Sponsored by Cognite – <a href="https://www.cognite.com/en/ogpodcast">https://www.cognite.com/en/ogpodcast</a>



Mark and Paige record live from the Petroleum Accountants Society of Houston&#8217;s Annual Picnic Event at St Arnolds Brewery.&nbsp;



Aramco signs pacts worth up to $90 billion with U.S. companies



<a href="https://worldoil.com/news/2025/5/14/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</a>



U.S. Energy Department launches &#8216;largest deregulatory effort in history&#8217;



<a href="https://worldoil.com/news/2025/5/14/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</a>



U.S. crude production may decline in 2026 amid slowing global demand, S&P Global says



<a href="https://worldoil.com/news/2025/5/12/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</a>



Jobs held steady in April amid broad economic shifts, says Energy Workforce



<a href="https://worldoil.com/news/2025/5/8/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</a>



ExxonMobil gets one step closer for new $10 billion Gulf Coast facility



<a href="https://www.bicmagazine.com/projects-expansions/downstream/exxonmobil-gets-one-step-closer-for-new-facilty">https://www.bicmagazine.com/projects-expansions/downstream/exxonmobil-gets-one-step-closer-for-new-facilty</a>



Marathon outlines 2025 capital spending plans across refining and midstream segments



<a href="https://www.bicmagazine.com/industry/investment-banking/marathon-outlines-2025-capital-spending-plans-across-refining-midstream-segments">https://www.bicmagazine.com/industry/investment-banking/marathon-outlines-2025-capital-spending-plans-across-refining-midstream-segments</a>



Phillips 66 announces agreement to divest majority interest in Germany and Austria retail marketing business



<a href="https://www.businesswire.com/news/home/20250515040102/en/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</a>



Oil drops 2% on expectations for US-Iran nuclear deal



<a href="https://www.reuters.com/markets/commodities/us-oil-prices-drop-more-than-1-inventory-build-raises-oversupply-fear-2025-05-14">https://www.reuters.com/markets/commodities/us-oil-prices-drop-more-than-1-inventory-build-raises-oversupply-fear-2025-05-14</a>



EU&#8217;s plan to phase out Russian gas by end-2027



<a href="https://www.reuters.com/sustainability/climate-energy/eus-plan-phase-out-russian-gas-by-end-2027-2025-05-06">https://www.reuters.com/sustainability/climate-energy/eus-plan-phase-out-russian-gas-by-end-2027-2025-05-06</a>



Orsted cancels major UK wind project as economics worsen



<a href="https://www.constructionbriefing.com/news/orsted-cancels-major-uk-wind-project-as-economics-worsen/8056497.article?zephr_sso_ott=xqfCpY">https://www.constructionbriefing.com/news/orsted-cancels-major-uk-wind-project-as-economics-worsen/8056497.article?zephr_sso_ott=xqfCpY</a>



BP reports 48% profit drop as strategy chief exits



<a href="https://www.msn.com/en-gb/money/other/bp-reports-48-profit-drop-as-strategy-chief-exits/ar-AA1DQ0pd">https://www.msn.com/en-gb/money/other/bp-reports-48-profit-drop-as-strategy-chief-exits/ar-AA1DQ0pd</a>



OTC 2025 Announces Emerging Leaders Class



<a href="https://jpt.spe.org/otc-2025-announces-emerging-leaders-class">https://jpt.spe.org/otc-2025-announces-emerging-leaders-class</a>



Episode Links



Learn more about the Petroleum Accountants Society of Houston at <a href="https://www.pashcopas.org/">https://www.pashcopas.org/</a>.



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Oil and Gas This Week | May 21 2025 | Ep 379

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