Thu.May 01, 2025

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The Next Five Years Will Define U.S. Nuclear’s Fate

POWER Magazine

The U.S. stands at a critical juncture. Were experiencing electric load growth for the first time in decades, as fierce global competition reshapes the energy landscape. Nuclear power, both the […] The post The Next Five Years Will Define U.S. Nuclears Fate appeared first on POWER Magazine.

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Gold Prices Sink as China Dumps Stockpiles

OilPrice

Just one week ago, China seemingly couldn't get enough of gold, and the price of spot briefly touched a record $3500 as a result of, among other things, staggering inflows into Chinese gold ETFs such as the Huaan Yifu, Bosera and Guotai gold ETFs. But, as with all things momentum-based in China, it's easy come, easy go in the land of Dragons, and as Goldman commodity trader Adam Gillard writes, China liquidated what it bought last week ahead of the Labor Day holiday, resulting in total onshore p

IT 364
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Energy Transition Today: Quick Charges, Quaking Grids | EV Fast Charging

Enverus

Chinas electric vehicle (EV) industry is making headlines with the rollout of fast chargers capable of recharging a vehicle in just five minutes. Leading this transformation are BYD, the worlds largest EV manufacturer, and CATL, the biggest battery producer, with next-generation models built for high-speed charging. While it represents a big step in the EV industry, the technological leap will shift peak EV loads from the middle of the night to coincide with evening peaks, posing serious challen

Energy 221
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Venezuela Sees Oil Exports Plunge 20% After Canceling Chevron Cargoes

OilPrice

Venezuela saw its oil exports slump by nearly 20% in April from March to the lowest level in nine months, after state-owned oil firm PDVSA canceled cargoes for Chevron, Reuters reported on Thursday, citing shipping documents and tanker-tracking data. Last month, the country holding the worlds largest crude oil reserves exported just 700,000 barrels per day (bpd) of crude and fuels, according to the data.

Oil 341
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Scaling the Cisco AI Assistant for Support with Splunk

Cisco: Oil & Gas

Cisco needed to scale its virtual support engineer that assists its technical support teams around the world. By leveraging its own Splunk technology, Cisco was able to scale the AI assistant to support more than 1M cases and free up engineers to concentrate on more complex cases, creating a 93+% customer satisfaction rating, and ensuring the critical support continues running in the face of any disruption.

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Russia Slashes Energy Revenue Forecast by 24% as Oil Prices Dip

OilPrice

Russia expects 24% lower revenues from oil and gas this year compared to earlier estimates, following the oil price crash that began in early April and sank the price of its flagship Urals crude close to the $50 per barrel mark. Russia now sees its oil and gas revenues at about $101.7 billion (8.32 trillion Russian rubles) for 2025, according to the finance ministrys latest update.

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Embracing a Passwordless Future: Cisco’s Journey to Seamless Authentication with Duo Passwordless

Cisco: Oil & Gas

Cisco IT needed to secure its workforce in a zero trust, user-friendly way that would allow its 130,000 users to securely work anywhere, from any device, without friction. By leveraging its own Duo Passwordless, the team was able to eliminate phishable multi-factor authentication factors, improve usability and productivity, reduce authentication actions by 93%, and secure its workforce from anywhere.

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How would a zonal pricing system actually work?

Octopus Energy

Lets get into the nuts and bolts of zonal pricing: how, exactly, would it save that money? Would it create a postcode lottery? How would a zonal pricing system actually work compared to now? How would the government implement it?

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Europe Increases Metal Imports from Russia Despite Sanctions

OilPrice

Via Metal Miner Over three years into its invasion of Ukraine, and despite the subsequent sanctions, Russian producers continue to generate significant revenues from exports. This is especially true of metals and minerals, including pig iron and semi-finished steel products, which Russia continues to supply to the European Union. Russian Pig Iron Imports Surged in January In 2024, for example, Russian exports exceeded 2.5 billion (approximately US $2.75 billion).

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5 Steps to Tackle Royalty Revenue & Non-Op Management Headaches—Without the Hassle

Enverus

Managing minerals and non-op interests should be straightforward; but for most, its far from that. The reality? Royalty and non-op management is drowning in inefficiencies. Address changes turn into endless paperwork. Revenue statements pile up in scattered formats. Reconciliation feels like a guessing game. And every month, you’re left wondering: Did we get paid correctly?

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Legacy Oil Producers May Define Next Chapter of Global Supply

OilPrice

Global oil markets are entering a pivotal phase as exploration-driven reserve replacement lags. With only a few bright spots like Namibia and Guyana, estimates suggest that just 2530% of the oil consumed each year is currently being offset by new discoveries. This growing shortfall, combined with forecasts that US shale production will peak in the 2030s, sets the stage for a tightening global supply outlook.

