Oil and Gas

HomeOil and Gas

Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

Qatar LNG Shipment Crosses Strait Of Hormuz As Regional Tensions Ease

A Qatar LNG shipment successfully sailed through the Strait of Hormuz aboard the LNG carrier Disha. The voyage signals a possible improvement in regional maritime activity after...

Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

More News

Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

Baghdad, Iraq: Iraq’s financial revenues exceeded $23.6 billion during the first four months of 2026, according to the Ministry of Finance. The figures highlight...

Qatar LNG Shipment Crosses Strait Of Hormuz As Regional Tensions Ease

A Qatar LNG shipment successfully sailed through the Strait of Hormuz aboard the LNG carrier Disha. The voyage signals a possible improvement in regional maritime activity after...

Explore more

Gulf States Slash Oil Production by 6.7 Million BPD Amid Strait of Hormuz Crisis

Global oil markets faced a historic shock Tuesday as Bloomberg reported that Iraq, Saudi Arabia, the UAE, and Kuwait have collectively cut production by...

Aramco Halts World’s Largest Offshore Fields Amid Conflict

Global supply shock risks surged Tuesday as Saudi Aramco shuttered four of its most productive offshore oilfields. The state-owned giant suspended operations at Safaniya,...

Kuwait Triggers Force Majeure as Regional Conflict Escalates

Global energy shock risks reached a critical level as the Kuwait Petroleum Corporation (KPC) declared force majeure on its group operations. The state-owned giant...

Iraq’s Oil Fields Shut Amid War Escalation, Global Markets on Edge

Global oil supply experienced a significant disruption on Monday as multinational energy corporations initiated emergency evacuations from southern Iraq. Major service firms, including Halliburton,...

Saudi Arabia Offers Rare Spot Crude Amid Hormuz Freeze

Global oil crisis conditions worsened Monday as Saudi Arabia took the unusual step of offering crude on the spot market. This move follows the...

Weekly Oil Exports to the U.S. Dip as Iraqi Shipments Fall, EIA Data Shows

Weekly oil exports recently dipped as the United States adjusted its global energy intake from major partners. New data from the U.S. Energy Information...

Hormuz Crisis Triggers Global Supply Chain Shock and Energy Fears

Military targets threaten Persian Gulf ports. In addition, the Strait of Hormuz is effectively closed, causing fuel prices and shipping rates to surge. Shipping companies...

Gulf Oil Crisis Intensifies As Kuwait Halts Exports And Prices Surge

Gulf oil crisis escalates as Kuwait began cutting crude production after storage tanks approached capacity. Officials say very large crude carriers cannot transport oil...

Oil Shock Rattles Global Markets as Middle East Tensions Escalate

Oil shock impact hit global markets this week as tensions in the Middle East intensified. Investors in Asia sold off tech stocks sharply. Meanwhile,...

Global Shipping Faces Rising Costs and Uncertainty Amid Gulf War Risk

War risk shock is rippling through global energy markets as insurers retreat from Gulf waters. Shipowners now face soaring costs and rising uncertainty. War...

Rising Gulf Tensions Heighten Concern Over Oil Flow Through Hormuz

Strait closure risk dominates global energy discussions as tensions rise in the Gulf. Consequently, oil flows and trade routes face growing uncertainty. Meanwhile, governments...

Iran Oil Crisis Could Push Prices to $100

Iran oil crisis is sending shockwaves through global energy markets as tensions escalate between Washington and Tehran. Traders are closely monitoring developments, fearing potential...