Mon.Apr 21, 2025

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China Unveils World’s 1st ‘Meltdown Proof’ Thorium Reactor

OilPrice

Chinese scientists have achieved a significant milestone in clean energy tech after successfully adding fresh fuel to an operational thorium molten salt reactor, Chinese state media has reported. According to Guangming Daily, the 2-megawatt experimental reactor is located in the Gobi Desert, and the latest milestone puts China at the forefront in the race to build a practical thorium reactorlong considered a more abundant and safer alternative to uranium.

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Nat’l Rig Count Adds 2 @ 585; Marcellus Up 1 @ 25, Utica Up 2 @ 13

Marcellus Drilling News

The Baker Hughes U.S. national rig count recovered somewhat last week, adding two rigs after losing seven rigs two weeks ago. The U.S. count now stands at 585 active rigs. There was big news for the Marcellus/Utica. The combined M-U rig count was 38 last week. That is the highest M-U combined count in almost.

Energy 250
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China Axes Imports of Most U.S. Commodities in Escalating Trade War

OilPrice

China slashed its imports of many U.S. energy and agricultural commodities in March amid intensifying trade and tariff tensions with the United States, which are set to further reduce Chinese purchases of American goods this month and in the coming months. Chinas LNG imports from the United States crashed to zero in March as China slapped tariffs on American LNG and other energy products, making these uneconomical for Chinese buyers.

Energy 354
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U.S. Marketed NatGas Production Grew a Modest 400 MMcf/d in 2024

Marcellus Drilling News

U.S. marketed natural gas production remained “relatively flat in 2024,” according to the U.S. Energy Information Administration (EIA). Gas production last year grew “by less than 0.4 billion cubic feet per day (Bcf/d) compared with 2023 to average 113 Bcf/d,” according to EIA’s latest Natural Gas Monthly report. Translated another way, production grew around 400.

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China’s Oil Supertankers Face $5.2-Million Fee per U.S. Port Call

OilPrice

The U.S. move to penalize China-built and China-owned vessels calling at U.S. ports could lead to an oil supertanker made in China and operated by a Chinese company facing a fee of up to $5.2 million per call at a U.S. port, shipbrokers have estimated. The U.S. last week announced fees on vessel owners and operators of China based on net tonnage per U.S. voyage.

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Ohio Power Siting Board Rejects Huge, Ugly, Unreliable Solar Farm

Marcellus Drilling News

Local townships, whether governed by a majority of Republicans or Democrats, typically reject proposals to install massive, ugly, bird-killing (and filled with toxic chemicals) solar farms, no matter where they are tried (red or blue states). It’s a problem for the tone deaf environmental left. Solar farms are even rejected in blue New York! Another.

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Precious Metals Market Reacts to Tariffs and Economic Shifts

OilPrice

Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) saw a significant bullish action month-over-month, rising by a total of 8%. The U.S. precious metals market (and precious metals prices in general) saw dramatic swings over the past five weeks amid a backdrop of stubborn inflation, evolving interest rate expectations, new tariffs and geopolitical tensions.

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Aramco to Develop New Energy Vehicle Technologies With China’s BYD

OilPrice

Saudi Aramco and the top Chinese electric vehicle manufacturer, BYD, will explore closer collaboration in the development of new energy vehicle technologies, Saudi Arabias state oil giant said on Monday. Aramcos wholly-owned subsidiary, Saudi Aramco Technologies Company (SATC), and BYD have signed a joint development agreement to explore innovative EV technologies that boost efficiency and the environmental profile of new energy vehicles.

Energy 317
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560 MWh! Linyang Energy Signs Overseas Energy Storage Project Agreement

EnergyTrend

560 MWh! Linyang Energy Signs Overseas Energy Storage Project Agreement AccordingtoWechatOfficialAccount@EnergyStorage001,onApril15,localtime,Mr.LuYonghua,PresidentofLinyangGroupandChairmanofLinyangEnergy,Mr.

