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Solar, Wind Energy Projects on US Lands Will Get Elevated Reviews

July 17 (Reuters) – The Trump administration said on Thursday that decisions related to solar and wind energy facilities on federal lands will be reviewed by the office of Interior Secretary Doug Burgum to end what it says has been preferential treatment for the renewable energy sources. The elevated scrutiny is aligned with President Donald … Read more

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Slovakia to Allow Approval of New EU Sanctions on Russia on Friday, PM Fico Says

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PRAGUE, July 17 (Reuters) – Slovakia will stop blocking the approval of the 18th package of European Union sanctions against Russia on Friday, Prime Minister Robert Fico said. Fico said on Thursday Slovakia had achieved as much as it could at this point, after blocking the EU’s approval of the sanctions multiple times to demand … Read more

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FTC Reverses Order Barring John Hess From Chevron Board

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WASHINGTON, July 17 (Reuters) – The U.S. Federal Trade Commission on Thursday reversed a previous order that had barred Hess Corp (HES.N) CEO John Hess from the board of directors at Chevron (CVX.N) as a condition of the oil giant’s pending $53 billion acquisition of his company. ExxonMobil (XOM.N) and Hess are locked in an … Read more

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EU Opens Door to Funding Nuclear Energy in Next Budget

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By Kate Abnett BRUSSELS, July 17 (Reuters) – The European Commission wants to open up part of its proposed 2 trillion euro EU budget for 2028-2034 to nuclear energy, a move likely to divide the bloc’s member states, which Germany immediately rejected. In an annex to its mammoth budget proposal published on Wednesday, the Commission … Read more

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Petrobras May Redirect Oil to Asia Due to US Tariff on Brazil, CEO Says

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer

(Reuters) – Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday. Although oil and gas exports make up a hefty share of Brazil’s exports to the … Read more

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US Crude Stockpiles Fall as Exports Rise; Fuel Demand Drops, EIA Says

*Crude inventories drop by 3.9 mln bbls, surpassing forecast *Brent and US crude futures extend losses after EIA report *Crude exports rise to 3.5 mln bpd, EIA reports (Adds details throughout, commentary, market reaction, milestones) By Stephanie Kelly CHICAGO, July 16 – U.S. crude oil stockpiles fell last week as exports rose, while gasoline and … Read more

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Freeport LNG Export Plant in Texas on Track to Return to Full Power, LSEG Data Shows

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U.S. liquefied natural gas company Freeport LNG’s export plant in Texas was on track to take in more natural gas on Thursday, two days after one of the plant’s three liquefaction trains shut, according to a company filing with state regulators and gas flow data from financial firm LSEG. Freeport told Texas environmental regulators on … Read more

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Oil Prices Little Changed as Iraq Outages Clash With Tariff Worries

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(Reuters) – Oil prices were little changed on Friday after rising in the previous session as concerns drone attacks on northern Iraqi oil fields will cut supply vied with worries of potential demand declines amid uncertainty in U.S. tariff policy. Brent crude futures eased 4 cents, or 0.06%, to $69.48 a barrel as of 0239 … Read more

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New York Halts Offshore Wind Transmission Plan Amid Federal Uncertainty

July 17 (Reuters) – The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers from premature infrastructure costs, it said on Thursday. This halts the Public Policy Transmission Need process of seeking proposals to deliver up to 8 gigawatts of offshore … Read more

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US Solar Panel Makers Seek Tariffs on Imports From Indonesia, India, Laos

Solar Panels

By Nichola Groom July 17 (Reuters) – A group of U.S. solar panel manufacturers asked the Commerce Department on Thursday to impose tariffs on imports from Indonesia, India and Laos, accusing companies there of dumping cheap goods in the market to undercut new American factories. The petition is the latest effort by the small U.S. … Read more

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Oil Jumps After Further Drone Attacks on Iraq Oil Fields

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By Erwin Seba Middle East tensions add volatility to oil market Tight crude, product inventories support market Analysts expect possible price weakness before U.S. tariffs revealed HOUSTON, July 17 (Reuters) – Oil prices rose on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region. … Read more

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Freeport LNG Export Plant in Texas on Track to Return to Full Power, LSEG Data Shows

freeport lng april 2024 1200x810

(Reuters) – U.S. liquefied natural gas company Freeport LNG’s export plant in Texas was on track to take in more natural gas on Thursday, two days after one of the plant’s three liquefaction trains shut, according to a company filing with state regulators and gas flow data from financial firm LSEG. Freeport told Texas environmental … Read more

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US Withdrew Oil From Strategic Reserve Last Week for First Time Since 2023, EIA Shows

storage strategic reserve1200x810 dec 1 2022

The United States withdrew oil from its Strategic Petroleum Reserve for the first time last week since December 2023, data from the Energy Information Administration showed on Wednesday. 300,000 barrels of crude oil were taken out of the reserve last week, the data showed. The U.S. Energy Department had announced last week that it will … Read more

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SLB Completes Acquisition of ChampionX

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Enhanced portfolio drives innovation in production and reservoir recovery, expands SLB’s presence in high-growth vertical, and accelerates digital adoption HOUSTON–(BUSINESS WIRE)–SLB (NYSE: SLB) announced today that it has closed its previously announced acquisition of ChampionX Corporation. Under the terms of the agreement, ChampionX shareholders received 0.735 shares of SLB common stock in exchange for each ChampionX share. … Read more

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How Canada’s Oil Sands Transformed Into One of North America’s Lowest-Cost Plays

(July 16 – Reuters) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. As the global oil industry enters … Read more

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Oilfield Run by US Firm Hit in Drone Attack in Iraqi Kurdistan, Sources Say

BAGHDAD, July 16 (Reuters) – A drone attack struck an oilfield operated by U.S. company Hunt Oil in the Iraqi Kurdish city of Dohuk on Wednesday, security sources said. It was the latest in a series of attacks on oilfields in the semi-autonomous Kurdistan region in recent days. It also marked the second attack on … Read more

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Venture Global Signs 20-Year Contract to Supply LNG to Italy’s Eni

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By Francesca Landini MILAN, July 16 (Reuters) – Venture Global (VG.N) will supply 2 million metric tons a year of liquefied natural gas to Italian state-controlled energy group Eni (ENI.MI), the two companies said on Wednesday. The deal is Eni’s first long-term contract for LNG coming from the United States after Italian prime minister Giorgia … Read more

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Oil Rises as Demand Hopes and Economic Data Lift Sentiment

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(Reuters) – Oil prices rose in early trade on Thursday, reversing the previous session’s losses, buoyed by stronger-than-expected economic data from the world’s top oil consumers and signs of easing trade tensions. Brent crude futures rose 27 cents, or 0.39%, to $68.79 a barrel at 0000 GMT. U.S. West Texas Intermediate crude futures were up … Read more

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Ford Promises a Parade of Affordable Electric Vehicles

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The pickup giant will also pivot to hybrids and extended-range EV models, sustainability chief Bob Holycross says. By Kyle Stock An electric Ford Explorer sports utility vehicle (SUV) on an assembly line in Cologne, Germany, in 2023.Photographer: Alex Kraus/Bloomberg Ford Motor Co.’s cheapest electric vehicle can be had for just shy of $38,000. That’s 22% … Read more

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Kinder Morgan Quarterly Profit Jumps on Strong Natgas Demand

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By Vallari Srivastava July 16 (Reuters) – Kinder Morgan (KMI.N) posted a 24% rise in second-quarter profit on Wednesday, as higher volumes of natural gas were transported through its pipelines and demand for the company’s infrastructure rose. Pipeline operators such as Kinder Morgan are benefiting from an increase in demand for natgas, primarily driven by … Read more

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Solar and Wind Groups Seek California Aid After Trump Subsidy Cuts

July 16 (Reuters) – Clean energy companies are asking California leaders for help getting their projects going before changes to federal subsidies in President Donald Trump’s sweeping new tax and spending law make them more expensive and difficult to build. In a letter to California Governor Gavin Newsom and state legislative leaders circulated on Wednesday, … Read more

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Microsoft, US National Lab Tap AI to Speed Up Nuclear Power Permitting Process

Microsoft

By Stephen Nellis SAN FRANCISCO, July 16 (Reuters) – Microsoft and a U.S. national laboratory on Wednesday said they are partnering to examine how artificial intelligence could be used to speed up the process of compiling the documents needed to secure permits for new nuclear power plants. Microsoft (MSFT.O) and the Idaho National Laboratory (INL) … Read more

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Venture Global and Eni Announce 20-Year LNG Sales and Purchase Agreement

venture global flop swiftly wipes out $39 billion after ipo

ARLINGTON, Va.–(BUSINESS WIRE)–Today, Venture Global, Inc. (NYSE: VG) and Eni S.P.A. of Italy announced the execution of a new Sales and Purchase Agreement (SPA) for the purchase of 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG, Venture Global’s third project, for 20 years. This deal marks Eni’s first ever … Read more

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Venture Global Proposes Larger Expansion at Plaquemines LNG Facility, Filing Shows

venture global calcasieu pass lng 1200x810

Venture Global wants to expand its Plaquemines LNG export facility by 24.8 million metric tons per annum (mtpa), almost 6 mtpa more than it originally proposed just four months ago, according to a regulatory filing issued late on Monday. Venture Global is already constructing the United States’ second-largest LNG plant in Plaquemines Parish, Louisiana, and … Read more

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Ex-Pioneer CEO Cannot Challenge Order Barring Him From Exxon board, FTC Says

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Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, cannot directly challenge a Biden-era order barring him from ExxonMobil’s board after its acquisition of Pioneer, the Federal Trade Commission said on Tuesday, while adding it would revisit the order regardless. While the FTC’s three Republican commissioners voted unanimously to deny Sheffield’s bid on … Read more

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Four Injured After Fire at Chevron Pascagoula, Mississippi Refinery

oil,refinery,plant,and,industrial,factory,building,construction,from,engineering

July 15 (Reuters) – Four contract workers were injured after a fire at Chevron’s (CVX.N) 356,440 barrels-per-day (bpd) Pascagoula, Mississippi refinery on Monday, the company said in an email statement. An incident at the refinery’s wastewater treatment area led to the fire, a Chevron spokesperson said. The spokesperson added that the fire was extinguished quickly … Read more

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Oil Prices Gain on Demand Expectations amid Improving Economy

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(Reuters) – Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world’s two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%, to $69 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were up 40 cents, or 0.6%, … Read more

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Trump Joins Tech and Energy Executives Amid AI Push

data centre 1200x810

By Jarrett Renshaw Trump to announce some $90 bln in energy and data center investments in Pennsylvania The event comes as White House prepares executive orders to boost AI and data centers Big Tech is scrambling to access a strained national power grid to power the energy-guzzling data centers PITTSBURGH, Pennsylvania, July 15 (Reuters) – … Read more

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Blackstone to Invest $25 bln in Data Centers and Natural Gas Plants, COO Says

data centre nov 2024 1200x810

(Reuters) – Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh. Gray said Blackstone had identified several sites to build large data centers and would also later … Read more

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Google Inks $3 Billion US Hydropower Deal in Largest Clean Energy Agreement of its Kind

By Laila Kearney NEW YORK, July 15 (Reuters) – Google has agreed to secure as much as 3 gigawatts of U.S. hydropower in the world’s largest corporate clean power pact for hydroelectricity, the company said on Tuesday, as Big Tech pursues the expansion of energy-hungry data centers. The deal between Google and Brookfield Asset Management … Read more

