ABL has secured a contract to support installation of Papua New Guinea’s first offshore floating storage and offloading (FSO) facility, a key milestone for the country’s offshore oil infrastructure. SourceContinue Reading

The Trump administration is weighing whether to extend access to some Chinese rare earth materials beyond the January 1, 2027 cutoff after U.S. producers acknowledged they cannot build sufficient domestic processing and magnet capacity before the deadline, Reuters reported on Monday. Industry executives and Pentagon suppliers told Reuters that U.S. processing and magnet manufacturing capacity...Continue Reading

Indian Refinery MRPL Bars Crude Suppliers From Hormuz, Red Sea Routes | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jul 27, 2026, 9:30 AM CDT India’s Mangalore Refinery and Petrochemicals Ltd. (MRPL) has become the first Indian refinery...Continue Reading

DOF Group will sell four platform supply vessels and acquire two new construction support vessels as part of its fleet optimization strategy, while also declaring a constructive total loss on the Skandi Amazonas following its grounding off Brazil. SourceContinue Reading

Sir Ian Wood, the visionary entrepreneur who built Wood Group into a global engineering leader and helped shape the North Sea oil and gas industry, has died at the age of 84, leaving a legacy that continues to influence offshore energy and UK regulation. SourceContinue Reading

Temporary Calm in Iran Conflict Masks Risk of Broader Middle East War | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jul 27, 2026, 9:00 AM CDT...Continue Reading

Russia Says Fuel Crisis Is Easing as Refineries Restart | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 27, 2026, 8:30 AM CDT The fuel crisis in Russia has started to ease in recent days as some refineries have restarted operations, Russia’s Deputy Prime Minister...Continue Reading

Houthi Threats Force Saudi Crude Tanker Onto Suez Route To Asia | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Jul 27, 2026, 7:30 AM CDT The...Continue Reading

Gasoline in Australia Jumps to Highest Level Since March | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Jul 27, 2026, 6:30 AM CDT Fuel prices in...Continue Reading

Irish Energy Distributor Agrees to $7.7 Billion Takeover by KKR-Led Consortium | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 27, 2026, 5:45 AM CDT Irish energy distributor DCC Energy has agreed to be taken over by a consortium led by private equity heavyweight KKR...Continue Reading