The real increase in output will likely be smaller than the headline figure, with perhaps only half reaching the market. By Julian Lee Oil ministers from OPEC+ members agreed on another big increase in production targets for July. But is there room for those barrels without crashing prices? A third straight boost of 411,000 barrels a day will …
The OPEC+ Production Boost May Have a Bigger Bark Than Bite Read More »
(Reuters) – Russian energy giant Gazprom’s average daily natural gas supplies to Europe via the TurkStream undersea pipeline increased by 10.3% in May from a month earlier, Reuters calculations showed on Monday. Turkey is the only transit route left for Russian gas to Europe after Ukraine chose not to extend a five-year transit deal with …
Russian Pipeline Gas Exports to Europe Rose 10% m/m in May, Data Shows Read More »
In the age of AI, how can you use technology to digitize land records, shorten project timelines, reduce costs, and improve accuracy? Join us on June 11 to learn how advanced AI technologies are being applied to modernize land records management. Michelle Uzick, Manager of Land Records Services at Pandell, and Dean Ruston, Senior Account …
FREE Pandell Leadership Series Webinar: AI for Smarter Land Records & Data Quality Read More »
By Blake Ericson & Elizabeth McGurk In today’s energy landscape, methane emissions reduction has become a defining challenge. Driven by rising expectations from regulators, investors, and global markets, energy operators are under pressure to provide concrete and credible data—not just estimates. According to the International Energy Agency (IEA), methane emissions from fossil fuel operations are …
Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower. Carney, in his first visit to Calgary since being sworn in as prime minister, held a closed door roundtable with more than two dozen …
(Reuters) – Oil prices rebounded more than $1 a barrel in early Asian trade on Monday after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, in line with market expectation. Brent crude futures climbed $1.06, or 1.69%, to $63.84 a barrel by …
Oil Rebounds After OPEC+ Sticks to Same Output Hike in July vs June Read More »
Summary Eight OPEC+ members met online OPEC+ cites steady economic outlook, healthy market fundamentals (Reuters) – OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May and June, as the group of oil-producing countries continues to bring back supply more rapidly than earlier planned. Eight …
OPEC+ Agrees to Further Accelerated Oil Output Hike for July Read More »
Summary Brent and WTI down over 1% this week OPEC+ could discuss bigger July output rise at Saturday meeting Trade uncertainty continues after US appeals court decision (Reuters) – U.S. crude futures fell on Friday as traders expected OPEC+ would decide on Saturday to boost oil output for July beyond previous forecasts. Brent crude futures …
PwC data show the share of energy companies on track for Scope 1 and Scope 2 targets fell to 52% in 2024 from 57% in 2023. Scope 3 saw an even bigger fall, going from 67% to 52%.
The canceled awards, largely for CCS and decarbonization initiatives, include a $332 million award to Exxon Mobil Corp.
