OilPrice
MAY 26, 2025
Perhaps, as non-financial types, you have been perplexed by the strange doings of the various markets. Well, you should be. Consider these statistics for the year to date (May 21): The US stock market, as represented by the S&P 500 has declined by 0.6 %. WTI oil price has fallen 14.5%. The US dollar dropped 8.2%. US Treasury bond yields rose 2 basis points (meaning bond prices fell 0.4%).
Energy Outlook Advisors
MAY 26, 2025
Share Turkey, a G20 member, seeks to boost its economic and geopolitical influence regionally and globally, particularly in energy. Ankara aims to reduce natural gas imports by expanding solar, wind, and domestic gas supplies, and building nuclear power plants. Turkey aims to be a key oil and gas hub, serving as a transit country between Russia, the Caspian region, and Europe, a position that will benefit Turkey economically and enhance its political clout and influence.
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OilPrice
MAY 26, 2025
Saudi Arabia and Kuwait have announced a new oil discovery in the so-called Partitioned Zone (PZ) between the two OPEC heavyweights which share equally output from the area. Saudi Arabia and Kuwait announced on Monday that Wafra Joint Operations had made a new oil discovery in the North Wafra Wara-Burgan field, located 5 kilometers (3.1 miles) north of the Wafra field, the official Saudi Press Agency reported.
Energy Outlook Advisors
MAY 26, 2025
Here is a link to a presentation at the Money Show in Dallas, TX The Real Energy Crisis No One’s Talking About Here is a link to a recent interview: AnasAlhajji Talks All Things Energy Energy Outlook Advisors' Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
OilPrice
MAY 26, 2025
Iraq has filed a lawsuit against the United States over oil contracts between American companies and the Kurdistan Regional Government (KRG) in northern Iraq, escalating a constitutional dispute that has long threatened to destabilize the countrys energy sector, Reuters reported. According to Iraqi media, the lawsuit was filed on Monday and accuses the U.S. government of allowing companies under its jurisdiction to sign oil exploration and production deals directly with the KRG.
Oil & Gas Magazine
MAY 26, 2025
Pemex enfrenta suspensin de perforacin en Regin Norte por adeudo con empresa TITSA, afectando produccin y transporte. Se cierran 124 pozos y se pierden barriles diarios. Petrleos Mexicanos (Pemex) enfrenta una nueva crisis operativa derivada de un adeudo pendiente desde 2024 en el rea de Logstica Terrestre. Segn una nota informativa interna enviada por Faustino Alonso Fuentes, responsable de Produccin en la Regin Norte, al nuevo director de Pemex Exploracin y Produccin (PEP), ngel Cid Mungua, la
OilPrice
MAY 26, 2025
Russian military vessels are escorting oil tankers traversing the Gulf of Finland, Finlands defense minister told media this weekend, saying this was a completely new development. The news follows an attempt last week by the Estonian navy to stop a tanker carrying Russian oil, which prompted the appearance of a Russian fighter jet. Due to European sanctions and the G7 price cap, Russia is using what the media likes to call a shadow fleet of tankers, often aging, and insured by parties outside th
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
MAY 26, 2025
Back in 2017, oil production in the Permian stood at 2.2 million barrels daily. Today, the Permian is producing over 6 million barrels daily, accounting for nearly half of the U.S. total. Predictions of a looming peak have lately multiplied, but according to Wood Mackenzie, the Permian is not done yetnot if prices improve. To be sure, the boom days seem to be over.
POWER Magazine
MAY 26, 2025
The speed of decision-making at the grid edge has become critical for maintaining stability, preventing cascading failures, optimizing efficiency and integrating intermittent renewable resources. With the proliferation of distributed energy resources (DERs), electric vehicles and smart loads, grid edge intelligence has moved from a luxury to a necessity.
OilPrice
MAY 26, 2025
Europes failure to put long-term international security interests above short-term economic benefits over Georgia in 2008 and over Ukraine in 2014 was key in encouraging Russian President Vladimir Putin to launch the full-scale invasion of Ukraine on 24 February 2022. Back then, Europe and its de facto leader, Germany had used cheap and plentiful imports of Russian gas and oil as a base to power economic growth for years.
BOE Report
MAY 26, 2025
SQUAMISH, BC, May 26, 2025 /CNW/ – The Woodfibre LNG project reached a major construction milestone on Saturday with the safe arrival of the first seven specialized LNG modules to site. The pipe rack modules, transported by heavy cargo vessel, are the first large-scale modular components to arrive at the site for installation.
OilPrice
MAY 26, 2025
UK households are set to see a modest drop in their energy bills this summer, after regulator Ofgem revealed a seven per cent cut to its quarterly price cap the first reduction in a year. The announcement will bring the average annual bill for a typical household in the UK down from 1,849 to 1,720 between the months of July and September.
