Saudi Arabia’s drilling contractor Arabian Drilling has informed that some of its offshore rigs in the Persian Gulf have been temporarily suspended as a precautionary measure amid ongoing regional tensions, while its land operations remain unaffected.The company said it received notifications for the suspension of certain offshore rigs in coordination with clients and stakeholders, in line with its safety and operational protocols prioritizing personnel and asset protection…
Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East.Brent crude futures LCOc1 jumped $3…
War in the Middle East has triggered severe global supply disruptions in oil and gas, with reported damage and shutdowns affecting liquefied natural gas (LNG) trains, refineries, fuel terminals and critical gas-to-liquids facilities across the region…
Saudi Arabian oil and gas drilling contractor ADES International Holding has reported it expects 44% rise in its core earnings in 2026, despite having several of its offshore rigs in the Gulf region temporarily suspended due to ongoing regional tensions…
Vestas has announced plans to build a nacelle and hub assembly factory in Scotland to support growing offshore wind demand in the U.K. and Europe.The proposed facility, with an investment exceeding $290 million, would manufacture nacelles and hubs for the company’s V236-15…
Crude oil exports from Saudi Arabia's Red Sea Yanbu port rose to nearly 4 million barrels per day last week, a sharp increase from export levels before the Iran war broke out, shipping data shows.The jump shows that Saudi Aramco, the world's biggest oil exporter…
China's state-run refiner Sinopec does not intend to buy Iranian oil but is pushing for permission to tap state reserves, a senior executive said on Monday, days after the U.S. waived sanctions for buyers of some Iranian crude.The world's largest…
Saudi Aramco Chief Executive Amin Nasser has cancelled his planned appearance at the CERAWeek energy conference in Houston to remain in Saudi Arabia because of the Iran conflict, an industry source told Reuters.Nasser, who has been CEO of the world's top oil exporter for more than a decade…
Iran accused Israel of striking its facilities in the huge South Pars gas field on Wednesday in a major escalation in the U.S.-Israeli war that sent oil prices shooting higher, and retaliated by vowing attacks on oil and gas targets throughout the Gulf…
Iranian gas facilities in the Gulf came under attack on Wednesday, state media reported, prompting Tehran to say it would target a range of energy installations across Saudi Arabia, the United Arab Emirates and Qatar 'in the coming hours'.Oil prices jumped on the news…
TotalEnergies has lost 15% of its oil and gas output as the U.S.-Israeli war with Iran shuts fields across the Middle East, including in the UAE, Qatar and Iraq, the French oil major said on its investor website.That output accounts for about 10% of Total's upstream cash flow…
Exxon Mobil has evacuated non-essential employees from its operations in the Middle East, CEO Darren Woods said in an interview on Tuesday, as the U.S.-Israel war on Iran continues.Some operations have been scaled back to manage oil inventory…
Offshore drilling contractor Borr Drilling has placed three jack-up rigs on standby in the Arabian Gulf following recent hostilities in the region arising from the U.S.-Israel and Iran war.The company has four jack-up rigs deployed in the area…
Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday…
Kuwait Petroleum Corporation began cutting oil output on Saturday and declared force majeure, adding to earlier oil and gas reductions from Iraq and Qatar as the U.S.-Iran war blocked shipments from the Middle East for the eighth consecutive day…
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