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Superior Narrows Losses

Oil & Gas‚ Oil and Gas Industry | intent | August 18, 2025 | Comment off

“We delivered a strong first-half and continue to build momentum as we advance our Superior Delivers transformation”, MacDonald said. “I’m also encouraged by the performance of our CNG business, especially given the challenges in the oil and gas sector. Through disciplined cost management and strong performance outside of the wellsite business, Certarus grew EBITDA by 5 percent in the first half of 2025 and maintained its leadership position in the market as the sector navigates a temporary cyclical slowdown”.

India Launches Deepwater Oil and Gas Exploration Mission

Oil & Gas‚ Oil and Gas Industry | intent | August 15, 2025 | Comment off

“India’s energy journey offers engagement opportunities with Indian companies across multiple areas, including joint participation in the upcoming OALP-X bidding round, collaboration on subsea manifold and offshore technology development, apart from deploying AI-driven solutions for digital transformation in upstream operations,” the Indian minister added.

EIA Shows US Crude Oil Inventories Growing

Oil & Gas‚ Oil and Gas Industry | intent | August 14, 2025 | Comment off

Crude oil inventories in the United States increased by 3.0 million barrels during the week ending August 8, after dropping by 3 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 426.7 million barrels according to government data, which is 6% below the five-year average for this time of year.

Rumors of Shale’s Peak Were Premature

Oil & Gas‚ Oil and Gas Industry | intent | August 14, 2025 | Comment off

During earnings season for the first quarter of the year, the message of the U.S. energy industry to the world was “Peak shale is here.” Now, three months later, the message has changed. Now, shale drillers are signaling there is still space to grow, so those expecting a decline after the peak will have to wait a bit longer.

Russia’s Fuel Exports Plummeted in July

Oil & Gas‚ Oil and Gas Industry | intent | August 14, 2025 | Comment off

Shipments of refined petroleum products out of Russia declined by 6.6% in July from the previous month, Reuters estimates showed on Wednesday, as domestic demand rose and capacity under planned maintenance increased.

AG&P LNG to Acquire South Australia LNG Project

Oil & Gas‚ Oil and Gas Industry | intent | August 14, 2025 | Comment off

Venice Energy has signed an agreement to sell its LNG project in South Australia, expected to reach a FID (final investment decision) this year, to AG&P LNG.

ExxonMobil’s return to Trinidad puts $21.7 billion on the table

Oil & Gas‚ Oil and Gas Industry | intent | August 14, 2025 | Comment off

The awarded acreage, located northwest of Guyana’s prolific Stabroek block, is larger than Trinidad and Tobago’s landmass. The production-sharing contract marks ExxonMobil’s return to the country after a 20-year absence.

Venture Global wins LNG arbitration dispute against Shell

Oil & Gas‚ Oil and Gas Industry | intent | August 14, 2025 | Comment off

Venture Global Inc., one of the largest U.S. exporters of liquefied natural gas, has prevailed over oil giant Shell Plc in an arbitration case over the sale of cargoes from its first export plant, capping a two-year fight.

Global oil markets will face record surplus in 2026, says IEA

Oil & Gas‚ Oil and Gas Industry | intent | August 14, 2025 | Comment off

Oil inventories will accumulate at a rate of 2.96 million bpd, surpassing even the average buildup during the pandemic year of 2020, data from the IEA’s monthly report showed. World oil demand this year and next is growing at less than half the pace seen in 2023.

ConocoPhillips awards Halliburton multi-year North Sea services contract

Oil & Gas‚ Oil and Gas Industry | intent | August 14, 2025 | Comment off

ConocoPhillips has contracted Halliburton to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans five years and includes three optional extension periods.

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