Alaska offshore lease sale fails to attract any bids

NorthAmOil - North America Oil & Gas
By bne IntelliNews 5 March 2026
An oil and gas lease sale held in Cook Inlet offshore Alaska received no bids upon closing this week
Putin has turned EU threats to halt Russian gas exports completely on their head and suggested that it is Russia who will ban gas exports to Europe that will deepen the European energy crisis push prices sharply higher.

Europe’s gas crisis deepens as Putin turns the tables on Europe, threatens to cut off supplies early

FSUOGM - Former Soviet Union Oil & Gas
By Ben Aris in Berlin 5 March 2026
Russian President Vladimir Putin sought to capitalise on the chaos on the energy markets by threatening to cut off Russian gas supplies to Europe, which is already facing a gas crisis that will amplified by the escalating war in Iran.

US shale unlikely to replace Middle Eastern oil, industry players and analysts warn

MEOG - Middle East Oil & Gas
NorthAmOil - North America Oil & Gas
By bne IntelliNews 5 March 2026
The shale industry cannot increase production rapidly enough to replace any supply disrupted as a result of the conflict in Iran in the near term, according to warnings from both industry participants and analysts.

Russian LNG tanker sinks in Mediterranean after explosions; Egypt denies link

AfrOil - Africa Oil & Gas
MEOG - Middle East Oil & Gas
By bna Cairo bureau 5 March 2026
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