Sat.Jul 26, 2025 - Fri.Aug 01, 2025

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In a First, NRC Approves Restart of Mothballed Nuclear Facility

OilPrice

The U.S. Nuclear Regulatory Commission on Thursday granted multiple licensing and regulatory approvals necessary for the 800-MW Palisades nuclear plant in Michigan to restart operations later this year. Palisades is now authorized to receive new fuel and formally transition licensed reactor operators to on-shift status, Holtec International said in a statement.

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BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Asian Oil & Gas

India’s Oil and Natural Gas Corporation (ONGC), BP Exploration (Alpha), and Reliance Industries (RIL) have signed a joint operating agreement (JOA) to explore offshore…

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Venture Global Approves Phase I of CP2 LNG Project

Rigzone

Venture Global reached a positive FID and closed $15.1 billion in financing for phase I of the CP2 LNG project and the associated CP Express Pipeline.

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NEO Energy and Repsol Wrap Up Merger of UK Oil and Gas Assets

Offshore Engineer

The merger between Repsol Resources UK and NEO Energy has been completed, creating NEO NEXT Energy as one of the largest producers on the UK Continental Shelf (UKCS)…

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U.S. LNG Stocks Surge on EU Energy Deal

OilPrice

Shares of U.S. LNG producers jumped in early trading Monday after the European Union agreed to dramatically increase its energy imports from the United States, pledging $250 billion in annual purchases under a new transatlantic trade framework. The move includes LNG, oil, and nuclear energy and was announced in Brussels earlier today. Cheniere Energy, NextDecade, and Venture Global were among the biggest pre-market gainers, with some stocks rising as much as 8.8% before the U.S. market opened.

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S&P Global says methane intensity of production declines 50 percent in 2022-24

Permian Basin Oil and Gas Magazine

An analysis by S&P Global Commodity Insights reveals that methane intensity of oil and gas production in Permian Basin declined by more than 50 percent during 2022-24.  The firm said, “Improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates.” The data for 2024 show the methane emissions intensity of upstream oil and gas operations in the region to be 0.44 percent per barrel of oil equivalent – a reduc

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Surge Energy swings to profit in Q2, raises 2025 production guidance

BOE Report

(Corrects currency figures to C$ throughout, and removes operating expenses figure in key details) Overview * Surge Energy Q2 production averaged 23,589 boepd * Co reports Q2 net income C$31.91 mln * Company raises average 2025 production guidance to 23,000 boepd, cuts capex by $15 mln * Q2 adjusted funds flow at C$72.

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Floating LNG Capacity Set to Skyrocket by 2030

OilPrice

Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy. Once hindered by technical and operational challenges, FLNG projects are now achieving utilization rates comparable to onshore terminals.

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Valor | Energy Connection – July 28, 2025

Valor

July 28, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry.

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US LNG producers soar as EU agrees to $250 billion in annual purchases

BOE Report

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.

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Smart Strategies for Energy Suppliers in the Data Center Boom

POWER Magazine

Data center demands are shifting rapidly in today’s energy landscape. A customer that signed on for 10 MW just months ago may now be requesting 40. For energy suppliers across the country, scenarios like this are becoming the new normal as artificial intelligence (AI) infrastructure accelerates load growth and turns predictable load patterns into risky […] The post Smart Strategies for Energy Suppliers in the Data Center Boom appeared first on POWER Magazine.

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U.S. LNG Stocks Climb as EU Pledge Boosts Long Term Demand

OilPrice

U.S. liquefied natural gas exporters pushed higher Monday following the European Union’s announcement of a $750?billion energy purchasing framework for the next three years, heavily focused on LNG. But signals from natural gas futures and producers like EQT suggest near-term sentiment is more cautious than heady. Cheniere Energy (LNG)—America’s flagship LNG exporter—rose about 1.7%, trading at $229.23, as renewed optimism over long-term European contracts fueled buying.

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Zefiro announces first-ever methane monitoring contract as part of the EPA's Methane Emissions Reduction Program (MERP)

Oilfield Technology

This program is federally funded under the Inflation Reduction Act (IRA) which specifically provides US$850 million in grants to reduce, monitor, measure, and quantify methane emissions from the oil and gas sector.

Gas
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Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Offshore Engineer

The 50-50 consortium between Allseas and Boskalis has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2) in Taiwan…

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Beyond Co-Location: The Emerging Opportunity for Vertically Integrated Utilities in the Data Center Boom

POWER Magazine

The explosive growth of hyperscale data centers is reshaping the power sector at unprecedented speed. In just a few short years, load requests from data center operators have gone from occasional filings to a full-on wave of gigawatt-scale development across North America. While much attention has been paid to the trend of co-locating data centers […] The post Beyond Co-Location: The Emerging Opportunity for Vertically Integrated Utilities in the Data Center Boom appeared first on POWER Ma

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An Overlooked Vulnerability That Could Cripple America's Power Grid

OilPrice

Electric transformers aren't something most people think about unless one attached to the power lines serving their home or business is damaged, resulting in a power outage. Most of the time, power comes back on quickly, indicating that the transformers were not the problem. It takes longer to replace a transformer damaged beyond repair. And that can be a problem if large numbers of transformers are damaged at once such as occurred in the recent California wildfires.

IT
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Rystad Energy: Global FLNG capacity to more than triple by 2030

Oil & Gas Journal

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Venture Global reaches final investment decision for CP2 LNG project

BOE Report

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.

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Apex Clean Energy Adds 625 MW as Four Wind and Storage Projects Now Online

POWER Magazine

A Virginia-based renewable energy group has expanded its operating and construction portfolio to more than 3 GW of generation capacity. Charlottesville-headquartered Apex Clean Energy on July 29 announced that four utility-scale wind and storage projects, with more than 625 MW of capacity in total, have entered commercial operation in Illinois, Maine, and Texas.

