Some 23 tankers have been spotted around Iran’s principal oil-export hub, the largest cluster to have gathered at the island since the U.S. Navy began a blockade on the country’s ports a month ago, interdicting and seizing ships.
The U.S. Treasury Department has sanctioned 19 vessels and a network of shipping, financial and trading entities tied to Iranian oil, LPG and petrochemical exports, marking a significant escalation in Washington’s campaign to restrict Tehran’s energy revenues amid ongoing conflict in the Middle East.
Kimbell Royalty Partners has agreed to acquire Permian basin mineral and royalty interests from Mesa Royalties in a transaction valued at approximately $147 million, expanding the company’s exposure across the Delaware and Midland basins.
Nigeria should market its crude oil to new buyers as the UAE’s decision to leave OPEC is dislocating the balance that the cartel and the OPEC+ group have been seeking for years, according to Wole Ogunsanya, chairman of the Petroleum Technology Association of Nigeria (PETAN). The official urged Nigeria’s state oil and gas firm NNPC […]
Russia appears to have recently added four LNG carriers to its growing dark fleet of tankers exporting cargoes from the sanctioned Arctic LNG 2 project, a Bloomberg analysis of shipping data showed on Monday.
Asian energy importers are likely to develop a stronger – and lasting – taste for Australian natural gas as they get pressured by a Middle East energy commodity supply shortage. That’s according to one industry executive who sees a bullish future for Australia’s gas exports.
Santos and partner Repsol have achieved oil production from the first phase of the Pikka development on Alaska’s North Slope, the companies announced on Monday.
North America added three rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on May 15.
Eco Atlantic said it has secured final court approval for its proposed acquisition of JHI Associates Inc., advancing the company’s planned expansion into offshore Falkland Islands acreage and additional Guyana exposure.
Glenfarne Group and ConocoPhillips Alaska have signed a gas sales precedent agreement supporting Phase One development of the Alaska LNG project, adding another long-term North Slope supply commitment to the proposed pipeline system.