Industry News
| Rigzone.com: Latest News Headlines |
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| Borouge Partners with Honeywell to Develop Autonomous Operations in UAE |
| Borouge has partnered with Honeywell to conduct a proof of concept for AI-powered autonomous operations. |
| Dangote Plans to List Africa's Biggest Oil Refinery by Next Year |
| Aliko Dangote, Africa's richest person, plans a stock listing for his Nigerian crude oil refinery by the end of next year. |
| Russian Fuel Flows Decline to Lowest in 8 Months on Baltic Slump |
| Russian seaborne oil flows are closely watched by the market to assess its production since official data has been classified. |
| Oil Steady as OPEC+ Weighs Output Hike |
| WTI held above $65 as OPEC+ considered further production increases for August. |
| Equinor, Shell Unveil Name of UK North Sea JV |
| The incorporated JV, touted as the UK's biggest independent producer, is expected to launch by yearend. |
| Oil Tanker Rates Collapse as Conflict in Middle East Abates |
| The cost of shipping Middle East crude to customers in Asia collapsed on Thursday. |
| Analyst Highlights Natural Gas Contract 'Implosion' |
| Eli Rubin, an energy analyst at EBW Analytics Group, highlighted an 'implosion over the past week' in the July natural gas contract. |
| European Council, Parliament Reach Deal on Gas Storage Rule Extension |
| The European Council and Parliament reached a provisional deal on a proposal by to extend a regulation requiring that natural gas storage facilities be at least 90 percent full before the winter season. |
| Thailand's PTT Signs Cooperation Agreement with Glenfarne Alaska LNG |
| The agreement includes the potential procurement of 2 million metric tons per annum (mtpa) of LNG from Alaska LNG over a 20-year term. |
| EIA Fuel Update Shows Increasing USA Gasoline Price |
| In its latest gasoline fuel update, the U.S. Energy Information Administration showed an increasing price trend for U.S. regular gasoline. |
| Petrovietnam, JV Partners Sign PSC for Vietnam Block |
| When completed, the project will supply 125 billion standard cubic feet (Bcf) per day of natural gas to the domestic market. |
| Chevron Field in Israel Allowed to Resume Production |
| Israeli authorities allowed the Chevron-operated Leviathan natural gas and condensate field to restart production, after ordering a pause about two weeks ago amid Israel's exchange of attacks with Iran. |
| USA Crude Oil Inventories Drop by Almost 6 Million Barrels WoW |
| Crude oil stocks, not including the SPR, stood at 415.1 million barrels on June 20, the EIA's latest weekly petroleum status report showed. |
| Equinor Files Development Plan for Fram South in Norwegian North Sea |
| Fram South, with estimated recoverable volumes of 116 million barrels of oil equivalent, will unlock new gas for Europe. |
| MedcoEnergi to Acquire Stake in Corridor PSC in South Sumatra |
| MedcoEnergi has agreed to acquire Fortuna International (Barbados), which holds an indirect 24 percent stake in the Corridor PSC, from Repsol. |
| UAE Oil Partners Face Trading Losses after Surprise Supply Cut |
| An unexpected move by the UAE to cut volumes of a key oil grade sold to project partners including BP and TotalEnergies is set to put a dent in some trading books. |
| USA Allows Ethane Cargoes to Sail to China But Not Discharge |
| The Trump administration has eased recent export limits on a critical petroleum product that's used to make plastics. |
| WTI Edges Up as OPEC+ Meeting Looms |
| Geopolitical tensions eased, but market uncertainty remains with sanctions, diplomacy, and OPEC+ talks in focus. |
| Carlyle, Diversified Energy to Jointly Invest Up To $2B in US PDP Assets |
| Diversified Energy and Carlyle formed a partnership to invest up to $2 billion in proven developed producing natural gas and oil assets across the U.S. |
| Duke Energy Gets Emergency Authorization to Respond to Southeast Heat Wave |
| The DOE authorized Duke Energy Carolina to operate specific electric generating units within the company's area at maximum generation output levels. |
| NYT > Business > Energy & Environment |
