Monday, April 28, 2025
Vitol steps up Venezuela oil buying before U.S. license lapses- oil and gas 360

Vitol steps up Venezuela oil buying before U.S. license lapses

(World Oil) – Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg. It has more than

US plans Alaska LNG summit, will urge Japan, South Korea to support project- oil and gas 360

US plans Alaska LNG summit, will urge Japan, South Korea to support project

(Investing) – WASHINGTON – U.S. President Donald Trump’s energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday. Trump has touted the $44 billion Alaska liquefied natural gas project, which would deliver gas from the state’s

SLB wraps up oilfield services quarter with profit miss, cautious outlook- oil and gas 360

SLB wraps up oilfield services quarter with profit miss, cautious outlook

(Reuters) – Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, and the company warned of a potential industry-wide shift due to economic uncertainty, volatile oil prices and rising tariff risks. Shares of the company fell nearly 2% in premarket trading following results. SLB’s report rounds out

US refiner Phillips 66 posts bigger-than-expected quarterly loss- oil and gas 360

US refiner Phillips 66 posts bigger-than-expected quarterly loss

(BOE Report) – Phillips 66 reported a bigger-than-expected loss in the first quarter on Friday, as lower refining margins amid a widespread maintenance and turnaround activity across the U.S. refining sector weighed on its performance. U.S. refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases. However, this scheduled downtime

Colombia's GeoPark appoints Felipe Bayon as its new CEO- oil and gas 360

Colombia’s GeoPark appoints Felipe Bayon as its new CEO

(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. This appointment follows the decision of Andrés Ocampo to step down for personal reasons. Mr. Bayon is recognized

State Department nixes climate office, revamps energy bureau- oil and gas 360

State Department nixes climate office, revamps energy bureau

(Investing) – WASHINGTON  -The Trump administration has terminated federal employees in charge of U.S. global climate policy and climate aid as part of its reorganization of the country’s diplomatic focus, the State Department said on Friday. The career employees in the Office of Global Change, which came under the State Department’s Bureau of Oceans and International Environmental and Scientific Affairs, played

TETRA Technologies, Inc. announces expansion of smackover formation evergreen unit and update on additional test well results- oil and gas 360

TETRA Technologies, Inc. announces expansion of smackover formation evergreen unit and update on additional test well results

(Oil & Gas 360) – THE WOODLANDS, Texas, April 24, 2025 /PRNewswire/ — TETRA Technologies, Inc. (“TETRA” or the “Company”) (NYSE:TTI) announced that on April 22, 2025 the Arkansas Oil & Gas Commission (“AOGC”) approved TETRA’s application to expand the previously approved Evergreen Unit from 6,138 gross acres to 6,953 gross acres.  A test well reported by a third party within the expansion unit acreage

Shale slowdown? Halliburton sounds the alarm- oil and gas 360

Shale slowdown? Halliburton sounds the alarm

(Oil Price) – The heightened oil market and macroeconomic uncertainties in recent weeks are baffling not only analysts. Halliburton, the oilfield services giant with the highest exposure to the U.S. fracking market, has just warned investors that its U.S. customers are re-evaluating drilling activity plans for 2025. “Looking forward, many of our customers are in the midst of evaluating their activity

Eni, UK government reach financial close for Liverpool Bay CCS project- oil and gas 360

Eni, UK government reach financial close for Liverpool Bay CCS project

(World Oil) – Eni has reached financial close with the UK Government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project, where Eni is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial Cluster.   The financial close allows the Liverpool Bay CCS project to move into the construction phase, unlocking

Oil prices rebound on hopes of U.S.-China tariff de-escalation- oila nd gas 360

Oil prices rebound on hopes of U.S.-China tariff de-escalation

(Oil Price) – Oil prices rose early on Thursday, recouping some of Wednesday’s losses, after signs emerged that there could be some tariff and trade talks between the United States and China. As of 9:28 a.m. EDT on Thursday, the U.S. benchmark, WTI Crude, was up by 0.95% on the day and traded at $62.86. The international benchmark, Brent Crude, traded 0.7%% higher

Kremlin says Russia is not holding gas supply talks with Europe or the US- oil and gas 360

Kremlin says Russia is not holding gas supply talks with Europe or the US

(BOE Report) – The Kremlin said on Thursday that Russia is not holding talks with Europe or the United States about Russian gas supplies via Ukraine. Russian gas supplies to Europe have collapsed since the start of the military conflict in Ukraine in February 2022 and blasts at the subsea Nord Stream pipelines. Gas exports to Europe from Russia via

Iran, France signal readiness for nuclear talks amid US negotiations- oil and gas 360

Iran, France signal readiness for nuclear talks amid US negotiations

(Investing) – DUBAI/PARIS -Iranian Foreign Minister Abbas Araqchi said on Thursday he was ready to travel to Europe for talks on Tehran’s nuclear programme, with France indicating European powers were also ready for dialogue if Tehran showed it was seriously engaged. Iran is looking to build on the momentum of nuclear negotiations with the United States that resume in Oman on