Permian methane emissions dropped 50% in two years, analysts say
(World Oil)– The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization
Phillips 66 beats second-quarter profit estimates on higher refining margins
(BOE Report)– Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and lower turnaround expenses. Top U.S. refiners were expected to post higher second-quarter profit, rebounding from losses in the prior quarter as stronger-than-expected diesel
Permian methane emissions dropped 50% in two years, analysts say
(World Oil)– The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization
Global LNG production will drive supply surge in 2026, says IEA
(World Oil)– Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. The increase in supply will accelerate to 7%, or 40 billion cubic meters
Permian methane emissions dropped 50% in two years, analysts say
(World Oil)– The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization
US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses
(BOE Report) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows
US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses
(BOE Report) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows
Enbridge Announces 600-Megawatt Solar Project to Support Meta Platforms, Inc. Data Center Operations
Oil & Gas 360– CALGARY, AB, July 22, 2025 /CNW/ – Enbridge Inc. (Enbridge or the Company) announced that it has reached a final investment decision on Clear Fork, a 600 MW solar project in Texas. Clear Fork will be a utility scale solar facility located near San
Republicans move to cut U.S. funding for IEA
(Oil Price)– A House committee has approved a bill that the U.S. withdraw its funding to the International Energy Agency as the Republican lawmakers consider that the IEA has strayed from its mission to safeguard energy security and has been pushing green energy policies
HSBC, Goldman Sachs see Brent oil hitting $80-110 if Strait of Hormuz blocked
(Investing) – Brent crude oil prices could hit $110 a barrel if the Strait of Hormuz is blocked, Goldman Sachs analysts have forecast, while HSBC analysts see prices topping above $80. Prices for Brent could average around $95 in the fourth quarter of 2025, Goldman Sachs said in a
PJM issues grid alert amidst soaring temperatures
(Oil Price)– PJM Interconnection, the operator of the largest U.S. electric grid, has issued a maximum generation alert and load management alert for July 24 due to expected high peak load demand amid a heat wave. PJM Interconnection, whose area covers 13 mid-Atlantic and Midwest
