Crude Climbs as Hormuz Disruptions Persist
Oil rose as Hormuz disruptions and Saudi output cuts fueled supply concerns.
Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Keir Starmer: ‘I’m fed up’ with Trump and Putin affecting UK energy costs
Iran effectively closed the Strait of Hormuz during the war with U.S. and Israel, creating an oil supply crunch and
Strait of Hormuz oil flows to recover slowly despite ceasefire, analysts say
Oil flows through the Strait of Hormuz are expected to recover slowly following the U.S.-Iran ceasefire, with millions of barrels
Hormuz Strait oil traffic way down after ceasefire; Hassett says even one tanker is big deal
Trump said the temporary ceasefire is “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE
CB&I completes acquisition of Petrofac Asset Solutions business
CB&I has completed its acquisition of Petrofac’s Asset Solutions business, adding operations, maintenance, wells and decommissioning services to expand its
MaverickX expands PetroX production with new Eagle Ford facility in Texas
MaverickX has opened a new production facility in Pleasanton, Texas, scaling output of its PetroX chemical solutions used for enhanced
Egypt agrees to buy full output from Cyprus’ Aphrodite gas field
Egypt has agreed to purchase the full output of Cyprus’ Aphrodite gas field under a long-term deal, securing future supply
Occidental discovers oil at Bandit prospect in U.S. Gulf
Occidental has reported an oil discovery at the Bandit prospect in Green Canyon Block 680 in the U.S. Gulf, encountering
SLB OneSubsea wins HPHT boosting contract for Shenandoah field in U.S. Gulf
SLB OneSubsea has secured a contract from Beacon Offshore Energy to deliver an HPHT multiphase boosting system for the Shenandoah
Chevron Sees Lower Output Due to Iran War
Chevron said its production fell as much as 6 percent in the first quarter due in part to the Iran
Reliance Caps Sales at $11 Per Pump as Shortages Deepen
India’s largest private-sector refiner is restricting individual purchases to INR 1,000 per visit at fuel stations it operates with partner
US Troops to Stay in Gulf before Talks on Fragile Truce
The U.S. president vowed to keep troops in the Persian Gulf ahead of talks with Iran that are planned to
Family offices piled into oil after capital dried up. The recent rally has made for big gains
After ESG pressures forced private equity investors out of oil and gas, investment firms of ultra-wealthy families stepped up.
Santos Announces Positive Results for Quokka Appraisal Campaign
‘Located strategically to the east of our Pikka phase 1 development, Quokka represents another high-return opportunity that strengthens our position
Petronas, SLB Ink Suriname Partnership
‘Under this framework, Subsea Integration Alliance may provide full engineering, procurement, construction, installation and commissioning solutions for multiple discoveries in
Perenco Seals Acquisition of Saturn Banks Fields from CalEnergy
Perenco acquired a 50 percent operating stake in the already developed Blythe and Elgood fields.
Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis
‘Weeks, if not months’: Strait of Hormuz tanker traffic won’t normalize anytime soon
Traffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn
Norway Pushes for Reentry into Gro Gas Discovery
‘There is a considerable value creation potential here but time is running out’, Norway’s upstream regulator said about the discovery
China Oil Tankers Join Line Testing Hormuz and Iran Truce
Continued attacks – including Israeli strikes in Lebanon – have raised questions about the effectiveness of a ceasefire.