OilPrice
JUNE 13, 2025
Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis. Drilled to a depth of 4,185 meters, the well tested at 6.4 million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation.
POWER Magazine
JUNE 13, 2025
The California Energy Commission (CEC) has approved the Darden Clean Energy Project, which the agency said is the first to be fast-tracked under the group's Opt-In Certification program. The commission said the installation features 1,150 MW, or 4,600 kWh, of battery energy storage, along with a 1,150-MW solar array with about 3.1-million panels. The post ‘World’s Largest’ Energy Storage Site Approved as Part of California Solar Project appeared first on POWER Magazine.
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OilPrice
JUNE 13, 2025
Israel has ordered the shutdown of its massive Leviathan gas field, cutting off a critical supply line to Egypt just as regional tensions with Iran erupt into open conflict. Chevron, the operator of Leviathan, confirmed the halt on Friday after Israel’s Energy Ministry issued the order, citing escalating security threats. Energean Plc also suspended output from its Israeli assets.
POWER Magazine
JUNE 13, 2025
A nonprofit environmental group said at least 130 natural gas-fired power plant projects are planned in Texas over the next few years as part of that state's effort to meet growing demand for energy. The Washington, D.C.-based Environmental Integrity Project (EIP), in a report published June 11, said the projects would provide about 58 GW of new generation capacity, while noting that many of the proposed facilities may not move beyond the planning stage.
OilPrice
JUNE 13, 2025
The US battery energy storage (BESS) market is booming across the country this year, coming off an already impressive growth streak in 2024. The rapid clip of expansion is partially due to falling battery manufacturing costs, with Rystad Energy predicting this trend to continue over the next five to seven years amid ongoing design improvements. While renewable energy investment faces policy headwinds as legislators weigh rolling back tax incentives for low-carbon energies, the grid-scale BESS ma
Marcellus Drilling News
JUNE 13, 2025
In April, MDN told you that the West Virginia Supreme Court was scheduled to hear oral arguments in two important oil and gas royalty cases (see WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases).
OilPrice
JUNE 13, 2025
As the global clean energy transition continues to accelerate, demand for critical minerals is heating up around the world. While the government tracks 50 of these materials that are essential to economic and national security goals, there is one clear frontrunner in the demand curve arms race: lithium. The “white gold” will see the fastest growth rate of any critical mineral, primarily driven by battery production for electric vehicles and energy storage.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
JUNE 13, 2025
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 4-rig decrease last week, and a 3-rig decrease the week before that. The total rig count in the US fell by 4 to 555 rigs, according to Baker Hughes, down 35 from this same time last year.
Marcellus Drilling News
JUNE 13, 2025
During EQT Corporation’s third quarter 2023 update and conference call (held in October 2023), the company announced “two of the largest, long-term physical supply deals ever executed” for 1.2 billion cubic feet per day (Bcf/d) of EQT’s molecules. Those molecules will flow on the Mountain Valley Pipeline (MVP) beginning in 2027 (see EQT Sets New.
OilPrice
JUNE 13, 2025
Kiggans and a nearly identical group of House Republicans wrote to their House colleagues last month seeking positive changes to the clean energy tax credit phaseout plan that came out of committee work on the reconciliation bill. Instead, the House-passed version of the bill imposes a faster phaseout timeline, including a repeal of tax credits for projects that don’t begin construction within 60 days of the bill’s enactment.
Marcellus Drilling News
JUNE 13, 2025
For the week of Jun 2 – 8, the number of permits issued to drill new wells in the Marcellus/Utica fell from the previous week. There were 21 new permits issued across the three M-U states last week, down 14 from 35 issued two weeks ago. The Keystone State (PA) issued 11—half—of the new permits.
OilPrice
JUNE 13, 2025
Brent crude surged more than 8% on Friday, peaking at a 13% intraday gain, after Iran launched a wave of missile strikes on Israel in retaliation for the Israeli Air Force’s targeted assault on Iranian nuclear and military infrastructure. The sudden escalation has jolted energy markets already grappling with rising geopolitical risk across the Middle East.
Marcellus Drilling News
JUNE 13, 2025
CNX Resources, a major Marcellus/Utica driller headquartered in Pittsburgh, announced a major change in its leadership structure, although not in personnel. The company said yesterday it is promoting its Chief Financial Officer (CFO), Alan Shepard, to become the company’s President. Shepard will retain his CFO title as well. Nick Deiuliis, who had held the titles.
