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Fire at ONGC's Offshore Platform Injures 10, Operations Normalized

Apr 07, 2026

India’s state-owned oil firm Oil and Natural Gas Limited (ONGC) has contained the fire that broke out at its SHP platform in the Mumbai High offshore field, with multiple workers sustaining minor injuries.The company said the incident occurred at around 17:45 local time on April 6…

CPC Oil Exports via Black Sea Stable After Attack Reports

Apr 07, 2026

Kazakhstan's energy ministry said on Tuesday that oil shipments via the Caspian Pipeline Consortium were stable after Russia's military accused Ukraine of damaging loading facilities belonging to the group in the Black Sea.Russia's Defence Ministry…

Russia’s Yamal LNG Resumes Shipments to China After Months-Long Gap

Apr 07, 2026

Yamal LNG, controlled by Russia's largest liquefied natural gas producer Novatek, has sent its first cargo to China since last November, LSEG data showed on Tuesday, weeks before the gradual enforcement of Europe's ban on Russian LNG imports…

Energy Crisis from War on Iran Deeper Than Widely Assumed

Apr 07, 2026

The U.S. and Israeli war against Iran has been characterised by a series of miscalculations by most of the involved and peripheral parties, but the real danger is the delusion over the scale of the resulting energy crisis.It is delusional of any nation to think that it…

Oil Shoots Over $110 as Trump's Iran Deadline Looms

Apr 07, 2026

Global stocks wavered on Tuesday, while oil prices were perched above $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.Markets have been rattled since the U…

IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined

Apr 07, 2026

The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is 'more serious than the ones in 1973, 1979 and 2022 together', Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro newspaper.'The world…

Oman’s Block 50 Offshore Drilling Ops Pushed to May

Apr 06, 2026

Rex International Holding, via its subsidiary Masirah Oil Limited, has announced that the drilling of three development wells at the Yumna field offshore Oman is now expected to begin in May 2026, later than previously planned.Masirah Oil, which operates Block 50 with a 100% interest…

India Resumes Iranian Oil Imports After Seven-Year Hiatus

Apr 06, 2026

Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday.The world's third-biggest oil importer and consumer, India has not received a cargo from Tehran since May 2019…

Oil Holds Steady as Supply Risks from War Persist

Apr 06, 2026

Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran even as they remained wary about sustained supply losses due to shipping disruptions.Brent crude futures LCOc1 rose 76 cents…

OceanAlpha Shares USV Offerings at Oi26

Apr 05, 2026

Pinestone Shi, General Manager at OceanAlpha, discusses the V180 unmanned surface vessel (USV), designed for deepwater, offshore inspection, maintenance, and repair tasks. Shi also shares insight on the Fire Conqueror USV, designed for maritime fire emergencies, and other vessel offerings.

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Apr 02, 2026

Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.Brent crude futures LCOc1were up $7.65, or 7.6%, to $108.81 per barrel at 0902 GMT…

Iran Assures Safe Hormuz Transit for Philippine Vessels

Apr 02, 2026

The Philippines has received an assurance from Iran that it will allow the safe passage of Philippine-flagged vessels, fuel and Filipino seafarers through the Strait of Hormuz, Manila's foreign ministry said on Thursday.The assurance came after Philippine foreign minister Ma…

EnQuest Enters Malaysia with Cendramas Production Sharing Deal

Apr 02, 2026

EnQuest has signed a production sharing contract (PSC) for the Cendramas block offshore Malaysia, marking its entry into Southeast Asia.The agreement, awarded by Petronas through Malaysia Petroleum Management, will see EnQuest hold a 25% participating…

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Apr 02, 2026

Bahrain's effort to secure a U.N. resolution to authorise 'all necessary means' to protect commercial shipping in and around the Strait of Hormuz ran into new obstacles on Wednesday, underscoring divisions over how to deal with Iran's effective…

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Apr 02, 2026

Oil and gas producer Energean is spending about $10 million a month to keep its shut-in Israeli offshore operations on standby, and its more than $1 billion Katlan project will be delayed if the Iran war lasts beyond May, its CEO told Reuters…

Current News

US-Israel War on Iran Creates Biggest Energy Crisis in History

US-Israel War on Iran Creates Biggest Energy Crisis in History

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Oil Flows to Lag Even if Hormuz Strait Reopens

Oil Flows to Lag Even if Hormuz Strait Reopens

Eni Makes Major Gas Discovery Offshore Indonesia

Eni Makes Major Gas Discovery Offshore Indonesia

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

Pertamina Unit to Operate Indonesia’s Lavender Block under 30-Year PSC

Pertamina Unit to Operate Indonesia’s Lavender Block under 30-Year PSC

MidEast Energy Output Recovery to Take Two Years, IEA Says

MidEast Energy Output Recovery to Take Two Years, IEA Says

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Gold falls to a one-week-low due to tensions between the US and Iran and a stronger dollar
UK accelerates clean-energy to protect from fossil fuel price shocks
Gold falls to a one-week-low due to tensions between the US and Iran, as well as a strong dollar.
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