Iran could open the Strait of Hormuz in a limited and controlled way on Thursday or Friday ahead of a meeting between U.S. and Iranian officials in Pakistan, a senior Iranian official, involved in the talks, told Reuters on Wednesday. “If an understanding on a framework for talks is reached, the strait could be opened …
Summary Upstream earnings could gain from higher oil and gas prices Exxon to release full Q1 results on May 1 Downstream earnings hit by timing effects, but Exxon expects profits to rebound in later quarters CFO Hansen says negative impacts from trading program are temporary and will unwind over time (Reuters) – Higher oil and …
Exxon Signals Q1 Upstream Profit Bump From Iran War, Downstream Boost in Later Quarters Read More »
A ceasefire in the Iran war will deliver badly-needed relief to economies battered by the world’s worst ever energy crisis, but hopes the truce will quickly restore normal oil and gas flows from the Middle East are almost certainly misplaced. U.S. President Donald Trump on Tuesday agreed to a two-week ceasefire, conditional on Iran pausing …
Iran War Ceasefire Pushes Energy Markets Into Twilight Zone: Bousso Read More »
U.S. President Donald Trump said on Tuesday that he had agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz or face widespread attacks on its civilian infrastructure. Oil dived, bonds rallied and stocks surged as the ceasefire was seen as paving the …
Investor Reactions to Trump Agreeing to Two-Week Ceasefire With Iran Read More »
Asset integrity in oil and gas has never been more critical—or more complex. With aging infrastructure, increasing regulatory pressure, and the growing demand for operational efficiency, traditional inspection methods are no longer enough to keep up. At its core, asset integrity management is about reducing the risk of failure, particularly from issues like corrosion, cracking, …
Rethinking Asset Integrity in Oil & Gas: Why NDT Is Evolving Read More »
Oil dived, bonds rallied and stocks surged on Wednesday as a two-week ceasefire in the Middle East was seen as paving the way for a lasting peace and resumption of Gulf oil and gas exports. U.S. President Donald Trump said he agreed to suspend bombing and attacks on Iran for two weeks and that a …
TACO Tuesday – Oil Dives, Stocks Surge as Trump Agrees to Two-Week Ceasefire Read More »
April 7 (Reuters) – House Democrats questioned the legality of the Trump administration’s deal to return nearly $1 billion to TotalEnergies (TTEF.PA) to stop the development of two U.S. offshore wind farms, according to letters sent to administration officials and the French energy company. U.S. Representatives Jared Huffman and Jamie Raskin, both Democrats, sent a …
Democrats Question Legality of Trump, TotalEnergies Offshore Wind Deal Read More »
By Curtis Williams Freeport LNG requests FERC approval to demolish obsolete Texas import facilities US shift from LNG importer to top exporter driven by shale revolution Company says removal will improve safety and reduce maintenance on unused assets HOUSTON, April 7 (Reuters) – Freeport LNG has asked U.S. regulators for permission to demolish facilities in …
Freeport LNG Seeks Approval to Demolish Obsolete Import Facilities in Texas Read More »
By Timothy Gardner WASHINGTON, April 7 (Reuters) – A group of Democratic U.S. senators on Tuesday pressed Treasury Secretary Scott Bessent on whether enormous tankers that ship liquefied natural gas qualify for a lucrative tax credit meant for smaller boats that burn the fuel. Here are details about the issue. The Alternative Fuel Excise Tax …
US Lawmakers Press Bessent on LNG Ships That are Taking Tax Credit Read More »
It may take months to begin to see the uptick in production from shale fields in places like the Permian Basin By David Wethe and Kevin Crowley United States shale drillers are expected to follow President Donald Trump’s call for higher oil production — but not just because he said so. The 68 per cent …
U.S. Shale Drillers Seen Lifting Crude Output on Hormuz-Driven Price Rally Read More »
