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The Mexican association that groups major global oil services companies warned that it is going through an "unprecedented crisis" due to the lack of payments from the state-owned oil company Pemex, the world's most indebted energy company. In a letter sent to President Claudia Sheinbaum and released on Monday afternoon, the association warned that many of these companies may have to stop operations as early as July. The letter did not specify the amounts owned to the group's members, which [Read more]

Israel has launched a "massive cyber war" against Iran's digital infrastructure, Iranian media quoted the country's cybersecurity command on Tuesday as saying.Many of the attacks were successfully repelled, the command added. (Reporting by Jaidaa Taha and Menna Alaa El Din Editing by Gareth Jones) [Read more]

Military strikes between Iran and Israel have prompted concern about potential damage and disruption to the region's important oil and gas fields and infrastructure. Below are details about these sites and about how they have been affected so far: SOUTH PARS GAS FIELD Israel struck an installation at the South Pars offshore gas field on June 14 where Iran has partially suspended production. South Pars is part the world's largest natural gas reserve which Iran shares with Qatar. The [Read more]

ADNOC chief Sultan al-Jaber said on Tuesday the state oil company of the United Arab Emirates was looking to grow its U.S. energy investments six-fold to $440 billion in the next 10 years. "For us, the United States is not just a priority; it is an investment imperative," Jaber told an audience at a Washington event, adding that AI represented a once-in-a-generation investment opportunity. Jaber pointed to the UAE's recent anchor investment in the largest liquefied natural gas plant in [Read more]

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Ka Sing Chan HONG KONG, June 17 (Reuters Breakingviews) - Beijing has far more at stake in Iran besides just oil. China has not only benefited from importing heavily discounted Iranian crude, it has inched up its strategic infrastructure investments into the country since the duo signed a $400 billion pact in 2021. If the regime in Tehran is severely weakened or changes, China also will lose a key [Read more]