US Drillers Add Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes

(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 mid-March, energy services firm Baker…

Owners of WildFire Energy Explore $4 Billion-Plus Sale of US Shale Operator, Sources Say

(Reuters) – Investment firms Warburg Pincus and Kayne Anderson are exploring a potential sale of WildFire Energy, with any deal expected to value the U.S. shale operator at more than…

US LNG Exports to Asia Surged in April as Middle East Conflict Curtailed Supply

By Asia absorbed nearly a quarter of all US LNG exports in April The surge came despite a drop in total US LNG exports Another US LNG plant starts selling…

Syria Still Leans on Russia for Oil Supply

Russia remains Syria’s top oil supplier and has even boosted its sales so far this year despite the fact that the Middle Eastern country emerged from a 14-year-long civil war…

Trump’s Trade Czar Says U.S. Looking to Work with Canada on Energy and Critical Minerals

United States Trade Representative Jamieson Greer One source said Greer cautioned that Canada should not attempt to use those resources and critical minerals as leverage in negotiations on the trilateral…

Exxon Net Income Falls, Output Hit by Iran War

By Exxon profit hit by Middle East disruptions U.S.-Iran conflict hits output, volumes could fall further in second quarter Oil majors show uneven hits from U.S.-Iran war CFO says paper…

Chevron’s Upstream Strength Lifts First-Quarter Earnings Past Estimate

By Downstream segment swings to loss, mainly from timing effects Upstream earnings grow 4% year-on-year CFO says $1 billion in timing effects to unwind in Q2 HOUSTON, May 1 (Reuters)…

Iran Threatens Painful Response if US Renews Attacks

By and UAE bans citizens from visiting Iran, Lebanon and Iraq Trump ‘OK’ with Iran playing in World Cup Briefing scheduled for Trump on Thursday about strike options by US…

While Asia and Europe Scramble for Natural Gas, the US Glut Has Nowhere to Go

(Reuters) – The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In West Texas, gas is so abundant that some producers…

U.S. Oil and Gas Firms Sign Deals to Operate in Venezuela

Venezuela has signed agreements with two U.S. energy firms to operate in the country as a growing number of international oil and gas companies are vying to return to the…