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Meet Atlas: The Digital Platform Advancing Emissions Tracking and Operational Intelligence

atlas full lockup colour larger tag 400x270

As oil and gas producers face increasing pressure to reduce emissions and validate performance, having access to real-time, high-integrity data is no longer optional—it’s essential. Kathairos Solutions introduces Atlas, an advanced digital platform purpose-built to deliver clear operational visibility, tailored reporting, and actionable emissions insights. Atlas centralizes site-level data and simplifies complex decision-making by combining smart … Read more

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SLB’s ChampionX Deal Clears Final Hurdle With UK Approval

slb headquaters 1200x810

(Reuters) – Britain’s antitrust watchdog has cleared oilfield services firm SLB’s $8 billion acquisition of ChampionX after accepting commitments to address competition concerns, with the deal set to close on Wednesday. The UK’s Competition and Markets Authority accepted commitments from SLB and ChampionX instead of launching a more detailed Phase 2 investigation, it said on … Read more

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Germany’s Wind Power Expansion Picks Up, But Targets Still Missed, Says Lobby

BERLIN, July 15 (Reuters) – Germany’s onshore wind power sector recorded its strongest half-year since 2017, but the expansion still falls short of the legally mandated targets, the BWE wind power lobby said on Tuesday. Berlin aims to source 80% of Germany’s electricity from renewable energy by 2030, a goal accelerated by recent reforms and … Read more

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COMMENTARY: Markets Call Trump’s Bluff on Russian Oil Sanctions in Increasingly Risky Game – Bousso

By Ron Bousso Oil markets discount risk of Trump hitting Russia with secondary sanctions Russia produces nearly 10% of global oil, is the third largest exporter Secondary sanctions could lead to severe energy price shock, inflation LONDON, July 15 – U.S. President Donald Trump’s threat to choke off Russia’s oil revenue via secondary sanctions would … Read more

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Russia Does Not Care About Trump’s ‘Theatrical Ultimatum’, Senior Official Says

Putin and Trump

Russia does not care about U.S. President Donald Trump’s “theatrical ultimatum” about slapping sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in Ukraine, a senior security official said on Tuesday. Trump, sitting beside NATO Secretary General Mark Rutte in the Oval Office, on Monday, announced new weapons for Ukraine and … Read more

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Oil Slips as Trump’s 50-Day Deadline for Russia Eases Supply Fears

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By Stephanie Kelly Potential sanctions on Russia could alter oil market outlook, ING analysts note China’s economic data supportive for prices despite global growth concerns NEW YORK, July 15 (Reuters) – Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump’s 50-day deadline for Russia to end the war in Ukraine … Read more

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US Natgas End-of-Season Storage Seen at Three-Year Low in October

Natural Gas Terminal

U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.797 trillion cubic feet (tcf) on October 31, 2025, according to analysts’ estimates. That compares with an eight-year high of around 3.938 tcf at the end of the summer injection season in 2024 and a five-year … Read more

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In Reversal, Trump Arms Ukraine and Threatens Sanctions on Countries that Buy Russian Oil

trump at podium 1200x810 march 2 2025

By Anastasiia Malenko, Steve Holland and Dan Peleschuk Trump threatens secondary sanctions on Russia in 50 days Says up to 17 Patriot batteries could be available ‘very soon’ Russian markets rise, suggesting relief over delay KYIV/WASHINGTON, July 14 (Reuters) – U.S. President Donald Trump announced new weapons for Ukraine on Monday, and threatened sanctions on … Read more

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Venture Global Begins Producing LNG From Phase 2 of Plaquemines Plant, Sources Say

venture global calcasieu pass lng 1200x810

(Reuters) – Venture Global has started producing liquefied natural gas from Phase 2 of its Plaquemines export facility in Louisiana, according to two people familiar with its operations as well as LSEG ship tracking data and federal filings. In the last six months, the United States’ second-largest LNG producer has exported LNG from Phase 1 … Read more

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US Delays Rule on Gulf of Mexico Whale Protections by Two Years

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Summary Legal agreement delays Rice’s whale critical habitat designation until 2027 Delay follows legal disputes over oil and gas drilling impacts on endangered whale Fewer than 100 Rice’s whales remain in Gulf of Mexico July 14 (Reuters) – U.S. President Donald Trump’s administration will delay by two years a final rule designating protections for the … Read more

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Occidental Petroleum Says Gulf of Mexico Output Hit by Curtailments in Q2

July 14 (Reuters) – U.S. shale producer Occidental Petroleum (OXY.N) said on Monday its Gulf of Mexico production in the second quarter was curtailed due to third-party constraints, extended maintenance, and schedule-related delays. The company said sales volumes from what it calls the “Gulf of America” — referring to the Gulf of Mexico — are … Read more

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Oil Edges Down as Market Contemplates Potential Sanctions, Tariffs

July 15 (Reuters) – Oil prices edged down on Tuesday as the market digested U.S. President Donald Trump’s 50-day deadline for Russia to end the Ukraine war and avoid sanctions on buyers of its oil, while worries continued to linger over Trump’s trade tariffs. Brent crude futures fell 5 cents to $69.16 a barrel by 0000 GMT, while U.S. West … Read more

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Goldman Sachs Raises Brent Second-Half 2025 Price Forecast by $5 to $66 a Barrel

(Reuters) – Goldman Sachs on Monday raised its Brent oil price forecast for the second half of 2025 by $5 to $66 per barrel due to supply disruption risks, lower stocks in Organisation for Economic Co-operation and Development countries and rising concerns about Russia’s production constraints. The bank also increased its forecast for U.S. West … Read more

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ConocoPhillips Seeks New Oil Drilling in Alaskan Arctic

ConocoPhillips is pushing to explore for more oil near its roughly $7.5 billion Willow project in Alaska, betting there are vast reserves of undiscovered crude in the state’s Arctic north. The company filed applications Monday with federal regulators asking to drill four new test wells and undertake seismic studies to search for additional oil in the … Read more

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US Natgas Prices Jump 5% to 1-Week High on Hotter Weather Forecasts, Rising LNG Exports

Natural Gas Flame

(Reuters) – U.S. natural gas futures jumped about 5% to a one-week high on Monday on forecasts for hotter weather over the next two weeks than previously expected and rising flows of gas to liquefied natural gas (LNG) export plants. Front-month gas futures for August delivery on the New York Mercantile Exchange rose 15.2 cents, … Read more

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Serbia Seeks Fifth US Sanctions Waiver for Russian-Owned Oil Firm NIS, Minister Says

putin sanctions linkedin 1200x810

BELGRADE, July 14 (Reuters) – Talks between Belgrade and the United States over postponing sanctions against Russian-owned Serbian oil company NIS for a fifth time have been marred with difficulties, Serbian mining and energy minister Dubravka Djedovic Handanovic said on Monday. NIS (NIIS.BEL) has so far secured a fourth reprieve, which is due to expire … Read more

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Trump to Unveil $70 Billion in AI and Energy Investments

Donald Trump

PITTSBURGH, July 14 (Reuters) – U.S. President Donald Trump will announce $70 billion in artificial-intelligence and energy investments on Tuesday, according to a White House official and a person familiar with the initiatives. Trump will reveal details of these new initiatives at an event near Pittsburgh, where he will be joined by Republican Senator David … Read more

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US Rare Earth Pricing System is Poised to Challenge China’s Dominance

rare earth 1200x810

By Eric Onstad Chinese low prices thwarted efforts to shake its dominance Industry elsewhere has long campaigned for alternative pricing Sole domestic US rare earth miner aims for commercial magnet production late this year LONDON, July 14 (Reuters) – U.S. efforts to break China’s dominance of the rare earths market and to drive investment in … Read more

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Oil Falls as Trump Gives Russia 50 Days to Avoid New Sanctions

global oil market faces a million barrel glut next year, says iea oil drums barrels of oil 1200x810

By Nicole Jao US threatens to hit buyers of Russian exports with sanctions China’s crude imports at highest level since August 2023 EU set to lower Russian oil price cap, sources say NEW YORK, July 14 (Reuters) – Oil prices settled down on Monday by more than $1, as investors weighed new threats from U.S. … Read more

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Soaring Saudi Exports and Trade Tensions Will Test Oil Price Resilience: Bousso

By Ron Bousso Oil demand growth slows sharply in second quarter Saudi oil exports set to surge to 7.5 mln bpd in July amid higher production Saudi power generation crude burn limits exports during summer LONDON, July 14 – Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald … Read more

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The Art of Hogging Headlines, Using Tariffs

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(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It looks increasingly clear that for President Trump, tariffs are mainly a convenient means of dominating the news cycle and staying in the headlines. Not for him are months of tortuous, complex trade talks aimed at a win-win outcome. … Read more

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Unearthing Efficiency: The Hidden Cost of Information Search

pandell 2023 feature logo 400x270

For energy land professionals, land information is an incredibly valuable asset. Yet, ironically, this critical data often becomes a bottleneck, hidden in overflowing file rooms or scattered across multiple applications. The time spent trying to locate the information you need can significantly hinder your operations and decision-making processes. The Challenge: Time Lost in the Search … Read more

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EU Envoys Near Agreement on Lower Russian Oil Price Cap

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European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of Ukraine that would include a lower price cap on Russian oil, four EU sources said after a Sunday meeting. The sources said all the elements of the package had been agreed, although one member … Read more

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COMMENTARY: Fossil Fuels Show Staying Power as EU Clean Energy Output Dips – Maguire

pumpjacks 2 pumpjacks at sunrise 1200x810

By Gavin Maguire LITTLETON, Colorado, July 10 (Reuters) – Utilities across the European Union cranked output from natural gas and coal-fired power plants during the opening half of 2025, boosting power sector emissions and reversing recent energy transition momentum. The upswing in fossil production follows two years of steep declines in fossil use within the … Read more

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Chevron Says Offshore Well Start-Up Caused Mars Crude Quality Issues

chevron 1200x810 jan 26 2023

Summary Mars challenges add to tightening gulf coast oil supply Exxon to borrow crude from US emergency stash Chevron sees no impact to current production guidance (Reuters) – The start-up of an offshore well caused zinc contamination in Mars crude, Chevron  said on Friday, leading to the tightening crude oil supply in the key Gulf Coast … Read more

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US Oil and Gas Rig Count Down for 11th Week to Lowest Since 2021, Baker Hughes Says

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(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes said in its closely followed report on Friday. The oil … Read more

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Taiwan’s CPC Corp Eyes US Shale Gas Assets, Sources Say

permian basin pumpjacks 1200x810

(Reuters) – Taiwan’s state-owned energy company CPC Corp is in early stage discussions to buy shale-gas producing assets in the United States, three sources familiar with the matter said, in a bid to secure natural gas supplies to fuel Taiwan’s economy. If a deal is struck, CPC would join a growing list of Asian companies … Read more

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Oil Edges Up, Investors Eye Trump Statement on Russia

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Summary EU set to lower Russian oil price cap, sources say Saudi Arabia says it complies with voluntary OPEC+ output target Saudi marketed crude supply in June was 9.352 million bpd (Reuters) – Oil prices nudged higher on Monday, adding to gains of more than 2% from Friday, as investors eyed further U.S. sanctions on … Read more

