Tue.Apr 22, 2025

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Drill, Baby, Drill. But for Water

OilPrice

A while ago, in a article about investment opportunities, we concluded that water was the new oil, the commodity that would provide one of the the best returns in the future. A bit hyperbolic, maybe? But there is another aspect of water relevant to resource industries, namely that its scarcity will inhibit or raise costs of resource development, including that of oil and gas.

Petroleum 331
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Regional Partners Insights on Downstream Technology Strategies at PRC Europe 2025

Oil & Gas 360º

( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Supported by Regional Partners Technip Energies, Sonatrach Raffineria Italiana S.r.l., Wood and Saras S.p.A., the event facilitates strategic discussions on reshaping the downstream sectors future.

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Will Magnesium Disrupt the Electric Vehicle Industry?

OilPrice

On an international scale, researchers have been hard at work making magnesium batteries a feasible replacement for lithium-ion batteries and hydrogen fuel cells, in a development that could upend the electric vehicles industry on a worldwide scale. Currently, the global EV fleet runs on lithium-ion batteries, but these fundamental building blocks of the decarbonization movement carry some critical drawbacks.

IT 307
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Country’s Largest Gas-Fired Plant Coming in SW Pa. Names New CEO

Marcellus Drilling News

In early April, MDN brought you the exciting news that THE largest gas-fired power plant in the country, along with a MASSIVE data center complex, will be built at a former coal-fired power plant site in Indiana County, PA (see Largest Gas-Fired Power Plant in the U.S. Coming in Western Pa.). The site will be.

Gas 163
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China's Rare Earth Export Halt Raises Trade War Tensions

OilPrice

Via Metal Miner China is once again weaponizing rare earths elements in the tariff war with the United States. According to media reports, China recently suspended the export of certain rare earth minerals, ostensibly while re-drafting the regulations covering such exports. MetalMiners weekly newsletter states that if the issue is not resolved soon, both the halt in rare earth exports and the trade war itself are bound to affect the production of a wide range of products across multiple sectors

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Celebrating Fossil Fuels on Worship the Earth Day – April 22, 2025

Marcellus Drilling News

Today is the annual day when environmental wackos demand fealty to Mother Earth. You WILL bow down and worship the creation (instead of the Creator) or risk being excommunicated from polite company. We thumb our noses at Earth Day worshipers and declare our love for the miracle of fossil energy on this Earth Day. We.

Energy 151
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Canada’s Seaborne Oil Exports Surged in March

OilPrice

A record number of oil cargos set off from Vancouver Port in March thanks to the expansion of the Trans Mountain pipeline, the Vancouver Sun reported, citing data showing that as many as 30 tankers loaded with crude left the port last month. This is up from an average of two per month before the Trans Mountain expansion and a high of 25 in the fall of 2024, after the expanded pipeline began operation in the spring of last year.

Oil 305

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Iran Boosts Natural Gas Production at Huge South Pars Field

OilPrice

Iran is boosting natural gas production from Phase 11 of the giant South Pars field after bringing online a key new well, Iranian media reported on Tuesday. The eighth well at South Pars 11 the 11th phase of development at the worlds largest natural gas discovery, which Iran shares with Qatar in the Persian Gulf will raise output from South Pars by 3 million cubic meters per day (mcm/d), Iranian state-run firm PetroPars said on Tuesday.

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Fueling America’s Energy Future This Earth Day

American Gas Association

News True Blue Blog Where energy conversations come to life. Each year, Earth Day inspires people across the country and around the globe to celebrate the incredible planet we call home and consider ways we can help improve its future. The natural gas industry plays a critical role in advancing a more efficient energy future, which is not only better for consumers but also better for the planet.

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Tesla Investors Brace for Messy Earnings Report

OilPrice

Tesla shares sank nearly six per cent on Easter Monday, leaving investors braced for what analysts have called a code red moment for Elon Musks firm ahead of its first quarter earnings announcement. The electric vehicle (EV) giant is facing mounting concerns over failing sales, geopolitical headwinds and evolving criticism of Musks political involvement, which analysts say is damaging brand perception in key global markets.

