Following the US move, Japan has warned tankers transiting the Strait of Hormuz, issuing an alert urging more vigilance following the terrorist attack on a Japanese tanker in late July.

The US Treasury Department issued new regulations on 16 August aimed at stopping US and foreign financial institutions from aiding Iran’s Central Bank or Revolutionary Guards. The new rules define “financial institutions” broadly to include …

Shell Nigeria declared force majeure on 16 August on exports of Bonny Light crude for the remainder of August and September, following damage that shut down its Cawthorne Channel-Bonny Light pipeline on 14-15 August.

Iraq’s Oil Ministry plans to fix the Kirkuk-Ceyhan pipeline by Thursday. The stoppage of oil was due to a leakage in the 48inch pipeline.

China plans to invest billions of dollars to manufacture millions of electric and hybrid cars over the next few years.

Following the approval of parliament of the Petroleum Law last Tuesday, Lebanon plans to start exploration in the offshore Med by 2012, says Energy Minister Jibran Basil.

UK’s Petrofac was awarded the Majnoon EPC deal to build two crude processing plants at Iraq’s super-giant southern oil field.

The US government has asked US-flagged ship operators to maintain a strict vigil while transiting the Strait of Hormuz, following a terrorist attack against a Japanese tanker late last month.

The US’ Anadarko Petroleum discovered oil offshore Mozambique, the 1st offshore oil discovery in East Africa.

Algeria’s Sonatrach has started feeding gas into the Medgaz pipeline linking Algeria to Spain, marking the startup of the project, after months of delay.