Enverus

JULY 7, 2025

EVOLVE 2025 brought together leading voices across energy trading, analytics and clean fuels to unpack today’s most pressing market dynamics. From evolving benchmarks to retail analytics, one thing rang loud and clear: adaptation isn’t optional, it’s strategic. We attended four of the most impactful sessions and distilled the must-know insights for traders navigating a market shaped by geopolitical shocks, credit risk, benchmark shifts and clean energy disruption.

Exploration and Production 130

Exploration and Production Supply Chain Instrumentation Operator 130

True Natural Gas

JULY 7, 2025

Natural gas is one of the world’s most important energy resources—cleaner-burning than coal and oil, and a reliable source of heat, electricity, and industrial power. But where does it actually come from? Let’s explore where natural gas is found, both on a global scale and right here in the U.S. Global Reserves: The Big Picture Natural gas is formed deep beneath the earth’s surface over millions of years, as organic material is exposed to heat and pressure.

Natural Gas 100

Natural Gas Gas Hydraulic Fracturing Field 100

OilPrice

JULY 7, 2025

The government of Cyprus has confirmed a new natural gas discovery in the Pegasus-1 well located in Block 10, operated by ExxonMobil and its partner QatarEnergy. The well intersected approximately 350 meters of gas-bearing reservoir at a depth of 1.9 kilometers, according to government spokesperson Konstantinos Letymbiotis. Drilling was carried out by the Stena Forth drillship and concluded in late June.

Gas 302

Gas Natural Gas Government Operator 302

Iraq Business News: Oil & Gas

JULY 7, 2025

By John Lee. The Dhi Qar Oil Company (DQOC) has launched a comprehensive production plan to develop three key oil fields in Iraq's Dhi Qar province: Nasiriyah , Saba [Subba], and Garraf [Gharraf]. General Manager Sa'id Zgair Shalaka told the state-run Iraqi News Agency (INA) that the company has increased output from the Nasiriyah and Subba fields - both operated by national effort - with seven new wells added at Nasiriyah, raising production from 52,000 to 70,000 barrels per day (bpd).

Field 59

Field Completion Associated Gas Operator 59

OilPrice

JULY 7, 2025

The eight OPEC+ producers withholding supply to the market are set to complete the unwinding of their 2.2 million barrels per day (bpd) production cuts from 2023 with another supersized output hike of 550,000 bpd for September, five sources with knowledge of the alliance’s discussions told Reuters on Monday.

Completion 296

Completion Barrel Oil 296

Offshore Engineer

JULY 7, 2025

• Across six dynamic programmes and 70 engaging sessions, 300 expert speakers will deliver actionable insights and pioneering research on the industry’s latest innovations…

Energy 53

Energy Energy 53

OilPrice

JULY 7, 2025

Iraq’s Dhi Qar Oil Company has raised oil production by a combined 80,000 barrels per day across three strategic southern fields, Nasiriyah, Gharraf, and Saba, IraqiNews reported on Monday, marking one of the country’s most significant boosts this year as OPEC+ opens the door to higher member output. According to IraqiNews, seven new wells were drilled at the Nasiriyah field alone, lifting production from 52,000 bpd to 70,000 bpd.

Field 223

Field Oil Barrel 223

OilPrice

JULY 7, 2025

The global oil market has entered a period of increasing volatility, with unpredictable supply, deceptive demand signals, and factors such as geopolitical uncertainty and souring economic sentiment all tugging at prices. Crude flat prices have been somewhat volatile but have on the whole suffered over the last month or two. Diesel timespreads (or “spreads”), which measure the physical need either to store barrels or release barrels from storage, have historically been a reliable indicator of bro

Oil 262

Oil Barrel 262

BOE Report

JULY 7, 2025

Malaysia’s state energy firm Petronas on Monday said it has successfully shipped its first liquefied natural gas (LNG) cargo to Japan from its newly operational LNG facility in Kitimat, Canada. Petronas has a 25% stake in the Kitimat LNG plant in British Columbia on Canada’s west coast.

IT 123

IT Natural Gas Operator Gas 123

OilPrice

JULY 7, 2025

A government -backed fund is pledging more than £2 for a carbon capture project. Energy secretary Ed Miliband has said that workers in “Britain’s manufacturing heartlands” will benefit from the investment in the Peak Cluster works. Peak Cluster is working towards a pipeline that will take carbon emissions from cement and lime companies in the Peak District and store them below the Irish Sea.

