伯恩斯坦能源日报 - 7月9日

eperCgiant' field in Libya (Reuters). BP has signed a provisional deal with Libya's state oil company es, analyst certifications and other www.bernsteinresearch.com AMERICASUS to produce less oil in 2o25 than previously expected amid declining prices, EIA says (Reuters). The U.S. will produce less oilin 2025 than previously expected as declining oil prices have prompted U.S. producers to slow activity this year,the Energy InformationAdministrationforecast on Tuesday in a monthly report.The world's largest oil produceris projectedto produce 13.37 million barrelsper day of oil in 2025, versus last month's forecast of 13.42 million bpd, the ElA said in its short-term energy outlook report. In 2026the U.S. will produce 13.37 million bpd, in line with the previous forecast.Hess to exit Suriname offshore oil block after partners leave over drilling risks (Reuters). Hess Corp has decided to withdrawfrom Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would nowreturntoStaatsolie."Hesshasfulfilled itsminimumwork obligationsanddecidednottoproceedtothenextphaseoftheexplorationperiod ending July 8, 2025,' Staatsolie said in a statement. ExxonMobil and Equinor had a year earlier exited from the block feelingthere was too much risk involved in drilling an exploration well, and Hess had since then been unable to find new partners to exploretheblock, itadded.: ExxonMobil projects $1.1 billion earnings hit from fluctuating oil prices (Upstream). ExxonMobil has warned that lowercommodity prices could cut its second-quarter earnings by $1.1 to $1.9 billion, according to a Monday trading update. Declines inreduce earnings by $300 million to $700 million. Oil markets saw sharp volatility in Q2, with Brent crude falling as low as $64.45 perbarrel in May, while WTI dipped to $62.17, both below Q1 levels. Gas prices also eased, with Henry Hub averaging around $3 perMMBtu. ExxonMobil, which earned $7.7 billion in Q1, is set to release its Q2 results on 1 August. Despite the guidance, shares wereup 2% in Tuesday morning trading.Texas project to build four nuclear plants is in talks with 'hyperscalers' (Reuters). Fermi, a Texas company looking to buildfour nuclear plants next to a U.S. nuclear weapons complex, said in documents revealed on Tuesday that it is talking with large datarenewable energy, is planned near the Department of Energy's Pantex nuclear weapons plant and in partnership with Texas TechUniversity.: Argentina's VMoS signs $2 bln loan to fund Vaca Muerta South project (Reuters). Argentina's VMOS signed a $2 billion loanto finance construction of the Vaca Muerta South pipine project, the company said in a statement on Tuesday. Vaca Muerta, a vaststate-run oil company YPF, Vista Energy Argehtina, Pampa Energia and Pan American Sur, said the loan has a five-year term and willbear interest at SOFR plus 5.5%. Thepipeline is already under construction and is expected to begin operations by the end of 2026with an initial transport capacitygf 180,000 barrels per day, increasing to a maximum of 550,000 bpd in 2027, the company added.EUROPEAN OIL & GAS 微1信BERNSTEINSOCIETECENERALECROUP MODELSBP/.LN / BP PLCENI.IM / ENI SpAGALP.PL / Galp Energia SGPS SAEUROPEAN OIL & GAS REP.SM / Repsol SASHEL.LN / Shell PLCTTE.FP / TotalEnergies SEAKRBP.NO / Aker BPEQNR.NO / Equinor ASAMARKETING DECKEuropean Oil & Gas Marketing DeckFocus on Norwegian-listed stocksRESEARCH CALLSOIL & PRODUCTS8 Jul 2025 - Shell 2Q trading update - Chemicals and trading disappoint8 Jul 2025 - Quick Take: Galp 2Q trading update - positive7 Jul 2025 - AE&T: The Four Horsemen of the Oilpocalypse, 2H25 edition16 Jun 2025 - European Oil & Gas porfolio bullet proofing: upgrading TotalEnergies up to OP/most preferred, Shell down to MP13 Jun 2025 - European Oil & Gas Weekly Wrap - June 13th6 Jun 2025 - European Oil & Gas Weekly Wrap - June 6th6 Jun 2025 - Bernstein Energy & Power: To EV or Not to EV...the real world experience of our Oils & Utilities analysts30 May 2025 - European Oil & Gas Weekly Wrap - May 30th2 1 May 2025 - Bernstein Energy: Global Oil Marginal Cost Survey 202515 May 2025 - IEA Oil Market Update - Initial perspectives. Positive update on positive demand revisions12 May 2025 - We are buyers of Shell and BP but unconvinced on Shell+BP9 May 2025 - European Oil & Gas Weekly Wrap - May 9th2 May 2025 - Bernstein Energy & Power: Drill baby drill...for geothermal30 Apr 2025 - Repsol Q1'25: Strategic delivery of 2bn 2025 asset disposals and ability to maintain investor distributions at stress macroscenario30 Apr 2025 - TotalEnergies 1Q: growth, low costs and balance sheet make $2bn quarterly buyback affordable at $60-65/bbl.28 Apr 2025 - Galp: resilient 1Q result - no particular news on Namibia25 Apr 2025 - European Oil & Gas Weekly Wrap - April 25th16 Apr 2025 - Shell: Best Idea Second Quarter 2025 - priced for recession, able to sustain buybacks at $60/bbl in perpetuity - OutperformEURO