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E&P Highlights: June 30, 2025
Here’s a roundup of the latest E&P headlines, including an oil discovery by Equinor and an oil and gas lease sale in the Gulf of America.
Westwood Acquires CSRS to Strengthen Service Offerings
Westwood’s CSRS acquisition is part of the company’s strategy to expand into new regions while strengthening its service offerings.
Westinghouse, ITER to Assemble Nuclear Fusion Reactor for $180MM
Westinghouse will be responsible for completing the vacuum vessel at the ITER nuclear fusion facility in France.
Baker Hughes to Supply CO2 Tech for Eni CCS Project
Baker Hughes' CO2 compression technology will be used for CO2 re-injection as part of Eni’s Liverpool Bay carbon capture and storage project.
EOG COO: US Shale Peak Near as E&Ps Confront Declines
U.S. shale oil output may be nearing its ceiling, says EOG’s COO, as producers face mounting decline rates and investor pressure. With capital discipline taking priority over growth, even top operators wonder if the shale boom is plateauing.
Palantir Partners to Develop AI Software for Nuclear Construction
The deal follows U.S. President Donald Trump’s executive orders that aimed to boost U.S. nuclear energy production amid a boom in demand from data centers and AI.
Banks’ Oil, Gas Price Decks Steady Despite Global Uncertainty
Haynes Boone’s annual spring survey of energy lender price decks shows some near-term movement, before settling at fall 2024 survey prices with oil in the mid-$50s through 2034.
Rick Perry’s Fermi to Build Giant AI Nuclear, NatGas, Solar Center
Former U.S. Energy Secretary and Governor of Texas Rick Perry’s Fermi America announced a massive power and AI data campus integrating nuclear, natural gas, solar and energy storage capabilities.
Wil VanLoh Issues Warning: Embrace AI or Go Out of Business
Quantum Capital Group CEO Wil VanLoh warned oil and gas operators that the fear of AI doesn’t change anything—either way, it’s coming. Don’t get left behind, he said at Hart Energy’s Energy Capital Conference.
Is It Time for a Hydrogen Rebrand in the US?
The hydrogen production 45V tax credit might be on its death bed, but industry hope remains as thoughts turn to next steps to grow the sector under the Trump administration.