Middle East7 hours agoIsrael Hits Iranian Petrochemical Plant as War EscalatesIsrael hit a petrochemical plant in southwestern Iran early on Monday, the first direct energy strike on Iranian territory since…
Middle East4 days agoKEPCO Wins $1.4-Billion power Project for $100-Billion Saudi Jafurah FieldSouth Korea’s state-run utility Korea Electric Power Corp. (KEPCO) has won a $1.4-billion deal with Saudi oil giant Aramco to…
Middle East5 days agoAnalysts Tell OPEC+ Hormuz Disruption Will Last Through Year EndOil industry experts have told OPEC+ that supply disruption caused by the closure of the Strait of Hormuz will persist…
Middle East6 days agoOil Surges Over 7% as Iran Halts US Peace Talks and Threatens Full Closure of the Strait of HormuzOil prices exploded higher Monday, with U.S. crude leaping more than 7% after Iran’s state-affiliated media reported that Tehran is…
Middle East1 week agoCeasefire Talks Trigger the Biggest Weekly Collapse in Brent Oil Price in Two MonthsBrent crude is heading for its biggest weekly drop in two months as markets bet on a 60-day ceasefire extension…
Middle East2 weeks agoIEA Forecasts a $3.4 Trillion Energy Investment BoomGlobal energy investment is set to jump to $3.4 trillion this year, the International Energy Agency said today, noting that…
Middle East2 weeks agoFirst Two LNG Carriers and a Supertanker Cross the Hormuz Since the Conflict BeganTwo liquefied natural gas carriers and a supertanker have traversed the Strait of Hormuz over the past couple of days,…
Middle East2 weeks agoWood Wins Offshore Pipeline and Umbilical Engineering Contract with COOEC for QatarEnergy’s Bul Hanine FieldUK engineering group Wood has been awarded a contract by China Offshore Oil Engineering Company (COOEC) to deliver a scope…
Middle East2 weeks agoWood Wins Detailed Design Contract for QatarEnergy’s $4bn Bul Hanine EPIC2 Subsea Pipeline NetworkWood has secured a contract from the China Offshore Oil Engineering Company (COOEC) to undertake detailed design work for QatarEnergy’s…
Middle East3 weeks agoSaudi Arabia Forced to Boost Fuel Oil Imports as Gas Output DipsSaudi Arabia is importing more fuel oil than before, to use in power generation as its natural gas production reverses…
