Total SA reported first-quarter adjusted net income of $1.61 billion, up from a $1.63-billion net loss in fourth-quarter 2015 but down from earnings of $2.66 billion in first-quarter 2015. Source: News

Hess Corp. reported a first-quarter net loss of $509 million compared with a net loss of $389 million during first-quarter 2015. Source: News

Bangladesh Petroleum Corp. (BPC) has let a contract to Engineers India Ltd. (EIL) for work related to a project designed to triple crude oil processing capacity at subsidiary Eastern Refinery Ltd.’s (ERL) 1.5 million-tonne/year refinery at Chittagong, Bangladesh. Source: News

Reflecting lower prices for liquids and natural gas, Statoil ASA reported first-quarter earnings of $857 million, a decline of 71% compared with $2.945 billion in the same period in 2015. Source: News

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 2 million bbl during the week ended Apr. 22 compared with the previous week’s average, according to data from the US Energy Information Administration’s Petroleum Status Report. Source: News

Light, sweet crude prices for June delivery jumped by more than $1/bbl in Apr. 26 trading. The momentum continued in early Apr. 27 trading with benchmark prices on the New York market reaching above $45/bbl for the first time this year. Source: News

Depressed prices have made oil and gas a very minor issue in the 2016 US election campaigns, but candidates’ few references to the industry are so polarized that they reveal unusual and discouraging ignorance, speakers agreed during an Apr. 26 discussion at the Center for Strategic and International Studies. Source: News