All News Offshore Energy · July 17, 2026 (4h ago) · 1 min read Spain-France hydrogen pipeline exits pre-FEED phase en route to final subsea design Read on Offshore Energy Share: Latest Coverage Libya Declares Major Oil Discovery Commercial as Production Revival Gains Pace Libya's National Oil Corporation (NOC) and Austria's OMV have declared the 'Essar' oil discovery in the Sirte Basin commercially viable, marking a significant milestone in the country's efforts to attract foreign investment. This development underscores Libya's resilience and its strategic push to restore crude production to historical levels despite ongoing political fragmentation. For international oil companies, the commercialization of Essar signals that risk-mitigated development is still achievable in the North African state. OilPrice · July 17, 2026 Iran-Linked LPG Tankers Turn Back as U.S. Blockade Tightens A tightening U.S. naval blockade in the Gulf of Oman has forced Iran-linked Liquefied Petroleum Gas (LPG) carriers to abort their planned routes, signaling a highly aggressive enforcement phase of American energy sanctions. The sudden evasive maneuvers of these specialized vessels highlight the growing operational risks for illicit energy supply chains originating in the Persian Gulf. This confrontation elevates maritime security premiums and showcases the direct deployment of military assets to disrupt Tehran's critical hydrocarbon export revenues. OilPrice · July 17, 2026 Oil Prices Set for Biggest Weekly Surge Since April as Iran War Escalates OilPrice · July 17, 2026 China Could Be About to Remove Oil's Biggest Safety Net OilPrice · July 16, 2026 View all news → ← Previous Oil Prices Set for Biggest Weekly Surge Since April as Iran War Escalates Next → Iran-Linked LPG Tankers Turn Back as U.S. Blockade Tightens