Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attract up to $50 billion in investment and revive long-delayed developments.Nigeria has…
Leaking crude oil from a tanker grounded off a nature reserve in Oman has created a slick covering almost 400 square kilometres, the country's government said on Monday.The Caroline Bezengi is loaded with close to one million barrels of Russian…
Oil is continuing to flow from the wreck of a Russian dark fleet Suezmax, the Cameroon-flagged Caroline Bezengi (IMO 9224439), beached on rocks off Jazirat Al Qibliyyah on the Dhofar coast of Oman.
The U.S. Navy's blockade on Iranian seaports is having the desired effect, according to maritime tracking consultancy Windward. The loading terminals at Iran's primary oil port have gone quiet for more than a week, and there is little sign that…
Brazilian energy company Petrobras reported net income of BRL52.4 billion ($10.4 billion) for the second quarter of 2026, up 97 per cent from the corresponding period of 2025.
Oil prices rose by more than $3 a barrel on Thursday on news that an Iranian parliament committee is reviewing a bill that would ban US and Israeli vessels from the Strait of Hormuz and fine violators up to a…
