POWER Magazine
MARCH 24, 2025
An Egypt-based construction group is partnering with a Spanish energy infrastructure company to build a 3-GW combined-cycle natural gas-fired power plant in Saudi Arabia. The post Egypt’s Orascom Joins Spanish Group to Build 3-GW Gas-Fired Plant in Saudi Arabia appeared first on POWER Magazine.
OilPrice
MARCH 24, 2025
Europes natural gas prices have declined in recent weeks after hitting a two-year high in February, easing concerns about the price Europe will have to pay this summer to prepare for the next winter. Dutch TTF Natural Gas Futures, the benchmark for Europes gas trading, hita two-year highin the middle of February amid the first proper winter with prolonged periods of cold snaps since the 2022 energy crisis.
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Marcellus Drilling News
MARCH 24, 2025
Pennsylvania State Sen. Gene Yaw from Lycoming County, chairman of the Senate Environmental Resources and Energy Committee, is a strong Marcellus Shale friend. Sen. Yaw recently reintroduced an Energy Choice bill blocking municipalities from banning a specific type of fuel source for appliances and heating homes or businesses. The language is fuel-neutral and is not.
OilPrice
MARCH 24, 2025
Focused Energy, a U.S.-German start-up pursuing laser-driven fusion power, has signed a non-binding agreement with the largest German electric utility RWE and the state of Hessen to build a fusion research and development facility in Germany, Focused Energys CEO Scott Mercer told Reuters on Monday. Focused Energy plans to have the facility erected by 2035 at the site of the former Biblis nuclear power plant, which was operated by RWE.
Marcellus Drilling News
MARCH 24, 2025
On Friday, March 21, 2025, Heathrow Airport (in London), one of the worlds busiest airports, experienced a complete shutdown due to a massive fire at the North Hyde electrical substation in Hayes, west London, approximately 1.5 miles from the airport. The blaze, which began late Thursday night around 11:23 PM GMT, involved a transformer containing. The post Marcellus Gas Shields Pittsburgh Airport from Outages like Heathrow first appeared on Marcellus Drilling News.
OilPrice
MARCH 24, 2025
The United States and European Union have demonstrated rising interest in Central Asias critical minerals in recent months. They additionally have shown interest in getting involved in the construction and operation of nuclear power plants to be built in Kazakhstan, Uzbekistan and Kyrgyzstan. The US quest for rare earths appears to be intensifying, underscored by a low-key tour by a US congresswoman, Carol Miller, a Republican from West Virginia, who has held meetings with high-profile Central A
Marcellus Drilling News
MARCH 24, 2025
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling. The SRBC published a notice in the March 22 Pennsylvania Bulletin that.
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Marcellus Drilling News
MARCH 24, 2025
Here’s a lawsuit we were unaware of, even though it’s been playing out for years. It’s quite complicated. On the surface, at a very basic level, Cardinal Midstream II (we assume a subsidiary of the Dallas-based Cardinal Midstream) sued Energy Transfer (ET) for not paying an “earnout” (which we’ll explain) after buying a gas gathering.
OilPrice
MARCH 24, 2025
Shell is holding its Capital Markets Day on Tuesday in New Yorkand analysts expect Chief Executive Officer Wael Sawan to reaffirm the UK-based supermajors new focus on oil and gas. Shell was one of the first European majors to pivot back to oil and gas in a 2023 strategy to continue investing in oil and gas production and selectively pour capital into renewable energy solutions.
Marcellus Drilling News
MARCH 24, 2025
The Baker Hughes U.S. national rig count gained one rig last week, now at 593 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 Utica. The post Natl Rig Count Up 1 @ 593; Marcellus Even @ 24, Utica Even @ 11 first appeared on Marcellus Drilling News.
OilPrice
MARCH 24, 2025
Energy secretary Ed Miliband has ordered the National Energy System Operator to urgently investigate the power outage caused by a substation fire that shut Heathrow Airport on Friday. He is working with Ofgem and using powers under the Energy Act to formally launch the grid operators investigation. We are determined to properly understand what happened and what lessons need to be learned, Miliband said.
Marcellus Drilling News
MARCH 24, 2025
If you’re a natural gas utility company operating in the People’s Republic of Maryland (a non-free state), your right to free speech just ended. The Washington Gas Light Company, now known as WGL Holdings, is a utility company that provides natural gas service to customers in the District of Columbia, Maryland, and Virginia, dating back.
