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• Norwegian Oil and Gas Workers Start Strike, Cutting Output
  Norwegian offshore workers began a strike on July 5 that will reduce oil and gas output, the...
  Norwegian offshore workers began a strike on July 5 that will reduce oil and gas output, the union leading the industrial action told Reuters.
  
  The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to Europe especially tight after Russian export cutbacks.
  
  “The strike has begun,” Audun Ingvartsen, the leader of the Lederne trade union said in an interview.
  
  Operator Equinor ASA has initiated a shutdown of three fields in the North Sea as a result of a strike, the company said on July 5.
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• What's Brewing Tuesday Morning
  Another one: Vauld, a crypto lender backed by Coinbase and Peter Thiel, paused withdrawals, trading, and deposits in order to survive Crypto Winter.
  
  Three people were killed in a shooting at a shopping mall in Denmark. Authorities said the gunman’s motives were not terror-related.
  
  Turkey’s annual inflation rate surged to 79%, the highest level in 24 years.
  
  GoFundMe donations have topped $300,000 for a Burger King worker who, after never missing a day of work for 27 years, was given a drawstring backpack, a movie ticket, and a few other knicknacks as a thank-you present by management.
  
  
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• Chesapeake leaders acquire more company shares
  Just a few days after Chesapeake Energy doubled its share buyback offer from $1 billion...
  Just a few days after Chesapeake Energy doubled its share buyback offer from $1 billion to $2 billion, some executives in the company acquired more shares in the Oklahoma City company.
  
  The expanded buyback program was announced on June 22 and reports filed with the U.S. Securities and Exchange Commission show at least three company executives launched their own acquisitions of company shares buying nearly $1 million in stock.
  
  Read the full article on OK Energy Today
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• $270 million acquisition expands Ascent’s holdings in Ohio
  Oklahoma City’s Ascent Resources, LLC announced its holdings in the Utica...
  Oklahoma City’s Ascent Resources, LLC announced its holdings in the Utica Shale in Ohio were expanded with the $270 million acquisition of new assets.
  
  The company did not identify the seller but said the acquisition expands Ascent’s asset base in the Ohio Utica Shale play by ~26,800 net acres and increases net production by approximately 60 mmcfe/d.
  
  Read More on this story from OK Energy Today
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• U.S. oil & gas rig count falls for first time in five weeks
  U.S. energy firms this week cut the number...

  U.S. energy firms this week cut the number of oil and natural gas rigs for the first time in five weeks even as crude production hit its highest in more than two years in response to tight worldwide supply and high prices.

  
  

  The total U.S. oil and gas rig count, an early indicator of future output, fell by three to 750 in the week to July 1.

  
  U.S. oil rigs rose one to 595 this week, their highest since March 2020, while gas rigs fell four to 153, in the biggest decline since August 2021.
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