Energy News, Top Headlines, Commentaries, Features & Events

Putin Sees ‘Light at End of the Tunnel’ in Russia-US Ties, Cooperation in Arctic and Alaska

August 23, 2025August 23, 2025 by EnergyNow Media

President Vladimir Putin said on Friday that there was “light at the end of the tunnel” in Russia-U.S. relations and that the two countries were discussing joint projects in the Arctic and Alaska. The Russian president, answering questions during a visit to a nuclear research centre, said he was sure that U.S. President Donald Trump’s … Read more

Carbon Capture, Utilization and Storage (CCUS) Conference 2025

US Dept of Energy Grants Lake Charles LNG More Time to Start Exports

August 23, 2025 by EnergyNow Media

The U.S. Department of Energy said on Friday it had granted Energy Transfer additional time to start exports from the Lake Charles LNG facility under its non-Free Trade Agreement export permit. “On the heels of President Trump’s historic trade negotiations, demand for secure, reliable American LNG is surging,” Energy Secretary Chris Wright said in … Read more

Trump Plans to Make Cold War-Era Plutonium Available for Nuclear Power

August 23, 2025 by EnergyNow Media

Summary Radioactive, fissile plutonium from Cold War a headache for US US wants to halt disposal of it, use 20 metric tons for fuel Trump administration sees it as potential fuel for new reactors Critic points out similar program failed due to costs (Reuters) – The Trump administration plans to make available about 20 metric … Read more

Oil Prices Rise, Make Weekly Gains as Ukraine Peace Process Stalls

August 23, 2025August 23, 2025 by EnergyNow Media

Summary Potential stronger sanctions against Russia back in focus Prices also supported by US crude stocks drawdown German economic data raises concerns over demand HOUSTON – Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for the first … Read more

CHART: What Powered the World in 2024?

August 23, 2025August 23, 2025 by EnergyNow Media

By Dorothy Neufeld | Graphics/Design: Sabrina Lam Key Takeaways Global energy demand increased 2% to reach an all-time high of 592 exajoules (EJ) in 2024. Non-fossil fuels grew 7% year-over-year, bringing their share of the global energy mix to 13.5%. Global energy use rose to 592 EJ in 2024, marking a new record in demand. … Read more

US Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes

August 23, 2025August 23, 2025 by EnergyNow Media

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, 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 one to 538 in … Read more

North Dakota Oil Output to Rise in August as Operators Return Curtailed Output, State Regulator Says

August 22, 2025 by EnergyNow Media

(Reuters) – Oil output in North Dakota is set to rise in August as operators bring back online some production they had curtailed after oil prices sank earlier in the year, the state regulator said on Friday. Oil prices fell to multi-year lows last quarter after U.S. President Donald Trump unveiled an extensive list of … Read more

Parched Texas Ranches Offer a Solution to Shale’s Water Woes

August 23, 2025August 22, 2025 by EnergyNow Media

Oil companies in the Permian Basin are exploring desalination to recycle fracking wastewater for agricultural use. By David Wethe In the heart of North America’s most prolific oil field, West Texas is suffering from a water imbalance: Crude producers have too much while drought-hit farmers can’t get enough. Oil wells across the Permian Basin, which … Read more

CANADIAN MEGA DEAL – Cenovus Signs Cash-and-Stock Deal to Buy MEG Energy for US$5.7 Billion

August 22, 2025 by EnergyNow Media

CALGARY – Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at CDN $7.9 billion (US$5.7 Billion), including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in June that the company urged shareholders to reject. MEG chairman James McFarland says the … Read more

Surging US LNG Exports to Fuel Gowth in Shale Gas Production

August 22, 2025August 22, 2025 by EnergyNow Media

U.S. liquefied natural gas exports will soar by roughly 10% a year through 2030 as energy firms double their LNG production capacity, according to analysts, providing a shot in the arm to the country’s maturing shale industry which has seen growth slow and costs rise. The U.S. is the world’s largest oil and natural gas … Read more

US Opens National Security Probe Into Imported Wind Turbines, Components

August 22, 2025August 22, 2025 by EnergyNow Media

By David Shepardson and Nichola Groom WASHINGTON, Aug 21 (Reuters) – The U.S. Commerce Department said on Thursday it has opened a national security investigation into the import of wind turbines and components. Earlier this week, the department said it was adding wind turbines to a list of products that will face 50% tariffs on … Read more

US to Rule on Biofuel Waivers, But Big Oil Refiners May Need to Wait, Sources Say

August 22, 2025August 22, 2025 by EnergyNow Media

By Jarrett Renshaw EPA expected to rule soon on a number of the 190 pending refiner exemption requests. EPA expected to delay decision on whether larger refiners should make up for exempted gallons. The decisions will have significant impacts on oil and farm industries. Aug 21 (Reuters) – President Donald Trump’s administration is expected to … Read more

US Resumes Imports of Venezuelan Oil Under New License to Chevron

August 22, 2025August 22, 2025 by EnergyNow Media

(Reuters) – Two tankers chartered by Chevron carrying Venezuelan crude reached U.S. waters on Thursday, marking the first U.S. imports of the South American country’s oil following a new license granted by Washington, vessel tracking data showed. The U.S. Treasury Department last month issued a restricted license to Chevron allowing the U.S. company to operate … Read more

Charted: Global Crude Oil Trade Flows in 2024 – Visual Capitalist

August 22, 2025August 22, 2025 by EnergyNow Media

By Dorothy Neufeld | Graphics/Design: Joyce Ma Global Crude Oil Trade Flows in 2024 Key Takeaways China imported 11.1 million barrels of crude oil per day in 2024, with Russia standing as its largest supplier of oil. Meanwhile, the U.S. imported 6.6 million barrels per day (mb/d), with Canada accounting for 62% of the total. … Read more

Entergy to Build Three Gas Plants for Meta’s Biggest Data Center

August 22, 2025August 22, 2025 by EnergyNow Media

By Josh Saul and Riley Griffin Louisiana regulators approved Entergy Corp.’s plan to build three natural gas plants to power Meta Platform Inc.’s biggest data center. Meta’s latest and largest data center is a 4 million–square–foot complex in rural Louisiana intended to support the company’s most powerful artificial intelligence models. Meta Chief Executive Officer Mark … Read more

US Issues Sanctions on Networks, Vessels for Dealing in Iran Oil

August 22, 2025 by EnergyNow Media

WASHINGTON, Aug 21 (Reuters) – The Trump administration on Thursday issued more Iran-related sanctions, targeting 13 entities based in Hong Kong, China, the United Arab Emirates and the Marshall Islands, as well as eight vessels, the U.S. Treasury Department said. The measures cover Greek national Antonios Margaritis and his network of companies and vessels that … Read more

Oil Prices Set to End Losing Streak as Ukraine Peace Process Stalls

August 23, 2025August 22, 2025 by EnergyNow Media

Summary Potential stronger sanctions against Russia back in focus Prices also supported by US crude stocks drawdown German economic data raises concerns over demand (Reuters) – Oil prices were little changed on Friday as hopes for an imminent peace deal between Russia and Ukraine dimmed, putting prices on track for their first weekly gain in … Read more

Ukrainian Attack Suspends Russian Oil Flows to Hungary, Slovakia

August 22, 2025August 22, 2025 by EnergyNow Media

ukraine attack on russia august 22 2025 1200x810

Summary Ukraine stepping up attacks on Russian energy infrastructure Unecha pumping station key part of Europe-bound Druzhba pipeline Russian regional governor says Unecha site catches fire as result of Ukrainian missile, drone attacks Oil flows could be halted for five days Hungary, Slovakia call on Europe to guarantee supply security KYIV/BUDAPEST, Aug 22 (Reuters) … Read more

Asia’s Imports of US LNG to Surge, but Likely Not Enough for Trump: Russell

August 22, 2025August 22, 2025 by EnergyNow Media

There are early signs that some Asian countries are stepping up their imports of U.S. liquefied natural gas (LNG) as part of trade deals with President Donald Trump. Asia’s imports of the super-chilled fuel are on track to hit an eight-month high of 2.01 million metric tons in August, according to data compiled by commodity … Read more

Oil Market Braced For Glut as Asian Refiners Look Further Afield For Crude

August 21, 2025 by EnergyNow Media

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

By Yongchang Chin, Alex Longley, and Christopher Charleston Asian oil refiners have been hunting for crude from further afield than their usual suppliers in the Middle East, but this more diversified strategy isn’t stirring a market that’s bracing for a glut. The region that consumes around 40% of the world’s oil normally subsists on a … Read more

ConocoPhillips to Buy LNG From Sempra’s Port Arthur Phase 2 Project

August 21, 2025 by EnergyNow Media

By Pooja Menon Aug 21 (Reuters) – U.S. oil and gas producer ConocoPhillips (COP.N) said on Thursday it would secure 4 million tonnes per annum of liquefied natural gas from Sempra’s (SRE.N) Port Arthur LNG Phase 2 project in Texas to serve key global markets. Commercial activity in the U.S. LNG sector has picked up … Read more

JPMorgan Hires Two Investment Bankers to Bolster Services to Energy Companies

August 21, 2025 by EnergyNow Media

(Reuters) – JPMorgan Chase has hired two bankers to boost its investment banking capabilities for energy companies, including one which will help the bank focus on coverage of middle-market clients in the sector, per a memo seen by Reuters. The bank is creating a new vertical within its mid-cap investment banking unit to cover natural … Read more

COMMENTARY: Charting the Projected US Power Capacity Mix Through 2035 – Maguire

August 21, 2025 by EnergyNow Media

By Gavin Maguire LITTLETON, Colorado, Aug 21 (Reuters) – U.S. power generation capacity is evolving at the fastest pace in decades, as utilities scramble to ensure that supplies keep up with rapidly growing electricity demand from data centers, AI applications, businesses, homes and electric vehicles. To help frame expectations on what power sources will likely … Read more

ConocoPhillips Further Expands LNG Business with Additional Gulf Coast Offtake Agreement

August 21, 2025 by EnergyNow Media

HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced it has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), in Jefferson County, Texas. Under the agreement, ConocoPhillips … Read more

Ukrainian Man Arrested Over Nord Stream Pipeline Attacks

August 21, 2025 by EnergyNow Media

Summary No one has claimed responsibility for pipeline blasts Suspect used sailing yacht to carry out attack, prosecutors say Ukraine has previously denied involvement Pipelines carried Russian gas to Europe (Reuters) – A Ukrainian man was arrested in Italy suspected of coordinating the 2022 attacks on the Nord Stream pipelines, German prosecutors said on Thursday, … Read more

Chevron to Merge Hess Exploration Team With Its Own, CEO Says

August 21, 2025August 21, 2025 by EnergyNow Media

By Kevin Crowley and David Westin Chevron Corp. plans to merge Hess Corp.’s exploration team with its own to challenge “conventional thinking” and make new discoveries, Chief Executive Officer Mike Wirth in an interview on Bloomberg TV’s Wall Street Week. Chevron is cutting about 650 Hess jobs after completing its $53 billion takeover last month, … Read more

Crude Inventories See Sharp Decline as Exports Rise, EIA Says

August 21, 2025August 21, 2025 by EnergyNow Media

Crude inventories fell sharply last week amid lower imports and a jump in exports, the U.S. Energy Information Administration said on Wednesday. Crude oil stockpiles fell by 6 million barrels to 420.7 million barrels last week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.8 million-barrel draw. Inventories at the … Read more

Solar May Account for Half of New US Electricity Added This Year, EIA Says

August 21, 2025August 21, 2025 by EnergyNow Media

By Laila Kearney NEW YORK, Aug 20 (Reuters) – Developers are on track to add 33 gigawatts of solar power in the U.S. this year, accounting for about half of the total new electricity generating capacity planned for the country in 2025, the Energy Information Administration said on Wednesday. If the plans are realized, large-scale … Read more

Russia Expects India to Keep Buying Its Oil and Seeks China-India-Russia Talks

August 21, 2025August 21, 2025 by EnergyNow Media

By Krishna N. Das and Aftab Ahmed Buying oil from Russia “very profitable” for India, Russian official says Hopes rise for trilateral talks with India, China Russia wants to forge a greater Eurasian partnership Russia see scope for LNG supplies to India NEW DELHI, Aug 20 (Reuters) – Russia expects to continue supplying oil to … Read more

Oil Price ‘Smile’ Could Leave Traders in Tears

August 21, 2025August 21, 2025 by EnergyNow Media

Ron Bousso Summary IEA, EIA forecast large supply overhang in coming quarters Yet future Brent oil price do not reflect the need to store oil Geopolitical tensions blur the outlook for supply and demand LONDON, Aug 20 (Reuters) – A glaring mismatch between benchmark oil prices and expectations of a looming supply overhang has created … Read more

Oil Rises 1% on Signs of Strong Demand, Russia-Ukraine Peace Uncertainty

August 22, 2025August 21, 2025 by EnergyNow Media

pumpjacks 2 pumpjacks at sunrise 1200x810

Summary Brent, WTI rise for a second session US crude, gasoline stocks fall, lifting demand outlook Focus on talks for Ukraine peace deal (Reuters) – Oil prices rose 1% on Thursday, bolstered by signs of strong demand in the United States, with uncertainty over efforts to end the war in Ukraine also lending support. Brent … Read more

BP’s Whiting Refinery Restarts But Not Expected to be at Full Rates Until Early Next Week, IIR Says

August 20, 2025 by EnergyNow Media

(Reuters) – BP’s 440,000-bpd refinery in Whiting, Indiana, was in the process of restarting after flooding disrupted its operations earlier this week, industry monitor IIR said on Wednesday, adding the units would take several days to ramp up. The facility aims to be back running at full rates by early next week, IIR said. The … Read more

UAE’s Green Champion Shifts Hydrogen Billions to Data Boom

August 20, 2025 by EnergyNow Media

By Verity Ratcliffe and Anthony Di Paola Abu Dhabi’s main renewables company has diverted billions of dollars to AI projects instead of green hydrogen, due to a lack of buyers for the fuel once seen as key to the energy transition. Global demand for clean hydrogen products has fallen short of expectations while power needs … Read more

Oil Prices Rise on Drop in US Crude Inventories as Investors Focus on Ukraine Peace Push

August 20, 2025 by EnergyNow Media

By Scott Disavino US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace talks affects oil price volatility Trump says US may provide air support to back a Ukraine deal NEW YORK, Aug 20 (Reuters) – Oil prices climbed about 1% on Wednesday on a bigger-than-expected weekly drop in U.S. crude … Read more

US to Hold More Than 30 Offshore Oil and Gas Auctions Through 2040

August 20, 2025 by EnergyNow Media

FILE PHOTO: Representative Steve Scalise (R-LA) views BP's Thunder Horse Oil Platform in the Gulf of Mexico, from the air, 150 miles from the Louisiana coast in this May 11, 2017 handout photo obtained by Reuters June 26, 2017. Chris Bond/Handout via REUTERS

U.S. President Donald Trump’s administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet over the next 15 years. WHY IT’S IMPORTANT The plan fulfills a directive in Trump’s One Big Beautiful Bill Act, which passed last month, … Read more

US Gas-Heavy Power Pipeline Set to Stoke LNG Exporter Tensions

August 20, 2025 by EnergyNow Media

(Reuters) – U.S. power firms are building out the most gas-fired power generation capacity globally, which will cement the country’s position as by far the world’s largest natural gas consumer and gas-fired power producer. But the growing reliance on natural gas for domestic power generation also stands to stoke tensions with the fast-growing LNG export … Read more

BP’s 440,000-bpd Refinery in Whiting, Indiana, Reports Flaring Due to Severe Thunderstorms, Company Says

August 20, 2025August 20, 2025 by EnergyNow Media

(Reuters) – BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, on Tuesday reported flaring due to flooding caused by a severe thunderstorm overnight, the company said. “The Whiting Refinery’s operations were impacted by the significant thunderstorms overnight in Northwest Indiana that led to flooding and severe conditions in the surrounding neighborhoods,” the company said on Tuesday in … Read more

US Treasury Chief Bessent Accuses India of Profiteering on Russian Oil Purchases

August 20, 2025August 20, 2025 by EnergyNow Media

By Andrea Shalal WASHINGTON, Aug 19 (Reuters) – U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable. Bessent told CNBC in an interview that Russian oil now accounted for 42% of India’s total … Read more

STUDY: Average U.S. Tariffs Increased From 1.5% to 28%, Now Comparable to Rates in Iran and Sudan

August 20, 2025August 20, 2025 by EnergyNow Media

By Robert A. Lawson and Matthew D. Mitchell US Economic Freedom in a Trade War: Economic Freedom of the World 2025 Pre-release President Trump claims that the United States has been “ripped off by virtually every country in the world.” With the exception of China, every country Trump has singled out for treating America unfairly … Read more

Oil Firms as Investors Await Next Steps in Ukraine Peace Push

August 20, 2025August 20, 2025 by EnergyNow Media

Summary Trump says US may provide air support to back a Ukraine deal API shows weekly US crude, gasoline stocks fell BP says Whiting refinery operations hit by flooding (Reuters) – Oil rose on Wednesday as the American Petroleum Institute reported a drop in U.S. crude inventories and investors awaited the next steps in talks … Read more

Consolidation Reshapes the U.S. Oil and Gas Industry: EY Study Finds the Sector Shrinking From Top 50 to Top 40 Players

August 20, 2025August 20, 2025 by EnergyNow Media

Year-over-year mergers and acquisitions (M&A) activity surged 331%, totaling $206.6 billion Focus shifts to future drilling potential through strategic acquisitions Capital returned to shareholders declined NEW YORK, Aug. 19, 2025 /PRNewswire/ — The U.S. oil and gas industry is experiencing a seismic transformation, driven by a wave of mergers and acquisitions that has narrowed the … Read more

