Egypt Oil & Gas

AUGUST 5, 2025

Mitsubishi Power, the energy solutions brand of Mitsubishi Heavy Industries, has completed a hydrogen fuel conversion project at the refinery of the Alexandria National Refining and Petrochemical Company (ANRPC). The project marks the first industrial use of hydrogen as boiler fuel in Egypt and the wider MENA region. The project, whose contract was unveiled in 2022, contributes to the utilization of 14,000 tons per year (tpa) of hydrogen-rich gases available in the production units, reducing nat

Oil & Gas 360º

AUGUST 5, 2025

(World Oil) – Halliburton has secured a contract to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system in northeast England’s East Coast Cluster (ECC). Halliburton will manufacture and deliver the majority of the equipment required for this project from its U.K. completion manufacturing facility in Arbroath.

Offshore Energies UK

AUGUST 5, 2025

Offshore Energies UK has today responded to the UK Government shortlisting six projects to start negotiations to join the HyNet carbon capture cluster in the North West. The projects include low-carbon power, hydrogen production, bioenergy with carbon capture, and direct air capture initiatives, all aimed at cutting industrial emissions. Commenting, OEUK head of energy policy Enrique Cornejo, said: “The HyNet expansion process is critical to making the most of the UK’s carbon storage potential,

Oil & Gas 360º

AUGUST 5, 2025

(Investing) – HOUSTON -The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world’s top producer could fall in early 2026. U.S. energy companies are producing record amounts of oil, much of it from onshore shale fields. New techniques and technology, like longer lateral wells, automation and more powerful equipment, have driven productivity gains across the industry that have allowed oil companies to

Marcellus Drilling News

AUGUST 5, 2025

Venture Global’s Calcasieu Pass (CP) LNG export facility in Louisiana began operations in March 2022 (see Calcasieu Pass LNG Loads Inaugural Cargo; Sabine Pass LNG Expands). After liquefying and exporting over 400 cargoes of LNG from March 1, 2022, through April 2025, Venture Global said its CP LNG export facility in Louisiana was officially open.

Crude Oil Futures

AUGUST 5, 2025

The US crude stocks, a key statistic that determines the price of crude oil in the world, have been steadily rising since June, despite the nation being in the peak summer driving season, from April to September. Most analysts believe it is due to the increased oil production in the US: the forecasts for 2025-26 suggest that the US can produce 13.4 million barrels per day, especially in the Permian basin that is estimated to be accounting for almost 50% of US production; it goes without saying t

Oil Gas Leads

AUGUST 5, 2025

August 5, 2025 — Coterra Energy (NYSE: CTRA) delivered a robust second quarter marked by strong operational execution, efficient capital deployment, and increased shareholder returns. The company continues to capitalize on its diversified asset base across the Permian, Marcellus, and Anadarko basins while positioning for capital-efficient growth into 2026.

Offshore Engineer

AUGUST 5, 2025

Germany's economy ministry published plans on Tuesday to diversify the sourcing of crucial components used mainly in offshore wind turbines by 2035 to reduce dependency on China…

OilPrice

AUGUST 5, 2025

U.S. electric utility giant Duke Energy has agreed to sell an indirect 19.7% stake in its Florida business to infrastructure investor Brookfield for $6 billion in cash, part of which will fund Duke’s increased capital spending plan for the next five years. Under the terms of the definitive agreement, Brookfield will invest in Florida Progress, which owns all of Duke Energy Florida.