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US Natgas End-of-Season Storage Seen at Three-Year Low in October

natural gas stove 1200x810

(Reuters) – U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.797 trillion cubic feet (tcf) on October 31, 2025, according to analysts’ estimates. That compares with an eight-year high of around 3.938 tcf at the end of the summer injection season in 2024 and … Read more

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European Commission Proposes Russian Oil Price Cap 15% Below Global Price

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(Reuters) – The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude in the previous three months, EU diplomats said. The European Union and Britain have been pushing the Group of Seven nations to lower the cap for the last two months after … Read more

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Saudi Arabia Complying Fully With Voluntary OPEC+ Target, Energy Ministry Says

(Reuters) – Saudi Arabia’s energy ministry said on Friday the kingdom had been fully compliant with its voluntary OPEC+ output target, adding that Saudi marketed crude supply in June was 9.352 million barrels per day, in line with the agreed quota. The statement follows a report this month by the International Energy Agency (IEA), which … Read more

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Oil Rises Over 2% as Investors Weigh Market Outlook, Tariffs, Sanctions

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Summary Brent and WTI rise over 2% after losses in previous session Baker Hughes reports 11th consecutive week of U.S. rig count decline Trump promises major statement on Russia on Monday Saudi Arabia complies with OPEC+ output targets, energy ministry confirms NEW YORK, July 11 (Reuters) – Oil prices rose over 2% on Friday as … Read more

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US Natgas Prices Steady as Rising LNG Exports Offset Less Hot Forecasts

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(Reuters) – U.S. natural gas futures held steady on Friday as rising flows to liquefied natural gas (LNG) export plants offset forecasts for less hot weather and lower demand next week than previously expected. Front-month gas futures for August delivery on the New York Mercantile Exchange rose 1.4 cents, or 0.4%, to $3.351 per million … Read more

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Saudi Arabia Just Became OPEC’s Newest Cheater

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The International Energy Agency says the kingdom exceeded its output quota by about 700,000 barrels a day. The most surprising part of the International Energy Agency’s latest monthly outlook isn’t its demand forecast, which remains pessimistic, but rather what it says about how much oil an OPEC+ stalwart pumped last month. Traditional production quota cheats … Read more

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World Oil Market May be Tighter Than it Looks, IEA Says

World oil market may be tighter than it looks, IEA says IEA sees 2025 demand growth slowing to 700,000 bpd Raises 2025 supply forecast after OPEC+ hike Says price indicators suggest tighter physical market (Reuters) – The world oil market may be tighter than it appears despite a supply and demand balance pointing to a … Read more

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Trump Calls Wind, Solar Bad for Power Grid. Texas Shows Otherwise

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Summary Texas grid relies increasingly on solar and wind power State reduces blackout risk with battery storage Big fossil fuel dependent grid PJM doing worse on cost and reliability (Reuters) – President Donald Trump claims that rapid adoption of solar and wind power has made U.S. electricity unstable and expensive, justifying his bid to end … Read more

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OPEC Fortifies Outlier View That Oil Demand Will Grow to 2050

OPEC Flag

By Grant Smith OPEC reinforced its view — an outlier even within the petroleum industry — that global oil consumption will keep increasing to the middle of the century. Demand will grow by roughly 19% to reach almost 123 million barrels a day by 2050, the Organization of the Petroleum Exporting Countries said in a … Read more

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Chevron Shifts From Local to Centralized Hubs to Cut Costs

Chevron Gas Station

By Kevin Crowley and Nathan Risser Chevron Corp. is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026. A single offshore division will operate assets in the US Gulf, Nigeria, Angola and Eastern Mediterranean while shale assets … Read more

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Oil Edges Higher as Investors Weigh Market Outlook

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Summary Brent, WTI rise after 2% loss in previous session IEA describes tight market despite flagging surplus for 2025 Summer travel demand propping up prompt market Trump says he will make a major statement on Russia on Monday (Reuters) – Oil prices edged up on Friday, as investors weighed a tight prompt market against a … Read more

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US Natgas Prices Climb 3% on Small Storage Build, Rising LNG Export Flows

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(Reuters) – U.S. natural gas futures climbed on Thursday on a smaller-than-expected storage build, rising gas flows to liquefied natural gas export plants and forecasts for hotter-than-normal weather over the next two weeks than previously expected. Front-month gas futures for August delivery on the New York Mercantile Exchange rose 10.3 cents, or 3.2%, to $3.317 … Read more

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Trump’s Flip-Flop on Emergency Oil Reserves Has its Merits

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*Trump budget sharply reduces planned spending of SPR purchases *Emergency stocks at 56% of capacity *Trump has vowed to fill storage ‘right to the top’ By Ron Bousso LONDON, July 10 – U.S. President Donald Trump’s signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his previous vow to fill them “right … Read more

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Discount on Western Canada Select Narrows to $10 a Barrel

The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures narrowed on Thursday to its tightest discount this month. WCS for August delivery in Hardisty, Alberta, settled at $10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $10.15 a barrel on Wednesday. * Thursday’s WCS … Read more

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Brazilian Oil Could Find New Destinations in the Face of Trump’s Tariffs

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Brazil has logistical and commercial flexibility to preserve the competitiveness of its oil on the international market if the 50% tariff announced by U.S. President Donald Trump on Wednesday comes into effect on August 1, experts told Reuters. Oil is the main product on Brazil’s export list to the U.S. and until now was exempt … Read more

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Argentina Appeals U.S. Court Order to Transfer 51% YPF Stake

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(Reuters) – Argentina has filed notice that it is appealing a U.S. court ruling that ordered the country to give up the 51% stake it holds in state energy company YPF, according to a court filing from Thursday. The notice, filed in the U.S. District Court in the southern district of New York, appeals a … Read more

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Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

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OKLAHOMA CITY–(BUSINESS WIRE)–Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced it has entered into two separate definitive agreements: one to acquire certain oil and gas assets from Sabinal Energy, LLC (“Sabinal”), and another to acquire entities owning oil and gas assets managed by IKAV Energy Inc (collectively “IKAV San Juan”). The … Read more

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OPEC Bars Five Leading News Organizations From Oil Conference

By Will Kennedy OPEC has excluded five of the world’s leading news organizations from covering its biennial oil seminar in Vienna, attended by the group’s ministers and senior industry executives. The Organization of the Petroleum Exporting Countries did not accredit Bloomberg News, despite repeated requests, and offered no explanation for its decision. The New York … Read more

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OPEC+ Discussing Pause to Output Hikes After Next Increase

OPEC+ With Russia

OPEC+ is discussing a pause in further production increases from October after its next monthly hike, according to delegates familiar with the matter. While conversations are at an early stage and no firm decisions have been taken yet, Saudi Arabia and its partners already have a tentative plan to complete the revival of a 2.2 … Read more

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OPEC Trims Oil Demand for Next Four Years, Says No Peak in Sight

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Summary OPEC says peak demand is not in sight OPEC expects demand to grow for longer than other forecasters Demand growth is slowing in China (Reuters) – OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its longer-term view, based on rising … Read more

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APA Curtails US Natgas and NGL Production in Second quarter on Weak Prices

Natural Gas Terminal

APA Corp said on Wednesday it curtailed about 10 million of cubic feet per day (MMcfpd) of U.S. natural gas production and 750 barrels per day of U.S. natural gas liquids output during the second quarter due to weak prices. `-The U.S. oil and gas producer also completed the sale of its New Mexico assets … Read more

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Norway’s Equinor Makes Gas Find in Barents Sea

FILE PHOTO: A logo of Equinor, formerly known as Statoil, is seen at the company's headquarters in Fornebu, Norway May 21, 2018. REUTERS/Nerijus Adomaitis

(Reuters) – Norway’s Equinor has discovered gas in the Skred prospect near the Johan Castberg field in the Barents Sea, the Norwegian Offshore Directorate said on Thursday. Preliminary estimates indicate a discovery of between 0.3 billion and 0.5 billion standard cubic metres of recoverable gas equivalent, corresponding to between 1.9 million and 3.1 million barrels … Read more

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Oil Edges Down Amid Bearish Trump Tariff Outlook

Summary Threat of 50% tariffs on Brazil, copper cloud growth outlook Weaker dollar, U.S. gasoline demand growth provide support OPEC+ actual output unlikely to rise much, even with quota increases – analysts (Reuters) – Oil prices edged lower on Thursday as investors weighed the potential impact of U.S. President Donald Trump’s tariffs on global economic growth. Brent crude … Read more

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Oil Giant Saudi Aramco in Talks With Commonwealth LNG for Offtake Agreement, Sources Say

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(Reuters) – Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company’s facility in Cameron, Louisiana, as it seeks to strengthen its position in the superchilled fuel market, four people told Reuters on Wednesday. Talks are for 2 million tons per annum (mtpa), two of the … Read more

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US to Produce Less Oil in 2025 Than Previously Expected Amid Declining Prices, EIA Says

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By Stephanie Kelly EIA lowers its 2025 oil production forecast to 13.37 million bpd Geopolitical tensions influence Brent crude price forecast US oil demand to rise slightly in 2025 vs 2024, EIA reports NEW YORK, July 8 (Reuters) – The U.S. will produce less oil in 2025 than previously expected as declining oil prices have … Read more

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Donald Trump’s Tariff Scattergun Will Miss Target

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By Aimee Donnellan and Karen Kwok DUBLIN/LONDON, July 9 (Reuters Breakingviews) – A good tradesperson picks the right tool for the job. That’s not the approach Donald Trump is taking to his retooling of the American economy. The U.S. president floated 200% and 50% tariffs on drugs and copper respectively. But the outcome of hammering … Read more

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‘Fortress Russia’ Has Confiscated $50 Billion in Assets Over Three Years, Kommersant Says

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(Reuters) – Russia has confiscated assets worth 3.9 trillion roubles, or around $50 billion at current exchange rates, over the past three years, underscoring the scale of the transformation into a “fortress Russia” economic model, the Kommersant newspaper said. Foreign companies have grappled with the risk of state seizure since Russia sent troops into Ukraine … Read more

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US Natgas Prices Fall 4% to Six-Week Low on Low Cash Prices, Ample Stockpiles

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(Reuters) – U.S. natural gas futures fell about 4% to a six-week low on Wednesday on low cash prices, an increase in output so far this month and higher-than-normal amounts of gas in storage. That price decline occurred despite a drop in gas output in recent days and forecasts for the weather to remain hotter … Read more

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U.S. Issues Additional Iran-Related Sanctions, Treasury Website Shows

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(Reuters) – The United States imposed sanctions on 22 companies in Hong Kong, the United Arab Emirates and Turkey on Wednesday for their roles in helping sell Iranian oil, the Treasury Department said. The oil sales benefit Iran’s Islamic Revolutionary Guard Corps’ Quds Force, Iran’s most powerful paramilitary organization, it said. The U.S. has designated … Read more

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US Crude Stocks Rise, Gasoline and Distillate Inventories Fall, EIA Says

(Reuters) – U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 7.1 million barrels to 426 million barrels in the week ended July 4, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.1 million-barrel draw. Crude … Read more

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Kremlin Says It Is ‘Calm’ Regarding Trump Criticism of Putin Over Ukraine Talks

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(Reuters) – The Kremlin, asked on Wednesday about U.S. President Donald Trump’s criticism of Russian President Vladimir Putin, said that Moscow was “calm” regarding the criticism, and that it would continue to try to fix a “broken” U.S.-Russia relationship. In a call with reporters, Kremlin spokesman Dmitry Peskov said: “We are quite calm about this.” … Read more

