Category: Offshore Drilling and Exploration

Saudi Aramco Profit Jumps Despite Damaging Attacks on Pipelines and Refineries

The New York Times – Business:
Saudi Arabia’s state-owned oil company posted a 9 percent increase in third-quarter profit on Tuesday.
How a Little-Known Company Dominated the Persian Gulf Oil Trade

The New York Times – Business:
South Korea’s Sinokor controls about half the tanker transits through the Strait of Hormuz, benefiting from a big bet just before the war in Iran started.
Britain Approves New Gas Drilling in the North Sea

The New York Times – Business:
The project will lessen the country’s dependence on imported energy, though environmental advocates say it undercuts a pledge to reduce carbon emissions.
Britain Is Said to Approve New Gas Drilling in the North Sea

The New York Times – Business:
Jackdaw, a natural gas field off the coast of Scotland, would be the first new gas extraction project in the North Sea since a government moratorium in 2024.
Britain Is Said to Approve New Gas Drilling in the North Sea

The New York Times – Business:
Jackdaw, a natural gas field off the coast of Scotland, would be the first new gas extraction project in the North Sea since a government moratorium in 2024.
To Drill or Not to Drill? Britain Nears Decision on Aging North Sea Oil Fields.

The New York Times – Business:
Britain is considering expanding fossil fuel production at the risk of undermining its climate goals.
BP Puts Its North Sea Drilling Business Up for Sale

The New York Times – Business:
The plans are part of the energy giant’s efforts to streamline operations, but BP has deep roots in the region.
Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap

The New York Times – Business:
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
What the U.S. Blockade Means for Iran’s Economy

The New York Times – Business:
Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.
U.S. Gas Prices Hit $4 a Gallon on Average

The New York Times – Business:
A month since the first U.S.-Israeli attacks and Iran’s response effectively shut off Persian Gulf oil, drivers are paying significantly more to fill up.
Oil Prices Keep Climbing on Heightened Fears Over Energy Supplies

The New York Times – Business:
Attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for oil and gas prices.
Iran’s South Pars Gas Field Is Attacked, Sending Energy Prices Soaring

The New York Times – Business:
The field is part of a vast gas reservoir shared by Iran and Qatar. The strike appeared to be one of the most significant attacks on an energy site since the U.S.-Israeli air war against Iran began.