Oil and Gas
Pakistan pays record premium for oil imports following Hormuz crisis
Pakistan records historic premiums on oil imports due to tensions in Hormuz and the global energy market.
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Oil and Gas
Iran Orders Closure of the Strait of Hormuz Following Gunfire on Commercial Vessels
Iran blocks the Strait of Hormuz following armed incidents against commercial vessels on a key route for global energy supply.
Oil and Gas
OKEA sells stake in license PL1119 to Japex Norge for $30 million
The company is transferring its stake in license PL1119 for $30 million to optimize its capital and focus its strategic operations.
Oil and Gas
VAALCO Energy reaches 4,850 barrels per day with the Etame 14H well following the reactivation of the FPSO Baobab
The operator reaches 4,850 barrels per day at the Etame 14H well and confirms the return of the FPSO Baobab to Ivorian waters.
Oil and Gas
Jadestone Energy signs gas sales agreement with PV Gas in Vietnam
The company formalizes the supply of 80 MMscf/d of gas from offshore fields to strengthen Vietnam's energy and economic infrastructure.
Oil and Gas
Astro Offshore adds the Astro Atlas for ultra-deepwater operations
The vessel can operate at depths exceeding 3,000 meters.
Oil and Gas
OPEC+ evaluates production increase amid global oil deficit
This scenario has increased the pressure on major producers to react quickly.
Oil and Gas
ExxonMobil accelerates production amid global oil deficit
The decision comes amidst unprecedented disruption in the global energy system.
Oil and Gas
Global energy crisis: Hormuz halts 20% of the world’s oil
The International Energy Agency has described this event as the largest energy crisis in modern history
Oil and Gas
Global oil supply falls by 10 MMbpd in a historic shock
The impact is not limited to production.
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