BP Weighs Egyptian Gas Asset Sale in Restructuring Drive | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – May 15, 2026, 9:30 AM CDT Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas...Continue Reading

The government will make it illegal to grant new oil and gas licences in the North Sea, the King said at the state opening of Parliament, in a sign ministers are refusing to buckle in the face of a barrage of criticism that the policy is depriving the UK of billions of pounds in tax...Continue Reading

Velesto Energy has secured its first asset-light offshore drilling contract from Hibiscus Oil & Gas Malaysia, covering jackup rig services for plug and abandonment and exploration wells offshore Malaysia. SourceContinue Reading

Perenco UK has restarted production from the Davy gas field in the Southern North Sea after more than five years offline, bringing approximately 14 MMscf/d back into production through the Bacton terminal. SourceContinue Reading

India’s Trade Deficit Jumps as Energy Import Prices Soar | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 15, 2026, 8:30 AM CDT India’s trade deficit widened in April by more than analysts had expected as the surge in oil and gas prices hiked the...Continue Reading

India Signs LPG and Strategic Oil Reserves Deal with UAE | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 15, 2026, 7:30 AM CDT India on Friday signed a strategic...Continue Reading

ADNOC to Double Hormuz-Bypass Export Capacity With New Pipeline in 2027 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 15, 2026, 6:30 AM CDT The Abu Dhabi national oil...Continue Reading

By Editorial Dept – May 15, 2026, 6:30 AM CDT Gulf shipping, Iraqi trade access, Chinese infrastructure expansion, and US-Iran military escalation are now concentrated around a new, narrow stretch of water near Kuwait’s Bubiyan Island, which is the target of intensifying gaming.  This week, Kuwait formally accused IRGC-linked operatives of attempting an armed infiltration...Continue Reading

Netanyahu’s Coalition Fractures as Israel Edges Toward Early Elections | OilPrice.com Premium Content By Editorial Dept – May 15, 2026, 6:30 AM CDT Politics, Geopolitics & Conflict Thursday was the first day of the Trump-Xi summit, which most of the world is awaiting with bated breath as some indication of a Chinese-supported end to the...Continue Reading

Oil Prices Surge as Hormuz Shutdown Keeps Supply Fears Alive | OilPrice.com Premium Content By Editorial Dept – May 15, 2026, 6:30 AM CDT Crude oil prices rallied hard this week as traders focused on the growing supply threat tied to the U.S.-Iran conflict. July WTI crude oil futures settled Thursday at $97.91, gaining $6.79,...Continue Reading