POWER Magazine

JULY 8, 2025

Recurrent Energy, a subsidiary of Canadian Solar, and a global developer, owner, and operator of solar and energy storage assets, on July 7 announced that the 1,200-MWh Papago Storage facility in Maricopa County, Arizona, has reached commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), the state’s largest electric utility, […] The post Recurrent Energy Brings Major Arizona Energy Storage Project Online appeared first on POWER Magazine.

Energy

OilPrice

JULY 8, 2025

Africa’s upstream oil and gas sector is undergoing a transformative shift. In recent years, majors have scaled back their exposure to mature, non-core assets across the continent, opening the door for a new wave of regional independents, traders, and non-African national oil companies (NOCs) to step in as consolidators and value creators. Angola and Nigeria have been the epicenters of this consolidation wave.

Gas

Offshore Energies UK

JULY 8, 2025

Crondall Energy’s SafeMoor technology has been selected as the winning solution for the Innovation Exchange Challenge on anchor monitoring, run by Offshore Renewable Energy (ORE) Catapult and Flotation Energy, with support from Innovate UK. “Crondall Energy’s SafeMoor solution is an exciting and innovative response to one of floating offshore wind’s critical challenges.

Energy

OilPrice

JULY 8, 2025

The U.S. Department of Energy has warned that blackouts could increase substantially in the coming years unless more baseload capacity is added to the grid. The department issued its warning in a report that said the premature retirement of generation capacity and the delay in replacing that capacity with new baseload facilities had created a mismatch between demand and supply.

Energy

Offshore Engineer

JULY 8, 2025

Vår Energi has entered into a collaboration agreement with TechnipFMC Norge for delivery of subsea projects utilizing its integrated model to fast-track future developments…

Field

OilPrice

JULY 8, 2025

OPEC+ never fails to surprise speculators and market analysts. This weekend’s meeting to decide August production levels was expected to be a short routine video call to announce another output hike of 411,000 barrels per day (bpd). Short it was, but the size of the increase for August was bigger than expected— 548,000 bpd. The eight OPEC+ members that are unwinding the cuts are expected to make another supersized increase in September, with which the 2.

Oil

Energy Outlook Advisors

JULY 8, 2025

The EU natural gas market in late 2025 is expected to face tight supply due to lost Russian pipeline gas, low storage, LNG competition from Asia, and possibly higher gas demand that expected if renewables do not deliver. Prices are expected to increase, potentially exceeding €45/MWh under certain scenarios, especially if hurricanes disrupt LNG shipments from the Gulf of America Share Strong injection demand persisted across Europe in June, as storage operators accelerated refill efforts fo

Gas

Rigzone

JULY 8, 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 $68.71 +1.15% Brent Crude $70.46 +1.26% Natural Gas $3.35 -1.82% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Energy

OilPrice

JULY 8, 2025

Oil prices climbed Tuesday, hovering near two-week highs as markets absorbed the impact of a larger-than-expected OPEC+ production increase and ongoing uncertainty around US trade policy. As of mid-afternoon, Brent crude was up 89 cents at $70.47 per barrel, while US West Texas Intermediate rose 80 cents to $68.73. Both benchmarks are on track for their highest close since June 24.

Oil

BOE Report

JULY 8, 2025

U.S. natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105.

Dry Gas

OilPrice

JULY 8, 2025

Previously, we reported that natural gas at the Waha hub was selling for near-zero or sub-zero prices for much of 2024 thanks in large part to excess natural gas production in the Permian Basin coupled with limited takeaway capacity due to a shortage of gas pipelines. Indeed, prices at the hub spent half the year in negative territory, sinking to all-time low -$7/mmbtu at the end of August.

Pipeline

Novi

JULY 8, 2025

The Unconventional Resources Technology Conference (URTeC) 2025 wrapped up in Houston last month, and our team returned with mixed impressions. While the energy sector navigates consolidation and uncertainty, this year’s event revealed both challenges and opportunities, particularly for companies like Novi that are pushing the boundaries of what’s possible in unconventional development.

Basin

OilPrice

JULY 8, 2025

Earlier this week, Shell warned its second-quarter earnings would be weaker due to lower trade in gas and oil derivatives. Now, Exxon has joined its peer in the warning series, saying weaker oil and gas prices during the second quarter would affect its financial results, and rather substantially, at that. Big Oil is having a difficult moment. The question is whether it would extend in time.