Oil Gas Leads

AUGUST 5, 2025

August 2025 — Diamondback Energy (NASDAQ: FANG) has delivered a robust second quarter backed by disciplined capital management and high-margin Permian Basin production. The company continues to showcase operational strength while strategically investing in its infrastructure footprint across West Texas. Permian Basin Operator Account Directory – $10 Buy Now Includes; Account Name, Location, Website, Wells Drilled Q2 2025 Earnings Snapshot Diamondback reported: Net Income : $699 million ($2

CNBC: Energy

AUGUST 5, 2025

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Rigzone

AUGUST 5, 2025

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $65.30 +0.21% Brent Crude $67.77 +0.19% Natural Gas $3.01 0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Az

Egypt Oil & Gas

AUGUST 5, 2025

The Western Desert Operating Petroleum Company (WEPCO), an Egyptian state‐established energy firm, has raised its daily natural gas output to 8,300 barrels of oil equivalent per day (boe/d) following the integration of the 5st-10 development well at the Badr-1 field onshore the Western Desert. The new well was drilled at a depth of 5,000 meters from the lower Kharita formation, a geological formation commonly found in the Western Desert, and it reached an initial output of 25 million cubic feet

Marcellus Shale Coalition

AUGUST 5, 2025

WILLIAMSPORT, PA  – Natural gas is the key to realizing Pennsylvania’s digital infrastructure and AI manufacturing opportunities, regional business, education and economic development leaders said today at a local business luncheon. With over 100 attendees and jointly hosted by the Marcellus Shale Coalition, Pennsylvania College of Technology and the Williamsport-Lycoming Chamber of Commerce, the event highlighted the critical role Pennsylvania’s natural gas industry plays in powering the digita

Oil Gas Leads

AUGUST 5, 2025

Devon Energy delivered another solid quarter in Q2 2025, reinforcing its disciplined approach to capital allocation and operational execution across top-tier U.S. shale basins. Oil & Gas Operator Account Directory US – $10 Buy Now Includes: Account Name, Wells Drilled, Rig Count, Location, Website… Q2 2025 Financial & Operational Highlights Net earnings: $899 million ($1.41 per share) Core earnings: $536 million ($0.84 per share) Operating cash flow: $1.5 billion Free cash fl

Permian Basin Oil and Gas Magazine

AUGUST 5, 2025

Houston-based Chevron said Friday its production in Permian Basin reached 1 million boed for the first time in company history during second quarter.  That hits a target set by Chevron about five years ago.  Mike Wirth, CEO, said, “Second quarter results reflect continued strong execution, record production and exceptional cash generation.”  U.S. and worldwide production also set new company records.

Egypt Oil & Gas

AUGUST 5, 2025

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies,  reported a half-year adjusted net income of $50.9 billion, with a net income of $24.5 billion for the second quarter. The figures came in its financial results for the first half of 2025. Aramco’s cash flow from operating activities for the first half of 2025 stood at $59.3 billion, with a free cash flow of $34.4 billion.

Permian Basin Oil and Gas Magazine

AUGUST 5, 2025

Halliburton, largest provider of hydraulic fracturing services, reportedly plans to idle or retire some of its oilfield equipment in response to “deteriorating demand among shale companies.”  Jeff Miller, chairman, president and CEO, announced the plans during the company’s second quarter earnings report July 22.  The move “reflects a broader slowdown in the U.S. shale patch as evidence by Diamondback Energy’s expected drop in rigs and the U.S.

Oil & Gas Journal

AUGUST 5, 2025

Introducing Then & Now, a new series within the Oil & Gas Journal ReEnterprised podcast lineup. In this episode, Laura Bell-Hammer, Statistics Editor, takes listeners on a journey through the dramatic transformation of the oil and gas industry.

OilPrice

AUGUST 5, 2025

Oil prices dropped to their lowest in a week on Monday as markets digested OPEC+'s decision to implement another significant output increase in September. US Oil Majors Reign Supreme as Competitors All Lose Market Edge - US oil majors ExxonMobil and Chevron are increasingly pulling ahead of their European peers, with both companies reporting their highest ever production in Q2 2025, at 4.63 million boe/d and 3.

Offshore Engineer

AUGUST 5, 2025

Libya's National Oil Corporation (NOC) said on Monday it signed a memorandum of understanding (MoU) with U.S.

Oil & Gas 360º

AUGUST 5, 2025

(Oil Price) – Over the past decade, scores of Big Oil companies have set up separate trading divisions that frequently rake in billions in profits that help pad their bottom lines whenever oil and gas prices fall. In fact, the oil majors typically handle more barrels than leading commodity traders such as Vitol, Trafigura, Glencore and Mercuria, according to Bloomberg.