POWER Magazine
JUNE 13, 2025
XGS Energy and Meta Platforms announced announced an agreement to support development of 150 MW of next-generation geothermal energy in New Mexico. The groups on June 12 said XGS Energy’s […] The post XGS Energy, Meta Partner for 150-MW Advanced Geothermal Project appeared first on POWER Magazine.
Oil & Gas 360º
JUNE 13, 2025
(Oil Price) – As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will require EU companies to disclose details of their contracts to buy Russian gas, according to an internal European Commission document seen by Reuters. In May, the EU unveiled a roadmap to end dependency on Russian energy. The roadmap calls for the EU to stop all imports of Russian gas by the end of 2027 by improving the transparency, monitoring, and traceability of Russian
OilPrice
JUNE 13, 2025
Following the Israel-Iran flare-up in the Middle East, the UK and Greece have cautioned their commercial shipping companies to be extra careful and log all voyages through the world’s key oil transit chokepoint, the Strait of Hormuz. Israel launched overnight a series of coordinated airstrikes on Iran, targeting nuclear facilities in what it describes as a decisive move to prevent the Islamic Republic from becoming a nuclear power.
Oil & Gas 360º
JUNE 13, 2025
(Oil Price) – The plans of many EU countries to boost nuclear power capacities will need an investment of as much as $278 billion (241 billion euros), according to estimates by the European Commission. Many EU countries have drafted plans to increase nuclear power capacity or even return to nuclear energy after decades of no nuclear generation, as they look to reduce imports of fossil fuels and meet emissions reductions and net-zero goals with more nuclear power.
OilPrice
JUNE 13, 2025
In a stunning and unprecedented pre-emptive military operation, Israel has launched a coordinated strike on Iran’s nuclear infrastructure and senior military leadership under the codename Operation Rising Lion. With surgical precision, the Israeli Air Force reportedly hit over 100 high-value targets across Iran, including uranium enrichment facilities, ballistic missile sites, and command-and-control centers.
Malcolm Graham Wood
JUNE 13, 2025
Oil has settled at about $5 higher after Israel's attacks on the Iranian nuclear facilities. DEC is looking attractive right now and Arrow has announced a buy back. Also Challenger has issued finals. The post Oil price, DEC, Challenger, Arrow. And finally… appeared first on Malcy's Blog.
Oil & Gas 360º
JUNE 13, 2025
(Investing) – Israel’s attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving blockades in the Strait of Hormuz could push prices above $100 per barrel, Goldman Sachs said. Oil prices climbed nearly 9% after Israel launched widescale strikes against Iran targeting nuclear facilities and missile factories, with benchmark Brent crude futures trading near $74.74 per barrel.
OilPrice
JUNE 13, 2025
Following the disruption to the global rare earth supply chain after China’s export curbs, India is now looking at ways to keep its own rare earths at home. The government has asked state-owned minerals and metals mining enterprise IREL (India) Limited to halt a more than a decade-old supply agreement to export rare earth elements to Japan, Reuters reported on Friday, citing sources with knowledge of the development.
EnergyTrend
JUNE 13, 2025
Polysilicon Prices Slightly Decline Amid Expectations for Further Production Cuts (June 11, 2025) Theaveragetransactionpriceintheindustrydeclinedthisweek.Specifically,pricesforTier-1manufacturersandgranularsiliconremainedrelativelystable,whileprice.
Enverus
JUNE 13, 2025
In response to news that Israel has launched an attack on Iran, Al Salazar, director at Enverus Intelligence® Research (EIR), released this reaction explaining the significance on oil prices: “Oil prices have spiked on the increased probability that an oil supply disruption will occur due to the Iran-Israel conflict. Market pundits have suggested that a geopolitical premium is now embedded in today’s oil price.
EnergyTrend
JUNE 13, 2025
Overseas Enterprise Announces 599MW Solar Module Supply Agreement Recently,WaareeSolarAmericasInc.,asubsidiaryofU.S.solarmanufacturerandIndia’slargestsolarPVmoduleproducerWaareeEnergiesLimited,announcedthatithassigne.
Oil & Gas 360º
JUNE 13, 2025
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 4 over last week, resulting in a total count of 555 rigs. Canada had an increase of 24 over last week, resulting in a total Canadian count of 138 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced an increase this week. Meanwhile, 1 region experienced a decrease this week: The Permian is at 273, down 2.
