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OPEC+ to Complete Unwinding of Oil Output Cuts With Big September Hike

OilPrice

The eight OPEC+ producers withholding supply to the market are set to complete the unwinding of their 2.2 million barrels per day (bpd) production cuts from 2023 with another supersized output hike of 550,000 bpd for September, five sources with knowledge of the alliance’s discussions told Reuters on Monday.

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Centrus Completes 900-kg HALEU Delivery to DOE in U.S. Nuclear Fuel Enrichment Milestone

POWER Magazine

Department of Energy (DOE), completing Phase II of its pioneering enrichment contract with the agency. The shipment marks the first significant domestic production of HALEU—a specialized fuel required for many advanced reactors now under development—and stands as a […] The post Centrus Completes 900-kg HALEU Delivery to DOE in U.S.

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Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

Oil & Gas 360º

(World Oil) – Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block.

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Black & Veatch Completes FEED Study for UK Hydrogen Project

POWER Magazine

Infrastructure developer Black & Veatch announced the company has completed execution of a front-end engineering design (FEED) study for the Whitelee Green Hydrogen Project near Glasgow, Scotland. Whitelee is a proposed development by owner ScottishPower Energy Retail Limited.

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Canada Could Begin First Pacific LNG Production This Weekend

OilPrice

LNG Canada, a massive $40-billion project in Kitimat, British Columbia, is completing cooldown operations on Train 1, which are scheduled from June 16 to 19. If production begins as expected, it would mark a milestone for Canada’s natural gas industry: the country’s first operational LNG export terminal and the only one on North America’s…

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New Energy Discovery Could Help Pakistan Cut Costly Fuel Imports

OilPrice

Pakistan Oilfields Limited (POL) and Oil and Gas Development Company Limited (OGDCL) have announced the successful completion of hydrocarbon production testing at the Makori Deep-03 Development Well in the TAL Block in Khyber Pakhtunkhwa. million standard cubic feet of gas per day (MMSCFD), according to a filing by POL.

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SLB completes $7.8 billion ChampionX acquisition

Oil & Gas 360º

(World Oil) – SLB has successfully completed its previously announced $7.8 billion acquisition of ChampionX. The announcement follows a period of regulatory delays amid competition concerns, with the final regulatory hurdle being cleared yesterday as UK’s Competition and Markets Authority approved the deal to move forward.