UK Government Promises to Cut Industrial Energy Bills
OilPrice
JUNE 23, 2025
The Starmer government has promised it would reduce industrial users’ electricity bills by up to 25% from 2027 as part of its energy strategy, due to be released this week.
Energy Government Mechanic 
Oil Firms Brace for Impact as Brazil Revamps Tax Benchmark
OilPrice
JULY 25, 2025
Brazil has revised its rules for setting the reference price for crude oil produced in the country in a bid to boost government revenues from royalties paid by oil companies operating in Brazil. The new rules will take effect from September, affecting royalty distribution in November.
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Government Clean Power 2030 target under strain warns Offshore Energies UK
Offshore Energies UK
AUGUST 7, 2025
A record-breaking wind generated energy capacity of 8.4GW plus, must be approved in the latest annual auction for licences (AR7) which opened today, if the UK is to meet its 2030 Clean Power target, warns Offshore Energies UK. The mechanism provides a government-guaranteed price for the wind energy generated.
EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025
Oil & Gas 360º
JUNE 19, 2025
is pleased to announce that Ron Gusek, CEO of Liberty Energy and Amerino Gatti, Executive Vice President of Oilfield Services & Equipment for Baker Hughes have been confirmed as keynote speakers at EnerCom Denver – The Energy Investment Conference. (Oil The conference is free for qualified investment professionals.
The First Oil Well in the World – Bibi Heybat
Aresco
JULY 14, 2025
This ancient oil field is widely regarded as the location of the first mechanically drilled oil well in the world, predating Drake’s well by several years. The 1846 Breakthrough: Bibi Heybat Well In 1846, long before the American oil boom, the world’s first mechanically drilled oil well was completed at Bibi Heybat, just south of Baku.
OEUK responds to AR7 strike prices
Offshore Energies UK
JULY 24, 2025
Offshore Energies UK has today responded to the news that the Department for Energy Security & Net Zero (DESNZ) has increased the strike price caps and extended the duration for wind technologies in the upcoming Allocation Round 7 (AR7) Contracts for Difference (CfD) round. You can download it for free here.
APIKUR Welcomes Intensified Talks to Resume Oil Exports
Iraq Business News: Oil & Gas
JULY 14, 2025
The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP).
Iraqi Cabinet Approves Measures on Kurdish Oil Delivery
Iraq Business News: Oil & Gas
JULY 18, 2025
The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG). The remaining 230,000 bpd, along with any future increases, will be delivered to SOMO.
Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin
Oil & Gas 360º
JULY 10, 2025
(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. IKAV remains firmly committed to the belief that the world needs access to affordable and reliable energy.” Register to attend.
The Iberian green industrial opportunity: Carbon capture and storage
McKinsey
JULY 10, 2025
Renewable energy sources are rapidly expanding and driving the decarbonization effort, yet certain industries, particularly those with hard-to-abate (HtA) emissions, require additional solutions. âEuropean electricity prices and costs,â Ember Energy, accessed April 2025. percent, and the maximum rate raised from 1.6
Understanding the price of decarbonization
McKinsey
JUNE 16, 2025
1 âEmissions from electric vehicles,â US Department of Energy, accessed May 16, 2025. The increasingly fine-grained view into decarbonization allows companies or governments to identify potentially easy-to-adopt wins and even money-saving opportunities that can add up. Another crucial commodity for the energy transition is steel.
Oil Review Middle East - Untitled Article
Oil Review Middle East
JULY 31, 2025
Kazakhstan is changing the rules of the game for investors and its own future Kazakhstan, one of the key energy producers in Central Asia, is initiating a difficult but strategically necessary phasing out of the long-standing policy of deep subsidisation of domestic gas prices.
The Future of Fuel Gas Conditioning | Trends and Innovations
Pro-Gas Services
JUNE 15, 2025
The energy sector is in a state of constant, dynamic evolution. Here in Texas, the global epicenter of energy, this transformation is palpable. Today’s energy mix includes: Shale Gas: Often rich in heavy hydrocarbons and liquids that must be removed. It is a direct response to new challenges and new demands.
Namibia considers incentives to expedite TotalEnergies’ offshore development
Oil & Gas 360º
JUNE 20, 2025
The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of upstream petroleum unit in the Namibian Presidency, said in a reply to questions.
Vallourec Signs Contract to Supply OCTG for Qatar Drilling
Rigzone
JUNE 25, 2025
Vallourec said that the contract aligns with the goals of the Qatari government to increase the country’s oil production by 19 percent and liquefied natural gas (LNG) production by 85 percent by 2030. MORE FROM THIS AUTHOR Rocky Teodoro Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! 700K Industry Pros can’t be wrong.
