Petrobras Misses Estimates
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.
USA Oil, Gas Workforce Hits Lowest Level Since 2022
The number of employees in the oil and gas extraction industry has hit its lowest level since 2022, data on the BLS website shows.
Norden Assumes Its Ships Will Be Stuck in Hormuz All Year
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.
Petronas Inks 20-Year Charter Deal for 5 LNG Carriers
'MISC will provide project management services throughout the shipbuilding phase, followed by operationalization and ship management of the vessels upon delivery beginning 2029'.
PNG LNG Partners Approve New Upstream Development
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 USA Gasoline Price Surge Could be Coming
Another U.S. gasoline price surge could be coming, GasBuddy warned in a blog posted on its website on Monday.
Uniper Flexes Diversified Procurement Portfolio as Profit Rises
'Our broadly diversified gas and LNG procurement portfolio is well positioned to withstand geopolitical risks and the resulting market fluctuations'.
Trump Says USA-Iran Ceasefire is on 'Massive Life Support'
'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 Logs Lower Profit as War Hits Deliveries
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.
China LNG Imports Signal Recovery
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 Jumps as Hormuz Crisis Deepens
Oil prices climbed as fears grew that the Iran ceasefire could collapse and keep the Strait of Hormuz disrupted.
China Confirms Xi-Trump Summit
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 Adds Rigs Again
North America added two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Enbridge Beats Profit Estimates
Higher earnings from gas operations partially offset a decline in liquids pipelines.
India State Refiners Eye Modest Fuel Price Hike
Indian state refiners are expecting a modest increase in retail fuel prices within days.
Perenco Raises Oil Production Capacity in Congo-Brazzaville
'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'.
Texas Oil Regulator Praises Record Port Activity, Rising Output
'The conflict in Iran is a clear reminder of the world's reliance on Texas oil and gas', RRC Commissioner Wayne Christian said.
Iberdrola to Invest $10B in Brazil through 2030
'The new plan almost doubles the 27.5 billion reais invested over the last five-year period (2021-2025) and ushers in a new phase of growth based on the expansion, modernization and digitalization of electricity infrastructure'.
Oil Traders Adding Back Supply Risk Premium
Traders are adding back a supply risk premium after U.S. President Donald Trump rejected Iran's peace response, Naeem Aslam, CIO at Zaye Capital Markets, said.
Ship Signals Erratic as Hormuz Tensions Escalate
Geolocation data for some ships in the Persian Gulf showed locations and speeds that defied logic, pointing to an increase in signal interference following fresh attacks by Iran on neighboring countries.
