Oil and gas sector

While You Were Sleeping: 5 stories you might have missed, Aug 24, 2026

Smoke and flames rise from the Hawk fire in Reno, Nevada, US, in this screengrab from a video obtained from social media.

Iran says it has discovered more than 200 billion cubic m of gas

Oil Minister Mohsen Paknejad says it is possible to extract about 161.41 billion cubic m of gas from a field in the south of Fars province.

Chinese oil refiner Sinopec’s half-year profit grows 19.3% despite Iran war, falling demand

Sinopec’s net profit over the January-June period stood at 25.63 billion yuan (S$4.84 billion).

Bangladesh’s gas crisis hits factories, homes and transport

Three-wheeled auto-rickshaws that run on compressed natural gas (CNG) queue up to refuel at a filling station, in Dhaka, Bangladesh.

US threatens Iran with ‘economic isolation, like the world has never seen’

Treasury Secretary Scott Bessent described a two-pronged approach featuring financial pressure and a physical blockade of the ports.

US eyes indefinite Iran naval blockade as oil supply shortfall deepens

US President Donald Trump has repeatedly asserted that Washington has “total control” over the strait while Iran claimed the strait is under Iran’s management.

Venezuela inks gas deals with BP, two other foreign companies

Venezuela has the world’s largest proven reserves of oil and also boasts large deposits of natural gas.

Bangladesh curbs power use as gas shortages worsen

Bangladesh, increasingly reliant on imported LNG as domestic gas production declines, is vulnerable to supply disruptions and rising import costs.

South Korea’s SK Shipping, H-Line swop tankers to create LNG giant

The deal will turn SK Shipping into the world’s third-largest operator of LNG carriers and Asia’s biggest.

Gulf oil spill fast becoming one of world’s worst in years, agencies warn

A satellite image showing an oil spill off the coast of Oman, on Aug 11, 2026.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.