OilPrice
MAY 20, 2025
The biggest international oil firms used the first-quarter earnings calls to reassure investors that Big Oil is in a business as usual mode at oil prices at $60 per barrel. As ExxonMobil, Chevron, Shell, BP, and TotalEnergies reported their Q1 earnings and provided guidance for the second quarter and the rest of the year, oil prices were ending one of the worst months in years, in which oil sank to its lowest level since 2021.
Oilholics Synonymous Report
MAY 20, 2025
While the doors of Emerson Exchange 2025 opened on Monday, formal proceedings got underway on Tuesday morning with a keynote from Emerson CEO Lal Karsanbhai. The global industrial technology and software vendor's boss said his industry is facing dynamic markets in an evolving industrial landscape. "Emerson is moving in the right direction with purpose, conviction and agility in automation, shaping what's next for global industries," he noted.
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OilPrice
MAY 20, 2025
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose again, this time by 2.499 million barrels in the week ending May 16 after analysts had estimated a 1.85-million-barrel draw. The API reported a 4.287 million barrel inventory increase in the prior week. So far this year, crude oil inventories are up more than 25 million barrels, according to Oilprice calculations of API data.
Marcellus Drilling News
MAY 20, 2025
EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), owns nearly half a million acres of leases in the Ohio Utica (~460,000 acres). EOG calls its position the Ohio Utica combo play and considers it one of the companys “premium” and “emerging” plays. EOG.
OilPrice
MAY 20, 2025
U.S. shale production will likely plateau if WTI oil prices remain in the low $60s per barrel, and decline at prices in the $50s, ConocoPhillips chairman and CEO Ryan Lance said at the Qatar Economic Forum on Tuesday. The breakeven probably hasn't moved a lot, Lance said in Doha, commenting on the breakeven for U.S. shale firms to profitably drill a new well.
POWER Magazine
MAY 20, 2025
As the world transitions toward renewable energy sources, geothermal power has emerged as one of the most promising, yet underutilized, options in the clean energy portfolio. Unlike solar and wind, […] The post Modular Geothermal Power: Gradients Scalable Solution for Oil and Gas Sites appeared first on POWER Magazine.
OilPrice
MAY 20, 2025
Australias Woodside Energy, the developer of the Louisiana LNG export project, expects global natural gas demand to jump by 50% by the end of the decade, chief executive Meg ONeill said at an industry conference on Tuesday. Woodside Energy, the biggest natural gas producer in Australia and developer of LNG projects at home and abroad, has seen customers willing to lock in LNG supply into the 2040s, the executive said at the World Gas Conference in Beijing.
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OilPrice
MAY 20, 2025
The European Union will propose to G7 finance ministers to lower the price cap on Russian crude from the current $60 per barrel to $50, European Economic Commissioner Valdis Dombrovskis said. Established in December 2022, the G7 oil price cap prevents Western-allied companies from providing shipping, insurance, and related services for Russian crude sold above $60 per barrel.
Marcellus Drilling News
MAY 20, 2025
In March 2024, we reported that two Democrats and one anti-drilling RINO who run Bucks County, PA government (a Philadelphia suburb) fell for the bait by Big Green and filed a lawsuit against Big Oil companies for supposedly, knowingly, causing the Earth to toast to a cinder (see Bucks County, PA, Sues Big Oil for.
OilPrice
MAY 20, 2025
Kazakhstans oil production rose 2% in May, defying yet another OPEC+ quota and testing the limits of Saudi Arabias patience with overproducers. According to an industry source cited by Reuters, the country pumped an average of 1.86 million barrels per day (bpd) of crude in the first 19 days of Maywell above its OPEC+ target of 1.486 million bpd.
Marcellus Drilling News
MAY 20, 2025
The data center high tide is lifting all gas drilling boats. That’s according to a new study from S&P Global Commodity Insights that finds the expectations of a coming boom in demand for electricity for data centers, which will create a boom in demand for natural gas to produce the electricity, is causing gas drilling.
