OilPrice
JUNE 6, 2025
Venezuela hasn’t waited long to replace Western service providers in its oil industry after the U.S. sanctions, and has signed at least nine agreements with foreign firms, including from China, sources with knowledge of the deals told Bloomberg. Under the U.S. sanctions, Western oil producers were given time until May to wrap up their operations in Venezuela, home to the world’s biggest crude oil reserves.
Marcellus Drilling News
JUNE 6, 2025
The Republicans in Congress have not wasted any time in addressing the ongoing tragedy of states (and municipalities) banning fracking or the right to choose which energy source (like natural gas) to use. We happened to spot details about two new bills just introduced in Congress, one by New York Rep. Claudia Tenney, which targets.
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OilPrice
JUNE 6, 2025
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that. The total rig count in the US fell by 4 to 559 rigs, according to Baker Hughes, down 35 from this same time last year.
Marcellus Drilling News
JUNE 6, 2025
For the week of May 26 – Jun 1, the number of permits issued to drill new wells in the Marcellus/Utica increased significantly from the previous week. There were 35 new permits issued across the three M-U states last week, up 11 from 24 two weeks ago. A whopping 27 new permits were issued in.
OilPrice
JUNE 6, 2025
The U.S. Treasury Department has unleashed a sweeping wave of sanctions targeting a sprawling network of companies and individuals accused of facilitating Iranian oil and petrochemical exports in violation of existing sanctions. The action, announced Friday, strikes at the financial and logistical infrastructure underpinning Iran’s shadow energy trade—particularly its crude exports to Asia.
American Gas Association
JUNE 6, 2025
News True Blue Blog A PG&E-supported program is serving as a model to help young people gain financial literacy Where energy conversations come to life. In British Columbia, FortisBC is teaming up to push the boundaries of hydrogen research. The utility has committed $500,000 in research funding, complemented by $2.3 million from the University of British Columbia Okanagan and $800,000 from the Natural Sciences and Engineering Research Council of Canada, to help launch H2LAB, which will expl
OilPrice
JUNE 6, 2025
Light crude oil futures rallied this week, closing Thursday at $63.37 per barrel—up approximately 4.2%—as the market digested a cocktail of bullish catalysts. Traders responded to unplanned supply disruptions in Canada, measured output policies from OPEC+, and escalating geopolitical tensions, while contending with uncertain demand signals and trade-related optimism.
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OilPrice
JUNE 6, 2025
ICE Brent is poised to close the week above $66 as trade optimism lifts sentiment, while stubborn geopolitical tensions and shifting wildfire risks keep supply concerns alive. June 6th, 2025 ICE Brent futures are set to close this week above $66 per barrel, a more than 3% weekly gain after markets were buoyed by the prospect of US-China trade talks all the while derailed US-Iran and Russia-Ukraine negotiations have kept geopolitical risk premia intact.
Enverus
JUNE 6, 2025
The following blog is distilled from Enverus Intelligence® Research (EIR) publications. As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ AI has been thrown into this mix and is already proving to be a transformative force that’s reshaping how operators evaluate acreage, plan development and optimize production.
OilPrice
JUNE 6, 2025
Wary of the ‘Hockey Stick’, Oil Traders Hedge Their 2025 Exposure - Open interest in WTI calendar spread options - contracts that see market participants bid on the future value of crude oil futures across different delivery months – has reached an all-time high as traders expect this year’s assumed oversupply to only materialize in 2026. - The prompt spread between July and August was trading around $0.90 per barrel for most of this week, whilst the difference between December 2025 and December
Marcellus Drilling News
JUNE 6, 2025
Two days ago, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for January through March 2025 (full copy below). There were 93 new horizontal wells spud (drilled) in 1Q25, a decrease of 7 wells (-7%) compared to 1Q24. However, 1Q’s spud number increased by 9 (11%) from the 84.
OilPrice
JUNE 6, 2025
HSBC’s forecast that Brent Crude prices would remain around $65 per barrel later this year could be too optimistic as OPEC+ continues to raise production, which will result in a bigger-than-expected surplus after the summer ends. “Our new scenario assumes regular hikes from October to December and leaves the 2.2mbd of voluntary cuts fully unwound by the end of 2025,” the bank said in a note on Friday carried by Reuters.
