Industry News

The U.S. attacked military targets across Iran's Kharg Island.

'The sharp increase in commodity prices during the first quarter resulted in a net outflow of approximately $3 billion of cash collateral on derivative positions'.

Texas upstream employment declined at the start of the year, according to a statement sent to Rigzone by TIPRO recently.

Fusco will take over Botta while continuing to serve as president and chief executive after Botta's exit May 14, the date of Cheniere's yearly shareholder meeting.

Symra represents 'a step into a new part of the Eiga area and a new reservoir type on the Norwegian shelf'.

Overall, the oil market maintains a cautiously bullish bias, Naeem Aslam, CIO at Zaye Capital Markets, said.

ADNOC Gas confirmed casualties including one fatality at its Habshan natural gas processing complex and said the affected area has been 'isolated'.

India is set to import the most oil from Venezuela in almost six years.

The delay by India's state-run refiners comes as the nation grapples with a supply crunch following the effective closure of the Strait of Hormuz.

Oil prices rose as escalating US-Iran tensions raised fears of persistent supply disruptions through the Strait of Hormuz.

Traffic through the Strait of Hormuz has climbed to its highest levels since the early days of the war.

The latest well to be stimulated in the Shenandoah South Pilot Project in the Beetaloo sub-basin onshore Australia's Northern Territory yielded a record average 20-day initial production flow rate of 10.3 million cubic feet a day, Tamboran said.

A statement posted on OPEC's website on Sunday revealed that Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman have decided to boost production next month.

'The board is very focused on the successful delivery of the Rafael Gas Project and the key milestones towards Final Investment Decision and first material cashflows'.

'We have revised up our 2026 diesel price forecast, as we move to our 'extend to end' [conflict] scenario', BMI analysts said.

Oil-producing Malaysia 'is not fully insulated' from the supply disruption brought about by the ongoing war in the Middle East, the national oil company said.

'Reports of a possible agreement between the United States and Iran to halt hostilities and reopen the Strait of Hormuz have tempered supply concerns to a certain extent and pushed prices down'.

Chevron and its local partners resumed regular production at the gas and condensate field, weeks after declaring force majeure because of the ongoing war with Iran.

U.S., Iran and regional mediators are reportedly discussing terms for a possible 45-day ceasefire, but chances of an immediate deal appear low.

'The investment, estimated at approximately half a billion USD, will help support and increase natural gas production to meet domestic market needs'.