Oil and Gas This Week | May 21 2025 | Ep 379
Sponsored by Cognite – https://www.cognite.com/en/ogpodcast Mark and Paige record live from the Petroleum Accountants Society of Houston’s Annual Picnic Event at St Arnolds Brewery. Aramco signs pacts worth up to $90 billion with U.S. companies https://worldoil.com/news/2025/5/14/aramco-signs-pacts-worth-up-to-90-billion-with-u-s-companies U.S. Energy Department launches ‘largest deregulatory effort in history’ https://worldoil.com/news/2025/5/14/u-s-energy-department-launches-largest-deregulatory-effort-in-history U.S. crude production may decline in 2026 amid slowing global demand, S&P Global says https://worldoil.com/news/2025/5/12/u-s-crude-production-may-decline-in-2026-amid-slowing-global-demand-s-p-global-says Jobs held steady in April amid broad economic shifts, says Energy Workforce https://worldoil.com/news/2025/5/8/jobs-held-steady-in-april-amid-broad-economic-shifts-says-energy-workforce ExxonMobil gets one step closer for new $10 billion Gulf Coast facility https://www.bicmagazine.com/projects-expansions/downstream/exxonmobil-gets-one-step-closer-for-new-facilty Marathon outlines 2025 capital spending plans across refining and midstream segments https://www.bicmagazine.com/industry/investment-banking/marathon-outlines-2025-capital-spending-plans-across-refining-midstream-segments Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business https://www.businesswire.com/news/home/20250515040102/en/Phillips-66-announces-agreement-to-divest-majority-interest-in-Germany-and-Austria-retail-marketing-business Oil drops 2% on expectations for US-Iran nuclear deal https://www.reuters.com/markets/commodities/us-oil-prices-drop-more-than-1-inventory-build-raises-oversupply-fear-2025-05-14 EU’s plan to phase out Russian gas by end-2027 https://www.reuters.com/sustainability/climate-energy/eus-plan-phase-out-russian-gas-by-end-2027-2025-05-06 Orsted cancels major UK wind project as economics worsen https://www.constructionbriefing.com/news/orsted-cancels-major-uk-wind-project-as-economics-worsen/8056497.article?zephr_sso_ott=xqfCpY BP reports 48% profit drop as strategy chief exits https://www.msn.com/en-gb/money/other/bp-reports-48-profit-drop-as-strategy-chief-exits/ar-AA1DQ0pd OTC 2025 Announces Emerging Leaders Class https://jpt.spe.org/otc-2025-announces-emerging-leaders-class Episode Links Learn more about the Petroleum Accountants Society of Houston at https://www.pashcopas.org/ . Brought to you on OGGN , the largest and most listened to podcast network for the oil and energy industry. Don’t forget to ask a question for our next First Friday Q&A . You ask the questions and we answer them. Enjoying the show? Leave us a review here . Sign up for OGGN newsletters here . Visit the OGGN Merch store here . Curious about podcast advertising? Learn more here . The Weekly Rig Count by Baker Hughes https://rigcount.bakerhughes.com/rig-count-overview More from OGGN … Podcasts LinkedIn Group LinkedIn Company Page