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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).

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US refiner Phillips 66 posts bigger-than-expected quarterly loss

Oil & Gas 360º

refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases. However, this scheduled downtime temporarily reduces refinery utilization and the ability to capture revenue from margins, often impacting quarterly performance.

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MOL discovers new oil field in Western Hungary

Oil & Gas 360º

Based on the well tests carried out prior to March 2025, the well is currently proven to be capable of producing 1,200 bpd, which is transported by truck to the Danube Refinery in Szzhalombatta. MOL has ambitious E&P investment plans. This new discovery will also help meet the country’s energy needs.

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Investment Opportunities in the Oil and Gas Sector

Nestoil

Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources. Investment opportunities in this area include direct investment in E&P companies, partnerships, and joint ventures.

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Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream: Activities: Upstream refers to the exploration and production (E&P) phase of the oil and gas industry. Assets: Downstream assets include refineries, petrochemical plants, distribution networks, and retail outlets (gas stations). It also includes the distribution and sale of these products to consumers.

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Canada’s Suncor says it could cut 2026 capital spending if low oil prices persist

Oil & Gas 360º

Suncor also posted its best-ever first quarter for refinery throughput and sales. The company reported first-quarter profit of C$1.7 billion, or C$1.31 per share, on Tuesday that beat analysts expectations, and achieved its highest-ever first-quarter production of 853,000 barrels per day.

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bp’s reset plan can work with oil below $70, says CEO

Oil & Gas 360º

Despite the headwinds, Auchincloss highlighted BPs highest upstream operating efficiency in the history of the business, which included the best refinery availability in more than 20 years. That impacts supply, so were just cautiously moving forward.

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