Saudi Arabia is increasing fuel oil use at power plants as tightening natural gas supplies reshape fuel demand and complicate the kingdom’s long-term energy transition plans.
Thailand is accelerating talks for long-term U.S. LNG supplies as disruptions in Qatar reshape global trade flows and intensify competition for reliable export capacity.
Wood will design 25 subsea pipelines for QatarEnergy’s Bul Hanine redevelopment project offshore Qatar as part of efforts to expand production and extend field life.
Turkey’s BOTAS and Italy’s Edison signed an agreement to explore LNG supply opportunities and a potential hydrogen-compatible gas interconnector between the two countries.
The UAE said its new crude oil pipeline bypassing the Strait of Hormuz is already 50% complete as ADNOC accelerates the project toward a planned 2027 startup.
ConocoPhillips said delays tied to Qatar’s massive LNG expansion projects are expected to last months rather than years despite damage linked to the regional conflict.
A new feasibility study is evaluating a proposed deepwater oil pipeline between the UAE and India as regional energy security concerns intensify around the Strait of Hormuz.
The International Energy Agency (IEA) warned global oil inventories are falling rapidly as the Iran conflict and Strait of Hormuz disruption tighten crude supplies worldwide.
The UAE is accelerating construction of a new Fujairah oil pipeline aimed at sharply increasing export capacity while reducing reliance on the Strait of Hormuz.
The Trump administration is weighing emergency measures, including a federal gas tax suspension, as the Iran war continues driving fuel prices higher across the United States.
Saudi Arabia’s crude exports to China are expected to fall to record lows in June as elevated oil prices and ongoing Hormuz disruptions weigh on Asian demand.
Iraq and Pakistan reached separate agreements with Iran to move crude oil and LNG through the Strait of Hormuz as regional energy disruptions continue.
Saudi Aramco said its East-West crude pipeline reached full 7 MMbpd capacity as the company rerouted exports during ongoing Strait of Hormuz disruptions.
Oil prices climbed more than 3% after President Trump rejected Iran’s latest response to a U.S. proposal, fueling new concerns over Strait of Hormuz supply disruptions.
The IEA says the Middle East conflict could remove about 120 Bcm of LNG supply from global markets through 2030, tightening gas balances worldwide.
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