Energy 130
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This Record Energy Trade Between The US and China Just Collapsed

OilPrice

That energy commodities will be the first to suffer from the trade spat between the United States and China was only to be expected. As tensionand tariff ratesrise, energy commodity trade has plummeted. And it has spread to one major U.S. export segment: petrochemical feedstock. Last year, propane exports from the United States hit a record high since records began back in 1973.

Energy 312
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12GW overseas PV project delayed!

EnergyTrend

12GW overseas PV project delayed! AccordingtoWechatOfficialAccount@DNE,onApril21,India'sMinistryofNewandRenewableEnergy(MNRE)hasapprovedtwogovernmentagenciestoextendthecommissioningofs.

Energy 130
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U.S. Counters Iran Talks with Saudi Nuclear Deal Strategy

OilPrice

Just one day after U.S. negotiators met their Iranian counterparts in Oman to discuss drawing up a new nuclear deal (the Joint Comprehensive Plan of Action), Energy Secretary Chris Wright flew into Saudi Arabia to talk about a nuclear deal with the Kingdom as well. Such a deal with Riyadh would place enormous pressure on its historical religious, political and military enemy Tehran to reach an agreement on its own nuclear energy programme with the U.S. sooner rather than later.

Energy 310
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100MW200MWh! Chinese company signs EPC deal for energy storage in Romania

EnergyTrend

100MW200MWh! Chinese company signs EPC deal for energy storage in Romania AccordingtoWechatOfficialAccount@EnergyStorage001,,ChinaEnergyEngineeringCorporation(CEC)andRomanianVenerableEPCCompanyformallysignedaframeworkcoopera.

Energy 130
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Chevron, Total Start Landmark Oil Production at Ballymore in Gulf

OilPrice

Chevron and TotalEnergies just flipped the switch on oil production from the Ballymore project in the deepwater Gulf of Mexico, with the project expected to pump around 75,000 barrels of oil per day at its peak. The field, discovered back in 2018, sits about 160 miles southeast of New Orleans and is now officially flowing oil through a tieback to Chevrons existing Blind Faith platform, cutting down costs and time in a significant victory for Big Oil in this volatile oil price landscape.

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2 GWh! Another Big Order for Energy Storage System Signed

EnergyTrend

2 GWh! Another Big Order for Energy Storage System Signed AccordingtoWechatOfficialAccount@EnergyStorage001,recently,CloudEnergyCubeandNoahJapanheldastrategicprocurementsigningceremonyinTokyo,Japan.Accordingt.

Energy 130
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Iraq’s Oil Embargo Was Never Just About Oil

OilPrice

It is sometimes difficult in the multi-dimensional world of Middle Eastern geopolitics to see the bigger picture, and this has certainly been true for many looking at the ongoing conflict between the south and the north of Iraq. The most notable superficial manifestation of this in recent times has centred on the continued embargo of independent oil sales from the semi-autonomous Kurdistan Region of Iraq (KRI) in the north by the Federal Government of Iraq (FGI) in the south.

Oil 272
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Enverus Load Forecast Outperforms ISO by 76% in MISO’s Late-Season Freeze

Enverus

For more than 25 years, Enverus Load Forecasts have been the gold standard in load forecasting, delivering unmatched accuracy and reliability. This was vividly demonstrated during a significant late-season cold spell that gripped the Midwest Independent System Operator (MISO) region from April 4-11, 2025. As winter lingered with unseasonably cold temperatures, triggering widespread freeze warnings across at least 15 states, Enverus Load Forecasts significantly outperformed MISOs ISO forecasts.

Utilities 130
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Traders Flee to Gold, Ditch Oil

OilPrice

Amid heightened uncertainty about trade and economies, gold prices have hit multiple record highs this year, while oil prices have slipped to four-year lows as concerns about global oil demand spiked with all the trade and tariff chaos. Gold hit another record high on Monday as the U.S.-China trade war escalated and the U.S. dollar weakened amid persistent fears of a recession.

Oil 266
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Exploring the Future of Canadian Oil Sands and Montney Plays

Enverus

Insights on WCSB Oil Production Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Enverus Intelligence Research (EIR), a subsidiary of Enverus, recently published the report, “ Oil Sands Play Fundamentals ” which takes a deep dive into these changes, providing crucial insights for industry stakeholders.