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COMMENTARY: Trump’s Big Bill Shrinks America’s Energy Future – Cyran

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By Robert Cyran NEW YORK, July 9 (Reuters Breakingviews) – One fact dominates the U.S. economy: it needs more power. After a long period in which demand for electrons flatlined, it is now rising again. Beyond gigantic data centers essential to artificial intelligence, the rise of battery technology, factory robots and more means that everything … Read more

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UAE Says Markets Thirsty for Oil Despite Boosts in OPEC+ Output

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Summary UAE says stocks not rising despite production increases OPEC+ close to completing voluntary cut unwinding Still has 3.65 mln bpd of other cuts in place OPEC+, majors meet for biennial seminar VIENNA, July 9 (Reuters) – Markets are thirsty for oil because they are absorbing OPEC+ production increases without building inventories, United Arab Emirates … Read more

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America’s Largest Power Grid is Struggling to Meet Demand From AI

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Summary Electricity bills projected to surge over 20% in PJM territory this summer PJM criticized for delaying auctions and pausing new plant applications Pennsylvania governor threatens to leave PJM if it can’t reduce costs and connect power plants faster (Reuters) – America’s largest power grid is under strain as data centers and AI chatbots consume … Read more

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US Issues Expedited Permit for Proposed Tennessee Coal Mine

Coal

July 8 (Reuters) – The Trump administration said it permitted a proposed coal mine in Claiborne County, Tennessee on Tuesday under an expedited process aimed at accelerating federal environmental reviews of energy projects. In a statement, the Department of the Interior said it granted approval for Hurricane Creek Mining LLC to mine coal on Bryson … Read more

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Enhancing Oil & Gas Safety with Acoustic Inspection

In the oil and gas industry, maintaining operational integrity and worker safety is non-negotiable. Gas leaks, mechanical failures, and partial discharges not only jeopardize safety but also impact uptime and profitability. At Microwatt, we’re committed to equipping our clients with leading-edge tools to detect these risks early—before they become costly incidents. The Sorama CAM iV64s … Read more

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Edmonton Exchanger and Davi: Two Families Build Business Strength on Heavy Plate Rolling Legacies

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When you are one of North America’s most trusted suppliers of pressure vessel components for the energy sector, there is no room for compromise in forming precision. Edmonton Exchanger, a family-owned Canadian company celebrating its 50th anniversary this year, is known for high-quality heavy steel components (up to 12² thick) customized for pressurized transfer and … Read more

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US Proposes Rules That Could Boost Oil, Gas Output in US West

the oil workers at work

The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1.8 billion per year, it said. The proposed rule change, which would mostly affect onshore oil and gas … Read more

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Oil Rises on Red Sea Attacks, Lower US Production as Trump Tariffs Loom

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Summary Rescue mission underway in latest Red Sea attack Trump copper tariffs steeper and sooner than expected UAE energy minister: markets absorbing OPEC+ output boosts US EIA data on inventories due at 1430 GMT (Reuters) – Oil prices rose on Wednesday, maintaining their highest levels since June 23, lifted by attacks on shipping in the … Read more

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US Power Use to Reach Record Highs in 2025 and 2026, EIA Says

By Scott Disavino July 8 (Reuters) – U.S. power consumption will hit record highs in 2025 and 2026, the U.S. Energy Information Administration said in its short-term energy outlook on Tuesday. The EIA projected power demand will rise to 4,189 billion kilowatt hours in 2025 and 4,278 billion kWh in 2026, up from a record … Read more

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COMMENTARY: Saudi Plays Short and Long Game With OPEC+ Production Gamble – Bousso

By Ron Bousso OPEC+ to increase output target by 2.5 million bpd between April and September Saudi has large spare production while others produce at capacity Riyadh’s share of global oil production declined to 11% in 2024 from 13% LONDON, July 8 – Saudi Arabia’s drive to rapidly increase OPEC+ oil output may put Riyadh … Read more

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OPEC+ is Pumping More Oil, But is it Needed and at What Price?

Clyde Russell (Reuters) – Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group actually export the additional barrels they say they are going to produce? OPEC+ agreed at a weekend meeting to raise production by 548,000 barrels per … Read more

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Texas Project to Build Four Nuclear Plants is in Talks With ‘Hyperscalers’

By Timothy Gardner WASHINGTON, July 8 (Reuters) – Fermi, a Texas company looking to build four nuclear plants next to a U.S. nuclear weapons complex, said in documents revealed on Tuesday that it is talking with large data managers on leasing agreements for the project. Fermi, co-founded by Rick Perry, a former U.S. energy secretary, … Read more

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US Copper Prices Surge to Record as Trump Calls for 50% Tariff

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By Doug Alexander and James Attwood Copper futures in New York surged after US President Donald Trump said he planned to implement a 50% tariff on imports of the commodity, a move that’s likely to spark massive supply-chain ripples through global metal markets. Contracts on the Comex climbed as much as 17% on Tuesday, a … Read more

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Oil Prices Edge Up to Two-Week High on Lower US Output Forecast, Positive US Economic News

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By Scott Disavino US could produce less oil in 2025 than previously expected OPEC+ to raise production by 548,000 barrels per day in August Markets unsettled by uncertainty over Trump tariffs NEW YORK, July 8 (Reuters) – Oil prices edged up to a two-week high on Tuesday as positive U.S. economic news, lower U.S. oil … Read more

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Venture Global Cashes in on Exports from Plaquemines LNG Plant, SEC Filing Shows

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Venture Global exported more liquefied natural gas (LNG) cargoes from its Plaquemines export facility in Louisiana and earned more than double in fees compared with its other U.S. plant, a company filing showed on Monday. The LNG company exported 51 cargoes from Plaquemines at an average liquefaction fee of $7.09 per million British thermal units … Read more

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Exxon Signals Lower Oil, Gas Prices Could Hit Second-Quarter Profit

exxonmobile 1200x810 nov 2024

Reuters – Exxon Mobil  signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter’s level. The earnings snapshot from the largest U.S. oil producer is closely watched for clues on how the broader oil sector will fare when companies begin releasing quarterly results in … Read more

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Oil Eases as Traders Assess US Tariffs, OPEC+ Output Hike

Summary OPEC+ to raise production by 548,000 barrels per day for August Trump’s tariffs create uncertainty about global economy Saudi Arabia contributes most to OPEC+ supply hike, analysts say (Reuters) – Oil prices retreated on Tuesday after rising almost 2% in the previous session as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ … Read more

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Lack of New US Power Capacity Could Double Blackouts by 2030, Says Energy Department

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(Reuters) – U.S. power outages could double in five years if suppliers fail to add capacity during peak demand, the Department of Energy said on Monday. “Blackouts could increase by 100% in 2030 if the U.S. continues to shutter reliable power sources,” DOE noted in a report on grid reliability and security. It cited green … Read more

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Trump Executive Order Seeks End to Wind and Solar Energy Subsidies

In a May 8 event at the White House, U.S. President Donald Trump signs a proclamation declaring his intention to withdraw from the Iran nuclear agreement. REUTERS/Jonathan Ernst

Reuters) – U.S. President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects. In an executive order, Trump said the renewable energy resources were unreliable, expensive, displaced more dependable energy sources, were dependent on foreign-controlled … Read more

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COMMENTARY: Where the Fight Against Energy Subsidies Stands – Alex Epstein

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The final “Big Beautiful Bill” failed to truly terminate solar/wind subsidies. But there is still the opportunity to do so, along with making other crucial changes to electricity policy. By Alex Epstein In my last post I summarized the terrible last-second change the Senate made regarding the IRA subsidies: “The Senate bill looks like it has … Read more

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OPEC+ Is Rushing Toward a Production Strategy Crossroads

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Ever since OPEC+ stunned oil markets by opening the taps three months ago, traders have tried to divine the cartel’s motives. Clarity may soon be at hand. On Saturday, Saudi Arabia and its partners agreed to further accelerate plans for reviving crude production, despite signs of an impending oversupply in world markets. The full rationale remains opaque. … Read more

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US Natgas Output and Demand to Hit Record Highs in 2025, Before Sliding in 2026, EIA Says

Natural Gas Terminal

(Reuters) – U.S. natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105.9 bcfd … Read more

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Chevron Preps Quick Closing of Hess Deal and Awaits Result of Exxon Dispute

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(Reuters) – Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess, according to two sources and an industry analyst, including by preparing a severance program for some Hess workers. The preparations come as both companies await a decision in a legal challenge from larger rival Exxon Mobil that … Read more

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Shell Says Weak Oil and Gas Trade Hit Second-Quarter Profit

Yellow Shell Oil Barrels

Shell Plc expects second-quarter results to be negatively impacted by a weaker performance from its oil and gas trading operation, with earnings from the division expected to be “significantly lower” quarter-on-quarter. The company’s shares declined to a four-week low following the announcement, with European peers BP Plc and TotalEnergies SE also falling. Shell’s trading update … Read more

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OPEC+ Set to Complete Big Oil Output Cut Unwinding in Sept, Sources Say

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Summary OPEC+ to agree another 550,000 bpd hike for Sept -sources OPEC+ to complete unwinding of 2.17 mln bpd cut UAE to complete output boost in line with new quota Output jump since April set to be 2.47 mln bpd or 2.5% of global demand (Reuters) – OPEC+ oil producers are set to approve another … Read more

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Petronas Ships its first LNG Cargo to Japan from its New Facility in Canada

FILE PHOTO - A Petronas logo at their office in Kuala Lumpur, Malaysia August 15, 2017. REUTERS/Lai Seng Sin

By Reuters (Reuters) – Malaysia’s state energy firm Petronas on Monday said it has successfully shipped its first liquefied natural gas (LNG) cargo to Japan from its newly operational LNG facility in Kitimat, Canada. Petronas has a 25% stake in the Kitimat LNG plant in British Columbia on Canada’s west coast. The shipment departed for Japan … Read more

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US Electric Vehicle Tax Breaks Will Expire on Sept. 30

By David Shepardson July 3 (Reuters) – It is the end of the line for U.S. electric vehicle tax credits. Sweeping tax and budget legislation approved by Congress on Thursday means $7,500 tax credits for buying or leasing new electric vehicles will end on September 30, as well as a $4,000 used EV credit, that … Read more

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Measuring What Matters: A Framework for Thoughtful Deployment of Methane Detection Technologies

montrose environmental feature logo 400x270

Author: Carter Morrison As methane detection strategies evolve, operators are turning to an expanding range of technologies to support both regulatory compliance and voluntary emissions reduction goals. A common debate in this space is whether aerial surveys are “finding more” emissions than traditional ground-based Leak Detection and Repair (LDAR) methods. The answer is more nuanced … Read more

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Revolutionizing Emissions Detection: The Role of Robots to Detect Fugitive Emissions

microwatt mw logo 400x270 1

By EXRobotics B.V.   Adapted by Microwatt Controls Ltd. As global regulations tighten and satellite surveillance of methane intensifies, energy operators face growing pressure to reduce fugitive emissions or risk steep penalties and even operational shutdowns. ExRobotics’ robots are engineered to meet this challenge head-on. Purpose-built for methane leak detection and VOC monitoring in hazardous hydrocarbon … Read more

