July 31, 2025

AI boom will drive U.S. energy expansion, says interior secretary Burgum

July 31, 2025

(Oil Price)– Low oil prices may be squeezing U.S. shale producers, but Interior Secretary Doug Burgum isn’t worried. In a new interview with The National’s Hadley Gamble, Burgum predicted that skyrocketing demand from the tech sector—particularly AI data centers—will be the next great engine of growth for the American energy industry. “The tech guys are becoming the biggest customers in the

Repsol-NEO merger forms one of largest producers on UK Continental Shelf

July 31, 2025

(World Oil)– The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create one of the largest producers on the UK Continental Shelf (UKCS). The combined group has been renamed NEO NEXT Energy Limited. “This combination creates a jointly governed business which will call upon the key strengths of both shareholders,” commented Francisco

EU considers pooling demand from companies to buy more US gas

July 31, 2025

(BOE Report)– The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday. Under a framework trade deal the U.S. and EU agreed on Sunday, the European Union agreed to increase its purchases

U.S. steps up sanctions on Chinese imports of Iranian oil

July 31, 2025

(Oil Price)– The U.S. has sanctioned a fourth oil import terminal in China for receiving Iranian oil cargoes as the State Department expanded sanctions against entities involved in trade with Iran. The U.S. Department of State designated a fourth China-based crude oil and petroleum products terminal, Zhoushan Jinrun Petroleum Transfer Co Ltd, as it “has a demonstrated pattern of accepting Iranian crude

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 48 Bcf

July 31, 2025

Natural Gas Inventories as of July 25, 2025 The EIA has released its natural gas inventory report, showing a net increase of 48 Bcf as of July 25, 2025. Working gas in storage was 3,123 Bcf as of Friday, July 25, 2025, according to EIA estimates. This represents a net increase of 48 Bcf from the previous week. Stocks were

AI boom will drive U.S. energy expansion, says interior secretary Burgum

Repsol-NEO merger forms one of largest producers on UK Continental Shelf

EU considers pooling demand from companies to buy more US gas

U.S. steps up sanctions on Chinese imports of Iranian oil

Weekly Gas Storage: Inventories increase by 48 Bcf

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