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EnerCom opens registration for the 30th annual EnerCom Denver – The Energy Investment Conference- August 17-20, 2025

Oil & Gas 360º

(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 A robust list of companies has confirmed their participation, and more are being added daily Sponsorship opportunities are available for companies seeking to

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Congress Just Sideswiped California’s EV Crusade

OilPrice

Californias 2035 gas car ban just got torched by the U.S. House, which voted 246164 on Thursday to kill the EPA waiver that let the Golden State set stricter tailpipe rules than the federal government. The decision doesnt just mess with Californiait upends the dozen other blue states that hitched their EV ambitions to Sacramentos regulatory wagon. Now the Senate will get a turn at the wheel, but its already swerving around a ruling from the Senate parliamentarian that says this repeal isnt even

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IMF slashes growth forecast for Middle East exporters as oil prices dip

Oil & Gas 360º

(Oil Price) –The International Monetary Fund (IMF) has downgraded its economic growth forecast for the oil exporters in the Middle East to 2.3% from 4% expected in October, due to the slide in oil prices. Across the region, rising trade tensions and policy uncertainty are adding to the impact of conflicts and extended oil production cuts to weaken growth prospects, the IMF said on Thursday in its Regional Economic Outlook for the Middle East and Central Asia.

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Europe’s Grid Buckles Under Its Own Future

OilPrice

Mondays massive power outage in Spain and Portugal, Europes worst blackout, triggered a lot of questions, concerns, and a blame game of who done it. On Monday midday, asudden massive outage hitthe electricity transmission systems of Spain and Portugal, and briefly parts of France, in a very rare blackout in Europe, whose causes are yet to be determined.

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Weekly Gas Storage: Inventories increase by 107 Bcf

Oil & Gas 360º

Natural Gas Inventories as of April 25, 2025 The EIA has released its natural gas inventory report, showing a net increase of 107 Bcf as of April 25, 2025. Working gas in storage was 2,041 Bcf as of Friday, April 25, 2025, according to EIA estimates. This represents a net increase of 107 Bcf from the previous week. Stocks were 435 Bcf less than last year at this time and 5 Bcf below the five-year average of 2,036 Bcf.

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Nationalized Gold Mine Output Dips in Kyrgyzstan

OilPrice

The nationalization of the Kumtor gold mine in Kyrgyzstan has not lived up to official billing, in terms of expanding the flow of revenue into state coffers and driving growth. Company figures show production has steadily fallen in recent years, and income for the state budget has declined. President Sadyr Japarovs administration took over management of the mine in 2021 from Centerra Gold, a Canadian firm, amid allegations of environmental hazards and mismanagement, as well as a dispute over pro

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Woodside, bp sign gas supply agreement for Louisiana LNG

Oil & Gas 360º

(World Oil) – Woodside has signed an agreement with bp for the integrated energy major to supply natural gas to the Louisiana LNG project. This agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project, enabled by the projects extensive interconnectivity to multiple producing basins and inter-connecting pipelines.

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OPEC Plot Twist? Bloomberg Survey Shows Production Drop in April

OilPrice

OPEC just pulled a plot twist. Instead of raising production as planned, the cartels April output dropped by 200,000 barrels per day (bpd) to 27.24 million bpd, according to a new Bloomberg survey published on Thursday. Half the decline came from Venezuela, where Chevron and other producers are winding down ahead of renewed U.S. sanctions. But the real head-scratcher?

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TC Energy’s quarterly profit misses on power segment weakness

Oil & Gas 360º

(BOE Report) – Canadian pipeline operator TC Energy on Thursday missed analysts estimates for first-quarter profit on weakness in its power and energy solutions business, while higher interest expenses offset gains in its natural gas operations. The companys U.S.-listed shares were down 4%. With energy demand growing across North America, demand for renewable and lower-emission electricity is also set to rise.

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Strong European Demand Pushes U.S. LNG Exports Up by 20%

OilPrice

U.S. LNG exports jumped by 20% between January and April from a year earlier as buying activity in Europe remained strong amid a cold winter and low gas inventory levels. U.S. LNG shipments hit a record high for the January-April period of 34.6 million metric tons, according to data from Kpler cited by Reuters columnist Gavin Maguire. For most of the past winter, European benchmark gas prices were higher than Asian spot LNG prices for delivery into north Asia, attracting more cargoes to European

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Secure the Network with Cisco AI Defense and Cisco U.

Cisco: Oil & Gas

AI skills are critical for any network engineer today. Heres how to get them for free. Cisco AI Defense is a powerful tool requiring AI skills that you can get from Cisco U.

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Tesla Board Denies CEO Replacement Search Reports

OilPrice

Tesla has denied reports that its board is seeking a replacement for chief executive Elon Musk, after a Wall Street Journal report claimed the company had began a search for its new chief executive, amid mounting concerns on his political entanglements. In a post early Thursday on X, the social media owned by Musk, Tesla chair Robyn Denholm dismissed the claims in the report that the company had contacted recruitment firms to initiate a CEO search as absolutely false.

