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World oil market may be tighter than it looks, IEA says

Oil & Gas 360º

(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1

IT
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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

The company’s Horizon oil sands mine has been producing since 2009. According to the Bank of Montreal, oil sands producers Canadian Natural Resources, Suncor, Cenovus, Imperial Oil and MEG Energy currently have combined net debt, excluding lease liabilities, of C$33.9 Shale oil wells, by contrast, have low start up costs.

Oil
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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Renewable energy sources are rapidly expanding and driving the decarbonization effort, yet certain industries, particularly those with hard-to-abate (HtA) emissions, require additional solutions. “European electricity prices and costs,” Ember Energy, accessed April 2025. percent, and the maximum rate raised from 1.6

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Australia's Cue Energy Posts Lower Production

Rigzone

Brent Crude $72.24 -0.37% Natural Gas $3.12 -0.57% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Australia's Cue Energy Posts Lower Production by Jov Onsat | Rigzone Staff | Wednesday, July 30, 2025 | 5:54 AM EST Cue Energy, which produces oil and gas in Australia, Indonesia and New Zealand, reported a quarterly output of 148,300 boe.

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Equinor Hits New Discovery in Johan Castberg

Rigzone

The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil. The other developers are Eni SpA-backed Var Energi ASA with a 30 percent interest and state-owned Petoro AS with 23.7 We’d love to hear from you, join the conversation on the Rigzone Energy Network.

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Idaho Power 20-Year Plan Aims to Add 2.15 GW of RE Capacity

Rigzone

The plan also eyes 885 MW of battery energy storage capacity, 611 MW of gas power via coal conversions, 550 MW from natural gas, 344 MW of energy efficiency and 20 MW of incremental demand response. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! All comments are subject to editorial review.

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BP Appoints Shell Veteran to Board

Rigzone

During his over 35 years with Shell, Henry held senior finance and management positions worldwide, serving as chief financial officer and board member from 2009 to 2017, BP noted. Just before BP’s announcement, Harbour Energy plc also said that Henry would resign from its board with immediate effect.