OilPrice
JUNE 2, 2025
In a market increasingly governed by geopolitical tremors and macroeconomic mismatches, crude oil dipping below $65 per barrel seems like a gift to global consumers. But behind that price tag lies a slow-moving crisis for U.S. shale producers, many of whom are being forced to pull back on production, delay capital projects, and recalculate what sustainability means in a low-margin world.
POWER Magazine
JUNE 2, 2025
I have spent years in law firms and in-house legal departments counseling clients in the energy sector with respect to their contracts and the related process they utilize in papering […] The post Papering Energy: Do Your Contracts Have the Right Power? appeared first on POWER Magazine.
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OilPrice
JUNE 2, 2025
It is highly unlikely that anyone with even a modicum of intelligence has lost money in the past ten years or so by trading against the predictable thinking of those in charge of Saudi Arabias oil policy. Quite the reverse, in fact, with enormous profits available from the failures of the enormously well-flagged and exceptionally predictable strategy of the 2014-2016 and 2020 Oil Price Wars -- launched by the Kingdom with the intention of destroying or disabling the U.S.
Marcellus Drilling News
JUNE 2, 2025
In February, MDN brought you the rumor that Canadian pension fund CPP Investments, the majority owner of Encino Acquisition Partners (aka Encino Energy), was considering either a sale of the company or possibly an initial public offering (see Shocker: Encino Energy Considers Sale or Possible IPO for $7B). The rumor was right. On Friday, EOG.
OilPrice
JUNE 2, 2025
During a meeting with oil and gas executives in Canadas oil-producing province of Alberta, Canadian Prime Minister Mark Carney pledged that the federal government would work to fast-track major projects to make Canada an energy superpower. We met with leaders in clean and conventional energy today in Calgary. We all agree: its time to build, Carney posted on X after the meeting.
Marcellus Drilling News
JUNE 2, 2025
This is ingenious and yet another example of how free market capitalism is superior to every other economic system on earth. You likely know that artificial intelligence (AI) and the data centers that are needed to offer AI to the masses have some downsides. Namely, data centers (and the gas-fired power plants that power them).
OilPrice
JUNE 2, 2025
Despite European politicians' efforts to reduce Russia's natural gas dominance in national markets, the reality is quite the opposite. The media often highlights the obstructive policies of Eastern European and Balkan countries like Slovakia and Hungary. However, the bigger picture reveals that Brussels and its bureaucrats face a significant challenge.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
JUNE 2, 2025
Oil prices climbed on Monday morning despite expectations that OPEC+ will continue to boost production in the coming months. Morgan Stanley commodity analysts expect OPEC+ to make three new monthly boosts to its output, returning all 2.2 million bpd it agreed to remove from the market in 2022, by October. This will keep oil prices lower, the bank noted, writing that With this latest announcement, there is little sign that the pace of quota increases is slowing down, as quoted by Bloomberg.
Marcellus Drilling News
JUNE 2, 2025
Last week, for the fifth week in a row, the Baker Hughes U.S. rig count dropped, down another three rigs to its lowest level since November 2021. There were changes among the Marcellus/Utica states, too. The combined M-U count dropped by one to 36 active rigs. The Pennsylvania Marcellus gained one rig, now at 18.
OilPrice
JUNE 2, 2025
The U.S. is off to a strong start to the driving season as the slump in oil prices in recent weeks has led to the lowest gasoline prices for Memorial Day weekend in four years. Gasoline demand was strong over the holiday weekend, which ushers in the start of the period of peak demand in the United States and the rest of the northern hemisphere.
Marcellus Drilling News
JUNE 2, 2025
Last week, Sempra announced that the U.S. Department of Energy (DOE) issued a permit to the company’s Port Arthur LNG Phase 2 development project to allow the export of up to 13.5 million tonnes per annum (MTPA) of U.S.-produced liquefied natural gas (LNG) to countries that do not have a free-trade agreement (FTA) with the.
OilPrice
JUNE 2, 2025
Iran has substantially increased its stockpile of uranium enriched to near weapons-grade levels in recent months, multiple media outlets cited a report from the International Atomic Energy Agency (IAEA) as saying, likely raising further doubts about a potential deal with the United States on Tehran's nuclear program. Israel reacted swiftly, with Prime Minister Benjamin Netanyahu's office saying the UN nuclear watchdog's confidential May 31 report showed that Iran is pursuing nuclear weapons.
