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Home2025June

Month: June 2025

Crude Oil News

UK North Sea Oil and Gas: Jobs at Risk, Costs Skyrocketing, and the Anti-Fossil Fuel Push

June 3, 2025 Stu Turley

The UK’s North Sea has long been a powerhouse for oil and gas production, fueling the nation’s economy, supporting high-skilled jobs, and bolstering energy security. But with anti-fossil fuel regulations tightening their grip, the industry […]

Crude Oil News

Port of Corpus Christi celebrates completion of $625m channel deepening project – Investing in U.S. infrastructure, utilities, oil and gas is a top global priortiy.

June 2, 2025 Stu Turley

 Investing in U.S. infrastructure, utilities, and oil and gas is shaping up to be the safest investment globally. The port of Corpus Christi has launched itself onto the national stage through hard work and has […]

Price
Finance

Revenues from Tariffs Spiked to $23 Billion in May, up by 168% in 3 Months

June 2, 2025 Mariel Alumit

It’s not nothing: At this pace, tariffs would raise receipts from corporate taxes by 39%, but would make only a dent into the huge US deficit. By Wolf Richter for WOLF STREET. Collections from customs and certain excise […]

Saudi Arabia Is Turning Oil into AI Gold: Power Plans, Energy Mix, and Budget Dynamics
AI

Saudi Arabia Is Turning Oil into AI Gold: Power Plans, Energy Mix, and Budget Dynamics

June 2, 2025 Clark Savage

Saudi Arabia, the world’s oil titan, is leveraging its vast petroleum wealth to fuel an ambitious pivot toward artificial intelligence (AI) and technological innovation. As part of its Vision 2030 initiative, the Kingdom aims to […]

Price
Finance

S&P’s US Manufacturing PMI Shows “Solid” Growth Powered by Jump in Domestic New Orders. Canada & Mexico PMIs Tank

June 2, 2025 Mariel Alumit

But the ISM Manufacturing PMI for the US shows contraction on declining new orders. The contradicting PMIs of S&P and ISM add to the confusing “soft data.” By Wolf Richter for WOLF STREET. The two manufacturing PMIs for […]

Trump hits a wall created by Grok on X
Geopolitical

Russia-Ukraine Talks Stall: Will Congress Ramp Up Sanctions Pressure on Moscow?

June 2, 2025 Clark Savage

It has been clear for well over 6 months that President Trump does not have the information he needs to end the war in Ukraine, and we are watching peace slip through his fingers, which […]

Big Oil Companies

BP seals LNG SPA with India’s Torrent Power

June 2, 2025 Mariel Alumit

BP Singapore does not produce liquefied natural gas (LNG) itself, as it primarily functions as a trading and supply hub for BP’s global LNG operations rather than a production facility. Instead, BP Singapore sources LNG […]

Earnings

Venture Global’s CP2 LNG to start mobilization and site preparation

June 2, 2025 Mariel Alumit

ENB Pub Note: Update from LNGPrime.com below, and I added the summary from the Venture Global Q1 2025 report as we review investment discussions and opportunities. Venture Global expects to ship 367–389 LNG cargos in […]

Climate Crisis

New report: The true affordability of net zero – Special Guest Kathryn Porter

June 2, 2025 Mariel Alumit

New report: The true affordability of net zero – Special Guest Kathryn Porter This is a massive story about the UK and the EU on the path to Net Zero. We recognize that many energy […]

Exports

Cheniere kicks off Sabine Pass LNG maintenance

June 2, 2025 Mariel Alumit

Cheniere Energy, Inc., the largest U.S. LNG exporter, operates two major LNG facilities: Sabine Pass in Louisiana and Corpus Christi in Texas. Based on available data, Cheniere’s total LNG production capacity across these facilities is […]

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