What Caught My Attention:

Houston's Deepwater Port Plans - The development of a deepwater port is set to bolster Houston's status as a major oil hub, enhancing its strategic importance in the global energy market. RBN Energy

Daily Headlines

• Oil and Gas Discoveries by ONGC ONGC unveils significant oil and gas finds at key assets. Upstream Online

• Perenco's Congo Oil Discovery Perenco discovers oil offshore the Democratic Republic of the Congo, marking a notable achievement. Offshore Magazine

• Bitcoin and Energy Bitcoin becomes a more attractive investment due to energy dynamics. OilPrice

• State Officials Oppose Exxon Directors More state officials challenge Exxon directors over climate lawsuit. BOE Report

• International Petroleum Corporation's NCIB Results International Petroleum Corporation announces results of its normal course issuer bid. BOE Report

• Australia Gas Producers Endorse Government Strategy Australia gas producers support government strategy, warn of potential shortages this decade. BOE Report

• Oil Prices Fall on US Interest Rate Fears Oil prices decline due to concerns over high US interest rates impacting demand. BOE Report

• Argentina Positions as Mining Giant Argentina is positioning itself as a major player in the global mining industry. OilPrice

• Decom North Sea Award Winners Decom North Sea announces award winners for excellence in decommissioning. Energy Voice

• Large-Scale Nuclear Power Station in Wales Plans for a large-scale nuclear power station in Anglesey, Wales are unveiled. The Guardian

• Climate Funding Helps US Farmers Climate funding initiatives assist US farmers in reducing their energy bills. OilPrice

• Roman Romero Recognized Roman Romero is highlighted as a notable New Mexican to know. BizJournals

• RWE Expands in Pacific Northwest RWE focuses on renewable storage expansion in the Pacific Northwest. BizJournals

• Biden's Gasoline Reserve Sale President Biden announces the sale of gasoline reserves to stabilize prices. NY Times

• Texas Heat Wave and Power Demand Texas heat wave pushes power demand to an all-time high for May. BOE Report

• AI in Oilfield Efficiency Corva's predictive drilling technology boosts oilfield efficiency. Hart Energy

• Permian Recycling Facility Milestone Permian recycling facility achieves 50 million barrels of water recycling. Hart Energy

• Record Attendance at All-Energy 2024 All-Energy 2024 event sees near-record attendance with nearly 12,000 participants. Energy Voice

• New Methane Regulations in Ohio New methane regulations bring significant changes for Ohio's energy sector. WYSO

• China's Solar Export Concerns China's solar executives express fears that Western trade barriers could jeopardize exports. OilPrice

Deal Flow

M&A/Investment

• Exxon and Shell Weigh Bids for Galp Namibia Stake Exxon and Shell are considering bids for a stake in Galp's assets in Namibia, reflecting ongoing interest in the region. Rigzone

• 763997 Alberta Ltd. and Grafton Ventures Energy Holdings Business Combination 763997 Alberta Ltd. and Grafton Ventures Energy Holdings Corp. announce conditional approval for a business combination transaction. Business Wire

• WildFire Energy Acquires Apache Assets WildFire Energy announces the acquisition of Apache Corporation's Eagle Ford assets. BOE Report

• APA's $700 Million Asset Sales APA announces over $700 million in asset sales from two transactions involving non-core Texas properties. BOE Report

• Chevron-Hess Deal Vote Chevron and Hess face a crucial vote on their proposed merger deal. Hart Energy

IPO/Direct Listing/Issuances/Block Trades

• Horizon Petroleum Closes Private Placement Horizon Petroleum Ltd. successfully closes its private placement. Business Wire

• Digital Wildcatters and Society of Exploration Geophysicists Partnership Digital Wildcatters and the Society of Exploration Geophysicists announce a strategic partnership to advance AI innovation in the energy sector. Business Wire

Debt

• No significant debt-related headlines identified.

Only the Finest, Refined Memes:

Meme of the Day: #3

Meme of the Day: #2

Meme of the Day: #1