U.S. shale production is set to fall next month for the first time this year (from Reuters via Nasdaq.com on July 17)…

U.S. shale oil production is set to fall to nearly 9.40 million barrels per day (bpd) in August, which would be the first monthly decline since Dec. 2022, data from the Energy Information Administration showed on Monday. Output from the Permian basin, the top oil producing region in the country, is set to fall to

The shale oil industry is shutting down drilling rigs at the fastest pace in years (from The Wall Street Journal on July 17)…

The shale patch is shedding rigs at the fastest pace since the height of the Covid-19 pandemic despite healthy oil prices.  Behind the drop in rigs is a tale of the haves and the have-nots. Private companies, which added rigs at a breakneck pace as the pandemic abated, have drilled up many of their best

A startup aimed at commercializing a more advanced form of nuclear energy – and backed by OpenAI founder Sam Altman – is set to go public (from the Financial Times on July 11)…

A nuclear fission start-up backed by Sam Altman is to go public through a merger with a special purpose acquisition company set up by the OpenAI chief executive in a deal that values the business at $850mn.  Oklo, where Altman serves as board chair, has agreed a transaction with AltC Acquisition Corporation, a blank-cheque company