The US and Iran clashed near the Strait of Hormuz, an escalation that threatens to further fracture a fragile ceasefire as the two sides discuss a permanent end to the war.
Pakistan on Wednesday issued a tender seeking to urgently buy two LNG cargoes for delivery later this month as the country struggles to cope with a gas and power crisis amid disrupted LNG supplies from the Middle East.
Delfin Midstream has signed a long-term agreement with Gunvor International for the supply of LNG from its deepwater export facility in the US Gulf, Delfin announced on Wednesday.
The Australian government said Wednesday it will include a AUD-10 billion ($7.26 billion) Australian Fuel Security and Resilience package in the federal budget next week.
Equinor ASA has reported $3.7 billion, or $1.48 per share, in net income adjusted for nonrecurring items for the first quarter (Q1), more than double that of the same three-month period last year on higher production and higher oil prices.
WO) – “It doesn’t matter whether it’s today, 10 years ago, 20 years ago … the challenge is the same: to supply the world with energy.”
That was the message from John Ardill, vice president of exploration and new ventures at ExxonMobil, speaking during OTC’s Day 2 technical session, “Exploration in the Demand Decade,” moderated by Nikki Martin, president and CEO of EnerGeo Alliance.
The Trump administration is studying using oil under land at U.S. military bases and other Department of War sites to help refill the nation’s depleted emergency reserves, according to a person familiar with the matter.
Diversified Energy Company and global investment firm The Carlyle Group have agreed to acquire a portfolio of Anadarko basin oil and gas assets from Camino Natural Resources in a transaction valued at approximately $1.175 billion.
Texas Railroad Commissioner Wayne Christian praised new reports highlighting Texas’ growing role in global energy markets as instability in the Middle East continues to pressure oil and gas supplies.
OPEC’s crude production fell to a new 36-year low last month as the Iran war continued to choke off exports from the Persian Gulf and forced further shut-ins, according to a Bloomberg survey.