OilPrice

JULY 4, 2025

In late June the Energy Institute (EI) released the 2025 Statistical Review of World Energy, which was published previously for more than 70 years by BP. Here is the link to the full 2025 Statistical Review of World Energy. The Review confirmed that a troubling trend continues. Despite historic investments in renewables and net-zero pledges from nearly every major economy, global carbon emissions hit a record high in 2024.

Energy 337

Energy Energy 337

Malcolm Graham Wood

JULY 4, 2025

Oil is quiet as markets are shut for July 4th holiday and ahead of the Opec+ meeting on Sunday. UOG announced a raise yesterday and Coro updated the market The post Oil price, UOG, Coro. And finally… appeared first on Malcy's Blog.

Oil 147

Oil Gas Energy Energy 147

OilPrice

JULY 4, 2025

Oil production from Canada’s oil heartland, Alberta, slumped to a two-year low in May as wildfires in the province and maintenance on some oil sands operations dragged oil output to a two-year low. Alberta produced on average 3.61 million barrels per day (bpd) of crude oil in May, according to provincial data cited by Bloomberg. Output plunged by 397,000 bpd from April, and stood at the lowest level since May 202 Production at oil sands projects plummeted by 384,000 bpd, to the lowest level seen

Oil 277

Oil Maintenance Crude Oil Barrel 277

Rigzone

JULY 4, 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 $66.50 -0.75% Brent Crude $68.29 -0.74% Natural Gas $3.39 -0.65% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Hydraulic Fracturing 104

Hydraulic Fracturing Operator Energy Energy 104

OilPrice

JULY 4, 2025

On a relatively quiet trading day for oil markets, as the U.S. celebrates Independence Day, oil prices have been dragged lower on expectations of further output hikes from OPEC+.Friday, July 4th, 2025 Trading activity was thin towards the end of this week as the United States celebrates Independence Day – with a record-breaking 72 million people traveling – but both ICE Brent and WTI edged slightly lower on expectations of OPEC+ hiking production targets again in August.

Oil 280

Oil 280

Energy Transition

JULY 4, 2025

How will the EU contribute to global efforts to reduce greenhouse gas emissions during the 2030s? The EU should have come up with a plan already last year if it had followed its own Climate Law and if was to fulfil its duties as a signing party of the Paris Climate Agreement. Now, after much delay, the European Commission has finally presented its legislative proposal for a new 2040 climate target.

IT 130

IT Gas 130

OilPrice

JULY 4, 2025

Power consumption spikes from AI data centers are making grids more volatile, a senior executive from Hitachi Energy has warned. “AI data centres are very, very different from these office data centres because they really spike up,” Andreas Schierenbeck told the Financial Times in an interview. “If you start your AI algorithm to learn and give them data to digest, they’re peaking in seconds and going up to 10 times what they have normally used.

Energy 260

Energy Energy 260

OilPrice

JULY 4, 2025

Under pressure to increase payouts to Saudi Arabia, the Kingdom’s state oil giant Aramco is considering selling up to five gas-fired power plants in deals that could raise some $4 billion, sources familiar with the plans told Reuters on Friday. Aramco has seen profits – and payouts to the Kingdom – decline this year with the slide in oil prices compared to last year’s levels.

Finance 267

Finance Oil Gas 267

Rigzone

JULY 4, 2025

A new analysis piece published on the EIA website recently has outlined how U.S. energy use has changed since the Declaration of Independence was signed in 1776.

Energy 97

Energy Energy 97

OilPrice

JULY 4, 2025

The OPEC+ producers unwinding their oil production cuts may bring forward their meeting to Saturday instead of on Sunday, with another accelerated output hike likely to be agreed, delegates and sources from the group tell various news outlets ahead of the weekend. The eight OPEC+ members, which have been cutting production and are now returning supply to the market in monthly increments, may bring forward the meeting to July 5 from July 6, as it was originally planned, delegates from the group t

Oil 215

Oil IT 215

Rigzone

JULY 4, 2025

This is the biggest disbursement from the Modernization Fund, which has now released a total of EUR 19.1 billion to support the energy transition in lower-income EU countries.

