OilPrice

JUNE 12, 2025

The UK’s grid operator has seen its balancing costs jump as more wind farms in Scotland are being paid not to produce electricity to not overburden the constrained network in the region. When wind generation is high in constrained regions of the network, such as Scotland, the National Energy System Operator (NESO) must take actions to turn down wind output and turn on replacement energy in unconstrained regions to keep the system balanced.

Operator 334

Operator Energy Energy IT 334

POWER Magazine

JUNE 12, 2025

Talen Energy has restructured and significantly expanded its nuclear energy agreement with Amazon Web Services (AWS), finalizing a 17-year, $18 billion power purchase agreement (PPA) that will supply up to […] The post Talen, Amazon Launch $18B Nuclear PPA—A Grid-Connected IPP Model for the Data Center Era appeared first on POWER Magazine.

Energy 323

Energy Energy IT Finance 323

OilPrice

JUNE 12, 2025

Egypt has finalized a sweeping series of liquefied natural gas (LNG) supply agreements with Saudi Aramco, Shell Plc, Trafigura, and several other major traders, as the country’s struggles to shift back to long-term net exporter, rather than importer amid a deepening domestic supply crunch, according to a Bloomberg report. State-owned Egyptian Natural Gas Holding Co.

Natural Gas 214

Natural Gas Gas 214

Egypt Oil & Gas

JUNE 12, 2025

Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well. Results from the well indicate the presence of oil-bearing layers in both the Alam El Bueib and Alamein reservoirs, with the oil-bearing layer reaching a thickness of 110

Petroleum 52

Petroleum BBL Crude Oil Completion 52

Oil & Gas 360º

JUNE 12, 2025

(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale. Developed by Fennex, an award-winning Aberdeen-based digital technology company, WindSafe was purpose-built to address the evolving challenges of high-risk offshore environments, with support from an innov

IT 130

IT Offshore Supply Chain Operator 130

Offshore Engineer

JUNE 12, 2025

Hai Long offshore wind project in Taiwan, jointly developed by Mitsui & Co, Northland Power, and Gentari, has produced first power, marking successful energization…

Offshore 51

Offshore 51

OilPrice

JUNE 12, 2025

TotalEnergies is forming a collaboration with French firm Mistral AI to accelerate the use of artificial intelligence tools to support the supermajor’s energy strategies, especially in low-carbon energy solutions and development. TotalEnergies and Mistral AI will set up a joint innovation lab, staffed by teams from both companies, the supermajor said on Thursday.

IT 144

IT Energy Energy 144

Oil & Gas Magazine

JUNE 12, 2025

La ICC México pidió que Pemex y CFE queden sujetas a la nueva ley antimonopolios para evitar distorsiones en el mercado y garantizar competencia efectiva. La International Chamber of Commerce México (ICC México) advirtió que Petróleos Mexicanos (Pemex) y la Comisión Federal de Electricidad (CFE) deben estar sujetas al marco legal de la próxima ley antimonopolios que se discutirá en el Congreso, como condición indispensable para evitar distorsiones en los mercados y preservar una competencia econ

E&A 102

E&A Downstream 102

Oil Review Middle East

JUNE 12, 2025

Kuwait's Ministry of Oil is set to host two strategic conferences this September focusing on digital transformation and asset integrity/process safety The 2nd Digital Transformation Kuwait Oil & Gas Conference will be held from 8–9 September 2025, followed by the inaugural Asset Integrity and Process Safety Kuwait Conference , taking place from 10–11 September 2025, both at the Jumeirah Messilah Hotel, Kuwait.

Downstream 52

Downstream Oil Upstream Midstream 52

OilPrice

JUNE 12, 2025

Senior Russian and Chinese officials have discussed LNG and pipeline gas supply from Russia to China and cooperation in joint energy projects, the Russian Energy Ministry said this week. Russian Energy Minister Sergei Tsivilev and Chinese Ambassador to Russia, Zhang Hanhui, discussed LNG deliveries, developing natural gas transportation infrastructure, and expanding cooperation in the oil and coal industries.

Natural Gas 161

Natural Gas Gas Pipeline Transportation 161

Rigzone

JUNE 12, 2025

Chancellor Reeves announced GBP 14.2 billion for Britain's first state-funded nuclear power station in nearly four decades, the 3.2-GW Sizewell C in Suffolk.

106

106

Oil & Gas 360º

JUNE 12, 2025

Natural Gas Inventories as of June 6, 2025 The EIA has released its natural gas inventory report, showing a net increase of 122 Bcf as of June 6, 2025. Working gas in storage was 2,707 Bcf as of Friday, June 6, 2025, according to EIA estimates. This represents a net increase of 109 Bcf from the previous week. Stocks were 256 Bcf less than last year at this time and 139 Bcf above the five-year average of 2,568 Bcf.