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WORKERS READY! SIDEWORX CONNECT BRINGS A UNIQUE STAFFING SOLUTION TO WILLISTON NORTH DAKOTA

sideworx connect feature logo 400x270 black

In the fast-paced industries of oil and gas, construction & mining, the need for skilled labor is constant, yet project fluctuations often create periods of intermittent employment for workers. Recognizing this gap and offering a solution that benefits both companies and skilled professionals, Sideworx Connect has made its mark as a premier recruitment agency in … Read more

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Oil Steadies as Tight Market Supports Despite Big OPEC+ Hike

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Summary OPEC+ to raise output by 548,000 bpd in August Goldman expects a final 550,000 bpd OPEC+ hike for September US higher tariffs to take effect on August 1 (Reuters) – Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the potential impact … Read more

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OPEC+ Speeds Up Oil Output Hikes, Adds 548,000 Bpd in August

OPEC+ With Russia

Summary First meeting since Israel, US attacks on Iran OPEC+ began accelerating output hikes in May OPEC+ returns most cuts of 2.2 mln bpd back to the market (Reuters) – OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices … Read more

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US Gulf Coast Fuel Oil Imports at Record Low as Refiners Opt for Heavier Crude

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Summary US refiners shift to domestic output, reducing fuel oil imports Running heavy crude preferred over high-sulphur fuel oil due to cost Middle East demand and Russian supply issues tighten fuel oil market (Reuters) – Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter … Read more

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Russia Says Low Global Oil Stockpiles Prompted OPEC+ to Hike Output

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Low global oil stockpiles were a major motivating factor in prompting OPEC+ members to raise production by 548,000 barrels per day in August at the group’s meeting on Saturday, the Russian government said in a statement. The group, which pumps about half of the world’s oil, has been curtailing production since 2022 to support the … Read more

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Canadian Prime Minister Mark Carney Says New Oil Pipeline Proposal in Canada is Highly Likely

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(Reuters) – A new oil pipeline to the British Columbia coast is highly likely to be included on a list of projects deemed to be of national importance to the Canadian government, Prime Minister Mark Carney told the Calgary Herald newspaper in an interview published on Sunday. “I would think given the scale of the … Read more

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US Ambassador Says ‘Win-Win’ Trade Deal With Canada Is Within Reach

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The US ambassador to Canada, Pete Hoekstra, is optimistic about trade talks between the US and Canada, believing a fair deal will emerge soon. The US and Canada have an existing trade pact, but the US has placed import taxes on Canadian products, prompting Canada to impose counter-tariffs on US-manufactured items. The two leaders have … Read more

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Saudi Aramco Considers Power Assets Sale to Raise Billions, Sources Say

Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars. The potential sale of four or five gas-fired plants that power refineries could alone raise … Read more

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US Drillers Cut Oil and Gas Rigs for 10th Week in a Row, Baker Hughes Says

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(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a 10th week in a row for the first time since July 2020, energy services firm Baker Hughes said in its closely followed report on Thursday. The oil and gas rig count, an early indicator of future … Read more

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Tensions Are Starting to Brew Over Waterways for US LNG Cargoes

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Venture Global Inc., a major US exporter of liquefied natural gas, is raising concerns about sharing a common waterway with a planned neighbor, highlighting a coming bottleneck for shipping space in the energy sector. The US is on track to nearly double its current LNG export capacity with six projects under construction in Texas and … Read more

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Trump’s Tax Package Curbs Renewable Energy Just as AI’s Power Needs Soar

The bill unplugs more than 300 gigawatts of wind and solar projects that would have been built through 2035, according to one analysis. By Brian Eckhouse As Donald Trump’s $3.4 trillion fiscal package moved through Congress, there was some relief in the renewables industry that a proposed excise tax on wind and solar projects had … Read more

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Canada Awaits Private Sector Move on Pacific Crude Pipeline, Minister Says

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By Amanda Stephenson Hodgson emphasizes private sector’s role in pipeline decision-making Pathways Alliance project crucial for pipeline approval Canada aims to diversify oil exports beyond U.S. reliance CALGARY, July 4 (Reuters) – Canada’s federal government has not been presented with any private sector proposal to build a new crude pipeline to the Pacific coast, the … Read more

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Oil Falls Slightly Ahead of Expected OPEC+ Output Increase

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By Amanda Stephenson OPEC+ expected to boost output in August Iran reaffirms commitment to nuclear nonproliferation treaty US tariff risks resurface as July 9 deadline looms (Reuters) – Oil futures slipped slightly in thin holiday trading on Friday, as the market looked ahead to this weekend’s OPEC+ meeting and the likelihood that member countries will … Read more

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OPEC+ Set to Make Another Accelerated Oil Output Hike on Saturday, Sources Say

OPEC+ With Russia

(Reuters) – Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share. The group, which includes Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan and Algeria, is expected to agree to … Read more

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Saudi Aramco Considers Power Assets Sale to Raise Billions, Sources Say

(Reuters) – Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars. The potential sale of four or five gas-fired plants that power refineries could … Read more

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Barclays Raises Brent Forecast to $72 Per Barrel for 2025

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Barclays on Thursday said it raised its Brent oil price forecast by $6 to $72 per barrel for 2025 and by $10 to $70 a barrel for 2026 on an improved outlook for demand. “Geopolitical tensions have eased as the U.S​.-​mediated ceasefire between Israel and Iran continues to hold and the risk premium has evaporated, … Read more

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Germany Gives Go-Ahead for Gas Drilling in Protected Marine Zone

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Germany’s cabinet has approved a bilateral agreement with the Netherlands to drill for natural gas at a protected marine site in the North Sea, aiming to bolster energy security. The project, led by Explorer One-Dyas BV, will extract up to 13 billion cubic meters of natural gas, equivalent to about 15% of Germany’s gas consumption … Read more

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Canada LNG is the First Sign of a Global Gas Oversupply

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A tidal wave of new production — the biggest yet — could transform the market for the fuel.. After years of tight supply and wild price swings in the global gas market, there are signs of something different: too much of a good thing. LNG Canada, the Shell Plc-led project in British Columbia, just exported its … Read more

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Arbitrators in Exxon, Hess Dispute Over Chevron Deal Have Reached a Decision, Sources Say

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The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter. The ruling will determine whether Chevron can move forward with its $53 billion planned acquisition of Hess. The Paris-based International Chamber of Commerce, which … Read more

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Oil Falls as Iran Affirms Commitment to Nuclear Treaty

Summary Iran reaffirms commitment to nuclear non-proliferation treaty OPEC+ to announce August output hike on Sunday US tariff risks resurface as July 9 deadline looms (Reuters) – Oil futures fell slightly on Friday after Iran reaffirmed its commitment to nuclear non-proliferation, while major producers from the OPEC+ group are set to agree to raise their … Read more

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Clean-Energy Backers Blast US Budget Bill as a Setback

By Timothy Gardner and Valerie Volcovici Bill cuts solar and wind tax credits, keeps nuclear and geothermal Energy Innovation projects 300 GW capacity fall due to bill Oil and gas industry praises bill for advancing energy dominance agenda WASHINGTON, July 3 (Reuters) – Advocates of clean energy on Thursday decried the final passage of President … Read more

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WHAT ARE YOU WAITING FOR? Showcase Your Products, Services, Technology or Event! Your 2025 On-Line Marketing With EnergyNow Begins Here! – Details HERE

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Reach EnergyNow’s Audience of over 240,000 North American Energy Professionals REACH MORE – SELL MORE With EnergyNow – Market & Showcase Your Company on EnergyNow With a Digital Content Marketing Package – Reach Prospects and Generate Leads Consistently All Year Round As Your Digital Marketing Partner, EnergyNow Will: CONSISTENTLY market your company on all EnergyNow … Read more

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Trump Wins Broad Economic Policy Shift as House Passes Tax Bill

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By Erik Wasson, Steven T. Dennis and Maeve Sheehey (BGOV) US Speaker of the House Mike Johnson presides over the vote for H.R. 1, the One, Big, Beautiful Bill Act in the House of Representatives at the US Capitol in Washington, DC, on July 3. Photographer: Chip Somodevilla/Getty Images President Donald Trump secured a sweeping shift in … Read more

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Oil Prices Ease on US Tariff Uncertainty Ahead of Expected OPEC+ Output Boost

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By Nicole Jao Pause on US tariffs set to end on July 9 OPEC+ expected to raise output by 411,000 bpd US crude inventories rise unexpectedly NEW YORK, July 3 (Reuters) – Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised questions about demand ahead of an expected supply … Read more

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OPEC+ Discusses 411,000-Barrel Hike in August, Delegates Say

By Salma El Wardany, Grant Smith, and Fiona MacDonald OPEC+ has begun discussing another 411,000 barrel-a-day production increase for August ahead of the group’s video-conference this weekend, according to delegates who asked not to be identified. Saudi Arabia and its partners have previously approved hikes of the same size for May, June and July as … Read more

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Venture Global Inks 20 Year LNG Deal with Petronas

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(Reuters) – U.S. liquefied natural gas (LNG) exporter Venture Global Inc announced on Thursday that Petronas has agreed to buy 1 million metric tons of LNG from its CP2 project, its first new CP2 customer in two years. A mere startup three years ago, Venture Global has quickly moved to become the U.S.’ second largest … Read more

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Oil and Gas Activity Contracted Slightly in Second Quarter 2025, Dallas Fed Survey

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(Reuters) – Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday, as firms grappled with a jump in steel tariffs. The decrease comes after U.S. President Donald Trump, who has encouraged U.S. producers to “drill, … Read more

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US Imposes New Sanctions Targeting Iran Oil Trade, Hezbollah, Treasury Dept Says

The United States imposed sanctions on Thursday against a business network that smuggles Iranian oil disguised as Iraqi oil, as well as sanctions targeting a Hezbollah-controlled financial institution, the Treasury Department said. The network of companies run by Iraqi businessman Salim Ahmed Said has been buying and shipping billions of dollars worth of Iranian oil … Read more

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Venture Global Announces 20-Year Sales and Purchase Agreement with PETRONAS

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ARLINGTON, Va.–(BUSINESS WIRE)–Today, Venture Global, Inc. (NYSE: VG) announced the execution of a new 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. Under the terms of the SPA, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from … Read more

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Exxon, QatarEnergy JV Asks US Regulators for Permission to Re-Export LNG From October 1

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Golden Pass LNG, which is owned by Exxon Mobil and QatarEnergy, has asked U.S. regulators for permission to re-export liquefied natural gas from October 1, as the export plant nears production after previous delays. The company said it wants to re-export a cargo of LNG that it plans to import to cool down its export … Read more

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Companies with the Most Fossil Fuel and Cement CO2 Emissions – Visual Capitalist

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By Bruno Venditti Companies with the Most Fossil Fuel and Cement CO2 Emissions This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Half of the world’s fossil fuel and cement carbon dioxide emissions in … Read more

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US Crude and Gasoline Inventories Rise on Lower Exports, Demand, EIA Says

(Reuters) – U.S. crude oil and gasoline inventories rose unexpectedly last week as both exports and demand fell sharply, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 3.8 million barrels to 419 million barrels in the week ending June 27, the EIA said, compared with analysts’ expectations in a Reuters poll … Read more

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US Lifts Restrictions on Enterprise Product’s Ethane Shipments to China

