King Charles III’s property firm is to invest up to £400m of fresh capital into the UK’s offshore wind supply chain, it has been announced. The Crown Estate has earmarked £350m for investment into the construction of a new port and supply chain infrastructure it said would support “accelerated delivery of UK offshore wind projects.”...Continue Reading

The contract includes a firm commitment to drill two exploration wells, targeting drill-ready prospects that offer significant resource potential and are strategically positioned to unlock synergies with Petronas’ existing operations in Suriname. SourceContinue Reading

DNV’s latest service specification, DNV-SE-0696, provides a structured methodology to de-risk CCUS projects across design, construction, and operation—addressing a key industry need as carbon capture scales globally.   SourceContinue Reading

Iron Ore Prices Plunge to Nine-Month Low | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jun 18, 2025, 1:00 PM CDT Iron ore prices have dropped significantly, reaching a nine-month low, primarily due to weakened steel demand and ongoing economic challenges in...Continue Reading

Oil swung in a turbulent session amid speculation the U.S. may join the Middle East conflict. The oil market’s main concerns are flows from Iran and the threat to vessel traffic in the Strait of Hormuz, through which about a quarter of the world’s crude shipments flow. SourceContinue Reading

Oil and Gas Production Surges in Argentina’s Vaca Muerta Shale | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – Jun 18, 2025, 12:00 PM CDT Argentina’s Vaca...Continue Reading

The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating their taxable income. Companies including ConocoPhillips, Ovintiv Inc. and Civitas Resources, Inc. lobbied in favor of it. SourceContinue Reading

Subsea7 has secured a substantial contract offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of pipeline bundles, spools, protection covers and tie-ins using key vessels from Subsea7’s fleet.  SourceContinue Reading

Canada Could Begin First Pacific LNG Production This Weekend | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 18, 2025, 11:30 AM CDT Canada could produce its first-ever liquefied natural gas (LNG) for export from the Pacific coast as early as this weekend, according to...Continue Reading

The Strait of Hormuz may be one of the most strategically sensitive energy corridors in the world, but the oil market isn’t blinking, yet, with Eni CEO Claudio Descalzi predicting Iran will not be able to afford this option.  Brent’s muted response at around $77 per barrel on Wednesday, signals that traders see the odds...Continue Reading