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Australia’s Energy Minister Heads to Saudi Arabia for Pipeline Answers

Australian Energy Minister Chris Bowen will travel to Saudi Arabia next week to meet with Saudi Energy Minister, Prince Abdulaziz bin Salman, and get the latest updates on the state of operations and oil supply after the Kingdom shut down the East-West pipeline following drone attacks late last week. Bowen will meet with Prince Abdulaziz

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Indonesia Eyes Guyana and Suriname Oil Investments for Energy Security

Indonesia’s national energy company Pertamina is considering upstream investments in Guyana and Suriname to diversify Indonesia’s oil and gas supply and boost energy security, the Indonesian government has said. “Pertamina has already initiated exploratory discussions on cooperation in exploration and investment in the upstream oil and gas sectors of Guyana and Suriname,” Grata Endah Werdaningtyas,

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UK Oil and Gas Group Says Earlier Tax Shift Could Raise £14.9 Billion

A new fiscal regime in the UK from 2027 could deliver an additional £14.9 billion, or $20 billion, to Britain’s revenues, the leading offshore industry group said in its annual Economic Report, calling on the Burnham government to bring forward the tax change planned for 2030. Offshore Energies UK (OEUK) wants the Oil and Gas

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Saudi Oil Pipeline Repairs Could Take Weeks After Drone Attack

Last week’s drone attacks on Saudi Arabia’s key East-West oil pipeline have caused damage that could take weeks to repair, potentially significantly cutting the disrupted crude oil flows from the Middle East. Saudi Arabia was forced to temporarily shut down the East-West oil pipeline following drone attacks launched from the territory of Iraq close to the

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Oil Prices Rise on Saudi Pipeline Outage and Rising Red Sea Risks

Oil prices continued to rise early on Tuesday, rallying by 1.7% in Asian trade, as the Iran-backed Houthis in Yemen are expanding their control over the west coast along the Red Sea, while the attacks on a key Saudi onshore oil pipeline triggered concerns about additional disruptions to already severely disrupted oil supply from the

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Wealthy Investors Flock To Oil & Gas Assets Amid Energy Crisis

The U.S. and global economies have continued to mint high-net-worth individuals at a historic clip, with wealth intelligence firm Altrata noting that the combined wealth of the world’s billionaires jumped 12.8% Y/Y to a record $15.1 trillion in 2025. The ranks of the “Three Comma Club” hit a record 3,795 people as the AI boom

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Brent at $108: Gulf States Halt Hormuz Talks as Houthis Strike Saudi Airbase

Gulf states called off Monday’s planned meeting with Iran on reopening the Strait of Hormuz the same day Yemen’s Houthis fired dozens of missiles and drones at Saudi Arabia’s King Khalid airbase in Khamis Mushait, calling it retaliation for more than 300 Saudi airstrikes on Yemen in five days. A Friday drone attack Riyadh blamed

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