OilPrice

JUNE 27, 2025

Oil flows on the Transneft pipeline network, which handles 80% of all the oil Russia produces, fell last year and continue to slide in 2025, too, due to the OPEC+ agreement to withhold supply and technological issues at Russia’s oil-producing sites, the pipeline giant said on Friday. Due to the falling oil flows, Transneft doesn’t expect its revenue to grow at the same pace as in the past decade until about 2030, the company’s first deputy CEO Maxim Grishanin was quoted as saying by Russian news

Pipeline 348

Pipeline Oil IT 348

POWER Magazine

JUNE 27, 2025

A software group that uses artificial intelligence (AI) to help automate processes said it was joining with a nuclear power deployment company on an AI-driven system to accelerate construction of nuclear reactors. Palantir Technologies on June 26 said it will work with The Nuclear Company, a nuclear power startup, to jointly create a nuclear operating […] The post Groups Partnering to Develop AI Software to Speed Nuclear Reactor Construction appeared first on POWER Magazine.

Operator 288

Operator IT 288

OilPrice

JUNE 27, 2025

Shell and its partners have started up two subsea compressors to boost the recovery rate at the Ormen Lange natural gas field in the Norwegian Sea, the UK-based supermajor, which operates the field, said on Friday. Shell expects the compression stations to raise the gas recovery rate to 85% from the current 75%. The two new compressor stations are installed on the seabed 120 kilometers (75 miles) from shore and are directly connected to the processing plant at Nyhamna.

Natural Gas 246

Natural Gas Field Gas Operator 246

Marcellus Drilling News

JUNE 27, 2025

In February, MDN brought you the news that a new player is entering the Marcellus looking to extract lithium from shale brine (wastewater), and it’s doing it in a big way in Susquehanna County in the northeastern corner of Pennsylvania (see New Lithium-from-Brine Plant Coming to Northeast Pa. Marcellus). Avonlea Lithium Corporation, a subsidiary of.

IT 251

IT 251

OilPrice

JUNE 27, 2025

Alberta expects to have booked a budget surplus of about US$4.2 billion (C$5.8 billion) for the fiscal year 2024-2025 that ended in March, as Nate Horner, the finance minister of Canada’s oil-producing province, prepares to deliver the year-end fiscal update later on Friday. The unexpectedly large surplus for 2024-2025 was due to higher resource royalties, RBC said earlier this year.

Royalty 282

Royalty Oil Finance 282

Energy Transition

JUNE 27, 2025

Most observers think of heat pumps as small-scale heating systems for houses, businesses and apartment buildings. But XXL heat pumps are already in service and doing the same job for whole city districts. Their practice, if successful, will be an important asset in decarbonizing societies and economies. Paul Hockenos reports. Credits: Frank Bach | Shutterstock, All rights reserved.

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147

OilPrice

JUNE 27, 2025

For the third consecutive day, extreme heat across the eastern half of the U.S. has triggered power grid alerts and emergency warnings, highlighting the fragility of current energy infrastructure. Extremely tight power grids reinforce a core part of our energy thesis: the urgent need for clean, reliable baseload power, and there is no better option than nuclear.

Energy 244

Energy Energy 244

OilPrice

JUNE 27, 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 1-rig decrease in the week prior. The total rig count in the US fell by 7 to 547 rigs, according to Baker Hughes, down 34 from this same time last year. The number of oil rigs fell by 6 to 432 after falling by 1 during the previous week—and down by 47 compared to this time last year.

Drilling rig 207

Drilling rig Oil Gas 207

Marcellus Drilling News

JUNE 27, 2025

For the week of June 16 – 22, the number of permits issued to drill new wells in the Marcellus/Utica rose from the previous week. There were 24 new permits issued across the three M-U states last week, up six from 18 issued two weeks ago. The Keystone State (PA) issued 16 new permits. Olympus.

Energy 146

Energy Energy 146

OilPrice

JUNE 27, 2025

The risk of crude oil supply disruption in the Middle East has dropped to just 4%, according to options traders, Goldman Sachs said in a new note, after Israel and Iran agreed to a ceasefire earlier in the week. The bank’s analysts reported that options traders now see a 60% chance for Brent crude to average between $60 and $70 over the next three months, with the chance of the benchmark topping $70 per barrel at 28%, Reuters wrote.

Oil 162

Oil Crude Oil Barrel 162

Marcellus Drilling News

JUNE 27, 2025

Newly elected Republican Congressman Rob Bresnahan defeated incumbent Democrat Matt Cartwright in last November’s election to represent Pennsylvania’s 8th Congressional District, located in the northeastern corner of the state. Bresnahan hit the ground running, particularly in addressing energy issues. His district includes Wayne and Pike counties, where landowners have had their right to drill for.