Oil 130
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Musk's Political Involvement Weighs on Tesla

OilPrice

Tesla has set its Q1 2025 earnings call for Tuesday, April 22, at 4:30 p.m. CT / 5:30 p.m. ET. As usual, the event will be livestreamed, with a recording available later on Teslas website. The Q1 Update Letter will be released after markets close that same day. This quarter, as multiple Tesla blogs like Teslarati have pointed out, Tesla is also adding a new element: a Company Update.

IT 263
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Phillips 66 hits out at activist investor Elliott over conflict of interest

Oil & Gas 360º

(Oil Price) –U.S. refiner Phillips 66 told shareholders on Monday that they should keep in mind that activist investor Elliott, which wants to break up one of the biggest U.S. refiners, may not necessarily act in Phillips 66 shareholders interests as it is pursuing an acquisition of Citgo, a direct competitor of Phillips 66. Activist hedge fund Elliott Investment Management has called on Phillips 66 to spin off its midstream business and tighten up operations.

Casing 130
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Phillips 66 Hits Out at Activist Investor Elliott Over Conflict of Interest

OilPrice

U.S. refiner Phillips 66 told shareholders on Monday that they should keep in mind that activist investor Elliott, which wants to break up one of the biggest U.S. refiners, may not necessarily act in Phillips 66 shareholders interests as it is pursuing an acquisition of Citgo, a direct competitor of Phillips 66. Activist hedge fund Elliott Investment Management hascalled onPhillips 66 to spin off its midstream business and tighten up operations.

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Chevron starts oil production from Ballymore Project in Gulf of America

Oil & Gas 360º

(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) Chevron Corporation ( NYSE: CVX ) announced today that it started oil and natural gas production from the Ballymore subsea tieback in the deepwater Gulf of America. Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026.

Oil 130
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Turkey Looks to Expand Oil and Gas Exploration in Its Region

OilPrice

Turkey is boosting domestic natural gas production in its Black Sea waters and is looking to expand its international partnerships in oil and gas exploration in Bulgarias Black Sea, in the Caspian Sea region, and in Iraq, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, said on Monday. Turkish state energy firm TPAO and an international oil firm are negotiating a deal for oil and gas exploration in the Black Sea block off the coast of Bulgaria, Turkeys neighbor to the northwes

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How to Shop for Renewable Electricity in Pennsylvania Copy

The Energy Co-op

Join The Energy Co-op at our Annual Member Meeting and Conference. Who: Members and Friends of The Energy Co-op Where: The Inn at Swarthmore, Swarthmore, PA When: Saturday, June 9th, 8:30am 2:00pm What: The Annual Member Meeting and Conference brings together Co-op members, members of the community and representatives from other Co-ops and other organizations working on sustainable development in PA followed by the Co-op membership meeting.

Energy 130
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ENN Signs ADNOC Supply Agreement in Biggest UAE-China LNG Deal

OilPrice

Chinese privately held firm ENN Natural Gas has signed a 15-year deal to source LNG from ADNOCs new liquefied natural gas export project, in the biggest agreement between China and the United Arab Emirates on LNG supply so far. ENN LNG (Singapore), a wholly owned subsidiary of ENN Natural Gas, has signed the long-term LNG sale and purchase agreement the national oil and gas firm of the UAE, under which ADNOC will supply approximately one million tons per annum (mtpa) of LNG to ENN NG for a perio

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Cisco U. Spotlight: Your Best Day of Learning is Waiting

Cisco: Oil & Gas

AI, Security, Network Observability, and more. Immerse yourself in expert-led lectures and demos on todays most transformative technologies at Cisco U. Spotlight, April 24, 2025.

