Regions News

 

Mubadala Energy Secures Southwest Andaman Exploration Block off Indonesia

Mar 26, 2026

Mubadala Energy has been awarded the Southwest Andaman exploration Production Sharing Contract in Indonesia, expanding its position in the Andaman Sea.The Abu Dhabi-based company will hold a 100% participating interest and operate the block…

Strohm to Supply Insulated TCP Jumpers for Malaysia’s Offshore Project

Mar 26, 2026

Thermoplastic composite pipe (TCP) manufacturer Strohm has secured a contract to supply insulated production jumpers for an offshore field extension project in Malaysia.The scope includes two carbon fibre PA12 thermoplastic composite pipe production jumpers with a 7-inch internal diameter…

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

Mar 25, 2026

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…

ADES Expects Up to 44% Earnings Rise Despite Regional Tensions Impacting Rigs

Mar 25, 2026

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…

Oil Falls on Middle East Ceasefire Hopes, Easing Supply Fears

Mar 25, 2026

Oil prices sank about 4% on Wednesday after reports the United States had sent Iran a 15-point proposal aimed at ending the war in the Middle East, raising prospects of a ceasefire that could ease supply disruptions in the region.Brent crude futures LCOc1 fell $4…

Oil Rises as Iran Denies US Talks, Supply Risks Persist

Mar 24, 2026

Oil prices rose on Tuesday on supply fear, as Iran denied it had talks with the United States to end the war in the Gulf, contradicting U.S. President Donald Trump who said a deal could be reached soon.Brent futures LCOc1 rose $2.89, or 2.9%…

ADNOC Gas Adjusts LNG Output Amid Hormuz Disruptions

Mar 23, 2026

The gas subsidiary of ADNOC, Abu Dhabi's state oil firm, on Monday said it made temporary adjustments to its production of liquefied natural gas and export-traded liquids in response to ongoing shipping disruption in the Strait of Hormuz.The U…

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

Mar 23, 2026

U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile…

US to Deploy Amphibious Assault Ship, Marines to Middle East

Mar 20, 2026

The U.S. military is deploying a large amphibious assault ship with thousands of additional Marines and sailors to the Middle East, three U.S. officials told Reuters on Friday, as Iran's new supreme leader hailed Iran's 'unity' and 'resistance'…

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