BCF 100

BCF Gas Natural Gas IT 100

Oil Gas Leads

JUNE 12, 2025

The outlook for Western Canada’s heavy oil sector in 2025 is decisively optimistic. After years of volatility and infrastructure constraints, a new wave of investment and activity is materializing—driven by strong operator sentiment, a rebound in permitting, and a long-awaited breakthrough in market access: the Trans Mountain Expansion (TMX) pipeline.

Oil 52

Oil Basin BBL Operator 52

Oil & Gas 360º

JUNE 12, 2025

(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Chevron U.S.A. Inc., a subsidiary of Chevron Corporation ( NYSE: CVX ), and Halliburton ( NYSE: HAL ) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention.

Hydraulic Fracturing 130

Hydraulic Fracturing Completion Crude Oil Natural Gas 130

OilPrice

JUNE 12, 2025

Alberta is working to engage private backers for a new pipeline to ship about 1 million barrels per day (bpd) of crude from Canada’s oil-producing province to British Columbia on the West Coast, Alberta Premier Danielle Smith has said. The pipeline would run from the oil sands in Alberta to the Port of Prince Rupert on British Columbia’s northwest coast, and to international markets afterwards, according to the plans of the province.

Pipeline 320

Pipeline Oil Barrel IT 320

Offshore Engineer

JUNE 12, 2025

The first crude cargo from Guyana's fourth oil production facility, which arrived in the country in April and is being installed, is set to be exported between late August and early September…

Oil 66

Oil 66

Iraq Business News: Oil & Gas

JUNE 12, 2025

By Nicholas Oakes, for the International Policy Digest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. From Pipeline to Policy: Iraq's Quiet Return to Global Energy Relevance Recent deals with China, India, and France point to a strategic effort to diversify trade partnerships, hedging Baghdad's economic future between Eastern and Western powers.

Energy 64

Energy Energy Pipeline Oil 64

Rigzone

JUNE 12, 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 $68.16 +0.01% Brent Crude $69.53 -0.34% Natural Gas $3.52 +0.29% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Supply Chain 62

Supply Chain Utilities Manufacturing Energy 62

OilPrice

JUNE 12, 2025

Crude oil prices dropped back slightly on Thursday, after jumping by 4% on Wednesday to hit the highest in two months on the news that the U.S. was pulling out its staff from the embassy in Baghdad. The drop was driven by profit-taking, but bullish sentiment remains. At the time of writing, Brent crude was trading at $68.95 per barrel, with West Texas Intermediate at $67.41 per barrel, after on Wednesday Iran’s defense minister threatened strikes on U.S. bases in the region in case the nuclear t

Oil 157

Oil Crude Oil Barrel Casing 157

Offshore Engineer

JUNE 12, 2025

JDR Cable Systems (JDR), part of the TFKable Group, has completed two new type test qualifications at 132kV for static and dynamic array cables, supporting the next…

Offshore 53

Offshore Completion 53

Marcellus Drilling News

JUNE 12, 2025

The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities recently issued a report reviewing how the country’s Bulk-Power System performed well during successive cold weather events in January 2025. The report found that the system was a stellar performer, with no significant issues in either the natural.

Energy 156

Energy Energy IT Midstream 156

Oil Gas Leads

JUNE 12, 2025

In a year marked by falling oil prices and industry-wide cutbacks, Permian Resources has emerged as a rare success story. While many oil and gas giants slipped in the Forbes Global 2000 rankings amid a 15% drop in crude prices and rig reductions across the U.S., this young, fast-growing operator made its debut at No. 1762. Led by co-CEOs Will Hickey and James Walter—both under 40—Permian Resources has quickly become the largest pure-play producer in the Delaware Basin, proving that bold strategy

Basin 52

Basin Operator Oil Gas 52

Enverus

JUNE 12, 2025

Westinghouse’s CEO revealed talks with U.S. officials this week to deploy 10 large nuclear reactors as part of a broader push to back nuclear energy as data centers drive energy demand skyward. Soon after, AMZN unveiled a $20 billion plan to build data centers in Pennsylvania, including one adjacent to the Susquehanna nuclear plant with which it recently partnered.

Supply Chain 208

Supply Chain Energy Energy Natural Gas 208

Offshore Engineer

JUNE 12, 2025

JERA, Japan's biggest power generator, has agreed to new supply deals for U.S.

