OilPrice
MARCH 17, 2025
Via Metal Miner It was an intervention that was the subject of rumors, and now its coming true. China, the worlds largest steelmaker and consumer, recently announced it would be restructuring its steel industry through cuts in crude steel output, a move many analysts and experts call China protecting its own turf.
Marcellus Drilling News
MARCH 17, 2025
The Baker Hughes U.S. national rig count did not gain or lose last week—staying even with 592 active rigs. As for the Marcellus/Utica, the rig count was a combined 35 last week. Rigs focused on the Marcellus were a combined 24 across the three M-U states of Pennsylvania, West Virginia, and Ohio. Rigs focused on. The post Natl Rig Count Even @ 592; Marcellus Even @ 24, Utica Even @ 11 first appeared on Marcellus Drilling News.
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OilPrice
MARCH 17, 2025
The United States clean energy revolution is tangled up in a sea of red tape and litigation woes. Complex bureaucratic processes, long wait times to connect to the grid, and local-level opposition has severely slowed down the buildout of utility-scale renewable energy projects across the country, dampening projections for the sectors growth. In 2024, the International Energy Agency issued a call to action for developed nations, urging them to simplify permitting processes for new renewable energ
Marcellus Drilling News
MARCH 17, 2025
An article appearing in the Virginia Center Square online publication does a masterful job of what we call “burying the lead” in the newspaper business. The headline of the article is “Dominion’s Chesterfield gas plant could cost ratepayers $4.5B.” Dominion Energy plans to build small peaker electric generating plants in Chesterfield County, VA, near Richmond.
OilPrice
MARCH 17, 2025
Ideas to resurrect the Nord Stream gas pipelines from Russia to Germany are the wrong direction of discussion, Germanys outgoing economy and energy minister Robert Habeck said on Monday. The Ukrainians are still under the aggression of Russia. So I think talking about the potential of Nord Stream 2 or Nord Stream 1, if it's going to be repaired, is completely the wrong direction of discussion, Habeck said in Brussels today, as carried by Reuters.
Marcellus Drilling News
MARCH 17, 2025
We feel like it’s “peaker” day here at MDN. We have three stories that revolve around peaker gas-fired power plants. What is a peaker? It’s a gas-fired power plant that pops on and gets used only during the heaviest electric usage times, like really hot days in the summer and really cold days during the. The post LS Power Plans to Upgrade 2 Peaker Gas Plants in PA, OH to Baseload first appeared on Marcellus Drilling News.
OilPrice
MARCH 17, 2025
Goldman Sachs commodity analysts cut the banks price outlook for crude oil, basing the revision on expectations of slower U.S. economic growth and additional OPEC+ supply. While the $10 a barrel selloff since mid-January is larger than the change in our base case fundamentals, we reduce by $5 our December 2025 forecast for Brent to $71, the team said in a note, adding that The medium-term risks to our forecast remain to the downside given potential further tariff escalation and potentially longe
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OilPrice
MARCH 17, 2025
UK manufacturing output fell during the first quarter of the year for the first time in a decade, as fears over a global trade war and rising taxes hit firms. Output fell one per cent in the first three months of 2025 after a 20 per cent rise in the quarter before, with UK orders dropping seven per cent, according to data from industry body Make UK.
Marcellus Drilling News
MARCH 17, 2025
The Passaic Valley Sewerage Commission operates the largest sewage treatment plant in New Jersey in Newark. When Hurricane Sandy hit in 2012, the sewer plant lost power and dumped BILLIONS of gallons of raw sewage into the Passaic River. The Commission plans to prevent that from happening again by building a tiny natural gas. The post Tiny Newark Gas Peaker Approved by EPA, Set to Begin Construction first appeared on Marcellus Drilling News.
OilPrice
MARCH 17, 2025
U.S. natural gas futures eased to a two-week low on Monday amid record output, negative spot prices at the Waha Hub and forecasts for mild weather. Natural gas at the Waha hub--a regional pricing hub for gas in the Permian Basin in West Texas--sold for near-zero or sub-zero prices for much of 2024, a trend that has continued in the current year. Indeed, prices at the hub spent 164 days in negative territory and hit an all-time low -$7/mmbtu at the end of August, truly historical lows.
Malcolm Graham Wood
MARCH 17, 2025
Oil is only just holding its ground but in these markets that is outperformance. Today DEC has results with a very confident outlook. Sound is seeing the new operator in Morocco giving some clout operationally which is good and Reabold has hired a new, top quality NED at Rathlin. And Predator didn't find what it wanted to in Morocco. The post Oil price, DEC, Reabold, Sound, Predator.
