Alongside boosting exploration and production offshore its home market Norway, Equinor is pursuing an international growth strategy, aiming to significantly increase its overseas oil and gas output by focusing on fewer but more lucrative regions such as the U.S., Brazil, and Angola. In recent years, Equinor has streamlined and high-graded its portfolio outside Norway, selling assets and positions in Azerbaijan and Nigeria, to name a few. But Equinor has kept and grown its U.S., Brazilian, and Angolan businesses, and plans to keep these growing…

Octopus boss Greg Jackson has called on Andy Burnham to deliver “urgent reform” to the energy market to protect households from “volatile” gas prices. Jackson, founder of the UK’s biggest household electricity supplier, said: “The government’s decision to take VAT off electricity and remove some of the levies from bills has helped soften the blow this winter, but bills are still too high. “Britain remains far too exposed to volatile global gas prices. The wars in Ukraine and Iran have created an unprecedented…

Six months since the Iran war crippled Qatar’s LNG exports via the Strait of Hormuz, the world’s second-largest liquefied natural gas exporter has lost $24 billion in sales as exports tumbled by as much as 96%, Reuters calculations showed on Wednesday. The number of LNG cargoes that Qatar has managed to export crashed to just 18, down from 509 cargoes shipped from Qatar in the same period of last year, per data from data intelligence firm ICIS cited by Reuters. Qatar’s LNG exports are arguably the biggest energy commodity casualty…

Vessel traffic at the Strait of Hormuz remains well below recent averages as Iran and Oman discuss a temporary shipping corridor in the key chokepoint that could lead to a kind of ‘interim’ reopening.   Only five commodity vessels moved in either direction in the Strait of Hormuz on Tuesday, roughly the same number as on Monday, but well below the 10-day average of 15 ships, according to ship-tracking data by Kpler as of early Wednesday. Two tankers laden with liquefied petroleum gas (LPG) and one carrying bitumen transited the…

Japan is today set to announce an energy import diversification plan that will include stipulations about support for pipelines in the Middle East aimed at diverting export oil flows away from the Strait of Hormuz. The plan also features a push to reduce the country’s reliance on oil and gas overall, and also reduce its reliance on Middle Eastern oil and gas specifically, Reuters has reported, citing Japanese media. The government also plans to make energy companies share the higher costs of importing crude from places other than the Middle…

Three Indian refining companies and “a global energy major” will stop using tankers included in a black list that Iran issued earlier on Sunday in response to U.S. sanctions, Reuters has reported, citing unnamed sources. The list includes 45 vessels that, according to Tehran, had violated its rules for traversing the Strait of Hormuz. The statement also warned Iran would take action against any of these vessels if they are used to carry cargo via the waterway. According to Reuters, the clampdown will affect so-called shuttles that the…

Crude oil prices dipped earlier today following news reports about Iran and Oman renewing their talks about joint management of the Strait of Hormuz, as those reports were taken to mean the waterway could soon reopen for normal traffic. Reuters reported that the two were discussing “a joint temporary navigational corridor” and clearing the strait of mines. As a result, Brent crude was trading at $86.69 per barrel at the time of writing, with West Texas Intermediate at $80.61 per barrel at the time of writing. Traders appear to have…

After decades confined largely to laboratories, nuclear fusion is beginning to attract the kind of money and industrial planning normally reserved for technologies expected to make it onto the grid. Global private investment in fusion hit a record $4.48 billion in 2025, up 69% from a year earlier, while some of the world’s largest energy companies are moving beyond simply backing fusion startups. Italian energy giant Eni S.p.A. (NYSE:E) now plans to deploy a commercial fusion power plant in Europe by the early 2040s or sooner, building on…