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Gulf
Energy Security
Divers Identify Broken Pipeline as Source of Gulf Oil Spill
Divers at the site of an ongoing oil spill that appeared in the Gulf of Mexico after Hurricane Ida have identified the apparent source as one-foot diameter pipe…
Energy Security
Rush to Contain Large Oil Spill in Gulf of Mexico After Storm Ida
Clean-up crews and the US Coast Guard are trying to locate the source of an oil spill spotted in the Gulf of Mexico after deadly Hurricane Ida.
Oil & Gas Supply
Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd
The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and…
Energy Investment
Pakistan Invests $305 million to Explore for Oil in UAE’s Persian Gulf
The United Arab Emirates awarded an oil concession to companies from Pakistan for the first time.
Libya
Libyan Firm Stops Oil Production On Lack Of Funds
The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money
LNG
McDermotts’ CB&I Wins More Philippines LNG Work
McDermott International’s CB&I Storage Solutions will provide the engineering, procurement and construction work for a second storage tank at Atlantic Gulf and…
Oil Price
Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…
Oman
Incident with Multiple Tankers in Gulf of Oman Raises Concerns in Oil Market
The status of at least four tankers in the Gulf of Oman is uncertain and another was reportedly hijacked by gunman believed to be from Iran.
Oil Field
Shell Greenlights Gulf of Mexico 'Whale' Oilfield Project
Royal Dutch Shell announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ord…
Crude Oil
Iran Opens New Oil Terminal in Bid to Bypass Crucial Strait of Hormuz for Exports
Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Stra…
Oil Price
Oil Prices Drop After Saudi-UAE Reach Output Compromise
The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will…
Oil & Gas Trade
Saudi, Oman Call for Continued Oil Cooperation Between OPEC and Allies
Saudi Arabia and Oman called on Monday for continued cooperation between OPEC and other allied producers to stabilise and balance the oil market.
Oil Price
Video: Oil Prices Pushed Up By Rivalry Between Saudi Arabia & UAE, Why Are These Two Gulf Nations Sparring?
A public rift between the UAE & Saudi Arabia over oil production quotas has led to soaring oil prices.
Oil Field
Lukoil to Operate Offshore Area 4 Project in Gulf of Mexico
PJSC LUKOIL announced the entry into an agreement to acquire the 50% operator interest in the Area 4 project in Mexico through the acquisition of the operator’…
Solar Company
LONGi Dominates Thailand Market as 182mm Module Leader
LONGi, the world’s most valuable PV technology manufacturer, has announced that its partnership with leading project developers such as Gulf and Green Yellow f…
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