OilPrice
JULY 2, 2025
Global crude oil production declined by 1% last year, for the first time since 2020, averaging 72.58 million barrels daily, OPEC said in the latest edition of its Annual Statistical Bulletin. The group reported a decline in OPEC and partner production while non-OPEC oil producers boosted output last year, in line with analyst predictions and relatively healthy oil prices.
American Gas Association
JULY 2, 2025
AGA Newsroom True Blue Blog Where energy conversations come to life. It’s the 4 th of July! As we celebrate Independence Day, and the freedom we enjoy, energy security has been quietly supporting the American dream for decades. Today’s energy revolution has been critical in securing reliable, affordable energy, insulated from the volatility of international energy markets.
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OilPrice
JULY 2, 2025
French nuclear fuel giant Orano’s uranium mining subsidiary in northern Niger is on the verge of bankruptcy, raising alarms over future nuclear fuel supply chains amid deepening tensions with the ruling junta, Reuters reported on Wednesday. The company cited a breakdown in talks with Niamey and the blocking of essential equipment at the border as the primary drivers of the crisis.
Marcellus Drilling News
JULY 2, 2025
Last November, MDN brought you the great news that MPLX (aka MarkWest Energy) would file to build an expansion at its existing Harmon Creek facility in Smith Township, Washington County, PA (see MPLX to Build New Harmon Creek III Gas Processing in PA Marcellus). MPLX plans to add a 300 MMcf/d (million cubic feet per.
OilPrice
JULY 2, 2025
Oil and gas activity in the U.S. Eleventh District slipped into contraction in the second quarter of 2025, according to the Dallas Fed Energy Survey released Wednesday, with firms citing falling production, deteriorating service margins, and deepening uncertainty. The survey’s headline business activity index dropped from 3.8 in Q1 to -8.1, marking a return to negative territory.
Marcellus Drilling News
JULY 2, 2025
OTHER U.S. REGIONS: Industry bodies look at Texas upstream employment in May; Cuomo blew it by shutting down Indian Point Nuclear plant with no “plan B”; NATIONAL: Fracking is America’s (not so) secret weapon; Natural gas becoming preferred power method among data center operators; Senate delivers pro-energy tax reforms; One Big, Beautiful Bill remains a.
OilPrice
JULY 2, 2025
Germany is increasingly indicating openness to nuclear energy, marking a complete pivot from their historic stance on the controversial energy source. Germany’s shift in attitude toward nuclear energy comes as part of a larger global movement back toward nuclear power as a viable part of a secure and low-carbon energy landscape.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
JULY 2, 2025
Europe has accelerated its purchases of liquefied natural gas to refill its storage caverns for the winter, and once again, this has driven prices higher, sapping demand in Asia. This could turn into a seasonal pattern until new LNG capacity comes online—and it will definitely add to Europe’s energy cost woes. Natural gas in storage in the European Union is currently at 58.90% of capacity.
Oil & Gas 360º
JULY 2, 2025
(World Oil) – Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Eni SpA and Exxon Mobil Corp. are also among the 37 companies that have lodged interest, with contracts due to be signed with successful bidders by the end of 2025, National Oil Corp Chairman Massoud Seliman said in an interview in the capital,
OilPrice
JULY 2, 2025
Oil markets kicked off the new year in a downbeat mood, with Wall Street analysts almost unanimously predicting a huge oversupply in 2025 even if OPEC+ did not add a single barrel back into the market. Well, it’s six months on, and oil markets have continued to defy these bearish expectations.
Oil & Gas 360º
JULY 2, 2025
(Oil & Gas 360) – Publisher’s Note: Prairie Operating will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. Off-Market Transaction Adds Existing Production, Tier-One Inventory, and Immediate Development Opportunities Houston, TX, July 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co.
OilPrice
JULY 2, 2025
Crude oil prices stabilized today as traders anticipate yet another 411,000-bpd boost in OPEC+ supply to be announced at the end of this week when the group meets, with downward pressure coming from the latest weekly U.S. inventory report. The American Petroleum Institute estimated a build of 680,000 barrels for the last full week of June, breaking a five-week string of draws totaling over 22 million barrels.
