Oil & Gas News Monitoring

Russia in economic freefall as GDP 'crashes' and oil and gas revenues plummet 17%

Russia’s economy is grinding to a halt as the structural limits of its war-driven expansion become clear, a Ukrainian banker has warned. Kyrylo Shevchenko, former governor of the National Bank of Ukraine, said the Kremlin’s military-fuelled boom had “run …

Oil Rises as Traders Parse Signals on Trade Before OPEC+ Meeting

Crude has still shed about 16% this year, touching a four-year low, as the Trump administration’s bid to rework the global trading system through punitive levies fanned concerns it’ll drag economies into recession, hurting energy demand. In addition, moves …

BOEM seeks public comment on new OCS oil and gas leasing program - 05/04/2025

Kristen Nelson Petroleum News The U.S. Department of the Interior said April 29 that the Bureau of Ocean Energy Management would request information and comments on the 11th National Outer Continental Shelf Oil and Gas Leasing Program, beginning with …

Oil major Shell launches $3.5 billion share buyback after first-quarter profit beat

The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Friday reported stronger-than-expected first-quarter profit and kept the pace of its share buyback …

Markets Climb Despite Trump Tariffs, Oil Hits: Live Updates

U.S. stock futures increased Friday morning as Wall Street anticipated another blockbuster session fueled by Big Tech earnings. Market sentiment is in spite of fresh labor data and rising tariff tensions under President Donald Trump that hang over the …

Lo: ConocoPhillips exit provides chance for Sarawak to reclaim greater control over oil and gas future

File photo for illustration purposes KUCHING (May 2): Batu Kitang assemblyman Lo Khere Chiang opines that ConocoPhilips’ withdrawal from the Salam-Patawali deepwater project serves as a long-overdue opportunity for Sarawak to take greater control of its …

Chevron and Exxon profits drop on falling oil price

Tullow Oil Confirms Shareholder Voting Rights in Regulatory Filing

Tullow Oil plc disclosed its total voting rights as of 30 April 2025 in compliance with the UK Financial Conduct Authority’s transparency rules. The energy firm reported 1,460,890,410 ordinary shares outstanding, each with a nominal value of 10 pence. No …

Palm oil prices rise but a stronger ringgit and weak demand cap gains

Malaysian palm futures edged higher on Friday, after three sessions of decline. The gains were limited by the stronger ringgit, and weak demand in key markets. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was up 0 …

Profits at American oil giants Exxon Mobil and Chevron fall in tandem with waning energy demand

Exxon Mobil’s first quarter profit slumped to the lowest level in years, stung by weaker crude prices and higher costs. The oil and gas giant earned $7.71 billion, or $1.76 per share, for the three months ended March 31. It earned $8.22 billion, or $2.06 …

Chevron Cuts Buybacks and Exxon Sits Tight as Oil Plunges

Chevron Corp. will reduce share buybacks this quarter after oil prices tumbled, indicating that President Donald Trump’s trade war is hurting a key US industry he pledged to help. The Houston-based company said Friday it will repurchase about $2.75 billion …

Lower Oil Prices Lead to Growth Slowdown Across the Middle East

By Editorial Dept - May 02, 2025, 9:30 AM CDT Numbers Report – May 02, 2025 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig …

Hess Logs Lower Quarterly Profit on Weaker Oil

Hess Corp. has reported $559 million in adjusted net income for the first quarter (Q1), down about 42 percent from the same three-month period a year ago as lower oil prices offset higher natural gas prices. Adjusted earnings per share post-dilution came …

Oil Rebounds But Set for Another Weekly Loss

Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav - May 02, 2025, 2:00 AM CDT Oil prices temporarily increased due to reports of potential tariff negotiations between …

Oil prices are down over last 6 months: what does it mean for gas prices?

Canary CEO Dan Eberhart discusses how the Trump administration plans to use emergency policies to fast-track domestic energy production on ‘Maria Bartiromo’s Wall Street.’ Oil prices are at their lowest levels since the spring of 2021. At Thursday's …

Crude Oil Prices Retreat as Demand Cracks and Supply Risks Mount

Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent supply outlook weighed on sentiment. West Texas Intermediate (WTI) briefly hit a low of $56.39 before recovering to $59.24 by …

Utah couple arrested at 27,000 sq ft mansion for allegedly running $300M scam smuggling oil from Mexico

James Lael and Kelly Anne Jensen’s sprawling, $9-million mansion in Sandy, Utah is the kind of luxury home out of reach to the average American — but not to the long arm of the law. As KSL-TV reports, U.S. Marshals arrested the couple at their 27,000- …

Trump & Tariffs: India’s crude oil purchases from the US to surge in April-June

Crude from the US offers a viable option, providing high-quality, light-sweet grades that are well-suited for India’s refining capacities.  | Photo Credit: RICHARD CARSON As India and the US deliberate on the fine print of a bilateral trade deal, the world …

Profits for American oil giants like Exxon Mobil and Chevron fade in tandem with oil demand

Exxon Mobil’s first quarter profit slumped to the lowest level in years, stung by weaker crude prices and higher costs. The oil and gas giant earned $7.71 billion, or $1.76 per share, for the three months ended March 31. It earned $8.22 billion, or $2.06 …

SABR Coalition Commends Reintroduction of Biodiesel Blenders Tax Credit in US House of Representatives

The biodiesel group and its members urge Congress to include the two-year BTC extension in the budget-reconciliation process. JEFFERSON CITY, MO, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- The Sustainable Advanced Biofuel Refiners (SABR) …

Kitchener’s HVAC Company, Able Air Conditioning & Heating Inc. Celebrates Winning The 2025 ThreeBestRated® Trophy

