Oil prices are up as uncertainty over a U.S.-Iran deal to reopen the Strait of Hormuz revived supply-disruption concerns with both sides demanding compensation, Monte Safieddine, Head of Market Research at Capital.com, said in a market analysis sent to Rigzone on Tuesday.
Joaquim Kiteculo, CEO of Sonangol Refinação e Petroquímica (Sonaref), talks to The Energy Year about progress on the USD 6.2-billion Lobito Refinery and Angola’s long-term prospects as an integrated refining and supply hub.
Egypt’s Ministry of Petroleum and Mineral Resources has launched two international bid rounds offering 14 onshore and offshore blocks for oil and natural gas exploration as the country seeks to attract upstream investment, the ministry announced on Tuesday.
The Minister for Energy and Green Transition, John Jinapor, has said the Ministry is in the final stages of getting the reforms to the oil and gas regulatory regime finalised.
ADNOC Gas has taken final investment decisions (FID) on the next phases of its Rich Gas Development (RGD) project, awarding $8.2 billion in engineering, procurement and construction (EPC) contracts that will expand natural gas processing capacity and support the company’s long-term growth strategy.
The Trump administration has extended targeted Jones Act waivers for an additional 90 days, providing continued flexibility for energy shipments between U.S. ports amid ongoing disruptions in global markets, according to the American Petroleum Institute (API).
The public consultation for Adura’s Jackdaw gas project has concluded, marking another regulatory milestone as the UK government considers whether to approve the North Sea development.
Delfin LNG has awarded TDI-Brooks a contract to perform offshore geophysical and geotechnical surveys for the Delfin Deepwater Port Project offshore Louisiana, marking another step in the development of the proposed floating LNG export facility.
Siemens Energy has been selected by SBM Offshore to supply power generation and gas compression systems for two Petrobras floating production, storage and offloading (FPSO) vessels planned for the Sergipe-Alagoas Deepwater development offshore Brazil.
Subsea Cable Assets (SCA) has secured its first contract with Kosmos Energy to supply an onshore umbilical storage carousel supporting subsea operations for a project in Mobile, Alabama.