IT 294
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Canada’s pipeline builders ready to get to work

BOE Report

Leaders push to substantially revisit Impact Assessment Act ByDeborah Jaremko It was not a call he wanted to make. In October 2017, Kevin ODonnell, then chief financial officer of Nisku, Alta.-based Banister Pipelines, got final word that the $16-billion Energy East pipeline was cancelled.

Pipeline 139
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Turkey Eyes Oil & Gas Exploration In Bulgaria, Iraq And Libya

OilPrice

Turkey is currently in talks to explore for oil and gas in Bulgaria, with similar plans for exploration in Iraq and Libya, Turkish Energy Minister Alparslan Bayraktar has revealed. According to the minister, state-owned energy company Turkiye Petrolleri AO (TPAO) will sign an agreement with an unnamed foreign partner within the next month to conduct exploration in Bulgarias section of the Black Sea.

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It’s Time to Eliminate Biden’s “Green New Scam” ATM Machine

Marcellus Drilling News

The U.S. Department of Energys Loan Programs Office (LPO) was created to help advance clean-energy infrastructure and technologies that allegedly had the potential to be adequate energy resources but struggled to secure private investment. In reality, LPO is a taxpayer-backed ATM for unreliable energy technologies and infrastructure that cant compete without federal funding.

Energy 134
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LIVE: Oil Prices Up 3% on Shifting Geopolitical Landscape

OilPrice

Oil prices have experienced a slight increase, with Brent crude at $68 per barrel, largely driven by new U.S. sanctions targeting Iranian oil exports. While a surging U.S. equity market supports the recovery, lingering concerns about trade tensions and a reduced global economic outlook could hinder future oil demand. Russia has reduced its 2025 Brent forecast, and analysts caution that trade disputes may continue to negatively impact oil prices despite the recent rebound.

Oil 291
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Global EV Slowdown Prompts LG to Reconsider $8.45 Billion Indonesia Battery Project

EnergyTrend

Global EV Slowdown Prompts LG to Reconsider $8.45 Billion Indonesia Battery Project AccordingtoWechatOfficialAccount@qd-Lib,theLGGroupisreportedlyplanningtocancelaninvestmentexceedingRMB60billioninIndonesia.Theproject,agreeduponinlate.

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Saudi Arabia’s Crude Oil Exports Jumped by 500,000 Bpd in February

OilPrice

Saudi Arabias crude oil exports jumped by nearly 500,000 barrels per day (bpd) in February compared to January, the latest data from the Joint Organizations Data Initiative (JODI) showed on Tuesday. Crude exports from the worlds biggest crude exporter averaged 6.547 million bpd in February, up from 6.073 million bpd in January, according to the JODI database, which compiles self-reported figures from individual countries.

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Rethinking Growth: Sunwoda Cancels Significant Battery and Hardware Investments

EnergyTrend

Rethinking Growth: Sunwoda Cancels Significant Battery and Hardware Investments OnApril22nd,SunwodaElectronicCo.,Ltd.(hereinafterreferredtoas"Sunwoda")issuedanannouncementstatingtheterminationoftwoforeigninvestmentprojectstotaling.

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Oil Prices Rebound As Inventory Slips

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 4.565 million barrels in the week ending April 18. The API estimated a 2.4 million barrel build in the prior week. So far this year, crude oil inventories are still up more than 19 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 500,000 barrels t

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Enverus releases Investor Analytics: Refined, actionable financial insights at your fingertips

Enverus

AUSTIN, Texas (April 22, 2025) Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, announced today it has added Investor Analytics to its suite of offerings. This cutting-edge solution stemming from Enverus flagship AI tool, Instant Analyst , is designed to provide investors with a comprehensive view of key market dynamics.

