OilPrice
MAY 12, 2025
Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price war of 2015-2016 (see OPECs Trillion Dollar Miscalculation), the kingdom has decided to boost oil production in a market that is already adequately supplied. The goal is to reclaim lost market share from non-OPEC producers and send a clear message to fellow OPEC members who havent been sticking to the script.
Marcellus Drilling News
MAY 12, 2025
In November 2023, CNX Resources CEO Nick DeIuliis signed a voluntary deal with Pennsylvania Gov. Josh Shapiro to expand drilling setbacks and several other regulatory steps not mandated for shale drillers under PA law (see CNX Signs Deal with PA Gov. to Increase Setbacks, Other Changes). Over the past year-and-a-half, CNX has delivered on its.
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OilPrice
MAY 12, 2025
Kazakhstan's oil exports via the Caspian Pipeline Consortium (CPC) are poised for a significant decline in May, with daily shipments of CPC Blend crude from Russia's Black Sea port of Novorossiysk expected to drop to approximately 1.5 million barrels per day (bpd), down from 1.6 million bpd in April, according to industry sources cited by Reuters. The CPC pipeline, the main mechanism for Kazakhstan's oil exports, has faced multiple disruptions in recent months, with geopolitics driving the dynam
Marcellus Drilling News
MAY 12, 2025
We’re catching up on two weeks of changes in the rig count, and wow! Things changed. And NOT in a good way. The national count lost nine rigs over the past two weeks, going from 587 on April 25 to 584 on May 2 and then down to 578 on May 9. But it was.
OilPrice
MAY 12, 2025
As geopolitical instability, sanctions, and supply chain shocks become commonplace, physical commodity traders have emerged as indispensable agents to maintain the flow of energy, food, and raw materials. By leveraging political and commercial networks, as well as centuries of collective trading experience, they act as the markets shock absorbers - responding to disruptions in real time, frictionlessly reallocating supply where it is needed.
Marcellus Drilling News
MAY 12, 2025
Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for natural gas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its first quarter 2025 update last week. There was a lot of news coming from the update.
OilPrice
MAY 12, 2025
Oil jumped by 3% early on Monday after the United States and China agreed to slash tariffs on each other, easing concerns about global trade and the economy. As of 6:52 a.m. on Monday, the U.S. benchmark, WTI Crude, was up by 3.13% at $62.93. The international benchmark, Brent Crude, moved up above $65 per barrel and traded at $65.79, up by 2.93% on the day.
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OilPrice
MAY 12, 2025
NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power Equity Advisors, as the Houston-based firm bets on the growing U.S. electricity demand. The deal for the portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power will be a cash and common stock transaction, NRG Energy said on Monday.
Marcellus Drilling News
MAY 12, 2025
MARCELLUS/UTICA REGION: Shell’s chemical division, including Monaca, poised for rebound; Nighttime flaring at Shell plastics plant lit up Beaver County like dawn; 34 organizations sign letter urging Pa.
OilPrice
MAY 12, 2025
The lights went out on the Iberian Peninsula on April 28. Immediately afterwards, the experts chimed in, either providing a reason for the failure or a cure for what ails the Spanish grid, although, as of this writing almost two weeks later, nobody knows for sure what went wrong. The engineers favored the explanation that the Spanish grid had too many renewable power sources and renewables, as everyone knows, lack inertia.
Marcellus Drilling News
MAY 12, 2025
For the week of April 28 – May 4, the number of permits issued to drill new wells in the Marcellus/Utica was down two from the previous week. Last week, 22 new permits were issued in the M-U. In the Keystone State (PA), 10 new permits were issued.
OilPrice
MAY 12, 2025
More than $1 billion worth of Venezuelan oil has been sold in China as Brazilian over the past 10 months, Reuters has reported, citing cargo tracking data and industry sources who wished to remain unnamed. The rebranding of the crude has cut transportation costs for Venezuelan crude and facilitated U.S. sanction circumvention, the report noted.
POWER Magazine
MAY 12, 2025
Todays energy resilience toolkit includes a growing array of technologies, including diesel generators, natural gas systems, lithium-ion battery storage, solar-plus-battery microgridsand now, a new class of hydrogen-based solutions that generate clean electricity from moisture in the air. No single option is universally ideal, but understanding their strengths and applications can help communities build more robust and flexible emergency energy strategies.