OilPrice
MARCH 24, 2025
The general narrative in the media regarding artificial intelligence (AI) is binary. AI is either the greatest human invention ever, so powerful it will catapult us into an age of abundance for all and solve our environmental problems as well OR it is the most momentous human invention ever which is so dangerous that it could wipe out human civilization (and therefore must be tightly controlled or abandoned altogether).
Oil & Gas 360º
MARCH 24, 2025
(World Oil) – Reconnaissance Energy Africa Ltd. continues to pursue activities relating to the drilling of Prospect I. To date, initial surveying activity has been completed, with debushing activities ongoing and demining activities set to be undertaken in the coming weeks. As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. “We have made great progress in getting Prospect I ready to drill and, as a result, we are accelerating the
OilPrice
MARCH 24, 2025
Last year, British multinational oil & gas giant, Shell Plc (NYSE:SHEL) threatened to delist from the London Stock Exchange (LSE) and list on the New York Stock Exchange (NYSE). Shell CEO Wael Sawan told Bloomberg that the company is grossly undervalued in London due to shareholder apathy to the oil and gas sector. Sawan also expressed deep frustration by investors' under-appreciation of the financial performance of the company, as well as the British governments over-taxation of its profits.
Malcolm Graham Wood
MARCH 24, 2025
Oil was up last week and with geopolitics as they are supply and demand is quite tight. Today very good news from Rockhopper where Navitas release a good, solid CPR and indicate that FID will likely be this year. The post Flash blog:Rockhopper. appeared first on Malcy's Blog.
OilPrice
MARCH 24, 2025
Iraqs Council of Ministers last week approved the final version of BPs US$25 billion+ contract with the Oil Ministry to develop the Kirkuk oil fields of Baba and Avana, and the neighbouring sites of Bai Hassan, Jumboor and Khabaz. This is the second huge deal signed by Western firms recently, with the other being the US$27 billion four-pronged project of Frances TotalEnergies.
BOE Report
MARCH 24, 2025
An LNG tanker is expected to arrive in Canada on April 1 to start cooling down LNG Canada’s plant in Kitimat, British Columbia, considered the final step before the plant begins production of the superchilled gas.
OilPrice
MARCH 24, 2025
Chinas state oil major Sinopec reported a net profit of almost $7 billion for 2024, which represented a 16.8% decline on the year, attributed to lower oil prices and electric cars. In 2024, international crude oil prices fluctuated downward, the domestic transportation industry accelerated the replacement of new energy. (and) gross profit margin was significantly narrowed, SInpec said in a filing with the Hong Kong Stock Exchange.
BOE Report
MARCH 24, 2025
Q&A with Mike Verney, executive vice-president, McDaniel & Associates ByDeborah Jaremko New analysiscommissioned by the Alberta Energy Regulator has increased the provinces natural gas reserves by 440 per cent, bumping Canada into the global top 10. Albertas oil reserves already fourth in the world also increased by seven billion barrels.
OilPrice
MARCH 24, 2025
Crude oil prices started trade with a slide this week, as traders await news about the possibility of an end to the war in the Ukraine, which would likely boost the international supply of Russian crude. At the time of writing, Brent crude was trading at $71.92 per barrel, with West Texas Intermediate changing hands for $68.06 per barrel, after booking two consecutive weekly gains, fueled by U.S. sanctions on Irans energy industry and OPEC+ efforts to bring production into the quota limits.
Oil & Gas 360º
MARCH 24, 2025
(Oil Price) –Surging power demand in both developed and emerging economies accelerated global energy demand growth in 2024 to nearly twice the pace of recent years, the International Energy Agency (IEA) said on Monday. Record-high temperatures, higher demand from industry and for electrification, and AI and data centers contributed to a 4.3% rise in global power consumption last year, the IEA said in its annual report Global Energy Review 2025.
OilPrice
MARCH 24, 2025
Iraq is grappling with a natural gas shortage while simultaneously exploring new crude oil export markets. In recent weeks, Iraq has made headlines not only due to pressure from OPEC but also because of its struggle to secure natural gas imports. Iraqi Oil Minister Hayyan Abdul Ghani stated on Iraqi television that negotiations are ongoing with several companies to secure two floating storage regasification units (FSRUs) by early June.
Oil & Gas 360º
MARCH 24, 2025
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). The $905 million transaction significantly expands Elk Ranges presence in a premier oil and gas region and aligns with Elk Ranges strategy of acquiring attractive royalty assets in core basins.