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(Reuters) – The U.S. has cleared the way for Enterprise Products Partners to resume ethane shipments to China, the company said on Wednesday, revoking a restrictive license requirement that was put in place just weeks ago as the U.S.-China trade war turned from tariffs to supply chains. The U.S. had placed new restrictions on ethane … Read more

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Oil Softens on US Tariff Uncertainty and OPEC+ Output Expectations

Summary Pause on US tariffs set to end on July 9 OPEC+ expected to raise output by 411,000 bpd US crude inventories rise unexpectedly (Reuters) – Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised demand concerns ahead of an expected supply boost by major producers. Brent crude futures … Read more

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Trump’s Budget Bill Boosts Fossil Fuels, Hits Renewable Energy

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(Reuters) – The budget bill the U.S. Senate passed on Tuesday and the House of Representatives is now debating for final approval would dampen development of wind and solar power, kill climate funding and boost oil, gas and coal output. Below are some details about the bill’s provisions on energy development and the environment: SOLAR, … Read more

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Global Energy: Time to Take a Deeper Dive – William Lacey

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Everything you may want to know about global energy but were afraid to ask By William Lacey This time of year is a highlight for me as my inner nerd gets to have a who pile of data to look at. In the past BP used to do its annual statistical review of global energy, … Read more

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Oil Futures, Options Trade at Record Levels in Q2 as Investors Navigate Volatility

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(Reuters) – Total oil futures and options lots traded on the Intercontinental Exchange (ICE) hit record highs in the second quarter, as U.S. President Donald Trump waged a trade war and geopolitical conflicts in the Middle East escalated. WHY IT’S IMPORTANT Significant volatility in the second quarter had global benchmark Brent crude futures dropping to … Read more

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US Net Imports of Crude Soar Last Week to Highest in a Year, EIA Says

(Reuters) – U.S. net imports of crude oil rose to 4.6 million barrels per day (bpd), its highest since June 2024, data from the Energy Information Administration showed, as export tumbled due to a narrow spread between U.S. West Texas Intermediate crude and Brent. Net imports rose by 2.94 million bpd in the week to … Read more

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Is OPEC’s Supply Surge a Precautionary Move or a Market-Share Grab?

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Crude shipments from key Middle East producers reached a two-year high in June. By Julian Lee Oil producers in the Middle East boosted crude shipments by 1 million barrels a day last month. But don’t worry: They say they’re not embarking on another free-for-all like the one we witnessed just before the Covid-19 pandemic crushed demand. The … Read more

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TotalEnergies Sells Renewable Assets in Portugal, Buys Them in Dominican Republic

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(Reuters) – TotalEnergies has sold 50% of its portfolio of renewable assets in Portugal and bought a half of AES’s renewable energy portfolio in the Dominican Republic, it said on Wednesday. The Portuguese assets were sold to a consortium composed of MM Capital Partners 2, Daiwa Energy & Infrastructure and Mizuho Leasing for 178.5 million … Read more

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Despite Last-Minute Changes, US Senate Bill Deals Big Blow to Renewable Energy

Summary Senate bill complicates new wind, solar projects Bill could lead to higher utility bills, job losses House urged to improve usability of wind, solar tax credits (Reuters) – The U.S. Senate’s massive budget bill that passed on Tuesday will make it harder to develop wind and solar energy projects, despite the removal of some contentious provisions, industry … Read more

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Trump Says US Will Fill Oil Reserves When Market Conditions are Right

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 U.S. President Donald Trump said on Tuesday that he plans to fill up the U.S. strategic petroleum reserve when the market conditions are right.

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Morgan Stanley Sees Brent at $60/bbl by Early Next Year

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Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied and geopolitical risk abating following the Israel-Iran de-escalation, Morgan Stanley said in a note on Monday. The bank added it sees robust supply growth from non-OPEC countries over 2025-26 in the order of 1 million … Read more

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Boom-and-Bust Oil Puts Houston at Center of Real Estate Crisis

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President Donald Trump is championing a revival of American fossil fuels with calls to “drill baby drill.” But in the US energy capital, a pullback in the industry has already left its mark. Houston office buildings once packed with oil executives, engineers and energy traders are now marked by darkened floors and fewer desks. A wave of … Read more

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Visual Capitalist: Visualizing the Countries With the Largest Proven Oil Reserves

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By Dorothy Neufeld | Graphics/Design by Sabrina Lam Visualizing the Countries With the Largest Proven Oil Reserves This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways With 303 billion barrels in proven oil reserves, Venezuela leads globally. Saudi Aramco … Read more

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US Diesel Demand in April Stronger Than Expected Despite Tariffs

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Bloomberg News US diesel demand, a closely watched measure of the country’s economic health, was higher in April than early weekly estimates, the Energy Information Administration said in its monthly report. Distillate fuel oil demand was 3.88 million barrels a day in April, according to the agency’s latest Petroleum Supply Monthly report released Monday. That is 4.7% higher than early estimates published … Read more

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Oil Prices Rise as Iran Suspends Cooperation with UN Nuclear Watchdog

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Summary Iran suspending cooperation with IAEA boosts geopolitical risk premium: analyst Weaker US dollar supportive of oil prices Up next: official US crude inventory report from EIA at 1430 GMT (Reuters) – Oil futures edged up on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog and markets weighed expectations of more supply from … Read more

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US Senate Budget Bill Slashes Money to Fill Oil Reserve

The budget bill passed by the U.S. Senate on Tuesday slashes the amount of money available to replenish the Strategic Petroleum Reserve even though President Donald Trump vowed on his first day in his second term to fill it “right to the top”. Former President Joe Biden conducted several sales from the SPR including 180 … Read more

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US LNG Exports Fall in June Due to Plant Maintenance

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U.S. liquefied natural gas exports fell to their second lowest monthly level for the year in June, as maintenance work at some of the country’s largest export facilities hurt output, according to preliminary data from financial firm LSEG. The United States, the world’s top exporter of LNG, sold 8.4 million metric tons of the superchilled … Read more

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Europe Drives LNG Import Growth as Asia Stumbles on Higher Price

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(Reuters) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. Total imports of the super-chilled fuel were 208.62 million metric tons in the first six months of this year, up 1.7% from the 205.11 million for the same period … Read more

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Major Canadian Oil Site Vents Most Gas Since 2021 Due to Wildfire

Major Canadian Oil Site Vents Most Gas Since 2021 Due to Wildfire Cenovus Energy Inc.’s Christina Lake oil-sands site vented 151,511 cubic feet a day of natural gas into the atmosphere in May, the most in over four years, due to an emergency shutdown caused by a wildfire. The shutdown was prompted by a wildfire … Read more

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Equinor, Partners Approve $1.3 billion Johan Sverdrup Oilfield Expansion

FILE PHOTO: A logo of Equinor, formerly known as Statoil, is seen at the company's headquarters in Fornebu, Norway May 21, 2018. REUTERS/Nerijus Adomaitis

(Reuters) – Norway’s Equinor and its partners have approved a 13 billion Norwegian crown ($1.29 billion) investment for the expansion of Johan Sverdrup, western Europe’s largest producing oilfield, the company said on Tuesday. The project is expected to increase recoverable volumes from the field by between 40 million and 50 million barrels of oil equivalent, Equinor … Read more

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Canada Ships First LNG Export Cargo From Pacific Coast

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Canada’s first-ever LNG export cargo has been shipped from the country’s Pacific Coast en route to Asia, a spokesperson for the Shell-led LNG Canada said on Monday. The cargo was loaded onto the tanker Gaslog Glasgow from LNG Canada’s site in Kitimat, British Columbia, just over a week after the facility confirmed first production and … Read more

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Oil Edges Up as Investors Await OPEC+, Tariff Talks

(Reuters) – Oil prices were slightly higher on Tuesday as investors assessed expectations that OPEC+ will announce an output hike for August at an upcoming meeting as well as trade negotiations. Brent crude was up 54 cents, or 0.8%, to $67.28 a barrel at 1133 GMT, while U.S. West Texas Intermediate crude was up 56 … Read more

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US Senate Bill’s Clean Energy Cuts Draw Backlash From Labor, Business and Elon Musk

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The U.S. Senate’s proposed cuts to clean energy subsidies and the introduction of a new tax on wind and solar energy in its version of President Donald Trump’s tax and spending bill have drawn searing criticism from business and labor groups since they were unveiled over the weekend, with some arguing the moves could lead … Read more

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US Supreme Court to Hear Enbridge’s Venue Challenge to Michigan’s Pipeline Case

The U.S. Supreme Court agreed on Monday to hear Enbridge’s bid to change the venue of Michigan’s lawsuit seeking to force the Canadian pipeline operator to stop operating a pipeline underneath the Straits of Mackinac, waterways linking two of the Great Lakes, over environmental concerns. The justices took up Enbridge’s appeal of a lower court’s ruling … Read more

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US Crude Oil Output Hit Record in April, EIA Data Shows

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U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series. The EIA had previously estimated U.S. oil output at 13.49 million bpd in March. Total U.S. petroleum product supplied, … Read more

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Trump Issues Permit Allowing South Bow to Operate Pipeline at US-Canada Border

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U.S. President Donald Trump issued a presidential permit on Monday authorizing South Bow to operate and maintain pipeline facilities at Cavalier County, North Dakota, at the U.S.-Canada border.This permit supersedes and revokes an earlier presidential permit issued in July 2020 when Trump was in office, according to the White House.

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Argentina Asks UK Court to Pause Enforcement in $16 Bln Oil Company Seizure Case

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Argentina on Monday urged London’s High Court to pause enforcement of a $16 billion-plus United States court judgment over the expropriation of oil and gas company YPF, pending an appeal by the Argentinian government in the U.S. The South American republic was ordered in 2023 to pay minority shareholders around $16 billion resulting from its … Read more

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US Natgas Prices Slide Over 6% on Mild Weather, Lower Demand

Natural Gas Terminal

U.S. natural gas futures fell more than 6% on Monday, pressured by mild weather that kept heating and cooling demand subdued, allowing for larger-than-usual storage injections. The front-month gas futures for August delivery on the New York Mercantile Exchange (NYMEX) were down 25.3 cents, or 6.8% to $3.49 per million British thermal units (mmBtu) by … Read more

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Hedge Funds Sell Energy Stocks as Oil Slumps, Says Goldman Sachs

Hedge funds sold energy stocks last week at the fastest pace since September 2024 and at the second-quickest clip in the last 10 years, as oil prices fell on easing Middle East tensions, a Goldman Sachs note seen by Reuters on Monday showed. Crude prices tumbled over $10 last week following a cease-fire between Israel … Read more

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Larger Deals Power Global M&A in H1, Bankers Signal Appetite for Megadeals

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Mergers and acquisitions during the first half of this year were not what investment bankers had hoped for, but a burst of big deals in Asia and renewed optimism in U.S. markets could be paving the way for megadeals. Market uncertainties stemming from U.S. President Donald Trump’s trade war, high interest rates and broader geopolitical … Read more

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US Energy Firms Eye New Northeast Natgas Pipelines, Buoyed by Trump and Demand Outlook

Natural Gas Pipeline

U.S. energy companies are eying renewed opportunities to build natural gas pipelines to tap in to Appalachia shale formations in Pennsylvania, Ohio and West Virginia, buoyed by U.S. President Donald Trump’s pro-energy policies and expectations that demand for the fuel will rise in coming years. The U.S. is already the world’s top gas producer and … Read more

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World Shares Hover Near Record Highs as US-Canada Trade Talks Revived

World shares held just below recent record highs on Monday as the revival of U.S./Canada trade talks helped risk sentiment, while the dollar dipped on the prospect of this week’s U.S. jobs data ushering in an earlier Fed rate cut. Canada on Sunday said it had rescinded its digital services tax in a bid to … Read more

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Japan Auto Trade ‘Unfair’, Could Buy More US Oil, Trump Tells Fox News

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Japan engages in “unfair” automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday. Tokyo is scrambling to find ways to get Washington to exempt Japan’s automakers from 25% automobile … Read more

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Mideast War Highlights Egypt’s Energy Weak Spot: Bousso

uss kearsarge (lhd 3) transits the strait of hormuz.

