OilPrice
MAY 7, 2025
Russia saw its budget revenues from oil and gas drop by 12% in April from a year earlier, due to the oil price rout last month, the Russian finance ministry said on Wednesday. Oil and gas revenues for the Kremlin dipped to $13.45 billion (1.09 trillion Russian rubles) in April, from $15.2 billion (1.23 trillion rubles) in the same month of last year.
POWER Magazine
MAY 7, 2025
A nuclear power project developer said it has a deal with Google, with the technology company agreeing to commit funding for at least three projects that each would have 600 MW of generation capacity. Elementl Power, founded in 2022 and based in Greer, South Carolina, on May 7 said Google would help the company move toward its goal of bringing more than 10 GW of nuclear power capacity online by 2035.
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OilPrice
MAY 7, 2025
The Rockefeller Foundation is launching a Coal to Clean Credit Initiative (CCCI), with which it will aim to support 60 projects by 2030 to help close coal-fired power plants in developing countries. As part of the first efforts of the new initiative, the Rockefeller Foundation will collaborate with ACEN Corporation, GenZero, Keppel, and Mitsubishi for a pilot project in the Philippines, the foundation said on Wednesday.
Malcolm Graham Wood
MAY 7, 2025
Zephyr results from the Paradox and Angus update. Oil fell again last week after Opec+ added to production but has rallied today on fears of a US shale collapse. Serica and EnQuest announced that there would be no deal and Challenger has a positive update today. Good news from Eco Atlantic from the Orange Basin and Star signs a deal with Veolia in geothermal projects.
OilPrice
MAY 7, 2025
Natural gas is gradually going to overtake coal and crude oil as the biggest source of primary energy in Southeast Asia, with a share of 30% by 2050. This is according to a new Wood Mackenzie report, which has become the latest to admit the inevitable: hydrocarbons will be around for much longer than transition advocates want. Currently, Southeast Asia is partial to coal-powered generation thanks to abundant local resources and price considerations.
POWER Magazine
MAY 7, 2025
District energy systems can accelerate decarbonization of buildings in cities. The clock is ticking for building owners in U.S. cities that have enacted performance standards to reduce greenhouse gas emissions. […] The post How Building Owners Can Achieve Performance Standards with District Energy appeared first on POWER Magazine.
OilPrice
MAY 7, 2025
Tesla's China-made vehicle sales dropped sharply in April, bucking the trend of strong growth among major Chinese EV competitors, according toCNEVPOST. According to the China Passenger Car Association (CPCA), Tesla sold 58,459 vehicles last month (including exports), down 5.96% year-over-year and 25.84% from Marchs 78,828 units. From January to April, Tesla China's total sales fell 18.31% year-over-year to 231,213 units.
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OilPrice
MAY 7, 2025
Energy Transfer is targeting a final investment decision on its Lake Charles LNG export project in Louisiana by the end of the year as it is progressing with contracting LNG offtake volumes, the U.S. pipeline giant said during the Q1 earnings call. Energy Transfer is developing the project, which will convert its existing Lake Charles LNG import and regasification facility into an LNG export facility.
EnergyTrend
MAY 7, 2025
371 MWh! Another Major Energy Storage Order in North America AccordingtoWechatOfficialAccount@EnergyStorage001,TrinaStorage,asubsidiaryofTrinaSolar,announcedacooperationwithFlexGen,aleadingAmericanenterprisespe.
OilPrice
MAY 7, 2025
Wind turbines in the Great Lakes have the potential to produce huge amounts of clean energy in one of the most populated regions in North America, states a recent article by the Canadian Broadcasting Company. But it remains highly uncertain if that dream could become a reality anytime soon. Offshore wind energy development is facing major headwinds in the United States and Canada thanks to a mix of public and political opposition.
Energy Outlook Advisors
MAY 7, 2025
May 7, 2025 The OPEC+ group of eight (V8) stated in its press release that low global oil inventories are a key reason for the production increase of 411 kb/d in June. Below is a chart confirming their statement.
OilPrice
MAY 7, 2025
According to StanChart, the path of least resistance for oil prices is lower, with prices likely to remain low in the coming months before beginning a gradual recovery due to a sharp fall in U.S. oil output. The eight OPEC+ countries that provided additional voluntary output cuts in 2023 met again on Saturday, with the May meeting ending with a resolution similar to the April meeting.
