October 7, 2025

Shell’s Q3 profit soars on strong trading and production

October 7, 2025

(Oil Price) – Strong gas trading, higher upstream production and liquefaction volumes, and increased refining margins are expected to boost Shell’s third-quarter earnings, the supermajor said in a trading update on Tuesday. Shell said in its third quarter 2025 update note that trading and optimization in its Integrated Gas division is expected to be “significantly higher” for the third quarter compared

Trump administration mulls additional $12 billion clean energy funding cut

October 7, 2025

(Investing) – The U.S. government is considering cancelling $12 billion in Congressionally-mandated funding for clean energy projects beyond the cuts announced last week, a list of targeted projects seen by Reuters showed. The projects on the list include two major direct air capture hubs that received billion-dollar awards from the administration of former President Joe Biden, including one that involves

Chevron shakes up exploration with new hire from TotalEnergies

October 7, 2025

(BOE Report) – Chevron on Tuesday named a new head of global exploration as CEO Mike Wirth works to improve the company’s track record in discovering new sources of oil and gas. Kevin McLachlan will become vice president of exploration effective Nov. 1, succeeding veteran executive Liz Schwarze, who will retire in February after 36 years with Chevron, the U.S. oil

Low oil prices: Saudi gift to Trump or ticking bomb?

October 7, 2025

(Oil Price)– OPEC+ yesterday agreed to yet another monthly boost in production, this time for a modest 137,000 barrels daily. Oil prices inched up, yet they remain tightly range-bound, with Brent at just over $65 per barrel following the news. On the one hand, this is good news for consumer countries—including the U.S. On the other hand, it’s bad news for

ReconAfrica advances drilling at Kavango West 1X exploration well in Namibia

October 7, 2025

(World Oil)– Reconnaissance Energy Africa Ltd. (ReconAfrica) reports that drilling operations are progressing on schedule at the Kavango West 1X exploration well in Namibia’s Damara Fold Belt. The company has set its final casing string at a depth of approximately 2,300 m, just above the targeted Otavi carbonate reservoir, and is now drilling ahead into the primary objective. President and

Zephyr Energy announces huge reserves boost, production potential in Paradox basin

October 7, 2025

(World Oil)– Zephyr Energy plc announced the results of an updated Competent Person’s Report (CPR) for its Paradox basin assets in Utah, revealing a major upgrade in reserves and resource estimates for the company’s flagship Paradox project. The report, compiled by Sproule-ERCE International Ltd., shows significant progress as the development advances toward full commercial production. According to the CPR, proved

Shell’s Q3 profit soars on strong trading and production

Trump administration mulls additional $12 billion clean energy funding cut

Chevron shakes up exploration with new hire from TotalEnergies

Low oil prices: Saudi gift to Trump or ticking bomb?

ReconAfrica advances drilling at Kavango West 1X exploration well in Namibia

Zephyr Energy announces huge reserves boost, production potential in Paradox basin

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