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Trade War Threatens to Shut Down Chinese Plastics Factories

OilPrice

Previously we explained that the US-China trade war has been unique in that the US was hit fast and hard, mostly through capital markets and financial linkages, which travel instantaneously with acute consequences (the recent dump of US treasuries by China and subsequent purchases of the yuan and perhaps gold took effect in milliseconds, and prompted a cottage industry of narratives how the US dollar is losing its reserve currency status).

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Netherland, Sewell & Associates, Inc. (NSAI) to host its Oil & Gas Property Evaluation Seminar in Dallas, Texas May, 5-6, 2025

Oil & Gas 360º

(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. (NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar. This content-rich program is designed to give non-technical energy professionals such as bankers, investors, analysts, lawyers, accountants, and new oil and gas industry professionals a basic education detailing the information and data that goes into evaluating oil and gas ass

Gas 130
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Rare Earth Showdown Hits Tesla, Defense Firms Hardest

OilPrice

The global automotive industry could soon start reeling from one of Chinas boldest moves in the trade warrestricting exports of several rare earth metals that are critical to the auto manufacturing, energy, and defense industries. Earlier this month, China, which dominates the global rare earth and critical minerals supply chain, announced it would curb its exports of dysprosium, gadolinium, scandium, terbium, samarium, yttrium, and lutetium.

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Energy Market Assessment: Expectations and oil prices have bottomed with heading up to summer

Oil & Gas 360º

(Oil & Gas 360) – Expectations And Oil Prices Have Bottomed With Heading-UP-To-Summer And Much Needing To Be Done Increasing With The Tariff Strategy. Energy Market Assessment: Expectations and oil prices have bottomed with heading up to summer- oil and gas 360 The drop in the price of crude oil, from its Winter high to a Spring-Time low exaggerated by Tariff Fear has us conclude the drop has bottomed.

Crude Oil 130
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U.S. Court Approves Floor-Setting $3.7-Billion Bid for Citgo’s Parent

OilPrice

A judge in a Delaware court has approved a $3.7-billion bid by Red Tree Investments as the floor-setting offer in a court-mandated auction of the parent company of Venezuela-owned refiner Citgo. U.S. District Judge Leonard Stark decided that the offer from Red Tree Investments would be the starting bid in the auction which the Delaware court is holding for years to auction off assets of Venezuelas PDV Holding, the parent company of Citgo.

Oil 229
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US targets Iranian LPG magnate with sanctions, Treasury says

Oil & Gas 360º

(Investing) –WASHINGTON -The United States issued new sanctions on Tuesday targeting Iranian liquefied petroleum gas magnate Seyed Asadoollah Emamjomeh and his corporate network, the Treasury Department said, amid ongoing talks with Tehran on its nuclear program. Emamjomehs network is responsible for shipping hundreds of millions of dollars worth of Iranian LPG and crude oil to foreign markets, Treasury said in a statement.

Crude Oil 130
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IEA Warns of Unresolved Global Energy Security Threats

OilPrice

Global energy supply is still in danger of shocks, the International Energy Agencys chief has warned ahead of a political gathering to discuss energy matters in London. The lessons from Ukraine have not yet been fully understood, Fatih Birol said, as quoted by the Financial Times, noting the three golden rules for energy security. These include diversification of energy supply, political stability to motivate long-term energy investments, and global cooperation.

Energy 215
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Weatherford, AIQ partner to integrate AI-driven systems for oil and gas operators

Oil & Gas 360º

(World Oil) – Weatherford has signed a strategic Memorandum of Understanding (MOU) with AIQ, the Abu Dhabi-based artificial intelligence (AI) company developing innovative solutions for the energy sector. This partnership is set to bring transformative efficiency to energy production, leveraging advanced automation, data-driven insights, and the power of AI technology.

Operator 130
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IMF Lowers Saudi Growth Outlook Amid Economic Pressures

OilPrice

Saudi Arabias economy is set to grow by 3.0% this year, a rebound from meager 1.3% growth in 2024, but lower than a previous forecast of 3.3% GDP growth, the International Monetary Fund (IMF) said in its World Economic Outlook (WEO) Update on Tuesday. Saudi growth for 2026 was also revised down, by 0.4 percentage point to 3.7% in the April update. Overall, the IMF sees lower global economic growth now than it did three months ago, due to the U.S.

