Trending News: Hormuz Crisis Sparks Urgent Call to Boost UK Gas StorageIraq To Restore Kirkuk-Turkey Pipeline as Iran War Chokes Off ExportsMiddle East War Revives Interest in Alaska LNGEU Considers Naval Action to Reopen Vital Strait of HormuzPakistan Oil Tanker Transits HormuzKent wins engineering and design contract for Prinos CO2 storage projectCOMMENTARY: US is Quickly Exhausting Tools to Absorb Iran War Oil Shock – Ron BoussoTrump Adviser Says Iran ‘Terror Premium’ Inflated Oil Prices for DecadesJapan Taps Emergency Oil ReservesFujairah Suspends Oil Loadings After Another AttackFossil Fuel Reliance Is Ripping Away Nations’ Security, UN SaysVenture Global takes FID on $20.7bn CP2 LNG expansionHelium supply constraints may force Singapore resetCadent receives 38 UK biomethane plant applicationsWhy Might Trump Find it Hard to Reopen the Strait of Hormuz?Oil Prices Mixed Amid Attacks on Gulf Export FacilitiesTrump Announces ‘Bombing Raid’ at Kharg IslandTop Stories Of The Day: Eastman Appoints Rakesh Agrawal for BESS & Inverter Ops; Websol Allots 12.1M Shares After Warrant Conversion and More…Eastman Auto & Power Appoints Rakesh Agrawal to Head HV BESS and Inverter OperationsSinopec Slashes Refining Runs as Hormuz Disruption Squeezes Crude SupplyEU Ministers Race to Shield Industry From an Escalating Energy ShockPeak Energy Deploys Passively Cooled Sodium-Ion Battery System with RWE AmericasUK backs clean power to boost energy securityUAE And Germany Strengthen Energy Partnership To Accelerate Global Clean Energy TransitionVietnam Needs $18 Billion Grid Investment To Support Rapid Renewable Energy Expansion – ReportPodcast | Europe’s gas crisis and the biomethane opportunity – with Chris HuhnePodcast | Europe’s gas crisis and the biomethane opportunity – with Chris HuhneUS Oil CEOs Warn Trump Administration that Energy Crisis Likely to Worsen, WSJ ReportsIran Denies Seeking Truce as Dubai Oil Port DamagedEPC contract awarded for Mexico turquoise hydrogen pilot plantBank of America: Sell Oil Above $100Trump Bombs Iran’s Kharg Island and Threatens to Hit Oil ExportsOil Prices Remain Volatile as Hormuz Tensions RiseLNG layup processes add to Gulf shipping complexitiesLNG layup processes add to Gulf shipping complexitiesChina’s Sinopec to Slash Refinery Rates amid Crude Supply ShockAlaska LNG Needs More Offtake Commitments Before Final Investment Decision, CEO SaysEmergency Stockpile Oil Coming Soon to Iran-Wracked Markets, IEA SaysGE Vernova, Hitachi explore Southeast Asia market for BWRX-300Darlington 4 back in service, completing refurb projectHyundai, Thorizon team up for MSR commercialisationFirst new Kursk unit reaches full powerIRAN’S “CROWN JEWEL” – Kharg Island, Struck by US, is Key Hub for Iran Oil ExportsUS Authorizes 13% Increase in Exports at Venture Global’s Plaquemines LNG TerminalTrump Threatens More Strikes on Iran’s Kharg Island, Pushes Allies on Strait of HormuzSabah Unveils New Renewable Energy Framework To Boost Clean Power Investment In MalaysiaActis Sells Peru Power Generation Platform Orygen to Grupo RomeroGE Vernova And Hitachi Explore Small Modular Reactor Deployment Across Southeast AsiaSouth Africa Marks 300 Days Without Loadshedding As Eskom Stabilizes Power SupplyEskom And City Of Ekurhuleni Reach R3.4 Billion Debt Settlement To Secure Power SupplyCrude Futures Turn Positive on Continued Hormuz ClosureHormuz Crisis Forces Massive Saudi Oil Shut-InU.S. clarifies 172 MMbbl SPR release will be oil exchangeTrump orders restart of California’s Santa Ynez offshore oil unitU.S. strike