BOE Report

AUGUST 5, 2025

(The opinions expressed here are those of the author, a columnist for Reuters) *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 [Read more]

Rigzone

AUGUST 5, 2025

This transformation of the Moglia anaerobic digestion facility in northern Italy will enhance the plant's ability to process agricultural residues and produce biomethane.

BOE Report

AUGUST 5, 2025

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting [Read more]

CNBC: Energy

AUGUST 5, 2025

Skip Navigation Markets Pre-Markets U.S. Markets Currencies Cryptocurrency Futures & Commodities Bonds Funds & ETFs Business Economy Finance Health & Science Media Real Estate Energy Climate Transportation Industrials Retail Wealth Sports Life Small Business Investing Personal Finance Fintech Financial Advisors Options Action ETF Street Buffett Archive Earnings Trader Talk Tech Cybersecurity AI Enterprise Internet Media Mobile Social Media CNBC Disruptor 50 Tech Guide Politics White

BOE Report

AUGUST 5, 2025

Canadian oil producer Suncor Energy exceeded analysts’ second-quarter profit expectations on Tuesday, as higher output helped offset the impact of weak commodity prices. Even as volatility in oil prices drives the broader energy industry into a downturn, Canada’s oil sands sector remains resilient.

Rigzone

AUGUST 5, 2025

According to the company's latest results statement, ExxonMobil had total oil equivalent production of 4.630 million barrels per day during the quarter.

OilPrice

AUGUST 5, 2025

OPEC+ will complete the unwinding of its largest production cut next month after agreeing this weekend to boost output by 547,000 barrels per day (bpd) in September in a move that was widely expected by the market and oil industry analysts. What’s next for the OPEC+ oil production policy and the last remaining layer of production cuts of 1.66 million bpd is anyone’s guess.

Offshore Engineer

AUGUST 5, 2025

The US Bureau of Ocean Energy Management (BOEM) has announced a direct final rule rescinding a section of its regulations that outlined the renewable energy lease sale schedule…

OilPrice

AUGUST 5, 2025

The United States and Pakistan have finalized a trade and energy pact that could reshape both nations’ approach to energy cooperation and strategic alignment. Announced on Wednesday by President Donald Trump, the agreement includes U.S. participation in developing Pakistan’s oil reserves and a substantial reduction in tariffs on Pakistani exports to the U.S.

Oil & Gas 360º

AUGUST 5, 2025

(BOE Report) – LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also has to hope rivals don’t accelerate. Just ask Europe’s energy majors. Exxon Mobil  and Chevron’s bumper oil and gas output in the second quarter served as a sobering reminder to their European rivals of the ferocious challenge the latter face in their attempts to close the production gap that has expanded in recent years.

Rigzone

AUGUST 5, 2025

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $65.30 +0.21% Brent Crude $67.77 +0.19% Natural Gas $3.01 0% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Ar

OilPrice

AUGUST 5, 2025

In recent years, many optimistic narratives have overstated the impact of renewables on fossil fuel consumption. The reality is more sobering: renewables are not displacing fossil fuels—especially in non-OECD countries and energy-intensive sectors. They’re growing fast, but they’re still playing catch-up with rising global energy demand. That is a key takeaway from the 2025 Statistical Review of World Energy.

RBN Energy

AUGUST 5, 2025

The San Juan Basin in northwestern New Mexico and southwestern Colorado has seen more than its share of booms and busts in the last 100-plus years. During the Shale Era, natural gas production in the 7,500-square-mile basin has been slowly declining, undercut by competition from more prolific, better-situated wells in the Permian and Eagle Ford. But a small band of “San Juan believers” think the region is poised for yet another rebound, this time due to what they view as massive, untapped potent

BOE Report

AUGUST 5, 2025

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.

Rigzone

AUGUST 5, 2025

Eli Rubin, an energy analyst at EBW Analytics Group, outlined that the natural gas price dropped below $3 per MMBtu yesterday 'amid [a] lack of support'.