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UAE Exit Weakens OPEC, Raises Risk of Price War

Apr 29, 2026

The United Arab Emirates’ decision to leave OPEC will sharply diminish the 65-year-old producer group’s influence over the oil market, opening the door to an all‑out price war once Gulf producers rush to regain market share when the Iran war is over…

Technology as Enabler of Energy Security in Offshore Asia

Apr 27, 2026

In recent years, Asia’s offshore sector has regained strategic importance, particularly in countries such as Malaysia, Indonesia and Vietnam, as operators pursue new upstream opportunities while governments seek to strengthen domestic and regional energy security…

SLB, Baker Hughes Expect Oil Spending Rise on Supply Disruptions

Apr 27, 2026

Top oilfield services companies SLB and Baker Hughes said on Friday they expect higher spending on oil exploration and production, as tighter global supplies driven by the Middle East conflict highlight the need for investment, particularly in North America…

Current News

Eni Inks Long-Term Indonesia LNG Supply Agreements

Eni Inks Long-Term Indonesia LNG Supply Agreements

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Indonesia Puts 13 Oil And Gas Blocks on Bidding Round Offer

Indonesia Puts 13 Oil And Gas Blocks on Bidding Round Offer

BP Adds Three Exploration Blocks off Indonesia

BP Adds Three Exploration Blocks off Indonesia

Indonesia Signs Eight Oil and Gas Contracts

Indonesia Signs Eight Oil and Gas Contracts

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Senegal President sacks Prime Minister Sonko and dissolves the government after months' friction
Source: Qatari team to negotiate in Tehran with Iran to end the war.
Investors focus on progress in US-Iran negotiations as stocks climb and yields fall
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