near Iran’s Kharg Island heightens risk of oil supply disruptionCalifornia Hit By Much Higher Oil Prices as Iran War Stresses RefinersCHARTED: The Energy Mix of the World’s 10 Largest Economies – Visual CapitalistRANKED: The Top Buyers of U.S. Oil in 2025 – Visual CapitalistUS Drillers Add Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes19 Million Barrels of Russian Crude Cleared for Sale in AsiaBanks Hike Oil Price Forecasts, and Some See $150 CrudeMiddle East Conflict Halts 15% of TotalEnergies Oil and Gas ProductionKazakhstan’s Tengiz Oilfield Supply Uninterrupted Despite New IncidentAvanti calls for US helium critical mineral status amid Gulf crisisBP Says Whiting Refinery Union Workers Reject its Latest Employment ContractGlobal EV Sales Slip Again as China’s Market StallsGulf Oil Producers Have Already Lost $15 Billion Since the Start of the WarGoldman Sachs Hikes Brent Oil Forecast to Over $100 for MarchICRC mobilises oxygen cylinders to meet rising demand in LebanonActis Completes Sale Of Orygen, Peru’s Second-Largest And Most Diversified Power Producer, To Grupo Romero’s InfraCorp PlatformEuropean Investment Bank approves Up To USD 95 million To Finance ATOME PLC’s Villeta Green Hydrogen Fertiliser Plant In ParaguayTop Stories Of The Day: Draft Consumer Rights Rules Boost Solar & Storage; CERC Clears ₹11.88 Cr Solar Compensation and More…SunPower Inc. completes Integration Of Sunder Energy, Marking A Major Step In Its Long-Term Operational Growth StrategySouth Africa poised to boost helium supply as market tightensSouth Africa poised to boost helium supply as market tightensBahrain Launches International Tender For 100 MW Bilaj Al Jazayer Solar Power ProjectSvante advances BECCS project at US paper millOil on Track for Weekly Gains Despite US Sanctions Waiver on Russian OilOil Prices Dip as U.S. Opens Brief Window for Stranded Russian CrudeOil Prices Head for Weekly Gain Despite U.S. Waiver on Stranded Russian CrudeSaudi Arabia Offers 2 Million Barrels for Sale From the Red SeaAnalyst Warns of ‘Big, Big Risk’ for Oil Over WeekendSIAD to build €18m compressor production facility in ItalyDOE Unveils $1.9 Billion Electric Grid Upgrade PushIran Warns Gulf Energy Assets Could Burn if Its Oil Facilities Are TargetedUAE Cuts Crude Shipments to PartnersTrump Weighs Rare Jones Act Waiver as War Drives Fuel Prices HigherOil Settles Up 9% as Iran Vows to Keep Strait of Hormuz ClosedRegulatory justification for Rolls‑Royce SMRUS aims for 5 GW more from existing nuclearUK implementing nuclear regulatory review recommendationsIAEA and Russia discuss Zaporizhzhia nuclear plant situationInfrastructure work under way for Namaru uranium depositFirst San’ao unit connected to the gridOil Unlikely to Hit $200 a Barrel, US Energy Chief SaysHow Have US Presidents Tapped Strategic Petroleum Reserves During War?Iran War is One ‘TACO’ Too Far: McGeeverUS Natgas Prices at Waha Hub in Texas Remain Negative for Record 25th DayUS Navy Could Escort Vessels in Strait of Hormuz With International Coalition, Bessent SaysExchanges Oppose Potential US Treasury Intervention in Oil Futures Market

Pemex’s $9 Billion Loss Highlights Deepening Crisis

Oil & Gas
February 28, 2025

Mexico’s state oil giant, Pemex, has reported a staggering 190.5 billion-peso ($9.1 billion) loss for Q4 2024, marking a sharp reversal from its profit a year ago. The company attributes…

Oil & Gas
March 16, 2026

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…

Oil & Gas
March 16, 2026

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…