IT 201
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Kinder Morgan founder plays down the impact of tariffs on U.S. LNG

Oil & Gas 360º

(Oil Price) –Richard Kinder doesnt lose sleep over trade wars or chatbots. The billionaire co-founder of Kinder Morgan waved off the industry handwringing over U.S.-China LNG tariffs and the supposedly overhyped energy appetite of AI data centers. Our view is that any loss of the Chinese market will be more than offset by the efforts of governments in the EU and Asia to increase the imports of US LNG, he said on the companys recent Q1 earnings call.

BCF 130
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India’s Oil Imports From OPEC Hit Record Low as Russian Flows Soar

OilPrice

OPECs market share in India slumped to an all-time low of below 50% of Indias crude oil imports in the 2024-2025 fiscal year, as Russian oil flows to the worlds third-largest crude importer continued to rise and dent the share of the Middle Eastern producers. Indias imports of crude from Russia increased by 7.3% to an average of 1.76 million barrels per day (bpd) in the 2024-2025 fiscal year ending March 31, 2025, according to data obtained and compiled by Reuters.

Oil 200
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WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases

Marcellus Drilling News

The West Virginia Supreme Court was scheduled to hear two significant oil and gas royalty disputes during a morning session today. Both cases center on whether natural gas companies can deduct post-production costs from royalty payments and, if so, under what circumstances. The stakes are incredibly high for both landowners and drillers.

Royalty 126
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Kinder Morgan Founder Plays Down the Impact of Tariffs on U.S. LNG

OilPrice

Richard Kinder doesnt lose sleep over trade wars or chatbots. The billionaire co-founder of Kinder Morgan waved off the industry handwringing over U.S.-China LNG tariffs and the supposedly overhyped energy appetite of AI data centers. Our view is that any loss of the Chinese market will be more than offset by the efforts of governments in the EU and Asia to increase the imports of US LNG, he said on the companys recent Q1 earnings call.

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Learn Greenhouse Gas Accounting for IT with Cisco Networking Academy

Cisco: Oil & Gas

As the demand for green skills continues to rise, discover how to advance your IT career with essential greenhouse gas accounting skills through Cisco Networking Academy's free course.

IT 119
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Hammerfest LNG Hits the Snooze Button Again—This Time on Purpose

OilPrice

Europes largest LNG export terminal, Hammerfest LNGaka Melkoeya, aka The Drama Queen of the Barents Seais taking a little summer siesta. Equinor shut the plant down Tuesday for its annual maintenance ritual, which started at 04:00 GMT and is expected to last until July 10. This time, at least, its planned. No fires, no gas leaks, no compressor tantrumsjust good old-fashioned upkeep.

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Celebrating Earth Day Through Conservation and Community

Energy Transfer

Earth Day, celebrated annually on April 22, is a global call to action for protecting the planet and its species. Since its inception in 1970, it has grown into a vital movement uniting individuals, organizations and governments worldwide in addressing environmental challenges. Energy Transfer is proud to engage in a wide range of programs dedicated to preserving ecosystems, promoting biodiversity and supporting green spaces.

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European Natural Gas Prices Drop as LNG Flows Stay Above Average

OilPrice

Europes benchmark natural gas prices fell by 2.5% on Tuesday after a four-day-long Easter holiday weekend as arrivals of LNG cargoes remain slightly above the seasonal average, easing concerns about gas storage refill in the spring and summer. Dutch TTF Natural Gas Futures, the benchmark for Europes gas trading, fell by 2.5% at $49.97 (34.78 euros) per megawatt-hour (MWh) as of 11:28 a.m. in Amsterdam on Tuesday.

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Devon Energy gains on plans to boost free cash flow by $1 billion

BOE Report

** Shares of oil and gas producer Devon Energy rise 3.7% to $30.

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