Sun.May 11, 2025

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Saudi Arabia Spends Like Oil’s Still at $90

OilPrice

Saudi Arabia is driving a faster-than-planned oil production ramp-up among the eight OPEC+ members that were keeping a cap on their output. Saudi Arabia is also raising its oil prices for Asian buyers amid falling benchmarks. This has confused some, even though the moves point in the same direction, of stronger demand down the road. Yet this stronger demand wont help the Saudis avoid some fiscal pain.

Barrel 345
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The Britoil Scandal: A £23m fraud on the streets of Aberdeen

Energy Voice

This is the tale of an Albanian businessman, French antique dealers, American florists and the Abu Dhabi royal family and an adulterous north-east couple on a quest to start a new life in Brazil. This is the story of the Britoil scandal Scotlands biggest ever fraud case.

Casing 242
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Global Net-Zero Targets in Jeopardy as Rich Countries Lag Behind

OilPrice

Alongside environmentalists and climate scientists, Bill Gates is the latest public figure to call on high-income countries to do more to reduce their greenhouse gas emissions. While reducing emissions in developing countries can be difficult, due to a lack of funding and infrastructure, meaning it could take several more years to expand the renewable energy capacity of certain regions, Western nations have no such excuse.

Gas 307
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MHHS is Coming: What Energy Suppliers Need to Know About How It’s Reshaping the Industry

POWWR

The UKs new MHHS programme will be a major shift, paving the way for a smarter, more flexible, and sustainable energy system.

Energy 96
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Brazil's Renewable Energy Revolution

OilPrice

Brazil is sending a message to the world that it can meet the needs of artificial intelligence (AI) with renewable energy, and the world is listening. The South American nation is flaunting its renewable energy sources and expansive energy grids to court tech companies to set up shop within its borders, and its working. Already, Amazon and Microsoft are setting up data centers across the country and pouring billions into the Brazilian economy.

Energy 296
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Iberdrola Sells UK Smart Metering Unit to Macquarie

Rigzone

Iberdrola inked a deal to divest SPSMAL to Macquarie for about $1.2 billion.

93
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Inside Kazakhstan's Green Energy Transformation

OilPrice

The Central Asian state of Kazakhstan the worlds largest landlocked country has major renewable energy ambitions that include wind, solar, and hydropower, as well as green hydrogen, as part of the governments aims for a green transition. The government plans to support a shift away from a reliance on fossil fuels to a lower-carbon power sector. At present, coal continues to be Kazakhstans main energy source, providing around 64.7 percent of?

Energy 238

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Weaker Oil Prices Weigh On Aramco’s Q1 Profit

OilPrice

Lower oil prices over the first quarter of the year weakened Aramcos net profit, with the Saudi giant booking a net result of $26 billion, down from $27.3 billion a year earlier. Despite the weaker figures, the company decided to distribute a higher dividend for the quarter. While lower than a year ago, the net result was higher than what analysts expected, which was net earnings of $25.36 billion, per a Reuters poll.

Oil 221
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Spain’s unprecedented power outage sparks a blackout blame game over green energy

CNBC: Energy

An abrupt and widespread blackout, one of Europe's worst in living memory, affected the entire Iberian Peninsula on April 28.

Energy 80
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Traders rebrand Venezuelan oil for China as Brazilian, sources and tanker trackers say

BOE Report

Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S. sanctions.

Oil 71
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Aramco Profit Drops with Weak Oil Signaling More Strain

Rigzone

Q1 net profit slipped 4.6 percent to 97.5 billion riyals ($26 billion).

Oil 67
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‘Take it to the next level’: Oil and gas industry players embracing AI and other tech

BOE Report

CALGARY – Haul trucks, shovels, pumps and pipes are common sights at Imperial Oil’s vast oilsands operations in northeastern Alberta, but so too are robots and drones, with generative artificial intelligence a newer addition to the technological mix.

Oil 71
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LandBridge Posts Higher Revenue

Rigzone

LandBridge reported $44 million in revenue for Q1.

67
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Oil prices rise as US-China trade talks soothe market jitters

BOE Report

Oil prices rose on Monday after both sides in U.S.-China trade talks over the weekend touted their progress, which lifted market sentiment that the world’s two largest crude users may be moving toward a resolution of their trade dispute. Brent crude futures climbed 27 cents, or 0.4%, to $64.18 a barrel at 0001 GMT. U.S.

Oil 63
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Navigating Volatility — Shale Strategy in volatile market

Oil Gas Leads

In todays volatile energy landscape, shale operators are leaning into a familiar playbookone forged through cycles of boom, bust, and adaptation. With WTI prices hovering around $60, executives across the U.S. oil patch are recalibrating operations and capital plans while reaffirming confidence in their long-cycle strategies built on cost discipline and optionality. $60 Is the New Normal for Shale Strategy The industry consensus is forming around $60 as a mid-cycle baseline , offering a durable

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Quebec sovereigntists watch Alberta referendum talk with optimism, disdain

BOE Report

MONTREAL – As Alberta flirts with the possibility of a referendum on separation, Quebec sovereigntists are watching with interest and a healthy dose of skepticism.

58
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How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. Shale at $40 Oil

Oil Gas Leads

How Acquisitions, Divestitures, and Disciplined Capital Allocation Sustain U.S. Shale at $40 Oil Even with oil prices hovering around $40 per barrel, U.S. shale producers are thriving. How? The answer lies in strategic acquisitions , portfolio optimization , and relentless capital discipline. Todays most influential energy executives are executing a well-coordinated playbook: stockpiling high-margin inventory, divesting non-core assets, paying down debt, and repurchasing shares all while delive

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The scramble to lower oil price forecasts

Oilholics Synonymous Report

The Oilholic has been on record noting there is little to be bullish about oil at this stage of the trading cycle. Recent events have not only proven this to be the case but amplified the prevailing bearish sentiment. With OPEC+ determined to ramp up production despite tepid demand and US President Donald Trump's administration resuming nuclear talks with Iran carrying the possibility of a settlement - a bit of a mad scramble to lower oil price forecasts is taking place.

Oil 157
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Shale Success at $40: Can Structural Cost Reduction Sustain the U.S. Oil Boom?

Oil Gas Leads

In todays lower-for-longer oil price environment, U.S. shale operators must be relentless in their pursuit of cost efficiency. The ability to deliver production with a breakeven price of $40 or less isnt just desirableits essential. That level of performance is only possible through structural cost reductions across drilling, fracing, facility development, and production operations.

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EU's Gas Import Mix: Will It Change Once the War in Ukraine Ends?

Energy Outlook Advisors

May 12, 2025 EU LNG imports hit a record high in April, with US imports also at record high as Russia's share declined. US shipments to the EU increased in recent months as they were diverted from Asia to Europe due to favorable price differentials. Consequently, China imported no US LNG, while Asian companies profited from diverting carriers to Europe.

Gas 161
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U.S. Oil Production: Low-Cost Inventory and the Need for Sustained Activity

Oil Gas Leads

U.S. oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds. The Cost Curve Advantage but Only if You Keep Drilling Ryan Lance (ConocoPhillips) underscores the advantage of inventory depth: We have decades of inventory below our $40 per barr