Oil prices unphased by Iran’s assault on Israel as Brent turns lower
Oil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
Oil shrugged off Iran’s unprecedented attack on Israel, with prices easing on speculation that the conflict would remain contained.
By BloombergFresh violence erupted in a Kurdish city in western Iran and reports emerged of oil workers joining nationwide protests that have spread since the death of a 22-year-old woman last month in the custody of the nation’s so-called “morality police.”
Israel has approved “certain testing procedures” for Energean, allowing the company to begin tests as its Karish gas field.
Adnoc Offshore has awarded a $1.53 billion contract to the company’s Adnoc Drilling unit.
Energean’s Hermes exploration well has found 7-15 billion cubic metres of gas, encouraging the company on its other prospects and adding another well slot.
Europe has a history of energy policy failures that it is showing few signs of correcting, according to Israeli energy expert Gina Cohen.
The lack of fungibility of the gas market is set to pose a major challenge for Europe in the near term, the heads of Saudi Aramco and Shell agreed today.
Genel Energy has confirmed interim CEO Paul Weir to take over the role for good, with immediate effect.
Capricorn Energy (LON: CNE) has ditched a tie-up with Tullow Oil (LON: TLW), instead unveiling a merger with NewMed Energy (TLV: NWMD).
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million).
Greenpeace International has named ExxonMobil, OMV and TotalEnergies as companies involved in storing crude on the FSO Safer, the ailing ship offshore Yemen.
Oman’s OQ has set out a number of stratagems for the energy transition, but for 2021 emissions increased.
Adnoc Drilling has signed a sale and purchase agreement to buy two more premium jack-up rigs, for $140 million.
Petrofac (LON: PFC) has been awarded a two-year field maintenance services contract extension with ADNOC.
German Chancellor Olaf Scholz has signed agreements on securing new energy supplies during a visit to United Arab Emirates President Sheikh Mohamed bin Zayed.
TotalEnergies has signed up to take a 9.375% stake in Qatar’s next phase of LNG expansion, North Field South (NFS).
ADNOC and Taqa, respectively the national oil and energy companies of Abu Dhabi, have announced financial close on a $3.8bn project for electrification of offshore oil and gas assets in the UAE.
Shell, OQ and TotalEnergies have signed a new contract with Oman on Block 11.
Trillion Energy International’s Uranus rig has arrived on site for drilling offshore Turkey, with the aim of bringing on new gas production by the end of October.
TotalEnergies has completed the sale of an 18% stake in the Sarsang field to ShaMaran, completing its exit from the Iraqi region of Kurdistan.
Adnoc and Eni have held high-level talks on accelerating development at the Ghasha sour gas project, in a bid to increase global supply.
Mubadala Petroleum has changed its name to Mubadala Energy, reflecting the company’s energy transition commitments and its gas-weighted portfolio.
OPEC+ has agreed to cut production by 100,000 barrels per day in October, returning the targeted output to the level of August.
Adnoc Offshore has awarded a $548 million contract on a new main gas line to National Petroleum Construction Co. (NPCC).
Saudi Arabia’s ADES has struck a deal to buy seven jack-ups from Seadrill for $628 million in cash.
Saudi Arabia’s TAQA has struck a deal to buy Al Mansoori Petroleum Services (AMPS) for an undisclosed amount.