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Headwater Exploration Inc. announces TSX approval of NCIB, first quarter financial results, operations update and declares quarterly dividend

BOE Report

CALGARY, AB, May 1, 2025 /CNW/ –Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial results for the threemonths ended March 31, 2025, NCIB approval and declaration of quarterly dividend.

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Fusion Project Completes World’s Most Powerful Magnet System

OilPrice

The International Thermonuclear Experimental Reactor (ITER), a multi-national endeavor to build a system to experiment with nuclear fusion, has just completed the final component of its pulsed superconducting electromagnet system, the worlds largest and most powerful, in a landmark moment for fusion research.

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Canada’s energy leaders send ‘urgent action plan’ to new federal government

BOE Report

38 oil and gas CEOs sign list of shared objectives, opportunities to work together ByDeborah Jaremko The CEOs of 38 of Canadas largest energy companies have a message for the new federal government: after all the discussion on the campaign trail about the need to flex Canadas role as a global energy superpower, the time [Read more]

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Tony Blair Says Efforts to Phase Out Fossil Fuels Are “Doomed to Fail”

OilPrice

The push to phase out fossil fuels in the short term is doomed to fail, former British Prime Minister Tony Blair said in a new report produced by his Tony Blair Institute for Global Change. The report argues that current efforts to arrest changes in the Earths climate have never stood a chance.

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Leadership traits versus the leadership process  

SmartBrief

Volumes have been written about leadership traits courage, confidence, empathy and integrity. These traits matter. But just as essential is the process leaders follow to challenge the status quo and drive meaningful change. A few years ago, I wrote the book, The Leadership Process. It highlights the four major steps that leaders take to make change happen.

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Lindsay Graham Pushes for More Russia Sanctions

OilPrice

Senator Lindsay Graham wants the U.S. to impose more sanctions on Russia and also punish its trade partners for doing business with it by imposing tariffs on those that buy Russian oil and gas. Graham told the Wall Street Journal in an interview that he had prepared a bill to that effect and that the bill had garnered support from more than 60 co-sponsors in Congress.

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ARC Resources Ltd. reports first quarter 2025 results

BOE Report

CALGARY, AB, May 1, 2025 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its first quarter 2025 financial and operational results.

Crude Oil 120
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S&P Downgrades Woodside Outlook to Negative After Louisiana LNG Go-Ahead

OilPrice

S&P Global Ratings has revised down its credit outlook on Woodside Energy after the Australian firm took the final investment decision on the $17.5 billion Louisiana LNG export project. The rating agency cut the outlook to negative from stable as the go-ahead to the project has limited Woodsides rating upside in the absence of a material sell-down of its offtake exposure.

Energy 143
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Bringing Quantum Resistance to Cisco MDS 9000 with TrustSec FC Link Encryption

Cisco: Oil & Gas

Cisco MDS 9000 switches deliver an unmatched security posture for storage area networks, including quantum-resistant encryption, and are differentiated by advanced ASIC design, superior hardware architecture, and sophisticated software control.

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Block shares plunge 17% on revenue miss

CNBC: Energy

Block reported weaker-than-expected revenue for the first quarter.

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Santander estrecha lazos con Yucatán a favor de modernización de Puerto Progreso  

Oil & Gas Magazine

Los proyectos estratgicos para Yucatn, como la modernizacin del Puerto de Progreso y la construccin del ramal del Tren Maya desde la Terminal Multimodal de Progreso hacia Umn superan los 37 mil millones de pesos de inversin El presidente y director general del Grupo Financiero Santander Mxico, Felipe Garca Ascencio junto con su equipo de trabajo sostuvieron una reunin con el gobernador de Yucatn, Joaqun Daz Mena con el objetivo de impulsar proyectos estratgicos en la entidad, entre los que se in

E&A 104
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Venmo gaining ground in payments as Cash App struggles

CNBC: Energy

Earnings from PayPal and Block revealed diverging paths in peer-to-peer payments, with Venmo accelerating and Cash App losing steam.

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Gran Tierra Energy Reports 8% Increase in Oil Sales, $19 Million Net Loss for Q1 2025

BOE Report

Gran Tierra Energy Inc. reported its first quarter 2025 results, highlighting a production increase to a record 46,647 barrels of oil equivalent per day (boepd), marking a 14% rise from the fourth quarter of 2024 and a 45% increase from the first quarter of 2024.

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Data center boom in world's largest market is not slowing down, Dominion Energy says

CNBC: Energy

Dominion has 40 gigawatts of data center capacity in various stages of contracting, the company's CFO, Steven Ridge, said.

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