OilPrice
MARCH 17, 2025
The highly anticipated $945 million acquisition deal between Carlyle and Energean is reportedly facing serious obstacles. According to statements from Energean and industry insiders, Carlyles offer is encountering unresolved regulatory hurdles in Egypt and Italy. Energean has confirmed that specific approvals in these countries are still pending. The situation jeopardizes the entire deal, as the deadline for its completion is this week, and no extension has been agreed upon so far.
BOE Report
MARCH 17, 2025
Clean Electricity Regulations put Alberta grid at risk for minimal emissions reductions ByCody Ciona Alberta is at risk of power outages by the mid-2030s as a result of the federal governments Clean Electricity Regulations (CER), says anew reportby the Alberta Electric System Operator (AESO).
OilPrice
MARCH 17, 2025
Crude oil prices started the week with a jump following U.S. attacks on the Yemeni Houthis, with the Department of Defense stating the attacks will continue until the Houthis stop attacking ships traversing the Red Sea. At the time of writing, Brent crude was trading at $71.10 per barrel, with West Texas Intermediate at $67.70 per barrel, both up on opening and likely to go higher later in the day, barring bearish news such as the Houthis agreeing to stop bombing ships in the Red Sea.
Marcellus Drilling News
MARCH 17, 2025
J.P. Morgan recently issued its 15th annual Eye on the Market Energy Paper. It’s mysteriously titled Heliocentrism. Heliocentrism is the astronomical model in which the Earth and planets orbit the Sun, the center of the solar system, proposed by Copernicus in the 16th century. Heliocentrism replaced geocentrism, the earlier belief that Earth was the stationary.
OilPrice
MARCH 17, 2025
A consortium of UK-based supermajor BP, Azerbaijans state oil and gas firm SOCAR, and Israeli company NewMed Energy on Monday signed a licensing agreement to explore for natural gas offshore Israel, the Energy Ministry of Israel said. The deal marks BPs entry into Israel and the first exploration effort outside Azerbaijan for the state company SOCAR.
EnergyTrend
MARCH 17, 2025
Sichuan 3GW Slicing and 3GW High-Efficiency PV Module Project Set for Production! AccordingtoOfficialAmmount@DNE,SichuanJinlunengPowerTechnologyCo.Ltd.'s3GWPhotovoltaicSlicingand3GWHigh-EfficiencyPVModuleProjecthascompletedthemainst.
OilPrice
MARCH 17, 2025
A joint venture of ExxonMobil and Woodside Energy has approved a $222-million project to drill new wells and boost natural gas production from fields in the Gippsland Basin offshore southeastern Australia. The 50/50 joint venture has taken the final investment decision to invest US$222 million (AUS$350 million) in the development of Turrum Phase 3, a project that will see the drilling of five new wells in the Turrum and Turrum North gas fields, Exxons Australian unit said on Monday in a statemen
Oil & Gas 360º
MARCH 17, 2025
(World Oil) –Cheniere Energy has announced that substantial completion of Train 1 at the Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3) was achieved on March 16, 2025. Commissioning is complete and Chenieres engineering, procurement and construction partner, Bechtel Energy, has turned over care, custody and control of Train 1 and associated systems to Cheniere.
OilPrice
MARCH 17, 2025
Thermal power generation in China, which overwhelmingly consists of coal plants, dropped by 5.8% in January and February compared to the same months of 2024, official data showed on Monday. Thermal power generation fell to 1.02 trillion kilowatt-hours (kWh) in January and February, which China combines in economic and data releases to smooth out the effect of the Lunar New Year which falls in one of these two months every year.
Oil & Gas 360º
MARCH 17, 2025
(Yahoo Finance) –Chevron purchased about 4.99% of Hess Corp’s common shares this year, the oil giant said in a regulatory filing on Monday. Chevron said the stock purchase reflects its continuing confidence in completing the pending acquisition of Hess. In October 2023, Chevron agreed to acquire Hess in an all-stock deal valued at $53 billion, gaining a stake in Guyana’s oil-rich Stabroek block and expanding Chevron’s U.S. shale footprint.
OilPrice
MARCH 17, 2025
Mild winter temperatures pushed Chinas electricity generation to only the third drop in the January - February period since 1990. Chinas power generation declined by 1.3% in January and February from a year earlier, per data from the National Bureau of Statistics cited by Bloomberg. China combines January and February economic and industry data releases to smooth out the effect of the Lunar New Year which falls in one of these two months every year.
Oil & Gas 360º
MARCH 17, 2025
(Investing) –The U.S. Energy Information Administration (EIA) reported on Monday that the completion of natural gas pipeline projects in 2024 led to an increase in the countrys liquefied natural gas (LNG) takeaway capacity. The capacity, which indicates the maximum volume of gas a pipeline can transport from a production area or storage facility daily, increased by 17.8 billion cubic feet per day (bcfd).