US Oil and Gas M&A Activity Tripled Last Year, Report Says

August 20, 2025August 20, 2025 by EnergyNow Media

(Reuters) – Mergers and acquisitions in the U.S. oil and gas sector tripled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to a report released on Tuesday. WHY IT’S IMPORTANT The jump in dealmaking marks a shift in strategy after years of focusing on shareholder returns … Read more

US Natgas Prices Drop 4% to Nine-Month Low on Record Output, Cooler Weather

August 20, 2025August 20, 2025 by EnergyNow Media

(Reuters) – U.S. natural gas futures fell about 4% to a nine-month low on Tuesday on near-record output, ample fuel in stockpiles and forecasts for less hot weather and lower demand through early September than previously expected. Another factor weighing on gas prices was a decline in the amount of gas flowing to liquefied natural … Read more

Cutting OPEX in Flame Arrester Maintenance: A Proven Innovation from PROTEGO® – Learn More

August 20, 2025August 19, 2025 by EnergyNow Media

By Dr. Michael Davies The conditions that flame arresters are subjected to in numerous industrial operations necessitate regular inspection and maintenance. Regular maintenance can easily become a burden in these situations. In process operation, OPEX (Operational Expenditure) should have a key focus on controlling cost by minimizing downtime and avoiding equipment failure during maintenance. In … Read more

Russia Bombards Ukrainian City Hours After Washington Summit

August 19, 2025 by EnergyNow Media

Russia struck the central Ukrainian city of Kremenchuk overnight, leaving a thick column of smoke hovering over the city in an attack that the local mayor called a sign that Russian President Vladimir Putin does not want peace. The bombardment on that city as well as other locations in Ukraine was Russia’s largest so far … Read more

Freeport LNG in Texas Recovers from Brief Reduction, Gas Intake Rises, LSEG data Shows

August 19, 2025 by EnergyNow Media

Aug 19 – U.S. company Freeport LNG’s export plant in Texas was on track to take in more natural gas on Tuesday, a sign that one of its liquefaction trains was resuming operations after an outage that started on Sunday, according to a company filing with state regulators and data from financial company LSEG. Freeport … Read more

War or Peace? For Oil Markets, the Ukraine Outcome is Insignificant: Bousso

August 19, 2025 by EnergyNow Media

U.S. President Donald Trump’s high-stakes diplomacy to resolve the war in Ukraine is unlikely to jolt oil and gas markets, no matter the outcome. Russia has faced multiple rounds of western sanctions and restrictions since its invasion of Ukraine in February 2022, which have dealt severe blows to the country’s giant oil and gas industry, … Read more

Chinese Refiners Sweep up Russian Oil After Indian Demand Falls, Analysts say

August 19, 2025 by EnergyNow Media

Summary China buys 15 Russian oil cargoes for October-November delivery Indian demand for Russian oil declines as discounts narrow in July Trump threatens retaliatory tariffs against Russian oil buyers (Reuters) – Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow’s exports falls away, two analysts … Read more

USDA Ends Programs for Solar, Wind Projects on Farms

August 19, 2025August 19, 2025 by EnergyNow Media

By Leah Douglas and Nichola Groom WASHINGTON, Aug 18 (Reuters) – The U.S. Department of Agriculture will no longer support solar and wind projects on productive farmland, said Agriculture Secretary Brooke Rollins in a post on X on Monday. The move is the latest in a series of actions by the administration of President Donald … Read more

Google Announces Tennessee as Site for Small Modular Nuclear Reactor

August 19, 2025August 19, 2025 by EnergyNow Media

By Laila Kearney Summary Google partners with TVA, Kairos Power for nuclear project First U.S. utility power purchase agreement for generation IV nuclear Project supports U.S. AI dominance and energy leadership, says Energy Secretary (Reuters) – Google, with Kairos Power, has selected Tennessee as the site of an advanced nuclear power plant that is expected to … Read more

Raisa Energy Puts $1.5 Billion of US Oil and Gas Assets up for Sale, Sources Say

August 19, 2025August 19, 2025 by EnergyNow Media

Private investment firm Raisa Energy is selling a package of oil and gas wells across numerous U.S. shale basins that may fetch around $1.5 billion, people familiar with the matter said. The sale, which is in its early stages, is not guaranteed and the final price could fluctuate depending on market conditions and other factors, … Read more

Gas Demand at Two of the Top US LNG Plants Declines

August 19, 2025August 19, 2025 by EnergyNow Media

(Reuters) – Two of the United States’ largest liquefied natural gas export plants recorded major declines in demand for natural gas on Monday, suggesting parts of their facilities might be down, according to data from financial firm LSEG. Cheniere’s Sabine Pass export facility in Texas, which utilizes up to 4.5 billion cubic feet of natural … Read more

Oil Prices Fall as Ukraine Talks Raise Prospect of Sanctions Easing

August 20, 2025August 19, 2025 by EnergyNow Media

Summary Oil prices down after previous session’s 1% gain Geopolitical risks have eased for oil this week -analyst Trump says US would help guarantee security for Ukraine LONDON, Aug 19 (Reuters) – Oil prices fell on Tuesday as traders weighed the possibility that talks between Russia, Ukraine and the U.S. to end the war in Ukraine could … Read more

Clean Energy Investors Relieved by Trump Tax Rule Changes

August 19, 2025August 19, 2025 by EnergyNow Media

Aug 18 (Reuters) – Shares of U.S. solar energy companies rose on Monday after the Trump administration released new subsidy rules for clean energy projects that were not as stringent as many investors had feared. Late on Friday, the Treasury Department narrowed the definition for what it means for a solar or wind project to … Read more

Woodside Cuts Exploration, Shifts Focus to $39 Billion Project Pipeline After Profit Drop

August 19, 2025August 19, 2025 by EnergyNow Media

Summary Co’s HY25 underlying NPAT falls to $1.25 billion Declares dividend at top end of payout ratio despite debt rising Woodside ‘absolutely focused’ on delivery, CEO says (Reuters) – Woodside Energy said on Tuesday it will scale back exploration efforts and prioritise its $39 billion project pipeline to strengthen its balance sheet, after depreciation and decommissioning … Read more

Black Hills to Buy Utility Firm NorthWestern Energy for $3.6 Billion

August 19, 2025August 19, 2025 by EnergyNow Media

(Reuters) – Utility company Black Hills said on Tuesday it would buy peer NorthWestern Energy Group for $3.6 billion. The all-stock deal, which has an enterprise value of $15.4 billion, would create a regional regulated natural gas utility company with a pro forma market capitalization of roughly $7.8 billion. The per-share value of about $59 implies … Read more

BlackRock’s GIP to Take Stake in Eni’s Carbon Capture Business

August 18, 2025 by EnergyNow Media

By Francesca Landini MILAN, Aug 18 (Reuters) – U.S. asset manager BlackRock’s (BLK.N) infrastructure fund GIP has agreed to buy a 49.99% stake in Eni’s (ENI.MI) carbon capture and storage business (CCUS), the Italian company said on Monday without disclosing the value of the deal. The proposed deal is part of Eni’s broader strategy to … Read more

LNG Cargoes From Sanctioned Arctic LNG 2 Project Travel East, Data Shows

August 18, 2025 by EnergyNow Media

(Reuters) – Four liquefied natural gas (LNG) tankers carrying cargoes from Russia’s Arctic LNG 2 plant, sanctioned over Moscow’s war in Ukraine, are headed east toward Asia, according to ship tracking data from Kpler and LSEG. The Christophe De Margerie tanker is travelling along the Northern Sea Route after loading at Arctic LNG 2 on … Read more

Trump’s Adviser Navarro Slams India for Buying Russian Oil

August 18, 2025 by EnergyNow Media

By Clara Ferreira Marques and Shruti Srivastava Takeaways by Bloomberg AI White House trade adviser Peter Navarro wrote that India’s purchases of Russian oil are “opportunistic and deeply corrosive” of a global effort to isolate the Kremlin. Navarro said that India uses dollars from American consumers who buy Indian goods to buy discounted Russian crude, which he characterized as … Read more

Centrica Signs 10-Year Deal for US Natural Gas With Devon Energy

August 18, 2025 by EnergyNow Media

Centrica Signs 10-Year Deal for US Natural Gas With Devon Energy By Priscila Azevedo Rocha and Anna Shiryaevskaya August 15, 2025 at 2:00 AM MDT Centrica Plc signed a 10-year agreement to buy natural gas from Devon Energy Corp. to help expand its activities across the Atlantic. Centrica Energy, its trading arm, will receive 50,000 million British thermal units per … Read more

T1, Corning Reach Deal to Make Fully American-Made Solar Panels

August 18, 2025August 18, 2025 by EnergyNow Media

workers install solar panels on a home in san francisco 1200x810

(Reuters) – U.S. solar company T1 Energy (TE.N) and specialty glass maker Corning (GLW.N) have reached a deal that will establish a fully domestic solar supply chain, connecting polysilicon, wafers, cells, and panels manufactured in the United States, they said on Friday. The deal will help T1 satisfy growing U.S. demand for panels produced with … Read more

NOW YOU KNOW – OIL PRICES: Western Canada Select (WCS) vs West Texas Intermediate (WTI) – What is the Difference and Why is There a Discount?

August 18, 2025August 18, 2025 by EnergyNow Media

By EnergyNow Staff Western Canada Select (WCS) and West Texas Intermediate (WTI) are both crude oil benchmarks, but they differ in quality, location, and market dynamics — which is why WCS typically trades at a discount to WTI. 1. What They Are WTI (West Texas Intermediate) A light, sweet crude oil (low density, low sulfur). … Read more

BKV CEO Sees Start-Up of LNG Projects Lifting Gas Prices in 2026

August 18, 2025August 18, 2025 by EnergyNow Media

LNG Projects Will Drive Gas Prices Up: BKV CEO BKV Corp., the largest natural gas producer in Texas’ Barnett shale basin, expects strong gas demand in 2026 as liquefied natural gas export terminals come online, driving up prices for the fuel. The US-based gas-producing unit of Thailand’s Banpu Pcl sees demand remaining solid for the rest of … Read more

Beyond the Front Gate: The Evolving Role of Physical Security in Oil and Gas Facilities

August 18, 2025 by EnergyNow Media

Physical security at industrial facilities—especially in the Oil and Gas sector—has grown far beyond the traditional image of fences and a security guard at the front gate. Our industry spans the country and facilities are often remote, isolated and hard to reach. From animal encounters to theft to operational risk mitigation, comprehensive physical security is … Read more

Pemex Readying Texas Refinery for ‘Big Block’ Overhaul, Sources Say

August 18, 2025August 18, 2025 by EnergyNow Media

(Reuters) – Pemex, Mexico’s national oil company, is preparing for the “Big Block” overhaul at its 312,500 barrel-per-day (bpd) Deer Park, Texas refinery to begin in early October, said people familiar with plant operations on Friday. The refinery’s 270,000 DU-2 crude distillation unit (CDU), the larger of two at the refinery, will be shut for … Read more

Russian Energy Export Disruptions Since Start of Ukraine War

August 18, 2025August 18, 2025 by EnergyNow Media

oil pumping jacks near almetyevsk, russia 1200x810

(Reuters) – When U.S. President Donald Trump meets Russian President Vladimir Putin on Friday, one of his bargaining chips to encourage Putin to make progress toward a ceasefire in Ukraine will be to ease U.S. sanctions on Russia’s energy industry and exports. Trump has also threatened tougher sanctions if there is no progress. Here is … Read more

Trump Says No Imminent Plans to Penalize China for Buying Russian Oil

August 18, 2025August 18, 2025 by EnergyNow Media

WASHINGTON, Aug 15 (Reuters) – U.S. President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to “in two or three weeks.” Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves … Read more

Oil Prices Rise on US Adviser Comments on India Buying Russian Crude

August 19, 2025August 18, 2025 by EnergyNow Media

Summary US adviser says if India wants to be a US strategic partner, it has to act like one Zelenskiy, European leaders to meet Trump on Monday (Reuters) – Oil prices rose on Monday after White House trade adviser Peter Navarro said India’s purchases of Russian crude were funding Moscow’s war in Ukraine and had to stop. … Read more

Trump Administration Unveils Stricter Subsidy Rules for Wind, Solar Projects

August 18, 2025August 18, 2025 by EnergyNow Media

(Reuters) – The U.S. Treasury Department on Friday unveiled stricter rules for how solar and wind projects can qualify for federal tax subsidies that President Donald Trump’s new tax and spending law is phasing out over the next two years. The revisions change longstanding definitions for what it means for a project to be considered … Read more

US Oil and Gas Rig Count Holds Steady This Week, Baker Hughes Says

August 16, 2025August 16, 2025 by EnergyNow Media

By Scott Disavino Aug 15 (Reuters) – U.S. energy firms this week held the number of oil and natural gas rigs operating steady, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, remained at 539 in the week … Read more

Data Center Owners Urge US Treasury to Keep Renewable Energy Subsidy Rules

August 16, 2025August 16, 2025 by EnergyNow Media

Aug 15 (Reuters) – The Data Center Coalition, which represents data center owners including Google, Amazon (AMZN.O) and Microsoft (MSFT.O), called on U.S. Treasury Secretary Scott Bessent to uphold existing rules for wind and solar energy subsidies, saying they have enabled the industry to grow quickly and stay ahead of competition from China. WHY IT’S … Read more

Oil Settled Nearly $1 Lower in Shadow of Trump-Putin Talks

August 18, 2025August 16, 2025 by EnergyNow Media

Summary Traders watch for progress in Trump-Putin talks Weaker Chinese data raises fuel demand concerns Projected oil market surplus weighs on price sentiment (Reuters) – Oil prices closed down nearly $1 on Friday as talks between U.S. President Donald Trump and Russian leader Vladimir Putin took place, which could lead to an easing of the sanctions imposed on Moscow … Read more

US Mulled Use of Russia Icebreakers for Gas Development Ahead of Summit-Sources

August 15, 2025 by EnergyNow Media

(Reuters) – The United States has had internal discussions on using Russian nuclear-powered icebreaker vessels to support the development of gas and LNG projects in Alaska as one of the possible deals to aim for when President Donald Trump meets Vladimir Putin on Friday, three sources familiar with the matter told Reuters. Trump landed in … Read more

Asian Spot LNG Prices Ease as Markets Eye Trump-Putin Meeting

August 15, 2025 by EnergyNow Media

(Reuters) – Asian spot liquefied natural gas (LNG) prices declined this week on soft demand and strong storage inventories and as markets awaited the outcome of a meeting between U.S. President Donald Trump and Russian leader Vladimir Putin later today. The average LNG price for September delivery into north-east Asia was at $11.65 per million … Read more

Seaway Crude Oil Pipeline System Resumes Full Operations After Leak

August 15, 2025 by EnergyNow Media

NEW YORK, Aug 15 (Reuters) – Enterprise Products Partners (EPD.N) said on Friday the Seaway crude oil pipeline system resumed full operations after a crude oil leak from the company’s oil terminal in southeast Houston earlier this week. A portion of the Seaway pipeline went down on Tuesday night, impacting crude oil flows on the … Read more

First Two Venezuelan Oil Cargoes by Chevron After License Depart to US

August 15, 2025 by EnergyNow Media

Aug 15 (Reuters) – The first two cargoes of Venezuelan oil exported by energy major Chevron (CVX.N) after it received a fresh U.S. authorization to operate in the country last month have set sail for the United States, vessel monitoring data showed on Friday. The U.S. Treasury Department granted Chevron a new license in late … Read more

NOW YOU KNOW – OIL PRICES: Western Canada Select (WCS) vs West Texas Intermediate (WTI) – What is the Difference and Why is There a Discount?

August 15, 2025 by EnergyNow Media

Here is How Russia’s War in Ukraine Has Shaped Global Markets

August 15, 2025 by EnergyNow Media

World markets are watching closely as U.S. President Donald Trump and Russia’s Vladimir Putin meet in Alaska later on Friday to seal a possible ceasefire agreement in Ukraine. This was a conflict that sparked an energy shock, sent food prices soaring, battered European assets and cut Russia’s economy off from much of the Western world. … Read more

Blackstone’s Purchase of Enverus a Wager that Data will Drive New Era in Energy, CEO Says

August 15, 2025August 15, 2025 by EnergyNow Media

US$6 billion-plus deal for Calgary-based energy software firm may be the largest Canadian-linked tech deal in 25 years By Meghan Potkins – More Articcles From Meghan Potkins Here Enverus CEO Manuj Nikhanj is accustomed to his company flying under the radar — including the news last week that it had reached a reported US$6 billion-plus deal … Read more

Global Oil Markets Race Record Glut Next Year: IEA

August 15, 2025August 15, 2025 by EnergyNow Media

The OPEC+ coalition, led by Saudi Arabia, has fast-tracked the restart of halted production Bloomberg News Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. Oil inventories will accumulate at a rate of 2.96 million barrels a day, surpassing even the average buildup … Read more

Is The World’s Green Hydrogen Dream Fizzling Out?