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| A Special ‘Climate’ Visa? People in Tuvalu Are Applying Fast. |
| Nearly half the citizens of the tiny Pacific Island nation have already applied in a lottery for Australian visas amid an existential threat from global warming and sea-level rise. |
| Republicans Propose a New Way to Scrap Fuel Economy Rules: No Fines |
| For 50 years, automakers have had to increase the fuel efficiency of their vehicles or pay fines. The Republican megabill would set those penalties to $0. |
| Inside a Last-Ditch Battle to Save (or Kill) Clean-Energy Tax Credits |
| Supporters of tax breaks for wind and solar are fighting to retain them in the G.O.P. tax bill. They’re facing a conservative effort to kill them entirely. |
| Trump’s OSHA Nominee Has a History With Heat and UPS Drivers |
| David Keeling would take over the workplace-safety agency just as it is considering rules to protect against extreme heat. His former employers, UPS and Amazon, have opposed the rules. |
| This Vermont Soccer Team Plays for the Planet |
| The Vermont Green Football Club champions environmental work and draws sold-out crowds, with the help of free ice cream. |
| Trump Administration to End Protections for 58 Million Acres of National Forests |
| Agriculture Secretary Brooke Rollins said the Clinton-era rule barring road construction and logging was outdated and “absurd.” |
| Trump Confronts Potential for High Oil Prices After Iran Strikes |
| President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.” |
| Energy Markets Wait to See if Iran Will Close the Strait of Hormuz |
| The increase of around 3 percent is a sign that traders are concerned, though not panicked, about how Iran may respond. |
| Oil Companies Fight Climate Lawsuits by Citing Free Speech |
| The firms say their First Amendment rights are being violated when cities and states sue and accuse them of spreading misinformation about climate change. |
| Drought Is Hurting Global Food Supplies |
| Staples including wheat, beef and coffee are all being affected by the lack of rainfall. In some cases, prices are climbing to record highs. |
| Hybrid Cars, Once Derided and Dismissed, Have Become Popular |
| Automakers and car buyers are taking a second, harder look at hybrids after leaving them behind for electric vehicles. |
| How Black Lung Came Roaring Back to Coal Country |
| Once nearly eradicated, the “old man’s disease” is back and suffocating younger miners. Federal cuts risk putting a solution further out of reach. |
| Oil Prices Climb as Trump Calls for Iran’s ‘Surrender’ |
| They rose more than 4 percent as traders wondered if the United States would take a more active role in the conflict between Israel and Iran. |
| Elon Musk’s A.I. Company Faces Lawsuit Over Gas-Burning Turbines |
| The company, xAI, has installed several dozen turbines in Memphis without proper permits, the group said, polluting a nearby community. |
| Is Fake Grass Safe? A Manufacturer Sues to Stop a Discussion. |
| Four experts were sued for defamation ahead of a seminar where they planned to talk about research into the potential health risks on playgrounds and sports fields nationwide. |
| Trump’s Trade and Tax Policies Start to Stall U.S. Battery Boom |
| Battery companies are slowing construction or reconsidering big investments in the United States because of tariffs on China and the proposed rollback of tax credits. |
| Pangolins Should Receive Endangered Protections, U.S. Officials Say |
| The armored mammals are trafficked for their scales and meat. |
| Oil Prices Waver After Israel Strikes Iran’s Energy Assets |
| U.S. oil prices already jumped last week, which could cause prices at the pump to rise about 20 cents a gallon in the coming weeks, according to one estimate. |
| At U.N. Conference, Countries Inch Toward Ocean Protection Goal |
| More than 20 new marine protected areas in coastal waters were announced at the third U.N. ocean conference this week. Experts say thousands more are needed. |
| Oil Prices Could Climb Higher if Tensions Between Israel and Iran Escalate |
| A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs. |