Government 245

Government Pipeline Manufacturing Energy 245

Rigzone

JULY 7, 2025

The UK energy secretary greenlighted BP and EnBW's Mona project, which the government says is the biggest wind farm in the Irish Sea with a maximum grid connection potential of 1.5 GW.

Government 62

Government Energy Energy 62

Marcellus Shale Coalition

JULY 7, 2025

The $165 million generated by Pennsylvania’s natural gas impact tax in 2024 demonstrates yet another way the state’s energy abundance is a win for residents and the Commonwealth. Over 14 years, Pennsylvania’s unique production tax has yielded nearly $3 billion – money that’s gone straight to local communities, not just state coffers in Harrisburg. “This industry continues to invest in projects that improve quality of life across the Commonwealth.

Gas 97

Gas Natural Gas Drivers Government 97

Oil & Gas Magazine

JULY 7, 2025

El Gobierno mexicano alista un plan urgente para refinanciar la deuda de Pemex, que supera los 120 mil millones de dólares, incluyendo adeudos con proveedores. El Gobierno federal prepara un plan emergente para rescatar financieramente a Petróleos Mexicanos (Pemex) , cuya deuda total, entre pasivos financieros y adeudos con proveedores, supera los 120,000 millones de dólares.

114

114

EnergyTrend

JULY 7, 2025

Jinko Solar Submits 1440MWh Solar-Storage Project Proposal in Australia Jinko SolarAustraliahassubmittedaproposalfora1440MWhsolar-plus-storageprojectinNewSouthWalesunderthefederalEnvironmentProtectionandBiodiversityConserv.

Energy 147

Energy Energy 147

Oil & Gas Magazine

JULY 7, 2025

Carlos Slim plantea priorizar producción, abrir más participación privada y elevar inversión para rescatar a Pemex de su peor crisis financiera y operativa en décadas. Petróleos Mexicanos (Pemex) enfrenta una de las crisis más severas de su historia, con una deuda financiera de 101,065 millones de dólares y adeudos a proveedores que superan los 404,000 millones de pesos.

Upstream 112

Upstream 112

POWER Magazine

JULY 7, 2025

GE Vernova said the first of three blocks of a major natural gas-fired power plant in Taiwan is now online. The company on July 7 said the first 1.3-GW unit of the Hsinta power station is operating, part of the facility's transition from burning coal to using natural gas. The post GE Vernova Brings First 1.3-GW Block of Taiwan Gas-Fired Plant Online appeared first on POWER Magazine.

Gas 147

Gas Natural Gas Operator 147

Rextag

JULY 7, 2025

Canada has officially entered the ranks of global LNG exporting nations with the departure of the first cargo from LNG Canada, the country’s first large-scale liquefied natural gas export terminal. Located in Kitimat on British Columbia’s remote Pacific coast, LNG Canada is a joint venture between Shell (40% and operator), PETRONAS, PetroChina, Mitsubishi, and KOGAS.

IT 59

IT Energy Energy Exploration and Production 59

Offshore Engineer

JULY 7, 2025

The U.K. government has granted development consent to BP and EnBW for 1.5 GW Mona offshore wind farm in the east Irish Sea, off Wales.

Offshore 58

Offshore Government 58

Oil & Gas 360º

JULY 7, 2025

(World Oil) – Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter. Firms have taken preliminary steps, including deploying resources to the project site, said two of the people, who asked not to be identified because the information is confidential.

Government 130

Government Gas Oil IT 130

Valor

JULY 7, 2025

July 7, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry.

Energy 52

Energy Energy Exploration and Production Barrel 52

Oil & Gas 360º

JULY 7, 2025

(BOE Report) – OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates’ move to a larger quota, five sources said. The group, which pumps about half of the world’s oil, has been curtailing production for several years to support the market.

