SM Energy Hits 1,193 Boe/d Oily 30-Day IP with New Uinta Cube Wells
SM Energy CEO Herb Vogel says price downturns are catalysts for innovation and long-term strength. Still, SM is focusing on high-quality assets in the Permian, South Texas and Utah.
NeuVentus Holds Open Season for Up To 20 Bcf of Gas Storage
NeuVentus said the open season provides the opportunity to bid for up to 20 Bcf of firm storage service capacity at the first two caverns at the Texas Reliability Underground Hub.
There’s Something in the Permian’s Water, and That’s a Problem
Companies big and small are figuring out how to manage the Permian Basin’s unprecedented volume of produced water.
Keyera Expands Fractionation Capacity with KFS Frac III Project
Keyera Corp. is expanding its Fort Saskatchewan core fractionation hub with the 47,000-bbl/d KFS Frac III project for $500 million.
Halliburton, Rhino Resources Deliver Two Wells Offshore Namibia
These exploration wells located in PEL 85 are completed entirely from in-country infrastructure through Halliburton’s operational bases in Namibia.
Phillips 66 Sells Majority Interest in European Fuel Retailer
Stonepeak and Energy Equation Partners acquired a 65% interest in JET Tankstellen Deutschland from Phillips 66 in a transaction valuing the business at US$2.8 billion.
First Nations in Canada to Invest US$511MM in Enbridge Pipeline
A partnership consisting of 36 First Nations in British Columbia, Canada, is acquiring a 12.5% stake in the Enbridge Westcoast natural gas pipeline system on traditionally Indigenous land.
IEA Predicts Slower Oil Demand Growth for the Rest of 2025, Met with Jump in Supply
Summary IEA adjusts 2025 global demand growth forecast higher by 20,000 bpd IEA hiked 2025 global supply growth forecast by 380,000 bpd IEA sees lower oil prices hitting U.S. shale oil output growth IEA sees global demand growing slower for rest of this year (Reuters) – The International Energy Agency (IEA) said on Thursday that …
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Oil Slides 3% on Expectations for US-Iran Nuclear Deal
Summary Trump says US close to securing Iran nuclear deal US crude stockpiles rose last week IEA slightly upgrades 2025 oil demand growth forecast (Reuters) – Oil prices fell by about $2 on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions easing, while a surprise build in U.S. crude oil …
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Middle Swath of North America at Risk of Power Shortfalls This Summer, Regulator Says
(Reuters) – The middle section of the U.S. and Canada could have a shortfall of electricity this summer if higher-than-normal forecasted temperatures drive up demand as a changing mix of power supplies increases reliability risks, the organization overseeing the area’s grid said on Wednesday. Electricity demand in the United States and Canada has grown by …
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