US Drillers Add Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since February, energy services firm Baker…
Activist Investor Elliott Pushes for Change in BP Strategy Chief and Structure
(Reuters) – Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and create separate units for upstream and downstream activities to improve accountability, a source…
Energy Secretary Aims to Reassure Oil Bosses Amid Trade War
Chris Wright Energy Secretary Chris Wright reassured US oil companies that the turmoil from President Donald Trump’s trade war is short-term and the administration supports increased crude output. Wright predicted…
SLB Wraps Up Oilfield Services Quarter With Profit Miss, Cautious Outlook
Summary SLB joins rivals Halliburton and Baker Hughes in flagging caution Latin America revenue dips 10%, driven by a sharp decline in drilling in Mexico North America revenue rises 8%…
Lyondell Houston Refinery Ceased Operations in February, Company Says
(Reuters) – Lyondell Basell Industries permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company’s chief executive during a Friday conference call. Reuters reported on…
US Refiner Phillips 66 Posts Bigger-Than-Expected Quarterly Loss on Lower Margins
(Reuters) – Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid widespread maintenance and turnaround activities across the U.S. refining sector.…
Oil Set for Weekly Fall Under Supply Pressure
Summary Brent, WTI erase earlier gains following tariff uncertainty Both contracts set for weekly declines OPEC+ to consider another accelerated oil output increase for June LONDON, April 25 (Reuters) –…
US Plans Alaska LNG Summit, Urges Japan, South Korea to Support Project, Source Says
(Reuters) – President Donald Trump’s energy security council plans to host a summit in Alaska in early June, when it hopes Japanese and South Korean officials will announce commitments to…
US Aims to Boost Offshore Oil Drilling by Easing Pressure Rules
(Reuters) – The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf…
US Clashes With Allies on Energy Security Vision at IEA Summit
By Ed Miliband during the International Summit on the Future of Energy Security in London. Photographer: Chris J. Ratcliffe/Bloomberg At this week’s flagship international summit on energy security, the clashing…
