Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market.The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas flowed before the conflict – have sharply diminished output from the Organization of the
EnQuest has agreed to acquire interests in four offshore production sharing contracts (PSCs) in Malaysia for up to $833 million, a deal that would significantly increase the independent energy
JERA has received its first liquefied natural gas (LNG) cargo from the Barossa gas project in Australia, marking the start of LNG deliveries from the offshore development to Japan's largest power
Industrial action at Inpex's Ichthys liquefied natural gas facilities continued on Friday after a hearing on the Japanese firm's application to halt the strikes was postponed to Saturday.
Oil prices fell more than 2% on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran
TGS has secured a streamer acquisition contract in the Africa and Middle East region for a 3D seismic survey campaign.The energy data and intelligence company said a 3D Ramform vessel is scheduled
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