OilPrice
MAY 20, 2025
Looking at Berkshire's mindblowing $350 billion cash stash. one would think that there is nothing in the market that a value investor would find attractive. One would be wrong: almost half of all mid- and small-cap oil and gas stocks in the US are now trading below their book values. Thats the highest level since the pandemic. And according to Bloomberg, its a gift for value investors worshiping the gospel of Warren Buffett and his mentor Ben Graham, who referred to these kinds of opportunities
Oilholics Synonymous Report
MAY 20, 2025
The Oilholic has arrived in San Antonio, Texas, US for the week-long Emerson Exchange 2025 - the thought leadership event of engineering services, industrial automation and software giant Emerson. The event - being held at the city's Henry B. Gonzalez Convention Cente - is expected to draw in nearly 4,000 attendees from over 50 countries, representing 300-plus companies integral to the global industrial and manufacturing complex.
OilPrice
MAY 20, 2025
Ukraine is urging the G7 to slash the price cap on Russian oil to $30 per barrel, down from the current $60, in a bid to tighten the financial screws on the Kremlin as its war drags into a third year. Foreign Minister Andriy Sybiha made the case in Brussels on Tuesday, saying the current cap is too lenient now that global prices have slipped and Russian barrels are already trading below the ceiling.
Marcellus Drilling News
MAY 20, 2025
Yesterday, the NYMEX “front month” natural gas price index got whacked and whacked good. The price sank $0.221 from the previous day, down to a closing price of 3.113/MMBtu. Below-average temperatures are forecasted in most of the eastern half of the country over the next 6-10 days, meaning less use of natgas for cooling. Production.
OilPrice
MAY 20, 2025
OPECs expectations of global oil demand growth remain generally optimistic, despite recent headwinds including risks to trade and the global economy, OPEC Secretary General Haitham Al Ghais said on Tuesday. Al Ghais chaired the 17th Technical Meeting of OPEC and Non-OPEC Countries Participating in the Charter of Cooperation (CoC), which was attended by delegates from OPEC+ countries and select industry experts.
Malcolm Graham Wood
MAY 20, 2025
Oil has drifted ahead of the WTI expiry tonight. Jadestone has reported finals in line with guidance and Petrofac announce that its restructuring plan has been approved by the High Court. The post Oil price, Jadestone, Petrofac. appeared first on Malcy's Blog.
OilPrice
MAY 20, 2025
Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) rose month-over-month. Overall, the index saw a price increase of 5.11% as precious metals prices fluctuated and gold prices hit new record highs again. Palladium Remains Lackluster Palladium continues to put in an underwhelming performance. Its biggest demand driver, automotive catalytic converters, has softened as U.S. vehicle production shows signs of slowing.
EnergyTrend
MAY 20, 2025
35GWh Power Battery and Energy Storage Battery Project Starts Construction AccordingtoWechatOfficialAccount@EnergyStorage001,onMay16th,thegroundbreakingceremonyofJiahangNewEnergyIndustrialParkAProject,whichwasconstructedbyChi.
OilPrice
MAY 20, 2025
Saudi Arabias goal is long-term oil market stability, while the Kingdom is always ready for multiple oil price scenarios, Saudi Minister of Economy and Planning, Faisal Alibrahim, said on Tuesday. We're always ready for scenarios - multiple scenarios, and we have buffers, Alibrahim said at the Qatar Economic Forum in Doha. We have the long-term fiscal planning and medium-term frameworks that help us adjust depending on what scenario actually plays out, the Saudi official added.
EnergyTrend
MAY 20, 2025
Hymson Laser Has Secured BC Equipment Order Intentions with Multiple Clients AccordingtoWechatOfficialAccount@kc13583566863,HymsonLaserhasreleaseditsinvestorrelationsactivityrecord.Accordingtothecompany,itiscontinuouslyadvancin.
OilPrice
MAY 20, 2025
Chinese imports of Russian crude oil slumped to below 2 million barrels per day (bpd) in April, down by 13%, while imports from Malaysia, the biggest trans-shipment hub for Irans oil, nearly doubled from a year earlier. Chinas imports from Russia, its single biggest supplier of crude, fell by 12.9% on the year to 1.96 million bpd in April, according to Chinese customs data in tons converted into barrels per day by Reuters.
