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Energy

India's Crude Import Bill Climbs 41% as Hormuz Shipping Costs Surge

India experienced a 41% rise in itsCrude OilImportbill due to sharply increased shipping costs linked to the Iran war, with rates from Ras Tanura to India surging by 411% to $4.34 per barrel. This escalation is vital for investors as it alters the cost …

Vinay Lochav | 25 August 2026

Norwegian Exploration Alliance Aims for 20-25 New Targets Over 4 Years

Equinor, Aker BP, and Vår Energi launched a strategic alliance focused on exploring the Norwegian Continental Shelf, targeting 20-25 new exploration wells in the next four years. This collaboration could significantly enhance future energySupplyto Europe and lowerInvestmentrisks for involved parties.Key HighlightsThe alliance focuses on …

Vinay Lochav | 25 August 2026

Tanzania's LNG Gains Favor Amid Regional Tensions, Equinor States

Equinor has indicated that the conflict in Iran has made Tanzania's liquefiedNatural Gas(LNG) projects increasingly attractive as potential energy investments. This development positions Tanzania favorably in the energy market, appealing to investors looking for stable returns amidst global turmoil. The war in Iran has …

Vinay Lochav | 25 August 2026

Gulf Keystone Petroleum Output Halved to 14,600 Barrels Per Day Amid Shutdown

Gulf Keystone Petroleum's first-half production fell to 14,600 barrels per day, a decrease of 66% from last year. Despite this setback, adjusted EBITDA rose 26% to $52 million, driven by higher export prices and lower operating costs, while maintaining a $10 millionInterim Dividendfor shareholders.Key …

Vinay Lochav | 25 August 2026

McDermott Secures $1 Billion Plus EPCI Contract From ADNOC

By enlisting McDermott, ADNOC aims to enhance gas recovery from this important field, a move that holds significant implications for both companies in the energy market, especially amid rising global energy demands. The project reflects ADNOC's strategic focus on maximizing gas output as it …

Vinay Lochav | 25 August 2026

Sinopec's 19.3% Profit Growth Defies Market Challenges

Sinopec's half-year profit surged by 19.3%, indicating a strong financial performance despite adverse conditions such as the ongoing Iran conflict and diminishing oil demand. The company's ability to achieve this impressive profitability is particularly notable given the backdrop of heightened geopolitical tensions that have …

Vinay Lochav | 25 August 2026

US Refiners Brace for Historic Stress Test Amid Global Crisis

Refiners in the United States are confronting an unparalleled stress test stemming from a looming global crisis that is reshaping the energy environment. As geopolitical tensions rise, supply chains are at risk of disruption, putting pressure on refining operations across the nation. Facilities standing …

Vinay Lochav | 25 August 2026

Bloom Energy Surges as Paul Pelosi Commits Up to $12 Million

Bloom Energy Delivers Record $1 Billion Revenue Quarter

Vinay Lochav | 25 August 2026

ExxonMobil's (NYSE: XOM) Pause in Guyana Operations Sparks 1.2% Stock Drop

ExxonMobil has halted operations at its Guyana site following a fire, impacting its share price which fell 1.2% to $162.07. This incident raises concerns about operational continuity and investor confidence in upcoming production milestones.Key HighlightsXOM shares have appreciated 33.8% year-to-date, reflecting strong market performance …

Vinay Lochav | 25 August 2026
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