August 15, 2025 by EnergyNow Media

a train powered by fuel cells which convert hydrogen to electricity, in wolfsburg, germany 1200x810

Green hydrogen was meant to clean up dirty sectors like steel and shipping. But costs are high, investment is falling, and projects are stalling. Is it the fuel of the future — or a climate bet gone bad? By Keira Wright and David R Baker A train powered by fuel cells which convert hydrogen to … Read more

OPEC+ Reshaped the Calculus for Oil Markets and Spawned a Record Glut

August 15, 2025August 15, 2025 by EnergyNow Media

saudi arabian oil co. workers in the khurais oil field 1200x810

The International Energy Agency forecasts a surplus approaching 3 million barrels a day by next year. By Grant Smith Saudi Arabian Oil Co. workers in the Khurais oil field. Photographer: Maya Sidiqqui/Bloomberg The impact of this year’s dramatic policy reversal by OPEC+ is now becoming clear. This week’s reports from two of the oil industry’s … Read more

Oil Falls Ahead of Trump-Putin Summit in Alaska

August 16, 2025August 15, 2025 by EnergyNow Media

Oil falls ahead of Trump-Putin summit in Alaska Summary Traders watch for progress in peace talks Weaker Chinese data raises fuel demand concerns Projected oil market surplus also weighs on price sentiment Traders await (Reuters) – Oil prices fell on Friday as traders awaited talks between U.S. President Donald Trump and Russian leader Vladimir Putin, which some expect could lead … Read more

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

August 15, 2025August 15, 2025 by EnergyNow Media

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 106.4 bcfd in 2025 … Read more

US Faces Transformer Supply Shortfall as Power Demand Surges, WoodMac Says

August 15, 2025August 15, 2025 by EnergyNow Media

By Kavya Balaraman Aug 14 (Reuters) – The U.S. is poised to see supply shortages of 30% and 10%, respectively, of power and distribution transformers this year, as surging electricity consumption drives demand for power infrastructure, Wood Mackenzie said on Thursday. Demand for certain kinds of transformers – pieces of equipment that step up or … Read more

Mexico’s Sheinbaum Says Former Pemex CEO Arrested in US, to be Deported

August 15, 2025August 15, 2025 by EnergyNow Media

(Reuters) – Mexican President Claudia Sheinbaum said on Thursday that Carlos Trevino, former CEO of state oil company Pemex, had been arrested in the United States and would be deported to stand trial in Mexico for corruption charges. Trevino served as CEO of Pemex from 2017 to 2018, stepping down after former President Andres Manuel … Read more

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

August 18, 2025August 15, 2025 by EnergyNow Media

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

Aramco Signs $11 Billion Jafurah Midstream Deal with International Consortium Led by Global Infrastructure Partners

August 14, 2025 by EnergyNow Media

Jafurah Midstream Gas Company secures significant foreign direct investment, together with agreement to lease and leaseback development and usage rights for Aramco’s Jafurah midstream assets Aramco to receive upfront proceeds of $11 billion on completion, highlighting the value creation potential of its ongoing capital investment program Transaction to support optimization of Aramco’s assets, reflecting positive outlook for … Read more

Phillips 66 Reduces Gasoline Output at Bayway Refinery After Fire, Sources Say

August 14, 2025 by EnergyNow Media

NEW YORK, Aug 14 (Reuters) – Phillips 66 (PSX.N) has reduced gasoline output at its 258,000 barrels-per-day Bayway refinery in Linden, New Jersey, after a fire near the plant’s gasoline producing unit, two people familiar with the matter said on Thursday. An ancillary piece of equipment of the refinery’s fluid catalytic cracking unit caught fire … Read more

Trump Thinks Putin is Ready to Make a Deal

August 14, 2025 by EnergyNow Media

(Reuters) – President Donald Trump said on Thursday that he believes Russian President Vladimir Putin will make a deal, and that the threat of sanctions against Russia likely played a role in Moscow seeking a meeting. Trump is scheduled to meet with Putin in Alaska on Friday. The U.S. president said he is unsure whether … Read more

Hot U.S. Inflation Data Rattles Global Bond Markets

August 14, 2025 by EnergyNow Media

U.S. stagflation fears seeped into global markets on Thursday after surprisingly hot inflation data applied heavy pressure to U.S. Treasuries and sparked selling of government bonds everywhere from Germany to Japan. Wall Street stocks took a hit too, with futures contracts tracking the domestically-focused Russell 2000 share index, which dropped 1.2% in the minutes after … Read more

Thyssenkrupp Nucera Abandons US Green Hydrogen Projects No Longer Deemed Feasible – CEO

August 14, 2025August 14, 2025 by EnergyNow Media

Thyssenkrupp Nucera is in intensive discussions with stakeholders in its U.S. projects and is abandoning those no longer deemed feasible due to tax and spending changes initiated by U.S. President Donald Trump, its CEO said on Wednesday. Global demand for green hydrogen had stalled amid concern among clean-tech players over what Trump’s policies would mean for … Read more

Oil Price Structure Narrows, Premiums Fall as Supplies Rise, Summer Demand Ends

August 14, 2025 by EnergyNow Media

Summary Backwardation for Brent, WTI 6-month time spreads narrow Brent’s premium to Dubai lowest in 4 months Spot premiums for Oct-loading Dubai, Oman slip to month’s low Reuters) – Premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the Middle East, Latin America and Europe, … Read more

Venture Global LNG Expects to Win Remaining Arbitration Cases against Major Energy Companies

August 14, 2025August 14, 2025 by EnergyNow Media

venture global plaquemines lng export facility in port sulphur 1200x810

Liquefied natural gas producer Venture Global expects to win its remaining arbitration cases against major energy companies following its victory against Shell, CEO Mike Sabel said on Wednesday. The Arlington-based company’s stock rose 8% at midday, a day after it won the legal battle over Shell’s failure to deliver LNG under long-term contracts starting in … Read more

Oil Stable Ahead of Trump-Putin Alaska Meet

August 15, 2025August 14, 2025 by EnergyNow Media

Summary Brent and WTI stabilise off previous session’s two-month lows Trump meets Putin on Friday to discuss war in Ukraine U.S. crude stocks rose unexpectedly last week, EIA says (Reuters) – Oil prices were stable on Thursday as investors weighed the potential impact of Friday’s U.S.-Russia summit on Ukraine on Russian crude flows, after U.S. … Read more

Crude Oil Flows on Enterprise’s Texas Seaway Pipeline Fall, Leak Reported

August 14, 2025August 14, 2025 by EnergyNow Media

Crude oil flows on the Seaway pipeline in Texas fell on Wednesday, four sources said, as the pipeline’s operator reported a leak on the system to state regulators. The 950,000-barrel-per-day Seaway pipeline runs between Cushing, Oklahoma, and the Freeport, Texas, area and connects to the Enterprise Crude Houston (ECHO) terminal, a storage facility in southeast … Read more

US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says

August 14, 2025August 14, 2025 by EnergyNow Media

U.S. crude production will hit a record 13.41 million barrels per day in 2025 due to increases in well productivity, though lower oil prices will prompt a fall in output in 2026, the Energy Information Administration forecasted on Tuesday in a monthly report. The decline in 2026 production to 13.28 million bpd would be the … Read more

The Airline Industry’s Dirty Secret: Clean Jet Fuel Failures

August 15, 2025August 14, 2025 by EnergyNow Media

By Joanna Plucinska, Joe Brock, Marleen Kaesebier and Paul Carsten Graphics by Pasit Kongkunakornkul and Arathy J Aluckal A drone view shows the World Energy refinery in Paramount, California, U.S., June 24, 2025. REUTERS/Mike Blake PARAMOUNT, California – In 2019, Scott Kirby, the chief executive of United Airlines, hailed its new contract with green jet … Read more

US Crude and Distillate Inventories Rise, Gasoline Inventories Fall, EIA says

August 13, 2025 by EnergyNow Media

U.S. crude and distillate inventories rose while gasoline stockpiles fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 3 million barrels to 426.7 million barrels in the week ended August 8, the EIA said, compared with analysts’ expectations in a Reuters poll for a 275,000-barrel draw. Crude stocks at the … Read more

Rate Cuts and Falling Dollar Will Fuel Inflation

August 13, 2025 by EnergyNow Media

Interest rate cuts and the falling dollar will fuel inflation that is already above the Federal Reserve target – which may not just end the easing cycle early, it might spur a tightening cycle that no one is currently expecting. Core CPI, which rose to 3.1% year-on-year in July, is substantially higher than the central … Read more

World Oil Market Looks More ‘Bloated’ After OPEC+ Hike, IEA Says

August 13, 2025 by EnergyNow Media

Summary IEA expects global supply to rise by 2.5 million bpd in 2025 Trims forecast for demand growth this year to 680,000 bpd Global crude refining runs will approach record high in August Implied surplus to approach 3 million bpd in 2026 (Reuters) – World oil supply will rise more rapidly than expected this year … Read more

Russia Says its Demands are Unchanged: Full Ukrainian Withdrawal from Regions That Moscow Claims

August 13, 2025 by EnergyNow Media

Russia said on Wednesday that its stance on ending the war in Ukraine has not changed since President Vladimir Putin set out his conditions last year: the full withdrawal of Kyiv’s forces from key Ukrainian regions and the abandonment of its NATO ambitions. Putin and U.S. President Donald Trump are due to meet on Friday … Read more

US Exported 30% of its Primary Energy Output in 2024, Says EIA

August 13, 2025August 13, 2025 by EnergyNow Media

The United States exported about 30% of its domestic primary energy production last year, a significant increase over recent decades, the Energy Information Administration (EIA) said on Tuesday. Of the record 103 quadrillion British thermal units (quads) of total primary energy produced in the U.S., a record 31 quads were exported, the EIA added. The … Read more

Trinidad Awards Deepwater Blocks to Exxon, Could See $21.7 Billion Investment, Minister Says

August 13, 2025August 13, 2025 by EnergyNow Media

Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal said. Moonilal was speaking at an event in Port of Spain … Read more

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

August 13, 2025August 13, 2025 by EnergyNow Media

U.S. power consumption will hit record highs in 2025 and 2026, the Energy Information Administration said in its short-term energy outlook (STEO) on Tuesday. The EIA projected power demand will rise to 4,186 billion kilowatt-hours (kWh) in 2025 and 4,284 billion kWh in 2026, up from a record 4,097 billion kWh in 2024. Those demand … Read more

Venture Global Wins Arbitration Case Against Shell Over Contracted LNG Cargoes

August 13, 2025August 13, 2025 by EnergyNow Media

venture global flop swiftly wipes out $39 billion after ipo

Venture Global has won a legal battle against Shell over its failure to deliver liquefied natural gas under long-term contracts starting in 2023, the U.S. LNG major said on Tuesday. The company’s stock price rose almost 6% in after hour trade as investors cheered the decision. Firms, including Shell, BP, Edison and Galp, filed arbitration claims … Read more

Oil Falls as IEA Raises Supply Forecast, Investors Await US-Russia Meeting

August 13, 2025August 13, 2025 by EnergyNow Media

(Reuters) – Oil prices edged lower on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday’s meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Brent crude futures fell 41 cents, or 0.6%, to $65.71 a barrel by 1037 GMT, while U.S. West Texas Intermediate crude futures edged … Read more

Chevron-Chartered Tanker Docks at Venezuela to Load Oil After New US License

August 12, 2025 by EnergyNow Media

A Chevron-chartered tanker docked at Venezuelan state company PDVSA’s Jose terminal on Tuesday, positioning it to be the first to export crude to the United States under a new license Chevron received in July, LSEG tracking data showed. The U.S. Treasury Department late last month authorized Chevron to operate in the sanctioned OPEC nation again, … Read more

US Natural Gas Futures Slide 3% to eight-Month Low on Near-Record Output and Cooler Weather

August 12, 2025 by EnergyNow Media

U.S. natural gas futures slid about 3% to an eight-month low on Tuesday on near-record output, ample supplies of the fuel in storage and forecasts of cooler weather and lower demand than previously expected through late August. The price decline was accompanied by a drop in daily gas flows to liquefied natural gas export plants … Read more

Power Producers Need to Sign Big AI Deals to Justify Soaring Share Prices

August 12, 2025 by EnergyNow Media

Investors counting on a data center-fueled surge in US electricity demand are getting impatient. Some of the investors who drove NRG Energy Inc., Vistra Corp. and others to historic highs on optimism over surging data-center demand are starting to lose patience with the independent power producers. That’s because deals to supply the massive facilities with electricity are moving too … Read more

The Airline Industry’s Dirty Secret: Clean Jet Fuel Failures

August 12, 2025 by EnergyNow Media

In 2019, Scott Kirby, the chief executive of United Airlines, hailed its new contract with green jet fuel producer World Energy as an example for the aviation industry to follow in its drive to cut emissions. Six years later, that collaboration is dead. Boston-based World Energy was one of the first companies in the world … Read more

Texas Businessmen Indicted for Allegedly Bribing Officials at Mexico’s Pemex

August 12, 2025 by EnergyNow Media

Two Texas businessmen were indicted for allegedly bribing officials at Mexico’s state energy company Pemex with $150,000 and luxury items to secure contracts, the U.S. Justice Department announced on Monday. Between 2019 and 2021, Ramon Rovirosa and Mario Avila, both Mexican citizens and U.S. lawful permanent residents, conspired to pay bribes to officials at Pemex … Read more

OPEC Lifts 2026 Oil Demand View and Trims Supply Growth From Rivals

August 12, 2025August 12, 2025 by EnergyNow Media

(Reuters) – OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market outlook. World oil demand will rise by 1.38 million barrels per day in 2026, the Organization … Read more

Oil Steadies as US, China Announce Tariff Extension

August 13, 2025August 12, 2025 by EnergyNow Media

Summary U.S., China extend tariff pause to November Eyes on U.S. inflation data due later on Tuesday Trump-Putin talks on Friday cloud oil outlook (Reuters) – Oil prices were broadly steady on Tuesday as the United States and China extended a pause on higher tariffs, easing concerns an escalation of their trade war would hit … Read more

Venture Global Beats Second-Quarter Revenue Estimates on Higher LNG Sales

August 12, 2025August 12, 2025 by EnergyNow Media

Venture Global surpassed Wall Street expectations for second-quarter revenue on Tuesday, as the easing of new export permits for liquefied natural gas in the U.S. helped improve sales. Commercial activity in the sector picked up pace after President Donald Trump lifted a moratorium on new LNG export permits soon after taking office in January. Venture … Read more

NextDecade Secures $3 Billion Funding From TotalEnergies, GIP for Rio Grande LNG Project

August 13, 2025August 12, 2025 by EnergyNow Media

U.S. liquefied natural gas developer NextDecade said on Monday it will receive up to $3 billion in equity commitments from TotalEnergies and Global Infrastructure Partners (GIP) to finance the fourth liquefaction train at its Rio Grande LNG export project in Texas. TotalEnergies will contribute about $300 million for a 10% stake in the Train … Read more

The Crude Oil Market Bets Trump’s India Threats are Hollow: Russell

August 12, 2025August 12, 2025 by EnergyNow Media

The crude oil market’s rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen. President Donald Trump cited India’s imports of Russian crude when imposing an additional 25% tariff on imports from India on August 6, which is due … Read more

Malaysia’s Petronas to Boost International Portfolio to 60% Over Next Decade

August 12, 2025August 12, 2025 by EnergyNow Media

Malaysia’s state energy firm Petronas plans to raise the share of its international portfolio to 60% of its total business over the next decade, it said on Monday. The firm will build on its current international portfolio, which now accounts for around 40% to 50% of its investments, by integrating its domestic expertise with global … Read more

Denmark’s Orsted Seeks $9.4 billion as US wind Market Falters

August 11, 2025 by EnergyNow Media

Denmark’s Orsted seeks $9.4 billion as US wind market falters Summary Shares drop almost 30% after rights issue announcement Says cash will provide financial robustness in 2025-2027 Discontinues US project sale Danish state to maintain majority stake in Orsted Morgan Stanley to underwrite any unsubscribed shares COPENHAGEN, Aug 11 (Reuters) – Denmark’s Orsted on Monday asked … Read more

Trump’s Attack on Wind, Solar Cuts Deeper Than Industry Expected

August 11, 2025August 11, 2025 by EnergyNow Media

The Trump administration has instituted permitting reviews and imposed standards that threaten US wind and solar developments, and has rescinded Biden-era decisions earmarking coastal waters for future wind turbines. The actions have contributed to the cancellation or delay of more than $22 billion worth of clean energy projects since January and the loss of thousands … Read more

US Crude Exports Hit Four-Year Low in July on Low Domestic Supplies

August 12, 2025August 11, 2025 by EnergyNow Media

U.S. crude oil exports eased in July to the lowest levels in nearly four years on low domestic supplies and as Asian and European buyers found cheaper alternatives, undermining U.S. President Donald Trump’s push for more foreign countries to purchase U.S. energy supplies. The decline in exports from the top global producer underscores the extent … Read more

Why the Oil Market is Tight Despite Big OPEC+ Output Hikes

August 11, 2025August 11, 2025 by EnergyNow Media

OPEC+ oil producers have used high summer demand to launch their first output increases in three years, but those targets have proved difficult to hit, leaving the market surprisingly tight. On paper, the world’s largest group of oil-producing countries should be pumping an extra 2.5 million barrels of oil a day in September versus March, … Read more

Trump May Look Like He’s Winning the Trade War, But Hurdles Remain

August 11, 2025August 11, 2025 by EnergyNow Media

At a glance, U.S. President Donald Trump appears to be winning the trade war he unleashed after returning to the White House in January, bending major trading partners to his will, imposing double-digit tariff rates on nearly all imports, narrowing the trade deficit, and raking in tens of billions of dollars a month in much-needed … Read more

Vance Says Ukraine Peace Deal Unlikely to Satisfy Either Side

August 11, 2025August 11, 2025 by EnergyNow Media

U.S. Vice President JD Vance said a negotiated settlement between Russia and Ukraine is unlikely to satisfy either side, and any peace deal will likely leave both Moscow and Kyiv “unhappy.” He said the U.S. is aiming for a settlement both countries can accept. “It’s not going to make anybody super happy. Both the Russians … Read more

Norway Prepares First Major Oil, Gas Licensing Round in Years

August 11, 2025August 11, 2025 by EnergyNow Media

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(Reuters) – Norway’s energy minister said on Friday he is preparing to launch a new oil and gas licensing round on the Norwegian continental shelf, the first offer of new drilling permits in unexplored frontier regions since 2021. “Norway will be a long-term supplier of oil and gas to Europe, while the Norwegian continental shelf … Read more

Pemex Plan Disappoints Suppliers Awaiting Billions in Overdue Payments

August 11, 2025August 11, 2025 by EnergyNow Media

The head of an association representing global oilfield service firms in Mexico said on Thursday that a new business plan for state oil company Pemex lacks concrete measures to address its massive debt with suppliers, despite official promises to speed up payments. Rafael Espino, president of the AMESPAC association, told Reuters that in a Tuesday … Read more