POWER Magazine
JULY 2, 2025
There is no room for missteps, miscommunication, or misunderstandings when it comes to nuclear maintenance. It demands precision, speed, and accountability. The tools and systems used during outages must function flawlessly, because when they don’t, the cost is more than money—it’s exposure, downtime, and slipping maintenance schedules. Some nuclear plants use a segmented model for […] The post Why Nuclear Maintenance Equipment Requires a Single-Source Solution appeared first on POWER Maga
OilPrice
JULY 2, 2025
Norwegian energy major Equinor has walked away from a third offshore wind development project in Australia in another blow to the federal government’s plan to build an offshore wind industry. Earlier this year, Equinor quietly walked away from the Bass Offshore Wind Energy project near the coast of Tasmania, as the oil and gas giant reduced its investments in renewables to boost returns for shareholders and adapt to an “uneven energy transition.
Enverus
JULY 2, 2025
CALGARY, Alberta (July 2, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages Generative AI across its solutions, has released its latest Fundamental Edge report. EIR’s report focuses on the outlook for oil and gas prices driven by supply and demand fundamentals, as well as the impact from OPEC actions, global oil demand, U.S. natural gas price outlook and the Iran-Israel conflict.
OilPrice
JULY 2, 2025
Supermajors ExxonMobil, Chevron, TotalEnergies, and Eni are competing in Libya’s first oil bid round in 18 years, Masoud Suleman, chairman of Libya’s National Oil Corporation (NOC), told Bloomberg in an interview published on Wednesday. Libya earlier this year launched its first oil and gas exploration tender since 2007, which is also the first since the civil war erupted in the country in 2011 after the toppling of Muammar Gaddafi.
EnergyTrend
JULY 2, 2025
EVE Energy Shenyang Base Officially Launches Operations OnJune30,EVEEnergy’sShenyangbase—itsfirstnewenergybatteryfacilityinLiaoning—enteredanewphaseofdevelopment.Threemajormilestonesweremarked:thetrialprodu.
OilPrice
JULY 2, 2025
Crude oil inventories in the United States increased by 3.8 million barrels during the week ending June 27, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 419 million barrels, roughly 9% below the five-year average for this time of year. Crude prices were trading up ahead of the report.
Marcellus Drilling News
JULY 2, 2025
Once again, the NYMEX natural gas front-month contract (for August) took a plunge, going down 32.40 cents (8.67%) over the last two trading sessions. On the bright side, the price, which closed at $3.4150/MMBtu yesterday, is 40% higher than this time last year. At least there’s that.
OilPrice
JULY 2, 2025
Russia’s natural gas exports to Europe via pipeline and LNG cargoes declined in the first half of 2025 from a year earlier as flows via Ukraine stopped and some buyers shunned Russian LNG. Total gas exports from Russia to Europe nearly halved to 8.33 billion cubic meters in the period January to June 2025, down from 15.5 billion cubic meters for the same period of 2024, when Russian gas was still flowing via a pipeline route through Ukraine, according to data compiled by Reuters.
Oil & Gas Magazine
JULY 2, 2025
Pemex liquida Pemex Finance en Islas Caimán y acelera el cierre de filiales para reducir costos, mejorar eficiencia y cumplir la nueva política energética estatal. Pemex extinguió Pemex Finance Limited , una de sus filiales más emblemáticas, radicada en el paraíso fiscal de Islas Caimán, utilizada durante 26 años para emitir deuda internacional sin tributar en México.
OilPrice
JULY 2, 2025
Via Metal Miner Ongoing geopolitical conflicts, including one active war, combined with market instability, declining steel demand in certain global regions and a rise in protective tariffs on exporting nations, have all come together to force some steel-producing countries, including China, to reassess and refocus their steel industry supply chains.
Oil & Gas Magazine
JULY 2, 2025
Un cierre del Estrecho de Hormuz por Irán generaría un shock petrolero global, con precios récord y efectos mixtos para Pemex, México y la economía mundial. Este análisis examina las implicaciones económicas globales y nacionales que tendría un cierre del Estrecho de Hormuz por parte de Irán, un escenario actualmente plausible ante las crecientes tensiones en Medio Oriente.
