Gas and oil sites are among the most vital and high-risk pieces of critical infrastructure. This is especially true for the Mena region, which produces 30 per cent of the global oil supply and 17 per cent of the global gas supply, while having to account for active security risks and vulnerabilities that most of the world never considers.
Oil prices fell below $100 a barrel this morning (April 14) over signs of new US-Iran dialogue to end their war. Brent crude was at $97.8 in early trade, while US WTI crude was at $96.83.
CoreMarine and Jumbo Offshore won a contract from Southern Energy to transport, install, and connect soft-yoke moorings and FLNG vessels Hilli Episeyo and MKII in Argentina’s Golfo San Matías, boosting gas exports with consortium support.
TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) signed an MoU to collaborate on exploration, enabling joint technical assessments of opportunities in Türkiye’s Black Sea region.
Opec lowered its forecast for world oil demand in the second quarter by 500,000 barrels per day, the producer group's monthly oil report showed in its first public assessment of the Iran war's impact on the market.
German energy giant E.ON expects electricity and gas prices to continue climbing over the long term as a result of ongoing tensions in the Middle East, according to senior company officials.
European gas prices have surged following rising tensions in the Middle East, as failed ceasefire talks between Iran and the US unsettle global energy markets.
deVere Group CEO Nigel Green warns that closing the Strait of Hormuz would trigger a sharp oil price surge beyond previous spikes and cause intensified market volatility as blockade risks become more plausible.
An Irena brief says renewables are improving energy security during the crisis by reducing fossil fuel dependence, with record capacity growth, falling costs, and battery-backed wind and solar delivering cheaper, more resilient 24/7 power.
Masar Petroleum announced a Block 7 discovery at Hasirah Ridge in Oman after drilling a new well, validating a 5km-wide, 30km-long geological trend and unlocking potential resources of 100–380 million barrels.
