Petrobras to pay $450 million for full ownership of key Campos basin oil fields
Offshore Brazil March 17, 2026 FPSO Cidade de Campos (WO) – Petrobras has exercised its preemptive right to acquire Petronas’ 50% stake in the Tartaruga Verde field and…
EU Considers Naval Action to Reopen Vital Strait of Hormuz
The European Union foreign ministers are discussing on Monday the potential to move an already operational mission in the Middle East region to try to help unblock the Strait of…
Middle East War Revives Interest in Alaska LNG
Interest in the Alaska LNG export project has spiked since the war in the Middle East choked 20% of global LNG supply and sent Asian buyers scrambling for expensive spot…
Iraq To Restore Kirkuk-Turkey Pipeline as Iran War Chokes Off Exports
Iraq is scrambling to restore a northern oil export route that would send crude from the Kirkuk fields directly to Turkey’s Mediterranean port of Ceyhan, as the war involving Iran…
Hormuz Crisis Sparks Urgent Call to Boost UK Gas Storage
Energy associations and analysts are calling on the UK government to boost Britain’s gas storage capacity amid the new energy supply crisis that has choked oil and gas supply from…
Pakistan Oil Tanker Transits Hormuz
A tanker laden with crude oil appears to have cleared the Strait of Hormuz and is now sailing to Pakistan, according to ship-tracking data, making it the latest in just…
Fossil Fuel Reliance Is Ripping Away Nations’ Security, UN Says
The war in the Middle East is exposing the high cost of dependence on fossil fuels—it is “ripping away national security and sovereignty,” the UN climate secretary told an EU…
Fujairah Suspends Oil Loadings After Another Attack
Fujairah, the UAE’s key oil export port, suspended oil loadings on Monday after another attack on the only UAE port located outside the Strait of Hormuz. The escalating conflict spreading…
Japan Taps Emergency Oil Reserves
Japan has started releasing oil from its reserve to stabilize supply amid the continuing tanker traffic freeze in the Strait of Hormuz. Initially, the government will release 15 days’ worth…