Oil

Oilfield Technology

JULY 8, 2025

The agreement provides a framework for bp to assess a range of technical data and to effectively work with NOC to evaluate presented opportunities and determine the feasibility of future development and exploration programmes.

OilPrice

JULY 8, 2025

Libya’s National Oil Corporation (NOC) has signed agreements with supermajors BP and Shell to explore and evaluate the oil and gas potential of several fields in the African country, marking another step in Big Oil returning to doing business in Libya. NOC signed this week a memorandum of understanding with BP under which the UK-based supermajor will conduct studies to assess the potential for hydrocarbon exploration and production in the Messla and Sarir fields, as well as in some surrounding e

Exploration and Production

Marcellus Drilling News

JULY 8, 2025

OTHER U.S. REGIONS: US proposes rules that could boost oil, gas output in US West; Elon Musk confirms buying overseas power plant, shipping it to Memphis for xAI; LNG boom hits a snag in Louisiana’s crowded waterways; NATIONAL: Dallas Fed energy survey shows oil, gas activity contraction; Imports made up 17% of U.S. energy supply.

Energy

OilPrice

JULY 8, 2025

Oil prices have inched up, but the EIA says don’t get used to it. The July Short-Term Energy Outlook (STEO) raised its 2025 Brent forecast by $3 to $69/bbl, citing a spike in geopolitical risk from the mid-June Iran nuclear conflict. But that bump is expected to be short-lived. With inventories building, the agency sees Brent falling to $58/bbl in 2026—a dollar lower than last month’s projection.

BBL

POWER Magazine

JULY 8, 2025

A new paper titled “Facilitating Global Deployment of Floating Nuclear Power Plants” has been published by World Nuclear Association’s Cooperation in Reactor Design Evaluation and Licensing (CORDEL) Working Group. This paper highlights the benefits of the technology and focuses on progress made in the regulatory space, which is required for their international deployment.

RBN Energy

JULY 8, 2025

The Marcellus/Utica has massive natural gas reserves, but daily, weekly and annual production in the three-state shale play is limited by three key factors: in-region demand, takeaway capacity and gas prices. In recent years, the basin’s output has been rangebound between 34 and 36 Bcf/d and Appalachian producers see only modest gains in 2025. But a handful of pipeline projects and rising gas demand from power generators suggest the Marcellus/Utica may finally be on the verge of a production bre

Basin

OilPrice

JULY 8, 2025

U.S. LNG exporter Venture Global is cashing in on its recently launched Plaquemines LNG plant, which has yet to be commissioned, by selling cargoes on the spot market, making much more money from the facility than the commissioned Calcasieu Pass plant which now sells LNG under long-term contracts. In December 2024, Venture Global reached first LNG production at its second facility, Plaquemines LNG, in Port Sulphur, Louisiana.

IT

Oil Gas Leads

JULY 8, 2025

Executive Summary: Williston Basin Operator Activity (2023–2025) The Williston Basin remains a critical component of U.S. oil production, delivering approximately 1.2–1.3 million barrels of oil per day as of Q1 2025. While overshadowed by the Permian in recent headlines, the Bakken and Three Forks formations continue to attract strategic investment from both public and private operators focused on efficient, mature asset development.

Basin

OilPrice

JULY 8, 2025

The European Parliament approved on Tuesday eased rules and targets for natural gas storage refills in the EU in a move aimed at preventing price spikes. Earlier this year, the EU member states agreed to ease the bloc’s natural gas storage targets by allowing a 10 percentage point deviation in the 90% full storage goal. The greater flexibility comes in response to the fears of several large gas-consuming nations in Europe that they would have to either subsidize storage filling when it’s unecono

Natural Gas

Offshore Energies UK

JULY 8, 2025

OEUK’s Head of Policy, Enrique Cornejo, said: “It’s great to see the National Wealth Fund investing £28.6 million in new carbon dioxide pipelines to link cement and lime producers in the Peak cluster to the Morecambe Net Zero carbon storage site. “By repurposing Morecambe’s gas fields into a major carbon store, this project shows how oil and gas infrastructure can help cut emissions from manufacturing, protect jobs, and unlock new markets for low carbon products.

Transportation

Permian Basin Oil and Gas Magazine

JULY 8, 2025

Counts of active oil and gas drilling rigs in U.S. and Permian Basin continue to fall, according to the latest report from Baker Hughes. As of July 3, there were 539 rigs in U.S. (down 8 from 547 last week and down 46 or 7.9 percent from 585 a year ago) and 265 rigs in Permian Basin (down 5 from 270 last week and down 40 or 13.1 percent from 305 a year ago).

