Arathy Somasekhar

Houston

U.S. Energy Reporter at Reuters

U.S. energy reporter @Reuters | Focused on crude markets, previously energy companies | Tips to [email protected], DM for Whatsapp/Signal

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Articles

Shell faces delays on two wells at offshore Perdido development in US Gulf

5 days ago | reuters.com | Arathy Somasekhar

A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo HOUSTON, May 9 (Reuters) - Shell (SHEL.L), opens new tab, the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore development were delayed to the end of the year, while one was brought online in March.
Shell faces delays on two wells at offshore Perdido development in US Gulf

5 days ago | ca.marketscreener.com | Arathy Somasekhar

SHELL PLC Add to a list Market Closed - London S.E. 11:35:09 2025-05-09 EDT 5-day change 1st Jan Change 2,458.00 GBX +0.90% +0.88% -0.73% Shell faces delays on two wells at offshore Perdido development in US Gulf Published on 2025-05-09 at 12:41 HOUSTON (Reuters) -Shell, the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore development were delayed to the end of the year, while one was brought online in March. All three wells, part of...
U.S. exports of natural gas liquids touch record high in April

1 week ago | reuters.com | Arathy Somasekhar |Georgina McCartney

HOUSTON, May 8 (Reuters) - U.S. exports of natural gas liquids touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed. The recent trade developments have threatened U.S. exports of natural gas liquids (NGLs), such as ethane, butane and propane, used to make plastics and chemicals as well as for heating and cooking.
U.S. exports of natural gas liquids touch record high in April

1 week ago | today.westlaw.com | Arathy Somasekhar |Georgina McCartney |David Gregorio

HOUSTON (Reuters) -U.S. exports of natural gas liquids touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed. The recent trade developments have threatened U.S. exports...
Offshore Producer Beacon Sees First Oil from Shenandoah in June

1 week ago | hartenergy.com | Arathy Somasekhar |Georgina McCartney

U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on May 6. The floating production unit, which is expected to produce 120,000 bbl/d of oil, was in the final stage of being hooked up and commissioned, Michael Clarke, Beacon's vice president of deepwater developments, said at a conference in Houston.
Oil steadies after falling to four-year lows in previous session

1 week ago | zawya.com | Arathy Somasekhar

Oil steadied on Tuesday after hitting four-year lows in the previous session that was driven by an OPEC+ decision to accelerate output increases, stoking fears of oversupply at a time when U.S. tariffs have spurred concerns about demand. Brent crude futures rose 10 cents to $60.33 a barrel by 0050 GMT, while U.S. West Texas Intermediate crude added 10 cents to $57.23 a barrel. Both benchmarks had settled at their lowest since February 2021 on Monday.
US Gulf oil output could rise to 2.4 million barrels per day, industry leaders say

1 week ago | today.westlaw.com | Paul Simao |Arathy Somasekhar |Liz Hampton |Sheila Dang

HOUSTON (Reuters) -Oil output from the U.S. Gulf of Mexico can continue growing despite market uncertainty created by the most geopolitical volatility in decades, oil and gas industry leaders said on Monday.
U.S. crude and gasoline stockpiles fell last week, distillate inventories rose: EIA

2 weeks ago | theglobeandmail.com | Arathy Somasekhar |Laila Kearney
Chevron Tankers Pivot as PDVSA Cancels U.S. Loads

2 weeks ago | energiesnet.com | Arathy Somasekhar |Franklin Paul |David Gregorio

Marketing of the ships indicates Chevron will not load all cargoes this month. One Venezuelan crude cargo still pending return. Arathy Somasekhar, Reuters HOUSTON EnergiesNet.com 04 25 2025 Some tankers Chevron had chartered to move crude from Venezuela to the U.S. this month are now being marketed for spot contracts elsewhere, sources said, after state company PDVSA canceled loading permits and ordered the firm to return cargoes amid payment uncertainty related to sanctions.
Baker Hughes forecasts drop in producer spending as tariffs pinch demand

3 weeks ago | kfgo.com | Arathy Somasekhar |Mrinalika Roy

By Arathy Somasekhar and Mrinalika RoyHOUSTON (Reuters) -U.S. oilfield service provider Baker Hughes on Wednesday forecast steeper drops in spending by global oil producers as tariffs dent demand expectations and push down prices for crude. Baker Hughes echoed rival Halliburton’s concerns on Tuesday, that weak oil prices could push down oilfield activity in North America.