gas

Strait of Hormuz disruption sends tanker and LNG shipping rates to records as U.S.-Iran tensions spike Global oil and gas shipping costs surged to fresh records as traffic through the Strait of Hormuz slowed to a near standstill after Tehran targeted vessels transiting the key waterway, according to shipping data and industry sources. The choke point between Iran and Oman carries roughly one-fifth of the world’s oil and significant volumes of liquefied natural gas. The strikes on ships, part of Iran’s retaliation to U.S. and…

Oil and gas prices jumped Monday as escalating Iranian strikes across the Middle East snarled shipping lanes, hit energy infrastructure and stoked fresh inflation fears in global markets. European natural gas futures spiked as much as 50% intraday before closing 39% higher after QatarEnergy halted liquefied natural gas production following drone attacks on facilities in Ras Laffan Industrial City, according to the country’s defense ministry. Brent crude briefly touched $82 a barrel after at least three ships were attacked…

Tragedy Strikes in Plateau State: Carbon Monoxide Leak Claims Lives of Miners At least 33 miners have been reported dead in Plateau State following a suspected carbon monoxide leak at a lead and zinc mine operated by Solid Unity Nigeria Ltd. The incident has raised serious questions about safety protocols within Nigeria's mining industry. The toxic gas is believed to have accumulated in poorly ventilated tunnels, leading to a catastrophic collapse of workers who were near the end of their night shift. More than 20…

Slovakia will challenge the European Union’s decision to end imports of Russian natural gas by 2027, Prime Minister Robert Fico said, aligning Bratislava with neighboring Hungary’s plan to sue over the measure. The legal move deepens a rift inside the bloc over how quickly to sever energy ties with Moscow more than two years after Russia’s full-scale invasion of Ukraine. Both Slovakia and Hungary are landlocked central European countries that have maintained close links to the Kremlin and remain heavily reliant on Russian…

Iran forces fire tear gas at Tehran bazaar as protests over soaring prices intensify TEHRAN, Iran — Iranian security forces fired tear gas to disperse demonstrators in and around Tehran’s central bazaar on Tuesday, as protests over the cost of living entered their second week and a rights group said more than two dozen people had been killed in a nationwide crackdown. The Norway-based Iran Human Rights group said at least 27 protesters, including five minors, have been killed by gunfire or other violence by security forces…

After years of silence, Mozambique’s gas dream restarts — but who will pick up the tab? When French energy major TotalEnergies announced it had lifted the force majeure on its liquefied natural gas project off Mozambique’s northern coast, the message was outwardly simple: long-dormant gas operations in the Rovuma Basin are ready to resume. The subtext, however, is far murkier. The four-and-a-half-year pause — driven by an insurgency that convulsed Cabo Delgado — has transformed what was a marquee energy project into a…

The Unyielding Call for Justice: A City Divided by Dissent On a seemingly ordinary day in Abuja, Nigeria’s capital, the air thickens with tension as protesters gather, their chants rising like a storm. Under a veil of clouds and uncertainty, the demonstration unfurls its wings, an echo of a deeper longing for justice and autonomy resonating through the streets. Amid the clamor, one name emerges—Nnamdi Kanu, a polarizing figure whose imprisonment has set aflame a nation’s quest for identity and political agency. The…

Somalia’s Oil Gamble: Promise, Pitfalls and a Narrowing Window In a region where new oil and gas frontiers can redraw maps and fortunes, Somalia has long carried a paradox: abundant potential beneath the ground, and little to show above it. Today, with fresh licenses signed and seismic boats in the water, the country stands at another inflection point. The question is not whether hydrocarbons lie under Somali soil and sea—the geological hints are there—but whether the politics, contracts and institutions can finally bring…

MOGADISHU, Somalia - The forthcoming oil and gas explorations in Somalia promise to transform the country's economic landscape, according to Alparslan Bayraktar, the Turkish Energy Minister. He emphasized the huge advantages awaiting Somalia once this ambitious endeavor reaches its fruition. Alparslan shared his vision for the future, predicting that numerous international corporations will jump on board, significantly invigorating Somalia's economy, which has faced formidable challenges for over thirty years. The…

Alparslan Bayraktar, Türkiye's Energy Minister, shared his thoughts on the nation’s significant oil and gas exploration ventures in Somalia. He labeled the efforts as transformative and hinted that global corporations might want to jump on board with these ventures moving forward. Recently, the Turkish research vessel, Oruç Reis, made its way to Somalia. It's geared up to conduct in-depth seismic explorations to uncover potential reserves of oil and natural gas. During the vessel's reception at the bustling Port of…