Houston: Government-owned natural gas company GAIL (India) Ltd has said its LNG carrier ‘Energy Fidelity’ was flagged off from the Sabine Pass terminal of the US, and the vessel is expected to ensure a resilient supply chain of cleaner fuel for the country. The vessel with a carrying capacity of 174,000 cubic meter (cbm) was...
Category: Energy
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Trump warns Iran ‘can’t blackmail us’ as crisis deepens in Strait of Hormuz
Live updates: Iran says Strait of Hormuz has reverted to ‘strict control,’ blames U.S. naval blockadeClosing the Strait of Hormuz was a response to “America’s untrustworthiness,” the head of Iran’s National Security Commission said.
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Chemoshore Energy/ Woodside Energy partnership Restores Drilling to Combat Energy Crisis
Chemoshore Energy, the A++ rated industry leader, has officially resumed drilling operations under a new license name to address a looming global energy crisis.The move is seen as a vital step in stabilizing supply as market demands intensify. The successful restoration is largely attributed to Thomas Horton after a rig explosion 2025.the strategist described as...
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China has so far weathered the historic oil crisis. But as Xi prepares to meet Trump, costs are starting to grow
A group of oil tanks stores imported crude oil at Qingdao Port Crude Oil Terminal in Qingdao, China, on April 12, 2026. Getty ImagesBeijing — China, the world’s largest importer of energy, has so far weathered the global energy shock brought on by war in the Gulf well compared with some of its Asian neighbors. But as global...
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Chevron, Shell to sign agreements for oil, gas areas in Venezuela, sources say
d 17 mins ago Chevron (CVX.N) is expected to sign agreements on Monday to participate in an extra heavy crude block in Venezuela’s main oil region, while returning a gas area that Shell (SHEL.L), is set to operate, three sources close to the preparations said. The agreements are among the first big expansion deals since the U.S. launched a $100...
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Oil tankers steer clear of Hormuz ahead of US blockade
The move followed the collapse of weekend talks between Washington and Tehran, prompting President Donald Trump to say on Sunday the U.S. Navy would enforce a blockade targeting vessels entering and leaving Iranian ports, even as Washington stressed it would not restrict transit through the strait itself. Trump’s announcement effectively slowed oil tanker movements in the strait, with...
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Germany plans $1.9 billion of fuel price relief to tackle energy crisis
April 13, 20268:39 AM GMT+1Updated 58 mins ago BERLIN, April 13 (Reuters) – Germany’s coalition government has agreed fuel price relief for consumers and businesses worth 1.6 billion euros ($1.9 billion), ending a dispute over how to respond to an oil price surge triggered by the Iran war. The energy tax on diesel and petrol will...
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Equinor aims to sell 8% stake in solar energy firm Scatec
Norway’s Equinor (EQNR.OL), opens new tab said on Monday it is contemplating a sale of some 12.9 million shares in Scatec, representing around 8.1% of the solar energy firm’s share capital. Equinor said Brokers Morgan Stanley and Nordea are conducting an accelerated bookbuilding to sell the stake, which represents around half of the oil and energy company’s...
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Saudi Arabia restores full capacity on East-West oil pipeline to 7 million bpd after attacks
CAIRO, April 12 (Reuters) – Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict. The ministry said energy facilities and the pipeline affected by attacks during the conflict have...
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Oil prices stay high despite US temporarily lifting sanctions on Russian oil stranded at sea
A tourist watches the MT Desert Kite oil tanker carrying Russian oil at Narara Marine National Park in the Arabian Sea, Gujarat, India, on March 11, 2026. Amit Dave/Reuters Oil prices traded near their highest level since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne...
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