OilPrice
MARCH 24, 2025
Elliott is demanding higher shareholder returns from another major European energy companythe activist investor wants more share repurchases from RWE after disclosing on Monday that it now holds nearly 5% of Germanys top utility. Elliott has gained prominence in recent months by campaigning for increased returns for investors at several energy companies, including UKs BP and U.S. refiner Phillips 66.
Marcellus Drilling News
MARCH 24, 2025
MARCELLUS/UTICA REGION: Energy leaders reflect on industrys direction at Range Resources event; Does Josh Shapiro understand fossil fuels are coming back?; Ohio must support oil and gas industry to fuel growth; Cuomo, Hochul sent energy bills soaring heres how they can climb down; OTHER U.S. REGIONS: California will launch methane-detecting satellites, Gavin Newsom announces; The post Other Stories of Interest: Mon, Mar 24, 2025 first appeared on Marcellus Drilling News.
OilPrice
MARCH 24, 2025
Surging power demand in both developed and emerging economies accelerated global energy demand growth in 2024 to nearly twice the pace of recent years, the International Energy Agency (IEA) said on Monday. Record-high temperatures, higher demand from industry and for electrification, and AI and data centers contributed to a 4.3% rise in global power consumption last year, the IEA said in its annual report Global Energy Review 2025.
Energy Transfer
MARCH 24, 2025
We would like to thank the judge and the jury for the incredible amount of time and effort they dedicated to this trial. We are very pleased that Greenpeace has been held accountable for their actions against us and that the jury recognized these were not law-abiding, peaceful protests as Greenpeace tried to claim. Our victory is shared with the people of Mandan and throughout North Dakota who had to live through the daily harassment and disruptions caused by the protesters who were funded and t
OilPrice
MARCH 24, 2025
Indonesia is plowing ahead with its $20-billion international partnership to aid its energy transition despite the U.S. exit from international climate deals and commitments to support the clean energy goals of developing countries. At the end of 2022, Indonesia, the worlds top coal exporter and heavily reliant on coal for power generation,signed an agreementto launch a Just Energy Transition Partnership (JETP) co-led by the U.S.
Cisco: Oil & Gas
MARCH 24, 2025
Cisco and the UK AI Security Institute partnered with NIST to release the latest update to the Adversarial Machine Learning Taxonomy.
OilPrice
MARCH 24, 2025
Russian President Vladimir Putin hasnt changed his order not to strike energy infrastructure in Ukraine despite reports of Ukrainian hits on Russian energy assets, Kremlin spokesman Dmitry Peskov said on Monday. So far, there have been no other orders from the president, Peskov told Russian reporters who asked him if Russia intended to keep its moratorium on energy infrastructure strikes or not.
CNBC: Energy
MARCH 24, 2025
Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says Big Oil is getting it wrong on renewables.
OilPrice
MARCH 24, 2025
US and Russian officials are holding talks in Saudi Arabia aimed at reaching a cease-fire deal in Ukraine. The negotiations on March 24 came a day after separate talks between the US and Ukraine which Kyiv called "productive." The US-Russia talks are expected to discuss details of a pause in long-range attacks by both Russia and Ukraine against energy facilities and civilian infrastructure as well as a halt on attacks in the Black Sea.
SmartBrief
MARCH 24, 2025
Recent research shows that engaging younger workers continues to be a challenge. Gen Z and Millennials are struggling the most, fervently seeking a deeper connection to purposeful work and opportunities to learn and grow. Some organizations are getting it right, and their leaders are investing in the development of less experienced employees. However, many of those same employees are struggling to understand workplace expectations, an awareness that has declined in younger workers over the last
OilPrice
MARCH 24, 2025
Iraq is negotiating the procurement of two floating regasification terminals as it seeks to replace gas supply from Iran with alternatives amid a renewed U.S. sanction push against Tehran. Bloomberg reports that the government in Baghdad was seeking to cover up to 50% of domestic gas demand during peak times, with the rest coming from local gas production.
BOE Report
MARCH 24, 2025
Canadian Natural Resources acquired Chevron’s Alberta assets late last year. As part of the transaction, CNRL acquired Chevron’s Duvernay position, which took CNRL from very little production out of the Duvernay, to one of the top producers.
Rigzone
MARCH 24, 2025
The company is strengthening efforts to help ensure energy security despite continued Russian attacks on critical infrastructure.
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