OilPrice
MARCH 17, 2025
Chinese refiners booked a 2.1% increase in production over the first two months of the year as holiday travel pulled demand for fuels higher, helped by the start of a new refinery a few months earlier, Reuters has reported, citing Chinas National Bureau of Statistics. The increase came from state-owned refineries while private operators, the so-called teapots, reduced their run rates in January and February to tackle higher crude oil costs resulting from U.S. sanctions targeting Russian and Iran
Marcellus Drilling News
MARCH 17, 2025
MARCELLUS/UTICA REGION: Energy a heated topic in PA budget debate; OTHER U.S. REGIONS: Two New England energy companies in surprising alliance with fossil fuel lobby; Healey admin opposes gas pipelines in Massachusetts, voters feel otherwise; NATIONAL: Leaders cheer EPA announcement to revise WOTUS; Ex-Pioneer CEO says shale cant thrive at $50 oil; Chevron advances plans.
Oil & Gas 360º
MARCH 17, 2025
(Oil Price) –Crude oil prices started the week with a jump following U.S. attacks on the Yemeni Houthis, with the Department of Defense stating the attacks will continue until the Houthis stop attacking ships traversing the Red Sea. At the time of writing, Brent crude was trading at $71.10 per barrel, with West Texas Intermediate at $67.70 per barrel, both up on opening and likely to go higher later in the day, barring bearish news such as the Houthis agreeing to stop bombing ships in the
BOE Report
MARCH 17, 2025
It seemed fitting the other day, when discussing current global events with a particularly erudite friend (and if you think thats a ten-dollar word hold onto your hat), the word ‘haruspicy’ came into the conversation.
Oil & Gas 360º
MARCH 17, 2025
(World Oil) – Baker Hughes and NextDecade Corporation have entered into a framework agreement whereby NextDecade plans to utilize Baker Hughes gas turbine and refrigerant compressor technology (Equipment Packages) and enter into contractual services agreements to perform maintenance work for these Equipment Packages for Trains 4 through 8 at the Rio Grande LNG Facility.
BOE Report
MARCH 17, 2025
CALGARY, AB, March 17, 2025 /CNW/ – (TSX: ARX)ARC Resources Ltd. (“ARC”) confirms a quarterly eligible dividend amount of $0.19 per share for April 15, 2025 to shareholders of record on March 31, 2025. At March 17, 2025, the trailing 12-month payments to shareholders total $0.70 per share. About ARC ARC Resources Ltd.
Rigzone
MARCH 17, 2025
North America dropped 35 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
SmartBrief
MARCH 17, 2025
Moving up in leadership means stepping into bigger, more visible spaces. Suddenly, you find yourself speaking in senior-level meetings presenting to top executives , contributing to high-stakes discussions and influencing key decisions. The stakes feel higher. The pressure to perform is intense. Sitting in these senior-level meetings can bring a creeping fear: What if I fail in front of these leaders?
BOE Report
MARCH 17, 2025
Mobile users can click here to view the full original document on the CAPP website.
Oil & Gas Magazine
MARCH 17, 2025
Los integrantes de este sector que abastece insumos a ms de 70 sectores econmicos ven con optimismo el mensaje que han dado las autoridades del sector para que Mxico siga consolidndose como un centro de inversin para la minera En el marco de la segunda entrega de las preseas del Sello WIM de Igualdad, Equidad e Inclusin en los Centros de Trabajo, 2025″, organizada por Mujeres WIM Mxico, el presidente de la Asociacin de Ingenieros de Minas, Metalurgistas y Gelogos de Mxico (AIMMGM), Rubn De
BOE Report
MARCH 17, 2025
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) widened on Monday. * WCS for April delivery in Hardisty, Alberta, settled at $10.65 a barrel under WTI, according to brokerage CalRock, after having settled at $10.40 under the U.S. benchmark on Friday.
Rigzone
MARCH 17, 2025
Azerbaijan will on Monday sign agreements to explore for natural gas in Israeli waters.
Oil & Gas Magazine
MARCH 17, 2025
El fabricante de automviles planea reducir los costes de personal ajustando los salarios por encima del convenio colectivo y los pagos variables para los empleados de la escala salarial Altos directivos y el comit de la empresa automotriz, Audi ampliarn el plan de proteccin de empleo hasta finales de 2033, reduciendo los costes laborales y posicionando sus emplazamientos alemanes para que sean slidos y flexibles en la transicin a la movilidad elctrica tanto en las plantas de Ingolstadt como en N
Rigzone
MARCH 17, 2025
Iberdrola signed a long-term deal to supply Air Liquide with clean electricity for the French company's operations in Spain and Portugal.
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