Suriname’s Delayed Oil Boom Is Finally Ready for Takeoff | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – May 12, 2026, 11:00 AM CDT Suriname’s offshore oil...Continue Reading

An Iraqi oil supertanker reversed course near the U.S. naval blockade line in the Strait of Hormuz as commercial shipping traffic through the critical energy chokepoint remained severely restricted amid escalating tensions between Washington and Tehran. SourceContinue Reading

Asia’s Major LNG Importers Japan and Korea Turn to Coal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 12, 2026, 10:30 AM CDT Spiking LNG prices and reduced supply from the Middle East have prompted Japan and South Korea to raise coal power generation...Continue Reading

Global Supply Shock Reignites Oil Exploration Boom | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – May 12, 2026, 10:00 AM CDT Major energy firms, including SLB, Baker Hughes, and ExxonMobil say the...Continue Reading

Qatar Asks Vessels at Key LNG Port To Go Dark for Safety | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 12, 2026, 9:30 AM CDT Qatar has requested LNG vessels near its Ras Laffan LNG port to switch off their transponders as part of...Continue Reading

Diplomacy Falters as Hormuz Crisis Edges Toward Escalation | 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 – May 12, 2026, 9:00 AM CDT Trump rejected Iran’s latest...Continue Reading

OEG has secured a multi-million-dollar long-term contract extension to support offshore drilling operations in Australia’s Bass Strait, including the supply, maintenance and servicing of certified offshore cargo carrying units through the expected end of field life in 2036. SourceContinue Reading

Etu Energias and partners successfully completed the Espadarte 7ST2 appraisal well in Angola’s Lower Congo basin, with initial testing delivering stabilized production rates between 2,000 and 2,500 bopd and confirming multiple productive reservoir intervals offshore. SourceContinue Reading

Brazil’s Oil Exports to China Double as Iran War Upends Crude Flows | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 12, 2026, 8:30 AM CDT Brazil more than doubled the volume of its oil exports to China, with export values also nearly doubling, in...Continue Reading

Modi’s Fuel Price Freeze Is Costing State Retailers Billions | 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 – May 12, 2026, 7:30 AM CDT India may have to eventually reckon with...Continue Reading