OilPrice
JULY 2, 2025
Wind and solar electricity generation in India rose at the fastest rate since 2022 over the first half of the year, with their combined share representing over 17% of the subcontinent’s energy mix in June, Reuters reported, based on an analysis of load dispatch data from New Delhi. Earlier in the year, India saw record-high power generation from solar plants between January and April, with solar electricity output soaring by 32.4% from a year earlier and keeping coal-fired generation essentially
Oil & Gas 360º
JULY 2, 2025
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OilPrice
JULY 2, 2025
The war with Israel last month decimated a senior echelon of Iran’s military leadership, crippled its air defenses, and exposed the vulnerability of its air force. Within days, Israel had established aerial superiority, paving the way for US air strikes on Iran’s nuclear sites. But the war also tested the limits of Iran’s alliance with Russia, which offered little more than diplomatic support to Tehran during the 12-day conflict.
Rigzone
JULY 2, 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 $65.50 +0.08% Brent Crude $67.24 +0.19% Natural Gas $3.49 +2.23% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW
OilPrice
JULY 2, 2025
India, the world’s third-largest crude oil importer, which depends on imports for about 85% of its daily consumption, considers building three new sites to raise its strategic petroleum reserves. Engineers India Ltd, a state-run engineering consultancy, is doing feasibility studies, L R Jain, chief executive at the state company managing the reserve, Indian Strategic Petroleum Reserve Ltd, told Reuters on Wednesday.
Marcellus Drilling News
JULY 2, 2025
Environment-related permitting in Pennsylvania, overseen by the Department of Environmental Protection (DEP), has been a hot mess for years. A Chapter 102 Erosion and Sedimentation permit sometimes takes two, three, or even six months for approval, instead of the policy-mandated 14 days. The DEP announced last November that it would soon implement the SPEED (Streamlining.
Rigzone
JULY 2, 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 $65.48 +0.05% Brent Crude $67.25 +0.21% Natural Gas $3.49 +2.08% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW
BOE Report
JULY 2, 2025
CALGARY, AB, July 2, 2025 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) announces that it has closed its previously announced agreement to acquire condensate-rich Montney assets in the Kakwa region in Alberta (the “Assets”) from Strathcona Resources Ltd. in an all-cash transaction valued at approximately $1.6 billion(1) (the “Transaction”).
Oil & Gas Magazine
JULY 2, 2025
La CFE realizó el primer pago por el transporte de gas natural a través del gasoducto Puerta al Sureste, operado por TC Energía. La Comisión Federal de Electricidad (CFE) realizó el primer pago por el servicio de transporte de gas natural mediante el gasoducto Puerta al Sureste, proyecto clave desarrollado por la empresa canadiense TC Energía. Este pago, correspondiente al mes de mayo, marca oficialmente la entrada en operación del sistema, considerado una de las infraestructuras energéticas más
BOE Report
JULY 2, 2025
U.S. net imports of crude oil rose to 4.6 million barrels per day (bpd), its highest since June 2024, data from the Energy Information Administration showed, as export tumbled due to a narrow spread between U.S. West Texas Intermediate crude and Brent. Net imports rose by 2.
Rigzone
JULY 2, 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 $67.39 -0.09% Brent Crude $68.99 -0.17% Natural Gas $3.52 +0.86% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW
OilPrice
JULY 2, 2025
Rumors that the Uzbek government is handing over farmland to Chinese investors keep bubbling up despite repeated and categorical denials from officials, putting Tashkent in an uncomfortable spot. The latest flare up came after a video made the rounds online purporting to show a local agricultural official threatening that the government would hand unproductive farmland over to Chinese investors, local outlet Kun.uz reported in mid-June.
Iraq Business News: Oil & Gas
JULY 2, 2025
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, held talks in Baghdad on Wednesday with Russian Ambassador Elbrus Kutrashev and a delegation from Russian energy giant Lukoil. The meeting focused on strengthening cooperation between Iraq and Russia in the oil, gas, and energy sectors. Also in attendance were Bassem Mohammed Khudair, Undersecretary for Extraction Affairs, and Bassem Tahir, Director General of the Petroleum Contracts and Licensing Directorate (PCLD) at the Ministry of Oil.
OilPrice
JULY 2, 2025
Chinese refiners continue to buy high volumes of crude oil from Iran, with first-half imports at the major port clusters estimated at nearly 1.4 million barrels per day (bpd), according to oil flow tracking data from Kpler cited by Bloomberg. Ports near industrial clusters Qingdao, Dalian, and Zhoushan are importing crude from Iran in several legs from the Persian Gulf via Malaysia with ship-to-ship (STS) transfers using shadow fleet vessels and tankers blacklisted by the United States.
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