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Oil Prices Down 2% as Markets Scramble for Clarity

OilPrice

Crude oil prices fell sharply on Monday, with Brent and West Texas Intermediate (WTI) futures declining nearly 3% as markets reacted to perceived progress in U.S.-Iran nuclear negotiations and mounting concerns over global demand.? Brent crude was trading down 2.2% at $66.59, and the U.S. crude benchmark, West Texas Intermediate (WTI), was down 1.92% at $63.44, unsure of how to weigh the impact of a fast-evolving tariff war theater against what analysts are interpreting as a positive progress to

Oil 224
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11 ways to encourage everyone to speak up at meetings

SmartBrief

Imagine meetings where every voice is heard, every idea is valued, and innovation thrives because your employees feel truly empowered to speak up. Creating this kind of culture doesnt happen by chance it requires intentionality, consistency and the right strategies. Speaking up is about driving engagement, fostering collaboration and sparking the kind of creativity that can transform your organization.

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Russia’s Economy Ministry Lowers 2025 Oil Price Forecast

OilPrice

Russias Economy Ministry has lowered its forecast for oil prices this year in an update for its baseline scenario, reflecting the latest trends on global oil markets. Per the new scenario, Brent crude will average $68 per barrel, down from $81.7 per barrel in the September 2024 scenario, Interfax reported today. The ministry also updated its oil price forecast for the next two years, expecting Brent crude at an average of $72 per barrel for 2026, down from $77, to remain at $72 in 2027 as well,

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How AI is Driving the Next Wave of Oil & Gas, Energy Innovation

Marcellus Drilling News

AI, artificial intelligence, has been in the news a lot lately, particularly in the Marcellus/Utica region. Most of the stories we’ve brought you deal with huge new AI data centers being built in the M-U region, requiring a big increase in electricity to power them. Most of the electricity comes from natural gas-fired power plants.

Gas 119
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Oil Prices Begin the Week With a Dip

OilPrice

Crude oil prices began trade this week with a decline amid diminished hopes for a quick end to the war in the Ukraine and the prospect of lower demand amid the tariff turmoil. News of nuclear deal negotiations between the United States and Iran contributed to the trend. At the time of writing, Brent crude was trading at $66.83 per barrel and West Texas Intermediate was changing hands for $63.58 per barrel.

Oil 188
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Ciudad del Carmen, la joya petrolera en declive

Oil & Gas Magazine

La crisis de pagos de Pemex y la cada en la produccin petrolera han hundido la economa de Ciudad del Carmen, antigua capital energtica de Mxico. Ciudad del Carmen, Campeche, que alguna vez fue smbolo del auge petrolero en Mxico, atraviesa una profunda crisis econmica. Hace dos dcadas, esta ciudad costera vivi su apogeo gracias al megaproyecto Cantarell, que lleg a producir hasta 2 millones de barriles diarios de crudo, elevando la produccin nacional a un histrico de 3 millones de barriles por da

Upstream 116
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Beijing Warns Against U.S. Trade Deals That Harm Chinese Interests

OilPrice

The U.S.-China trade war took another turn toward escalation on Monday as China threatened to retaliate against countries which make trade deals with the United States that would hurt Beijings interests. Appeasement cannot bring peace, and compromise cannot earn one respect, a spokesperson for the Chinese Commerce Ministry said on Monday. China firmly opposes any party reaching a deal at the expense of China's interests.

IT 173
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Driving Sustainability Forward: The Power of Innovative Partnerships

Cisco: Oil & Gas

Cisco and partners like Logicalis, Orange Business, and CAE drive sustainability through innovative solutions and collaboration, enhancing environmental impact and achieving business goals.

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Libyan Oil Revenue Decline, Unrest Send Dinar Plunging

OilPrice

Libya's dinar has plunged to record lows, driven by a sharp decline in oil revenues and escalating political unrest. The Central Bank of Libya (CBL) devalued the currency by 13.3% on April 6, setting the official rate at 5.5677 dinars per U.S. dollarthe first such move since 2020. However, the black-market rate has soared to over 7.20 dinars per dollar, reflecting deepening economic instability.?

Oil 168
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Pemex endurece austeridad: vigilará hasta baños y focos

Oil & Gas Magazine

Pemex refuerza su plan de austeridad con medidas extremas: control de energa, agua y papelera, generando tensiones entre trabajadores por permisos para ir al bao. En un contexto de crisis financiera y presiones fiscales, Petrleos Mexicanos (Pemex) ha endurecido su poltica de austeridad con nuevas directrices que llegan hasta los baos y la papelera de sus oficinas.