OilPrice
MAY 12, 2025
Asias economies are more vulnerable to external trade shocks than other regions, but they would find low oil prices a boon to their government finances at times of heightened global economic uncertainty. The worlds top crude oil-importing region and the most important export market of the major oil-producing countries from the Middle East to Russia could see a silver lining in the recent oil price slide to the low $60s.
POWER Magazine
MAY 12, 2025
Advanced Distribution Management Systems (ADMS) and Distributed Energy Resource Management Systems (DERMS) are crucial grid management technologies in todays modern power delivery system. ADMS integrates multiple utility operational systems into […] The post How ADMS and DERMS Are Delivering Smarter Solutions for Utilities and Customers appeared first on POWER Magazine.
OilPrice
MAY 12, 2025
Goldman Sachs analysts have reportedly suggested that OPEC+ is likely to pause further oil production increases due to deteriorating global economic conditions.Goldman reportedly anticipates that OPEC+ will make a "final" decision in July to raise daily output by 411,000 barrels, but actual economic data may prompt a reassessment, according to @FirstSquawk, and lead to a halt beyond that.
Malcolm Graham Wood
MAY 12, 2025
Further rally in oil as the US and China cut a deal. Today DEC announce a trading update and PetroTal has 1Q figures. The post Oil price, Diversified Energy Company, PetroTal Corp. And finally… appeared first on Malcy's Blog.
OilPrice
MAY 12, 2025
Earnings at the biggest international oil companies are set to slump later this year and in 2026, threatening the pace of buybacks, as a substantial oil market surplus would weigh on prices. Last week Morgan Stanley joined other major investment banks in slashing oil price forecasts amid expectations of a larger market surplus later this year as OPEC+ plans to raise output much more than previously expected.
Marcellus Drilling News
MAY 12, 2025
A few weeks ago, MDN told you that EQT Corporation, the second-largest natural gas producer in the country (and the largest producer in the Marcellus/Utica) is buying out and merging in Olympus Energy for $1.8 billion (see EQT Buying Olympus Energy for $1.8 Billion; 90K Acres, 0.5 Bcf/d). Olympus uses another company, Leviathan Energy, to.
OilPrice
MAY 12, 2025
Oil prices surged Monday morning after the US and China agreed to cut tariffs as part of a temporary trade truce. West Texas Intermediate and Brent Crude both experienced significant percentage increases following the announcement of the trade agreement. While the tariff reduction is seen as a positive step for the oil market, analysts warn that lasting impacts depend on broader US policies toward China. 3m ago 9:24am CST U.S.
BOE Report
MAY 12, 2025
CALGARY, AB, May 12, 2025 /CNW/ –Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce the successful closing of its strategic combination with Veren Inc. (“Veren“) (TSX: VRN) (NYSE: VRN), creating the seventh largest oil and natural gas producer and the fifth largest natural gas producer in Canada.
OilPrice
MAY 12, 2025
China has accelerated crude oil imports in March and April, but the increased purchases this spring arent necessarily a sign of recovering fuel demand in the worlds biggest crude importer. Its more likely that Chinese refiners are aggressively stockpiling cheaper crude amid uncertainties about sanctioned barrels going forward, analysts say. In April, Chinese crude oil imports rose by 7.5% from a year earlier to 11.69 million barrels per day (bpd), Chinas customs data show.
EnergyTrend
MAY 12, 2025
SVOLT Energy Signs Deals for More Than 2GWh of Energy Storage AccordingtoWechatOfficialAccount@chunengpai,onMay7thand8th,SVOLTEnergyaggressivelysignedfourstrategiccooperationagreementsduringtheIntersolarEuropeexh.
OilPrice
MAY 12, 2025
China is bolstering export controls on the entire supply chain of critical minerals as it seeks to keep its dominant position in the sector. Chinas relevant authorities will track the exports of critical minerals and will strictly prevent illegal exports, the Chinese Commerce Ministry said on Monday. Since the export control of strategic minerals has much to do with national security, strengthening the control of the whole export chain is the key, the ministrys statement read, as carried by Reut
EnergyTrend
MAY 12, 2025
BYD Launches New Residential Energy Storage Product OnMay7th,BYDEnergyshowcaseditsfull-scenariosolutionsatIntersolarEuropeinMunich,Germany,includingthelarge-scaleenergystoragesystemMCCube-TBESS,thecomme.
