Middle East
News
May 29, 2026
Chevron CEO Mike Wirth said multiple vessels transiting the Strait of Hormuz were attacked this week, highlighting persistent security risks for oil shipping even as the United States and Iran move closer to a potential ceasefire agreement.
News
May 28, 2026
The U.S. and Iran have reportedly reached a tentative agreement to extend their ceasefire by 60 days and continue negotiations over Tehran's nuclear program and the Strait of Hormuz, though final approval from President Trump remains pending.
News
May 28, 2026
Three oil tankers tied to Russia’s shadow fleet were reportedly targeted by drone attacks during ship-to-ship crude transfer operations in the Black Sea near Turkey, highlighting escalating risks to regional oil shipping routes.
News
May 27, 2026
Strohm has secured its first offshore Egypt contract to supply a thermoplastic composite pipe flowline for the West Delta Deep Marine gas development, supporting subsea infrastructure upgrades in nearly 600 m of water.
News
May 27, 2026
President Donald Trump said the U.S. remains dissatisfied with negotiations aimed at ending the conflict with Iran and reopening the Strait of Hormuz, pushing back against earlier Iranian media reports suggesting a deal could soon normalize maritime traffic through the vital waterway.
News
May 27, 2026
Iranian state media reported that maritime traffic through the Strait of Hormuz could return to normal within a month of a proposed U.S.-Iran interim agreement, easing concerns across global oil and LNG markets.
News
May 26, 2026
Oil prices rebounded as renewed military tensions between the U.S. and Iran complicated negotiations aimed at reopening the Strait of Hormuz, prolonging uncertainty across global crude and LNG markets.
News
May 25, 2026
Oil prices fell sharply as U.S. and Iranian officials signaled progress toward a potential agreement to reopen the Strait of Hormuz, easing concerns over global crude and LNG supply disruptions.
News
May 24, 2026
U.S. and Iranian negotiators are reportedly nearing a framework that could reopen the Strait of Hormuz, a critical chokepoint for global oil and LNG trade, though major disagreements over sanctions and uranium enrichment remain unresolved.
News
May 21, 2026
Oceaneering has secured an integrated offshore installation contract for the West Delta Deep Marine gas field development offshore Egypt, including subsea umbilical refurbishment, TCP flowline installation and ROV services.
News
May 21, 2026
ADNOC has deployed an autonomous heavy-duty inspection robot at its Taweelah Gas Compression Plant in the UAE as part of a broader effort to expand AI, robotics and automated safety systems across operations.
News
May 20, 2026
ADNOC and SNF are evaluating expanded enhanced oil recovery activity in the UAE, including potential polymer flooding projects and localized manufacturing of EOR chemicals.
News
May 20, 2026
Iran warned it could retaliate beyond the Middle East if the U.S. or Israel launches new attacks, underscoring continued geopolitical tensions surrounding Tehran’s nuclear program and the ongoing disruption of shipping through the Strait of Hormuz.
News
May 19, 2026
The U.S. Treasury has sanctioned 19 vessels tied to Iranian crude, LPG and petrochemical exports in a major escalation of Washington’s crackdown on Tehran’s shadow fleet and oil revenue networks amid ongoing Hormuz disruptions.
News
May 19, 2026
NATO members are discussing a possible mission to help protect commercial shipping through the Strait of Hormuz if the waterway remains blocked, as ongoing disruption continues pressuring global oil and LNG markets.
News
May 18, 2026
President Donald Trump said he postponed a planned military strike on Iran after appeals from Gulf allies seeking more time for negotiations, easing immediate fears of further disruption to global oil markets.
News
May 18, 2026
McDermott reported first-quarter 2026 revenue of $2.4 billion and a backlog of $17.6 billion as the offshore engineering contractor cited strong project execution and continued operations amid Middle East market uncertainty.
News
May 18, 2026
Satellite imagery shows tanker congestion around Iran’s Kharg Island oil export hub has climbed to its highest level since the U.S. naval blockade began, highlighting growing disruption across Iran’s crude and LPG export system.
News
May 15, 2026
ADNOC has signed new strategic agreements with Indian energy partners covering crude oil storage, LNG and LPG cooperation as the UAE and India deepen long-term energy supply and infrastructure ties.
News
May 17, 2026
The U.S. and Iran remained far apart Sunday on negotiations aimed at ending the conflict and reopening the Strait of Hormuz, while a drone strike near a UAE nuclear facility underscored ongoing security risks across the Gulf region.
News
May 14, 2026
ICIS analyst Kojo Orgle warns that physical oil market tightness could persist for months even after a diplomatic resolution to the Iran war, as aggressive inventory drawdowns and ongoing Strait of Hormuz disruptions continue pressuring global supply chains.
