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As the artificial intelligence (AI) boom drives exponential demand for data centers, the United States position as an AI leader is at risk without immediate action to address growth constraints. The post Addressing Data Center Growth Constraints Key to U.S. Innovation, Leadership in AI appeared first on POWER Magazine.
U.S. natural gas prices fell by 6% on Friday morning amid the overall panic market selling, but the benchmark Henry Hub price was declining less than the WTI Crude prices, which sank by more than 8% to hit a low of $61 per barrel. The benchmark price for U.S. natural gas delivered at Henry Hub was plunging by 6.26% to $3.877 per million British thermal units (MMBtu) as of 10:35 a.m.
Several members of the energy community recently provided POWER magazine with their insights on electrification, looking at the challenges for continuing adoption of technologies driving the transition. The post The POWER Interview: Proper Planning Key to Support Electrification appeared first on POWER Magazine.
While lithium has a starring role in the global clean energy transition thanks to its fundamental importance in batteries for electric vehicles and energy storage, the white gold may be as much of an environmental threat as it is a savior. Extraction processes for the metal are associated with significant negative environmental externalities and public health risks, and now scientists are questioning whether the world can spare the vast amount of fresh water lithium production consumes.
An important decision was recently issued in a federal court case (in Ohio) that potentially affects landowners and drillers with shale leases throughout the Marcellus/Utica. At least, we believe it has broader implications. The case, The Grissoms, LLC v. Antero Resources Corporation, was decided by the United States Court of Appeals for the Sixth Circuit.
Several of Europe's top diplomats called out Russian President Vladimir Putin for failing to agree to a US-led peace proposal to end the war in Ukraine amid signs Washington has grown wary of the Kremlin's intentions during several weeks of talks. Several of Europe's top diplomats, commenting during the second day of a meeting of NATO foreign ministers in Brussels on April 4, urged allies to put more pressure on Moscow to come to an agreement.
According to the U.S. Energy Information Administration (EIA), U.S. exports of liquefied natural gas (LNG) represent the largest source of natural gas demand growth this year. LNG gross exports are expected to increase by 19% to 14.2 billion cubic feet per day (Bcf/d) in 2025 and by 15% to 16.4 Bcf/d in 2026. The start-up.
Chinese state-owned oil giant CNOOC Ltd., which stands for China National Offshore Oil Corporation, has followed through on an earlier announced sale of its Gulf of Mexico assets to Britains Ineos Energy. This is a major step for us into the deepwater Gulf of Mexico, which builds on our growing energy business, said Ineos CEO David Bucknall in announcing the deal in December 2024.
Chinese state-owned oil giant CNOOC Ltd., which stands for China National Offshore Oil Corporation, has followed through on an earlier announced sale of its Gulf of Mexico assets to Britains Ineos Energy. This is a major step for us into the deepwater Gulf of Mexico, which builds on our growing energy business, said Ineos CEO David Bucknall in announcing the deal in December 2024.
Pennsylvania State Rep. Martina White (Republican) is a financial advisor and a lifelong resident of Northeast Philadelphia. She is a unicorn—“something highly desirable but difficult to find or obtain.” That is, an elected Republican from Philadelphia. White was first elected to her office on March 24, 2015, in a special election to fill an open.
On the eve of the first-ever Central Asia-European Union summit, Kazakhstan announced the discovery of vast deposits of rare earths, a big nugget of information clearly designed to attract foreign investment. The two-day summit kicked off on April 3 in the Uzbek city of Samarkand, with the leaders of Central Asian states, along with European Council President Antnio Costa and European Commission President Ursula von der Leyen, in attendance.
Earlier this week, MDN told you about a mineral/royalty rights purchase made by WhiteHawk Energy, increasing its ownership interest in 475,000 gross acres in the Marcellus Shale for $118 million (see WhiteHawk Energy Doubles Ownership Interest in 475K Marcellus Acres). It appears there are more of those kinds of deals on the immediate horizon.According to.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 1 rig dip in the prior week. The total rig count in the US fell by 2 to 590 rigs, according to Baker Hughes, down 30 from this same time last year. The number of oil rigs rose by 5 to 489down by 19 compared to this time last year.