Drilling rig

Octopus Energy

JULY 8, 2025

Find out everything you need to know about solar panels for your business. Read about the benefits, practicalities and how to make the most of them for you.

OilPrice

JULY 8, 2025

The bilateral relationship between the U.S. and Colombia has continued to worsen, with both countries recalling their top diplomats last week amid an alleged plot against Colombia’s President Gustavo Petro. Washington acted first, recalling charge d’affaires John McNamara on Thursday, with State Department spokesperson Tammy Bruce saying the move was taken “following baseless and reprehensible statements from the highest levels of the government of Colombia.

Government

BOE Report

JULY 8, 2025

(The opinions expressed here are those of the author, a columnist for Reuters.) *OPEC+ to increase output target by 2.

Oil

Oil & Gas 360º

JULY 8, 2025

(BOE Report) – Oil prices retreated on Tuesday after rising almost 2% in the previous session as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ output hike for August. Brent crude futures dipped 22 cents, or 0.3%, at $69.36 a barrel by 0330 GMT. U.S. West Texas Intermediate crude fell 27 cents, or 0.4%, at $67.66 a barrel.

Oil

Enverus

JULY 8, 2025

AUSTIN, Texas (July 8, 2025) — As shifting interest rates, commodity volatility, capital constraints and rising consolidation redefine the minerals and royalties market, Enverus invites journalists and industry professionals to attend its “2025 Mid-Year Minerals Market Outlook” webinar at 1:00 p.m. CT on July 15, 2025. This virtual event will deliver exclusive insights from Enverus experts on the key factors shaping the second half of the year—and what they mean for mineral owners, managers and

Upstream

POWER Magazine

JULY 8, 2025

Utilities operate in high-stakes environments where operational resilience, infrastructure reliability, and workforce efficiency are essential for maintaining uninterrupted service. Cutting-edge field service management technology enhances field operations, improves safety, and streamlines emergency response with scalable automation, seamless geographic information system (GIS) integration, and predictive field service intelligence, ensuring efficiency and reliability in even the most […]

Field

Offshore Engineer

JULY 8, 2025

A consortium led by ExxonMobil has found a reservoir of natural gas at a prospect off the island's coast, a Cypriot government spokesperson said on Monday.

Natural Gas

Rigzone

JULY 8, 2025

The British energy giants signed agreements with Libya's National Oil Corp. to study new opportunities, joining international majors accelerating their return to the oil-rich African nation.

Oil

Offshore Engineer

JULY 8, 2025

Norwegian shipowner Rem Offshore has launched the hull for its dual-fuel methanol energy subsea construction vessel (ESCV) Rem Pioneer in Vietnam, months ahead of schedule…

Offshore

BOE Report

JULY 8, 2025

The U.S. will produce less oil in 2025 than previously expected as declining oil prices have prompted U.S. producers to slow activity this year, the Energy Information Administration forecast on Tuesday in a monthly report. The world’s largest oil producer is projected to produce 13.

Oil

Permian Basin Oil and Gas Magazine

JULY 8, 2025

More than two dozen class-action lawsuits have been filed in New Mexico’s U.S. District Court alleging that some of the nation’s largest oil producers have colluded in recent years to artificially increase the price of crude oil. The Santa Fe New Mexican reported last week some of the lawsuits have been combined and allege “the companies have violated federal and state antitrust laws in a yearslong conspiracy to constrain oil production to prop up the price of crude oil and maximize profits at

Crude Oil

Offshore Energies UK

JULY 8, 2025

THREE60 Energy, a global life cycle solutions company specialising in engineering, operations and systems, has announced its financial results for the year ending 31 December 2024; last year was the strongest year of growth to date with revenue increasing by 36% year-on-year to £181.7 million, while EBITDA rose by 82% to £11.3 million. The company also recorded an operating profit of £2.6 million, a 30% increase on the previous year, with growth in non-project service lines and increased tenderi

Energy

Permian Basin Oil and Gas Magazine

JULY 8, 2025

National Public Radio reported last week visitors come to west Texas to experience a vanishing natural resource: “some of the darkest nighttime skies in the world.” Reporting from McDonald Observatory and Davis Mountains State Park, NPR said July 1 astronomers and conservationists in the region have partnered with cities and counties on lighting ordinances to reduce light pollution.

Operator