OilPrice
MAY 12, 2025
Via Metal Miner The Aluminum Monthly Metals Index (MMI) appeared increasingly bearish with a 3.08% decline from April to May. What do other metal and commodity market trends mean for aluminum trends? Track other MetalMiner monthly indexes here, and compare how the overall industrial metal market is performing. Aluminum Prices Stabilize Following Post-Tariff Drop Aluminum prices found an at least short-term bottom in early April, as the market managed to stem the sharp declines that followed the
POWER Magazine
MAY 12, 2025
Managing the different oils and greases that make up your lubricant arsenal is a daunting task. Most power generation facilities employ a lubricant champion to keep those products carefully sorted […] The post Give Your Lubricant Champion the Support They Deserve appeared first on POWER Magazine.
OilPrice
MAY 12, 2025
As Europe faces the dual challenge of rising geopolitical tensions and a difficult economic forecast, the recent VE Day anniversary was a timely reminder that prosperity and peace are built on collaboration. From Leadenhall Market to Guildhall, events across the Square Mile underscored the enduring strength found in unity, a message that resonates all the more as leaders from the UK and EU prepare to meet in London next week to discuss the future of our relationship.
Oil & Gas 360º
MAY 12, 2025
(World Oil) –The drilling unit of the United Arab Emirates biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million, as it expands in technology and hardware to bolster growth. Two of the deals will be for businesses developing artificial intelligence applications, ADNOC Drilling Co. Chief Financial Officer Youssef Salem said in an interview.
OilPrice
MAY 12, 2025
State firm Egyptian Natural Gas Holding Company (EGAS) has signed a 10-year agreement with Hoegh Evi to have it deploy a floating LNG import unit near Alexandria on the Mediterranean, as the North African country struggles to meet soaring gas and power demand amid dwindling domestic production. Hoegh Evi will deploy the LNG carrier, the Hoegh Gandria, at Sumed near Alexandria in late 2026, the company told Bloomberg in a statement on Monday.
Oil & Gas 360º
MAY 12, 2025
(Oil & Gas 360) –Gillette, WY Cowboy Clean Fuels (CCF), a Wyoming-based climate tech and energy transition company, today announced a groundbreaking offtake agreement with Mercuria, one of the worlds leading independent energy and commodity trading groups. This partnership marks the first commercial agreement for the sale of Renewable Natural Gas (RNG) generated under CCFs pioneering BiCRS+RNG Methodology at the companys Triangle Unit Project near Gillette, Wyoming.
OilPrice
MAY 12, 2025
Cobalt Holdings plc, a company created primarily to purchase and hold physical cobalt, announced on Monday an intention to float on the London Stock Exchange, with commodity miner and trader Glencore acting as one of its cornerstone investors. Cobalt Holdings plc intends to raise approximately $230 million through its Global Offer and the possible admission of its ordinary shares to trading on the Main Market for listed securities of the London Stock Exchange.
Oil & Gas 360º
MAY 12, 2025
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. Register and reserve your room. CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) is pleased to announce the results of the Companys independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineerin
Enverus
MAY 12, 2025
The energy industry thrives on data-driven decisions. For more than 25 years, Enverus has delivered transformative solutions that streamline workflows and enhance efficiency. As part of our commitment to revolutionizing land management, we are proud to introduce Instant Analyst – Courthouse the first AI-powered solution designed for title researchers, to tackle the increasing complexity of courthouse documents.
Oil & Gas 360º
MAY 12, 2025
(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. Independent refiners in China are the main buyers of seaborne oil shipments from countries sanctioned by the United States, with offshore Malaysia serving as a key trans-shipment hub for Venezuelan and Iranian crud
POWER Magazine
MAY 12, 2025
NRG Energy announced it would acquire 18 natural gas-fired power plants with 13 GW of generation capacity as part of a $12-billion cash-and-stock deal with LS Power. Houston, Texas-based NRG on May 12 said the deal, expected to close in the first quarter of 2026, would double the group's overall generation capacity portfolio to 25 GW. The gas-fired plants are located in the U.S.
Oil & Gas 360º
MAY 12, 2025
(Oil Price) –NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power Equity Advisors, as the Houston-based firm bets on the growing U.S. electricity demand. The deal for the portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power will be a cash and common stock transaction, NRG Energy said on Monday.
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