Venezuela revives idle oil rigs as contract overhaul unlocks stored assets
Oilfield service companies that stored rigs and specialized equipment in Venezuela are starting to assemble and repair them as the government reviews oil and...
Prolonged Iran War Could Trigger Lasting Global Gas Demand Decline
The ongoing energy shock linked to the Iran war has disrupted global oil and gas markets on an unprecedented scale. Since the crisis began...
Druzhba Pipeline Set to Resume Oil Flows, Clearing Path for EU Loan to Ukraine
Energy infrastructure has become a central battleground in the ongoing Russian invasion of Ukraine, with supply routes carrying both economic and political weight. One...
Energy Markets Eye Alternative Routes as Hormuz Risks Escalate
The U. S.-Israeli war with Iran has significantly disrupted oil shipping through the Strait of Hormuz, a key route for oil exports, making it...
Taroom Trough Oil Boom: Real Energy Breakthrough or Overhyped Promise?
Queensland’s Taroom Trough has recently been promoted by political leaders as a potential source of major domestic oil supply, with some describing it as...
Trump warns Iran over ‘blackmail’ as Tehran tightens control of Strait of Hormuz
Iran announced on Saturday that it was tightening control over the Strait of Hormuz, declaring the vital energy route closed once again. This move...
UN Watchdog Warns North Korea Rapidly Expanding Nuclear Weapons Capacity
North Korea has significantly accelerated its nuclear programme, according to the International Atomic Energy Agency.
IAEA chief Rafael Grossi reported increased activity at the country’s...
US Moves to Choke Iran’s Oil Lifeline as Talks Collapse
The United States has announced a sweeping naval blockade of Iranian ports following the collapse of high-stakes negotiations in Islamabad.
The talks marked the first...
Ukraine strikes Russian energy targets again — here’s what’s been hit
Ukraine has intensified its attacks on Russian energy facilities recently, as peace talks show no signs of progress. Several key facilities have been impacted:NORSI,...
Trump: US to step in and help manage Strait of Hormuz congestion
U. S. President Donald Trump announced on Wednesday that the United States will assist in increasing shipping traffic in the Strait of Hormuz.
On Tuesday,...