EU Considers Lower Energy Taxes as Hormuz Crisis Drives Costs Higher | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Apr 13, 2026, 9:30 AM CDT The European Commission is preparing to adopt next week a policy paper to recommend lowering...Continue Reading
Eco Atlantic has farmed down a 60% interest in its Namibia offshore exploration licenses to bp, transferring operatorship as part of a deal to advance exploration in the Walvis basin. SourceContinue Reading
The Strait of Hormuz Crisis Exposes a Fatal Flaw in Economic Thinking | OilPrice.com Kurt Cobb Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment. His work has also appeared in The Christian Science… More Info Premium Content By Kurt Cobb – Apr 13, 2026, 9:00 AM CDT...Continue Reading
Oil prices jumped more than 7% back above $100 a barrel as the U.S. moved to block ships sailing through the Strait of Hormuz in a bid to throttle Iran’s oil exports. Brent crude for June delivery was up 7.1% to trade at $101.64 per barrel at 8.05 am ET on Monday, while WTI crude...Continue Reading
OPEC oil output fell by nearly 8 million bpd in March, the largest drop on record, as the Iran war and Strait of Hormuz disruption curtailed exports from key Gulf producers. SourceContinue Reading
ABL and Petroleum Marine Services (PMS) have signed an MoU to provide offshore rig moving, marine assurance and risk services in Egypt, supporting drilling operations in the Red Sea and Gulf of Suez. SourceContinue Reading
CoreMarine and Jumbo Offshore have secured a contract to install soft-yoke mooring systems and perform hook-up of FLNG vessels offshore Argentina, supporting the country’s growing gas export infrastructure. SourceContinue Reading
TotalEnergies and TPAO have signed an exploration MoU to jointly assess oil and gas opportunities in Türkiye’s Black Sea and international regions, expanding collaboration in offshore exploration. SourceContinue Reading
TotalEnergies Strikes Oil and Gas at Congo’s Moho License | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Apr 13, 2026, 8:30 AM CDT TotalEnergies has found oil and gas on a license which it has been developing offshore the Republic...Continue Reading
Saudi Oil Exports to China Set to Halve as War Upends Supply and Prices | 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 – Apr 13, 2026, 7:30 AM CDT Saudi Arabia...Continue Reading
