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Global tanker operators and shipping authorities have taken decisive action, even without an official closure of the Strait of Hormuz, amid escalating tension between Israel and Iran. Their public statements, route shifts, and risk assessments are reshaping freight scheduling, insurance premiums, and–most significantly–energy market sentiment in real time.
Olympus Energy wants to drill six wells on a single pad in rural Elizabeth Township, a borough in Allegheny County, on the east bank of the Monongahela River. The pad would sit about 2,400 feet (nearly half a mile) away from Elizabeth Forward High School. Some parents of students and members of the administration pushed.
Oil prices are likely to remain capped below $80 per barrel despite the escalating Israel-Iran conflict, research firm Rystad Energy said on Monday, as Iran and Israel continue to trade strikes with the escalation now in its fourth day. “Based on our earlier disruption simulations, we see oil prices capped below $80 per barrel,” Mukesh Sahdev, Rystad Energy’s Global Head of Commodities Markets – Oil, said in a market update, carried by Africa Oil+Gas Report.
In the ongoing effort to improve the profitability of energy production and delivery while mitigating the risks, companies are incorporating artificial intelligence (AI) to drive more powerful, effective analytics. This technological leap is critical as the industry navigates evolving demands, embraces new sources, and strives for greater efficiency, reliability, and sustainability.
Oil prices dropped nearly 4% on Monday, erasing much of last week's conflict-driven gains, as traders reacted to signs of easing tensions between Israel and Iran. The reversal came sharply after a Wall Street Journal report indicated that Iran is urgently signaling its desire to halt hostilities and resume negotiations over its nuclear program. Brent crude fell approximately 3.65% to trade near $75.50 per barrel, while U.S.
Last week, for the seventh week in a row, the Baker Hughes U.S. rig count dropped, down another four rigs to its lowest level since November 2021. The national rig count is in free fall at this point, with no end in sight. However, the Marcellus/Utica count remained the same, at a combined 36 active.
Canada’s new Prime Minister Mark Carney faces his first real challenge to Canadian unity amid a soured relationship with the long-time trade partner and ally, the United States. A movement to secede from Canada is growing in the oil-rich province of Alberta, which contributes a large part to Canadian economy and budget and has the highest gross domestic product (GDP) per capita among Canadian provinces.
If you’ve spent any time in the oilfield services industry, you know it’s a cyclical business. When times are good, you’re on speed dial for work. When times are tight, you’re the first to feel it. And right now, with so much uncertainty in the market, profitability becomes the top priority to sustain your business. The question is, how do you stay profitable during this uncertain time ?
If you’ve spent any time in the oilfield services industry, you know it’s a cyclical business. When times are good, you’re on speed dial for work. When times are tight, you’re the first to feel it. And right now, with so much uncertainty in the market, profitability becomes the top priority to sustain your business. The question is, how do you stay profitable during this uncertain time ?
As the European Union seeks to end its dependency on Russian energy, the European Commission is set to propose this week a ban on new contracts for natural gas supply with Russia on the basis of trade law, which needs a majority vote approval instead of a unanimous EU call. EU companies will be banned from signing new contracts for Russian gas, based on trade law, which is aimed at sidestepping vetoes from Hungary and Slovakia, the Financial Times reported on Monday, quoting a summary of the pr
As the Oilholic hopped across from Doha to Abu Dhabi on Monday it became evident that a further (read dramatic) spike in oil prices was not going to materialize. It was helped in no small part by a report in the Wall Street Journal claiming that the Iranians - battered by precision Israeli bombing that began on Friday - were keen to get back to the negotiating table to end hostilities and resume discussions over its nuclear program.
Iraq’s crude oil exports to the United States surged past 5 million barrels in May, marking Baghdad’s highest monthly volume to U.S. refiners so far this year, according to Iraqi News. The surge reflects sustained U.S. appetite for heavier Middle Eastern grades, with Iraqi crude averaging between 160,000 and 190,000 barrels per day last month. As OPEC+ maintains voluntary output curbs and U.S. shale growth moderates, Iraq has solidified its position among Washington’s top five crude suppliers.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce that it has signed the concession contract for the Kiskunhalas Concession Area (the “KCA”) with the Hungarian Ministry of Energy.
Nuclear power in the U.S. has been relatively flat for the past 25 years. It is technologically viable, environmentally friendly, yet politically unpopular and economically uncompetitive. But there is new cause for optimism. A new federal push to modernize and expand nuclear energy is breathing fresh life into the long-dormant uranium sector. And that could have important implications for investors looking to position ahead of what might become a structural shift in American energy policy.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, Acquisitions & Divestitures Bankruptcy Return of Capital Earnings Capital Markets ESG/Corporate Responsibility Commodities Economy Energy Transiti
Uranium enrichment is a pivotal process within the global energy landscape and holds significant geopolitical implications. It is a critical step in preparing uranium for use, whether as fuel for nuclear power plants that generate electricity or, in highly concentrated forms, for nuclear weapons. Understanding uranium enrichment is essential for anyone following developments in alternative energy production, international security, and the complex balance of global power.
Nearly 4GWh! EVE Energy and Two Others Announce New Energy Storage Orders Recently,severaldomesticandinternationalcompanieshaveannouncedupdatesregardingnewenergystorageorders,withacombineddisclosedcapacityofapproximately4GWh.
