Westwood Global Energy Group News

 

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Mar 26, 2026

The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers.Before the war…

Windcat Amsterdam Debuts as First Elevation CSOV in Europe

Mar 25, 2026

Shipbuilder Damen and Windcat, part of maritime group CMB.TECH, have launched the Windcat Amsterdam, marking the arrival of the first Elevation series commissioning service operation vessel (CSOV) in European waters.The vessel was developed…

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…

Danish Investors Back Resolution Against Nordea over Arctic Oil Production

Mar 24, 2026

At least three Danish institutional investors support a shareholder resolution urging Nordea, the Nordic region's biggest bank, to stop financing companies expanding Arctic oil and gas production due to environmental risks.Pension funds Akademiker…

Oil Executives Flag Long-Term Impact of Iran Conflict

Mar 24, 2026

Some of the world's top oil executives and energy ministers in Houston on Monday expressed growing concern over the long-term effects of the U.S.-Israel war with Iran on the global economy, while the U.S. Energy Secretary Chris Wright downplayed the crisis…

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%…

TotalEnergies Abandons US Offshore Wind for Fossil Fuel Projects

Mar 23, 2026

The United States and French energy major TotalEnergies said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.The agreement marks a new strategy in the Trump administration's wide-ranging effort to stymie development of U…

Top Aramco Executive Pulls Out of CERAWeek as Iran War Escalates

Mar 23, 2026

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…

IEA Weighs Further Oil Stock Releases as War on Iran Continues

Mar 23, 2026

The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil 'if necessary' due to the Iran war, Executive Director Fatih Birol said on Monday.'If it is necessary, of course, we will do it…

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…

Exxon Consortium for Guyana Floating Production Continues As Planned

Mar 19, 2026

A new floating production facility for a consortium led by Exxon Mobil in Guyana is nearly complete and expected to soon depart from Singapore, an executive said Thursday, part of the push to accelerate oil and gas projects in a country key to the U…

Iran Fires Missiles at Qatar Energy Hub

Mar 18, 2026

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 Oil Facilities Under Attack, Site Evacuations Advised

Mar 18, 2026

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…

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Mar 18, 2026

Vietnam's domestic crude oil production is expected to decline this decade, according to a government document released this week, increasing the country's reliance on imports as its offshore fields mature and geopolitical tensions threaten global supplies…

Liz Westcott Appointed Woodside CEO

Mar 17, 2026

The Board of Woodside Energy has appointed Elizabeth (Liz) Westcott as Chief Executive Officer and Managing Director.Westcott, who has served as Woodside Acting CEO since the departure of Meg O’Neill in December 2025, has a proven track record…

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