Oil and Gas
Saipem prepares the JSD6000 for the Neptun Deep project
The JSD6000 combines S-Lay and J-Lay pipe-laying modes with a 5,200-ton heavy-lift crane.
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Oil and Gas
Saudi Aramco China: exports fall to a record low
The volume represents one of the lowest levels on record for Saudi supply to the world’s largest oil importer.
Oil and Gas
Oil prices fall 3% after suspension of attacks on Iran
Oil prices fell nearly 3% after the suspension of attacks against Iran, reducing the geopolitical risk premium and putting pressure on Brent and WTI.
Oil and Gas
Fuel Supply to Europe: 140,000 bpd via Red Sea
The move demonstrates that Saudi Arabia has operational alternative infrastructure to sustain its export commitments.
Oil and Gas
USA overtakes Saudi Arabia and Russia and consolidates its global energy power
USA recorded oil and fuel exports of 10.5 MMbpd in May 2026, simultaneously surpassing Saudi Arabia and Russia to become the world’s largest oil…
Oil and Gas
Oil Market: Brent at $92 Despite Hormuz Crisis
Traders and analysts from three major investment banks agree that structural uncertainty prevents a deeper correction.
Oil and Gas
Global oil inventories fuel bullish expectations
Global oil inventories post sharp declines in the U.S. and Asia, strengthening bullish expectations in the energy market.
Oil and Gas
LNG Cargoes in Hormuz: 12 Vessels Depart Despite Crisis
The LNG carriers Lebrethah and Rasheeda, operated by QatarEnergy, and the vessel Marigold, from ADNOC, reappeared outside the Strait bound for Pakistan, India, and…
Oil and Gas
SLB and PDVSA Finalize Digital Transformation Agreement in Venezuela
The purpose of the MoU is to modernize the Venezuelan oil and gas industry through digital technology.
Oil and Gas
Petrobras buys 50% of Itaimbezinho to expand its exploration
Petrobras expands its offshore presence in Brazil with the purchase of 50% of the Itaimbezinho exploration block.
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