We have an important update to share. On Feb. 19, MDN published a post about a Catalyst Energy wastewater injection well in Keating Township, McKean County, PA (see Wastewater Injection Well in McKean County Fails 2 Integrity Tests). That post used news from a local newspaper that made what is now known as a false.
The Iraqi Oil Ministry is calling for an urgent meeting to discuss the long-awaited and delayed resumption of oil exports from the semi-autonomous region of Kurdistan, state media reported on Friday. In February, Iraq and Kurdistan appeared to be close to agreeing on all technical and financial details about resuming exports in March. Oil exports from Kurdistan have now been halted for more than two years after they have been shut in since March 2023due to a dispute over who should authorize the
Oil crashed along with most markets both yesterday and today, crude has lost over 10 dollars. Today in the Serica/EnQuest situation a delay was announced and the new deadline is 2nd May. The post Oil price, Serica. And finally… appeared first on Malcy's Blog.
WTI crude came under heavy selling pressure Thursday after the U.S. rolled out a sweeping tariff package that sparked immediate fears of slower global growth and weaker oil demand. Traders werent reacting to the direct impact on crudeoil and refined products were excludedbut to the ripple effect across the broader economy. A 10% minimum import tariff on nearly all goods landed like a hammer.
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) continued to narrow on Friday, dipping into sub-$9 territory as global oil prices fell to pandemic levels. WCS for May delivery in Hardisty, Alberta, settled at $8.
BP chair Helge Lund has informed the board that he would be stepping down from the role most likely during 2026, as activist investor Elliott continues to demand more changes at the UK-based supermajor. BPs board of directors has initiated a succession process to select a new Chair after Helge Lund informed the board of his intention to step down in due course, the company said on Friday.
Markets were stunned when OPEC+ when chose not only to go ahead with its plans to raise oil production, but also to nearly triple the expected increase figure.
A district court in Russia has ruled that the moorings of the main export terminal for Kazakhstans oil should all remain open, which will likely avert a drop-off in Kazakhstans crude oil exports. Early this week, Russia ordered shut two of the three moorings of the main oil export terminal on Russias Black Sea coast handling Kazakhstans oil exports.
(Oil Price) –BP chair Helge Lund has informed the board that he would be stepping down from the role most likely during 2026, as activist investor Elliott continues to demand more changes at the UK-based supermajor. BPs board of directors has initiated a succession process to select a new Chair after Helge Lund informed the board of his intention to step down in due course, the company said on Friday.
ExxonMobil expects its first-quarter earnings to be higher than in Q4 by up to $2 billion, thanks to higher oil and gas prices and rising refining margins. Exxons earnings in the upstream segment could be up to $900 million higher in the first quarter compared to the fourth quarter of 2024, due to higher oil and gas prices and timing effects, the supermajor said in an SEC filing.
(Oil Price) –ExxonMobil expects its first-quarter earnings to be higher than in Q4 by up to $2 billion, thanks to higher oil and gas prices and rising refining margins. Exxons earnings in the upstream segment could be up to $900 million higher in the first quarter compared to the fourth quarter of 2024, due to higher oil and gas prices and timing effects, the supermajor said in an SEC filing.
The most oft-quoted, some would say over-quoted phrase in trading and investment analysis is Warren Buffetts entreaty to be Fearful when others are greedy, and greedy when they are fearful. In part, that overuse may be because those like me that write on the subject are often not particularly original thinkers, but it is also because it is a succinct way of saying something that is blindingly obvious, but which human nature makes it very hard to adhere to.
(World Oil) – In a bid to bolster investment and competitiveness within Africa’s oil and gas sector, national oil companies (NOCs) in Nigeria and Angola are progressing with long-anticipated initial public offerings (IPOs). These IPOs are poised to attract significant global investment, providing much-needed capital to enhance production capabilities, improve infrastructure and foster long-term growth.
