Saudi Aramco and Abu Dhabi National Oil Company are among the companies continuing to move limited crude cargoes through the Strait of Hormuz despite ongoing threats and shipping disruptions tied to the Iran conflict.
Saudi Aramco reported stronger first-quarter earnings as higher crude prices and expanded pipeline exports helped offset disruption tied to the ongoing Strait of Hormuz crisis.
Ukraine said it struck two major fuel-producing facilities and an oil pumping station in Russia, adding more pressure on the nation’s refinery runs that hit multi-year lows in April.
Nigeria has sharply increased its share of Africa’s upstream final investment decisions (FIDs) following a series of energy sector reforms aimed at restoring investor confidence and accelerating project approvals.
Offshore driller Noble Corporation has secured about $565 million in new contract value since its last fleet update, lifting its backlog to $7.5 billion as fleet utilization improved.
Tullow Oil and its partners plan to introduce riser-based gas lift next year for the western side of the deepwater Jubilee Field offshore Ghana, according to the company’s full-year 2025 report.
The U.S. continues to seek to pile pressure on Iran with the naval blockade outside the Strait of Hormuz as the Trump Administration signals the blockade is yielding results and will not be lifted anytime soon.
After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster when the current Hormuz crisis is over, according to analysts at Barclays
Philippe N’Da, managing director of ICE Oil & Gas, talks to The Energy Year about the rationale for selecting Block CI-705 as an anchor exploration asset and the growing momentum in West Africa’s upstream following recent offshore discoveries.
INEOS Acetyls and Sandpiper Chemicals have entered into a collaboration to develop a low-carbon methanol facility in Texas City, Texas, the companies announced on Wednesday.