Oil prices extended gains on March 30, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the US-Israel war with Iran in the Middle East....
TotalEnergies has signed settlement agreements with the US Department of the Interior (DOI) to relinquish its Carolina Long Bay lease (Lease OCS-A 0545) and its New York Bight lease (Lease OCS-A 0538), both awarded in 2022, along with its partners. As a result, TotalEnergies will no longer develop offshore wind projects in the US....
Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO and state minister for energy affairs told Reuters. ...
US President Donald Trump has announced plans for what he described as a $300 billion refinery investment in Texas backed by India’s Reliance Industries, calling it the first new oil refinery to be built in the United States in nearly 50 years and a major step toward restoring American energy dominance....
Aramco warned the Strait of Hormuz disruption from the Iran war could have “catastrophic consequences” for global oil markets and trigger ripple effects across shipping, insurance, aviation, agriculture and automotive industries. ...
Attacks on commercial shipping in the Gulf intensified on Thursday as the war between the US and Iran escalated, raising concerns about disruptions to energy supplies from one of the world’s most critical oil transit routes. Nine vessels have come under attack since the conflict broke out on Saturday. ...
India's GAIL said it will assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG over constraints on vessels as conflict escalates in the Middle East....
At least 150 tankers, including crude and LNG vessels, dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed, after US and Israeli strikes on Iran plunged the region into turmoil....
Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the US and Iran that could disrupt supply continued to worry investors as talks between the parties are set for Thursday. Brent prices soared to $71.10 per barrel, their highest since July 31, 2025. ...
Aramco has sold several cargoes of ultra-light crude oil from its $100 billion Jafurah gas plant to US majors and an Indian refiner as it prepares to export its first cargo later this month, four trade sources said to Reuters....
Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new International Energy Agency (IEA) report. ...
Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the US, US President Donald Trump said, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts....
US production of associated dissolved natural gas, also known as associated natural gas, increased by 6 per cent last year, mirroring the growth in crude oil production from the Permian region....
Saudi oil giant Aramco has announced 17 MoUs and agreements with a potential total value of more than $30 billion with major companies in the US, through its Aramco Group Companies. These are aimed at supporting Aramco’s strategic growth objectives while enhancing its shareholder value. ...
Terra-Gen, one of the largest independent, integrated renewable energy producers in the US, jointly owned by Masdar and Igneo Infrastructure Partners, announced the commissioning of the Monte Cristo I Windpower Project....
Topsoe, a provider of advanced technology and solutions for the energy transition, has been selected to deliver three of its advanced technologies, as well as catalysts and equipment, for NXTClean Fuels’ Port Westward project in Clatskanie, Oregon....
Two Indian refiners have purchased 5 million barrels of crude oil from spot markets, seeking alternatives to Russian supplies. Hindustan Petroleum acquired 2 million barrels each of US West Texas Intermediate and Abu Dhabi's Murban crude, while Mangalore Refinery and Petrochemicals bought 1 million barrels of Basra Medium crude....
In 2023, the US produced 104 Bcf/d of natural gas, surpassing Russia. Three US regions—Appalachia, Permian, and Haynesville—rank among the world's top ten producers, with Appalachia at 33 Bcf/d, Permian at 21 Bcf/d, and Haynesville at 15 Bcf/d....
Samsung E&A has announced that its US office, Samsung E&A America, signed a $475 million (Engineering, Procurement, and Fabrication (EPF) contract for the US Wabash Low-Carbon Ammonia Project with Wabash Valley Resources....
Hitachi signed a Memorandum of Understanding (MoU) with the US Department of Commerce to enhance energy infrastructure for data centres and promote sustainable AI growth....