Oil Falls as Markets Focus on US-Russia Talks

August 12, 2025August 11, 2025 by EnergyNow Media

Summary Trump and Putin to meet on Friday in Alaska UBS lowers Brent crude forecast on higher supply China producer prices fall more than expected in July (Reuters) – Oil prices fell on Monday, extending last week’s more than 4% decline, as investors looked to talks between the U.S. and Russia later this week on … Read more

COMMENTARY: US Energy Exporters Face Likely Letdown in Any US-India Trade Deal

August 11, 2025August 11, 2025 by EnergyNow Media

Gavin Maguire (Reuters) – The fresh 25% tariffs slapped on Indian goods by U.S. President Donald Trump this week are being viewed by many as a negotiating tactic designed to force India to buy more U.S. energy products and other goods going forward. But even though India’s fast-growing economy is the fifth largest globally, India’s … Read more

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

August 11, 2025August 11, 2025 by EnergyNow Media

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, 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 one to 539 in the week … Read more

Competing Bid Received in US Auction of Shares in Citgo’s Parent

August 9, 2025 by EnergyNow Media

(Reuters) – A U.S. federal court auctioning shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum to pay creditors for expropriations and debt defaults has received a competing bid, an officer overseeing the process said in a filing. A $7.4 billion bid by a group led by a subsidiary of Canadian miner Gold Reserve was recommended last month as winner … Read more

Oil Steadies on Reports of US-Russia Deal, Ends Week About 5% Lower

August 11, 2025August 9, 2025 by EnergyNow Media

Summary US, Russia aim to reach a deal to halt the war in Ukraine Latest US tariffs raise concerns over economic activity Trump threatens further sanctions on buyers of Russian oil US oil rig count rises by one to 411 HOUSTON, Aug 8 (Reuters) – Oil held steady on Friday as markets awaited a meeting … Read more

EOG Resources Reports Second Quarter 2025 Results and Updates 2025 Guidance

August 8, 2025 by EnergyNow Media

EOG Resources, Inc. (EOG) today reported second quarter 2025 results and updated its 2025 guidance. The attached supplemental financial tables and schedules for the reconciliation of non-GAAP measures to GAAP measures and related definitions and discussion, along with a related presentation, are also available on EOG’s website at http://investors.eogresources.com/investors. Key Financial Results In millions of USD, … Read more

Trump Tariffs on Russia’s Oil Buyers Bring Economic, Political Risks

August 8, 2025 by EnergyNow Media

Summary Trump’s tariffs could strain US-India-China relations Experts doubt tariffs will change Putin’s stance Potential oil market disruptions could spike global prices, carrying risks for Trump Aug 8 (Reuters) – From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy … Read more

Stone Ridge Buys Oklahoma Assets From ConocoPhillips

August 8, 2025 by EnergyNow Media

Acquisition Brings Stone Ridge Energy’s Portfolio to Over 11 GW of Power NEW YORK–(BUSINESS WIRE)–Stone Ridge Holdings Group (“Stone Ridge”), a financial services firm focused on alternative asset management, reinsurance, and bitcoin, today announced that its energy platform, Stone Ridge Energy (“SRE”), entered into a definitive agreement to acquire a major portfolio of Oklahoma energy … Read more

High-Grade US Firms Finance New M&A With More Equity and Cash, Less Debt

August 8, 2025August 8, 2025 by EnergyNow Media

Top-rated U.S. companies have financed their acquisitions mostly with equity and cash instead of debt this year, and could continue doing so even as M&A activity and hopes of interest rate cuts rise, bankers and investors said. High debt costs and worries of credit-rating downgrades for taking on debt made funding acquisitions with cash and … Read more

Oil Set for Steepest Weekly Losses Since June

August 8, 2025August 8, 2025 by EnergyNow Media

Summary Latest tariffs raise concerns over economic activity Trump threatens further sanctions on buyers of Russian oil Putin and Trump to hold meeting in coming days, says Kremlin (Reuters) – Oil prices edged higher on Friday but was poised for the steepest weekly losses since late June on a tariff-hit economic outlook and a potential … Read more

US Needs to Ramp Up LNG Production to Satisfy Trade Deals

August 8, 2025August 8, 2025 by EnergyNow Media

Foreign leaders are promising to buy American energy, but the industry can’t meet that demand right now. Countries are cutting trade deals with President Donald Trump by pledging to buy more American energy, and it’s likely most of these additional purchases will be of liquefied natural gas. If those promises turn into contracts, the US … Read more

Talen Energy Quarterly Profit Falls on Higher Expenses, Susquehanna Outage

August 7, 2025 by EnergyNow Media

Aug 7 (Reuters) – Utility Talen Energy reported a fall in second-quarter profit on Thursday, hurt by higher energy purchase costs and maintenance expenses associated with a refueling outage at its Susquehanna nuclear facility. In May, the utility identified extra maintenance work in Unit 2 of the Susquehanna facility that had already been placed under a planned outage … Read more

Kuwait Oil Minister Says OPEC Monitoring Market, Trump Remarks on Russian Oil

August 7, 2025 by EnergyNow Media

(Reuters) – Kuwait’s oil minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U.S. President Donald Trump’s recent remarks on Russian oil. “Through OPEC, we are monitoring the market in terms of supply and demand, and we are monitoring the U.S. President’s statements,” Al-Roumi told reporters, adding … Read more

ConocoPhillips to Sell Anadarko Assets for $1.3 Bln; Profit Beats Estimates

August 7, 2025 by EnergyNow Media

(Reuters) – ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit. Shares of the company rose nearly 2% in premarket trade. The asset sale, expected to close at the beginning of the fourth quarter, pushes ConocoPhillips past its $2 billion non-core … Read more

Oil Steadies on Potential Trump-Putin Meeting in Coming Days

August 7, 2025 by EnergyNow Media

Summary US crude inventories fall by more than expected Investors remain cautious after Trump tariffs on India Saudi Arabia raises its crude prices to Asia (Reuters) – Oil prices steadied on Thursday, paring early gains after the Kremlin announced that Russian President Vladimir Putin will meet U.S. President Donald Trump in the coming days, raising … Read more

Trump Says he Could Impose More Tariffs on China, Similar to India Duties, Over Russian Oil

August 7, 2025 by EnergyNow Media

U.S. President Donald Trump on Wednesday said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil, depending on what happens. “Could happen,” Trump told reporters, after saying he expected to announce more secondary sanctions aimed at pressuring Russia to end its war … Read more

TotalEnergies Won’t Invest in NextDecade’s Train 5 LNG Project, Sources Say

August 7, 2025 by EnergyNow Media

Summary Total prioritizes LNG projects with low liquefaction costs Tariffs raised Rio Grande construction costs Total pushing ahead with its own projects in Mozambique, PNG Aug 6 (Reuters) – TotalEnergies has decided not to invest in U.S. developer NextDecade’s fifth liquefied natural gas Rio Grande export facility in Texas or to buy LNG from its output, two … Read more

US Refiners Expected to Run Over 90% in Q3

August 7, 2025August 7, 2025 by EnergyNow Media

U.S. refiners are expected to continue operating above 90% of their combined production capacity of 18.2 million barrels per day (bpd) in the third quarter, said analysts contacted by Reuters. High refining margins are driving the continuing high levels of production from the second quarter into the third, but tropical storms could drive down production … Read more

Secondary Sanctions on Russia to be Implemented on Friday, White House Official Says

August 7, 2025August 7, 2025 by EnergyNow Media

U.S. envoy Steve Witkoff’s meeting with Russian President Vladimir Putin in Moscow on Wednesday went well, a White House official said, adding that Washington still planned to proceed with secondary sanctions on Friday. “The Russians are eager to continue engaging with the United States. The secondary sanctions are still expected to be implemented on Friday,” … Read more

US Crude Inventories Fall as Exports Rise, EIA Says

August 7, 2025August 7, 2025 by EnergyNow Media

*Crude exports rise by 620,000 bpd, driving inventory draw *Gasoline stocks fall by 1.3 mlb bbls, demand above 9 mln bpd *Distillate stockpiles drop unexpectedly, down by 565,000 bbls (Updates throughout, adds market reaction) By Stephanie Kelly NEW YORK, Aug 6 – U.S. crude oil stockpiles fell last week as exports rose, while gasoline and … Read more

Energy Transfer to Build $5.3 Billion Texas-to-Arizona Natural Gas Pipeline

August 7, 2025August 7, 2025 by EnergyNow Media

Energy Transfer LP is moving forward with plans to build a $5.3 billion natural gas pipeline from the Permian Basin to markets in New Mexico and Arizona. The expansion of the company’s Transwestern Pipeline networks that’s slated to begin operations in late 2029 will provide an outlet for Permian gas producers that have struggled with a dearth of … Read more

Diesel Pump Prices Are Surging in Potential Boost to Inflation

August 7, 2025August 7, 2025 by EnergyNow Media

US diesel prices have surged to the highest in almost a year due to tightness in global supplies, according to Bloomberg. The national average price of a gallon of diesel has risen 7% since early June to $3.738, American Automobile Association data show. The rising cost of diesel threatens to boost inflation and cause additional … Read more

India-US Spat Over Trade and Oil Threatens Wider Fallout

August 6, 2025 by EnergyNow Media

U.S. President Donald Trump’s tirade against India over trade and Russian oil purchases threatens to undo two decades of diplomatic progress, analysts and officials say, and could derail other areas of cooperation as domestic political pressures drive both sides to harden their stances. India’s opposition parties and the general public have urged Prime Minister Narendra … Read more

Diamondback Says it Should be Permian’s ‘Consolidator of Choice’ as Oil Outlook Dims

August 7, 2025August 6, 2025 by EnergyNow Media

Shale driller Diamondback Energy said on Tuesday it should remain the Permian Basin’s “consolidator of choice” as shale activity slows and the company focuses on shareholder returns following its $26 billion merger with Endeavor Energy. “We should naturally be the consolidator of choice as we execute a lower-cost and better overall development strategy,” a key … Read more

Williams CEO Sees LNG Taking Up More Than 25% of US Gas Market

August 6, 2025 by EnergyNow Media

Williams Cos., one of the world’s largest pipeline operators, projects liquid natural gas will expand to become more than 25% of the US gas market in the next decade. The energy infrastructure company also sees years of robust demand for the fuel, which currently makes up about 15% of the market, according to Chief Executive … Read more

Explainer: Where Could India Look to Replace Russian Oil?

August 6, 2025 by EnergyNow Media

(Reuters) – India, which gets more than a third of its oil imports from Russia, is likely to turn to supplies from the Middle East and Africa and other regions if it is forced to cut Russian imports due to possible U.S. penalties. WHY IS INDIA IMPORTING RUSSIAN OIL? India turned to purchasing Russian oil sold … Read more

NRG Energy Beats Quarterly Profit Estimates, Inks 295 MW Deal to Power Data Centers

August 6, 2025 by EnergyNow Media

By Reuters Reuters) – NRG Energy beat Wall Street estimates for second-quarter profit on Wednesday, as the utility got a boost from surging power demand and improved retail margins in its Texas unit. The company also entered into a 295 megawatt long-term retail deal to power data centers constructed on two NRG-owned sites in Texas, with … Read more

Siemens Energy Targets Upper End of Outlook as US Demand Outweighs Tariffs

August 6, 2025 by EnergyNow Media

Summary Company incurs US import tariff hit of 100 million euro in third quarter Third-quarter orders at 16.1 billion euros versus 14.1 billion euros in poll Order backlog reaches record of 136 billion euros (Reuters) – Siemens Energy expects to hit the upper end of its 2025 growth outlook range, it said on Wednesday, as its … Read more

Understanding Alberta’s Mature Asset Strategy Recommendations

August 6, 2025 by EnergyNow Media

Proposed ways to generate wealth while cleaning up inactive oil and gas sites By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta has a new set of recommendations to address the growing number of oil and gas production and infrastructure assets in the province that … Read more

Oil Rebounds on Trump Threats on Russian Crude Buyers

August 6, 2025August 6, 2025 by EnergyNow Media

Summary Oil prices rebound amid supply disruption concerns API crude draw data supporting prices, analysts say (Reuters) – Oil prices rebounded from the previous session’s five-week low on Wednesday, as traders focused on U.S. President Donald Trump threatening India with higher tariffs over its Russian crude purchases, and a larger-than-expected U.S. crude draw. Brent crude … Read more

Sliding US Rig Count Outpaces Efficiency Gains, Threatening Onshore Oil Output

August 6, 2025August 6, 2025 by EnergyNow Media

Summary Falling U.S. rig count threat to oil production Lower 48 oil production expected to fall next year, analysts say Permian rig count to fall below models for steady output Analysts model Permian rig count at 240-260 for steady output (Reuters) – The falling number of oil and gas rigs deployed across the United States … Read more

Chevron, Valero in Talks to Reactivate Supply Agreement on Venezuelan Oil to US, Sources Say

August 5, 2025 by EnergyNow Media

Chevron and Valero Energy are working to resume supplies of Venezuelan crude to Valero’s U.S. refineries under an agreement that was on pause, three sources close to the preparations said on Tuesday, following a new license granted to the U.S. oil major. Washington in late July issued a new restricted authorization for Chevron to operate, … Read more

Trump Says Drop in Energy Prices Will Prompt Putin to ‘Stop Killing People’

August 5, 2025 by EnergyNow Media

U.S. President Donald Trump on Tuesday said declining energy prices could pressure Russian President Vladimir Putin to halt the war in Ukraine. “If energy goes down enough, Putin is going to stop killing people,” Trump said in an interview on CNBC. “If you get energy down, another $10 a barrel, he’s going to have no … Read more

Trump Says He Will Raise Tariffs on India Soon Over its Russian Oil Purchases

August 5, 2025August 5, 2025 by EnergyNow Media

U.S. President Donald Trump on Tuesday said he would increase the tariff charged on imports from India from the current rate of 25% “very substantially” over the next 24 hours, given India’s continued purchases of Russian oil. “They’re fueling the war machine, and if they’re going to do that, then I’m not going to be … Read more

Record Production at Exxon and Chevron Humbles European Rivals: Ron Bousso

August 5, 2025 by EnergyNow Media

*Exxon, Chevron oil and gas production hit record in Q2 *Shell production drops to lowest in at least 20 years, BP’s drops from year ago *European majors hope to close a valuation gap with US rivals By Ron Bousso LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also has … Read more

POWERING UP! How Prepared Are U.S. Grid Operators for Extreme Heat This Summer?

August 5, 2025 by EnergyNow Media

(Reuters) – Grid operators across the U.S. are revamping their forecasting methods, introducing reforms to power markets and streamlining interconnection processes to quickly connect more energy to the grid, as a potent combination of extreme weather and data center growth elevate power demand this summer. High temperatures and the expansion of power-hungry data centers are … Read more

US-India Standoff is About More Than Russian Oil

August 5, 2025 by EnergyNow Media

(Reuters Breakingviews) – The standoff between the U.S. and India may well get worse before it gets better. Having slapped a 25% tariff on goods the South Asian country sends to America, Donald Trump is vowing to ratchet up the rate over the $4 trillion economy’s purchases of Russian oil. New Delhi calls the threat … Read more

Sunrun Dispatches a Record Amount of Energy to California’s Grid During a Historic Event

August 5, 2025 by EnergyNow Media

A new analysis confirms Sunrun’s leading position as the largest operator in California’s statewide distributed power plant, delivering 360 megawatts to the state’s grid on a record-setting night SAN FRANCISCO, Aug. 04, 2025 (GLOBE NEWSWIRE) — A new analysis by The Brattle Group found that Sunrun’s (Nasdaq: RUN) fleet of home batteries across California was … Read more

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2025 Financial and Operating Results

August 5, 2025 by EnergyNow Media

MIDLAND, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the second quarter ended June 30, 2025. SECOND QUARTER HIGHLIGHTS Q2 2025 average production of 41,615 bo/d (79,286 boe/d) Q2 2025 consolidated net income … Read more

Archrock Reports Second Quarter 2025 Results and Raises 2025 Financial Guidance

August 5, 2025 by EnergyNow Media

HOUSTON, Aug. 04, 2025 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today reported results for the second quarter 2025. Second Quarter 2025 and Recent Highlights Revenue for the second quarter of 2025 was $383.2 million compared to $270.5 million in the second quarter of 2024. Net income for the second quarter … Read more

Oil Steadies as OPEC+ Output Hikes Counter Russia Disruption Concerns

August 6, 2025August 5, 2025 by EnergyNow Media

Summary Brent and US crude stabilise after three consecutive declines OPEC+ output hike, demand worries add to oversupply outlook Trump again threatens India with high tariffs over Russian oil purchases LONDON, Aug 5 (Reuters) – Oil was little changed on Tuesday as traders assessed rising OPEC+ supply and worries of weaker global demand, against U.S. … Read more

OPEC+ Gets Lucky as it Brings Back Oil Output Amid Uncertainty

August 5, 2025August 5, 2025 by EnergyNow Media

Clyde Russell (Reuters) – A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per day of crude production and still keep oil prices anchored around $70 a barrel. But this is exactly what has occurred, with the eight members … Read more

Goldman Keeps Brent Oil Forecast, but Flags Downside Risks to Demand

August 5, 2025August 5, 2025 by EnergyNow Media

Goldman Sachs on Sunday reiterated its oil price forecast with Brent averaging $64 per barrel in the fourth quarter of 2025 and $56 in 2026, but expects an increasing range of risks to its baseline estimates from recent developments.“Increasing pressure on Russia and Iran sanctioned oil supply poses an upside risk to our price forecast, … Read more

Letter to Stockholders Issued by Diamondback Energy, Inc

August 4, 2025 by EnergyNow Media

MIDLAND, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and is being furnished to the Securities and Exchange Commission (SEC) and released to our stockholders simultaneously with our earnings release. Please see the information regarding forward-looking statements and non-GAAP financial information included at … Read more

Diamondback Energy, Inc. Announces Second Quarter 2025 Financial and Operating Results

