Energy 9 August 2025

Weatherford Shares Slip After ExxonMobil Nigeria News
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Weatherford Shares Slip After ExxonMobil Nigeria News

Weatherford International shares fell 1.1% to $108.79 Friday after announcing a new deepwater completions contract with ExxonMobil’s Nigerian affiliate. The company did not disclose the contract value. Investors weighed the deal against ongoing Middle East disruptions and uneven regional activity. First-quarter revenue dropped 3% to $1.15 billion, while net income rose 42% to $108 million.
May 23, 2026
Hydrogen Storage Revolution
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The Hydrogen Storage Revolution: Unlocking Clean Energy’s Missing Link

NREL and GKN Hydrogen commissioned a 500 kg hydrogen metal hydride tank in Colorado in late 2024. Uniper began filling a salt cavern with hydrogen in Germany in September 2024, reporting successful sealing and retrieval. Hydrogenious is building a 1,800-tonne-per-year LOHC plant in Germany, with approval expected in April 2025. NASA’s late-2024 test cut liquid hydrogen tank boil-off by about 50%.
August 9, 2025
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Stock Market Today

  • Oil prices drop below $100 on Iran peace deal hopes, markets rise
    May 25, 2026, 8:37 AM EDT. Oil prices fell below $100 a barrel for the first time in two weeks as hopes grow for a US-Iran peace deal. Brent crude dropped 5.5% to just under $98. The conflict's focal point remains Iran's blockade of the Strait of Hormuz, a critical energy chokepoint. Equity markets responded positively, with Japan's Nikkei up nearly 3% and Europe's Stoxx 600 rising 0.8%. The dollar weakened while the pound hit its highest level since May. Analysts caution markets remain wary as past negotiations have stalled. Inflation fears have driven central banks to consider further rate hikes, with the Bank of England expected to raise rates twice in 2024.