OPEC’s crude oil production rose by 180,000 barrels per day (bpd) to 27 million bpd in May, with producers part of the OPEC+ agreement raising output by much less than the 411,000 bpd headline hike planned for last month as some members compensated for past overproduction. The five OPEC members that have pledged cuts in the OPEC+ agreement – Saudi Arabia, Iraq, UAE, Kuwait, and Algeria – and are now gradually unwinding these cuts had to raise their combined output by 310,000 bpd in May.
Pennsylvania’s community colleges stand to be big winners in the data center sweepstakes. In January, MDN brought you the news that TECfusions, based in Tampa, Florida, had purchased 1,395 acres in Upper Burrell (Westmoreland County), PA, for a groundbreaking data center project called TECfusions Keystone Connect (see Massive 3 GW Gas-Fired AI/Data Center Coming to.
In the last 25 years, China has gone from providing less than 2 percent of Latin America’s exports to being the second largest trade partner for the region and the single biggest trade partner of South America. This skyrocketing trade relation comes on the back of China’s ambitious Belt and Road global infrastructure initiative, and gives Beijing enormous influence in critical emerging markets.
Natural gas keeps the lights on, heats homes and fuels local jobs across the Philadelphia region. That message was front and center during last week’s hearing of the Consumer Protection, Technology & Utilities Committee, where testimony underscored how essential this resource is to southeastern Pennsylvania’s energy reliability, affordability and economy.
Managers and owners of oil tankers are wary of offering their vessels for routes around the Middle East as the intensifying conflict between Israel and Iran increases fears of disruption to oil flows. Since Friday, when Israel launched a coordinated attack on Iranian nuclear sites, there have been few offers for producers and traders that want to book tankers to ship crude from the Gulf, anonymous shipbrokers and charterers told Bloomberg on Monday.
Integrated Solar and Energy Storage: APsystems Revises Fundraising Project Plans OnJune16,APsystems(SH:688348)announcedthatitsBoardofDirectorshadapprovedtheproposaltitled“OnAddingImplementationContentandLocations,andAdjustingtheCon.
Three tankers are reportedly on fire in the Gulf of Oman, according to social media posts, as cited by the Hindustan Times. Kpler energy analyst Amena Bakr said on X that a British maritime security provider had reported it was aware of an unspecified incident in the area. An outlet for shipping news published a YouTube video saying two tankers had collided in the Gulf of Oman.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, Acquisitions & Divestitures Bankruptcy Return of Capital Earnings Capital Markets ESG/Corporate Responsibility Commodities Economy Energy Transiti
With rising geopolitical tensions and soaring demand for rare earth elements, the UK must invest in midstream critical mineral processing to reduce reliance on China and secure its defence, energy, and technology sectors, says Nitesh Shah I have over 30 years’ experience across commodities, mining and advanced materials –watching as the UK and the West first externalised their critical mineral supply chains to China – and then over the past few years rush to regain control of these essential ass
Buyers are attracted to Shell’s LNG Canada project because it uses the Canadian Alberta Energy Company (AECO) price index as a benchmark, which is lower than the Henry Hub price in the U.S., the company’s chief executive said on Tuesday.
As the confrontation between Israel and Iran intensifies, global oil and gas markets are on high alert—but not yet in crisis mode. While crude prices have edged higher, they remain well below panic thresholds, reflecting market confidence that core supply infrastructure remains intact. OPEC+ output increases and the absence of direct strikes on Iran’s major export terminals have helped temper volatility.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, Acquisitions & Divestitures Bankruptcy Return of Capital Earnings Capital Markets ESG/Corporate Responsibility Commodities Economy Energy Transiti
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, Acquisitions & Divestitures Bankruptcy Return of Capital Earnings Capital Markets ESG/Corporate Responsibility Commodities Economy Energy Transiti
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, Acquisitions & Divestitures Bankruptcy Return of Capital Earnings Capital Markets ESG/Corporate Responsibility Commodities Economy Energy Transiti
Canadian oil producer MEG Energy on Monday urged its shareholders to reject a nearly C$6 billion ($4.42 billion) hostile takeover offer from Strathcona Resources, calling the bid inadequate and not in their best interest.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, Acquisitions & Divestitures Bankruptcy Return of Capital Earnings Capital Markets ESG/Corporate Responsibility Commodities Economy Energy Transiti
In today’s fast-paced and competitive workplace, expertise and competence are important, but they alone won’t guarantee your success. Often, it’s something far less tangible that determines whether you advance or stay stuck: likeability. Whether you’re aiming to climb the corporate ladder , gain recognition or build meaningful relationships, being likable at work is the secret weapon that can open doors and create opportunities.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, Acquisitions & Divestitures Bankruptcy Return of Capital Earnings Capital Markets ESG/Corporate Responsibility Commodities Economy Energy Transiti
The 35-year dream of widening the Corpus Christi Ship Channel and deepening it to 54 feet from the old 47 feet is at long last a reality. The $625 million project also has spurred marine-terminal owners in Corpus Christi and Ingleside to undertake — or at least consider — major dock and dredging projects that would enable them to make full use of the deeper 30-mile channel.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, Acquisitions & Divestitures Bankruptcy Return of Capital Earnings Capital Markets ESG/Corporate Responsibility Commodities Economy Energy Transiti
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