Oil & Gas Magazine
JUNE 13, 2025
Empresas tabasqueñas exigen el pago de más de 3 mil mdp por parte de Pemex; CANACINTRA advierte pérdida de empleos y migración de talento. La deuda de Petróleos Mexicanos (Pemex) con empresas proveedoras de Tabasco supera los 3 mil millones de pesos , según informó Katia Ornelas Gil , secretaria de Turismo y Desarrollo Económico del estado. Al menos 20 empresas locales han solicitado apoyo institucional para gestionar los pagos , lo que ha movilizado a las cámaras empresariales y autoridades est
Marcellus Drilling News
JUNE 13, 2025
Penneco Environmental Solutions wants to build a second wastewater injection well in Plum Borough (Allegheny County), PA, next to an existing injection well. Penneco’s first wastewater injection well in Plum finally opened for business in mid-2021, overcoming all sorts of smears, slanders, and lawsuits by the enviro-left (see Plum Boro Injection Well in SWPA Now.
BOE Report
JUNE 13, 2025
The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate (WTI) futures narrowed on Friday, as global oil prices leaped on escalating Israel-Iran tensions. WCS for July delivery in Hardisty, Alberta, settled at $8.90 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $9.
EnergyTrend
JUNE 13, 2025
Golden Solar Signs Major HJT Cell Supply Deal with South Asian Customer OnJune10,GoldenSolarannouncedthatitssubsidiary,GuangdongGoldenGlassTechnologies(HongKong)Co.,Ltd.,signedasalescontractonJune9,2025,withaSouthAsiancust.
BOE Report
JUNE 13, 2025
Traders on Friday exchanged the most $80 West Texas Intermediate (WTI) crude oil call options since January, expecting more upside to prices after Israeli airstrikes on Iran sparked fears of a wider Middle East conflict.
Oil & Gas Magazine
JUNE 13, 2025
Ante los apagones por calor extremo en Monterrey, diputada Ana Isabel González urge a la CFE reforzar infraestructura y personal para garantizar el servicio eléctrico. Ante el aumento de cortes de electricidad provocados por las olas de calor en Nuevo León, la diputada federal Ana Isabel González González , del Grupo Parlamentario del PRI, hizo un llamado urgente a la Comisión Federal de Electricidad (CFE) para garantizar infraestructura y personal suficientes que atiendan de manera eficiente lo
BOE Report
JUNE 13, 2025
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday.
Oil & Gas Magazine
JUNE 13, 2025
Pemex avanza en la recuperación de infraestructura en Ciudad Madero, priorizando el reuso de agua en procesos industriales y destinando más de 2,600 mdp en mantenimiento. Petróleos Mexicanos (Pemex) destacó los avances en la recuperación de infraestructura estratégica en el sur de Tamaulipas , enfocándose en la eficiencia del uso del agua dentro de sus operaciones.
BOE Report
JUNE 13, 2025
U.S. natural gas futures climbed about 3% on Friday, tracking gains in oil prices after Israel launched strikes against Iran, raising worries the conflict could disrupt Middle Eastern oil and gas supplies. U.S. crude futures jumped $4.94, or 7.3%, to settle at $72.98 a barrel, their highest close since February.
McKinsey
JUNE 13, 2025
Skip to main content Seizing the agentic AI advantage June 13, 2025 | Report A CEO playbook to solve the gen AI paradox and unlock scalable impact with AI agents. (28 pages) At a glance Nearly eight in ten companies report using gen AIâyet just as many report no significant bottom-line impact. 1 â The state of AI: How organizations are rewiring to capture value ,â McKinsey, March 12, 2025.
SmartBrief
JUNE 13, 2025
We often confuse perception and perspective , using them as if they mean the same thing. But they’re not. And recognizing the difference can be the turning point in how we understand others — and ourselves. Perception is personal. Perspective is relational. Perception is how you see things, based on your own experiences, beliefs, emotions and assumptions.
OilPrice
JUNE 13, 2025
Politics, Geopolitics & Conflict Eastern Libya’s parliament has passed a parallel 2025 budget, a calculated move by Haftar’s bloc to assert financial sovereignty and gain leverage over Tripoli as the political stalemate drags on. Control of key oil terminals remains Haftar’s strongest card, with the clear threat of revenue disruption or supply manipulation if negotiations stall.
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