Oil prices edged up on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive results towards a resolution for the Iran war.Trump is…
Consultancy firm ABL Group has agreed to acquire Malaysia-based process safety and technical risk consultancy SynergenOG, expanding its engineering and risk management capabilities for the energy sector.ABL Group said SynergenOG would be integrated…
Petronas LNG (PLL) has signed a 20-year time charter agreement with MISC Group for five newbuild liquefied natural gas (LNG) carriers as the Malaysian energy company strengthens long-term LNG supply capacity.The agreement covers five 174,000…
Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday.'With Hormuz tanker traffic still restricted…
Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz…
QatarEnergy has signed a memorandum of understanding (MoU) with TotalEnergies, ConocoPhillips and the Syrian Petroleum Company for cooperation in offshore oil and gas exploration in Syria.The agreement covers a technical review to assess the…
Clean hydrogen production is expected to grow 100-fold by 2060, driven by energy security concerns and large-scale expansion in China, according to a new forecast from classification society DNV.In its latest report, Energy Transition Outlook 2026: Hydrogen to 2060…
Fast Offshore Supply (FOS) has selected Incat Crowther to design a fleet of 10 new DP2 fast crew transfer vessels (CTVs) for offshore operations supporting Brunei Shell Petroleum, a joint venture between Shell and the Government of Brunei.The…
Dolphin Drilling has signed a contract with Harbour Energy for the semi-submersible drilling rig Paul B. Loyd Jr. in the U.K. sector of the North Sea, adding about $150 million in firm backlog, while also securing extension for Blackford Dolphin rig operating off India…
Abu Dhabi-based state-owned sovereign investor Mubadala Investment Company has invested $325 million alongside a consortium led by Apollo Funds to acquire a stake in Ørsted’s Hornsea 3 offshore wind project in the United Kingdom.Hornsea 3, located off the Norfolk coast…
Oil prices rose nearly 1% on Tuesday as talks to end the U.S.-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have kept supply concerns alive.Brent crude futures were up 86 cents…
ADNOC Drilling has reported its strongest-ever first-quarter performance, supported by high fleet utilization, growth in integrated drilling services and long-term contract coverage across its operations.The UAE-based drilling contractor posted first-quarter revenue of $1…
Oil prices rallied on Monday, a day after President Donald Trump said Iran's response to a U.S. proposal was 'unacceptable,' raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.Brent crude futures LCOc1 climbed $4…
Oil majors are bracing for prolonged turbulence in energy markets, which should curb any temptation to ramp up spending after the Iran war. The biggest fear now is not missing the next rally, but being on the wrong side of the inevitable retreat…
Ta San Shang Marine (TSSM), a joint venture between Mitsui O.S.K. Lines (MOL) and Taiwan’s Ta Tong Marine, has taken delivery of a new commissioning service operation vessel (CSOV), the TSS Cruiser, which is now ready to support offshore wind farm operations in Taiwan…
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