What The Endgame in Gaza Means For Middle East Security And Oil Prices | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – May 12, 2025, 11:00 AM...Continue Reading

Höegh Evi has signed a 10-year time charter agreement with Egyptian Natural Gas Holding Company (EGAS) for the deployment of Hoegh Gandria as a floating storage and regasification unit (FSRU) in Egypt. SourceContinue Reading

NRG Energy to Buy $12 Billion Worth of Assets Amid Power Demand Supercycle | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 12, 2025, 10:30 AM CDT NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power...Continue Reading

Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. SourceContinue Reading

TWMA* has secured a contract with bp to provide drilling waste management services in the UK North Sea. The scope of work will utilize TWMA’s RotoMill** technology for the safe and efficient processing of drilling waste directly at the wellsite. SourceContinue Reading

U.S. House Republicans have introduced the Budget Reconciliation Bill, which will include funding to begin refilling the Strategic Petroleum Reserve (SPR)—a key promise of President Donald Trump. The bill proposes $1.321 billion to acquire, by purchase, petroleum products for storage in the Strategic Petroleum Reserve, and another $218 million for maintenance of, including repairs to,...Continue Reading

China Bolsters Export Controls on Critical Minerals | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 12, 2025, 9:30 AM CDT China is bolstering export controls on the entire supply chain of critical minerals as it seeks to keep its dominant position in the sector....Continue Reading

The momentum sparked by the U.S.-China tariff reduction agreement fueled gains across the energy sector, with major oil companies posting significant advances. Marathon Petroleum led the pack, surging 5.73%, followed closely by ConocoPhillips at 5.63%. Chevron saw a solid 3.09% increase, while BP gained 2.32%. European majors also joined the rally, with Equinor up 1.52%,...Continue Reading

Egypt to Boost LNG Imports as Soaring Demand Outpaces Local Supply | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 12, 2025, 8:30 AM CDT State firm Egyptian Natural Gas Holding Company (EGAS) has signed a 10-year agreement with Hoegh Evi to have it deploy...Continue Reading

Morgan Stanley Predicts Slump in Big Oil Profits | 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, 2025, 7:18 AM CDT Earnings at the biggest international oil companies are...Continue Reading