EnQuest has signed a production sharing contract (PSC) for the Cendramas block offshore Malaysia, marking its entry into Southeast Asia.The agreement, awarded by Petronas through Malaysia Petroleum Management, will see EnQuest hold a 25% participating interest via its affiliate EnQuest Petroleum Production Malaysia.
Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.
The Philippines has received an assurance from Iran that it will allow the safe passage of Philippine-flagged vessels, fuel and Filipino seafarers through the Strait of Hormuz
Bahrain's effort to secure a U.N. resolution to authorise "all necessary means" to protect commercial shipping in and around the Strait of Hormuz ran into new obstacles on Wednesday
Oil and gas producer Energean is spending about $10 million a month to keep its shut-in Israeli offshore operations on standby, and its more than $1 billion Katlan project will be delayed if the
The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the
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