Innovex Closes Divestment of Subsea Tree Product Business
The public oilfield services firm was formed in 2024 through the merger of Dril-Quip Inc. and Innovex Downhole Solutions.
Now Hiring: A ‘George Mitchell’ for Geologic Hydrogen
The search need for a geologic hydrogen pioneer is unfolding growing as energy demand rises and efforts to reduce emissions continue. Researchers are looking at a variety of techniques to pull hydrogen out of source rock, but there’s no perfect process just yet.
Is OPEC’s Supply Surge a Precautionary Move or a Market-Share Grab?
Crude shipments from key Middle East producers reached a two-year high in June. By Julian Lee Oil producers in the Middle East boosted crude shipments by 1 million barrels a day last month. But don’t worry: They say they’re not embarking on another free-for-all like the one we witnessed just before the Covid-19 pandemic crushed demand. The …
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TotalEnergies Sells Renewable Assets in Portugal, Buys Them in Dominican Republic
(Reuters) – TotalEnergies has sold 50% of its portfolio of renewable assets in Portugal and bought a half of AES’s renewable energy portfolio in the Dominican Republic, it said on Wednesday. The Portuguese assets were sold to a consortium composed of MM Capital Partners 2, Daiwa Energy & Infrastructure and Mizuho Leasing for 178.5 million …
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Despite Last-Minute Changes, US Senate Bill Deals Big Blow to Renewable Energy
Summary Senate bill complicates new wind, solar projects Bill could lead to higher utility bills, job losses House urged to improve usability of wind, solar tax credits (Reuters) – The U.S. Senate’s massive budget bill that passed on Tuesday will make it harder to develop wind and solar energy projects, despite the removal of some contentious provisions, industry …
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Trump Says US Will Fill Oil Reserves When Market Conditions are Right
U.S. President Donald Trump said on Tuesday that he plans to fill up the U.S. strategic petroleum reserve when the market conditions are right.
US LNG Exports Fall in June Due to Plant Maintenance
U.S. liquefied natural gas exports fell to their second lowest monthly level for the year in June, as maintenance work at some of the country’s largest export facilities hurt output, according to preliminary data from financial firm LSEG. The United States, the world’s top exporter of LNG, sold 8.4 million metric tons of the superchilled …
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Family Offices Deploy Long-Term Capital to Oil, Gas
Family offices are stepping up with capital to fill in a large—but narrowing—investment gap between private equity’s pre-COVID days and now, said Stephens Managing Director Brad Nelson at Hart Energy’s Energy Capital Conference.
New Era Helium, Sharon AI JV Enter Deal for Data Center in Permian
Under terms outlined in a letter of intent, the joint venture contemplates acquiring land and a 250-megawatt power purchase agreement for behind-the-meter electricity.
The US Shale Rig Count is Not Falling, Data Show
The net change in the U.S. horizontal rig count is seven rigs—1% —fewer than at year-end 2024, a Hart Energy analysis shows. Instead, the sub-$70 oil price has displaced rigs targeting non-shale targets.