Energean has commissioned the second oil train on its Energean Power FPSO, increasing liquids processing capacity at the Karish and Karish North fields offshore Israel from 18,000 to 31,000 bpd.
Two Saudi crude tankers reversed course in the Red Sea after Houthi threats raised security concerns, highlighting growing risks to a key oil shipping route as regional tensions escalate.
ADNOC has approved a $6.2 billion final investment decision for the Umm Shaif Gas Cap project, targeting more than 600 million cubic feet per day of new natural gas production and supporting the UAE's growing LNG portfolio.
Ship-to-ship oil transfers in the Gulf of Oman have declined following recent Iranian attacks on commercial vessels, signaling renewed challenges for crude exports through the Strait of Hormuz despite ongoing U.S.-supported transit efforts.
A new agreement between Iraq and Syria could pave the way for a Mediterranean crude oil export pipeline backed by an international consortium that includes Chevron, opening an alternative route for regional energy exports.
A drone attack damaged an Exxon-chartered tanker near the Caspian Pipeline Consortium's Black Sea export terminal, disrupting loading operations at a key outlet for Kazakhstan's crude exports.
Middle East crude prices strengthened after Iran attacked UAE oil tankers, raising concerns over Strait of Hormuz shipping, tightening prompt supplies and prompting Asian refiners to seek alternative crude sources.
Türkiye has launched development of a 101-kilometer subsea natural gas pipeline connecting the country with Northern Cyprus, a project aimed at improving energy security and supporting future regional gas flows.
Oil prices climbed more than 4% after President Donald Trump announced the U.S. would reinstate a naval blockade on Iran, renewing concerns over crude and LNG shipments through the Strait of Hormuz.
Iran launched strikes against U.S. military targets in Gulf states as tensions around the Strait of Hormuz continued to disrupt shipping and raise concerns over global oil and LNG supplies.
Turkey and Iraq are preparing to extend their crude oil pipeline agreement for another 12 months, ensuring continued exports through the Ceyhan terminal as the current deal nears expiration.
A Qatari LNG tanker remains stranded off Oman after a projectile strike sparked an engine room fire, raising fresh concerns over LNG shipping and security near the Strait of Hormuz.
Trump declared the interim Iran war accord "over" after new Iranian strikes, sending oil prices higher and renewing concerns over shipping through the Strait of Hormuz.
The IEA forecasts global natural gas demand will decline 0.5% in 2026 as LNG supply disruptions, higher prices and the ongoing effects of the Middle East conflict keep global gas markets under pressure.
MidOcean Energy has secured a $1.13 billion investment from an Abu Dhabi investment firm, strengthening its global LNG platform while launching a strategic partnership with EIG to pursue future energy infrastructure opportunities.
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