Industry News

Oil and gas shipping along a U.S.-protected corridor in the Strait of Hormuz showed signs of recovering, after a batch of vessels performed unexplained U-turns and detours in the vital energy corridor.

'This agreement will support the government's visionary South Australian Strategic Gas Reserve that will help ensure South Australia's industrial future and energy security, including the planned sale and transformation of the Whyalla Steelworks'.

Russia's subsidy payouts to oil refiners that supply domestic markets jumped more than six-fold in June from a year earlier.

U.S. crude refiners are enjoying some of the best profit margins in years.

'Our goal is simple', RRC Commissioner Wayne Christian said.

China called for the unhindered flow of shipping through the Strait of Hormuz.

Alberta's government said it had applied to list the West Coast Oil Pipeline project, a new gateway for the province's oil sands to British Columbia and eventually Asia, as a project of national interest.

Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.

The partners continue to each own 50 percent in the Gippsland Basin Joint Venture, which supplies about 40 percent of gas needs on Australia's east coast, and 32.5 percent in the Kipper Unit JV, Woodside said.

QatarEnergy and ExxonMobil signed a 'commercial discovery declaration' with the Cypriot government for two discoveries in Block 10 in the Mediterranean Sea.

Oil remains in a divided market, Waleed Said, Technical Analyst at GivTrade, stated.

TotalEnergies is offering millions of barrels of Iraqi crude that can be promptly delivered to Asia, according to traders, adding to a market already brimming with supply.

Saudi Arabia's crude oil exports have surged to roughly pre-war levels since the kingdom resumed cargo loadings inside the Persian Gulf.

Oil prices steadied as rising exports through Hormuz reinforced concerns about a growing global supply surplus.

Crude oil stocks, not including the SPR, stood at 408.4 million barrels on June 26, the EIA's latest weekly petroleum status report showed.

Shell is selling its 50 percent ownership in its only non-operated platform in the Gulf of America, including associated fields, and 100 percent in the Coulomb tieback to Ridgewood Energy and Talos Energy for $1.7 billion.

Russia's gasoline-supply crunch is starting to ripple into Central Asia.

Executives from oil and gas firms revealed where they expect the Henry Hub natural gas price to be at various points in the future in the second quarter Dallas Fed Energy Survey.

The Austrian companies unveiled a joint project to enable up to 670 gigawatt hours a year of heating capacity in the southeastern state of Styria.

The merger will see the British company, whose production comes from Iraq's Kurdistan region, expand into Egypt in the Sahara desert.