Oil firms brace for impact as Brazil revamps tax benchmark
Oil & Gas 360º
JULY 25, 2025
(Oil Price) – Brazil has revised its rules for setting the reference price for crude oil produced in the country in a bid to boost government revenues from royalties paid by oil companies operating in Brazil. Last month, Bloomberg reported that Brazil’s government is looking to extract some $6.2 billion to date. Yet that $3.5
Harbour Energy Jumps the Most Since 2023 in London Trading
Rigzone
AUGUST 7, 2025
0% Brent Crude $66.39 -0.06% Natural Gas $3.08 +0.29% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Harbour Energy Jumps the Most Since 2023 in London Trading by Bloomberg | Olga Tanas | Thursday, August 07, 2025 | 10:35 AM EST Harbour Energy Plc, the UK's biggest independent oil and gas producer, jumped the most since 2023 in London trading.
Trump’s flip-flop on emergency oil reserves has its merits: Bousso
Oil & Gas 360º
JULY 10, 2025
But it contained only 403 million barrels of crude oil as of July 4, according to government data, which is far below the record level of 727 million barrels reached in 2010. The answer is probably no, given the seismic changes the country’s energy sector has undergone in recent years. oil consumption, when full. That put U.S.
Namibia Weighs Incentives to Kickstart TotalEnergies' Offshore Oil Plan
Rigzone
JUNE 19, 2025
“The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of upstream petroleum unit in the Namibian Presidency, said in a reply to questions. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
A New 26-Step Mechanical “Non-Mechanical” Framework For Interpreting Deeds Texas
Producer's Edge
JULY 2, 2025
When Anti-Mechanical Mantras Meet Methodical Reality What makes this case particularly instructive (and perhaps amusing) is how the court meticulously sets forth what it characterizes as not being a mechanical framework for interpretation. In Endeavor Energy Resources, L.P. The case Bush v. ” Id. Neuhoff , 596 S.W.3d
Ethereum turns 10: From scrappy experiment to Wall Street’s invisible backbone
CNBC: Energy
AUGUST 2, 2025
It was a fitting symbol of Ethereum's journey: from underground hacker dens to a network that governments, banks, and brokerages are now racing to build upon. The shift cut Ethereum's energy use by more than 99% and set the stage for upgrades aimed at making apps faster and cheaper to run on its base layer.
Seizing the agentic AI advantage
McKinsey
JUNE 13, 2025
Organizations that win will pair a clear strategy with tight feedback loops and disciplined governance, using agents to rethink how decisions are made and how work gets doneâand turning novelty into measurable value. It will be human: earning trust to drive adoption and establishing the proper governance protocols.
Ethereum is powering Wall Street's future. The crypto scene at Cannes shows how far it's come
CNBC: Energy
JULY 4, 2025
"From Robinhood embracing decentralized finance infrastructure via Arbitrum to local governments like the City of Cannes exploring deeper integration with the crypto economy." Skip Navigation Markets Pre-Markets U.S. "That impact was unmistakable this year," Falleur said. company to launch tokenized stocks on-chain.
Government dialogue vital for North Sea growth, UK jobs & energy security
Offshore Energies UK
MARCH 5, 2025
The UK Government should support continued production of homegrown oil and gas while accelerating renewables to ensure a successful future for the North Sea, according to the leading representative body for the UK offshore energy industry. That is important and welcomed. We must get this right and this means meaningful engagement.
Kazakhstan considers options to meet OPEC+ production cut obligations
Oil & Gas 360º
MAY 7, 2025
Kazakhstan, the largest over-producer in recent months, may be forced to make additional withdrawals from its oil fund by the fall to cover planned government spending amid lower prices, Halyk Financesaidin a research note. The Energy Ministry did not specify how it would achieve that level of production, and noted that the $48.5
OEUK says action needed on windfall tax to secure jobs, boost energy security and build for the future
Offshore Energies UK
MAY 30, 2025
The leading trade body, Offshore Energies UK (OEUK), has said the Government should remove the windfall tax on oil and gas profits by 2026. They are calling for it be replaced it with a competitive long-term mechanism that responds to future price shocks to encourage necessary investment in the UKs energy future.
Aviation emissions – new global deal looks likely
Global Energy
OCTOBER 3, 2016
Government officials are negotiating a market-based mechanism to reduce emissions in the international aviation industry. Ministers from over 190 countries […]
Emissions crackdown could fast-track Australian CCS projects
Energy Central
APRIL 10, 2023
SAFE GUARD MECHANISM IMPACT ON GAS PRODUCERS AND CCS The Australian Government's Safeguard Mechanism (Crediting) Amendment Bill 2023 has been passed by Parliament, with the new arrangements taking effect from 1 July 2023.The
OEUK responds to UK-EU summit and opening of energy talks
Offshore Energies UK
MAY 20, 2025
Offshore Energies UK (OEUK) says the opening of UK-EU talks on key areas such as grid linkage and emissions trading offers opportunities to drive down costs for homes and businesses, boost energy security and accelerate the drive to net zero.
Green Mortgages: Here’s What You Need to Know
Energy Refuge
DECEMBER 11, 2018
The majority of the population cannot afford housing without the help of financial mechanisms. These loans are also known as energy efficient mortgages (EEM’s). For example, loss of energy from inefficient insulation in the windows accounts for approximately 25% of the yearly cost of heating and cooling the home.
