Ecopetrol Eyes Oil Output Boost As Iran Crisis Pushes Up Prices

Colombia’s state-controlled oil giant Ecopetrol may increase spending and boost output if elevated oil prices persist amid the escalating Middle East conflict, the company’s chief executive said Thursday. Benchmark Brent…

Qatar Leases Tankers as LNG Market Hits Crisis Mode

Qatar has offered two LNG carriers for lease amid a vessel crunch in the liquefied natural gas market and soaring daily rates, Bloomberg has reported, citing unnamed trading sources. The…

Shell Signs Oil and Gas Exploration Deal in Kazakhstan

Shell and Kazakhstan have signed an agreement for oil and gas exploration in the Zhanaturmys block in western Kazakhstan, the Kazakh Energy Ministry said on Thursday. The agreement – signed…

Drone Strike Hits Bahrain Refinery as Crack Spreads Surge

A drone strike hit oil infrastructure in Bahrain’s Ma’ameer industrial area, according to multiple early reports Thursday morning, raising  concerns about the vulnerability of Gulf refining assets as regional tensions…

Indian Refiners Snap Up Russian Crude after US Waiver

Indian refiners are moving quickly to buy Russian oil, with million of barrels floating in Asian waters offering a quick fix to a Middle East supply crunch after the US…

Trump On Rising Gas Prices During Iran Operation: ‘If They Rise, They Rise’

(Reuters) – President Donald Trump said on Thursday he was not concerned about rising U.S. gas prices driven by the widening Iran conflict, telling Reuters in an exclusive interview that…

US Weighs Oil Futures Market Action to Combat Rising Energy Prices – WH Official

(Reuters) – The U.S. Treasury Department is expected to announce measures as soon as Thursday aimed at combating rising energy prices, including potential action involving the oil futures market, a…

Mini drones used to explore Fukushima 3 reactor

Tokyo Electric Power Co (Tepco) said the investigation would take approximately two weeks and investigate the conditions inside the reactor as well as the access route for planned fuel debris retrieval, saying “we will…

Haiyang 3 completes cold tests

Such tests are carried out to confirm whether components and systems important to safety are properly installed and ready to operate in a cold condition. The main purpose of cold…