Energy News Beat The U.S. energy sector continues to face headwinds as the latest data from Baker Hughes reveals another decline in the national rig count. As of July 25, 2025, the total U.S. rig count stands at 542, down by 2 from the previous week and a significant 47 rigs lower than the same […]
Energy News Beat Highlights: Generated cash from operating activities of $1,013 million, Non-GAAP Cash Flow of $913 million and Non-GAAP Free Cash Flow of $392 million after capital expenditures of $521 million Second quarter production was above the guidance range on every product with average total production volumes of 615 thousand barrels of oil equivalent per day (“MBOE/d”), including 211 thousand […]
Energy News Beat “On Mozambique, I’ll be clear, we are working, you know it’s a major project, and I would say we are working in order to ensure a very strong alignment between the government of Mozambique and the investors,” Pouyanne told analysts during the second-quarter earnings call on Thursday. “This is for me absolutely […]
Energy News Beat Source: X Reuters reported yesterday that Russia has imposed a sudden halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels — a move poised to disrupt over 2% of global crude […]
Energy News Beat Italian energy giant Eni S.p.A. (ENI) reported a significant 25% decline in its adjusted net profit for the second quarter of 2025, falling to €1.13 billion from €1.52 billion in the same period last year. This drop comes despite the company outperforming analyst expectations and making strides in strategic expansions, highlighting the […]
Energy News Beat In a significant setback for Ireland’s ambitions as a European hub for tech and data centers, Amazon Web Services (AWS) has canceled plans for a €300 million server rack manufacturing plant in Dublin’s Ballycoolin industrial zone. The decision, driven by delays in securing reliable electricity connections from Ireland’s grid operator ESB Networks, […]
Energy News Beat SANTA FE, N.M. – Today, the Department of the Interior announced the Bureau of Land Management New Mexico State Office leased 16 parcels totaling 7,501.76 acres for $58,260,939 in total receipts for its quarterly oil and gas lease sale. This is the third highest value for highest bid/acre for a parcel for BLM. […]