The Vietnamese Government has recently issued Decision No. 05/2024/QD-TTg on March 26, 2024, regulating the mechanism for adjusting the average retail electricity price. Effective - May 15, 2024
Energy Central
APRIL 2, 2024
Key points are as below: Annual Adjustment of retail electricity price: All-round factoring (generation, transmission, distribution, system operation, and market transaction management).
Overturning 8 Years of “Palpable Error,” The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation
The Energy Law
JULY 1, 2021
The “ LL&E II ” decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. If (and only if) an express contractual provision allows greater remediation than government standards, a jury may consider and award such “excess remediation” damages.
Serica to move to main exchange
Offshore Energies UK
MAY 23, 2025
Independent producer Serica Energy is moving to the Main Market of the London Stock Exchange later this year, chairman David Latin said in a trading statement May 22. See Serica press releases here The post Serica to move to main exchange appeared first on Offshore Energies UK (OEUK).
OEUK response to hydrogen allocation round shortlist
Offshore Energies UK
APRIL 7, 2025
A shortlist of UK hydrogen projects has been announced today (Monday 7 April) as part of a government push to boost hydrogen production. “The UK has the people, projects, and potential to make hydrogen a part of our energy future – but without urgent action, that opportunity could slip through our fingers.
Why Must Blockchain Be Part of Any Renewable Energy Platform?
Navigate Power
MAY 31, 2025
Are you struggling to find transparent, secure, and cost-effective solutions for your renewable energy investments? The integration of blockchain and renewable energy represents a revolutionary approach thats transforming how businesses procure, trade, and manage clean power. Why Is Blockchain Important in the Utilities Sector?
How Future Digital Energy Systems can help with cutting climate change?
Yokogawa
APRIL 18, 2024
Energy Transition Business Leader with a Passion for Innovation, Sustainability and Business Development Do we, as industry and society, have enough tools and motivation to stop global warming? For the time being, let’s call these structures Future Digital Energy Systems. What are Future Digital Energy Systems?
Baghdad Reaffirms Full Compliance with OPEC+ Agreement
Iraq Business News: Oil & Gas
FEBRUARY 24, 2025
This commitment was reiterated during a joint phone call between: Hayan Abdul Ghani Abdul Zahra, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil. HRH Prince Abdulaziz bin Salman Al Saud, Saudi Energy Minister. The government is preparing for the resumption of Kurdistan oil exports via the Iraq-Turkey pipeline.
Department of Interior Takes Steps to Update Offshore Wind Regulatory Scheme
The Energy Law
JANUARY 23, 2023
First, Interior issued a Final Rule, which reassigns the responsibilities for certain regulations governing offshore wind from BOEM to BSEE. The regulations transferred to BSEE include those governing the oversight of facility design, fabrication, and installation. Finally, BSEE will also oversee decommissioning activities.
Ministers of Petroleum, Environment, Civil Aviation Advance Coordination on ESAF Project
Egypt Oil & Gas
APRIL 17, 2025
Badawi said that the meeting reinforces the ministries’ joint efforts and demonstrates the government’s keenness on executing projects with significant economic and environmental value. It is greatly contributing to supporting local and international high-quality production.
Using AWS to satisfy carbon reporting requirements
AWS: Energy (Oil & Gas)
JUNE 2, 2025
According to the International Energy Agency (IEA) , total energy-related CO2 emissions increased by 1.1% This CO2 emissions growth is slowed down by growing clean energy deployment due to clean energy regulatory policies and tax incentives. This mechanism covers sectors with high carbon emissions. Gt in 2023.
Overturning 8 Years of “Palpable Error,” The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation
The Energy Law
JULY 1, 2021
The “ LL&E II ” decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. If (and only if) an express contractual provision requires greater remediation than government standards, a jury may consider and award such “excess remediation” damages.
Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells
The Energy Law
JUNE 21, 2022
All carbon crediting mechanisms require additionality—methane reductions are additional if the mitigating project would not have happened without the incentive of the carbon credits. Additionality is typically not met if the project is mandated by the government because it hinges on the creation of new methane reductions.
Fifth Circuit to Hold Oral Argument in Sojitz v. UNOCAL in April 2020
The Energy Law
MARCH 11, 2020
Sojitz Energy Venture, Inc. 250, Subpart N, as support for the notion that “BSEE’s primary enforcement mechanisms for violations of the decommissioning regulations are civil fines and criminal penalties,” police powers to which Sojitz cannot subrogate. Union Oil Co. of California , 394 F. 3d 687 (S.D. Parker Drilling Co. ,
How AMPECO is using AWS Globally to provide a reliable EV charging experience at scale
AWS: Energy (Oil & Gas)
FEBRUARY 17, 2025
Governments are strengthening their support for charging infrastructure, and a healthy mix of private and public chargers is emerging. Through its platform, AMPECO enables automotive OEMs, energy utilities, parking operators, and other infrastructure operators in managing and optimizing their EV charging networks.
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