Sun.Jun 01, 2025

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Europe Reconsiders Nuclear Energy Policies

OilPrice

Europe is embracing nuclear energy with a new vigor. Even the most historically staunch nuclear opponents are softening their restrictions on the carbon-free form of energy production as the continent continues to pivot away from oil and gas imports and toward energy independence in the long shadow of Russias invasion in Ukraine and the European energy crisis that followed.

Energy 244
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Moderating panel at Applied Computing's Orbital demo

Oilholics Synonymous Report

Delighted to announce that yours truly will be joining Applied Computing 's Demo Day proceedings on June 10, 2025 at IET London Savoy Place in London, UK. The Oilholic will also be moderating the panel discussion titled - Redesigning Energy: New Technologies Powering the Transition - where we'll explore the critical role of technologies and their potential to help reshape the future of energy, industry, and sustainability.

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Goldman Expects OPEC+ Output Hikes to End in August

OilPrice

Goldman Sachs expects OPEC+ to make its final production hike in August at the now standard level of 411,000 barrels daily. Relatively tight spot oil fundamentals, beats in hard global activity data, and seasonal summer support to oil demand suggest that the expected demand slowdown is unlikely to be sharp enough to stop raising production when deciding on August production levels on July 6th, the bank said in a note, as cited by Reuters.

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Tackling Weld Failures in Thermal Energy Storage Tanks

POWER Magazine

Concentrated solar power (CSP) plants with thermal energy storage (TES) systems face significant material challenges. Specifically, industry-standard 347H austenitic stainless steel used in the manufacture of molten salt tanks can […] The post Tackling Weld Failures in Thermal Energy Storage Tanks appeared first on POWER Magazine.

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Carney discusses “partnerships” with oil and gas executives in Calgary

BOE Report

CALGARY – Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower.

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Norway Takes Drone Inspections of Offshore Oil Platform to New Level

Rigzone

From a control room in Norway's oil capital of Stavanger, pilots are performing drone inspections of the Edvard Grieg platform some 180 kilometers out at sea.

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Oil rebounds after OPEC+ sticks to same output hike in July vs June

BOE Report

Oil prices rebounded more than $1 a barrel in early Asian trade on Monday after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, in line with market expectation. Brent crude futures climbed $1.06, or 1.69%, to $63.

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NFE Acknowledges Breach of Nasdaq Listing Rule

Rigzone

The company said it is working to submit its Form 10-Q at the earliest.

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Survey Sequence Important to Predicting Underwater Landslides

Offshore Engineer

Submarine landslides can hamper the productivity of offshore installations, but researchers at Texas A&M may now be able to accurately predict the occurrence of

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OEG Inks Logistics Equipment Supply Deal with Oil Major

Rigzone

'This alliance reflects the growing momentum towards a regionally integrated ASEAN Power Grid'.

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Goldman Sachs sees OPEC+ raising oil output by 0.41 mb/d in August

BOE Report

Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day (mb/d) production increase in August, the bank said in a note dated Sunday.

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Modular Carbon Capture Unit Achieves Milestone

Permian Basin Oil and Gas Magazine

Carbon Clean announced April 3 the successful completion of the first-ever industrial deployment of CycloneCC. This modular unit has achieved the milestone of 4,000 operating hours over a six-month period, moving CycloneCC to Technology Readiness Level 7 (TRL 7). CycloneCC has operated continuously, delivering a high purity CO 2 product that exceeds the projected target and meets Fertiglobes CO 2 purity requirements.

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Oil & Gas Canada Contact Directory

Oil Gas Leads

Oil & Gas Canada Contact Directory is a sales & marketing tool that provides a source for contacts that work at Oil & Gas Operators and Midstream companies. The directory is designed to help help sales & marketing more productive. The directory are grouped into roles that you would find at an Oil & Gas Operator. The post Oil & Gas Canada Contact Directory appeared first on Oil Gas Leads.

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OFS Sees Steady Employment Growth

Permian Basin Oil and Gas Magazine

The Energy Workforce and Technology Council (EWTC) released on April 4 its March 2025 jobs report, highlighting continued employment growth and stability within the U.S. energy services sector. Total jobs in the sector rose to 640,212 in March 2025, reflecting a gain of 653 positions over February, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis conducted by the EWTC.