Hydraulic Fracturing 256

Hydraulic Fracturing Energy Energy 256

OilPrice

JUNE 27, 2025

Santos has granted exclusive due diligence access for six weeks to the consortium led by Abu Dhabi’s ADNOC that has made an $18.7 billion non-binding takeover bid for the Australian energy giant. Santos, which earlier this month received – and plans to accept – the offer, has now entered into a process and exclusivity deed with XRG, a subsidiary of Abu Dhabi National Oil Company and lead investor of a consortium including Abu Dhabi Development Holding Company and Carlyle, the Australian gas gia

Gas 139

Gas Oil Energy Energy 139

Oil & Gas 360º

JUNE 27, 2025

(Oil Price) – Santos has granted exclusive due diligence access for six weeks to the consortium led by Abu Dhabi’s ADNOC that has made an $18.7 billion non-binding takeover bid for the Australian energy giant. Santos, which earlier this month received – and plans to accept – the offer, has now entered into a process and exclusivity deed with XRG, a subsidiary of Abu Dhabi National Oil Company and lead investor of a consortium including Abu Dhabi Development Holding Company and Carlyle, t

Oil 130

Oil Gas Energy Energy 130

OilPrice

JUNE 27, 2025

BYD stock and its U.S. listed ADRs slumped about 3% on Wednesday this week, after it was reported the vehicle manufacturer was cutting production. China’s top automaker is scaling back production at several factories due to rising vehicle inventories and slower-than-expected sales growth, multiple outlets including Reuters and CarNewsChina reported.

Manufacturing 230

Manufacturing IT 230

Oil & Gas 360º

JUNE 27, 2025

(BOE Report) – Options markets suggest the probability of a disruption of oil flows through the Strait of Hormuz is just 4% following the Iran-Israel ceasefire, Goldman Sachs analysts said in a note on Thursday. Fears that Iran could close the Strait of Hormuz after U.S. strikes on its nuclear facilities sent Brent crude futures to a high of $81.40 on Monday, but concerns eased in the wake of the truce declared the next day, sending crude back below $68.

Oil 130

Oil Barrel Crude Oil IT 130

EnergyTrend

JUNE 27, 2025

400MW/1.6GWh Energy Storage Project Commences Construction OnJune25,theDongfangXunengKeping400MW/1.6GWhstandaloneenergystorageprojectofficiallybrokegroundintheKepingCountyPVIndustrialPark.Withatotalinvestmento.

Energy 130

Energy Energy 130

Oil & Gas 360º

JUNE 27, 2025

(World Oil) – Tokyo Gas Co. is in discussions with multiple U.S. liquefied natural gas suppliers to secure a long-term purchase agreement, as rising energy demand leaves Japan increasingly dependent on the fuel source. Japan’s largest gas distributor is in talks with at least four companies over supply from projects dotting the U.S. Gulf Coast, according to people with knowledge of the matter.

Gas 130

Gas Upstream Natural Gas Government 130

EnergyTrend

JUNE 27, 2025

Construction Begins on 200MW800MWh Solid-State Battery Energy Storage Power Station in Wuhai, Inner Mongolia OnJune26,thegroundbreakingceremonywasheldforthe200MW/800MWhsolid-statebatteryenergystoragepowerstationprojectinWuhaiCity.LocatedintheLow-CarbonIndustr.

Energy 130

Energy Energy 130

OilPrice

JUNE 27, 2025

Numbers Report – June 27, 2025In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look.1.

IT 136

IT Energy Energy 136

Oil & Gas 360º

JUNE 27, 2025

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 7 over last week, resulting in a total count of 547 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 140 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced an increase this week. Meanwhile, 2 regions experienced a decrease this week: The Granite Wash is at 12, down 1.

Basin 130

Basin Crude Oil Oil 130

Rigzone

JUNE 27, 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 $65.52 +0.43% Brent Crude $67.77 +0.06% Natural Gas $3.74 +6.04% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Exploration and Production 103

Exploration and Production Barrel Oil Gas 103

Marcellus Drilling News

JUNE 27, 2025

Yesterday, we reported that the largest producer of Marcellus/Utica molecules, EQT Corporation, reports it hit net zero emissions in 2024 (see Promises Made, Promises Delivered: EQT Hits Net Zero Scopes 1 & 2). EQT isn’t the only major M-U driller to do so. Range Resources, the very first driller to sink a Marcellus well (back.

IT 117

IT Energy Energy 117

Oil & Gas Magazine

JUNE 27, 2025

El convenio entre el Gobierno de Jalisco y Solfium prevé acelerar la adopción de energía solar fotovoltaica en la entidad así como fortalecer la cadena de valor del sector La Secretaría de Desarrollo Energético Sustentable de Jalisco ( SEDES ), y la Agencia de Energía del Estado de Jalisco ( AEEJ ), firmaron un convenio de colaboración con Solfium, empresa canadiense de energía solar que utiliza una plataforma tecnológica para facilitar la adopción de la energía solar en hogares y negocios.

