The U.S. plans to insure and escort oil tankers through the Strait of Hormuz as the conflict with Iran disrupts shipping in one of the world’s most critical energy chokepoints, through which roughly one-fifth of global oil supplies normally transit. SourceContinue Reading
Subsea7 has named Seaway7 CEO Stuart Fitzgerald as its next chief executive, succeeding John Evans upon his retirement in June 2026, as the offshore engineering firm prepares for its planned merger with Saipem. SourceContinue Reading
Norway says its natural gas production is already near full capacity, limiting its ability to offset supply disruptions after Qatar shut down the world’s largest LNG export facility, sending European gas prices sharply higher. SourceContinue Reading
A sustained disruption to Strait of Hormuz transit could push Brent toward $110 and tighten global LNG markets, EY-Parthenon warns. While a short-lived escalation may produce only temporary price spikes, a prolonged interruption could trigger a major supply shock and recession risk. SourceContinue Reading
Flowco has completed its $200 million acquisition of Valiant Artificial Lift Solutions, expanding its ESP and production optimization capabilities across the Permian and other key U.S. basins. SourceContinue Reading
Enverus warns that escalating Strait of Hormuz risks could remove up to 14 MMbpd of crude and 20% of global LNG from trade flows, potentially pushing Brent prices sharply higher if disruptions persist. SourceContinue Reading
Argentina has expanded its RIGI tax incentive program to include Vaca Muerta shale oil wells, a move expected to accelerate upstream investment and boost development returns by up to 12%, according to analysts. SourceContinue Reading
Energy infrastructure across the Gulf is under mounting pressure as refinery outages, drone strikes and a near-total halt in Strait of Hormuz tanker traffic drive Brent above $83/b. An analyst warns that refined products — not crude — may face the greatest volatility if disruptions persist. SourceContinue Reading
Drone debris triggered a major fire at the Fujairah oil storage and export hub in the UAE, disrupting terminal operations and highlighting risks to Gulf crude flows outside the Strait of Hormuz. SourceContinue Reading