KITCHENER, ONTARIO, CANADA, May 2, 2025 /⁨EINPresswire.com⁩/ -- HVAC is directly related to comfort. In the busy city of Kitchener, the importance of a good HVAC system can never be overstated, as its unpredictable climate demands a reliable …

Hydrogen Compressor Market estimated to reach US$5.303 billion by 2030 at a CAGR of 6.15%

The hydrogen compressor market is anticipated to grow at a CAGR of 6.15% from US$3.934 billion in 2025 to US$5.303 billion by 2030. NEW YORK, NY, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- According to a new study published by Knowledge …

MEA Energy Association Launches Utility Leadership Accelerator Program – Manager Edition

Empowering Mid-Level Utility Leaders Through Targeted, Industry-Specific Development BLOOMINGTON, MN, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- MEA Energy Association (MEA) is proud to announce the launch of its new Utility Leadership …

Business Awards UK 2025 Clean Energy Awards: Powering Progress in Renewables

DONCASTER, UNITED KINGDOM, May 2, 2025 /⁨EINPresswire.com⁩/ -- Business Awards UK is pleased to announce the winners and finalists of the 2025 Clean Energy Awards, recognising outstanding contributions across the UK’s clean and renewable energy …

TurnOnGreen, Inc. Reports Strong Electric Vehicle Charging Network Growth in 2024

MILPITAS, Calif., May 02, 2025 (GLOBE NEWSWIRE) -- TurnOnGreen, Inc. (OTC:TOGI) (“TurnOnGreen” or the “Company”), a developer and provider of electric vehicle (“EV”) charging solutions and mission-critical power electronics products, today announced …

Brookfield Renewable Announces Strong First Quarter Results

All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, News, May 02, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable Partners”, "BEP") today reported financial results for …

Water On Demand Featured in Upcoming TV Series 'The Raise'

Highlighting creative solution to trillion-dollar water deficit CLEARWATER, FL, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Water On Demand Inc. (WODI), a fintech-focused company turning water systems into tax-leveraged assets, and American …

PV-Carport-Lösungen mit smarter Parkplatzverwaltung: Gorfion Green Energy und EnoPark starten strategische Partnerschaft

Kunden von Gorfion Green Energy und EnoPark können PV-Carports inklusive intelligenter Parkplatzmanagement-Software ohne Eigeninvestitionen realisieren. KONSTANZ, GERMANY, May 1, 2025 /⁨EINPresswire.com⁩/ -- Die Gorfion Green Energy und das …

PteroDynamics Exhibits at SOF Week 2025 Annual Conference for Special Operations Forces

COLORADO SPRINGS, CO, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- PteroDynamics Inc., an innovator in autonomous vertical takeoff and landing (VTOL) aircraft systems, today announced that it is exhibiting at SOF Week 2025, the annual convention for …

Klean Industries Secures Global Patent Protection for End-of-Life Tire Pyrolysis Technology

International PCT Patent Reinforces Klean’s Leadership in Advanced Resource Recovery NEW YORK, NY, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Klean Industries Inc. (“Klean”), a global leader in tire pyrolysis and circular economy solutions …

Edo Collaborates with Piclo to Bring Commercial Buildings into Connecticut Flexibility Marketplace

Edo and Piclo partner to bring flexible load from commercial buildings into Connecticut demand flexibility program. SEATTLE, WA, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Edo, a leader in demand flexibility and building energy …

Pando Electric Awarded $5.4 Million CEC Grant to Expand Multifamily Housing EV Charging Across California

Pando Electric wins $5.4M CEC grant to install 1,600+ EV chargers, bringing affordable, reliable charging to multifamily homes across California. SAN JOSE, CA, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Pando Electric, the fastest-growing …

Grimes Carbon Tech Says U.S. Can Produce Enough Rare Earths to Exceed Demand for the Next 1,000 Years

GCT to preview its proprietary technology on May 21, 2025 at 10 am EDT (GMT-4) NEW YORK, NY, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Green energy start-up, Grimes Carbon Tech (GCT) will preview its proprietary technology for turning existing …

Enact Solar Announces Strategic Partnership with Renusol

Partnership will Enable Solar Installers to Streamline Operational Efficiency and Reduce Costs Through Software Platform Integration PLEASANTON, CA, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Enact Solar, the award-winning intelligent …

A Leader In Hurricane Prediction, Weather 20/20 Predicts 20 Named Storms

Backed by 3 years of top-ranked accuracy, Weather 20/20 forecasts a high-impact 2025 hurricane season with major U.S. landfall threats. KANSAS CITY, MO, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Weather 20/20, a global leader in …

Advanced Recycling Market estimated to reach US$3.783 billion by 2030 at a CAGR of 13.08%

The advanced recycling market is anticipated to grow at a CAGR of 13.08% from US$2.046 billion in 2025 to US$3.783 billion by 2030. NEW YORK, NY, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- According to a new study published by Knowledge …

CustomWeather Launches a-la-carte Customized Daily Weather Reports

Construction, Energy, Outdoor Venues, Agriculture and Marine sectors can order weather reports and forecasts, delivered daily for pinpoint locations worldwide. MILL VALLEY, CA, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- CustomWeather, Inc. …

CustomWeather Launches a-la-carte Customized Daily Marine Reports

Offshore Platforms, Dredging, Marine Surveying and related marine sectors can order custom marine reports, delivered daily for pinpoint locations worldwide. MILL VALLEY, CA, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- CustomWeather, Inc. …

Smart Transformer Market Size, Share, Trends, Growth, Forecast, and Regional Insights 2024–2035

Smart Transformer Market was valued at USD 2.7 billion in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period (2025-2035). INDORE, INDIA, May 1, 2025 /⁨EINPresswire.com⁩/ -- The market growth is recognized due to the …