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TotalEnergies Eyes Black Sea Exploration with Türkiye’s TPAO

7 hours ago

TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding to cooperate on oil and gas exploration.The agreement establishes a framework for technical collaboration, including joint assessment of exploration opportunities in Türkiye’s Black Sea region as well as internationally.'We are pleased to launch this cooperation with TPAO, leveraging the technical…

IEA Cuts Oil Demand, Supply Outlook Amid Iran War

7 hours ago

The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows and weighs on the global economy.The IEA now sees global oil demand falling by 80…

Philippines Seeks US Extension to Buy Russian Oil

8 hours ago

The Philippines' Secretary of Energy Sharon Garin on Tuesday said the country has asked the United States to extend a waiver to purchase Russian oil and petroleum products.Garin said the government is optimistic about extending the waiver which expired on April 11…

Borr Drilling Expects Higher Activity as Rigs Return to Work

Apr 13, 2026

Offshore drilling contractor Borr Drilling has informed that several of its rigs in the Middle East are returning to operations following recent disruptions, as the company secures a new contract in Southeast Asia.The company said the Arabia…

Iran-Linked Tankers Sail Through Hormuz Before US Blockade

Apr 13, 2026

Two oil tankers linked to Iran exited the Gulf on Monday via the Strait of Hormuz ahead of a planned U.S. blockade on Iranian ports and coastal areas, shipping data from Kpler and LSEG showed.The tanker Auroura is laden with Iranian oil products…

China Calls for De-Escalation as US Threatens Hormuz Blockade

Apr 13, 2026

China urged calm and restraint by all sides on Monday, following U.S. President Donald Trump's threat to blockade the Strait of Hormuz after the failure of weekend talks in Islamabad aimed at ending the Iran war.Before the war, most Iranian oil exports were shipped to China…

UK Declines to Support US Hormuz Blockade, PM Starmer Says

Apr 13, 2026

British Prime Minister Keir Starmer said on Monday that whatever the pressure, Britain would not be dragged into the Iran war nor be involved in a blockade of the Strait of Hormuz.'We're not supporting the blockade,' he told BBC Radio 5 Live…

Hormuz Crisis Signals New Era of Risk for Gulf Energy

Apr 13, 2026

The Iran war and the closure of the Strait of Hormuz have shattered a status quo that prevailed among Middle East oil and gas producers for decades. Even if the current, shaky ceasefire holds, the uneasy “new normal” has likely set the stage for yet another round of conflict…

Petra Energy Secures Work Orders from Petronas for Sarawak Gas Project

Apr 10, 2026

Malaysia’s Petra Energy has secured work orders worth $75 million (RM 298 million) for services linked to a gas project in Sarawak, Malaysia.The contracts were awarded to Petra Resources, a subsidiary of Petra Energy, by Petronas Carigali under an existing pan-Malaysia offshore services agreement…

Middle East Producers Gear Up for Hormuz Export Restart

Apr 10, 2026

Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of shipping through the Strait of Hormuz, three sources with knowledge of the matter said…

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Apr 09, 2026

Israel's energy ministry said on Thursday that it had instructed Energean to begin resuming operations at the Karish natural gas platform off Israel's Mediterranean coast following the U.S. ceasefire with Iran.The platform has been closed since February 28…

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Apr 09, 2026

Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT…

Glencore, Taiwan’s CPC Charter Tankers as Hormuz Reopens

Apr 09, 2026

Commodities trader Glencore and Taiwan's state refiner CPC have chartered a tanker each to load Middle Eastern crude for Asia, while vessels in the Gulf are preparing to exit via the Strait of Hormuz, a day after the ceasefire in the U.S.-Iran war…

Sunda, Finder Target Shared Rig for Timor-Leste Offshore Drilling

Apr 08, 2026

Sunda Energy has signed a letter of intent (LoI) with Finder Energy to collaborate on securing a drilling rig for planned offshore campaigns in Timor-Leste.The agreement, signed between Sunda’s subsidiary SundaGas and Finder’s Timor-Leste unit…

France Leads 15-Country Effort to Reopen Strait of Hormuz

Apr 08, 2026

French President Emmanuel Macron said about 15 countries were planning to facilitate the resumption of traffic through the Strait of Hormuz, through which a fifth of the world's oil supply usually flows, after a ceasefire between the United States and Iran was announced…

Current News

TotalEnergies Eyes Black Sea Exploration with Türkiye’s TPAO

TotalEnergies Eyes Black Sea Exploration with Türkiye’s TPAO

IEA Cuts Oil Demand, Supply Outlook Amid Iran War

IEA Cuts Oil Demand, Supply Outlook Amid Iran War

Philippines Seeks US Extension to Buy Russian Oil

Philippines Seeks US Extension to Buy Russian Oil

Borr Drilling Expects Higher Activity as Rigs Return to Work

Borr Drilling Expects Higher Activity as Rigs Return to Work

Iran-Linked Tankers Sail Through Hormuz Before US Blockade

Iran-Linked Tankers Sail Through Hormuz Before US Blockade

China Calls for De-Escalation as US Threatens Hormuz Blockade

China Calls for De-Escalation as US Threatens Hormuz Blockade

Oil Surges Over 7% to Above $102 Ahead of US Hormuz Blockade

Oil Surges Over 7% to Above $102 Ahead of US Hormuz Blockade

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