Norway’s energy major Equinor has extended key drilling and well services contracts worth a combined NOK 17 billion ($1.8 billion), reinforcing activity on the Norwegian continental shelf as the company targets production of around 1.2 million barrels of oil equivalent per day...
Fujairah oil zone hit by fire after drone attack as UAE says it intercepted Iran missiles Reuters Fujairah oil zone hit by fire after drone attack as UAE says it intercepted Iran missiles Reuters
Equinor has extended $1.8 billion worth of drilling and well services supplier contracts as the Norwegian energy major looks to keep high oil and gas production offshore Norway and deliver stable energy volumes to Europe. Equinor has extended $1.8 billion worth of drilling
Oil: Two-sided supply risks shape price path – BNY BNY’s Bob Savage highlights that Oil remains driven by conflicting forces, with U.S. escort plans in the Strait of Hormuz initially knocking prices lower before renewed attacks lifted them... Oil: Two-sided supply risks sh
Brent Oil outlook: Brent price rises on fresh tensions in the Middle East Brent oil jumped on Monday on raising tensions in the Middle East as the US announced the start of operation to open the Strait of Hormuz while Iran claims hitting one of the US warships that attempted to...</strong
President Donald Trump may soon feel the need to "blockade" U. President Donald Trump may soon feel the need to "blockade" U. S. crude oil exports after those exports hit a record high recently, a trend which, if it continues, will increase the price U. S. consumers
The United Arab Emirates has not directed at anyone its decision to leave OPEC and the broader OPEC+ alliance, Sultan al Jaber, the chief executive of Abu Dhabi’s national oil company ADNOC, said on Monday. “The United Arab Emirates' sovereign decision to reposition itself...
I would be interested to see the math on Bessent's calculation on how many barrels are missing. I would be interested to see the math on Bessent's calculation on how many barrels are missing. The outlines of it are usually that 20 mbpd goes through the Strait of Hormuz dai
UAE quits OPEC: The cartel’s grip on Oil just weakened The UAE’s decision to leave OPEC is more than a policy shift. UAE quits OPEC: The cartel’s grip on Oil just weakened The UAE’s decision to leave OPEC is more than a policy shift. It is a signal that one of the cartel’s
Oil prices rallied again on Monday morning after Iran’s Fars news agency reported that two missiles struck a U.S. Oil prices rallied again on Monday morning after Iran’s Fars news agency reported that two missiles struck a U.S. Navy vessel near Jask Island on the Gulf of O