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

Washington Walks a Tightrope After Striking Iran | 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 – Jun 10, 2026, 9:00 AM CDT The U.S. targeted Iranian air...Continue Reading

KKR Eyes $6.7 Billion Takeover of Irish Energy Distributor DCC | OilPrice.com Michael Kern What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… More Info Related News By Michael Kern – Jun 10, 2026, 8:30 AM CDT A consortium...Continue Reading

Solar Tops Coal in U.S. Power Mix for the First Month Ever | 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 – Jun 10, 2026, 7:30 AM CDT...Continue Reading