China has proposed a large offshore logistics platform powered by nuclear energy that would function as both a cargo transfer hub and a refuelling/charging centre for ships, according to the South China Morning Post. The concept, unveiled by Jiangnan Shipyard, combines port infrastructure, energy generation, and cargo handling into a single floating facility aimed at...Continue Reading

Hormuz Shutdown Forces Malaysia to Overhaul Crude Supply Chain | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 10, 2026, 11:30 AM CDT Malaysia is looking to diversify its crude sourcing with supply from the U.S., South America, and Africa as the Hormuz crisis has...Continue Reading

UK Economy Set to Shrink as Iran Energy Shock Hits Growth | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jun 10, 2026, 11:00 AM CDT Economists...Continue Reading

EnQuest has agreed to acquire interests in four offshore Malaysia production-sharing contracts for up to $833 million, adding approximately 57,400 boed of production and increasing group reserves by 85% as it expands its Southeast Asia portfolio. SourceContinue Reading

An oil tanker linked to previous Iranian crude shipments reported a fire while transiting the Gulf of Oman, prompting responses from maritime security agencies and raising fresh concerns about shipping security near the Strait of Hormuz. SourceContinue Reading

EnQuest Bets $833 Million on Malaysia’s Offshore Oil | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 10, 2026, 10:30 AM CDT EnQuest PLC has agreed to buy interests in four production sharing contracts offshore Malaysia from local state firm Petronas for up to $833...Continue Reading

APA Corporation has agreed to acquire Savant Alaska for approximately $70 million, securing strategic North Slope infrastructure, including the Badami production facility and Nutaaq Pipeline, as it advances exploration and appraisal activities in Alaska. SourceContinue Reading

Petrobras has agreed to acquire a 50% interest in the offshore Itaimbezinho exploration block in Brazil’s Campos basin, expanding its partnership with Equinor and strengthening its exploration portfolio in one of the country’s key offshore regions. SourceContinue Reading

Crude oil inventories in the United States decreased by 7.2 million barrels during the week ending June 5, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 426.5 million barrels, according to government data, which is now 5% below the five-year average for this...Continue Reading

EU Moves Against Russian LNG Shipping As Arctic Gas Imports Surge | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 10, 2026, 9:30 AM CDT Brussels is proposing new restrictions on Russia’s LNG shipping sector even as Europe remains the primary destination for Russian Arctic...Continue Reading