Completion 130

Completion Oil Barrel IT 130

Offshore Engineer

JULY 7, 2025

Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname…

Offshore 60

Offshore Oil IT 60

Oil & Gas 360º

JULY 7, 2025

(Oil Price) – A new oil pipeline to Canada’s Pacific coast is highly likely to make it to the federal government’s list of projects of national interest, Canadian Prime Minister Mark Carney told Calgary Herald in an interview published this weekend. “I would think, given the scale of the economic opportunity, the resources we have, the expertise we have, that it is highly, highly likely that we will have an oil pipeline that is a proposal for one of these projects of national interest,” C

Pipeline 246

Pipeline Oil Barrel Government 246

Asian Oil & Gas

JULY 7, 2025

SED Energy Holdings, through its wholly owned subsidiary Energy Drilling, has signed a five-year contract with PTT Exploration and Production Public Company Limited…

Exploration and Production 40

Exploration and Production Offshore Energy Energy 40

Oil & Gas 360º

JULY 7, 2025

(Investing) – A consortium led by ExxonMobil (NYSE: XOM ) has discovered a natural gas reservoir off the coast of Cyprus, according to a government announcement on Monday. The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9 kilometers in the Pegasus-1 well, Cypriot government spokesperson Konstantinos Letymbiotis said. “Further assessment will be required in the coming months to evaluate the results,” Letymbiotis stated

Gas 130

Gas Natural Gas Government Completion 130

BOE Report

JULY 7, 2025

CALGARY – A new report from advisory firm Deloitte is forecasting a big jump in Alberta natural gas prices next year, with the country’s first West Coast export facility now up and running. The Alberta benchmark AECO price is expected to average $2.

Natural Gas 75

Natural Gas Gas Pipeline 75

Offshore Engineer

JULY 7, 2025

SED Energy Holdings, through its wholly owned subsidiary Energy Drilling, has signed a five-year contract with PTT Exploration and Production Public Company Limited…

Exploration and Production 55

Exploration and Production Offshore Energy Energy 55

BOE Report

JULY 7, 2025

The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1.8 billion per year, it said.

Gas 69

Gas Oil Energy Energy 69

POWWR

JULY 7, 2025

2025 policy shifts are disrupting the energy market. Here's what retail suppliers must do to stay compliant, competitive, and future-ready.

Energy 85

Energy Energy 85

Rigzone

JULY 7, 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 $67.38 +1.32% Brent Crude $68.98 +1.01% Natural Gas $3.37 -0.38% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Oil 67

Oil Refinery Pipeline Supply Chain 67

Iraq Business News: Oil & Gas

JULY 7, 2025

By John Lee. Iraq's Ministry of Electricity has confirmed a sharp decline in gas supplies from Iran, causing a loss of approximately 3,800 megawatts from the national power grid. According to Saad Fureih, Director of the Fuel Directorate at the Ministry, gas imports from Iran fell to 25 million cubic metres per day - less than half the contracted volume of 55 million cubic metres.

Gas 59

Gas Natural Gas Oil Energy 59

Rigzone

JULY 7, 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 $67.67 -0.38% Brent Crude $69.41 -0.24% Natural Gas $3.39 -0.67% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Gas 62

Gas Oil Exploration and Production Basin 62

Iraq Business News: Oil & Gas

JULY 7, 2025

By John Lee. The eight OPEC+ countries, including Iraq, have reaffirmed their coordinated approach to oil market stability and announced a collective production adjustment for August 2025. In a virtual meeting held on 5 July, the group cited healthy market fundamentals and a stable global economic outlook as the basis for a 548,000 barrels per day increase in production from July levels.

Oil 59

Oil Barrel IT Gas 59

Offshore Engineer

JULY 7, 2025

Santos has signed a mid-term liquefied natural gas (LNG) supply contract with QatarEnergy Trading.The contract is to supply approximately 0.

Natural Gas 56

Natural Gas Gas 56

Daily Energy Report

JULY 7, 2025

July 07, 2025 Chart of the Day Arab News: Saudi Aramco Raises August Arab Light Crude OSP for Asia Summary Saudi Aramco raised its August official selling price for Arab Light crude to Asia by $1, setting it at $2.20 above the Oman/Dubai average—the highest since April as shown in the table below. Prices for other grades also increased, with Arab Extra Light up $1.30 and Arab Heavy up $0.90.

Energy 52

Energy Energy IT 52

Offshore Engineer

JULY 7, 2025

French company Seaturns has raised $2.9 million to industrialize its wave energy technology and accelerate large-scale deployment.

Energy 51

Energy Energy IT 51

OilPrice

JULY 7, 2025

Back in the dark days of Covid, we wrote a paper that said the electricity industry was spending only a fraction of what it needed to spend to modernize plant and get ready for climate change. Now, more than six years later, industry spending is getting closer to the required number set back then but prices have risen at least one third since then, so necessary capital spending is still far behind.

IT 274

IT 274