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International Petroleum Corporation Announces Results of Normal Course Issuer Bid and Updated Share Capital

BOE Report

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 89,200 IPC common shares (ISIN: CA46016U1084) during the period of May 26 to 30, 2025 under IPCs normal course issuer bid / share repurchase program (NCIB).

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Upstream M&A sails to $17 billion in 1Q25

Permian Basin Oil and Gas Magazine

Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS company, released on April 23 its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. The M&A summary follows Enverus release of Investor Analytics , a tool designed to offer investors a comprehensive view of key market dynamics.Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.

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Petroleum Sector in New AI-based Iraqi National Memory Project

Iraq Business News: Oil & Gas

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Petroleum Sector in A New AI-based Iraqi National Memory Project A group of dedicated artificial intelligence (AI) specialists and professionals are enthusiastically racing against time and actively working on a first of its kind major mission: Iraqi National Memory Project (INMP).

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“Nuclear Verdicts” are Driving Up Consumer Costs in Texas

Permian Basin Oil and Gas Magazine

Texans pay an average of $1,725 more for goods and services every year as the costs of lawsuits and massive court awards are passed on to consumers. This $1,725 lawsuit taxwhich drives up the cost of everything Texans buy, from groceries to housing to insuranceis higher than the national annual average lawsuit tax of $1,666 per person, according to a study released March 25 by Citizens Against Lawsuit Abuse (CALA).

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Cenovus Energy provides operations update on impact of Alberta wildfires

BOE Report

CALGARY, Alberta, June 01, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing an update on its Oil Sands operations following ongoing wildfire activity in northern Alberta. Cenovus is focused on the safety of its people and the integrity of its assets, and all staff are safe.

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Texas Oilman Donates Ambulance to Israel

Permian Basin Oil and Gas Magazine

Jack Storm, president of WS Energy Services , recently made a charitable donation to Israel of an ambulanceone that will soon be transported overseas to emergency caregivers at Magen David Adom (Red Shield of David) in Israel. Storm said he has long desired to extend this gift, and he maintained his commitment through tough industry times when it seemed his company might be shut down.

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Trump’s ‘Beautiful’ Bill Casts a Cloud Over Hydrogen’s Future

OilPrice

A week ago, the U.S. House of Representatives passed Trumps Big, Beautiful Bill designed to deploy large tax cuts, extra spending on defense and immigration enforcement by primarily leveraging deep cuts to the Inflation Reduction Act (IRA) of 2022. With the contentious bill now headed for the Senate, some energy experts are warning of dire consequences for some renewable energy industries if it becomes law.

Energy 244
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Eagle Ford Production Edges Downward

Permian Basin Oil and Gas Magazine

by J. David Smith, Senior VP, Mercer Capital Eagle Ford production (on a boe basis) dipped 2.9 percent in the 12 month period ending in March 2024.Production levels varied only slightly during the period, with the rolling monthly percentage change in March varying between -3.5 percent and 1.4 percent.Appalachian production change over the period was similar to that of the Eagle Ford, ending at a 0.5 percent decline, with March 2024 varying between -2.8 percent and 2.3 percent.

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Tariffs and Turmoil Undermine Trump's Oil and Gas Promises

OilPrice

When U.S. President Donald Trump came into office in January, he promised to back greater oil and gas production, doubling down on his drill, baby, drill catch phrase. He rapidly introduced executive orders aimed at encouraging new oil and gas exploration across the country while reining in the renewable energy industry. However, since these early promises, Trump appears to be increasingly alienating the oil and gas industry as companies battle low oil prices, the uncertainty of a trade war, and

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Down to the Wire

Permian Basin Oil and Gas Magazine

With only a few dozen hours remaining in the regular session, Texas lawmakers have sealed the fate of thousands of bills and are now focused on reconciling House and Senate versions of passed legislation. The Texas Legislature meets in a regular session every two years, convening on the second Tuesday in January of every odd-numbered year in Austin.

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