Oil extended gains by around 2% on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran's Islamic Revolutionary Guard Corps threatened to close 'all other export corridors that benefit the U.S. and its allies'…
Oil prices rose on Tuesday to their highest in four weeks, as the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude futures LCOc1 were up $2…
Saudi Arabian drilling contractor Arabian Drilling has received approval to resume operations for three offshore drilling rigs that had been temporarily suspended earlier this year, with the units expected to return to work within weeks.The suspensions…
Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz.Brent crude futures LCOc1 were up $2.67, or 3.51%, to $78.68 at 0743 GMT…
The number of vessels transiting the Strait of Hormuz fell to multi-week lows on Sunday, shipping data showed, as renewed strikes between the U.S. and Iran and attacks on ships in the Middle East heightened safety concerns.Six vessels transited the strait on Sunday…
The possible collapse of U.S.-Iran peace talks and the stop-start flow of tankers through the Strait of Hormuz are a nightmare scenario for Gulf nations desperate to return to normal after a bruising multi-month conflict.What was meant to mark…
Oil prices gained more than 3% on Wednesday after Iran and the U.S. military traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again…
ADNOC and XRG have signed a strategic collaboration agreement with Mitsui to explore opportunities across liquefied natural gas (LNG), crude oil, sulfur, shipping and chemicals, as well as international energy investments through XRG.The agreement…
ADNOC has signed a 15-year sales and purchase agreement with Japan's INPEX for the supply of 1 million tonnes per annum of liquefied natural gas (LNG), primarily from the Ruwais LNG project in Abu Dhabi.The agreement brings long-term commitments for the 9…
Oil rose on Tuesday as traders' nervousness about a lack of progress on peace talks between the United States and Iran offset any price impact of a slight recovery in shipping through the Strait of Hormuz.Brent crude futures LCOc1 gained $1…
Saudi Arabia is considering expanding the capacity of its crude oil pipeline to the western Red Sea coast, five sources close to the matter said, enabling the kingdom and possibly neighbours to transport more oil without crossing the Strait of Hormuz…
Israel has launched its fifth competitive process to search for more natural gas in the country's economic waters, Energy Minister Eli Cohen said on Monday, seeking to bolster domestic reserves while increasing exports.Israel's gas needs are served by a number of fields off its Mediterranean coast…
ADNOC has launched a global liquefied natural gas (LNG) marketing and trading platform in Abu Dhabi Global Market, bringing together the LNG marketing activities of ADNOC Gas and XRG with ADNOC Trading’s trading capabilities.The integrated commercial…
ADNOC’s XRG has completed the acquisition of an additional equity interest in Trains 4 and 5 of the Rio Grande LNG project in Texas, increasing its participation across all five trains currently under construction at the liquefied natural gas (LNG) export facility…
SLB has been awarded a seven-year contract by Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley initiative to support applied research, technology deployment and digital innovation programs aligned with Kuwait's long-term energy objectives…
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