August 4, 2025 by EnergyNow Media

MIDLAND, Texas, Aug. 04, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2025. SECOND QUARTER 2025 AND RECENT HIGHLIGHTS Average oil production of 495.7 MBO/d (919.9 MBOE/d) Net cash provided by operating activities of $1.7 billion; Operating Cash … Read more

Malaysia Agrees to Boost Tech, LNG Purchases From U.S. as Part of Trade Deal

August 4, 2025 by EnergyNow Media

(Reuters) – Malaysia will spend up to $150 billion in the next five years to buy equipment from U.S. multinationals for its semiconductor, aerospace and data centre sectors, part of a deal with Washington to cut tariffs, its trade minister said on Monday. The United States announced last week that it would impose a 19% tariff on … Read more

BP Strikes Major Oil Discovery Offshore Brazil, Its Largest in Decades

August 4, 2025August 4, 2025 by EnergyNow Media

(Reuters) – BP said on Monday it has made its largest oil and gas discovery in 25 years in Brazil’s Santos basin, a so-called pre-salt area in deep water offshore which is believed to be a large reservoir of oil and gas. BP returned its focus to fossil fuels last year to regain investor confidence and revive … Read more

How Moscow Might Respond if Trump Stops Russian Oil to India

August 4, 2025August 4, 2025 by EnergyNow Media

(Reuters) – U.S. President Donald Trump’s demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis. India, the world’s third largest oil importer, has become the biggest buyer of Russian oil … Read more

41 Years of Innovation-Powered by Your Trust – MicroWatt Controls

August 4, 2025 by EnergyNow Media

By Microwatt Controls. For over four decades, Microwatt has proudly stood at the forefront of industrial safety, gas detection, and automation solutions. We’ve been trusted partners to organizations across Western Canada, helping shape safer, smarter, and more connected industrial environments. As we celebrate our 41st year, we’d like to thank our customers and partners for … Read more

CASE STUDY: Innovating Small-Bore Welding on a Hydrogen Furnace with CooperCoil™

August 4, 2025 by EnergyNow Media

Client: Major Petrochemical Operator – Alberta Scope: Pigtail (small-bore) welds beneath legacy hydrogen furnace Conditions: Catalyst remained in tubes, requiring extreme caution and minimal heat spread Problem with Traditional Method: Rigid ceramic elements obstructed the weld area, required excessive insulation, and posed a risk of heat bleed Challenge: A critical maintenance scope called for welding … Read more

COMMENTARY: ‘Tariffs – Use This Version, Please’

August 4, 2025August 4, 2025 by EnergyNow Media

(Reuters) – A look at the day ahead in European and global markets from Stella Qiu: It is tariff deadline day and President Donald Trump delivered by slapping fresh levies on imports from dozens of countries, including those that do not have a trade deal yet. Rates were set at 35% for Canada, 25% for … Read more

Chevron’s Exports of Venezuelan Oil Expected to Resume This Month, CEO Says

August 4, 2025August 4, 2025 by EnergyNow Media

(Reuters) – U.S. oil producer Chevron expects its exports of Venezuelan crude to the U.S. to resume this month, the company’s chief executive said on Friday, following a restricted license received this week from the U.S. Treasury Department to operate in the sanctioned country and do oil swaps. Chevron’s CEO Mike Wirth also said in … Read more

US Drillers Cut Oil and Gas Rigs for Second Week, Baker Hughes Says

August 4, 2025August 4, 2025 by EnergyNow Media

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, 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 two to 540 in … Read more

US Sanctions Force Vessels With Russian Oil to Divert From India, Sources Say

August 4, 2025August 4, 2025 by EnergyNow Media

(Reuters) – At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed. The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which are involved in transporting … Read more

Oil Falls as OPEC+ Proceeds With September Output Hike

August 5, 2025August 4, 2025 by EnergyNow Media

Summary OPEC+ to raise output by 547,000 bpd in September Healthy economy, low stocks support production hike, OPEC+ says India to keep buying Russian oil despite Trump threats, sources say Latest Trump tariffs unlikely to budge, top negotiator says (Reuters) – Oil prices dropped on Monday after OPEC+ agreed to another large output hike in … Read more

Democrats Decry Extra US Scrutiny of Solar, Wind Projects on Public Lands

August 4, 2025August 4, 2025 by EnergyNow Media

(Reuters) – Four Democratic U.S. senators on Friday slammed last month’s directive by Interior Secretary Doug Burgum requiring his office to review decisions on every wind and solar power project on federal lands, saying it will lead to delays and discourage private investment as power demand rises. The lawmakers said the directive creates a bottleneck that will … Read more

Tesla Ordered by Florida Jury to Pay $243 Million in Fatal Autopilot Crash

August 3, 2025 by EnergyNow Media

Summary Verdict could lead to more lawsuits, experts say One died, one injured in Model S crash in 2019 Tesla to appeal, blames driver Tesla shares down 1.8% on Friday, 25% this year (Reuters) – A Florida jury on Friday found Tesla liable to pay $243 million to victims of a 2019 fatal crash of an … Read more

India Will Buy Russian Oil Despite Trump’s Threats, NYT Reports

August 3, 2025 by EnergyNow Media

from the taliban to russia billions in oil and gas investment underway around the world 1200x810 1

Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday. Reuters could not immediately verify the report.The White House, India’s Ministry of External Affairs and the Ministry of Petroleum and Natural Gas did … Read more

OPEC+ Agrees in Principle to Another Large Oil Output Hike, Sources Say

August 4, 2025August 3, 2025 by EnergyNow Media

Summary Sept hike of 548,000 bpd agreed, sources say ahead of meeting Virtual meeting starts at 1100 GMT on Sunday Oil supported by US demands for India to stop buying Russian oil (Reuters) – OPEC+ has reached a preliminary deal to increase oil production by 548,000 barrels per day from September, three sources said on … Read more

Exxon Beats Profit Estimates With Higher Production Despite Weak Oil Prices

August 2, 2025August 2, 2025 by EnergyNow Media

(Reuters) – Exxon Mobil, the United States’ biggest oil producer, beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production costs offset the impact of lower crude prices. Oil and gas production was the highest for any second quarter since the merger of Exxon and Mobil formed … Read more

Oil Falls $2 a Barrel on Worries About OPEC+ Supply, US Jobs Data

August 2, 2025 by EnergyNow Media

By Erwin Seba Oil prices head for weekly gain US tariffs on dozens of countries take effect on August 1 Investors weigh impact from Trump threats over Russian oil HOUSTON, Aug 1 (Reuters) – Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, … Read more

Chevron Beats Wall Street Profit Estimates With Record Output

August 1, 2025 by EnergyNow Media

(Reuters) – Chevron beat analyst estimates for second-quarter profit on Friday as record oil and gas production and lower capital expenditure helped to offset the impact of lower crude prices. The No. 2 U.S. oil major last month headed off a legal challenge from the biggest U.S. producer Exxon Mobil enabling it to close its … Read more

ExxonMobil Announces Second-Quarter 2025 Results

August 1, 2025 by EnergyNow Media

Delivered industry-leading results, earnings of $7.1 billion and cash flow from operations of $11.5 billion1 Returned industry-leading $9.2 billion to shareholders, on pace to purchase $20 billion in shares this year2 Repurchased approximately 40% of shares issued to acquire Pioneer Natural Resources since May 2024 Commenced start-up of Singapore Resid Upgrade, Fawley Hydrofiner and Strathcona … Read more

Chevron Reports Second Quarter 2025 Results

August 1, 2025 by EnergyNow Media

Reported earnings of $2.5 billion; adjusted earnings of $3.1 billion Record production; 1 million BOE per day in the Permian Basin Returned $5.5 billion cash to shareholders; 13 straight quarters of over $5 billion Completed acquisition of Hess Corporation in July HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) reported earnings of $2.5 billion ($1.45 per share – diluted) … Read more

OPEC+ Seen Further Raising Oil Production on Sunday, Sources Say

August 1, 2025 by EnergyNow Media

(Reuters) – OPEC+ will likely approve another oil output hike on Sunday, sources familiar with the discussions said, adding that the producer group was still debating the final size of the increase for September. OPEC+, which pumps about half of the world’s oil, has been curtailing production for several years to support the market. But … Read more

Fluor Joint Venture Awarded Front End Engineering and Design for Proposed Second Phase of LNG Canada Facility in British Columbia

August 4, 2025August 1, 2025 by EnergyNow Media

IRVING, Texas–(BUSINESS WIRE)–#EnergySolutions—Fluor Corporation (NYSE: FLR) announced today that its Joint Venture (JV) with JGC Corporation has been awarded the contract to update the Front End Engineering and Design (FEED) for a proposed Phase 2 expansion of the LNG Canada facility located on the traditional territory of Haisla Nation in Kitimat, British Columbia, Canada. Fluor recognized … Read more

COMMENTARY: How to Unleash Small Modular Reactors – Alex Epstein

August 1, 2025August 1, 2025 by EnergyNow Media

My testimony to the House Oversight Committee on “The New Atomic Age: Advancing America’s Energy Future.” By Alex Epstein This week I testified in front of the House Committee on Oversight and Government Reform on the topic “The New Atomic Age: Advancing America’s Energy Future.” Watch my testimony and Q&A here, or read the transcript … Read more

California Imports Saudi Arabian Gasoline for First Time Since 2022

August 1, 2025August 1, 2025 by EnergyNow Media

(Reuters) – Fuel importers in California have received gasoline from Saudi Arabia’s Jubail Industrial Port after maintenance at the world’s largest refinery in India helped to open the rare arbitrage opportunity, data from oil analytics firm Kpler showed. Three gasoline shipments totaling about 886,000 barrels from Saudi’s Jubail Industrial Port have discharged in recent months … Read more

US Oil Output Rose to Fresh Record in May, EIA Data Shows

August 1, 2025 by EnergyNow Media

(Reuters) – U.S. crude oil production rose to a record 13.49 million barrels-per-day in May, even as oversupply concerns pushed prices for the commodity to four-year lows, data from the U.S. Energy Information Administration showed on Thursday. U.S. President Donald Trump has repeatedly called for higher oil production from the country, where output was already … Read more

FERC Staff Recommend Final Environmental Approval for Rio Grande LNG Project

August 1, 2025August 1, 2025 by EnergyNow Media

(Reuters) – Staff at the Federal Energy Regulatory Commission have recommended Next Decade’s Rio Grande LNG project in Brownsville, Texas, receive its final environmental approval, a document showed. The recommendation is a major step forward for the company as it pursues the 18 million metric tons per annum export facility. The project had faced uncertainty … Read more

US Gasoline Demand in May Hits Lowest Seasonal Level Since 2020, EIA Says

August 1, 2025 by EnergyNow Media

(Reuters) – U.S. gasoline demand in May fell to the lowest for that month since the coronavirus pandemic of 2020, data from the Energy Information Administration showed on Thursday, indicating consumers cut back on fuel purchases despite lower prices. Product supplied of finished motor gasoline, the EIA’s proxy for demand, averaged about 9.06 million barrels-per-day … Read more

Phillips 66 Hit with $800 Million Penalty in Biofuel Trade Secrets Case

August 1, 2025August 1, 2025 by EnergyNow Media

U.S. refiner Phillips 66 was ordered to pay biofuel maker Propel Fuels $800 million in damages for stealing trade secrets to build up its renewable-fuel capabilities, according to a California state court document. A state court in Alameda, California, on Wednesday ordered Phillips 66 to pay $195 million in punitive damages, in addition to $604.9 … Read more

Exxon, Chevron Profits to Drop to Lowest Point Since Pandemic, Analysts Say

August 1, 2025 by EnergyNow Media

(Reuters) – Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue. The April-June quarter covered a volatile period in which the OPEC+ group of producers continued raising their production volumes, putting … Read more

Blackstone Emerges as Frontrunner to Buy Enverus

August 1, 2025 by EnergyNow Media

Summary Blackstone may pay around $6 billion for Enverus Veritas Capital also showed interest in Enverus Enverus owner H&F has been running sale process in recent weeks (Reuters) – Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus for around $6 billion, according to sources familiar with the matter. Reuters reported in … Read more

Oil Steadies as Concerns About Tariff Impacts Vie With Russian Supply Threats

August 1, 2025August 1, 2025 by EnergyNow Media

(Reuters) – Oil prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of new higher U.S. tariffs that may curtail economic activity and lower global fuel demand growth. Brent crude futures rose 4 cents, or 0.06%, to $71.74 a barrel by 1201 GMT. U.S. … Read more

Tariff Uncertainty and Rising OPEC+ Supply Weigh on Oil Prices

August 1, 2025August 1, 2025 by EnergyNow Media

By Anushree Ashish Mukherjee Brent projected to average $67.84 per barrel in 2025 WTI to average $64.61 per barrel in 2025 July 31 (Reuters) – Analysts are keeping their oil price forecasts mostly unchanged for 2025, as a rise in OPEC+ output and ongoing U.S. tariff uncertainty weigh on the market, a Reuters poll showed … Read more

Asia Steps Up US WTI Oil Imports as Middle East Prices Rise

July 31, 2025July 31, 2025 by EnergyNow Media

Asia is expected to step up imports of U.S. West Texas Intermediate crude in the fourth quarter after Middle East oil prices strengthened and opened the arbitrage window, trade sources said. Middle East crude benchmarks Dubai and Murban gained this month on the back of robust demand for high-sulphur oil in Asia, narrowing their price … Read more

Freeport LNG Gas Flows Still Curtailed After Power Outage, LSEG Data Show

July 31, 2025 by EnergyNow Media

(Reuters) – The Freeport LNG export terminal in Texas was running at about half of normal capacity on Thursday following a power interruption that had put the entire plant offline a day earlier, according to data from financial firm LSEG. Freeport LNG is the third-largest liquefied natural gas (LNG) plant in the U.S. and in … Read more

Shell Profit Drops by Almost a Third on Lower Prices, But Beats Expectations

July 31, 2025 by EnergyNow Media

By Shadia Nasralla Oil price in second quarter dropped on OPEC+ output hikes Quarterly profit of $4.26 bln beats analyst poll of $3.74 bln Keeps pace of share buybacks at $3.5 bln for quarter Company shares climb around 2% LONDON, July 31 (Reuters) – Shell’s (SHEL.L) second-quarter net profit tumbled by almost a third on … Read more

Sempra Infrastructure and JERA Announce Sale and Purchase Agreement for U.S. LNG from Port Arthur LNG Phase 2

July 31, 2025 by EnergyNow Media

HOUSTON, July 31, 2025 /PRNewswire/ — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), and JERA Co., Inc. (JERA) today announced a 20-year sale and purchase agreement for the supply of 1.5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas. The LNG will … Read more

TC Energy Raises Full-Year Core Profit Forecast on Natural Gas and Power Demand

July 31, 2025 by EnergyNow Media

(Reuters) – Canadian pipeline operator TC Energy raised its full-year adjusted core earnings forecast on Thursday, driven by increased natural gas and power demand and strength in its North America operations. In May, TC Energy said it is forecasting an uptick in capital project announcements later this year and into the next, as coal-to-gas conversions … Read more

Asia Steps Up US WTI Oil Imports as Middle East Prices Rise, Sources Say

July 31, 2025 by EnergyNow Media

(Reuters) – Asia is expected to step up imports of U.S. West Texas Intermediate crude in the fourth quarter after Middle East oil prices strengthened and opened the arbitrage window, trade sources said. Middle East crude benchmarks Dubai and Murban gained this month on the back of robust demand for high-sulphur oil in Asia, narrowing … Read more

MPLX LP to Buy Northwind Midstream in $2.38 Billion Deal to Expand Permian Basin Footprint

July 31, 2025 by EnergyNow Media

williams can cross path of energy transfer gas pipeline, court rules 1200x810

(Reuters) – MPLX LP said on Thursday it will acquire Northwind Midstream for $2.38 billion in cash to expand its sour gas gathering and processing footprint in the Permian Basin, as producers ramp up drilling in New Mexico. Northwind, backed by Five Point Infrastructure, operates in Lea County, New Mexico, and has more than 200,000 … Read more

US Hits Iranian Shipping Network with Major New Sanctions

July 31, 2025 by EnergyNow Media

The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June. The sanctions broadly target the shipping interests of Mohammad Hossein Shamkhani, the son of Ali Shamkhani, … Read more

Canada’s Trans Mountain Eyes Open Season Later This Year for Pipeline Capacity Growth

July 31, 2025 by EnergyNow Media

trans mountain westridge marine terminal 2 1200x810

By Amanda Stephenson Open season to assess shipper interest in capacity growth Drag-reducing agents could boost delivery by 5-10% Potential projects may increase export capacity by 200,000-300,000 bpd CALGARY, July 30 (Reuters) – The operator of Canada’s Trans Mountain oil pipeline may launch a process this year to formally gauge commercial interest in the first … Read more

California Governor Seeks Additional $18 billion for Utilities’ Wildfire Fund

July 31, 2025 by EnergyNow Media

July 30 (Reuters) – California Governor Gavin Newsom is proposing legislation to bolster the state’s wildfire fund with an additional $18 billion for utilities, Bloomberg News reported Wednesday, citing sources familiar with the plan. Reuters could not immediately verify the report. In 2019, California lawmakers established the $21 billion California Wildfire Fund, managed by the … Read more

Oil Shipments From Brazil to US to Resume After Tariff Exemption, Says Lobby Group

July 31, 2025 by EnergyNow Media

By Marta Nogueira RIO DE JANEIRO, July 30 (Reuters) – Energy companies operating in Brazil are expected to resume oil shipments to the United States after several oil products were exempted from U.S. tariffs, the head of Brazilian oil lobby group IBP told Reuters on Wednesday. Oil is Brazil’s top export to the U.S. and … Read more

