30 Jul Oil and gas, Energy Price, News ,Commentary and analysis | Oil prices steady
(Oilandgaspress) 30/07/26, US and Saudi Arabian troops struck Iran-backed paramilitary groups in Iraq after Tehran launched a surprise attack on American troops in Jordan. The US-owned gas storage tanker, the Energos Winter, was reportedly set ablaze at the Mediterranean port of Damietta.in Egypt
The fire spread to an LNG cargo ship, Gaslog Salem, according to port services firm Inchcape.
The crew were evacuated, and the fire was brought under control, maritime security firm Ambrey said, adding that no party had claimed responsibility.
It is the first time Egypt has been targeted in the conflict, with Iran or its proxies’ strikes mainly attacking Gulf nations. The latest escalation has renewed attention on risks to oil and LNG shipments through the Strait of Hormuz and Red Sea. . Related News
| Oil and Gas Blends | Units | Oil Price | Notes |
| Crude Oil (WTI) Oilprice | US$/bbl | $84.11 | Up |
| Crude Oil (Brent) | US$/bbl | $89.78 | Up |
| Bonny Light 27/07/26 CBN | US$/bbl | $94.42 | — |
| Dubai | US$/bbl | $76.29 | Down |
| Natural Gas | US$/MMBtu | $2.74 | Up |
| Murban | US$/bbl | $87.70 | Up |
| OPEC basket 28/07/26 OPEC | US$/bbl | $88.39 | Up |
| At press time July 30, 2026 |
Attacks on ships by Yemen’s Houthis have reportedly prompted London’s marine insurance market to widened its “high risk” zone in the Red Sea.
The Joint War Committee comprises syndicate members from the Lloyd’s Market Association and representatives from the London insurance company market and its guidance influences underwriters’ considerations over insurance premiums. Related News
Iran has launched a barrage of missiles at American forces in the Middle East as the US partnered with Saudi Arabia to strike Tehran-backed militias in neighbouring Iraq, killing at least 20 fighters.
Six Iranian advisers were also killed in the US-Saudi strike, two Iraqi militia officials said. . Related News
KBR announced the new name, logo and tagline for its Mission Technology Solutions business, which, as previously announced, KBR plans to spin off into an independent public company. The spin-off is currently expected to be completed in January 2027, and the new company will operate under the name Trinzic. As a standalone company, Trinzic is expected to be a trusted global company, supporting its customers’ critical missions with speed and expertise across national security and space, and backed by decades of delivering at-scale operations. Related News
Anglia Xchange launches to help UK companies use new sourcing rules and build protected trading relationships across the continent. Changes which came into effect on 1 January 2026 introduced a new regional cumulation arrangement covering 50 African countries. The reforms allow qualifying goods to be sourced, processed and combined across multiple African markets while continuing to benefit from preferential access to the UK, creating significant new opportunities for businesses seeking resilient, diversified supply chains.
While the policy changes simplify market access, many UK companies continue to face practical challenges including identifying trusted local partners, navigating regulatory requirements, managing cross-border logistics and protecting commercial interests.
Anglia Xchange, a new UK trade and growth advisory, has launched to answer that question. The firm helps British companies find credible commercial partners across Africa, manage the customs and compliance detail on which a first transaction depends, and put agreements in place that protect their interests once trading begins. Its work covers trade and commodity brokerage, import and export logistics, agricultural supply chains and renewable energy development.
Clients can engage Anglia Xchange for a single introduction or retain it throughout the entire lifecycle of a project, from opportunity identification and due diligence through to negotiation, implementation and delivery. Related News
Petrobras announced it had completed the acquisition of a stake and the assumption of operations for Block 3 , located offshore São Tomé and Príncipe , in Africa .
With the completion of the transaction, the consortium will be composed of Petrobras (operator, with a 75% stake) in partnership with the company Oranto (15%) and the National Petroleum Agency of São Tomé and Príncipe (10%).
This operation aligns with Petrobras’ strategy of replenishing oil and gas reserves through the exploration of new frontiers, both in Brazil and abroad, as foreseen in its Business Plan. The evaluation of new opportunities aims to diversify the company’s exploration portfolio, promoting value creation and the long-term sustainability of its business. Related News
ADNOC is accelerating its integrated global gas growth strategy with a $6.2 billion (AED22.6 billion) final investment decision (FID) to develop the Umm Shaif Gas Cap in Abu Dhabi alongside its international partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC).
The UAE holds the seventh-largest gas reserves in the world. As global demand for reliable, lower-carbon energy continues to grow, ADNOC is unlocking more of the nation’s gas resources and expanding its liquefied natural gas (LNG) portfolio to meet the needs of its domestic and international customers and power industrial and artificial intelligence (AI) infrastructure growth.
The FID for Umm Shaif Gas Cap is the latest milestone in the company’s gas growth strategy and will unlock more than 600 million standard cubic feet per day (scfd) of natural gas and associated gas liquids, equivalent to almost 10% of the UAE’s current daily gas consumption. The investment will reinforce the UAE’s energy security and its role as a reliable global energy supplier. Production from the development is expected by 2030. Related News
More Energy, Oil & Gas Stories !!! �News straight from the source �
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Submit your Releases or contact us now!, victor@oilandgaspress.com
OilandGasPress.com is a website that provides news, updates, and information related to the oil and gas industry. It covers a wide range of topics, including exploration, production, refining, transportation, distribution, and automotive market trends within the global energy sector. Visitors to the site can find articles, press releases, reports, and other resources relevant to professionals and enthusiasts interested in the energy, oil and gas industry.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
“Stay informed with Oilandgaspress.com—your independent source for global energy, oil, gas, EV, and automotive industry news and analysis.”
Follow us: on Twitter | Instagram
Your Daily Source for Oil, Gas, Renewables & EV Market Insights :
latest oil and gas updates
Sorry, the comment form is closed at this time.