Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday…
Kuwait Petroleum Corporation began cutting oil output on Saturday and declared force majeure, adding to earlier oil and gas reductions from Iraq and Qatar as the U.S.-Iran war blocked shipments from the Middle East for the eighth consecutive day…
The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth.Against the surging greenback, the euro EUR= and sterling GBP= were down roughly 1% in Asia…
Brazilian state-run oil firm Petrobras posted a net profit of 15.6 billion reais ($2.96 billion) for the fourth quarter and plans to distribute 8.1 billion reais in interest on equity for the period, it said in separate filings on Thursday.The…
A Quick Q&A with Port of the Future Founder and Event Director Kevin Clement on key differentiators and the value of attending, exhibiting and speaking at Port of the Future 2026:CLICK HERE to discover the conference line-up and to register for Port of the Future 2026 in Houston…
QatarEnergy has declared Force Majeure to its affected buyers, following the decision to stop the production of liquefied natural gas (LNG) and associated products as a consequence of Israel-U.S. war with Iran.“QatarEnergy values its relationships…
Malaysia’s oil and gas services firm Velesto has secured two contracts from Sabah Shell Petroleum Company (SSPC), a subsidiary of Shell, to support its deepwater operations offshore Sabah in Malaysia.The contracts were awarded to Velesto’s subsidiary…
Asia depends on oil and gas from the Middle East, sourcing 60% of its crude from the region, making it highly vulnerable if the Iran war causes a prolonged closure of the Strait of Hormuz supply route.How Much Middle Eastern Oil Does Asia Import…
India began rationing natural gas on Tuesday while countries around Asia looked to the spot market to replace supplies, activated emergency plans and prepared to step up production, as the conflict in the Middle East curtailed shipping and halted Qatari output…
China is the world's largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran.But the opposite is most likely the case…
After a softer 2025, floater backlog is strengthening for 2026 and beyond, driven by early contracting, strong South American demand, and a growing pipeline of 2027+ programs.By the close of 2025, total floating rig backlog days had fallen 25% compared with 2024…
Asia Pacific’s upstream sector heads into 2026 with a combination of near-term project delivery and high-impact frontier drilling. A wave of large offshore gas schemes is moving towards FID or first production, just as a new set of wildcats tests unproven deepwater plays…
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