More than 40 Middle East energy assets ‘severely damaged,’ IEA chief says
The IEA’s Fatih Birol warned that damage to energy infrastructure across the Middle East would take some time to repair.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Fire Hits Oil Production at Major Libyan Field
The National Oil Corp said a leak-induced blaze that hit the Sharara crude pipeline had cut about half of production at the field, one of Libya's biggest with a declared capacity of 330,000 bpd.
Read MessageOil prices rise as Trump’s Hormuz ultimatum and Iran threats keep markets on edge
Fears over a prolonged disruption in the Strait of Hormuz have kept investors on edge as oil prices swung in volatile trading Monday.
Read MessageIran, Trump Exchange Threats over Hormuz
The U.S. president gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed.
Read MessageU.S. targets Iran positions near Strait of Hormuz as oil market tensions rise
U.S. officials say military operations against Iran are targeting positions near the Strait of Hormuz, a key global oil chokepoint, as escalating conflict raises risks to crude flows and keeps energy markets on edge.
Read MessageThe economy has a Strait of Hormuz deadline for Trump: Two weeks
Corporate executives are not panicking over a short-term increase in oil prices and Strait of Hormuz closure, but patience may wear thin in a matter of weeks.
Read MessagePetrobras Discovers More Gas offshore Colombia
The new discovery in Block GUA-OFF-0 'consolidates the gas province and the gas potential in the Colombian offshore', Petrobras said.
Read MessageAnalysis: Trump's unshackled presidency puts him at the center of the economy
The president's unprecedented use of executive power has made him a driving force behind oil prices, the Federal Reserve's interest rates and more.
Read MessageAustralia Weighs LNG Windfall Tax
Prime Minister Anthony Albanese has asked Australia's Treasury to look into imposing a windfall tax on the country's vast liquefied natural gas industry.
Read MessageIraq declares force majeure on foreign oilfields as Hormuz disruption halts exports
Iraq has declared force majeure on foreign-operated oilfields after Strait of Hormuz disruptions halted crude exports, Reuters reported, forcing sharp production cuts and tightening global supply amid escalating regional conflict.
Read MessageBrazil, Mexico weigh Petrobras–Pemex tie-up for offshore oil exploration
Brazil President Luiz Inácio Lula da Silva said Petrobras and Pemex could partner on deepwater oil exploration in the Gulf of Mexico, as Mexico seeks to revive production and Petrobras looks to expand internationally.
Read MessageTrump: 'I don't want to do a ceasefire' in Iran war
President Donald Trump said the U.S. was 'obliterating' Iran in the conflict.
Read MessageOil Surges as Iran War Escalates
Oil surged to multi-year highs as the Iran conflict disrupts global supply.
Read MessageIEA Says WFH To Help Combat Oil Price Shock
Oil futures have surged around 50 percent in London this month.
Read MessageEquatorial Guinea unveils reprocessed offshore seismic data to boost exploration
A new high-resolution offshore seismic dataset covering 7,300+ km in Equatorial Guinea has been released, leveraging advanced PSDM and FWI imaging to support exploration and de-risk prospects ahead of the EG Ronda 2026 licensing round.
Read MessageDHL boosts North America data center logistics capacity amid AI demand surge
DHL is expanding its North America data center logistics network with 10 new sites and over 7 million sq ft of capacity, supporting hyperscale AI infrastructure growth with specialized handling, transport and global supply chain integration.
Read MessageTexas Leads Nation in Oil, Gas Jobs
Texas 'led the nation' in oil and gas jobs last year with 476,777 people employed in the industry, according to TIPRO's latest state of energy report.
Read MessageCalifornia's Gas Watchdog Warns of Gouging
California's energy regulator is keeping a close watch on the state's gasoline market for potential price gouging.
Read MessageGlobal energy leaders split on transition investments, peak oil expectations
A Bain & Company survey of 800+ executives shows energy leaders divided on transition investments and peak oil timing, as policy uncertainty, rising costs and AI-driven power demand reshape capital allocation across oil, gas and utilities.
Read MessageRas Laffan attacks could reshape global LNG supply as outage timeline extends
Attacks on Qatar’s Ras Laffan hub have removed nearly 20% of global LNG supply, with Wood Mackenzie warning the disruption could last months—or longer—tightening markets, delaying new capacity and reshaping global gas flows.
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