POWER Magazine
JUNE 6, 2025
As threats to power companies rise—from cyberattacks to theft and vandalism—many utilities are rethinking how to secure facilities and critical infrastructure. Outdated systems that constantly trigger false alarms from wind, […] The post Meet the Tools Helping Power Companies Separate Threats from Noise appeared first on POWER Magazine.
OilPrice
JUNE 6, 2025
Artificial intelligence is all over the media—and so is its energy consumption, which is spurring something of a new tech race. That race, however, besides innovation, includes some simpler moves, such as a return to a kind of power generator that had been consigned to history. Single-cycle gas turbines used to be popular before combined-cycle technology emerged.
EnergyTrend
JUNE 6, 2025
U.S. Solar Giant Sunnova Announces 55% Layoff: Financial Bubble, Policy Pullback, and Industry Winter OnJune5,2025,U.S.residentialsolargiantSunnovaannounceditwouldlayoff55%ofitsworkforce(around718employees)inadrasticefforttorescueitsdebt-riddenoperatio.
OilPrice
JUNE 6, 2025
Uzbekistan’s interest in connectivity with Afghanistan is driven by economic opportunity, energy cooperation, security needs, and geopolitical strategy - factors that will help Uzbekistan access new markets and stabilize the region. Ambassador Javlon Vakhabov of the International Institute for Central Asia in Tashkent, Uzbekistan, calls it “Stability Through Connectivity.
Oil & Gas 360º
JUNE 6, 2025
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 4 over last week, resulting in a total count of 559 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 114 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford and the Haynesville region experienced an increase this week.
POWER Magazine
JUNE 6, 2025
Energy equipment group GE Vernova said it has commissioned the first of four 250-MW variable speed units at THDC India Limited’s Tehri Pumped Storage Hydropower Plant, part of the Tehri Hydropower Complex. The 1-GW expansion will increase the facility's power generation capacity to 2.4 GW, making it the country’s largest hydropower plant. The post A First for India: GE Vernova Commissions Pumped Storage Unit at Hydro Complex appeared first on POWER Magazine.
Oil & Gas 360º
JUNE 6, 2025
Publisher’s Note: Vermilion Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. (World Oil) – Vermilion Energy Inc. has entered into a definitive agreement for the sale of its U.S. assets for cash proceeds of ~$88 million ($120 million CAD).
Rigzone
JUNE 6, 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 $64.58 +1.91% Brent Crude $66.47 +1.73% Natural Gas $3.78 +2.91% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW
Oil & Gas 360º
JUNE 6, 2025
(Investing) – OPEC+ has been unwinding its voluntary production cuts at a faster rate than it had previously outlined, although this has yet to translate into a noticeable change in volumes on very large crude carriers, according to analysts at Jefferies. Since April, the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, has either made or announced output upticks totalling some 1.37 million barrels per day, or 62% of the 2.2 million of the total amo
American Gas Association
JUNE 6, 2025
News True Blue Blog A PG&E-supported program is serving as a model to help young people gain financial literacy Where energy conversations come to life. Pacific Gas and Electric Company is leveraging its resources to educate California Bay Area youth in disadvantaged communities about financial literacy—one classroom at a time. This past February, 23 high school seniors in Oakland celebrated their graduation from an innovative financial education program hosted at the University of Californi
Oil & Gas 360º
JUNE 6, 2025
(BOE Report) – CALGARY – A major shareholder in fuel refiner and retailer Parkland Corp. says it plans to vote against its planned takeover by U.S. heavyweight Sunoco LP. Engine Capital owns 2.5 per cent of Parkland’s shares, making it one of the Calgary-based company’s biggest investors. In a letter to Parkland’s board of directors, Engine’s leadership argues the Sunoco deal was rushed, the price is too low and that there are likely better options available.
McKinsey
JUNE 6, 2025
Skip to main content Overcoming two issues that are sinking gen AI programs June 6, 2025 | Article Curt Jacobsen  Erik Witte Kaz Kazmier  Oscar Villarreal Hard experience has revealed common technology pitfalls in building a gen AI capability and proven strategies for overcoming them. Growth in the generative AI era looks like a classic case of âtwo steps forward, one step back.â As companies come to grips with the unique complexities of gen AI, initial progress leads to reversals and
Oil & Gas Magazine
JUNE 6, 2025
Naturgy tiene previsto, en una primera fase, crear un City Gate para suministrar gas en la zona norte de Aguascalientes para ampliar la distribución y el acceso de este recurso para la industria de la región El Gobierno de Aguascalientes encabezado por María Teresa Jiménez Esquivel informó que durante la gira de la mandataria en España se concretó la decisión de Naturgy para establecerse en Aguascalientes con una inversión inicial de 276 millones de pesos.
