Vår Energi to acquire BlueNord, creating Europe’s largest independent oil and gas producer
(WO) — Vår Energi has agreed to combine with BlueNord in a transaction that will create the largest independent oil and gas producer in Europe, expanding Vår Energi’s footprint into…
Gulf Oil Exports Briefly Recovered to Pre-War Levels Before Latest Escalation
Crude oil and condensate exports from the Persian Gulf rose to pre-war levels in the first half of July, data from Kpler and Vortexa shows, as cited by Reuters, reaching…
New Zealand Oil Explorers Rush to Secure Offshore Permits Before Election
Small oil and gas companies are vying to secure exploration permits offshore New Zealand in the coming months before a potential reinstatement of the drilling ban in the country. Last…
Europe Faces Diesel Crunch as Inventories Head Toward Multi-Year Lows
European diesel markets are set to further tighten as multiple supply disruptions have combined to drag inventories to multi-year lows, analysts at Morgan Stanley say. “The picture is genuinely…
India’s Crude Oil Import Bill Soars 60% as Iran War Drives Prices Higher
India paid 60% more for crude oil imports in the April-June quarter compared to the same period last year, as the surge in oil prices couldn’t offset slightly lower import…
China’s LNG Buying Spree Tightens Global Gas Market
China raised its liquefied natural gas imports for a second month in a row in June as the world’s top LNG buyer prepares for peak summer power demand. Chinese imports…
Tankers Fear Hormuz Transit as Iran Stops Vessels
An empty Malta-flagged, Greece-managed oil products tanker halted at anchor in the Strait of Hormuz near Oman early on Monday as vessel owners and operators grow increasingly wary of attempting…
China’s Fuel Oil Exports Hit 2026 High as Shipping Demand Rebounds
China exported 577,000 barrels daily of fuel oil last month, which was the most since the start of the year and an 18% increase from June 2025, Reuters reported today,…
LNG Shipments Through Strait of Hormuz Grind to a Halt as Conflict Escalates
Exports of liquefied natural gas via the Strait of Hormuz appear to have ground to a halt over the past three days, data from tanker-tracking firms have suggested, while oil…
USA LNG Growth Exceeding All Expectations, Yergin Says
The profound growth of U.S. LNG is exceeding all expectations. That’s what Daniel Yergin, Vice Chairman of S&P Global, said in a statement sent to Rigzone recently, adding that, “what…