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Are Small Modular Reactors Worthy of the Hype?

OilPrice

Nuclear energy is experiencing a political and technical renaissance. Around the world, nuclear fission is gaining traction as a critical piece of the puzzle for maintaining energy security while also slashing greenhouse gas emissions. Much of the renewed excitement over nuclear power comes from advances in nuclear technologies, particularly small modular reactors (SMRs), which are supposed to make nuclear capacity expansion cheaper, safer, and more efficient.

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The Role of Casing and Tubing in Well Construction

DIC Oil Tools

In oil and gas drilling, building a safe and productive well is very important. Two key parts that help make this possible are Casing and Tubing. These steel pipes are placed inside the drilled hole (called the wellbore) to support the well and allow oil or gas to be safely brought to the surface. Though they may look similar, Casing and Tubing serve different purposes in the well construction process.

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

BOE Report

$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.

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BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Offshore Engineer

India’s Oil and Natural Gas Corporation (ONGC), BP Exploration (Alpha), and Reliance Industries (RIL) have signed a joint operating agreement (JOA) to explore offshore…

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Aramco Greenlights $5 Billion Zuluf Expansion As Q2 Earnings Set to Dip

OilPrice

Saudi Aramco has awarded a fresh round of contracts for the mammoth Zuluf oilfield expansion—an offshore project worth around $5 billion, aimed at boosting production capacity by more than 600,000 barrels per day. This latest investment push comes just days before Aramco is set to release its Q2 2025 results, which analysts expect will reflect a double-digit profit decline amid sustained oil price weakness.

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Making enhanced oil recovery great again: OBBA 45Q tax credit shift cuts E&P costs by 40%

Enverus

CALGARY, Alberta (July 29, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus , the most trusted energy-dedicated SaaS company that leverages Generative AI across its solutions, has released a report accessing how the One Big Beautiful Bill Act (OBBA) impacts the the equalization of 45Q tax credits, especially as it enhances the economics of carbon dioxide enhanced oil recovery (CO₂-EOR.

E&P
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US natgas producer Expand Energy reports quarterly profit on higher output and prices

BOE Report

Expand Energy reported a second-quarter profit on Tuesday, compared with a year-earlier loss, as it benefited from higher output and stronger commodity prices, sending the U.S. natgas producer’s shares up over 2% after the bell. Formerly called Chesapeake Energy, Expand became the country’s biggest independent natural gas producer after completing its $7.

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OPEC SG to Attend Baghdad International Energy Forum

Iraq Business News: Oil & Gas

By John Lee. The Ministry of Oil has announced that the upcoming Baghdad International Energy Forum will feature high-level participation, including a keynote address by OPEC Secretary General Haitham Al Ghais. The event is scheduled to take place in Baghdad on 6-7 September. Senior energy ministers from friendly and partner nations, top government officials, and leading experts in energy, oil, and economics are also expected to participate.

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Venture Global Goes All-In With $15 Billion CP2 LNG Bet

OilPrice

Venture Global has officially reached a final investment decision and financial close for Phase 1 of its CP2 LNG project and the associated CP Express Pipeline, securing $15.1 billion in debt-only financing, the company said on Monday. The move formally launches the company’s third LNG export project and puts it on track to become the largest U.S. LNG exporter by capacity.

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Woodside assumes operatorship of Bass Strait assets

Oil & Gas Journal

Covering the operations of the oil and gas industry General Interest Refining & Processing Drilling & Production Exploration & Development Pipelines & Transportation Sections General Interest Refining & Processing Drilling & Production Exploration & Development Pipelines & Transportation LNG Energy Transition Industry Statistics Webcasts Special White Papers Podcast Magazine Surveys Research Events Submit an Article Contact About Us Subscribe Newsletters Advertise

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Cenovus floated as potential competing bidder for hostile takeover target MEG Energy

Oil & Gas 360º

(BOE Report) – Oilsands giant Cenovus Energy Corp. has been cited by industry watchers as one of the potential competing bidders for MEG Energy Corp. , which has spurned an unsolicited offer from Strathcona Resources Ltd. and launched a formal review of alternative options. MEG and Cenovus have neighbouring flagship oilsands projects south of Fort McMurray, Alta., at Christina Lake that use steam wells to draw the bitumen from underground.

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FLNG Capacity to Jump

Offshore Engineer

Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy…

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Diesel Markets Brace for Shock as EU Sanctions Redraw Trade Routes

OilPrice

The global diesel market is entering a new phase of structural tightening, with fresh EU sanctions targeting refined fuels from Russian crude force a realignment of trade flows across Asia, the Middle East, and Europe. Under measures confirmed on Monday by EU officials, imports of diesel and gasoil processed in third countries such as India and Turkey will be barred starting in 2026 in a move designed to close circumvention loopholes that have preserved Russian fuel access to European markets.

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Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Asian Oil & Gas

The 50-50 consortium between Allseas and Boskalis has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2) in Taiwan…

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Private investors buy into largest-of-its-kind solar deal to electrify Kenya

CNBC: Energy

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IT
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PTTEP Acquires Stake in Gulf of Thailand Asset from Chevron

Rigzone

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U.S. Onshore Oil Production Soars to Record Highs

OilPrice

U.S. crude oil production from onshore federal lands hit a record 1.7 million barrels per day (bpd) in 2024, according to the EIA and the Department of the Interior. That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2 million bpd over the same period. The driver? An explosion of activity in New Mexico’s portion of the Permian Basin, where leasing, permitting, and drilling have surged in recent years.

Oil
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5 Best-performing Canadian Oil and Gas Stocks of 2025

Oil & Gas 360º

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