Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
World's largest heavy lift vessel carries oil platform to Shetland
John Johnston BBC Scotland, Shetland The world's largest lifting vessel has arrived in Shetland carrying a giant North Sea oil platform to be broken up. Allseas's Pioneering Spirit is 1253ft (382m) long and 407ft (124m) wide, with a 5,000 tonne…
World's largest heavy lift vessel carries oil platform to Shetland
The world's largest lifting vessel has arrived in Shetland carrying a giant North Sea oil platform to be broken up. Allseas's Pioneering Spirit is 1253ft (382m) long and 407ft (124m) wide, with a 5,000 tonne crane for lifting the topsides of…
Drill, Burnham, drill? The oil basin that is a totem for Trump - and a headache for Britain's new PM
When oil was first discovered off the north-east coast of Scotland in September 1969, industry folklore has it that the duty superintendent on the rig carefully poured it into a pickle jar commandeered from the canteen and took it back to Amoco's…
Crude Oil Prices, Geopolitical Tensions to Influence Indian Stock Market
Indian stock markets are poised for volatility as analysts highlight crude oil prices and geopolitical developments, particularly the US-Iran conflict, as key factors influencing market movements, alongside crucial insights from the Jackson Hole…
Woodside oil spill plan under fire as approval decision nears
Opponents of Woodside's Browse gas project have accused the energy giant of understating its oil spill risk. The company's modelling of its most 'credible' scenario relies on a technology its competitor rejected. Woodside is seeking both state and…
Hormuz crisis hides a deeper oil threat that could outlast the war
As global attention remains fixed on tankers moving through the Strait of Hormuz, a petroleum geologist is warning that the more consequential energy story may be unfolding thousands of feet underground — and could continue long after any…
US Oil and Gas Workers Drive Production to Record High: Energy Secretary Chris Wright
Washington: US Energy Secretary Chris Wright on Saturday (local time) said American oil and gas workers have pushed production to an all-time high, making the United States the world's largest producer of oil and natural gas. 'American oil and gas…
The Iran war could last 'deep into 2027' as the Strait of Hormuz isn't that closed, allowing more oil to leak out-but major escalation is likely soon
One of the hottest debates in the energy industry right now is how much oil is actually coming out of the Persian Gulf, and the answer could determine how long the Iran war lasts. Iran insists the Strait of Hormuz is closed and that it has control…
How Oil Spills In The Ocean Get Cleaned Up
When thousands of tons of crude oil rupture into the ocean, it turns into a ticking time bomb. Oil has a lower physical density than seawater, causing it to float on the surface. Currents and wave action then spread the toxic sheen across vast…
I Stopped Cooking Chicken in Olive Oil - For the Best Flavor, I Always Swap in This Instead
We independently select these products—if you buy from one of our links, we may earn a commission. All prices were accurate at the time of publishing. As a home cook who cooks and eats more than 95% of her meals at home, I'm super into…
Iran Allows Iraqi Oil Tankers Through Strait of Hormuz
Iran has approved the passage of several Iraqi oil tankers through the Strait of Hormuz after repeated requests from Baghdad, offering limited relief as regional tensions continue to disrupt one of the world's most important energy routes. Iran's…
Somali Pirates Hijack Oil Tanker Off Yemen in Latest Attack
Somali pirates hijacked an oil products tanker off Yemen, a Somali maritime security official said, the latest in a resurgence of piracy that has seen six commercial vessels seized since April across the Gulf of Aden and western Indian Ocean. Six…
More than 100,000 North Sea oil and gas jobs set to disappear by 2050
More than 100,000 jobs are set to vanish in the North Sea oil and gas sector over the next 25 years, according to Labour 's own figures. The loss will represent a fall of 80 per cent between 2024 – when the party won the election –…
How long could global oil stockpiles last if supply disruptions continue?
Natural Gas Slumps Toward 200-Day Moving Average Support By: Bruce Powers | April 14, 2025 🔸 Natural gas broke to $3.31 with bearish signals increasing, likely setting up a test of multi-indicator support around the 200-Day MA near $3.05.
Chinese oil refiner Sinopec's half-year profit grows 19.3% despite Iran war, falling demand
BEIJING - China's Sinopec reported an unexpected 19.3 per cent year-on-year increase in net profit for the first half of 2026, despite a litany of issues, including the Middle East conflict and falling demand for fuel domestically. But it said it…
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