Energy 80

Energy Energy 80

OilPrice

JULY 4, 2025

Leaving Price Targets in the Past, OPEC+ Is Hunting for Market Share The upcoming OPEC+ meeting, initially planned for July 6 but subsequently moved a day earlier citing the Muslim holy day of Ashura, is set to see another expedited 411,000 b/d output increase as the oil group seeks to regain market share. OPEC+’s market share has been above 30% throughout the 2010s, dipping below that threshold only from Q4 2019 onwards (currently 27%), but Riyadh and other oil-dependent economies are now will

Oil 181

Oil 181

CNBC: Energy

JULY 4, 2025

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IT 143

IT Finance Exploration and Production Management 143

OilPrice

JULY 4, 2025

Oil prices made a modest recovery as June closed and July began, giving investors something to watch after weeks of sharp ups and downs. West Texas Intermediate (WTI) crude rose by $1.68, or about 2.5%, to end at $67.20 per barrel, reflecting a market that shifted from bearish to cautiously optimistic. Middle East Tensions Ease, but Risks Remain One of the main reasons for the recent swings in oil prices was the tension between Israel and Iran.

Oil 188

Oil Barrel 188

BOE Report

JULY 4, 2025

MONTREAL – As Canada looks to fast-track major projects that could reduce its dependence on the United States, a new subsidiary of a Norwegian energy company says it wants to build a liquefied natural gas export facility in Quebec.

Natural Gas 73

Natural Gas Casing Gas Energy 73

OilPrice

JULY 4, 2025

The UK government is launching its first onshore wind strategy, aiming to deliver up to 29 gigawatts (GW) of onshore wind power by the end of the decade. In the newly minted Onshore Wind Taskforce Strategy, the UK has set out more than 40 steps government and industry will take to help deliver the goal. That includes driving ambitious reforms to planning, grid connections, and routes to market, while building the supply chains and skilled workforce the UK needs.

Supply Chain 150

Supply Chain Government IT 150

Permian Basin Oil and Gas Magazine

JULY 4, 2025

In what was described as “a significant decision for Texas property and energy law,” Texas Supreme Court affirmed a lower court ruling that produced water belongs to the mineral estate unless expressly conveyed to the surface estate owner. The opinion in Cactus Water Services v. COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.

Upstream 59

Upstream Midstream Operator Basin 59

OilPrice

JULY 4, 2025

Australia’s government is supporting with grant funding the development of a green hydrogen project in the country, which has recently seen setbacks in the sector with major projects canceled or halted. Australia, via the Hydrogen Headstart Program of Australian Renewable Energy Agency (ARENA), will back Orica’s Hunter Valley Hydrogen Hub with grant funding of $283 million (AUS$432 million), the government said on Friday.

Government 150

Government Energy Energy 150

BOE Report

JULY 4, 2025

Eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share.

Oil 74

Oil 74

OilPrice

JULY 4, 2025

OPEC oil production ticked up by 270,000 barrels per day (bpd) in June, led by Saudi Arabia and the UAE, according to the latest Reuters survey. The group’s total output hit 27.02 million bpd last month as members began unwinding voluntary cuts. But the real story isn’t what’s on paper—it’s what’s actually flowing. Saudi Arabia accounted for 200,000 bpd of the increase, while the UAE added 100,000 bpd—both still technically pumping below their formal quotas.

Barrel 162

Barrel Oil 162

Rigzone

JULY 4, 2025

The new 25-year PSC paves the way for a final investment decision on the Phase 2B development in the White Lion field, which aims to deliver 125 million standard cubic feet of gas a day for seven years.

Field 62

Field Gas 62

OilPrice

JULY 4, 2025

The price gap that once made Russian Urals crude a go-to for Indian refiners is rapidly shrinking. Traders say the discount on Urals oil for August delivery to India has narrowed to just $1.70–$2 per barrel below dated Brent—the tightest spread since Russia invaded Ukraine in 2022. That discount is down from $2–$2.50 in July, and well below the steep markdowns India enjoyed throughout 2023 and early 2024.

Oil 195

Oil Barrel 195

Rigzone

JULY 4, 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 $66.41 -0.88% Brent Crude $68.22 -0.84% Natural Gas $3.40 -0.23% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Exploration and Production 62

Exploration and Production Infill Drilling Sidetracking Barrel 62

OilPrice

JULY 4, 2025

The arbitrators for a dispute between Exxon and Hess Corp. have reached a decision, according to two unnamed sources who spoke to Reuters but did not divulge details about that decision. It remains unclear when the decision will be made public. The dispute between the two concerns the latter’s stake in the Stabroek Block in Guyana, which has yielded a string of oil discoveries since the start of exploration, giving Exxon and Hess—along with their partner CNOOC—access to over 11 billion barrels i

Casing 174

Casing Barrel Oil IT 174

Mees

JULY 4, 2025

Last month’s Israel-Iran war has further highlighted the Eastern Mediterranean region’s uncomfortable energy interdependence. Will the conflict push East Med nations to diversify gas suppliers and customers, or will they once again turn a blind eye until the next flashpoint?

