(Oil Price) – Washington is putting real money behind advanced nuclear. The US Department of Energy is gearing up to hand X-energy another $1 billion for its planned nuclear project with Dow in Texas, bringing total federal funding available for the project since 2021 to as much as $2.15 billion. That is no longer demonstration-project pocket change. CEO Clay Sell
(Oil Price) – Shell (SHEL:NYSE) more than doubled its second-quarter earnings from a year earlier, as higher oil and gas prices, record refinery utilization, and strong trading boosted profits to above analyst expectations. Shell on Thursday reported adjusted earnings of $9.84 billion for the second quarter, more than double the $4.26 billion for the same period last year, and smashing analyst estimates
(BOE Report) – Shell and Phillips 66 are working on a potential sale of their stakes in the company which owns the Explorer refined products pipeline, in a deal that could value the major piece of U.S. energy infrastructure at around $3.5 billion, people familiar with the matter said. The move reflects how heightened demand for energy infrastructure assets, especially
(Oil & Gas 360) – Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies Limited presentation openings are available for E&P, Midstream, OFS, Energy Transition, and Emerging Technology companies Sponsorship opportunities are available for companies seeking to increase their market presence DENVER – July 8,
(Oil & Gas 360) – Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies Limited presentation openings are available for E&P, Midstream, OFS, Energy Transition, and Emerging Technology companies Sponsorship opportunities are available for companies seeking to increase their market presence DENVER – July 8, 2026 –
(By Oil & Gas 360) Month Ending: June 2026 – June marked a turning point for global energy markets; the month began with fears of war-driven supply disruptions and a potential closure of the Strait of Hormuz. By month’s end, markets had largely shifted toward pricing the reopening of shipping lanes and the return of supply. Yet beneath the falling
(By Oil & Gas 360) – Artificial intelligence is often described as the next industrial revolution. What receives far less attention is that every industrial revolution eventually runs into the same constraint: infrastructure. The explosive growth of data centers has sparked a national debate over electricity demand, grid reliability, and rising energy costs. It is tempting to blame data
(By Oil & Gas 360) – The financial markets are delivering a remarkable contradiction. At the same moment that the Strait of Hormuz remains one of the most consequential risks to the global economy, investors are preparing to embrace what is expected to be the largest IPO in history, valuing SpaceX at roughly $1.75 trillion despite the company remaining unprofitable
(Oil Price) – Asia will bear the brunt of the energy crisis unfolding as a result of the war in the Middle East, former IEA chief Nobuo Tanaka warned this week. Speaking at a hydrogen industry event in Malaysia, Tanaka said, as quoted by the Borneo Times, that “The first oil shock created the IEA in 1973. The second transformed industries and
(BOE Report) – Oilfield services provider Weatherford International said on Monday it has agreed to acquire energy technology firm NCS Multistage Holdings in a cash-and-stock deal. On a blended basis, Weatherford will pay the equivalent of 0.463 of its shares for each NCS share, with roughly 20% of the consideration in cash. Based on Reuters calculations, the deal values NCS
(By Oil & Gas 360) – May was supposed to be about stabilization. Instead, it became another month dominated by geopolitical disruption, volatile oil prices, shifting LNG flows, accelerating energy consolidation, and rising concerns about the long-term reliability of global supply. At the center of nearly everything remained the Iran conflict and the continued disruption surrounding the Strait of Hormuz, one of
(BOE Report) – U.S. President Donald Trump will arrive in Beijing this week for a summit with President Xi Jinping on May 14 to 15, where U.S. officials say a deal for Beijing to buy more U.S. energy could be under consideration. Tariffs imposed during the U.S.-China trade war have halted most Chinese imports of U.S. oil and LNG, which