(The opinions expressed here are those of the author, a columnist for Reuters) *Israel halted gas exports to Egypt after start of war with Iran *Exports were resumed on June 23, but highlight Egypt’s gas supply challenges *Egypt gas production declined sharply in recent years, unlikely to recover soon By Ron Bousso LONDON, June 30 … Read more

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Canada Trumped by Trump! Canada Rescinds Digital Services Tax to Advance Stalled US Trade Talks

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Summary Canada halts digital service tax collection slated for Monday Canada hopes for economic deal with US by July 21 Trump had threatened more tariffs over tax (Reuters) – Canada scrapped its digital services tax targeting U.S. technology firms late on Sunday, just hours before it was due to take effect, in a bid to … Read more

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DRILL “NOT” BABY DRILL: US Oil and Gas Rig Count Falls for Fourth Month to Oct 2021 Low, Baker Hughes Says

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(Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by … Read more

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California Should Support Fuel Imports, Find Ways to Retain Refiners, Regulator Says

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NEW YORK, June 27 (Reuters) – California’s energy regulator on Friday issued recommendations to Governor Gavin Newsom to support timely fuel imports and explore ways to retain operations at existing refineries in the state. Newsom had earlier this year asked the California Energy Commission to recommend changes to the state’s energy transition efforts, as it … Read more

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Senate Bill Hastens End of Wind, Solar Tax Credits and Imposes New Tax

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(Reuters) – The latest version of the Senate’s massive budget bill that the Senate is racing through for a vote as soon as Saturday deals a fatal blow to the use of tax credits in place since 2005 to spur more wind and solar energy and would set a new tax on those projects for … Read more

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Oil Prices Steady on Easing Middle East Risks

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Summary Benchmarks poised for repeat monthly gains of more than 5% OPEC+ plans could smother any upside in prices, says analyst Global demand outlook remains uncertain (Reuters) – Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty over the global demand outlook weighed … Read more

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OPEC+ Set to Make Another Accelerated Oil Output Hike for August

(Reuters) – The world’s largest group of oil producers, OPEC+, is set to announce another big increase of 411,000 barrels per day in production for August as it looks to regain market share, four delegates from the group told Reuters. If the increase is agreed, it would bring the total rise in supply from OPEC+ … Read more

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Overcoming AI Impediments for AI Success in Oil and Gas – Yogi Schulz

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By Yogi Schulz Many oil and natural gas producers hesitate to explore the potential of artificial intelligence (AI) and implement AI applications. This article challenges these impediments with examples of successful AI use cases. Too busy to explore AI innovation Most producers have made many successful technical and operational choices. Some believe that looking around … Read more

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ENERGY NORTH: Why it’s Time to Repeal the Oil Tanker Ban on B.C.’s North Coast

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Moratorium does little to improve marine safety while sending the wrong message to energy investors By Will Gibson Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Port of Prince Rupert on the north coast of British Columbia. Photo courtesy Prince Rupert Port Authority In 2019, Martha Hall … Read more

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STANDOUT “24/7” with an EnergyNow Feature Banner Ad – Feature Your Products, Services, Technology or Event – Click Here for More Details

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  SHOWCASE Your Company With EnergyNow Feature Banner Ad Marketing (subject to banner availability) This is an excellent option for companies who either don’t have a lot of content to publish but want a lot of “brand” and service/product exposure or for companies that want that consistent “brand” exposure even if they have a lot … Read more

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US Natgas Prices Jump 6% to 1-Week High on Increase in Flows to LNG Export Plants

Natural Gas Flame

U.S. natural gas futures jumped about 6% to a one-week high on Friday as the amount of gas flowing to liquefied natural gas (LNG) export plants started to edge up as more plants exit spring maintenance reductions. On their first day as the front-month, gas futures for August delivery on the New York Mercantile Exchange … Read more

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Oil Steadies After Report of Planned OPEC+ August Output Hike 

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Summary Sources say OPEC+ planning 411,000 bpd output boost in August Brent, WTI down 12% this week, most since March 2023 No major supply disruption from Middle East crisis, analysts say (Reuters) – Oil prices edged up slightly on Friday, recovering from a midday drop into negative territory following a report that OPEC+ was planning … Read more

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US Energy Firm EQT Agrees to Settle Lawsuit for $167.5 Million

June 27 (Reuters) – U.S. energy company EQT (EQT.N) agreed to pay $167.5 million to settle a class action lawsuit filed by investors who claimed EQT overstated the benefits of its $6.7 billion merger with Rice Energy in 2017, according to a federal court filing on Thursday by the plaintiffs. Officials at EQT were not … Read more

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Trump Ends Trade Talks With Canada, Threatens to Set Tariff

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  President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax, and threatened to impose a fresh tariff rate within the next week. “Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada … Read more

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Texas Firm Aims to Build World’s Largest Data Energy Complex With Nuclear, Gas, Solar

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Fermi plans to partner on the “Hypergrid” project with Texas Tech University and said it will be launched on July 4. Perry, who also served as Texas governor, said that China is building 22 nuclear reactors while the U.S. is building none. “We’re behind – and it’s all hands on deck. We need to be … Read more

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Why Green Investors Keep Getting Carried Away

 (The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)  By Edward Chancellor LONDON, June 26 (Reuters Breakingviews) – To paraphrase Mark Twain, speculative bubbles don’t repeat themselves, but they often rhyme. The green technology boom that has imploded over the past three years is remarkably similar to the alternative energy bubble … Read more

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Canada Approves Law to Fast-Track Resource Projects, Faces Indigenous Opposition

Canada’s Senate passed a bill to fast-track approval for natural resource and infrastructure projects on Thursday despite opposition from Indigenous and environmental groups who have threatened protests and legal action. The bill’s passage and implementation are a test for Carney, who was elected in April promising to transform Canada’s economy in the face of what … Read more

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Governor Announces First Texas Energy Fund Loan for 122 MW Natural Gas Facility

Natural Gas Plant - Barry

June 26 (Reuters) – Texas Governor Greg Abbott announced on Thursday that the first Texas Energy Fund (TEF) loan agreement will be used to fund a 122 megawatt (MW) natural gas power plant in Texas. “Under the loan agreement, subject to customary financial closing procedures, total project costs are not to exceed $175 million, with … Read more

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US Proposes Gulf of Mexico Oil and Gas Lease Sale in December

June 25 (Reuters) – The Trump administration is proposing to hold a sale of oil and gas drilling rights on 80 million acres (32.4 million hectares) in the Gulf of Mexico on December 10 with lower deepwater royalty rates, according to the U.S. Bureau of Ocean Energy Management. President Donald Trump issued an executive order … Read more

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Oil Set for Steepest Weekly Decline in Two Years as Risk Subsides

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Summary Brent, WTI down 12% this week, most since March 2023 No major supply disruption from Mideast crisis, analysts say Lower US inventories lend some price support (Reuters) – Oil prices rose on Friday but were set for their steepest weekly decline since March 2023, as the absence of significant supply disruption from the Iran-Israel conflict … Read more

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US Will Not Complete Oil Deliveries into its Reserve Until Year-end

storage strategic reserve1200x810 dec 1 2022

The U.S. will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. Former President Joe Biden’s administration scheduled 15.8 million barrels of deliveries to the SPR from January through … Read more

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Tokyo Gas in Talks to Seal Long-Term US LNG Purchase Deals

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By Ruth Liao and Stephen Stapczynski Tokyo Gas Co. is in discussions with multiple US liquefied natural gas suppliers to secure a long-term purchase agreement, as rising energy demand leaves Japan increasingly dependent on the fuel source. Japan’s largest gas distributor is in talks with at least four companies over supply from projects dotting the … Read more

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Oil Market Reflects Slim Chance of Supply Disruption, Goldman Analysts Say

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Options markets suggest the probability of a disruption of oil flows through the Strait of Hormuz is just 4% following the Iran-Israel ceasefire, Goldman Sachs analysts said in a note on Thursday. Fears that Iran could close the Strait of Hormuz after U.S. strikes on its nuclear facilities sent Brent crude futures to a high … Read more

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Here’s Why BP Is Seen as a Potential Takeover Target

bp 1200x810 feb 2023

By Mitchell Ferman and James Herron It’s been almost 25 years since BP Plc attempted to rebrand itself as “Beyond Petroleum” and adopt a more environmentally friendly image. But with a recent swing away from green energy toward its fossil fuel roots, “Back to Petroleum” might be a more appropriate tag line. The shift comes … Read more

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Carney Energy Chief Seeks Indigenous Equity in Major Projects

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By Brian Platt and Jacob Lorinc Tim Hodgson Photographer: David Kawai/Bloomberg As Prime Minister Mark Carney’s government prepares to plow forward on major new energy and infrastructure projects, his natural resources minister says he wants Indigenous groups to pursue large ownership stakes in them. “If we are serious about retooling our economy, then economic reconciliation … Read more

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Siemens Energy Targets US Transformer Production in 2027, Can Further Expand Factory

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By Christoph Steitz Siemens Energy could further expand Charlotte plant if needed Taking long-term view on US market, CFO says Big US tariff hike would spark review of expected policy impact ERLANGEN, Germany, June 26 (Reuters) – Siemens Energy (ENR1n.DE) is expecting to start U.S. production of big industrial power transformers in 2027 and can … Read more

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Damaged Unit of Iran’s South Pars Refinery Back Operating, Nour News Says

(Reuters) – A damaged unit of the South Pars refinery’s Phase 14, which was hit by Israel in its first strike on Iran’s oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday. South Pars, the world’s biggest gas field, is located offshore in Iran’s southern Bushehr province … Read more

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Vessels Near Strait of Hormuz Transmit Unusual Messages to Prevent Attacks

uss kearsarge (lhd 3) transits the strait of hormuz.