CNBC: Energy
MAY 7, 2025
Google is backing new nuclear plants from Elementl Power as power demand from data centers surges.
OilPrice
MAY 7, 2025
If India and Pakistan spiral into war, there will be consequences for Central Asia. A war between Pakistan and India would likely have significant ripple effects on Central Asia, given the region's proximity to Afghanistan and flourishing economic ties across the region. The conflict could disrupt trade and energy routes, increase militancy, and draw in major powers like China, Russia, and the U.S., potentially straining Central Asian stability.
BOE Report
MAY 7, 2025
CALGARY, AB, May 7, 2025 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the first quarter of 2025, announce two acquisitions in the NEBC Montney and declare a special dividend.
OilPrice
MAY 7, 2025
Slovakia criticized on Wednesday the European Commissions roadmap to phase out imports of all kinds of Russian energy by 2027, particularly natural gas, claiming that it is economic suicide that will hurt the EU more than Russia. The European Unions executive arm, the European Commission, on Tuesday unveiled a roadmap to fully end EU dependency on Russian energy.
Energy Voice
MAY 7, 2025
I ran in the London Marathon this year. That's 26.2 miles with over 50,000 people on one of the most well-known marathon courses in the world. Taking part led to me celebrating another checkmark on my lifetime bucket list.
OilPrice
MAY 7, 2025
Crude oil inventories in the United States saw a decrease of 2 million barrels during the week ending May 2, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a sizeable build in US crude oil inventories of 4.49 million barrels in U.S. crude oil inventories with draws in gasoline an
EnergyTrend
MAY 7, 2025
SNEC 18th (2025) International Photovoltaic Power Generation & Energy Storage Technology and Equipment Conference & Exhibition Will Grandly Open on June 10 in Shanghai TheSNEC18th(2025)InternationalPhotovoltaicPowerGeneration&EnergyStorageTechnologyandEquipmentConference&Exhibition(hereinafterreferredtoas"SNE.
OilPrice
MAY 7, 2025
U.S. supermajor ExxonMobil plans to invest as much as $1.5 billion in deepwater oil and gas exploration and development offshore Nigeria, the local regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said. Exxon sold last year its onshore assets to local firm Seplat Energy, but is committed to offshore exploration and development in the country.
Oil & Gas 360º
MAY 7, 2025
(Oil & Gas 360) –Join us as we celebrate three decades of bringing together the energy industrys companies, investors, analysts, and industryleaders! Investors are encouraged to register for EnerCom Denver The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com The 30 th annual EnerCom Denver The Energy Investment Conference to be held August 17-20, 2025, at the Westin Denver Downtown.
OilPrice
MAY 7, 2025
Despite posting consensus-beating core earnings for the first quarter, Orsted, the worlds biggest offshore wind project developer, on Wednesday warned of a continued challenging environment for the industry with mounting near-term headwinds. The offshore wind industry is challenged in the short term with headwinds relating to supply chain, regulatory, and macroeconomic developments, Orsted said in its Q1 results release today.
Oil & Gas 360º
MAY 7, 2025
(Investing) –LONDON – Oil prices pared gains on Wednesday but rose for a second session, finding support from positive investor sentiment over U.S.-China trade talks to be held this weekend and signs of lower U.S. shale output. Brent crude futures climbed 41 cents a barrel, or around 0.7%, to $62.56 a barrel by 1219 GMT, while U.S. West Texas Intermediate crude was up 48 cents, or 0.8%, at $59.57 a barrel.
OilPrice
MAY 7, 2025
Indias federal government eased on Wednesday coal supply restrictions, allowing independent power producers to bid and procure coal supply at auctions for periods of between 1 and 25 years. Under the new measure passed by the cabinet, producers can bid for coal for periods of up to 25 years at a premium above the notified price at auctions.
Oil & Gas 360º
MAY 7, 2025
(World Oil) – Kazakhstan is considering its options for complying with the countrys OPEC+ obligations to cut production, after Saudi Arabia doubled down on its efforts to bring quota-cheats in line over the weekend. Kazakhstan always was and is committed to OPEC+ agreement, the Astana-based ministry said on Tuesday in emailed reply to questions.
