Kuwait will consider increasing oil storage abroad to boost its ability to supply global markets after the war in the Persian Gulf blocked flows through the Strait of Hormuz, according to the head of the state energy company’s marketing arm.
Fresh military exchanges between the U.S. and Iran are raising new concerns about the durability of a fragile ceasefire and the prospects for reopening the Strait of Hormuz, a critical route for global oil and LNG shipments.
Citigroup, Banco Santander SA and JP Morgan are among lenders working on a roughly $1 billion finance package for a project by Transportadora de Gas del Sur SA in Argentina’s Vaca Muerta shale formation, according to people familiar with the matter.
CRP Subsea has expanded its hydrostatic testing capabilities with the installation of four new pressure vessels at its Hydrostatic Test Centre in Skelmersdale, UK, strengthening its ability to qualify subsea products for deepwater applications.
Russian President Vladimir Putin authorized TotalEnergies SE to sell its stake in a U.S.-sanctioned liquefied natural gas export project in the Arctic, a rare move that will allow the French major to exit a project strangled by western restrictions.
DNV has verified the performance of an onboard carbon capture and storage (OCCS) system developed by Carbon Ridge following a five-month pilot installation aboard a Scorpio Tankers vessel.
Yann Pierre YANGARI, founder and CEO of Flamboyans Services, talks to The Energy Year about regulatory reforms that are bringing upstream investors to Gabon and the crucial role gas-to-power can play in Africa’s infrastructure development.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will launch its 2026 licensing round by Q3 2026, the regulator announced on Wednesday.
Most oil producers in the Middle East will see their crude oil production surge by double-digit percentages next year, rebounding from this year’s shut-ins due to the Iran war and the closed Strait of Hormuz.
Industrial action at the Ichthys LNG project offshore Australia has started to affect loadings, with Reuters reporting that one tanker has been delayed as a result of the limited strike.