Industry News

Iran said there had been 'major progress' in all-night discussions with the US, as the warring sides try to reach a peace deal within two months.

Braskem, the heavily indebted Brazilian petrochemical giant seeking an extrajudicial recovery, is continuing its push to increase production even as prices fall in the wake of the peace deal between the U.S. and Iran.

Scatec's Obelisk solar and battery storage project in Egypt can save the country as much as $400 million a year in liquefied natural gas imports, according to CEO Terje Pilskog.

Oil prices rose as delayed US-Iran negotiations and slower tanker traffic through Hormuz renewed supply concerns.

Iran delayed the start of negotiations over a permanent peace deal with the US after fighting intensified in southern Lebanon.

Vitol is supplying diesel to Zambia via exclusive access to a pipeline that lasts through September, in an emergency arrangement the International Monetary Fund has urged authorities to end.

Venture Global executed new agreements to supply about 0.82 million metric tons per annum of U.S. liquefied natural gas for 5 years to Germany's EnBW.

'The project will increase ethane export capacity at Nederland by 240,000 barrels per day, along with 55,000 bpd of additional LPG capacity'.

Expected to begin production 2027, the Jotun FPSO tieback project will develop 86 million barrels of oil equivalent gross proven and probable reserves.

The U.S. Energy Information Administration raised its U.S. crude oil production forecast for 2026 and 2027 in its latest short term energy outlook.

Repsol signed a new deal with Venezuela's Hydrocarbons Ministry and state-owned PdVSA 'to assess the potential development' of a new area southeast of Lake Maracaibo and near the Spanish company's existing portfolio in the South American country.

'The increased focus on energy security and energy affordability has shifted the energy policy landscape across the globe'.

The U.S. and Iran have postponed the start of their negotiations over a permanent peace deal and restricting the Islamic Republic's nuclear program.

Markets expect Middle East oil flows to recover, though analysts warn supply risks remain.

A growing stream of stranded oil is making its way out of the Strait of Hormuz while empty Iranian vessels rush in, as the U.S.-Iran interim peace deal sparks one of the biggest days of activity since the conflict began.

Zululand Energy Terminal, being developed as South Africa's first receiving terminal for liquefied natural gas, announced a preliminary agreement for ExxonMobil to supply LNG to the facility.

The owner of the Santa Ynez Unit in California launched a marketing process for a senior secured term loan with a principal amount of up to $1 billion.

The majority state-owned energy major plans 6-8 tieback projects offshore Norway each year.

Russia's capital faced a record air attack overnight, with drones reaching the Moscow Oil Refinery, disrupting airport operations and forcing closure of several major roads in and around the city.

The South African state-owned utility continues to register improvements in electricity supply reliability as winter demand escalates, reporting nearly 400 consecutive days without power interruptions from mid-May.