Oil & Gas 360º
MAY 20, 2025
(Oil & Gas 360) – Earlier this month, EnerCom met with CanCambria Energy CEO Paul Clarke, PhD, to talk about how the company could transform natural gas markets in Europe through CanCambrias Kiskunhalas drilling project in the Pannonian tight gas basin. The company has recently opened an office in Budapest, Hungary, in the heart of the immense basin.
OilPrice
MAY 20, 2025
An Australian tribunal has ruled that a multi-billion gas project by Santos in New South Wales can proceed as energy and gas security outweighs potential damages to climate and an Indigenous heritage site. Santos, one of Australias top energy firms, has proposed the US$2.3-billion (AUS$3.6 billion) Narrabri Gas Project, a coal-seam gas project in the northwest of New South Wales that overlaps with cultural heritage sites of the indigenous Gomeroi people.
Oil & Gas 360º
MAY 20, 2025
(BOE Report) – U.S. shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream service fees by entering into agreements with its own subsidiaries.
OilPrice
MAY 20, 2025
Saudi Arabias direct crude burn for power generation is likely to rise this summer compared to last year, potentially easing part of the concerns about a global oil glut as the OPEC+ group continues to unwind its production cuts. Amid rising prices for fuel oil, another staple in power-generating fuels in the Middle East, many countries will be looking to burn more of their crude supply, traders and analysts have told Reuters.
Oil & Gas 360º
MAY 20, 2025
(Oil & Gas 360) CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) announces that the Company has accepted an invitation to join the Continental Europe Energy Council (“CEEC” or the “Council”). Founded in 1994, the Continental Europe Energy Council is a membership association for companies engaged in the subsurface energy industry within Continental Europe.
POWER Magazine
MAY 20, 2025
Fluence Energy, a global group that delivers intelligent energy storage systems, services, and asset optimization software, announced the start of production at a new manufacturing facility in Goodyear, Arizona. The facility that opened May 20 will produce enclosures made with U.S. steel and battery management system (BMS) hardware for Fluence's grid-scale energy storage systems.
Oil & Gas 360º
MAY 20, 2025
TotalEnergies has signed an agreement with Ksi Lisims LNG to purchase 2 Mtpa of LNG for 20 years …
EnergyTrend
MAY 20, 2025
Eyeing the U.S.! 5GW Solar Cell Project Settles in Turkey AccordingtolocalmediaDailySabah,TurkishphotovoltaicmanufacturerElinEnergywillinvestapproximately$400million(about2.885billionRMB)tobuildamanufacturing.
Oil & Gas 360º
MAY 20, 2025
Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) to…
EnergyTrend
MAY 20, 2025
BYD Establishes European Headquarters in Hungary OnMay15,BYDannouncedplanstoinvestapproximatelyHUF100billion(aboutRMB2billion)toestablishitsEuropeancorporateheadquartersandR&DcenterinBudapest,Hun.
Oil & Gas 360º
MAY 20, 2025
2025-05-19 04:06:11 ET Goldman Sachs on Sunday said it is maintaining a guarded stance …
EnergyTrend
MAY 20, 2025
T1 Energy signs Letter of Intent with Manaar Gulf in Saudi Arabia to invest in 5GW solar cell project in the US! May15(GLOBENEWSWIRE)--T1Energyannouncedthatithassignedanon-bindingLetterofIntentinRiyadhwithManaarGulfSaudiArabiaLtd.toinvestintheG2_Austinsolarcellpl.
Oil & Gas 360º
MAY 20, 2025
2025-05-19 00:38:38 ET A cautious mood permeated Asian financial markets at Monday …
Oil & Gas Magazine
MAY 20, 2025
El CJNG roba crudo a Pemex, lo trafica a EEUU, lo refina y revende. Pemex lo recompra sin saberlo. Pierde el pas 485 mdp diarios. La Oficina de Control de Bienes Extranjeros (OFAC) del Departamento del Tesoro de Estados Unidos revel un complejo esquema de robo y trfico de petrleo crudo en el que el Crtel Jalisco Nueva Generacin (CJNG) est involucrado y que afecta directamente a Petrleos Mexicanos (Pemex).
Oil & Gas 360º
MAY 20, 2025
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