Bakken Operator Phoenix Plans to IPO 10% Preferred Shares
The Bakken’s Phoenix Energy One’s initial public offering would raise $75 million for the E&P.
Venezuela Tensions Rise as US Warships Arrive in Southern Caribbean
Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. officials say aims to address threats from Latin American drug cartels. U.S. President Donald Trump has made cracking down on drug cartels a central goal of his administration, part of a …
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China Receives First Arctic LNG 2 Cargo Ahead of Putin’s Visit, Data Shows
Summary China receives first LNG cargo from sanctioned Russian project Putin to meet Xi at Shanghai Cooperation Organisation summit Potential signal for other buyers if no US reaction, analyst says SINGAPORE, Aug 29 (Reuters) – China received this week its first liquefied natural gas cargo from a sanctioned Russian project, ship-tracking data from Kpler and …
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China Seeks More Russian Gas via Old Link as New Pipeline Stalled
Summary Gazprom may ship extra 6 bcm per year to China via existing link Power of Siberia 2 pipeline talks stalled, sources say Putin-Xi meeting to focus on energy cooperation Russia seeks to send gas to China after losing EU markets (Reuters) – China is seeking to buy more Russian gas through an existing pipeline …
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Oil Faces Uphill Struggle as Supply Glut Worries Mount
Summary Quick Russia-Ukraine ceasefire deal very unlikely, analysts say Global oil demand seen growing between 0.5-1.1 mbpd in 2025 (Reuters) – Oil prices are unlikely to gain much traction from current levels this year as rising output from top producers adds to the risk of a surplus and U.S. tariff threats curb demand growth, a …
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Oil Prices Fall on Expected Weaker Demand, but set for Weekly Gain
OPEC+ meeting in focus Uncertainty over Russian supply impacts market sentiment Russian oil exports to India set to rise despite US pressure (Reuters) – Oil prices fell on Friday, but were set for a weekly gain, tugged between uncertainty about Russian supply and expectations of lower demand as the summer driving season in the United …
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US Energy Data Agency, After Staff Cuts, Delays Reports on Uranium, International Outlook
The U.S. government’s energy statistics arm, which has experienced staff cuts this year, said on Thursday it will delay publishing key energy data on uranium as well as its international outlook this year. The Energy Information Administration said its annual uranium marketing report that had been scheduled to come out in June will be published …
IES’ Monsoon Wind Power Reaches Commercial Operation
Impact Electron Siam’s (IES) Monsoon Wind Power project is a 600-megawatt, utility-scale wind farm located in Southern Laos.
Exploration Returns with Fewer Wells, Bigger Stakes, Smarter Data
Oil and gas exploration is returning to the spotlight as energy demand rises and companies seek new resources following years of declining investment and subsequently fewer discoveries.
Ex-Eagle Ford, Austin Chalk Operator Plans SPAC
Former Eagle Ford and Austin Chalk producer Craig Perry’s planned SPAC expects to buy in the energy, financial technology, real estate or general tech areas, according to an SEC filing.