Brookfield Infrastructure Partners has struck a deal to acquire Colonial Pipeline for about $9 billion including debt. The buyer expects the deal to be finalized in the second half of the year. Brookfields equity investment in the company will be $500 million, representing 15% of the total equity investment in the deal, the finance company also said.
OTHER U.S. REGIONS: North Carolina looks to repeal GHG law; NYC wins in court re banning natgas in new buildings; Texas oil and gas industry continues to dominate job growth; NATIONAL: BKV appoints Dilanka Seimon as companys first Chief Commercial Officer; U.S. Energy Sec. Wright says climate change alarmism has hurt energy dev; Gas producers.
Australias ASX energy index plummeted by 8% at close on Friday amid rising concerns about economic growth and oil demand in continued panic selling in all major markets after the U.S. tariff announcement. The S&P/ASX 200 Energy [XEJ] index consists of the 11 companies in the S&P/ASX 200 that are classified as members of the GICS Energy sector. The index is rebalanced quarterly and constituent businesses tend to center around oil, gas, and coal.
For the week of Mar 24 – 30, the number of permits issued in the Marcellus/Utica to drill new shale wells dropped by three from the previous week. Last week, 19 new permits were issued, with 15 going to the Keystone State (PA). Seneca Resources received the lion’s share, 13 of the 15 permits, all.
A group of investors led by Brookfield agreed to acquire Colonial Enterprises in a deal that values the operator of the biggest U.S. fuel pipeline at about $9 billion.
Pemex y la Agencia Nacional de Aduanas formalizarn un contrato para convertir al Puerto de Matamoros en un polo de atraccin clave dentro del T-MEC y consolidarn la construccin del Puerto Seco en Ciudad Victoria Petrleos Mexicanos (PEMEX) y la Agencia Nacional de Aduanas (ANAM) anunciaron el desarrollo de un convenio de entendimiento con clusulas de confidencialidad y, una vez definidas las tarifas y corridas financieras, se formalizar un contrato para convertir al Puerto de Matamoros en un polo
Lewis Senior is the CEO and co-founder of Equilibria, a coaching and consultancy company empowering individuals, teams, and businesses across multiple sectors to realise potential and achieve their desired results. His career began working offshore in the mid-seventies before transitioning his skills to support the growth of others. In the energy industry, its vital that we stay curious, stay adaptable, and stay people-focused.
U.S. history is full of ambitious projects, including the space program, the Interstate Highway System, the Alaska Highway, the post-Sputnik investment in scientific research, and the industrial mobilization during World War II, whose rationale was at least partly to confront foreign adversaries according to the NY Times.
El gobierno de Durango logr programar nuevas reuniones con la Cmara de Pequeos Comercios de Alemania y empresas del sector industrial, para detonar nuevas oportunidades en agroindustria, innovacin tecnolgica y turismo En el marco de las actividades de la feria industrial ms importante del mundo, Hannover Messe, se llev a cabo una reunin del gobernador de Durango, Esteban Villegas Villarreal con el Vicecanciller Federal de Alemania y Ministro de Economa y Proteccin del Clima, Robert Habeck, con e
Leaders have long navigated through the intersection of tension. Today, they face an environment of external tensions: tariff threats, tax changes and tense geopolitical relationships. These tensions affect our teams emotional capacity to execute as the news keeps coming. Daily cycles are now hourly with orders, and announcements are constantly flooding the zone of information.
Prime Minister Mostafa Madbouly held a meeting to follow up on a number of topics related to Egypt’s energy portfolio. The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources; Mahmoud Esmat, Minister of Electricity and Renewable Energy; and Ahmed Kochouk, Minister of Finance. At the beginning of the meeting , Madbouly pointed to the attention the state gives to the energy sector, considering its role in meeting the various needs and requirements of the product
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