Oil falls on report Asia will import highest volume of crude since start of Iran war
Oil fell Thursday, as traders assess a report that Asia is on track to import its highest volume of crude oil since the start of the US-Iran war.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
ECOncrete, Submar launch bio-enhancing protection for Gulf offshore assets
ECOncrete and Submar are expanding their partnership to provide enhanced concrete mats for erosion protection of pipelines, subsea cables and other offshore infrastructure across the Gulf region.
Read MessageTrump Fuel Export Ban Threat Sends European Diesel Soaring
President Donald Trump's push to ban American diesel exports sent European prices for the fuel surging.
Read MessageOil Rises as Diesel Export Talk Swirls
Brent rose nearly 4% as tight fuel supplies, Hormuz risks and diesel export concerns drove trading.
Read MessageSubsea7 wins Sakarya Phase 3 contract extension offshore Türkiye
Subsea7 has won a $50–150 million contract extension for Türkiye’s Sakarya Phase 3 gas development, adding towing and mooring work for the project’s floating production unit ahead of 2028 commissioning.
Read MessageOSRL launches subsea well control system for shallow-water operations
OSRL has launched a shallow-water well control system that enables capping stacks to be deployed from outside hazardous surface areas and landed on subsea wells in water depths from 75 to 600 meters.
Read MessageShell Exits BP's Na Kika Platform in US Gulf
'The transaction supports Shell's efforts to actively shape its portfolio to ensure a resilient and increasingly competitive upstream business'.
Read MessageEIA Raises USA Oil Production Forecasts for 2026, 2027
The U.S. Energy Information Administration raised its U.S. crude oil production forecasts for both 2026 and 2027 in its latest short term energy outlook.
Read MessageCzechia's MND Set to Expand Production Activities in Ukraine
Naftogaz signed a memorandum of cooperation with MND for the Czech company's potential participation in Naftogaz's oil and gas development projects in Ukraine.
Read MessageSLB wins OQEP contract for 548,000-bpd Bisat field expansion in Oman
SLB has won an OQEP contract to expand the Bisat-B production facility in Oman to 548,000 bpd of gross fluids handling capacity, with completion targeted within 19 months.
Read MessageTotalEnergies takes FID on Ima gas field offshore Nigeria
TotalEnergies and AMNI have taken FID on Nigeria’s offshore Ima gas development, targeting 350 MMcfd of production from 2028 to supply the expanding Nigeria LNG plant.
Read MessageImperial Oil Chief Calls for Alberta to Reject Separatism
Imperial Oil Ltd came out against Alberta separatism.
Read MessageTotalEnergies Approves New Upstream Project for Nigeria LNG
'Once on stream, the Ima field will supply about one-third of the gas required for the ongoing Nigeria LNG Train 7 expansion project, which will increase the liquefaction plant capacity from 22 million tons per annum (Mtpa) to 30 Mtpa'.
Read MessageUSA-Iran Conflict Changes Definition of Available Barrel
The U.S.-Iran conflict has changed the definition of an available barrel, Ole Hvalbye, Partner at ABG Sundal Collier, told Rigzone.
Read MessageEuropean Commission Proposes Energy Efficiency Rating for Data Centers
Concurrently it launched a public consultation on minimum energy efficiency standards for data centers.
Read MessageA Critical Week for Oil
Macquarie strategists, including Thierry Wizman, Global FX and Rates Strategist at Macquarie Group, noted that this was a 'critical week for oil'.
Read MessageEngineers India to Deliver $16B Kenya Refinery
Aliko Dangote, Africa's richest person, has hired the engineers that built his Lagos refinery to work on the new crude processing plant in Kenya that he is set to start constructing this month.
Read MessageZelenskyy says Ukraine ready for ‘energy ceasefire’, calls for trilateral meeting with Putin, Trump
Zelenskyy said Ukraine is ready for an “energy ceasefire” with Russia, provided Moscow stops attacks on critical infrastructure.
Read MessageIran floats conditions for Hormuz reopening as Trump says deal could come after midterms
Tehran's proposal could pave the way for restoring traffic through the Strait of Hormuz, reviving fragile hopes for a diplomatic off-ramp.
Read MessageOil falls after U.S. and Iran talk for hours at UN meeting
Oil fell Wednesday, amid hopes of a diplomatic solution to the conflict in the Middle East after Iran and the U.S. had talks.
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