OPEC+ In Process of Retaking Market Share

Wednesday September 03, 2025 – OPEC+ is in the process of retaking market share, SEB analysts said. 

Venezuela’s Oil Exports Rise to 9-Month High as Cargoes Return to US

The resumption of Chevron flows to the U.S., coupled with larger cargoes to Venezuela’s primary destination of China, led to a 27% increase in exports last month to an average…

Saudi Arabia Leads OPEC Output Increase

OPEC crude production rose by about 400,000 barrels per day (bpd) in August, reaching 28.55 million bpd, according to a Bloomberg survey published on Wednesday. Saudi Arabia accounted for just…

TVA, ENTRA1 Energy team up for SMR deployment

The six ENTRA1 Energy Plants, each powered by multiple NuScale Power Modules, could provide enough energy to power the equivalent of some 4.5 million homes or 60 new data centres,…

Angola urges more onshore investment to boost oil production

(Bloomberg) – Angola’s president urged energy companies to boost investment in onshore oil fields to counter a sustained decline in crude production.  “Onshore exploration must be stimulated and promoted,”…

UK committed to nuclear expansion, conference told

“Here in the UK, the Department for Energy and Security Net Zero (DESNZ) is focused on delivering two key missions: kick-starting economic growth, and making Britain a clean energy superpower,…

Open Group focuses on nuclear for industrial applications

The consortium founding members – Chevron, ConocoPhillips, ExxonMobil, Freeport-McMoRan, Nucor, Rio Tinto, and Shell – represent large industrial users of power and heat. These members will leverage their integration and…

EBRD’s ‘evolving view’ on new nuclear projects

Mark Bowman, vice president for policy and partnerships at the European Bank for Reconstruction and Development (EBRD), told World Nuclear Association’s Finance Summit in London, that across its 35-year history…

‘Difficult to overstate demand from institutional investors’ for nuclear

Victoria Kalb, Managing Director, Global Head ESG & Sustainability Research, for UBS, said “the demand from the institutional investors that we speak to on nuclear – it’s difficult to overstate…

ConocoPhillips Says it Will Cut Workforce by 20-25%, Shares Fall

(Reuters) – U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce amid a broader restructuring program, a company spokesperson said on Wednesday. Shares of the company were…