Oil Prices Gain for Fourth Day on Supply Fears From Trump Tariff Threats

July 31, 2025 by EnergyNow Media

(Reuters) – Oil prices gained for a fourth straight day on Thursday, as investors worried about supply shortages amid U.S. President Donald Trump’s push for a swift resolution to the war in Ukraine and threats of tariffs on countries buying Russian oil. Brent crude futures for September delivery , which are set to expire on Thursday, rose … Read more

Chevron Granted Restricted US License to Operate in Venezuela

July 31, 2025 by EnergyNow Media

chevron receives approval to produce in venezuela, again – energyminute 1

Summary New license to allow Chevron to make decisions, contribute to procurement and payments No money from oil proceeds can be transferred to Maduro’s gvmt Chevron had reduced operations, ordered tanker fleet to sail away HOUSTON, July 30 (Reuters) – Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close … Read more

Trump Says US and Pakistan Have Concluded Deal on Oil Reserves

July 31, 2025 by EnergyNow Media

By Kanishka Singh Pakistan officials have visited US in recent weeks for talks Pakistan said last week deal was within reach Trump says an oil company will be chosen to build partnership, without elaborating WASHINGTON, July 30 (Reuters) – U.S. President Donald Trump said on Wednesday his administration struck a deal with Pakistan in which … Read more

US Reversal on Key Climate Finding Spells Uncertainty for Business

July 31, 2025 by EnergyNow Media

By Valerie Volcovici WASHINGTON, July 30 (Reuters) – The Trump administration has billed its plan to undo U.S. climate regulation as a way to cut costs for industry, but it may backfire by forcing automakers, utilities, and manufacturers into a future of regulatory uncertainty and litigation risk, according to lawyers and trade groups. Republican President … Read more

Weak Rouble, Higher Oil May Help Russia if Trump’s Tariffs Hit, Analysts Say

July 31, 2025 by EnergyNow Media

Russian markets reacted cautiously to U.S. President Donald Trump’s threat to impose new sanctions, with analysts saying on Wednesday a weaker rouble and higher oil prices as a result of his measures may support the economy in the short term. Trump said on Tuesday the United States would start imposing tariffs and other measures on … Read more

Oil Rises Over 1% as Investors Weigh Trump’s Russia Stance, Tariff Threats

July 30, 2025 by EnergyNow Media

By Arathy Somasekhar Trump vows sanctions unless Russia makes progress on peace deal Trump says US to impose 25% tariff on India from Aug 1 US also warns China over Russian oil China unlikely to comply with US sanctions, analysts say HOUSTON, July 30 (Reuters) – Oil prices settled 1% higher on Wednesday as investors … Read more

Utility Duke Energy to Sell Tennessee Natural Gas Business for $2.48 Billion

July 30, 2025July 30, 2025 by EnergyNow Media

By Pooja Menon July 29 (Reuters) – Duke Energy (DUK.N) said on Tuesday it would sell its Tennessee natural gas distribution business to Spire (SR.N) for $2.48 billion in cash, as the utility aims to streamline operations and unlock capital to invest in electric grid upgrades. About $800 million of the proceeds will be used … Read more

Shell-Led LNG Canada Faces Problems as it Ramps up Production, Sources Say

July 30, 2025July 30, 2025 by EnergyNow Media

Summary First major LNG export facility in Canada faces startup challenges Western Canadian gas prices remain low despite LNG Canada startup LNG Canada expects export pace to increase after initial break-in period (Reuters) – Shell-led LNG Canada is experiencing technical problems as it ramps up production at its liquefied natural gas plant at Kitimat, with one … Read more

Baker Hughes Bets on LNG, Data Center Demand With $13.6 Billion Chart Industries Deal

July 30, 2025 by EnergyNow Media

By Tanay Dhumal Baker outbids Flowserve to buy Chart Baker offers $210/shr, about 22% premium Expects $325 million in annual cost synergies in third year July 29 (Reuters) – Oilfield services firm Baker Hughes (BKR.O) said on Tuesday it would buy Chart Industries (GTLS.N) in a $13.6 billion all-cash deal, including debt, outbidding rival Flowserve … Read more

Tesla Signs $4.3 Billion Battery Deal with LGES, Source Says, Reducing China Reliance

July 30, 2025 by EnergyNow Media

Summary LGES to provide Tesla with LFP batteries for energy storage systems from US factory -source Tesla has been looking to reduce reliance on Chinese suppliers amid tariff, policy headwinds LGES says supply contract to last from August 2027 to July 2030 (Reuters) – South Korea’s LG Energy Solution (LGES) has signed a $4.3 billion deal … Read more

Mexico Pulls in $12 Billion to Prop Up Indebted Oil Producer Pemex

July 30, 2025July 30, 2025 by EnergyNow Media

(Reuters) – Mexico placed $12 billion in a debt offering to support indebted state oil producer Petroleos Mexicanos (Pemex), the nation’s finance ministry said on Tuesday. The offering came in the form of pre-capitalized securities, or P-Caps, the ministry said in a statement. The funds will go toward covering financial obligations and debt payments due … Read more

Foreign Oil Companies in Venezuela Await US Authorizations, Sources Say

July 30, 2025 by EnergyNow Media

(Reuters) – About a half dozen foreign partners of Venezuela’s state-owned oil company PDVSA are awaiting authorizations from the U.S. Treasury and State departments, following talks last week about fresh licenses to allow them to operate in the sanctioned South American country, according to six company sources. The companies’ licenses, including a key one for … Read more

Trump’s EPA to Repeal Core of Greenhouse Gas Rules in Major Deregulatory Move

July 30, 2025 by EnergyNow Media

(Reuters) – The Environmental Protection Agency will rescind the long-standing finding that greenhouse gas emissions endanger human health, as well as tailpipe emission standards for vehicles, setting off what it describes as the largest deregulatory action in U.S. history. Republican President Donald Trump’s pick to run the EPA Lee Zeldin announced the agency’s plan to … Read more

Oil Pauses Rally as Markets Weigh Trump’s Ultimatum to Russia

July 30, 2025 by EnergyNow Media

Summary Trump cuts deadline, vows sanctions if Russia makes no progress Supply risks rise over U.S. warning to China over Russian oil China unlikely to comply with U.S. sanctions, analysts say (Reuters) – Oil prices took a breather in Asian trade on Wednesday after the previous session’s spike of more than 3%, as investors awaited … Read more

Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades

July 29, 2025 by EnergyNow Media

By Ana Isabel Martinez MEXICO CITY, July 29 (Reuters) – Mexican state company Pemex exported 39% less crude oil year-over-year in June, reaching the lowest level in decades, official data showed, as processing at local refineries and fuel production increased significantly. It exported 458,103 barrels per day (bpd) in June, compared to 753,539 bpd in … Read more

Oil Prices Rally on US Pressure on Russia, Trade Deal Optimism

July 29, 2025 by EnergyNow Media

By Nicole Jao Brent, WTI hit highest since June 20 US to start impose tariffs and other measures on Russia ten days from today, Trump says China could face high tariffs if Beijing continued its Russian oil purchases US crude stockpiles rose by 1.54 million barrels last week – API NEW YORK, July 29 (Reuters) … Read more

China Could See High Tariffs if it Continues to Buy Russian Oil, Says Bessent

July 29, 2025 by EnergyNow Media

(Reuters) – U.S. Treasury Secretary Scott Bessent said on Tuesday he had told Chinese officials that, given U.S. secondary tariff legislation on sanctioned Russian oil, China could face high tariffs if Beijing continued with its Russian oil purchases. Bessent was speaking after two days of bilateral talks between the world’s two largest economies in Stockholm. … Read more

Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy

July 29, 2025 by EnergyNow Media

Significant step high-grades the portfolio and adds value accretive customer offerings, transforms Baker Hughes’ Industrial & Energy Technology segment Chart Industries brings differentiated capabilities across a diverse set of end markets advantaged by secular growth drivers such as natural gas, data centers and decarbonization Highly complementary capabilities enable enhanced value-creation solutions for customers across the lifecycle … Read more

Enterprise Sees Resilience in Permian Despite Weak Oil Prices

July 29, 2025July 29, 2025 by EnergyNow Media

By Lucia Kassai and Emma Sanchez Enterprise Products Partners LP, one of the largest pipeline operators in the Permian Basin, sees oil production in the region holding up this year despite an expected drop in crude prices. Shale drillers will stick to guidance of output growth of 3% to 5% in the Permian Basin of … Read more

Russia’s Medvedev Calls EU-US Deal ‘Anti-Russian’ Over Potential Fallout for Russian Oil and Gas

July 29, 2025July 29, 2025 by EnergyNow Media

(Reuters) – Former Russian President Dmitry Medvedev said on Monday that a framework trade agreement struck between the European Union and the United States was “anti-Russian” likening it to a de facto ban on buying Russian oil and gas. The U.S. struck the deal with the EU on Sunday, imposing a 15% import tariff on … Read more

Key Elements of EU-U.S. Trade Deal

July 29, 2025July 29, 2025 by EnergyNow Media

The U.S. and the European Union agreed on a framework trade deal on Sunday, ending months of uncertainty for industry and consumers on both sides of the Atlantic. Here are the main elements of the deal: * Almost all EU goods entering the U.S. will be subject to a 15% baseline tariff, including cars, which … Read more

Europe Reacts With Mix of Relief and Concern to US Trade Deal

July 29, 2025July 29, 2025 by EnergyNow Media

European governments and companies reacted with both relief and concern on Monday to the framework trade deal struck with U.S. President Donald Trump, acknowledging what was seen as an unbalanced deal but one that avoided a deeper trade war. The agreement, announced on Sunday between two economies that account for almost a third of global … Read more

Venture Global Reaches Final Investment Decision for CP2 LNG Project

July 29, 2025July 29, 2025 by EnergyNow Media

(Reuters) – Venture Global said on Monday it had reached a final investment decision and successfully closed the $15.1 billion project financing for the first phase of the CP2 LNG export facility. The CP2 project, which will be the single largest export facility of the superchilled gas in the U.S., is expected to have a … Read more

Oil Climbs on EU Trade Deal, Potential US-China Tariff Truce Extension

July 28, 2025 by EnergyNow Media

Summary Brent crude hits highest level since July 18 on Monday US and China officials at Stockholm for trade talks Trump’s shorter deadline for Russia on Ukraine war raises oil flow concerns (Reuters) – Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce … Read more

EU’s $750 Billion Energy Deal With Trump Looks Hard to Reach

July 28, 2025 by EnergyNow Media

By John Ainger, Anna Shiryaevskaya, and Julian Lee The European Union’s promise to buy $750 billion of American energy imports over three years was pivotal to securing a trade deal with President Donald Trump, but it’s a pledge it will struggle to keep. The deal would require annual purchases of $250 billion of natural gas, … Read more

Venture Global Announces Final Investment Decision and Financial Close for Phase 1 of CP2 LNG

July 28, 2025 by EnergyNow Media

$15.1 billion project financing for CP2 Phase 1 formally launches company’s 3rd project Project expected to make Venture Global the largest exporter of US LNG Unprecedented milestone of four FIDs in less than 6 years, with over $80 billion in capital markets transactions ARLINGTON, Va–(BUSINESS WIRE)–Today, Venture Global, Inc. (NYSE: VG) is announcing a final investment … Read more

Angry France Slams US Trade Pact ‘Submission’ as EU Peers Breathe Sigh of Relief

July 28, 2025 by EnergyNow Media

(Reuters) – France denounced the trade agreement between the European Union and the U.S. as a “submission” on Monday though other EU states largely backed a deal they acknowledged was lopsided but which averts an economically damaging trade war with Washington. The framework deal, announced on Sunday between two economies accounting for almost a third … Read more

Trump Says He is Reducing 50 Day Deadline for Russia on War in Ukraine

July 28, 2025 by EnergyNow Media

(Reuters) – U.S. President Donald Trump said on Monday he was reducing the 50-day deadline he gave Russia over its war in Ukraine, underscoring his frustration with Russian President Vladimir Putin for prolonging fighting between the two countries. “I’m disappointed in President Putin,” Trump said, speaking alongside British Prime Minister Keir Starmer ahead of their … Read more

US LNG Producers Soar as EU Agrees to $250 Billion in Annual Purchases

July 28, 2025 by EnergyNow Media

Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade, Venture Global, and Cheniere Energy jumped between 7% and 8.8%, with the deal bolstering the … Read more

COMMENTARY: EU’s Pledge for $250 billion of US energy Imports is Delusional

July 28, 2025 by EnergyNow Media

There are strong echoes of Donald Trump’s failed trade deal with China from his first term as U.S. president in the framework agreement reached with the European Union. Trump and EU Commission President Ursula von der Leyen announced the deal for a 15% tariff on U.S. imports of EU goods at the U.S. leader’s … Read more

IT’S NOT EASY BEING GREEN: Cancelled and Postponed Green Hydrogen Projects

July 28, 2025 by EnergyNow Media

MADRID, July 23 (Reuters) – Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable. Here are some projects that have been cancelled, postponed or scaled back. EUROPE Energy company LEAG’s plans to build one of Europe’s … Read more

Stocks Cheer the Art of Trump’s Trade Deals after EU Agreement

July 28, 2025 by EnergyNow Media

Global stocks rose and the euro firmed on Monday after a trade agreement between the United States and the EU lifted sentiment and provided clarity in a pivotal week headlined by the Federal Reserve and the Bank of Japan policy meetings. The U.S. struck a framework trade agreement with the European Union, imposing a 15% … Read more

US Gulf Refiners Seek MidEast, S.American Oil to Offset Venezuela, Mexico Losses

July 28, 2025 by EnergyNow Media

(Reuters) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows some sanctioned Venezuelan crude to return to the market. The shake-up in … Read more

US Natgas Prices Steady As Near-Record Output Offsets Near-Record Heat

July 28, 2025 by EnergyNow Media

(Reuters) – U.S. natural gas futures held steady on Friday as near-record output and lagging flows to liquefied natural gas export plants offset forecasts for near-record heat early next week. That heat should cause power generators to burn more gas to meet soaring air conditioning demand, which will likely stress regional power systems. Front-month gas … Read more

US Drillers Cut Oil and Gas Rigs for 12th Time in 13 Weeks, Baker Hughes Says

July 28, 2025 by EnergyNow Media

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the 12th time in 13 weeks, 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 two to 542 in … Read more

Oil Rises as US-EU Deal Lifts Trade Optimism

July 28, 2025 by EnergyNow Media

Summary US and EU avert trade war with 15% tariff deal US, China to resume tariff talks in effort to extend truce OPEC+ panel likely to keep oil policy steady on Monday, sources say Reuters) – Oil prices rose on Monday after the U.S. reached a trade deal with the European Union and may extend … Read more

COMMENTARY: A Mid-Year Check-Up on Global Energy Transition Progress – Maguire

July 27, 2025July 27, 2025 by EnergyNow Media

By Gavin Maguire LITTLETON, Colorado, July 24 (Reuters) – Global utilities generated a record amount of clean electricity while cutting output from fossil fuels during the opening half of 2025, thereby maintaining the momentum of international efforts to cut back on fossil fuel use in energy production. However, energy transition progress was more varied at … Read more

OPEC+ Panel Likely to Keep Oil Policy Steady on Monday, Sources Say

July 26, 2025 by EnergyNow Media

By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, July 24 (Reuters) – An OPEC+ panel is unlikely to alter existing plans to raise oil output when it meets on Monday, four OPEC+ delegates said, noting the producer group is keen to recover market share while summer demand is helping to absorb the extra barrels. … Read more

Trump’s Escalation of Clean-Energy Fight Is Creating More Pain for Producers

July 26, 2025July 26, 2025 by EnergyNow Media

The US president’s latest move against renewables is to pull funding for transmission lines to carry wind power. By Josh Saul US President Donald Trump’s negative impact on clean energy has been intense this year, but this week he took it to a new level. His administration on Wednesday canceled $4.9 billion in federal financing … Read more

Dealmaking in US Upstream Oil and Gas Tumbles as Volatility Rattles Investors

July 26, 2025July 26, 2025 by EnergyNow Media

By Georgina Mccartney Volatility in markets slows M&A in US upstream oil and gas Major deals by EOG Resources and Viper Energy dominate Q2 Future M&A may focus on international opportunities, says Dittmar HOUSTON, July 23 (Reuters) – Volatility across energy and equity markets spooked investors in the second quarter, slowing the pace of mergers … Read more

Sunrun and Tesla Launch Home Energy Plan to Cut Costs and Boost Backup Power for Texans

July 26, 2025July 26, 2025 by EnergyNow Media

New plan combines Sunrun Flex™ solar + storage with a customized Tesla Electric retail plan to deliver lower rates, seamless backup, and peace of mind for Texas homeowners SAN FRANCISCO, July 24, 2025 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, announced today an innovative home … Read more

OPEC Says JMMC Does Not Hold Decision-Making Authority Over Production Levels

July 26, 2025July 26, 2025 by EnergyNow Media

(Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) said on Friday that the joint ministerial monitoring committee(JMMC), scheduled to convene on Monday, does not hold decision-making authority over production levels. OPEC added that claims linking the JMMC meeting to oil output changes or voluntary adjustments are ‘inaccurate and fall outside its mandate’. An … Read more

Venezuela Oil Company PDVSA Readies Return to Work Under Previous US Terms

July 26, 2025July 26, 2025 by EnergyNow Media

(Reuters) – Venezuela’s state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to Biden-era licenses, once U.S. President Donald Trump reinstates authorizations for its partners to operate and export oil under swaps, company sources said. Washington is preparing new authorizations for key PDVSA partners, starting with U.S. … Read more

Trump Unlikely to Enforce Tariff Threat on Russian Oil

July 26, 2025July 26, 2025 by EnergyNow Media

(Reuters) – U.S. President Donald Trump is unlikely to follow through on his threat to place 100% tariffs on countries that buy Russian oil because it would worsen politically-damaging inflation pressures and his similar threat against buyers of Venezuelan oil has had limited success, especially in China. Trump said this month he would put 100% … Read more

