The latest oil and gas news from around the world.
Updated: 35 min 55 sec ago
Trump Extends Iran Truce, Blockade
The U.S. president indefinitely extended a ceasefire with Iran just before its expiration, while maintaining a naval blockade of the Strait of Hormuz after planned peace talks between the two sides fell apart.
Markets Whipsawed By Iran Conflict
Oil surged and swung on ceasefire uncertainty and Hormuz blockade disrupted expectations.
Halliburton Sees Signs of an Oil Rebound in North America
Halliburton Co. said it sees signs of a resurgence in oilfield activity in North America.
Iran, US Talks Hit Impasse as Truce Nears Expiry
The U.S. is still in the dark on whether Iran will take part in fresh talks to end the war before a ceasefire expires on Wednesday, with the sides deadlocked on issues including access to the Strait of Hormuz.
Phillips 66, Kinder Morgan Advance Texas to Arizona Pipeline Project
'Strong market interest validates the role this project can play in improving supply flexibility and reliability for West Coast markets'.
Texas Upstream Employment Continues Dropping
Texas upstream employment has continued its downward trend, industry body TIPRO noted.
Oil Traders Warn of Recession Impact
The world's top oil traders warned that the ongoing closure of the Strait of Hormuz is increasing the risk of a global recession.
Oil Traders Warn Worst of Demand Hit Is Yet to Come
The world's top oil traders said that demand destruction wrought by the Iran war is set to deepen.
Sable Pursues Federal Funding to Ramp Up Santa Ynez Oil Production
Sable said it was also 'coordinating with the federal government in various legal matters to defend its vested rights', amid compliance disputes with local and state authorities over the California facility.
Petronas Eyes Terengganu Carbon Sinks
Malaysia's national oil and gas company signed a memorandum of understanding with Terengganu to enable the state's natural ecosystems to generate carbon credits.
Currie Co-Founds New USA Focused Oil, Gas Company
Jeff Currie is the former global head of commodities research at Goldman Sachs.
Don't Mistake Easing Oil Prices for Calm, Analyst Warns
Oil prices are easing, but don't mistake that for calm, SEB Commodities Analyst Ole R. Hvalbye warned.
Trump Signals No Ceasefire Extension
the U.S. president signaled he is unlikely to extend a two-week ceasefire with Iran that is set to expire in two days, while Iran has yet to confirm it will participate in talks to end the war.
OMV Appoints Former BP EVP of Products as CEO
OMV appointed Emma Delaney, previously customers and products executive vice president at BP, as Alfred Stern's replacement and the Austrian state-backed energy company's first female CEO.
Xi Urges Ceasefire, Full Hormuz Transit in Saudi Call
China President Xi Jinping called for an immediate ceasefire and the restoration of normal transit through the Strait of Hormuz.
Crude Surges On Renewed Hormuz Fears
Markets react to ceasefire doubts and blocked flows.
North America Loses Rigs for 8 Straight Weeks
North America dropped seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Phillips 66, United Airlines, DSV Enter 42MM-Liter SAF Partnership
'United Airlines will use the fuel, while DSV and Microsoft participate through a book and claim methodology, allowing verified emissions reductions to be allocated independently of physical fuel use'.
Oil Contractors Face Profit Hits from War Fallout
Analysts have been cutting per-share profit forecasts for the three largest oilfield service companies since shortly after the conflict erupted in late February.
Woodside Awards $215MM Contract for Louisiana LNG Tugboats
The Australian company awarded Green Tug Towing a contract of over AUD 300 million to build four tugs for the Louisiana LNG project.
