Royal Dutch Shell PLC reported first-quarter earnings on a current cost of supply basis, excluding identified items, of $3.86 billion, up $2.23 billion from first-quarter 2016. Source: News

A sample of 65 US-based oil and gas producers and refiners collectively posted full-year 2016 net losses of $37.13 billion on revenues of $726 billion compared with net losses of $92.96 billion in 2015 on revenues of $871 billion. Source: News

Attendees of the annual Offshore Technology Conference over May 1-4 in Houston were more optimistic this year. Source: News

In political contests sure to follow environmental deregulation by the administration of US President Donald Trump, offense will work better than defense for the oil and gas industry. Source: News

A provision in a new economic cooperation agreement with China clarified its status as an importer of US LNG that does not have a free-trade agreement with the US. The provision in the May 11 US-China Economic Cooperation 100-Day Plan stated that China would be treated “no less favorably than other non-FTA trade partners with […]

Has shock over Brexit made British politicians, as they say, daft? Source: News

The US drilling rig count during the week ended May 12 recorded its 17th consecutive increase, bolstered again by rigs targeting oil, drilling horizontally, and stationed on the Permian basin. Source: News