Chevron Tells Hess Staff to Focus on Safety as They Await Job Updates

July 26, 2025July 26, 2025 by EnergyNow Media

(Reuters) – Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer’s acquisition, according to two Hess employees who spoke with Reuters. Chevron, the second-largest U.S. oil producer, closed its $55 billion acquisition of Hess on Friday after prevailing … Read more

Oil Prices Dip to Settle at 3-Week Low on US and China Economic Concerns

July 26, 2025July 26, 2025 by EnergyNow Media

By Scott Disavino US and China economic concerns impact oil prices Venezuelan oil exports may rise as US eases rules US oil/gas rig count falls for 12th time in 13 weeks – Baker Hughes NEW YORK, July 25 (Reuters) – Oil prices eased on Friday and settled at a three-week low as traders worried about … Read more

Unlocking the Value of Vibration Monitoring in the Energy Sector

July 30, 2025July 25, 2025 by EnergyNow Media

In the energy sector, equipment reliability is not just a maintenance goal—it’s a business imperative. As pressure mounts to optimize production while reducing downtime and risk, operators are increasingly turning to advanced monitoring technologies to stay ahead of mechanical issues. One of the most impactful of these is vibration monitoring, particularly when applied to turbomachinery … Read more

Oil Gains as Trade Talk Optimism Offsets Potential Higher Venezuelan Supply

July 26, 2025July 25, 2025 by EnergyNow Media

Summary Brent, WTI up 0.4% after 1% gain in previous session EU says trade deal with US within reach US prepares to allow limited oil operations in Venezuela, sources say Investors brace for data week next SINGAPORE, July 25 (Reuters) – Oil prices rose on Friday as trade talk optimism supported the outlook for both … Read more

TotalEnergies Sees Tough Oil Market Outlook as Debts Mount

July 24, 2025 by EnergyNow Media

Takeaways by Bloomberg AI TotalEnergies SE reported a 29% increase in net debt to $25.9 billion and a 23% decline in adjusted net income to $3.58 billion. The company said the oil market is being hurt by slower economic growth and an abundant supply, with Total’s Chief Executive Patrick Pouyanne citing an “unstable geopolitical and … Read more

Boom Fades for US Clean Energy as Trump Guts Subsidies

July 24, 2025 by EnergyNow Media

Summary Policy shift risks $373 billion in clean energy investments New tax credit rules could make even fewer projects eligible for incentives Solar manufacturers concerned about demand for U.S.-made products once credits expire (Reuters) – Singapore-based solar panel manufacturer Bila Solar is suspending plans to double capacity at its new factory in Indianapolis. Canadian rival Heliene’s plans … Read more

US Prepares to Allow Limited Oil Operations in Venezuela, Starting with Chevron,

July 24, 2025 by EnergyNow Media

FILE PHOTO: A man walks past a gas station with the logos of the Venezuelan state oil company PDVSA in Caracas, Venezuela December 23, 2016. REUTERS/Carlos Garcia Rawlins/File Photo

Summary Companies US policy shift from pressure strategy on Venezuela’s oil sector Chevron’s and a handful of US licenses revoked this year Some PDVSA partners could be allowed to pay contractors, make imports and swaps Conditions aimed to deny profits to Maduro’s govt HOUSTON/WASHINGTON, July 24 (Reuters) – The United States is preparing to grant … Read more

US Gas Producer CNX Resources Boosts 2025 Output Estimate Without Extra Spending

July 24, 2025 by EnergyNow Media

(Reuters) – U.S. energy firm CNX Resources said in its second quarter earnings that it plans to produce more natural gas this year than previously expected to meet growing demand while spending the same amount of money. Earlier this week, two other big U.S. gas producers, EQT and Range Resources, both said in their second … Read more

US Mulls Limited Authorizations for Oil Firms in Venezuela, Sources Say

July 24, 2025 by EnergyNow Media

(Reuters) – U.S. President Donald Trump’s administration is preparing to grant new authorizations to key partners of Venezuela’s state-run oil company PDVSA, starting with Chevron, which would allow them to operate with limitations in the sanctioned OPEC nation, four sources close to the matter said on Thursday. If granted, the authorizations to the U.S. oil … Read more

Methane Emissions Intensity of Permian Basin Declined by More than Half in Two Years, New S&P Global Commodity Insights Analysis Finds

July 24, 2025 by EnergyNow Media

New analysis provides the most accurate public, basin-wide estimate of methane emissions for the Permian HOUSTON, July 24, 2025 /PRNewswire/ — The methane intensity of oil and gas production in the Permian Basin—an area responsible for half of U.S. oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period … Read more

COMMENTARY: Converging Exxon and Chevron Operations Could Spur Next Mega-Merger

July 24, 2025 by EnergyNow Media

Exxon Mobil and Chevron’s recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces? An $800 billion combination would certainly evoke memories of Standard Oil, the conglomerate John D. Rockefeller created in 1870 that dominated the American oil industry before … Read more

US Oil Producer Continental Resources Drops Fraud Lawsuit Against Rival Hess

July 24, 2025 by EnergyNow Media

(Reuters) – U.S. shale producer Continental Resources has dropped a lawsuit it filed against rival Hess Corp in May, which alleged it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, which operates hundreds of wells in North Dakota, artificially … Read more

US Gas Firms EQT, Range Boost Output Plans for 2025

July 24, 2025 by EnergyNow Media

(Reuters) – U.S. energy companies EQT and Range Resources expect to produce more natural gas in 2025 to meet rising demand for the fuel without boosting planned spending. Demand for gas to produce power for data centers in the U.S. and for export to the rest of the world as liquefied natural gas is on … Read more

In Rare Move, California Steps in to Find Buyer for Valero Refinery to Avoid Closure, Sources Say

July 24, 2025 by EnergyNow Media

the valero energy corp. refinery in benicia, california 1200x810

(Reuters) – California government officials are trying to find a buyer for Valero Energy’s Benicia refinery near San Francisco, three sources familiar with the matter said, an unusual effort as the clock ticks down on the company’s planned closure of the facility in April. The rare attempt by a state government to broker the sale … Read more

US Refinery Utilization Hits to Highest in Over Two Years, EIA Says

July 24, 2025July 24, 2025 by EnergyNow Media

the importance of canadian crude oil to refineries in the u.s. 1200x810 1

(Reuters) – U.S. utilization of refinery operable capacity rose to 95.5% last week, the highest since June 2023, data from the U.S. Energy Information Administration showed on Wednesday. Refinery utilization in the U.S. Gulf Coast region rose in the week ended July 18 to 96.1%, a one-year high, the data showed. Reporting by Shariq Khan … Read more

Chevron Cuts 575 Jobs in Houston After Closing Hess Acquisition

July 24, 2025July 24, 2025 by EnergyNow Media

Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday. According to a Worker Adjustment & Retraining Notification dated July 18, the U.S. energy major laid off the employees when its takeover of Hess was officially completed. The reductions will … Read more

US Natgas Prices Fall 5% to 12-Week Low on Near-Record Output, Lagging LNG Exports

July 24, 2025July 24, 2025 by EnergyNow Media

U.S. natural gas futures fell about 5% to a 12-week low on Wednesday on near-record output, stagnant gas flows to liquefied natural gas (LNG) export plants, and ample amounts of gas in storage. Front-month gas futures for August delivery on the New York Mercantile Exchange fell 17.5 cents, or 5.4%, to settle at $3.077 per … Read more

Oil Prices Climb on US Trade Optimism, Drop in Crude Stockpiles

July 24, 2025July 24, 2025 by EnergyNow Media

(Reuters) – Oil prices rose on Thursday, buoyed by optimism over U.S. trade negotiations that would ease pressure on the global economy and a sharper-than-expected decline in U.S. crude inventories. Brent crude futures gained 24 cents, or 0.4%, to $68.75 a barrel by 0032 GMT. U.S. West Texas Intermediate crude futures climbed 25 cents, or … Read more

US Refiners May See Q2 Profit Recover on Stronger Diesel Margins

July 23, 2025 by EnergyNow Media

Investors are expecting top U.S. refiners to report higher second-quarter profits, bouncing back from losses during the first three months of the year as unseasonably strong diesel margins boost earnings. Fuelmakers have reaped unexpected profits from producing key products in recent months, a respite after earnings slipped from record levels in 2022, when a recovery … Read more

US Crude, Gasoline Stockpiles Fall, Distillates Build, EIA Says

July 23, 2025 by EnergyNow Media

(Reuters) – U.S. crude oil and gasoline inventories fell last week, buoyed by stronger demand and exports, while distillate stockpiles rose, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 3.2 million barrels to 419 million barrels in the week ended July 18, the EIA said, double analysts’ expectations in a … Read more

Green Hydrogen Retreat Poses Threat to Emissions Targets

July 23, 2025 by EnergyNow Media

By Pietro Lombardi, Nina Chestney and Riham Alkousaa Shelved projects knock lofty ambitions for green hydrogen Subsidies alone are not enough to drive investment Prices remain uncompetitive compared with alternatives MADRID/LONDON/BERLIN, July 23 (Reuters) – Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance … Read more

Trump Says Japan, US to Form LNG Joint Venture

July 23, 2025 by EnergyNow Media

(Reuters) – U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans. It was not immediately clear whether Trump was referring specifically to the proposed $44 billion Alaska LNG … Read more

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

July 23, 2025 by EnergyNow Media

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

CW Petroleum Corp (OTCQB: CWPE) Reports Revenues for Q2-2025

July 22, 2025 by EnergyNow Media

Katy, Texas, July 22, 2025 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors unaudited financial results for Q2-2025. Key Financial Highlights for Three Months Ended June 30, 2025, Compared to Prior Year Period: 2025 Revenues … Read more

Amplify Energy Announces Strategic Update and CEO Transition

July 22, 2025 by EnergyNow Media

HOUSTON, July 22, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) today announced an update on strategic initiatives and changes to the executive leadership team. Strategic Initiatives Amplify is committed to simplifying its portfolio, focusing capital and management resources on the most attractive investment opportunities, and creating value … Read more

Enphase Energy Reports Financial Results for the Second Quarter of 2025

July 22, 2025 by EnergyNow Media

FREMONT, Calif., July 22, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the second quarter of 2025, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $363.2 … Read more

Range Announces Second Quarter 2025 Results

July 22, 2025 by EnergyNow Media

FORT WORTH, Texas, July 22, 2025 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter 2025 financial results. Second Quarter 2025 Highlights – Cash flow from operating activities of $336 million Cash flow from operations, before working capital changes, of $301 million Repurchased $53 million of shares, paid $21 million in dividends, … Read more

Baker Hughes Company Announces Second-Quarter 2025 Results

July 22, 2025 by EnergyNow Media

Second-quarter highlights Orders of $7.0 billion, including $3.5 billion of IET orders. RPO of $34.0 billion, including record IET RPO of $31.3 billion. Revenue of $6.9 billion, down 3% year-over-year. Attributable net income of $701 million. GAAP diluted EPS of $0.71 and adjusted diluted EPS* of $0.63. Adjusted EBITDA* of $1,212 million, up 7% year-over-year. Cash flows from operating activities of $510 million and free cash flow* of $239 million. Returns to shareholders of $423 million, including $196 … Read more

US Energy Chief Says Sanctioning Russian Oil to End Ukraine War a Possibility

July 22, 2025 by EnergyNow Media

us energy secretary chris wright 1200x810

U.S. Energy Secretary Chris Wright said on Fox News on Tuesday that sanctioning Russian oil to end the Ukraine war is a “very real possibility.” President Donald Trump said this month that Washington could put 100% tariffs on buyers of Russian oil and impose other sanctions if Moscow does not agree to a major peace … Read more

EQT Beats Second-Quarter Profit Estimates on Higher Natgas Prices, Sales Volumes

July 22, 2025 by EnergyNow Media

U.S.-based energy company EQT Corp beat Wall Street estimates for second-quarter adjusted profit on Tuesday, benefiting from stronger natural gas prices and sales volumes, sending its shares up 1.2% in extended trading. Higher natural gas prices through 2025 than last year have supported production levels, according to the U.S. Energy Information Administration (EIA). The energy … Read more

Energy Firms Retreat From Global Net Zero Standard Setter

July 22, 2025July 22, 2025 by EnergyNow Media

By Natasha White At least three large oil and gas companies have walked away from an initiative seeking to put the industry on a credible path toward net zero emissions. Shell Plc, Aker BP ASA and Enbridge Inc. have all left the expert advisory group of the Science Based Targets initiative, the leading global standard … Read more

Baker Hughes Beats Second-Quarter Profit Estimates on Strong Demand for Natgas Technology

July 22, 2025July 22, 2025 by EnergyNow Media

Baker Hughes wraps up oilfield sector earnings with profit beat, cautious upstream spending outlook Company aims to exceed $1.5 billion data center orders target earlier than expected Gas technology services orders surge 28%, boosting IET revenue July 22 (Reuters) – Oilfield services provider Baker Hughes (BKR.O) surpassed Wall Street expectations for second-quarter profit on Tuesday, … Read more

ConocoPhillips Nears Sale of Oklahoma Assets to Stone Ridge Energy

July 22, 2025July 22, 2025 by EnergyNow Media

By Shariq Khan Stone Ridge Energy emerged as top bidder in auction of assets Flywheel Energy to operate assets on behalf of Stone Ridge, source says ConocoPhillips aims to surpass $2 billion divestment target (Reuters) – U.S. oil and gas producer ConocoPhillips (COP.N) is in advanced talks to sell assets in Oklahoma to privately owned … Read more

Mexico Announces Debt Sale to Fortify Pemex’s Troubled Finances

July 22, 2025 by EnergyNow Media

MEXICO CITY, July 22 (Reuters) – Mexico’s finance ministry announced an upcoming operation on Tuesday aimed at strengthening the finances of the country’s heavily-indebted state energy company Petroleos Mexicanos (Pemex). In a statement, the ministry said the operation would consist of issuing financing instruments called pre-capitalized notes, but that the operation would not constitute a … Read more

MISO to Speed Up Power Plant Grid Connections After US Approval

July 22, 2025 by EnergyNow Media

By Laila Kearney NEW YORK, July 22 (Reuters) – MISO, a top North American power grid operator, will fast-track the process for new power plants to connect to the grid after U.S. federal regulators approved the plan, the organization said on Tuesday. WHY IT MATTERS U.S. grids have seen demand shoot up in recent months … Read more

US Natgas Output Could Decline After Hitting Record High in Q2

July 22, 2025July 22, 2025 by EnergyNow Media

(Reuters) – U.S. natural gas output could fall in coming months, after touching record highs in the second quarter, according to some analysts, setting the stage for prices to rise as demand from new liquefied natural gas exports and power plants come online. Even though the number of gas rigs operating has climbed to a … Read more

Global LNG Supply to Surge Most Since 2019 Next Year, IEA Says

July 22, 2025 by EnergyNow Media

flare stack at the lng canada facility in kitimat, british columbia, bc 1200x810

By Anna Shiryaevskaya and Elena Mazneva Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5% … Read more

Exxon in Talks With Trinidad for Seven Deepwater Blocks, Sources Say

July 22, 2025 by EnergyNow Media

By Curtis Williams Exxon interested in blocks near Guyana’s Stabroek field Trinidad’s new PM aims to boost offshore investment Ongoing deepwater auction excludes Exxon’s desired blocks Trinidad open to bids outside auctions, minister hints HOUSTON, July 22 (Reuters) – Exxon Mobil (XOM.N) has begun negotiations with the Trinidad and Tobago government to explore for oil … Read more

Halliburton Forecasts Steep Full-Year Revenue Decline on Softer Demand

July 22, 2025 by EnergyNow Media

By Arathy Somasekhar and Tanay Dhumal North America revenue to decline in low-double digits in 2025 2025 international revenue to contract by mid-single digits Trump tariffs to hit profit by $35 million in Q3 HAL shares down 0.7% at $21.03. July 22 (Reuters) – Oilfield services company Halliburton (HAL.N) forecast a sharp decline in full-year … Read more

North Dakota Oil Production Down 61,000 bpd in May vs April to 1,113,000 bpd – State Regulator

July 22, 2025 by EnergyNow Media

(Reuters) – Oil production in North Dakota fell 61,000 barrels-per-day (bpd) to 1,113,000 bpd in May, 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

North Dakota Rig Count Falls by 3 on the Month to 29 in July, State Regulator Says

July 22, 2025 by EnergyNow Media

(Reuters) – There are currently 29 rigs in North Dakota, down from 32 in June, the state regulator said on Tuesday. North Dakota is the third-largest oil-producing state. Reporting by Georgina McCartney in Houston; Editing by Leslie Adler

Oil Rises on Japan Trade Deal and Stronger Demand Indicated by US Inventories

July 24, 2025July 22, 2025 by EnergyNow Media

(Reuters) – Oil prices steadied in early trading on Wednesday after falling for three consecutive sessions as a U.S. trade deal with Japan signaled progress on tariffs and a poll showed U.S. crude stockpiles fell last week, indicating stronger demand. Brent crude futures rose 33 cents, or 0.48%, to $68.92 a barrel by 0023 GMT. … Read more

US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says

July 22, 2025 by EnergyNow Media

(Reuters) – The United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the U.S. East Coast slowed due to refinery maintenance and the Dangote refinery drove up Nigeria’s demand for inputs, the U.S. Energy Information Administration said in a note on Tuesday. WHY IT’S IMPORTANT … Read more

Halliburton Says Mexico Oil Output Decline Rates Will Pressure Reactivation of Business

July 22, 2025 by EnergyNow Media

(Reuters) – U.S. oilfield service provider Halliburton on Tuesday said Mexico’s crude production decline rates are creating pressure for a reactivation of business amid long delays from state-run Pemex to pay its suppliers. Output of crude and condensate by Pemex, the largest producer in the country, fell 8.4% in May to 1.64 million barrels per … Read more

