Chinese Tankers Resume Hormuz Transit Under Iran Coordination
Chinese tankers have reportedly resumed transiting the Strait of Hormuz under Iranian coordination, coinciding with discussions between Presidents Trump and Xi regarding the importance of free energy
How the Hormuz Crisis Is Threatening Taiwan’s Power Grid
Taiwan's heavy reliance on LNG imports, particularly from the Gulf region, makes its power grid vulnerable to disruptions in the Strait of Hormuz. With a signif
OilPrice·May 14
Russia’s Oil Windfall Gets Bigger as Hormuz Stays Shut
The article suggests that Russia is benefiting financially from the disruption of oil flow through the Strait of Hormuz, likely due to a hypothetical Iran war.
OilPrice·May 14
ADES’ 1982-built rig scoops up multimillion-dollar drilling gig in Nigerian waters
ADES Holding Company secured a multimillion-dollar drilling contract in Nigerian waters for its 1982-built jack-up rig. This demonstrates continued demand for o
Offshore Energy·May 14
Delegates Say OPEC+ Has Plan to Complete Series of Quota Hikes
OPEC+ delegates have indicated a commitment to maintaining the current strategy of gradually increasing oil production quotas in the coming months. This suggest
Rigzone·May 14
May 14
BP and SOCAR fortify energy ties
Offshore Energy
May 14
USA Crude Oil Stocks Drop More Than 4MM Barrels WoW
Rigzone
May 14
Worley and Baker Hughes embarking on integrated lower-carbon LNG quest
Offshore Energy
May 14
ENEOS to buy certain Chevron downstream assets in APAC for $2.2bn