July 15, 2025

ConocoPhillips files to expand arctic drilling near $7.5 billion willow project

July 15, 2025

(Oil Price)– ConocoPhillips has submitted a formal application to federal regulators seeking approval to drill four new exploratory wells and conduct seismic testing west of its $7.5 billion Willow oil development in Alaska’s National Petroleum Reserve, Bloomberg reports. The proposal, filed with the Bureau of Land Management, would significantly extend the company’s Arctic footprint and marks its most ambitious exploration

Blackstone to invest $25 bln in data centers and natural gas plants, COO says

July 15, 2025

(BOE Report) – Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh. Gray said Blackstone had identified several sites to build large data centers and would also later be announcing with a

OPEC says world economy may do better in second half of year

July 15, 2025

(Investing) – LONDON -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries’ crude intake would remain elevated to meet the uptick in summer travel, helping to support the demand outlook. In a monthly report on Tuesday, the Organization of the Petroleum Exporting Countries left its forecasts for global

Google signs a record $3-billion hydropower deal to power AI

July 15, 2025

(Oil Price)– Google has signed a $3-billion agreement to source electricity for data centers from Brookfield Asset Management’s hydropower facilities, in the world’s largest corporate clean power deal for hydroelectricity, the asset manager said on Tuesday. The first contracts executed under the agreement to deliver up to 3 gigawatts (GW) of carbon-free hydroelectric capacity across the United States are for Brookfield’s

MidOcean emerges as lead bidder for Petronas’ Canada assets, sources say

July 15, 2025

(World Oil)– MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, has emerged as the frontrunner to buy a minority stake in Petronas’ Canadian business, people familiar with the matter said. Petronas, as the Malaysian state energy firm is known, has picked MidOcean as the preferred bidder, according to sources. The

Oil prices dip as traders weigh Trump’s Russia sanctions delay, Chinese GDP

July 15, 2025

(Investing) – Oil prices slipped lower Tuesday, continuing the previous session’s selloff after U.S. President Donald Trump provided Russia with additional room to end the Ukraine war before taking action. At 07:45 ET (11:45 GMT), Brent oil futures expiring in September ticked down 0.1% to $69.10 per barrel, while West Texas Intermediate (WTI) crude futures fell 0.2% to $66.88 per barrel. After an initial rally,

ConocoPhillips files to expand arctic drilling near $7.5 billion willow project

Blackstone to invest $25 bln in data centers and natural gas plants, COO says

OPEC says world economy may do better in second half of year

Google signs a record $3-billion hydropower deal to power AI

MidOcean emerges as lead bidder for Petronas’ Canada assets, sources say

Oil prices dip as traders weigh Trump’s Russia sanctions delay, Chinese GDP

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