Japan's Nikkei soars above 62,000 due to earnings and Middle East optimism. JGBs rally
The Nikkei share index in Japan reached a new record high on Thursday, and Japan's bonds also rose as the financial markets reopened following the holidays. This was due to…
Shale producer APA beats first-quarter profit estimates
U.S. shale oil producer APA surpassed Wall Street expectations for the first-quarter profit?Wednesday as higher oil?prices offset a 'decrease in output. The quarter reported…
Occidental abandons new oil hedges amid price volatility caused by the Iran war
Occidental Petroleum, a U.S. shale oil producer, will not be adding more?oil hedging this year due to the volatility of crude?prices after the Iran war. Chief Financial Officer…
Even if the conflict ends, oil supply shock will worsen due to further decline in inventories
Even if U.S. and Iran reach a peaceful agreement to end their conflict, oil supplies will tighten in the coming weeks. It will take weeks for oil to be shipped from the Middle East Gulf to refiners around the world.
Unknown Serbian group offers $2.35 billion to buy stake in Russian oil company NIS
A newly formed Serbian firm has bid 2 billion euros (2,35?billion dollars) for the combined 56.1% share of NIS, Serbia's lone oil refinery. According to Ranko Mimovic, the Russian…
Cenovus, a Canadian company, reports record profits after acquiring MEG.
The Canadian oil and gas producer, Cenovus Energy, posted a record-breaking first quarter profit on Wednesday. This was largely due to higher benchmark crude oil prices. Cenovus acquired MEG in the past year…
NOC: Libya's Bouri Gas Project to begin production in September for local gas supply
The National Oil Company of Libya announced on Tuesday that Mellitah Oil and Gas Company had completed the'manufacturing and assembly' of units of the Bouri Gas Utilization Project.
US shale producer EOG Resources beats quarterly profit estimates
EOG Resources beat the first-quarter profit estimates on Tuesday. This was due to higher production and a?stronger price for natural gas?. The average realized price for?natural gas?
Shale producer Occidental beats quarterly profit estimates
The war in Iran weighed heavily on the?global?operations of Occidental Petroleum, a producer of shale oil. After the U.S./Israeli war on Iran, oil prices were volatile in the first quarter.
Devon Energy misses profit forecasts for the first quarter due to production decline
As a result of lower production, Devon Energy's first-quarter profits fell short of Wall Street expectations on Tuesday. Results of a shale oil producer. The first-quarter production dropped to 387…
Sources say that US shale producer Gulfport Energy will name Dell'Osso CEO
People familiar with the matter on Tuesday said that Gulfport 'Energy' is set to appoint Domenic 'Dell'Osso the next chief executive 'of the U.S. natural 'gas focused 'producer.
Exxon's VP of exploration claims that AI is being used to analyze Guyana's oilfields faster.
Exxon Mobil uses artificial intelligence and new technologies to interpret seismic data from Guyana within days, rather than months, according to John Ardill, vice president of exploration at the company.
Waldorf Productions UK restructuring plan is approved despite opposition from tax authorities
The London High Court approved Waldorf Production’s restructuring plan on Tuesday, despite the opposition of Britain’s tax authority regarding the company’s 'windfall tax liabilities'.
ADNOC to promote shale oil and gas projects following UAE's OPEC withdrawal
ADNOC Abu 'Dhabi expects to reach a final investment decision on its unconventional gas with TotalEnergies 'this year, and approval of a separate unconventional petroleum project is expected to follow shortly…
Norway issues up to 70 new drilling permits for oil and gas
Norway's government announced on Tuesday that it is offering energy companies a total of?70?blocks in its annual licensing round to help them explore for oil and natural gas.
Data shows that Russian LNG exports increased by 8.6% from January to April.
The preliminary LSEG data on Tuesday showed that Russia's liquefied gas exports grew 8.6% from January to April to 11.4 millions metric tons compared to the same period last year.
Officials say that five people were killed in a Russian attack on Ukraine's Naftogaz Gas Production Facilities
?A Russian missile and drone attack overnight on gas 'production facilities' in Poltava, Poltava, and Kharkiv, Ukraine, killed five people including two rescue workers and cut off gas to thousands of homes…
Thailand cancels 25-year old agreement with Cambodia for joint energy exploration
Thailand has canceled a 25-year old?agreement? with Cambodia that was meant to promote joint offshore energy exploration, Thailand's Premier said. He refused to heed the calls…
Norway Wealth Fund fails to meet its climate goals, according to NGO
A report from an environmental NGO on Tuesday said that Norway's $2.2 billion sovereign wealth fund is not engaging in climate change with the companies it invests in, despite its stated intentions to do so.
Diamondback increases annual production forecast as oil prices rise
U.S. shale oil producer 'Diamondback Energy' raised its annual production forecast on Monday after exceeding Wall Street expectations with a 'first-quarter profit due to a rise in oil prices.