Marcellus Drilling News
JUNE 6, 2025
Two conventional oil producers in Southeast Ohio say dozens of their wells have been flooded with industrial waste (brine) from the fracking industry. They claim that nearby injection wells that handle frack waste/brine are leaking. State regulators agree that injection wells, at least at some locations, are leaking. Not only have these leaks (if true).
Malcolm Graham Wood
JUNE 6, 2025
WTI (July) $63.37 +52c, Brent (Aug) $65.34 +48c, Diff -$1.97 -4c. USNG (July) $3.68 -4c, UKNG (July) 85.68p +1.72p, TTF (July) €36.32 -€0.03. Oil price Oil is flat today but will end up on the week barring accidents, there is little for me to add to my previous comments this week except that it seems. The post Oil price, Savannah, Angus. And finally… appeared first on Malcy's Blog.
Oil & Gas Magazine
JUNE 6, 2025
Las empresas Honeywell, Johnson Matthey, GIDARA Energy y SAMSUNG E&A anunciaron su alianza para la producción de combustible de aviación sostenible (SAF) a partir de biomasa y residuos sólidos urbanos Honeywell en conjunto con Johnson Matthey, GIDARA Energy y SAMSUNG E&A anunciaron una alianza tecnológica estratégica para comercializar una solución global innovadora e integral para la producción de combustible de aviación sostenible (SAF) a partir de biomasa y residuos sólidos urbanos.
BOE Report
JUNE 6, 2025
The U.S. in recent days suspended licenses for nuclear equipment suppliers to sell to China’s power plants, according to four people familiar with the matter, as the two countries engage in a damaging trade war. The suspensions were issued by the U.S.
Offshore Engineer
JUNE 6, 2025
Britain’s next renewable energy auction must secure a record amount of new offshore wind capacity if the country is to meet its 2030 clean power targets, Darren Davidson…
Rigzone
JUNE 6, 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 $64.58 +1.91% Brent Crude $66.47 +1.73% Natural Gas $3.78 +2.91% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW
American Gas Association
JUNE 6, 2025
News True Blue Blog A PG&E-supported program is serving as a model to help young people gain financial literacy Where energy conversations come to life. There are times in life when you know you must act. For Columbia Gas of Ohio Field Technician Curtis Van Vlerah, that moment was on April 12 when he spotted a semi-truck flipped on its side, wheels still spinning, on a loop connecting I-475 to I-75 in Toledo.
Rigzone
JUNE 6, 2025
The companies 'expressed interest for over $115 billion of contract value for various partnerships with the Project, including equipment and material supply, services, investment, and customer agreements'.
Marcellus Drilling News
JUNE 6, 2025
Another incident happened Wednesday afternoon at the Shell ethane cracker plant facility in Beaver County, PA. This isn’t the first problem at the plant (see our cracker problem stories here). An explosion and fire (with smoke) were reported at the ethane cracker on Wednesday. A company spokesperson stated that smoke was seen coming off of.
BOE Report
JUNE 6, 2025
The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate (WTI) futures narrowed on Friday. WCS for July delivery in Hardisty, Alberta, settled at $8.85 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after having settled at $9.10 under the U.S. benchmark on Thursday.
Cisco: Oil & Gas
JUNE 6, 2025
Skip to content Cisco Blogs / Learn with Cisco / Certified and Unstoppable: Recertify with Rev Up June 6, 2025 Leave a Comment Learn with Cisco Certified and Unstoppable: Recertify with Rev Up 2 min read Natarshia Mosley Rev Up to Recert Bonus is now available: Learn and earn up to 45 Continuing Education credits for free until August 7, 2025. Read the announcement below for details.
Offshore Engineer
JUNE 6, 2025
Petrobras aims to make Africa its main region of development outside Brazil, the state-run oil giant's CEO told Reuters on Thursday during a wide-ranging interview about the company's strategy…
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