OilPrice
MAY 7, 2025
The European Union is preparing to impose up to 100 billion ($113 billion) in tariffs on US goods if trade talks fail, according to a new report byBloombergthis morning. The draft list of retaliatory measures will be circulated to member states as early as Wednesday, with a one-month consultation period before finalization. These import taxes are unjustified and cause economic harm on both sides of the Atlantic,said EU trade chief Maros Sefcovic.
POWER Magazine
MAY 7, 2025
Residents to benefit from 75 MW of new renewable energy resources Chipotle Mexican Grill, the fast casual restaurant company cultivating a better world by serving responsibly sourced, classically-cooked, real food, […] The post Nexamp and Chipotle Partner to Expand Community Solar Access with 15 New Solar Farms Across the Country appeared first on POWER Magazine.
OilPrice
MAY 7, 2025
Freeport LNG in Texas is set to take more feedgas on Wednesday in a sign that the U.S. liquefied natural gas export plant is gradually resuming service after an outage on Tuesday, per LSEG gas flow data cited by Reuters. Freeport LNG, the company owning the plant, told the Texas environmental regulators on Tuesday that the interruption of power feed led to the shutdown of the three liquefaction trains at the export facility.
Oil & Gas 360º
MAY 7, 2025
Weekly Crude Oil Storage as of May 2, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.0 million barrels from the previous week. At 438.4 million barrels, U.S. crude oil inventories are 7% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 2, 2025.
OilPrice
MAY 7, 2025
Harbour Energy has slammed the governments punitive fiscal position as it announced plans to cut 250 jobs in Aberdeen. The London-listed company, which is the largest oil and gas producer in the North Sea, blamed the Energy Profits Levy and a challenging regulatory environment for the decision. It also noted delays in the ramp-up of carbon capture projects in the UK.
EnergyTrend
MAY 7, 2025
Over 1GW! Three Parties Join Hands, and a Major BC Order Lands in Europe! AccordingtoWechatOfficialAccount@GlobalPV,LONGiGreenEnergy,togetherwiththeworld-renownedenergygroupENGIEandtheworld'sleadingelectricpowerconstructionc.
OilPrice
MAY 7, 2025
Indias overnight missile strikes on Pakistani territory have sharply escalated tensions between the two nuclear-armed neighbors, as the conflict broadens from military confrontation to strategic resource controlspecifically, water and energy infrastructure. Overnight, India initiated "Operation Sindoor," executing coordinated missile strikes on nine locations across Pakistan and Pakistan-administered Kashmir, Al-Jazeera reported.
EnergyTrend
MAY 7, 2025
CATL Passes Hearing, Hong Kong IPO Imminent AccordingtoWechatOfficialAccount@qd-Lib,onMay6,2025,CATL(ContemporaryAmperexTechnologyCo.Limited)releasedanannouncementstatingthatithadpassedtheHongKo.
OilPrice
MAY 7, 2025
Norway is looking to expand its oil and gas production with a new licensing round in frontier areas, with parliament directing the countrys minority government to facilitate the event. Reuters reports that the proposal to restart licensing rounds for oil and gas cameunsurprisinglyfrom the Conservatives but it gained majority support thanks to Norways centrist party, which left the governing coalition earlier this year, putting it on shakier grounds as a minority government.
EnergyTrend
MAY 7, 2025
Price Pressure Amid Weak Demand & Production Adjustments AccordingtoWechatOfficialAccount@gh_50df44b75fe0,Polysilicon:FierceGameBetweenUpstreamandDownstream,CostPressureForcesProductionCutsDownwardRevisionof.
OilPrice
MAY 7, 2025
Suncor reported first-quarter financial results beating analyst expectations on record production, refining rates and refined product sales. The Canadian energy heavyweight booked a net profit of C$1.69 for the quarter, equal to some $1.23 billion, up significantly on a quarterly basis and also up on an annual basis. Operating profits also rose on a sequential basis but were lower than the year-ago result.
BOE Report
MAY 7, 2025
CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (Athabasca or the Company) is pleased to report its first quarter results highlighted by strong operational execution driving robust return of capital with the full completion of its second annual share buyback program.
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