** A top EOG Resources executive agrees U.S. shale oil production has likely peaked and is now in decline., reported Hart Energy. “I think U.S. shale oil has definitely slowed, there’s no doubt about it,” EOG COO Jeff Leitzell said June 24 in response to a question about peak U.S. oil at the JPMorgan Energy, Power, Renewables & Mining Conference.
** A group of more than 100 fishermen and fisherwomen known as Sea Services North America supplement their dwindling income by working for offshore wind farms, but President Donald Trump’s push against wind energy threatens those plans.
** Florida Gov. Ron DeSantis signs a bill to prevent oil drilling near the Apalachicola River and Apalachicola Bay after state regulators previously issued a draft permit for a company to drill an exploratory well there.
** The Mountain Valley Pipeline reaches a settlement with a protester who allegedly chained himself to equipment after he agrees to stay off the pipeline’s property and not interfere with its operations.
** An investigation shows Texas lawmakers have done little to fulfill their promises to force CenterPoint Energy to refund customers after its lackluster response to Hurricane Beryl led to lengthy outages last year.
World
** A leading UN expert is calling for criminal penalties against those peddling disinformation about the climate crisis and a total ban on fossil fuel industry lobbying and advertising, as part of a radical shake-up to safeguard human rights and curtail planetary catastrophe.
** Sona Comstar, India’s biggest importer of rare earth magnets, plans to locally manufacture the critical components used in electric vehicles, tapping into a government push to incentivise their production at home as China restricts their exports.
** The IEA is out with a report, Oil 2025, which predicts US oil supply is now expected to grow at a slower pace as companies scale back spending and focus on capital discipline. Still, among non-OPEC countries, the United States is set to remain the single largest contributor to global oil supply growth in the coming years.
