Hormuz Tanker Traffic Drops Despite Recovery in Oil Flows
Tanker traffic in the Strait of Hormuz slowed below the ten-day average this week, with only seven commodity vessels traversing the waterway on Thursday, Reuters reported today, citing preliminary data…
Oil Prices Head for a Weekly Loss Despite Escalating Iran Tensions
Crude oil prices were on course to book another weekly loss despite no sign of any progress being made towards peace between Iran and the United States. At the time…
U.S. In Talks To Take Direct Ownership Of Venezuelan Oil Fields
The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited…
Trump Sends Saudi Nuclear Deal to Congress as Riyadh Rejects Israel Condition
Trump has formally sent the landmark U.S.-Saudi civilian nuclear agreement to Congress, even as Riyadh reiterated Thursday that it will not normalize relations with Israel without an independent Palestinian state,…
Texas Oil Co Starts 92 Well New Mexico Drilling Program
In a statement posted on its website this week, EON Resources Inc announced that a 92 horizontal well drilling program had commenced in the Grayburg-Jackson Field (GJF), which is located…
OMV Petrom receives additional 35MW of electrolysers at clean fuel facility
By 52 min ago 2 min read Romanian oil and gas firm OMV Petrom has received all electrolyser modules for a 35MW system to bring green hydrogen production capacity at…
Bangladesh LNG expansion could drive $8.5bn annual import bill, IEEFA warns
By 16 min ago 3 min read Bangladesh’s planned expansion of liquefied natural gas (LNG) import infrastructure could push the country’s annual LNG import bill to around $8.5bn after 2030,…
Bangladesh LNG expansion could increase annual imports by $8.5bn, IEEFA warns
By 16 min ago 3 min read Bangladesh’s planned expansion of liquefied natural gas (LNG) import infrastructure could push the country’s annual LNG import bill to around $8.5bn after 2030,…
Meritus strengthens Southern California team
© Shutterstock You’ve read 1 of 1 of your free articles this month. By 59 min ago 1 min read US industrial gas platform Meritus Gas Partners has strengthened its Southern…
Jan De Nul enters North Sea CCS market
By 33 min ago 2 min read Maritime infrastructure firm Jan De Nul is to enter the North Sea carbon capture and storage (CCS) market by installing rock over a…