BOE Report
MAY 26, 2025
Indigenous equity opportunity in oil and gas valued at $58 billion over next 10 years ByGrady Semmens Eva Clayton, back left, President of the Nisga’a Lisims Government (joint venture owner of the proposed Ksi Lisims LNG project), Crystal Smith, back right, Haisla Nation Chief Councillor (joint venture owner of the Cedar LNG project, now under [Read more]
OilPrice
MAY 26, 2025
Pertamina, the state oil and gas firm of Indonesia, is considering importing oil products from the United States amid the trade and tariff negotiations, Argus reported on Monday. Indonesia seeks to show the United States that it is working to reduce its trade surplus with America and pledges to buy more U.S. products, especially energy, to reduce its trade surplus.
Rigzone
MAY 26, 2025
North America dropped 17 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
OilPrice
MAY 26, 2025
The trajectory of global liquefied natural gas (LNG) demand is now marked by deep uncertainty, according to the president of the International Group of Liquefied Natural Gas Importers (GIIGNL), signaling a more cautious tone from one of the industrys most influential voices.
Rigzone
MAY 26, 2025
Solar energy will be the single biggest source of additions at 17 GW, followed by 12 GW of hydro power.
OilPrice
MAY 26, 2025
Shares in Chinese electric vehicle (EV) makers slumped on Monday despite surging interest from UK buyers, as industry titan BY introduced a round of new price cuts in an already bruising market battle. Hong-Kong listed BYD dropped as much as 8.25 per cent from a record high set last week, after an announcement over the weekend slashing prices on 22 electric and plug-in hybrid models.
Oil & Gas Magazine
MAY 26, 2025
Shell Mobility dejar Mxico y vender su negocio a Iconn, duea de Petro Seven. La operacin est sujeta a aprobacin y se concretar en 2025. Shell Mobility, la divisin de estaciones de servicio y conveniencia del gigante energtico Shell, saldr del mercado mexicano. La compaa firm un acuerdo para vender su operacin a Iconn, empresa mexicana propietaria de las marcas 7-Eleven y Petro Seven.
OilPrice
MAY 26, 2025
Europes benchmark natural gas prices rose early on Monday following an unplanned cut to capacity of the giant Troll gas field in Norway, the single largest supplier of gas to Europe. Dutch TTF Natural Gas Futures, the benchmark for Europes gas trading, jumped by 2.2% at trade open in Amsterdam on Monday, before easing some gains to trade 1.2% higher at 11:30 a.m. local time.
Oil & Gas Magazine
MAY 26, 2025
Claudia Sheinbaum pidi a proveedores de Pemex no recurrir a coyotes y asegur que los pagos se estn haciendo con revisin y transparencia, sin corrupcin. Durante su conferencia matutina, la presidenta de Mxico, Claudia Sheinbaum , hizo un llamado directo a los proveedores de Petrleos Mexicanos (Pemex) para que no recurran a intermediarios o coyotes que les exigen comisiones a cambio de agilizar el pago de adeudos por parte de la empresa estatal.
OilPrice
MAY 26, 2025
India is set to see a surge in power demand and renewable energy build-out in the coming years and decades and assert itself as a clean energy powerhouse, if it boosts investments, U.S.-based clean energy think tank Rocky Mountain Institute (RMI) said in a new report on Monday. Indias energy demand is expected to triple by 2050, as the economy grows more than the global average, urbanization expands, and the middle class numbers rise.
Rigzone
MAY 26, 2025
'This outlook is a call to action: be prepared', NOAA's National Weather Service Director Ken Graham said.
OilPrice
MAY 26, 2025
Wildfires erupted in the northern part of Alberta over the weekend, with some igniting near oil wells operated by Canadian Natural Resources. The wildfires have already prompted a mandatory evacuation order for the town of Swan Hills, Canadian media reported. Per the Alberta authorities, 48% of the wildfires are under control, with another 44% out of control.
Oil & Gas Magazine
MAY 26, 2025
A travs de pruebas tcnicas coordinadas con personal especializado de Pemex, se detect que el combustible transportado presentaba caractersticas propias de disel de procedencia extranjera, sin acreditacin legal para su ingreso o distribucin en el pas La Secretara de Seguridad y Paz del Estado de Guanajuato en coordinacin con Petrleos Mexicanos (Pemex), la Guardia Nacional, la Secretara de la Defensa Nacional (DEFENSA) y la Secretara de Seguridad y Proteccin Ciudadana (SSPC) del Gobierno de Mxico
OilPrice
MAY 26, 2025
Nicolas Maduro has solidified his power over Venezuela following this weekends regional and parliamentary election, which his ruling party said it won in a landslide, while the opposition called for a boycott of the vote and claims turnout was below 15%. Maduro, who has ruled the country with the worlds largest crude oil reserves since 2013, could incur even more sanctions from the United States on the oil industry and state oil firm PDVSA.
