Oil Managed Slight Gain as Risk Premium Falls
Oil eked out a meager gain after Iranian media appeared to downplay the effect of Israeli strikes, lowering the geopolitical risk premium for crude.
ReconAfrica to Drill Namibia Asset in June
The company is targeting 163 million barrels of unrisked prospective oil resources.
US DOE Releases Strategy to Connect Renewable Energy to Grid
The Transmission Interconnection Roadmap sets targets by 2030 concerning project approval time, costs and completion rates.
Emissions Data Firm Bags $6.5MM in Seed Funding
Momentick's mission is 'to provide an emissions intelligence platform for countries, industries, and companies'.
What Would an All-Out War in the Middle East Mean for USA Gasoline Prices?
'It would mean extreme price volatility,' EIR warned.
BP, Petrobras to Explore Collaboration Opportunities
The two companies are partners in exploration blocks in the Exploration & Production (E&P) segment.
Wood to Provide Project Management for NZT Power, NEP
NZT Power aims to be one of the world's first commercial-scale gas-fired power stations with carbon capture.
Iran-Israel Conflict Has Potential to Further Disrupt Shipping Industry
'The risk profile for commercial vessels operating in the region remains at severe/critical,' Dryad stated.
Iran Acknowledges Drone Attack by Israel and Says It Failed
Israel launched a retaliatory strike on Iran following last week's missile and drone barrage from Tehran, according to two U.S. officials.
Analysts Believe Oil Market Is Underpricing Risk
Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly.
Woodside Logs Lower Quarterly Revenue as Output, Prices Fall
Woodside posted a lower quarterly revenue of $3 billion as selling prices and production and sales volumes fell.
Canada Needs Further Pipeline Expansion: Tamarack CEO
Tamarack Valley Energy CEO Brian Schmidt sees a need for even more export capacity in the long run as drillers ramp up output from newer fields.
Canacol Makes Second Gas Discovery in Weeks in Colombian Basin
Canacol found 123 feet of net gas payzone in the Chontaduro 1 well.
Europa Oil & Gas Revenue Hit by Wressle Shutdown
Europa Oil & Gas posted a revenue of $1.7 million for the six months to January 2024.
European Gas Options-Buying Jumped During Recent Price Swings
Intense swings in European natural gas prices have prompted traders to pile into options contracts.
Oil Swings Amid Rising Iranian Threats
Oil fluctuated as markets weighed Iran's threats on Israeli nuclear sites against a stronger US dollar.
NG Energy Inks More Long-Term Agreements for Colombia Production
The company has now sold approximately 14.8 million cubic feet per day of production under long-term natural gas sales contracts.
US Confirms Reimposition of Oil Sanctions against Venezuela
Washington will not renew a reprieve issued to Caracas for oil and gas activities, accusing the Maduro regime of reneging on a commitment to upholding fair elections.
USA Commercial Crude Oil Inventories Rise
Crude oil stocks in the U.S., not including the SPR, stood at 460.0 million barrels on April 12.
BP Reshapes Its Leadership Team
BP Plc restructured its top management.
