Industry News

Texas upstream employment increased in April, the Texas Independent Producers and Royalty Owners Association (TIPRO) said.

The Moomba Carbon Capture and Storage project onshore South Australia permanently sequestered 2 million metric tons of carbon dioxide equivalent in over 18 months, the equivalent of taking 826,000 cars off the road, Santos said.

Naeem Aslam, CIO at Zaye Capital Markets (ZCM), outlined that ZCM sees oil being pulled in two directions.

'The approved scheme will support construction of up to 1,000 MW of installed electrolyzer capacity, and the production of up to 10 million tonnes of renewable hydrogen'.

Norway produced about 12 billion cubic feet a day of natural gas in April, down month-on-month and year-on-year, according to preliminary official figures.

The U.S. president said negotiations with Iran over an interim deal to extend their ceasefire and reopen the Strait of Hormuz were 'proceeding nicely'.

Alaska has seen a resurgence of oil industry interest.

North America added 21 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

India's state-run fuel retailers raised gasoline and diesel prices for the fourth time in 10 days in response to disruptions in global energy markets.

The 20-year contract, which excludes the U.S. energy giant, initially involves up to about 1.3 billion cubic meters.

'The government must support our own producers, industries, and workers', OEUK Chief Executive David Whitehouse said.

'On late Saturday, there seemed to have been a breakthrough in the U.S.-Iran war', Gaik June Goh, a senior oil market analyst at Sparta Commodities, said.

The Russian state-controlled company expects the project to feed up to 2 million tons of oil a year to the Eastern Siberia-Pacific Ocean pipeline system.

Uniper shareholders approved a dividend of EUR 0.72 ($0.84) per share for 2025, the power and gas utility's first dividend payment since its bailout by the German government late 2022.

The agreements for liquefied natural gas produced using feed gas from the North Hub and South Hub projects amount to about 2 million metric tons a year.

Three tankers loaded with liquefied natural gas appear to have crossed the Strait of Hormuz in recent days, as suppliers in Qatar and the UAE attempt to get fuel out to key buyers despite the near-total closure of the waterway.

'Under an exclusive three-year engineering partnership, Worley will work with APA to deliver its phased and scalable infrastructure development program aimed at reducing constraints, increasing optionality and improving system flexibility'.

Intercontinental Exchange Inc is working with OKX to launch oil futures contracts that never expire.

Ukrainian forces used long-range drones against Russia's oil-processing and export facilities, in particular the Yaroslavl refinery on Thursday night, Zelenskyy said in a Telegram statement.

Energy markets remain volatile as Iran negotiations and supply risks continue.