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Chevron and Other Companies Exit Egypt’s Red Sea Concessions, Redirect Resources

Summary • Concessions awarded in 2019, part of effort to become energy hub • Chevron says it remains committed to working with Egypt • Ministry spokesperson gives assurances over summer gas supply CAIRO, April 18 (Reuters) – A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas …

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Oil Posts Weekly Gain on Trade Deal Hopes, New Iran Sanctions

By Nicole Jao Trump expressed optimism about reaching a trade deal with Europe US issues new sanctions on Chinese importers of Iranian oil Iraq, Kazakhstan, others to cut output further in OPEC plan NEW YORK, April 17 (Reuters) – Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal …

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Ring Energy Provides Operational Update – Amended to Correct Wells Drilled in First Quarter 2025

  ~ Announces Timing of First Quarter Earnings Conference Call ~ THE WOODLANDS, Texas, April 18, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an operational update, including first quarter 2025 oil sales volumes above the high end of the Company’s guidance range and total sales volumes …

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Trump Administration Kicks Off Plan for Expanded Offshore Drilling

The U.S. Interior Department on Friday said it would begin taking public input for a new five-year offshore oil and gas leasing program that could include new zones in the Arctic and elsewhere to maximize energy development. President Donald Trump has ordered government agencies to identify ways to increase already record high U.S. oil and …

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