Malcolm Graham Wood
JUNE 2, 2025
Oil is up two bucks on the Opec production increase. Kistos has canceled the remaining hybrid bonds and Balder is just round the corner. Sunda has results, Jadestone hire a new CEO and Tower also have figures. The post Oil price, Kistos, Sunda, Jadestone, Tower. And finally… appeared first on Malcy's Blog.
OilPrice
JUNE 2, 2025
This weekend, OPEC+ agreed to add another 411,000 barrels daily to its combined output. The decision came amid expectations of a bigger hike that had weighed on energy stocks prior to the latest meeting of the group. But that wasnt all. Following the OPEC+ decision, oil prices actually jumped. The oil market just remembered that geopolitics exists. That OPEC+ was going to raise its output for another month was already clear, so the hike was not really a surprise.
SmartBrief
JUNE 2, 2025
Is your marketing brain spinning? Mine is. I recently put together a brief talk on five top B2B marketing trends for a SmartBrief B2B webinar , and during the couple of weeks or so I spent pulling the trends together, I had to adjust and/or add notes and nuances to nearly all of them. So, before this piece becomes outdated, lets take a look at five B2B marketing trends.
OilPrice
JUNE 2, 2025
The national average price of gasoline in the United States has declined by 3.8 cents over the past week, now standing at $3.09 per gallon, according to GasBuddy's latest report. Patrick De Haan, head of petroleum analysis at GasBuddy, noted, "The national average has seen a modest decline, but with oil prices rising again, we could see the trend reverse in the coming weeks.
Oil & Gas Magazine
JUNE 2, 2025
Claudia Sheinbaum justific los despidos en Pemex como parte de su plan de integracin vertical, prometiendo liquidaciones legales y eficiencia en la empresa estatal. Durante su conferencia matutina, la presidenta Claudia Sheinbaum abord los despidos de personal de confianza en Petrleos Mexicanos (Pemex), como parte del proceso de reestructuracin administrativa enfocado en lograr una integracin vertical de la empresa.
OilPrice
JUNE 2, 2025
Abu Dhabis national oil company, ADNOC, forecasts lower export volumes of its flagship Murban crude between August 2025 and May 2026, as it plans to process higher volumes of the grade domestically. ADNOC plans to export 1.705 million barrels per day (bpd) of Murban Crude in August, down by 65,000 bpd compared to the previous schedule, Reuters reports, citing an ADNOC report.
Oil & Gas 360º
JUNE 2, 2025
(World Oil) – bp Plc appointed oil industry veteran Dave Hager to the board, bolstering its efforts to refocus on fossil fuels and keep investors on side. Hager has been in the sector for more than 40 years, recently leading U.S. shale producer Devon Energy Corp. as chief executive and then executive chairman. Hell bring oil and gas expertise to a board that currently features little of it.
OilPrice
JUNE 2, 2025
Delegations from Ukraine and Russia have begun to meet in Istanbul for a second round of direct peace talks amid low expectations of a breakthrough as air attacks by both sides continue in Europe's largest and deadliest conflict since World War II. Russian state media reported that the talks between negotiating teams began around 14:45 local time in Istanbul on June 2, a day after Ukraine wiped out dozens of long-range Russian bombers with hoards of drones launched remotely after being smuggled
Oil & Gas 360º
JUNE 2, 2025
(Oil Price) –During a meeting with oil and gas executives in Canadas oil-producing province of Alberta, Canadian Prime Minister Mark Carney pledged that the federal government would work to fast-track major projects to make Canada an energy superpower. We met with leaders in clean and conventional energy today in Calgary. We all agree: its time to build, Carney posted on X after the meeting.
OilPrice
JUNE 2, 2025
Canadas Alberta province is facing one of its worst early-season wildfire crises in recent memory, with industry officials confirming on Monday that over 50% of the provinces oil production has been forced offline as flames sweep through critical infrastructure zones. The shutdown equates to roughly 1.3 million barrels per day, sending shockwaves through global energy markets, Bloomberg reported.
Oil & Gas 360º
JUNE 2, 2025
(World Oil) – Baker Hughes and Cactus, a global manufacturer of pressure control equipment for oil and gas drilling, have entered a new joint venture involving Baker Hughes’ surface pressure control (SPC) product line. Cactus will own 65% of the JV, while Baker Hughes will retain a 35% stake. The joint venture will operate independently from Cactus existing Pressure Control business and will focus on maintaining its leadership position in the international market for surface wellhead
OilPrice
JUNE 2, 2025
Russias natural gas deliveries via pipeline to Europe jumped by 10.3% in May compared to April, data calculated by Reuters showed on Monday. Last month, Russias gas giant Gazprom sent 46.0 million cubic meters of natural gas via the only remaining route to Europe TurkStream, per the Reuters estimates based on data from Entsog, the European gas transmission group.