Prices Jump 22% in Biggest US Power Grid Energy Auction

July 22, 2025July 22, 2025 by EnergyNow Media

Prices out of an annual energy auction held by PJM Interconnection, the largest grid operator in the U.S., cleared at $329.17 a megawatt-day, 22% higher than last year’s record-high levels, according to results released by the organization on Tuesday. A recent surge in U.S. power consumption driven by Big Tech’s data center demand has butted … Read more

COMMENTARY: Holes in EU Russia Sanctions Put Attention Back on Trump Oil Threat – Bousso

July 22, 2025 by EnergyNow Media

By Ron Bousso EU sanctions unlikely to impact Russia’s oil revenue severely India and China may continue buying discounted Russian crude Trump’s secondary sanctions could pressure Russia but risk global oil price surge LONDON, July 22 – The European Union’s latest effort to restrict Russia’s oil revenue is unlikely to hurt Moscow’s war effort severely, … Read more

Global Oil and Gas Emissions Standard Put on Pause After Shell, Others Walk Away, FT Says

July 22, 2025 by EnergyNow Media

(Reuters) – Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields, the Financial Times reported on Tuesday. Shell, Norway’s Aker BP and Canada’s Enbridge have all quit the … Read more

Biggest US Power Sale to Offer Glimpse of AI’s Cost to Consumers

July 22, 2025July 22, 2025 by EnergyNow Media

Takeaways by Bloomberg AI The biggest US power auction, run by PJM Interconnection LLC, will offer an early glimpse of what the AI boom will cost consumers, according to Bloomberg. The soaring price tag of the auction is due to booming demand from data centers, says the grid operator’s independent market monitor, raising concerns that … Read more

Halliburton Profit Slumps on Weak North America, Middle East Drilling Demand

July 22, 2025 by EnergyNow Media

(Reuters) – Halliburton reported about 33% fall in profit for the second quarter on Tuesday, hurt by weak demand for its oilfield services in North America, Saudi Arabia and Kuwait. The company had flagged a second-quarter earnings impact from President Donald Trump’s tariffs and lower oilfield activity in North America as producers evaluated drilling and completions at weak … Read more

OPEC, IEA Crude Oil Demand Forecasts May be Too Cautious

July 22, 2025 by EnergyNow Media

(Reuters) – A key difference in crude oil demand forecasts between this year and 2024 is that both OPEC and the International Energy Agency (IEA) are being far more cautious in their growth expectations. While the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ group publicly maintain that strong demand and a … Read more

High Imports, Soft Summer Demand Weigh on US Gasoline

July 22, 2025 by EnergyNow Media

Summary Imports surge, boosting gasoline storage demand East Coast gasoline prices drop below national average OPEC production increase pressures oil prices lower (Reuters) – U.S. gasoline prices could fall below $3 a gallon this summer for the first time in over four years as a stretch of bad weather events dampens fuel demand and a … Read more

Canada’s Enbridge to Invest $900 Mln in Texas Solar Project

July 22, 2025 by EnergyNow Media

(Reuters) – Energy infrastructure company Enbridge said on Tuesday it had reached a final investment decision to invest $900 million on a 600 megawatt solar power project in Texas, as demand for clean energy from tech companies drives growth in renewables. Meta Platforms has signed a long-term contract to purchase 100% of the project’s renewable output … Read more

Philippines Set for First Coal Power Decline in 17 Years Amid Rising LNG Use

July 22, 2025 by EnergyNow Media

Summary Gas’ share of power rose to 17.5% in 2025 from 2023 record low Coal’s share in power fell to 57.2% from 2024 record of 61.9% Philippines’ LNG imports up 51% in H1 2025 H1 coal imports fell for first time since pandemic in 2025 (Reuters) – The Philippines is on track for an annual … Read more

Oil Edges Lower as Trade War Concerns Increase Worries About Fuel Demand

July 22, 2025 by EnergyNow Media

(Reuters) – Oil prices edged down on Tuesday as concerns the brewing trade war between major crude consumers the U.S. and the European Union will curb fuel demand growth by lowering economic activity weighed on investor sentiment. Brent crude futures fell 24 cents, or 0.35%, to $68.97 a barrel by 0055 GMT after settling 0.1% … Read more

Taiwan’s CPC Denies ‘Specific’ US Shale Gas Acquisition Talks

July 21, 2025 by EnergyNow Media

Taiwan’s state-owned energy company CPC Corp said it is not in talks for “specific” shale gas fields in the United States, but it does not rule out any prospective partners and will make the most favourable decision based on its own evaluations. CPC is in early stage discussions to buy shale-gas producing assets in … Read more

Global Investment in Fusion Energy Rises the Most Since 2022

July 21, 2025July 21, 2025 by EnergyNow Media

Global fusion energy investment grew by $2.64 billion in the year since last July, an industry group said in an annual industry survey on Monday, but companies said they need much more money to take the industry commercial. The investment rise took place in places including the United States, the EU, Japan, China and Britain … Read more

How Geology Can Make Canada an Energy Superpower

July 21, 2025 by EnergyNow Media

Vast geological riches underpin Canada’s immense energy potential By Brad Hayes Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Geological core samples of bitumen resources located at the Alberta Energy Regulator’s Core Research Centre in Calgary. Photo courtesy AER We hear about Canada’s aspirations to become an “energy superpower” … Read more

US Natgas Prices Fall 6% to 1-Week Low on Record Output, Lower Demand Forecasts

July 21, 2025July 21, 2025 by EnergyNow Media

(Reuters) – U.S. natural gas futures fell about 6% to a one-week low on Monday on record output, forecasts for less hot weather over the next two weeks, stagnant gas flows to liquefied natural gas export plants and ample amounts of gas in storage. Front-month gas futures for August delivery on the New York Mercantile … Read more

Winter Is Coming for Oil – And Not in a Positive Way

July 21, 2025 by EnergyNow Media

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

Shifting seasonality means global demand will be lower in the fourth quarter than the third. By Javier Blas The oil market is deceptively calm. Below the apparent tranquility lies an underappreciated transformation that has slowly reshaped the market over the last 25 years — because the arrival of China and India as big consumers hasn’t … Read more

Saudi Arabia Crude Exports Hit Three-Month High in May

July 21, 2025 by EnergyNow Media

Saudi Arabia’s crude oil exports in May rose to their highest in three months, data from the Joint Organizations Data Initiative (JODI) showed on Monday. Crude exports from the world’s largest oil exporter rose to 6.191 million barrels per day (bpd) from 6.166 million bpd in April.Saudi’s crude output for May was at 9.184 million … Read more

US Not Rushing Trade Deals Ahead of August Deadline, Will Talk With China, Bessent Says

July 21, 2025 by EnergyNow Media

The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs. “We’re not going to rush for the sake of doing deals,” Bessent told CNBC in an … Read more

Asia’s LNG Imports Stay Soft in July as Europe Draws Cargoes

July 21, 2025 by EnergyNow Media

Asia’s run of subdued imports of liquefied natural gas (LNG) is set to extend for another month in July, with the top-importing region on track for a tiny increase from June. Asia’s imports of the super-chilled fuel are estimated at 22.07 million metric tons in July, up from 21.80 million in June, according to data … Read more

Exxon vs. Chevron Battle Sets Stage For Oil Industry’s Race for Prize Assets: Bousso

July 21, 2025 by EnergyNow Media

By Ron Bousso Chevron wins legal dispute over Hess’s stake in Guyana’s Stabroek oil block Exxon-Chevron rivalry shapes U.S. energy sector, competing for dominance in shale oil Oil firms face dwindling reserves, limited options for building reserves amid cost control LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized … Read more

OPEC Says World Economy May Do Better in Second Half of Year

July 21, 2025 by EnergyNow Media

Summary Demand growth forecasts left unchanged Says Kazakhstan output still above OPEC+ quota Says refinery intake to stay elevated to meet summer fuel demand (Reuters) – OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries’ crude intake would remain elevated to meet … Read more

Chevron Entry to Guyana Oilfields Solves Company’s Top Challenge

July 21, 2025 by EnergyNow Media

Summary Acquisition of Hess boosts long-term growth prospects Stabroek Block holds 11 billion barrels of oil equivalent Chevron’s reserves fell to lowest in a decade, shares down 7.5% over past year HOUSTON, July 18 (Reuters) – Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its … Read more

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

July 21, 2025 by EnergyNow Media

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

COMMENTARY: Trump’s Push For a Comeback in Coal May Turn to Ashes – Maguire

July 21, 2025 by EnergyNow Media

By Gavin Maguire LITTLETON, Colorado, July 18 (Reuters) – U.S. President Donald Trump has singled out the coal industry as a key driver of U.S. energy dominance, but there are currently no new U.S. coal plants under construction and utilities have identified quicker and cheaper paths to boost power supplies. In the first few months … Read more

US Firms to Develop Syria Energy Masterplan After Trump Lifts Sanctions

July 21, 2025 by EnergyNow Media

us president donald trump meets with syrian president ahmed al sharaa in riyadh, saudi arabia 1200x810

Summary Argent LNG, Baker Hughes, Hunt Energy form coalition for Syria energy masterplan Masterplan includes oil, gas exploration and power generation Syria’s energy infrastructure needs billions in investment Focus on areas west of Euphrates under Syrian government control DAMASCUS, July 18 (Reuters) – U.S.-based firms Baker Hughes, Hunt Energy and Argent LNG will develop a … Read more

Oil Prices Little Changed as Investors Eye Impact of New Sanctions on Russia

July 21, 2025July 21, 2025 by EnergyNow Media

Summary Companies EU sanctions target Russian crude supply, impact uncertain Iran nuclear talks for Friday may affect oil market dynamics U.S. tariffs on EU imports could influence oil demand (Reuters) – Oil prices were little changed on Monday as traders assess the impact of new European sanctions on Russian oil supplies while they also worry … Read more

Biggest Oil and Gas Sector Deals Since Start of the Century

July 21, 2025July 21, 2025 by EnergyNow Media

U.S. oil and gas major Chevron completed its $53 billion acquisition of Hess on Friday, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the biggest oil discovery in decades. Chevron’s acquisition of Hess will secure the company a 30% stake in Guyana’s prolific Stabroek Block, making it one … Read more

SLB Beats Quarterly Profit Estimates on Steady Oilfield Services Demand

July 21, 2025July 21, 2025 by EnergyNow Media

July 18 (Reuters) – Top oilfield services firm SLB (SLB.N) narrowly beat Wall Street expectations for second-quarter profit on Friday, as resilient demand in parts of its international business helped offset drilling slowdown in North America, Mexico and Saudi Arabia. SLB, the first of the Big Three U.S. oilfield services provider to report quarterly results, … Read more

US Drillers Add Oil and Gas Rigs For First Time in 12 Weeks, Baker Hughes Says

July 21, 2025July 21, 2025 by EnergyNow Media

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in 12 weeks, 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, rose by seven, its biggest weekly increase since December, to … Read more

Chevron Wins Exxon Case but Loses Time, Oil and Billions

July 21, 2025 by EnergyNow Media

Exxon Mobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration. Chevron’s deal, first announced in October 2023, closed on Friday after a drawn-out dispute … Read more

ConocoPhillips Makes Application to Cease to Be a Reporting Issuer in Canada

July 19, 2025 by EnergyNow Media

HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that it has applied to the Alberta Securities Commission (ASC), as principal regulator, and the Ontario Securities Commission (OSC) for a joint order (the Order Sought) to cease to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer. If the Order Sought is … Read more

Oil Steadies as Mixed US Economic and Tariff News Offset New Russia Sanctions

July 21, 2025July 19, 2025 by EnergyNow Media

Summary US consumer sentiment up, but homebuilding drops US Trump seeking minimum tariffs on EU EU to stop importing fuels from Russia Chevron closes Hess acquisition after arbitration win (Reuters) – Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union’s … Read more

US Natgas Prices Edge Up to 3-Week High as Heat Boosts Air Conditioning Use

July 19, 2025July 19, 2025 by EnergyNow Media

(Reuters) – U.S. natural gas futures edged up about 1% to a three-week high on Friday as hot weather forces power generators to burn lots of the fuel to keep air conditioners humming and a slow but steady rise in gas flows to liquefied natural gas (LNG) export plants. That price increase came despite ample … Read more

Chevron Closes Hess Acquisition After Winning Exxon Legal Battle

July 19, 2025July 19, 2025 by EnergyNow Media

By Sheila Dang Hess takeover is one of largest energy deals in decades Chevron CEO’s strategy hinged on completing acquistion Exxon says it disagrees with arbitration court decision Shares in Chevron, Exxon down in early trade HOUSTON, July 18 (Reuters) – Chevron (CVX.N) closed its $55 billion acquisition of Hess (HES.N) on Friday after winning … Read more

ExxonMobil Responds to International Chamber of Commerce Arbitration Ruling

July 18, 2025 by EnergyNow Media

SPRING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) released a statement today following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana: STATEMENT: We disagree with the ICC panel’s interpretation but respect the arbitration and dispute resolution process. As we’ve said … Read more

US Firms to Develop Syria Energy Masterplan After Trump Lifts Sanctions

July 18, 2025 by EnergyNow Media

By Timour Azhari U.S. President Donald Trump meets with Syrian President Ahmed al-Sharaa in Riyadh, Saudi Arabia, in this handout released on May 14, 2025. Argent LNG, Baker Hughes, Hunt Energy form coalition for Syria energy masterplan Masterplan includes oil, gas exploration and power generation Syria’s energy infrastructure needs billions in investment Focus on areas … Read more

Chevron Entry to Guyana Oilfields Solves Company’s Top Challenge

July 18, 2025 by EnergyNow Media

By Sheila Dang Acquisition of Hess boosts long-term growth prospects Stabroek Block holds 11 billion barrels of oil equivalent Chevron’s reserves fell to lowest in a decade, shares down 7.5% over past year HOUSTON, July 18 (Reuters) – Chevron’s (CVX.N) imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the … Read more

Greek Fleet to Keep Shipping Approved Russian Oil Despite New EU Sanctions, Sources Say

July 18, 2025 by EnergyNow Media

By Jonathan Saul and Renee Maltezou ATHENS, July 18 (Reuters) – Greek tanker operators shipping approved Russian oil exports are expected to continue doing so despite a new wave of tougher sanctions by the European Union that will further tighten restrictions, shipping sources said on Friday. Much of Russia’s oil is now exported by a … Read more

Oil Prices Steady as Mixed US Economic News Offsets New EU Sanctions on Russia

July 19, 2025July 18, 2025 by EnergyNow Media

By Scott Disavino US consumer sentiment up, but homebuilding drops EU to stop importing fuels from Russia Chevron closes Hess acquisition after arbitration win NEW YORK, July 18 (Reuters) – Crude oil futures held steady on Friday as mixed U.S. economic news offset worries the European Union’s latest sanctions against Russia for its war in … Read more

BP to Sell US Onshore Wind Business to LS Power for Undisclosed Sum

July 18, 2025 by EnergyNow Media

By Yamini Kalia and Raechel Thankam Job July 18 (Reuters) – BP (BP.L) has agreed to sell its U.S. onshore wind business to U.S.-based power grid operator LS Power, as part of its ongoing divestment strategy, the energy major said on Friday, without disclosing a deal value. BP has come under criticism from investors for … Read more

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

July 18, 2025 by EnergyNow Media

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

FTC Reverses Order Barring John Hess From Chevron Board

July 18, 2025 by EnergyNow Media

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

EU Opens Door to Funding Nuclear Energy in Next Budget

July 18, 2025 by EnergyNow Media

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

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

July 18, 2025 by EnergyNow Media

(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

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

July 18, 2025 by EnergyNow Media

*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

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

July 18, 2025 by EnergyNow Media

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

Oil Prices Little Changed as Iraq Outages Clash With Tariff Worries

July 18, 2025July 18, 2025 by EnergyNow Media

(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

New York Halts Offshore Wind Transmission Plan Amid Federal Uncertainty

July 17, 2025 by EnergyNow Media

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

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

July 17, 2025 by EnergyNow Media

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

Oil Jumps After Further Drone Attacks on Iraq Oil Fields

July 17, 2025 by EnergyNow Media

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

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

July 17, 2025 by EnergyNow Media

(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

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

July 17, 2025 by EnergyNow Media

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

SLB Completes Acquisition of ChampionX

July 17, 2025 by EnergyNow Media

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

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

July 17, 2025 by EnergyNow Media

(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

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

July 17, 2025July 17, 2025 by EnergyNow Media

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

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

July 17, 2025July 17, 2025 by EnergyNow Media

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

Oil Rises as Demand Hopes and Economic Data Lift Sentiment

July 17, 2025July 17, 2025 by EnergyNow Media

(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

Ford Promises a Parade of Affordable Electric Vehicles

July 16, 2025July 16, 2025 by EnergyNow Media

electric ford explorer sports utility vehicle (suv) on an assembly line in cologne, germany 1200x810

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

Kinder Morgan Quarterly Profit Jumps on Strong Natgas Demand

July 16, 2025 by EnergyNow Media

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

Solar and Wind Groups Seek California Aid After Trump Subsidy Cuts

July 16, 2025 by EnergyNow Media

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

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

July 16, 2025 by EnergyNow Media

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

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

July 16, 2025 by EnergyNow Media

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

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

July 16, 2025 by EnergyNow Media

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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

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

July 16, 2025 by EnergyNow Media

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

Four Injured After Fire at Chevron Pascagoula, Mississippi Refinery

July 16, 2025 by EnergyNow Media

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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

Oil Prices Gain on Demand Expectations amid Improving Economy

July 16, 2025July 16, 2025 by EnergyNow Media

(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

Trump Joins Tech and Energy Executives Amid AI Push

July 16, 2025 by EnergyNow Media

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

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

July 16, 2025 by EnergyNow Media

(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

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

July 16, 2025 by EnergyNow Media

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

SLB’s ChampionX Deal Clears Final Hurdle With UK Approval

July 15, 2025 by EnergyNow Media

(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

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

July 15, 2025 by EnergyNow Media

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

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

July 15, 2025 by EnergyNow Media

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

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

July 15, 2025 by EnergyNow Media

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