Industry News

The six-block North Ustyurt production sharing contract is BP's first project in the Central Asian country.

Russia expects its oil production to remain flat in 2026 and grow modestly in the coming two years as its energy infrastructure comes under intense drone attacks from Ukraine.

Brent and WTI climbed sharply amid fears of prolonged supply disruptions in the Persian Gulf.

Brazil's state-controlled oil company Petrobras fell short of earnings estimates as it held domestic gasoline prices stable during the war-driven price surge.

The number of employees in the oil and gas extraction industry has hit its lowest level since 2022, data on the BLS website shows.

One of the world's largest commodity shipping companies is planning for a scenario in which the Strait of Hormuz remains effectively shut for the rest of the year.

'MISC will provide project management services throughout the shipbuilding phase, followed by operationalization and ship management of the vessels upon delivery beginning 2029'.

Targeted to be put onstream 2028, the Agogo Production Facility is designed to deliver an incremental production of about 135 million cubic feet a day.

Another U.S. gasoline price surge could be coming, GasBuddy warned in a blog posted on its website on Monday.

'Our broadly diversified gas and LNG procurement portfolio is well positioned to withstand geopolitical risks and the resulting market fluctuations'.

'I would say the ceasefire is on massive life support where the doctor walks in and says, 'sir, your loved one has approximately a one percent chance of living',' U.S. President Donald Trump said.

ADNOC Gas reported $1.08 billion in net income for the first quarter, down 15 percent compared to the same three-month period last year due to export disruptions and lower domestic demand.

The 30-day moving average for LNG imports has increased to the highest level since late February, according to ship-tracking data compiled by Bloomberg.

Oil prices climbed as fears grew that the Iran ceasefire could collapse and keep the Strait of Hormuz disrupted.

Trump, who last visited China in 2017, will meet Xi Jinping in a much-anticipated summit that's already been rescheduled once due to the war.

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

Higher earnings from gas operations partially offset a decline in liquids pipelines.

Indian state refiners are expecting a modest increase in retail fuel prices within days.

'Following the positive results from the Tchibouela East campaign, Perenco Congo has now started a new five-well drilling campaign on the Masseko field, designed to increase production from the field as well as testing a new geological horizon'.

'The conflict in Iran is a clear reminder of the world's reliance on Texas oil and gas', RRC Commissioner Wayne Christian said.