Gas 64

Gas Energy Energy 64

OilPrice

JULY 4, 2025

The president-designate of this year’s climate summit in Brazil played down accusations from campaigners that the South American country’s plans to boost oil and gas production is in conflict with the drive to reach net zero. “We are thinking of a ‘net zero’ that incorporates some years continuing to use oil,” André Corrêa do Lago, president-designate for the UN Climate Change Conference (COP30) in November told the Financial Times in an interview published on Friday.

Oil 137

Oil Gas 137

Rigzone

JULY 4, 2025

Executives from oil and gas firms have revealed where they expect the WTI crude oil price to be at various points in the future in the second quarter Dallas Fed Energy Survey.

Crude Oil 62

Crude Oil Oil Gas Energy 62

OilPrice

JULY 4, 2025

The temperature has dropped noticeably on the Iran-Israel-U.S. front. What dominated headlines with shock and awe just two weeks ago is now receding into the background, replaced not by resolution, but by a quieter, more calculated equilibrium. Iran’s missile strike on Al Udeid was the loudest part of this cycle, but it was a fleeting burst of noise.

IT 205

IT 205

Rigzone

JULY 4, 2025

Ocean Installer said it will execute subsea umbilicals, risers, and flowlines (SURF) activities including the fabrication and installation of flexible flowlines and umbilicals.

Energy 62

Energy Energy IT 62

Permian Basin Oil and Gas Magazine

JULY 4, 2025

Houston-based Coterra Energy said last week it will run 9 rigs in Permian Basin in second half of 2025 rather than 7 as announced in May. Tom Jordan, chairman, president and CEO, said June 24 at a JPMorgan conference in New York that increasing to 9 rigs “reflects his team’s confidence in the stability of the oil market, which had looked like it was struggling this spring.

Basin 59

Basin Energy Energy Oil 59

Rigzone

JULY 4, 2025

'We continue to see very strong demand in Asia for high heating value LNG from projects such as Barossa and PNG LNG, as well as for reliable regional supply'.

62

62

BOE Report

JULY 4, 2025

Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars.

Refinery 57

Refinery Gas Oil 57

Rigzone

JULY 4, 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 $66.41 -0.88% Brent Crude $68.22 -0.84% Natural Gas $3.40 -0.23% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

ROV 62

ROV Operator Oil Gas 62

Oil Gas Leads

JULY 4, 2025

As we enter the second half of 2025, Chevron Corporation (NYSE: CVX) is sharpening its strategic focus across shale, LNG, and energy innovation. Despite market volatility and regulatory uncertainty, Chevron remains committed to disciplined growth and technological leadership. Based on recent announcements, rig activity, and executive commentary, here are the Top 5 Priorities Chevron is expected to focus on for the rest of 2025 : US Oil & Gas Directory – $10 Buy Now Includes: Account Na

Basin 59

Basin Natural Gas Operator Gas 59

Mees

JULY 4, 2025

Oman LNG generated a record $6.5bn in revenues last year as it ran its three-train 11.4mn t/y facility above nameplate capacity. Muscat is mulling a 3.8mn t/y fourth train by 2028, which even if prices drop from current levels will yield sizeable revenue gains.

IT 59

IT 59

BOE Report

JULY 4, 2025

COCHRANE – The federal natural resources minister has announced $21.5 million in funding for five Alberta projects that aim to lower the cost of capturing and storing carbon dioxide emissions. But Tim Hodgson had few details to share Friday about how talks are progressing with a group of major oilsands players on a separate $16.

Pipeline 56

Pipeline 56

Oil Review Middle East

JULY 4, 2025

Independent engineering consultancy Longitude Engineering, part of the Oslo-listed ABL Group ASA, has won a contract to provide engineering and project management services for Egypt’s Phase X1 Deepwater Project of the West Delta Deep Marine (WDDM) concession The contract was awarded by Petroleum Marine Services (PMS), the main EPIC (Engineering, Procurement, Installation, and Commissioning) contractor for the project, and is Longitude’s second consecutive project within the WDDM concession, also

Engineer 52

Engineer Engineering Natural Gas Offshore 52