Trump says US ship downed Iran drone but Tehran denies it
President Donald Trump said the U.S. “immediately destroyed” an Iranian drone that approached the USS Boxer near the Strait of Hormuz, though officials in Tehran denied losing one.
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UK in talks with US to boost protection for Gulf shipping over Iran threat
The U.K. is in talks with the U.S. and other allies about beefing up their military presence in the Persian Gulf to deal with the rising threat to shipping posed by Iran.
Heerema wins construction deal for major US wind project
Dutch contractor Heerema has been awarded a contract to help construct the first major offshore wind project in the US.
North Sea must keep a lid on costs if oil prices rise, industry experts say
The North Sea oil industry must keep a lid on costs if measures taken by Opec and its allies push crude prices much higher, top Aberdeen energy experts have said.
Oil slips as gloomy economic data takes shine off OPEC deal
Oil edged lower as investors weighed troubling economic data from around the world against OPEC’s extension of output cuts into 2020.
Iran uncertainty major factor behind OPEC delay
Uncertainty relating to Iran and the US-China trade war has led volatile oil prices and the postponement of a key OPEC meeting. The recent exchange of words between US and Iranian leaders has not calmed markets.
Oil keeps rising as more US sanctions worsen tension in Gulf
Crude kept rising following its biggest weekly gain since late 2016 after PresidentDonald Trump said he would impose “major additional sanctions” on Iran, exacerbating tensions in the oil-rich Middle East.
Oil heads for weekly rise as US-Iran tensions worsen
Oil in London headed for its biggest weekly gain since February as escalating tensions between the U.S. and Iran fanned fears of conflict that would disrupt energy supplies from the Middle East.
Offshore wind poised for $70bn investment blast Stateside
With offshore supply chain opportunities under the spotlight in Aberdeen this week, it is important to realise that this isn’t just about oil & gas.
‘Virtual pipeline’ delivers its first LNG in US
A business which has pioneered technology for producing LNG without the need for pipelines has delivered its first shipment in the US.
UK backs White House assessment blaming Iran for oil tanker ‘attacks’
Britain is currently backing the US in its assessment that Iran is responsible for suspected attacks on two oil tankers in the Gulf of Oman, the Foreign Secretary has said.
Updated: Crews evacuated as oil tankers targeted near Strait of Hormuz
Two oil tankers near the strategic Strait of Hormuz have reportedly been attacked, leaving one ablaze and adrift as sailors were evacuated from both vessels and the US navy rushed to assist amid heightened tensions between Washington and Tehran.
Report finds sweeping blame and negligence for fatal Oklahoma rig explosion
An independent federal review of a 2018 fatal oil rig explosion in Oklahoma determined there is sweeping blame to be shared by the entire energy sector and government for a woeful lack of oversight and regulations for onshore oil and gas drilling.
US says no change in plans to halt Iranian oil waivers
The U.S. State Department sought to quash speculation that the Trump administration is easing its clampdown on Iranian oil exports after a sanctions waiver program ended May 2, saying there was no softening in the American stance that any country buying Iran’s oil would be subject to penalties.
Big Oil won’t be buying up Permian strugglers
Big Oil probably won’t be buying up the Permian Basin’s struggling independent drillers any time soon.
US energy department rebrands fossil fuels as ‘freedom gas’
The US Department of Energy has appeared to rebrand the country's natural gas as "molecules of freedom".
CEOs descend on Washington demanding carbon price
Top officials from 75 U.S. companies descended on the U.S. Capitol Thursday to try and convince lawmakers to support the creation of a carbon price to reduce greenhouse gas emissions.
Oil jumps as OPEC signals continued cuts and U.S. threatens Iran
Oil started the week strongly after Saudi Arabia and other OPEC+ members signaled intentions to keep supplies constrained for the rest of the year, while U.S. tensions with Iran ratcheted up as President Donald Trump threatened the country in a tweet.
US energy powers ahead
As the global industry assembles in Houston for the Offshore Technology Conference, it will be in the midst of a quiet American revolution.
Huge scale of US shale
Moss Creek Resources recently set a new record for drilling a well in the Permian Basin, the onshore resource that has dramatically transformed the fortunes of the US oil and gas industry.
Saudi Arabia and allies can replace lost Iranian oil, Rystad says
The US said on Monday that it won’t extend the sanctions waivers for eight countries importing crude oil from Iran. The move could remove around 1.1 million barrels per day from the market.
Oil rally wanes as US stockpile signal counters Iran concerns
Oil pulled back from a six-month high as an industry report signaling a gain in U.S. crude inventories partly offset concerns over America’s campaign to halt Iranian exports.
Oil price keeps rising as US vows to scrap Iran sanctions waivers
Oil extended gains after leaping to a six-month high on Monday as the U.S. said it’ll no longer give any buyer of Iranian crude a waiver from sanctions aimed at cutting the OPEC producer’s exports to zero.
Lower fracking prices continue to sting Halliburton in first quarter
Lower prices for hydraulic fracturing services in North America continue to sting Houston-based Halliburton, the second largest oilfield service company in the world.
Updated: US won’t renew sanctions waivers for Iran oil customers, Brent climbs
The Trump administration said it won’t renew waivers that let countries buy Iranian oil without facing U.S. sanctions, a move that roiled energy markets and risks upsetting major importers such as China and India.