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.
Ares Management, through funds led by Ares Infrastructure Opportunities, has acquired a 32.4% stake in the Rover Pipeline from funds managed by Blackstone Energy Transition Partners, the companies announced on Wednesday.
bp Plc and Venezuela agreed on a deal to explore for natural gas offshore as the South American country’s energy revival gathers pace following the U.S. capture of Nicolas Maduro.
BW Offshore has signed a front-end engineering and design (FEED) agreement with Equinor for the Bay du Nord development offshore Newfoundland and Labrador, Canada.
Russia said it has no plans of leaving its alliance with OPEC after the United Arab Emirates’ shock decision to quit the cartel raised questions about its future amid a historic supply disruption caused by the Iran war.
Petrobras has agreed to acquire a 100% interest in a portion of the Argonauta area in the Campos basin, increasing its stake in the Jubarte pre-salt field.
Asia’s LNG imports slumped in March to the lowest level in seven years for the month as the closed Strait of Hormuz trapped the supply and Qatar declared force majeure following Iranian missile strikes on its LNG infrastructure.