Oil Settles Higher on Gulf Escalation
Crude settles higher as attacks on key energy sites elevate supply concerns, widening Brent's premium and lifting gasoline sharply.
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Trump Waives USA Shipping Law For Oil, Gas
President Donald Trump temporarily waived a century-old shipping mandate to lower the cost of transporting oil, gas and other commodities around the United States.
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New Gas Finds in Libya Total More Than 1 TCF
Eni announced new gas discoveries in Libya totaling more than one trillion cubic feet.
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Equinor Plans New Tieback to Johan Castberg
'The volume basis in Johan Castberg was originally estimated at 500-700 million barrels, and Equinor has an ambition to increase this by an additional 200-500 million barrels'.
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Iran Warns Gulf Nations of Major Response
Iran warned countries around the Persian Gulf that a number of energy assets are now 'legitimate targets' after Israel attacked its giant South Pars gas field.
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Petrofac Secures Deal to Sell Emirates Business
'Petrofac Emirates encompasses Petrofac's core engineering and construction (E&C) capability, including the E&C execution teams in the UAE, Chennai and Mumbai'.
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Analyst Warns of USA NatGas Price Decoupling
EBW Energy Analyst Eli Rubin said natural gas 'continues to decouple from the crude oil correlations that provided upside from the Iran war'.
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Eni Approves Indonesia Projects Set to Deliver 2 Bcfd of Gas
Expected to go online 2028, the projects are designed to add up to 2 billion cubic feet a day of natural gas and 90,000 barrels per day of condensate to the Italian state-backed company's production capacity.
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EU Gets Ukraine Nod to Jointly Restore Druzhba Oil Flows
Kyiv agreed to restore flows to Hungary and Slovakia after EU senior officials told Ukraine the resumption would pave the way for the finalization of a EUR 90-billion loan and a fresh package of sanctions against Russia.
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JP Morgan Flags Oil Price 'Misalignment'
In an oil flash note sent to Rigzone late Tuesday, J.P. Morgan analysts flagged an oil price 'misalignment'.