Access to funding remains a major issue for fusion, says industry report

Wednesday, 23 July 2025 The fusion industry raised USD2.64 billion in private and public funding in the 12 months to July 2025, according to the latest annual Global Fusion Industry…

Oklo, Vertiv team up on data centre power and cooling

Wednesday, 23 July 2025 Oklo Inc is to collaborate with US critical digital infrastructure provider Vertiv on advanced power and thermal management solutions tailored specifically for hyperscale and co-location data…

North Dakota Rig Count Falls by 3 on the Month to 29 in July, State Regulator Says

(Reuters) – There are currently 29 rigs in North Dakota, down from 32 in June, the state regulator said on Tuesday. North Dakota is the third-largest oil-producing state. Get the…

North Dakota Oil Production Down 61,000 bpd in May vs April to 1,113,000 bpd – State Regulator

(Reuters) – Oil production in North Dakota fell 61,000 barrels-per-day (bpd) to 1,113,000 bpd in May, monthly data from the state Industrial Commission showed. The data was released on the…

Halliburton Forecasts Steep Full-Year Revenue Decline on Softer Demand

By and North America revenue to decline in low-double digits in 2025 2025 international revenue to contract by mid-single digits Trump tariffs to hit profit by $35 million in Q3…

Exxon in Talks With Trinidad for Seven Deepwater Blocks, Sources Say

By Exxon interested in blocks near Guyana’s Stabroek field Trinidad’s new PM aims to boost offshore investment Ongoing deepwater auction excludes Exxon’s desired blocks Trinidad open to bids outside auctions,…

Energy Firms Retreat From Global Net Zero Standard Setter

By At least three large oil and gas companies have walked away from an initiative seeking to put the industry on a credible path toward net zero emissions. Shell Plc,…

CNOOC Starts Heavy Crude Production at China’s Largest Shallow Oil Field

CNOOC Ltd, China’s top offshore crude oil and natural gas producer, has launched production of heavy crude from its Kenli 10-2 Oilfields Development Project, which is the largest shallow lithological…

U.S. Gasoline Prices Slide as Imports Surge and Summer Demand Sputters

Gasoline prices in the U.S. are flirting with a milestone not seen since 2021: a national average below $3 per gallon. The combination of tepid summer demand, surging imports, and…

COMMENTARY: Holes in EU Russia Sanctions Put Attention Back on Trump Oil Threat – Bousso

By Ron Bousso EU sanctions unlikely to impact Russia’s oil revenue severely India and China may continue buying discounted Russian crude Trump’s secondary sanctions could pressure Russia but risk global…