Middle East9 hours agoOil prices plunge 11% after Iran says Strait of Hormuz is open for commercial vesselsThe S&P 500 and the Nasdaq both hit record highs. But questions remain about how the strait will be administered,…
Middle East4 days agoOil Prices Surge After U.S. Seizes Iranian Vessel Near HormuzOil prices climbed sharply in early Asian trade on Monday, as the U.S. Navy intercepted an Iranian vessel it accused…
Middle East1 week agoIEA Chief Says Oil, Gas Recovery Could Take Two Years After War DamageIt could take up to two years to restore a meaningful share of oil and gas production lost in the…
Middle East1 week agoSaipem wins $400 million Aramco offshore EPCI contracts at Safaniya fieldSaipem has been awarded two offshore contracts by Aramco worth a combined $400 million to support development work at the…
Middle East1 week agoIran Showing Signs of Capitulating Over Strait Of HormuzIran may halt its own oil shipments through the Strait of Hormuz for several days. Tehran is weighing a short-term…
Middle East1 week agoKuwait’s HEISCO reports formal award of $565mln KOC flowlines contractKuwait’s Heavy Engineering Industries & Shipbuilding Co. K.S.C (HEISCO) announced on Sunday that it has received a formal contract award…
Middle East1 week agoSaudi East–West crude pipeline back to full capacitySaudi Arabia has restored full pumping capacity on the 7mn b/d East–West crude pipeline and recovered production capacity lost at…
Middle East2 weeks agoBorr Drilling anticipates step-up in rig contracting gameBorr Drilling, an offshore drilling player with its corporate base in Bermuda, has shed light on operational and contracting activities…
Middle East2 weeks agoEnergean cleared to restart gas field off Israel after ceasefireIsrael’s Ministry of Energy and Infrastructure has allowed the restart of a second natural gas offshore field following the US…
Middle East2 weeks agoOil Prices Rise as Iran Signals Hormuz ClosureIran has reportedly closed the Strait of Hormuz again, less than 24 hours after agreeing to a ceasefire deal with…