Oil & Gas Magazine
MAY 26, 2025
Durante 3 das de capacitacin, informacin y asesoramiento a clientes, proveedores, socios y muchos otros grupos, concluy la edicin 35 de la Onexpo Convencin & Expo (OCE), el cual se considera como el evento ms grande del sector gasolinero La edicin nmero 35 de la Onexpo Convencin & Expo (OCE) reuni a empresarios, marcas y especialistas del sector gasolinero, as como autoridades para que este evento sea una plataforma clave para quienes buscan estar a la vanguardia en el sector de los hidr
OilPrice
MAY 26, 2025
Indian authorities and coast guard were mobilized on Monday to contain an oil spill after a cargo ship sank off Indias West coast this weekend, leaking marine fuel and fuel from containers. Liberia-flagged container vessel MSC ELSA 3 sent a distress signal to authorities on Saturday, May 24, the Indian Coast Guard said. The vessel departed from the port of Vizhinjam Port on May 23, bound for Kochi with ETA on May 24.
Oil & Gas Magazine
MAY 26, 2025
La Profeco anunci que el precio promedio nacional del litro del combustible sigue disminuyendo, el cual se encuentra en 23.59 pesos Durante la conferencia maanera de la presidenta Sheinbaum, el titular de la Procuradura Federal del Consumidor (Profeco), Ivn Escalante Ruiz dio a conocer que hasta la fecha del 23 de mayo se registr un 94.2% de las estaciones de servicio que se adhieren a la Estrategia Nacional para Promover la Estabilizacin del Precio de la Gasolina para vender el litro de gasolin
OilPrice
MAY 26, 2025
Taiwan will hold in August a referendum on whether the just-shuttered last nuclear reactor should be restarted once safety checks are completed, in a major reversal of the countrys policy amid energy security concerns. Taiwan, which is being threatened by China with Beijing claiming it is a sacred and inseparable part of China's territory, has decided to phase out its nuclear reactors by this year.
Oil & Gas Magazine
MAY 26, 2025
Este proyecto en Tamaulipas requiri una inversin de 96.6 millones de pesos e incrementar en un 10% la capacidad total en el sistema de 13.8 kV haciendo crecer los parques industriales en Reynosa El gobierno de Tamaulipas inform que el subsecretario de Electricidad y Energas Renovables de la Secretara de Desarrollo Energtico ( SEDENER ), Roberto Rendn Mares supervis el avance de la construccin de la Subestacin Elctrica Santander Banco I en Reynosa.
OilPrice
MAY 26, 2025
Saudi Aramco is reportedly exploring asset sales as a means of increasing the availability of funds to fuel its international expansion and existing operations, according to unnamed sources who spoke to Reuters. The sources told the publication that the Saudi state major had asked investment banks to come up with ideas on how best to make its assets generate some cash.
Oil & Gas Magazine
MAY 26, 2025
Sonora inaugur la primera electrolinera pblica del estado, la cual requiri una inversin de 19.4 mdp y cuenta con cinco cargadores rpidos dobles, subestacin elctrica y cuarto de mquinas El gobierno de Sonora encabezado por Alfonso Durazo Montao anunci la inauguracin de la primera electrolinera pblica del estado y la puesta en marcha de tres autobuses elctricos para impulsar un sistema de electromovilidad pblico y sustentable.
OilPrice
MAY 26, 2025
Offshore wind industry representatives are seeking better auction and fiscal terms from the Japanese government to help companies develop the wind industry potential offshore Japan, industry sources have told Reuters. Japan has a plan to have offshore wind projects with a total capacity of 10 GW developed by 2030 and 30 GW-45 GW by 2040. The country has held three auctions to award capacity so far, but major developers have been reviewing their options in Japan amid headwinds in the sector globa
Oil & Gas Magazine
MAY 26, 2025
El presidente de la AMDA, Guillermo Rosales asegura que los combustibles ilegales no cuentan con ninguna certificacin de calidad y generan una mayor contribucin al impacto medioambiental y a la calidad del funcionamiento de los motores y por lo tanto un dao para los propietarios de vehculos Durante el foro La calidad de los combustibles en Mxico, su impacto en la movilidad, medio ambiente y salud pblica, la Asociacin Mexicana de Distribuidores de Automotores (AMDA), encabezada por su presidente:
Rigzone
MAY 26, 2025
'We've been on a journey of reinvention and I'm so excited we finally get to share it with the world', the company's CEO said.
Permian Basin Oil and Gas Magazine
MAY 26, 2025
ODESSA, TEXASThe Odessa Country Club on April 7 was the locale for a gathering of some of the best human beings in West Texas and New Mexico as the Permian Basin Petroleum Association held its annual Spring Swing. This golf tournament, a four-man scramble, was played over two courses simultaneously. Beautiful weather greeted the full slate of teams as, once again, the golf gods smiled upon the PBPA.
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