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EIG’s MidOcean Picks Up Additional Australian LNG Stakes from JERA

Mar 12, 2026

MidOcean Energy, an LNG company backed by U.S. energy-focused private equity firm EIG, has agreed to acquire additional Australian liquefied natural gas project stakes from Japan’s JERA, the companies said on Thursday.The transaction covers JERA’s 0…

ABL Gets Work on ExxonMobil’s Seventh Guyana Oil Project

Mar 11, 2026

Energy and marine consultancy ABL has been contracted to provide marine warranty survey services for marine operations and installation activities on ExxonMobil’s Hammerhead development offshore Guyana.The Hammerhead project is expected to be the seventh development in the Stabroek Block…

G7 Holds Off on Oil Reserve Release, Requests IEA Study

Mar 11, 2026

G7 energy ministers stopped short of agreeing on a release of strategic oil reserves on Tuesday and instead asked the International Energy Agency to assess the situation before acting.The IEA said it was convening an extraordinary meeting of its member states on Tuesday…

ExxonMobil Scales Back Middle East Operations, Evacuates Staff

Mar 11, 2026

Exxon Mobil has evacuated non-essential employees from its operations in the Middle East, CEO Darren Woods said in an interview on Tuesday, as the U.S.-Israel war on Iran continues.Some operations have been scaled back to manage oil inventory…

Gulf of Mexico Auction Yields Far Fewer Bids Than First Trump Sale

Mar 11, 2026

The Trump administration's second sale of oil and gas leases in the Gulf of Mexico in three months attracted far less industry interest than the auction it held in December, according to a sale document posted on a government website on Tuesday…

Current News

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

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

Iran Assures Safe Hormuz Transit for Philippine Vessels

Iran Assures Safe Hormuz Transit for Philippine Vessels

EnQuest Enters Malaysia with Cendramas Production Sharing Deal

EnQuest Enters Malaysia with Cendramas Production Sharing Deal

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Energean Warns Prolonged Conflict May Delay $1B Gas Project

Iran War Reshapes Global LNG Trade

Iran War Reshapes Global LNG Trade

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

Drone Strike on Kuwaiti Oil Tanker off Dubai Signals Further Escalation in Gulf

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