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Malcolm Graham Wood

JUNE 27, 2025

Oil is up a little this morning as markets settle down. Results from Beacon but they are rightly pointing forwards as are UOG who snuck figures out yesterday afternoon. And Prospex still need more money. The post Oil price, Beacon, UOG, Prospex, And finally… appeared first on Malcy's Blog.

Oil 147

Oil Energy Energy Gas 147

POWER Magazine

JUNE 27, 2025

When an electric utility with a power plant in the southwestern U.S. prepared for a planned, major outage on its two Siemens 501D turbines, the plant’s manager requested a repair quote for two directional control valves and two gas valves attached to each turbine. “We had a problem with one of our controllers that lead […] The post Outage and Grid Alerts Catalyst for Replacing Obsolete Valves, Actuators appeared first on POWER Magazine.

Utilities 130

Utilities Management Gas IT 130

OilPrice

JUNE 27, 2025

Car Online, an Iran-based campaign on social media channels, has started to call on its subscribers and followers to incite Yemenis to target facilities of Saudi oil giant Aramco, as a revenge against U.S. strikes against Iranian nuclear sites, the Foundation for Defense of Democracies (FDD) says. The Car Online channel on Telegram began its life as an Iranian social media operation, FDD researchers uncovered last week.

Operator 238

Operator Oil IT 238

Rigzone

JUNE 27, 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 $65.52 +0.43% Brent Crude $67.77 +0.06% Natural Gas $3.74 +6.04% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Crude Oil 99

Crude Oil Oil Energy Energy 99

The Energy Co-op

JUNE 27, 2025

Join The Energy Co-op at our Annual Member Meeting and Conference. Who: Members and Friends of The Energy Co-op Where: The Inn at Swarthmore, Swarthmore, PA When: Saturday, June 9th, 8:30am – 2:00pm What: The Annual Member Meeting and Conference brings together Co-op members, members of the community and representatives from other Co-ops and other organizations working on sustainable development in PA followed by the Co-op membership meeting.

Casing 130

Casing Finance Sustainable Sustainability 130

BOE Report

JUNE 27, 2025

U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes said in its closely followed report on Friday.

Rig Operator 99

Rig Operator Gas Oil Natural Gas 99

Mees

JUNE 27, 2025

Already dominating Egypt’s offshore, Eni, Shell and Chevron all took more Mediterranean acreage this week. Local independent Cheiron also took a block that surrounds its 100mn cfd WEB development north of Alexandria.

Offshore 86

Offshore IT 86

OilPrice

JUNE 27, 2025

Iran’s missile strike on Al Udeid Air Base in Qatar on June 23 was loud but calculated. Despite the scale (nearly 20 missiles, including medium-range ballistic weapons) the damage was negligible. U.S. and Qatari sources confirm that interception systems neutralized the bulk of the barrage, and the only successful impact hit a structure outside the base, with no military value and no casualties.

Energy 142

Energy Energy IT 142

Rigzone

JUNE 27, 2025

The European Council and Parliament reached a provisional deal on a proposal by to extend a regulation requiring that natural gas storage facilities be at least 90 percent full before the winter season.

Gas 73

Gas Natural Gas 73

Offshore Engineer

JUNE 27, 2025

A new cybersecurity solution from Hanwha Ocean to protect critical infrastructure and operations on board floating production storage and offloading (FPSO) units…

Operator 71

Operator 71

Rigzone

JUNE 27, 2025

Israeli authorities allowed the Chevron-operated Leviathan natural gas and condensate field to restart production, after ordering a pause about two weeks ago amid Israel's exchange of attacks with Iran.

Field 69

Field Condensate Natural Gas Operator 69

OilPrice

JUNE 27, 2025

This could have been a momentous week in Ukraine’s long-term wish of joining the European Union and NATO. In the end, it wasn't. As leaders of the two institutions met for key summits in Brussels and The Hague respectively, Kyiv’s eventual membership of both should have been a centerpiece. Instead, Ukraine is no closer to joining either — and the many obstacles in the war-torn country's path to the Euro-Atlantic community were on full display.

IT 148

IT 148

Rigzone

JUNE 27, 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 $65.52 +0.43% Brent Crude $67.77 +0.06% Natural Gas $3.74 +6.04% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Exploration and Production 67

Exploration and Production Operator Oil Gas 67

BOE Report

JUNE 27, 2025

U.S. natural gas futures jumped about 6% to a one-week high on Friday as the amount of gas flowing to liquefied natural gas (LNG) export plants started to edge up as more plants exit spring maintenance reductions.

Natural Gas 70

Natural Gas Maintenance Gas 70