Escalating tensions between the United States and Iran are reviving a risk that energy markets have long feared: a possible closure of the Strait of Hormuz, the narrow Gulf passage that carries about 20 percent of global LNG trade and 25 percent of marine oil. New modeling from energy analysis firm ICIS shows that a […]
Oil prices moved uneasily at the start of the week as market participants digested the fallout from a sudden US intervention in Venezuela over the weekend. Brent crude fell as much as 1.2 percent in early trading on Monday (Jan. 5), falling to around $60 a barrel before recovering modestly to trade just above $61. […]
TMK Energy Limited (ASX: TMK) (“TMK” or the “Company”) is pleased to announce that it has achieved another record gas production milestone from its 100% owned Gurvantes XXXV Coal Seam Gas (CSG) project in Mongolia. HIGHLIGHTS: Record gas production of more than 500 m3 per day for consecutive days, another important milestone achieved for the […]