Iraq Shuts Down Khor Mor Gas Field Amid Security Threats
United Arab Emirates’ Dana Gas has suspended operations at all main production facilities in the Khor Mor gas field due to credible security threats amid an increasingly volatile regional situation.…
EU Sets Target To Double Electrification Rate, Cut Oil & Gas Use
The European Union has unveiled the Electrification Action Plan, aiming for electricity to account for 46% of total energy consumption within the bloc by 2040, effectively doubling the current rate.…
Chevron Moves Closer to Iraq’s Biggest Oil Prize—and a Hormuz Exit Strategy
Chevron is taking another step toward expanding its footprint in Iraq, and is set to sign two memoranda of understanding on Friday that will move the U.S. supermajor closer to…
Oil Prices Set for Biggest Weekly Surge Since April as Iran War Escalates
Oil prices were headed early on Friday for a 12% weekly gain, the biggest jump in one week since April, as the re-escalation in the Middle East and the abrupt…
Pakistan Plans Fresh LNG Purchases Amid Strait of Hormuz Shutdown
Pakistan is looking to buy additional spot LNG cargoes for July and August delivery as the fresh halt to Strait of Hormuz traffic has disrupted shipments from its term supplier,…
Iran-Linked LPG Tankers Turn Back as U.S. Blockade Tightens
Iran-linked carriers of liquefied petroleum gas (LPG) have made U-turns and traveled in zig-zagging patterns in recent hours as they face the U.S. naval blockade in the Gulf of Oman,…
Libya Declares Major Oil Discovery Commercial as Production Revival Gains Pace
Libya’s National Oil Corporation, NOC, and Austrian energy firm OMV have declared the Essar oil discovery commercially viable as OPEC’s second-largest African producer pushes to revive its industry in partnerships…
Japan’s LNG Giant Weighs U.S. IPO to Accelerate Global Expansion
JERA, the biggest Japanese LNG importer and largest power producer, is studying a potential listing in the United States as part of a plan to boost its international footprint, Reuters…
South Korea Bets on Red Sea Route as Hormuz Disruptions Persist
Since the Iran war disrupted shipments through the Strait of Hormuz in early March, South Korea has been increasingly betting on the Red Sea route and the Saudi export terminal…
China Seeks Long-Term LNG Deals Beyond the Strait of Hormuz
China’s giant state LNG importers are in talks to secure long-term LNG supplies from exporters that don’t need the Strait of Hormuz, as the world’s biggest LNG buyer seeks to…