Enverus
JUNE 2, 2025
More than 700 energy professionals, innovators and thought leaders gathered in Houston in mid-May for the Enverus EVOLVE 2025 Conference. With attendees representing more than 350 companies, ranging from oil and gas producers to power generators to cloud providers, the event served as a dynamic forum for exploring the future of energy. One presentation in particular sparked debate, piqued curiosity and provided attendees with data-driven insights on what the future holds for energy: Enverus 2050
OilPrice
JUNE 2, 2025
Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the aftermath of a massive Ukrainian drone strike on four Russian military airports overnight. Overnight, Ukrainian drone attacks targeted Russia's Kursk and Voronezh regions, igniting fires in residential buildings, causing significant disruptions to highway traffic and reportedly destroying over 40 aircraft in the process.
BOE Report
JUNE 2, 2025
CALGARY – Cenovus Energy Inc. says only essential personnel are at its Christina Lake oilsands operations where it has shut production due to the wildfires in northern Alberta. The company says it began the work to shut in production at Christina Lake on May 29.
OilPrice
JUNE 2, 2025
Via Metal Miner The copper market outlook for the second half of 2025 has seen significant debate in recent weeks. On the supply side of the equation, new production is coming online. However, this may not happen fast enough to flood the market. According to mining.com, the ICSG projects global mined copper output will rise about 2.3% in 2025, topping 23.5 million metric tons as several major projects ramp up.
BOE Report
JUNE 2, 2025
SASKATOON – Ontario Premier Doug Ford said Monday’s gathering of the country’s premiers to talk over nation-building projects with Prime Minister Mark Carney was the “best” they have had in the last decade.
OilPrice
JUNE 2, 2025
In his 2003 State of the Union address, President George W. Bush offered a bold vision of a cleaner energy future. Standing before Congress and the nation, he announced a $1.2 billion initiative to develop hydrogen-powered vehicles, proclaiming that the first car driven by a child born today could be powered by hydrogen and pollution-free. The appeal was clear: a shift away from imported oil and a meaningful reduction in vehicle emissions.
Rigzone
JUNE 2, 2025
The transaction is expected to close in the second half.
OilPrice
JUNE 2, 2025
The Kashagan oilfield, which began production in 2013, is expected to hit the landmark 1 billion barrels of cumulative production by the end of the year, according to Kazakhstan media. Kashagan is located in the North Caspian Sea in Kazakhstan and is one of the biggest oil discoveries globally of the past 50 years. The oilfield has approximately 35 billion barrels of oil in place, of which nearly half are estimated to be recoverable.
Rigzone
JUNE 2, 2025
'The gradual increases may be paused or reversed subject to evolving market conditions', a statement posted on OPEC's website noted.
OilPrice
JUNE 2, 2025
A $570-billion German asset manager has sold all its shares in ExxonMobil as it has found the U.S. supermajor doesnt have strong enough climate targets, a senior executive told the Financial Times. Union Investment, one of Germanys top investors with nearly $570 billion (500 billion euros) in assets under management as of September 2024, has divested its stake in Exxon, as well as in another U.S. oil and gas producer, EOG Resources, due to what the investor says are insufficient targets to reduc
Oil & Gas Magazine
JUNE 2, 2025
La planta de TYW Manufacturing en Guanajuato producir tableros automotrices destinados a mercados como Corea y Estados Unidos, para las marcas Kia y Stellantis El gobierno de Guanajuato , encabezado por Libia Dennise Garca Muoz Ledo, inaugur la nueva planta de la empresa china TYW Manufacturing , dedicada a la produccin de tableros de instrumentos electrnicos para automviles para la que se necesit una inversin de 50 millones de dlares.
OilPrice
JUNE 2, 2025
Make UK, a manufacturing industry body, has warned that sky-high energy costs for industrial consumers are compromising the countrys future in manufacturing. The UK has the highest energy costs in the developed world because of successive governments efforts to shift the economy from hydrocarbons to wind, solar, and batteries that require heavy subsidization through a combination of incentives and higher taxes, including carbon taxes on gas generators.
Cisco: Oil & Gas
JUNE 2, 2025
Flexibility, collaboration, and modularity are defining the next wave of enterprise IT Enterprise infrastructure strategy is entering a new phaseone where the goal is no longer just centralization or consolidation, but intelligent distribution. IT leaders are now balancing performance, governance, and agility across environments that span on-prem, cloud, and edge.
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