Shipping in the Strait of Hormuz has stalled after Iran reversed course and threatened vessels, raising risks to global oil flows and complicating U.S.-Iran peace negotiations. SourceContinue Reading
Iran’s reopening of the Strait of Hormuz eased oil prices at the end of a volatile week, but markets remain on edge as shipping flows and ceasefire stability come into focus. SourceContinue Reading
Energy NL has appointed a new board of directors following its AGM, with leadership set to guide Newfoundland and Labrador’s offshore energy sector and local industry participation. SourceContinue Reading
Texas upstream employment slipped early this year, but hiring demand remains strong, with more than 8,500 job postings in February, according to TIPRO. SourceContinue Reading
Iran says the Strait of Hormuz is open again during a Lebanon ceasefire, sending oil prices sharply lower. The move could ease supply pressures—if the truce holds. SourceContinue Reading
Kazakhstan has upheld a $5 billion environmental fine against operators of the Kashagan oil field, intensifying a legal dispute over sulfur storage and project compliance. SourceContinue Reading
Talos Energy founder Tim Duncan is backing a new oil company that has entered the Gulf of Mexico with its first acquisition. The deal brings in former Goldman Sachs analyst Jeff Currie as the venture targets offshore production growth. SourceContinue Reading
The White House is pressing U.S. oil producers to increase output as a global supply shock unfolds. But with uncertainty over how long disruptions will last, companies remain cautious on new drilling. SourceContinue Reading
Namibia is accelerating petroleum law reforms to strengthen investment conditions and support offshore development in the Orange basin as the country moves toward first oil. SourceContinue Reading
Oil shipments through the Strait of Hormuz are slowing as producers and tanker owners clash over who bears transit risk. The standoff is driving freight rates higher and adding pressure to already strained global supply flows. SourceContinue Reading
