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.
Mees
JUNE 13, 2025
Adnoc Gas has awarded contracts for the $5bn first phase of its 1.5bn cfd Rich Gas Development project. The project will handle associated gas from Adnoc’s crude expansion projects and puts the UAE a step closer to gas self-sufficiency by 2030.
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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.
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
Offshore Energies UK
JUNE 13, 2025
Offshore Energies UK has welcomed today’s government announcement of over £500 million to support the development the UK’s first network for hydrogen transport and storage. The investment confirmed in the Spending Review is a major boost to the UK’s ambitions to become a clean energy superpower and to support industrial regions including Teesside, Merseyside, the Humber and Scotland.
Mees
JUNE 13, 2025
Dubai has increased its 2030 clean energy capacity target from 25% to 34%. It has added 800MW of renewable capacity already this year, but strong demand growth means gas remains central.
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.
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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
Offshore Engineer
JUNE 13, 2025
DNV has published a report forecasting that carbon capture and storage (CCS) capacity is expected to quadruple by 2030, with sharp increase project pipeline capacity…
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.
Offshore Engineer
JUNE 13, 2025
The Norwegian Ministry of Energy has offered and exploration license for the storage of CO2 in North Sea to Equinor Low Carbon Solution.
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.
Marcellus Drilling News
JUNE 13, 2025
Pennsylvania’s U.S. Senators, Dave McCormick, R-Pittsburgh, and John Fetterman, D-Braddock, have introduced Senate Bill 2044, which would move the federal Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) to Pittsburgh. It’s not an insignificant move. The DOE FECM employs approximately 750 federal employees, including scientists, engineers, technicians, and administrative staff.
Oil Gas Leads
JUNE 13, 2025
Permian Resources Corp. (PR) has announced a $608 million bolt-on acquisition from APA Corp. , enhancing its footprint in New Mexico’s northern Delaware Basin. The deal adds ~13,320 net acres and 8,700 net royalty acres to PR’s core position in Eddy County , boosting near-term production and providing long-term development upside. Delaware Account Directory – Only $10 Buy Now Includes: Account name, website, address, phone, rig count, wells drilled… Key Deal Highlights Metric Value A
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
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.
Oil Review Middle East
JUNE 13, 2025
At final session of the AIEN International Energy Summit, held in Istanbul from 10-12 June, the trilemma of energy security, affordability, and sustainability was in the spotlight The panel also debated whether profitability should be considered the fourth leg of the trilemma. Moderator Jay Park KC , managing partner, Park Energy Advisory Ltd asked the panel what the current priorities were of the triangle, and if we were seeing a shift to one corner.
Mees
JUNE 13, 2025
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CNBC: Energy
JUNE 13, 2025
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Oil & Gas 360º
JUNE 13, 2025
(World Oil) – U.S. Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the expectations released this week by a government agency. Much will depend on oil prices and whether producers will follow through on pledges to reduce investment, Wright said in an interview on Bloomberg Television.
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.
Offshore Engineer
JUNE 13, 2025
Perenco has launched a new development phase for its operations in Congo, with the construction of new offshore platform Kombi 2 which will be installed on the Kombi…
Permian Basin Oil and Gas Magazine
JUNE 13, 2025
The inventory of proposed gas power plants in Texas as reported Wednesday by Environmental Integrity Project includes multiple plants in Permian Basin. The new plants and expansions are planned for Odessa in Ector County, Seminole in Gaines County, Abernathy in Hale County, Westbrook in Mitchell County, Fort Stockton in Pecos County, Pecos in Reeves County, Abilene in Taylor County, and Barstow and Monahans in Ward County.
BOE Report
JUNE 13, 2025
The Paris-based International Energy Agency is actively monitoring the impact of clashes between Israel and Iran situation on oil markets, Executive Director Fatih Birol said on Friday. “IEA oil security system has over 1.2 billion barrels of emergency stocks”, Birol said in a post on X.
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.
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.
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
Even before Israel attacked Iran, oil prices had been advancing this week, lifted by renewed optimism surrounding U.S.-China trade negotiations. Markets welcomed a more constructive tone between the two economic superpowers, with discussions in London reportedly progressing well. President Trump’s upbeat remarks added to the momentum, giving traders a reason to bet on improved global growth.
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
Egypt Oil & Gas
JUNE 13, 2025
Prime Minister Mostafa Madbouli held a meeting on Friday afternoon to review the government’s plan to secure the country’s needs of oil and natural gas following the Israeli military operation in Iran. The meeting was attended by Hassan Abdallah, Governor of the Central Bank of Egypt, Mahmoud Esmat, Minister of Electricity and Renewable Energy, and Karim Badawi, Minister of Petroleum and Mineral Resources.
Mees
JUNE 13, 2025
The Middle East’s three LNG exporters are doubling down on LNG export plans, even as more states in the region tip into gas deficit. Regional pipeline export volumes look set to fall from recent highs amid lackluster interest in expanding gas interconnectors.
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.
BOE Report
JUNE 13, 2025
U.S. Energy Secretary Chris Wright said on Friday he and his team are working with the White House’s National Security Council to monitor the situation in the Middle East and any potential impacts to global energy supply.
Oil Gas Leads
JUNE 13, 2025
The shale revolution has always been about doing more with less—more wells, more output, and more efficiency. Over the past decade, we’ve seen techniques like Simul-Frac and Triple Frac become standard tools to accelerate completions. But now, Chevron is taking the next step—not just in how fast we frac, but in how smartly we do it. Completions Engineer Directory – Only $25 Purchase Now Includes: Account, Contact Name, Email, Phone (company), Location…… Triple Frac: The Benchma
Mees
JUNE 13, 2025
As Iranian energy supplies to Iraq fall off, Turkey has stepped in. Baghdad, in desperate need of every megawatt it can muster this summer, has contracted more than 1.2GW of electricity from Ankara through direct imports and the lease of ‘powerships.
CNBC: Energy
JUNE 13, 2025
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Mees
JUNE 13, 2025
Adnoc Logistics and Shipping (Adnoc L&S) and Abu Dhabi petrochemicals firm Borouge announced on 11 June a $531mn 15-year agreement in which the logistics firm will manage the petrochemical firm’s export operations.
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