Natural Gas 45

Natural Gas Gas IT 45

OilPrice

JUNE 12, 2025

The expanded Trans Mountain pipeline in Canada could raise its capacity by another 75,000 barrels per day (bpd) by early 2027, which could potentially increase Canadian crude oil exports from its Pacific Coast to non-U.S. customers. In a potential first stage of a further capacity increase, the pipeline – currently owned by the Canadian federal government – could raise the volume throughput by using chemicals to help crude flow more easily, Mark Maki, chief executive of Trans Mountain, said at a

Pipeline 134

Pipeline Crude Oil Barrel Government 134

Oil & Gas Magazine

JUNE 12, 2025

Empresas tabasqueñas exigen el pago de más de 3 mil mdp por parte de Pemex; CANACINTRA advierte pérdida de empleos y migración de talento. La deuda de Petróleos Mexicanos (Pemex) con empresas proveedoras de Tabasco supera los 3 mil millones de pesos , según informó Katia Ornelas Gil , secretaria de Turismo y Desarrollo Económico del estado. Al menos 20 empresas locales han solicitado apoyo institucional para gestionar los pagos , lo que ha movilizado a las cámaras empresariales y autoridades est

Upstream 115

Upstream 115

BOE Report

JUNE 12, 2025

CALGARY, Alberta, June 12, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has now safely ramped up production at its Christina Lake oil sands asset following wildfire activity in the area. Production operations restarted on June 3 and production was ramped up over the course of the week.

Energy 58

Energy Energy Operator Oil 58

Offshore Energies UK

JUNE 12, 2025

Cumulative investment in carbon capture and storage (CCS) is expected to reach $80bn over the next five years as capacity quadruples, according to a new report by Norwegian energy expert and assurance provider DNV. In its Energy Transition Outlook: CCS to 2050 it says that so far growth has mostly come from pilot projects. Europe’s strong price incentives will lead it to overtake North America in CCS deployment, the report finds, as the industry is reliant on policy support.

Offshore 52

Offshore Energy Energy IT 52

BOE Report

JUNE 12, 2025

HOUSTON–(BUSINESS WIRE)–Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Halliburton (NYSE: HAL) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention.

Hydraulic Fracturing 100

Hydraulic Fracturing Completion Energy Energy 100

Offshore Engineer

JUNE 12, 2025

Norwegian oil and gas operator DNO has completed the acquisition of Sval Energi Group from HitecVision, picking up 16 producing fields in Norway and quadrupling its North Sea production to 80…

Energy 45

Energy Energy Field Completion 45

CNBC: Energy

JUNE 12, 2025

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Oil 83

Oil Gas Finance Upstream 83

Offshore Engineer

JUNE 12, 2025

TotalEnergies and its partners have signed a production sharing contract (PSC) extension for Block 17, located in deep waters offshore Angola.

Offshore 45

Offshore IT 45

OilPrice

JUNE 12, 2025

Energy Secretary Chris Wright does not expect U.S. crude oil production to decline in 2026, although the Energy Information Administration forecast such a development. “That is a projection — we don’t know what’s going to happen next year,” Wright told Bloomberg in an interview. “We have seen weak prices for a few months, and if prices are too low for an economic incentive, you’ll see some drilling reduce on the margin.

Oil 197

Oil Crude Oil Energy Energy 197

Rigzone

JUNE 12, 2025

NewMed Energy and OMV Petrom have agreed to drill another prospect in the Han Asparuh block on Bulgaria's side of the Black Sea, after approving their first as new partners in March.

Energy 62

Energy Energy 62

Oil Gas Leads

JUNE 12, 2025

Occidental Petroleum (Oxy), one of the largest producers in the Permian Basin, continues to refine its asset portfolio by divesting select non-core operations in West Texas. In a recent move, air permits tied to two key oil & gas facilities in Loving County have been officially transferred to Greenlake Energy Operating LLC , marking another milestone in Greenlake’s rapid emergence as a nimble, low-cost operator in the Permian.

Basin 52

Basin Energy Energy Field 52

Rigzone

JUNE 12, 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 $72.98 +7.26% Brent Crude $74.23 +7.02% Natural Gas $3.58 +2.55% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Oil 92

Oil Barrel Gas Natural Gas 92

Marcellus Drilling News

JUNE 12, 2025

According to a former New Jersey Board of Public Utilities commissioner who was first appointed by Republican Gov. Chris Christie and later reappointed by Democrat Gov. Phil Murphy, New Jersey’s energy policy has “gone off the rails” due to the lack of fact-based planning. The former commissioner, Mary-Anna Holden, should know. She’s someone with a.

Energy 215

Energy Energy Utilities 215