Industry News

Iran is continuing to load millions of barrels of oil onto supertankers.

Oil prices dipped as potential US-Iran talks raised hopes for restored flows.

President Donald Trump's administration has given a 90-day extension to a shipping waiver making it easier to move oil, fuel and fertilizer around the United States.

The first quarter Dallas Fed Energy Survey has received an update 'in response to recent developments in the global oil market', a statement sent to Rigzone revealed.

'The current forecast projects approximately 367,790 Megawatts of demand in the ERCOT Region by 2032', ERCOT said.

There is a high risk being short energy and betting on any immediate political resolution in the Iran conflict, according to SEB Commodities Analyst Ole R. Hvalbye.

GeoPark's divestments in Ecuador and Brazil reduced production but its active countries of operation, Colombia and Argentina, posted increases.

Trump ordered the U.S. Navy to shoot any boat putting mines in the strait.

The Houston-based private equity firm completed a capital raise to launch two oil and gas investment funds, attracting a total of around $1.1 billion.

'The strategic combination will create a recognized leader in offshore operations through a diversified and expanded high-specification fleet of specialty vessels, supported by subsea robotics, well intervention and technical service capabilities'.

BP Plc faced a shareholder backlash at its annual general meeting.

Oil prices rose sharply as escalating Iran conflict risks threatened flows through the Strait of Hormuz.

'Two primary headwinds impacted the quarter: meaningful margin pressure in our fertilizer business and lower than anticipated contribution by the transportation business'.

Europe's biggest oil refinery is working flat out to produce jet fuel.

Crude oil stocks, not including the SPR, stood at 465.7 million barrels on April 17, the EIA's latest weekly petroleum status report showed.

Kinder Morgan reported a 39 percent year-on-year increase to $1.06 billion in adjusted net profit for the first quarter and declared $0.2975 in dividend per share, up 2 percent from the same three-month period last year.

QatarEnergy said its LNG trading arm would offtake 70 percent of Golden Pass' production.

'Reopening optimism' for the Strait of Hormuz is 'sliding fast', according to SEB Chief Commodities Analyst Bjarne Schieldrop.

Santos reported $1.27 billion in sales revenue for the first quarter, up 3 percent from the prior threemonth period thanks to higher LNG and crude oil volumes.

'I do not agree with those who say we should 'turn off the taps' overnight', UK Energy Secretary Ed Miliband said.