The Iranian Revolutionary Guard Corps (IRGC) announced on Sunday that two ships were involved in an incident in the Strait of Hormuz, while two others turned back from crossing after warnings were issued to them. The IRGC asserted that not a single drop of oil, gas, or chemical fertilizer will pass through the Strait of Hormuz without permittance.
Andy Burnham, set to become the UK’s new Prime Minister on Monday following Keir Starmer’s resignation, is preparing to signal strong support for new oil and gas activity in the North Sea as part of an early policy push.
China drew 41 million barrels from crude inventories in June, one of the largest monthly draws on record, according to the International Energy Agency.
Canadian company ReconAfrica said on Thursday, July 16, that its Kavango West 1X exploration well produced natural gas and liquids during tests of the Elandshoek formation in northeastern Namibia. It marked the first time hydrocarbons had flowed to the surface from an onshore well in the country.
Chevron is preparing to sign MoUs with Iraq to advance its potential entry into two major oilfields and support studies of alternative crude export routes, Reuters reported on Thursday.
Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water.
Halliburton has secured lump-sum turnkey contracts from Aramco for well delivery across multiple Saudi fields, Halliburton announced on Thursday
The U.S. Energy Information Administration (EIA) raised its U.S. crude oil production forecast for 2026 in its latest short term energy outlook (STEO), which was released earlier this month.
BP Plc said ConocoPhillips will acquire 42% of its stake in a venture that’s redeveloping Iraq’s giant Kirkuk oil fields, a major revival target for the OPEC heavyweight that has experienced output decline since the Iran war began.
Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water. Burnham’s team has asked the civil service to draw up plans for new energy and water policies that can be revealed as […]