Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia's oil producers have been drilling at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some war sanctions.
USA Clashes With Allies on Energy Security Vision at IEA Summit
At this week's flagship international summit on energy security, the clashing visions of the US and its allies were on full display.
Oil Gains as Supply Tightness Counters Trade Concerns
Tight supplies and bullish market signals supported gains in both WTI and Brent.
USA Crude Oil Inventories Rise Week on Week
Crude oil stocks, not including the SPR, stood at 443.1 million barrels on April 18, according to the U.S. Energy Information Administration.
BHP Prepares to Start Chief Executive Succession Process
BHP Group is preparing to begin looking for a new chief executive officer in the coming months.
Eni Logs Lower Q1 Profit
Eni reported $1.6 billion in adjusted net income attributable to shareholders, down 11 percent from the same three-month period a year ago as oil prices weakened and oil and gas output fell.
Honeywell Tapped for Argent LNG Export Terminal
Honeywell signed an agreement with Argent LNG to deploy Honeywell's pretreatment solutions at an LNG terminal to be built at Port Fourchon, Louisiana.
Matador Plans to Cut Drilling Activity, Drop One Rig by Mid-2025
Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices.
USA Upstream M&A Hits $17B in 1Q
Enverus Intelligence Research revealed that U.S. upstream mergers and acquisitions (M&A) hit $17 billion in deal value in the first quarter of 2025.
Naftogaz Keeps Gas Prices Unchanged for Another Year
Naftogaz will continue delivering natural gas to households in Ukraine at the current regulated rate until April 2026 to reflect the current moratorium on raising gas tariffs.
Norway Monthly Gas Output Falls: Preliminary Data
Preliminary official figures showed Norway produced 351.3 million standard cubic meters a day of natural gas in March.
Energy Security is National Security, OEUK Says
'We believe it is important for the offshore energy industry to take seriously the need for optimum security', said Mark Wilson, OEUK's director of health, safety, environment, and operations.
TotalEnergies to Scale Down Petrochemical Production at Antwerp Complex
Citing ethylene 'overcapacity' in Europe, TotalEnergies said it will refocus investment on decarbonizing the refining and petrochemical facility.
Petronas Pens 11 Agreements to Advance Malaysia's OGSE Sector
The agreements promote cooperation with industry stakeholders to improve the efficiency of fabrication yards through modernization and to develop a highly skilled local workforce.
India Cuts LNG Imports as Other Fuels Become More Attractive
Indian energy importers are switching from pricey LNG to cheaper oil products, a move that will help ease tight global supplies of the super-chilled fuel.
Crude Falls Despite Trade Talk Optimism
Oil dropped over 2% as reports of accelerated OPEC+ output overshadowed easing US-China trade tensions.
IEA Chief Says Oil Prices May Fall Further on China Slowdown
Birol is visiting London as the IEA and the UK government convene a two-day summit of more than 60 countries and numerous companies to discuss the future of energy security.
Baker Hughes Posts $402MM Q1 Profit
The Houston-based oilfield and energy tech heavyweight saw volumes fall quarter-on-quarter.
Industry Body Looks at March Texas Upstream Employment
'As a result of recent commodity price movement and significant market volatility, there are high uncertainties in outlooks for future energy supply, demand, and prices', TIPRO warned.
Iberdrola Puts Onstream 3 Solar Projects in US
Iberdrola's Avangrid commenced commercial operations at True North Solar and started exporting energy from its Camino and Powell Creek solar farms in the U.S.
