Middle East conflict sparks closure fears for UK’s largest gas storage site
The UK’s largest gas storage facility is facing an uncertain future as the impact of the ongoing conflict in the Middle East is being felt on the Yorkshire coast, where…
Sir Ian Wood, champion of the North Sea oil industry, dies at 84
(WO) — Sir Ian Wood, the industrialist who transformed a family-owned Aberdeen marine business into global engineering company Wood Group and helped shape the modern North Sea oil and gas…
India Scours Angola, Venezuela for Crude as Mideast Supply Dries Up
Indian refiners are in search of crude supply from as far as Angola in Africa and Venezuela in South America as their term supplies from the Middle East are trapped…
ADNOC Issues Seventh Crude Tender Since June Despite Hormuz, Red Sea Risks
Abu Dhabi National Oil Company ADNOC has issued its seventh tender offering crude from the United Arab Emirates since the beginning of June, expecting to sell millions of barrels of…
Hormuz Tanker Crossings Sink to Lowest Level Since May as War Risk Spikes
Only one oil tanker transited the Strait of Hormuz on Thursday, the lowest number of crossings since May 7, as war risks spiked this week to hike crude oil prices…
Pakistan Transporters Threaten Nationwide Strike Over Fuel Price Hikes
Pakistan’s alliance of goods transporters has warned it could launch a nationwide strike over soaring fuel costs in another economic pressure that the South Asian country is feeling from the…
Saudi Crude Tanker Goes Dark to Slip Through Bab el-Mandeb
At least one oil tanker carrying Saudi crude oil has transited the Bab al-Mandeb Strait with its transponder switched off as risks to vessels in the Red Sea spiked this…
China Rushes to Secure Russian Oil as Middle East Supply Risks Escalate
Chinese refiners have bought up all crude oil cargoes set to load from Russia’s Far East port of Kozmino in August weeks earlier than usual, traders with knowledge of the…
U.S. Prioritizes Small Nuclear Reactors Across Southeast Asia
The U.S. has identified cooperation on small modular nuclear reactors (SMRs) as a key priority in its engagement with Southeast Asia as regional electricity demand continues to climb. Speaking after…
Global LNG Giants Target Cambodia as New Energy Market
Some of the world’s biggest heavyweights in liquefied natural gas exports are interested in adding Cambodia to their client list as the Southeast Asian nation build sits first LNG-fueled power…
