Industry News

The US and Iran prepared for direct talks in Pakistan with the Strait of Hormuz still effectively shut and Israel and Hezbollah exchanging fire.

The Chevron-led consortium secured commitment from relevant parties to execute a term sheet and a host government agreement to enable the piped export to Egypt of 100 percent of production from the Aphrodite field.

'The discovery has the potential for subsea tie-backs to an adjacent Occidental-operated facility and others in the nearby area'.

The Spanish power and gas utility has raised its stake in Neoenergia to 98 percent, under a full takeover bid it launched late last year.

CB&I consummated the acquisition of Petrofac's Asset Solutions business, saving jobs for about 3,000 workers.

Netanyahu agreed to hold talks with Lebanon.

The U.S. and Iran prepared for peace talks in Pakistan with a fragile ceasefire largely holding, though issues such as Israel's offensive in Lebanon and the opening of the Strait of Hormuz remain unresolved.

A Russian-flagged supertanker passed through the Strait of Hormuz into the Persian Gulf, marking a rare passage for one of the nation's ships as traders scrutinize every transit through the war-hit waterway.

Oil rose as Hormuz disruptions and Saudi output cuts fueled supply concerns.

Chevron said its production fell as much as 6 percent in the first quarter due in part to the Iran war, echoing a similar disclosure from archrival ExxonMobil.

India's largest private-sector refiner is restricting individual purchases to INR 1,000 per visit at fuel stations it operates with partner BP, according to people familiar with the matter.

The U.S. president vowed to keep troops in the Persian Gulf ahead of talks with Iran that are planned to firm up a fragile truce, while Hormuz remained effectively shut as shipowners await clarification on the status of the key waterway.

'Located strategically to the east of our Pikka phase 1 development, Quokka represents another high-return opportunity that strengthens our position on the North Slope and extends our development runway in Alaska for years to come'.

'Under this framework, Subsea Integration Alliance may provide full engineering, procurement, construction, installation and commissioning solutions for multiple discoveries in Suriname'.

Perenco acquired a 50 percent operating stake in the already developed Blythe and Elgood fields.

'There is a considerable value creation potential here but time is running out', Norway's upstream regulator said about the discovery drilled by Shell and later relinquished by Equinor.

Continued attacks - including Israeli strikes in Lebanon - have raised questions about the effectiveness of a ceasefire.

Hopes for a strong rebound in China's demand for liquefied natural gas are fading, despite the ceasefire called in the Middle East.

Oil prices plunged after a US-Iran ceasefire eased fears of prolonged supply disruption.

Exxon lost six percent of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf.