LATEST ENERGY NEWS

The agreement forms part of a broader package of eight bilateral deals covering transport, railways, and legal cooperation.

The signing ceremony was attended by Karim Badawi and Mohamed Arkab, highlighting the importance of bilateral energy cooperation.

The oil project is partnered with Petronas and ​EOG Resources.

The search for alternatives to the nearly 20 percent of global hydrocarbons that transited the Strait of Hormuz is intensifying.

Marathon approved an additional $5 billion share repurchase ​program, bringing the total remaining authorization to about $8.6 billion.

The 160-km offshore pipeline will connect production platforms to onshore facilities at Tuzla, forming a critical part of the project’s infrastructure.

Major shippers include Cenovus Energy and Canadian Natural Resources Ltd, reflecting strong industry demand for additional export capacity.

Asia is most heavily dependent on the Gulf's oil production ​and refineries, with Europe likely to be affected next, Wirth said.

Williams ⁠posted an adjusted profit of $0.73 per share for the three months ended March 31, compared with analysts' expectations of $0.62 per share, ⁠according ​to data compiled by LSEG.

Output at the Kashagan field rose 9% in April to 414,000 bpd, while production at another major field, Karachaganak, increased 6% to 250,600 bpd.

The national average price of gas pushed higher Monday to $4.46 per gallon, as oil futures rose again after three days of declines, increasing the direct cost to consumers of the war with Iran.