(Reuters) – Vessels near the Strait of Hormuz have been broadcasting unusual messages concerning nationality in a bid to avoid being attacked as doubts linger over the ceasefire between Israel and Iran, according to maritime risk analytics firm Windward and ship tracking data on Thursday. The signals have been used since conflict broke out between … Read more

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Hawkish Fed Could Inflict Markets’ Biggest ‘Pain Trades’: McGeever

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By Jamie Mcgeever (Reuters) – As the first half of the year closes, financial markets are in limbo, waiting to see how the kaleidoscope of global trade deals will – or won’t – come together after July 9, when Washington’s pause on its “reciprocal tariffs” expires. But if investors are wrong-footed, which trades will be … Read more

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US Dollar Plunges as Trump Pummels Powell

The U.S. dollar is on course for its worst first half year since 1973, as it plummeted again on Thursday amid rising expectations for Federal Reserve easing and statements from President Donald Trump about his pick for the next Fed chair. I’ll discuss this and the rest of the market news below. Make sure to … Read more

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Equinor and Partners to Invest $2.1 Bln in Norway Oil, Gas Field

FILE PHOTO: A logo of Equinor, formerly known as Statoil, is seen at the company's headquarters in Fornebu, Norway May 21, 2018. REUTERS/Nerijus Adomaitis

By Reuters (Reuters) – Equinor  and its partners Vaar Energi  and Inpex Idemitsu will invest more than 21 billion Norwegian crowns ($2.08 billion) to develop Norway’s Fram South oil and gas field, the companies said on Thursday. Production is scheduled to start at the end of 2029, field operator Equinor said in a statement. “Fram South will … Read more

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Shell plc (“Shell”) Statement re BP plc (“BP”)

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June 26, 202512:00 AM Globe Newswire Shell plc (“Shell”) statement re BP plc (“BP”) In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer. … Read more

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Global Energy CO2 Emissions Reached Record High Last Year, Report says

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(Reuters) – Global carbon dioxide emissions from the energy sector hit a record high for the fourth year running last year as fossil fuel use kept rising even as renewable energy reached a record high, the Energy Institute’s annual statistical review of world energy showed on Thursday. WHY IT’S IMPORTANT The report’s figures highlight the … Read more

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IT’S COMING BACK! Everything We Know About LANDMAN Season 2

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“As long as there are stories to tell, I would love to keep telling them,” co-creator Christian Wallace said. Now that Taylor Sheridan’s new show Landman has aired its season finale, fans are already eager to know if the Texas-set drama will be back for a second season on Paramount+. In March, the streamer officially confirmed a Landman season 2 after … Read more

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Shell Denies It Is In Takeover Talks With BP After WSJ Report

Shell Gas Station

(Reuters) – Shell denied that it was in talks to buy BP after the Wall Street Journal reported on Wednesday that the oil major was in early discussions over a takeover of its British rival. “No talks are taking place. As we have said many times before, we are sharply focused on capturing the value … Read more

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NEW: 14 Tools to Help You Optimize Land Mapping in ArcGIS Pro

pandell 2023 feature logo 400x270

Digitize legal land descriptions into precise, mappable boundaries for title validation and acquisition. Are you mapping land rights in ArcGIS Pro and often juggling vague legal descriptions, tight tolerance requirements, and the pressure for precision? If you are a GIS specialist, land surveyor, real estate developer, or land management professional, here’s a new way to … Read more

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Oil Steady as Investors Shift Focus to Demand Signals

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Summary Brent, WTI trading below their levels right before Iran-Israel conflict Market focus switching to fundamentals, analysts say Data shows US ‘driving season is in full swing’, ANZ says (Reuters) – Oil prices edged higher on Thursday as investors remained cautious about the Iran-Israel ceasefire and shifted their attention to market fundamentals after a stockdraw in … Read more

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Canadian Oil Sands Production Expected to Reach All-time Highs this Year Despite Lower Oil Prices

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S&P Global Commodity Insights Raises 10-year Oil Sands Production Outlook for 4th consecutive year CALGARY, AB, June 24, 2025 /PRNewswire/ — S&P Global Commodity Insights has raised its 10-year production outlook for the Canadian oil sands. The latest forecast expects oil sands production to reach a record annual average production of 3.5 million b/d in 2025 (5% … Read more

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Trump Signals US May Need to Ease Iran Oil Sanctions to Help Rebuild Country

(Reuters) – President Donald Trump said on Wednesday that the U.S. has not given up its maximum pressure on Iran – including restrictions on sales of Iranian oil – but signaled a potential easing in enforcement to help the country rebuild. “They’re going to need money to put that country back into shape. We want … Read more

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US Crude, Gasoline and Distillate Inventories Fall Last Week- EIA

U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 5.8 million barrels to 415.1 million barrels in the week ending June 20, the EIA said, exceeding analysts’ expectations in a Reuters poll for a 797,000-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery … Read more

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Devil’s in the Details: Why BP’s Debt May Deter a Buyer

bp 1200x810 feb 2023

BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP says it has net debt of $27 billion – already more than some rivals – but … Read more

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US Gasoline Demand Rose Last Week to Highest Since December 2021, EIA Data Shows

(Reuters) – U.S. product supplied of gasoline rose to 9.6 million bpd in the week ended June 20, the highest since December 2021, data from the Energy Information Administration showed on Wednesday. Product supplied, EIA’s measure of demand, rose 389,000 barrels per day last week, the biggest week-over-week increase since the end of June, the … Read more

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Energy Transfer Expands LNG Supply Agreement With Chevron by 1.0 Million Tonnes Per Annum From Lake Charles LNG

Total Commitment from Chevron Now at 3.0 Million Tonnes Per Annum DALLAS–(BUSINESS WIRE)–Energy Transfer LP (NYSE: ET) today announced its subsidiary, Energy Transfer LNG Export, LLC (Energy Transfer LNG), has signed an incremental Sale and Purchase Agreement (SPA) with Chevron U.S.A. Inc. (Chevron) for additional LNG supply from its Lake Charles LNG export facility. The 20-year agreement … Read more

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Woodside Completes Louisiana LNG Sell-Down to Stonepeak

HOUSTON–(BUSINESS WIRE)–Woodside is pleased to announce the completion of the sell-down of a 40% interest in Louisiana LNG Infrastructure LLC to Stonepeak, a leading global investment firm specialising in infrastructure and real assets. The completion follows Woodside’s announcement on 7 April 2025 that it had signed an agreement with Stonepeak, enhancing Louisiana LNG economics and … Read more

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Enverus unveils 2024 Top 100 Private Operators: A New era of agility, innovation and strategic shifts

Enverus Logo

With eight new entrants, bold moves into gas-rich basins and billions in fresh capital, this year’s list highlights how private operators are redefining the upstream landscape amid consolidation and volatility AUSTIN, Texas (June 25, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released its annual list … Read more

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North Dakota Drilling, Fracking Activity Steady as Prices Gyrate, State Regulator Says

North Dakota Bakken Oil Pumpjack

(Reuters) – The number of hydraulic fracturing crews and rigs operating in North Dakota was unchanged in June, even as oil prices have faced increased volatility in recent weeks, the state regulator said on Tuesday during a monthly briefing. There are currently 13 frac crews operating in the state and 32 rigs. Overall, U.S. energy … Read more

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COMMENTARY: American Energy Dominance Requires American Emissions Dominance: John Westerheide – Kathairos Solutions

Below is an op-ed from John “Bunkie” Westerheide, Chief Revenue Officer of Kathairos Solutions, on the strategic future of American energy. It argues that in today’s global economy, true energy dominance must also mean emissions dominance. By any meaningful metric, energy dominance is synonymous with national power. In the 21st century, the United States’ position … Read more

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COMMENTARY: US Power Sector Battery Storage Momentum Keeps Charging On – Maguire

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By Gavin Maguire A drone view shows California’s largest battery storage facility, as it nears completion on a 43-acre site in Menifee, California, U.S., March 28, 2024. REUTERS/Mike Blake DENVER, June 24 (Reuters) – Rapid growth in the installation of batteries is upending power systems across the United States, with battery-deployed electricity volumes scaling new … Read more

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COMMENTARY: What Influences Crude Oil More? US Bombs or Iran’s Silent Allies – Russell

By Clyde Russell (Reuters) – Crude oil’s sharp reversal of the Israel-Iran war premium shows the power of a few words from a key player to move the market, but in doing so it also masks the greater influence of those who stay largely silent. Global benchmark Brent futures plunged after U.S. President Donald Trump … Read more

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Coterra Energy to Hold Permian Rig Count Steady as Oil Market Fears Ease

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(Reuters) – U.S. oil and gas producer Coterra Energy will hold its rig count steady at nine in the Permian Basin, CEO Tom Jorden said Tuesday, reversing earlier plans to scale back activity as the company grows more confident in the outlook for oil prices. In May, Coterra announced it would reduce its Permian activity … Read more

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US Senate Parliamentarian Says Oil, Gas Projects Can’t Skirt Environmental Review

u.s. capitol

(Reuters) – The massive U.S. tax and budget bill being finalized by Congress cannot pass a provision that automatically enables offshore oil and gas projects to skip over the federal environmental review process unless it gets at least 60 Senate votes, the body’s parliamentarian said on Monday. This is among the latest provisions that have … Read more

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Iranian President Says He’s Ready to Resolve Issues With US in Call With Saudi Crown Prince

trump mohammed bin salman 1200x810

(Reuters) – Iranian President Masoud Pezeshkian said Tehran was ready to resolve issues with the U.S. based on international frameworks, in comments in a phone call with Saudi Crown Prince Mohammed bin Salman, Iran’s official news agency IRNA reported on Tuesday. The call comes a day after U.S. President Donald Trump announced a ceasefire deal … Read more

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Oil Steadies as Investors Assess Iran-Israel Ceasefire, Demand Outlook

pumpjack oil steady 1200x810

Summary Report says US strikes failed to destroy Iran’s nuclear sites Prices settled at multi-week lows in previous session Markets now await US EIA data, US GDP and goods order data (Reuters) – Oil prices recovered a little on Wednesday after slumping earlier this week, as investors assessed the stability of a ceasefire between Iran and Israel, … Read more

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Trump Says China Can Buy Iranian Oil, But Urges it to Purchase US Crude

trump oval office jan 2025 1200x810

(Reuters) – President Donald Trump said on Tuesday that China can continue to purchase oil from Iran after the U.S. bombed the OPEC member’s nuclear facilities and hoped that China would also buy “plenty” of it from the United States. “China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty … Read more

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North Dakota Oil Production Down 22,000 bpd in April vs March to 1,172,000 bpd – State Regulator

(Reuters) – Oil production in North Dakota fell 22,000 barrels-per-day (bpd) to 1,172,000 bpd in April, monthly data from the state Industrial Commission showed. The data was released on the North Dakota Industrial Commission’s monthly index report page and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission’s general … Read more

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LNG Freight Rates Hit 8-mth Top on Tight Tanker Availability, Mideast Conflict

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By Emily Chow and Marwa Rashad LNG Atlantic, Pacific freight rates hit highest since Oct 2024, Spark data shows Europe and Asia are now equally profitable for US cargo deliveries, analyst says Mideast tensions push shipping, insurance costs higher, trade sources say SINGAPORE/LONDON, June 24 (Reuters) – Shipping costs for liquefied natural gas cargoes have … Read more

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Deloitte: AI Data Center Power Demand Could Surge 30x by 2035, Amid Power and Grid Capacity Constraints

ai driven data centre energy boom open for business in alberta 1200x810

As developing new data centers to power artificial intelligence (AI) becomes critically important, opportunity arises for industries to collaborate to support evolving infrastructure demands NEW YORK, June 24, 2025 /PRNewswire/ — As developing new data centers to power artificial intelligence (AI) becomes critically important, opportunity arises for industries to collaborate to support evolving infrastructure demands … Read more

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Clean Energy Assets Face Coverage Risks, Zurich Insurance Says

Takeaways by Bloomberg AI Assets designed to fight climate change, such as renewable energy generation capacity, may lose access to insurance unless they’re adequately shielded from extreme weather events. Without steps to boost resilience, Europe’s clean-energy assets may face up to €270 billion in losses by 2050 and be relatively more exposed to extreme weather … Read more

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