Thu.Apr 17, 2025

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China Rejects Russia's Eastern Pipeline Plan

OilPrice

China has put an abrupt stop to a Russian proposal to export added volumes of natural gas eastward via Kazakhstan, deepening the financial woes of the erstwhile Russian energy behemoth, Gazprom. The Russian state-controlled entity, once a critical foreign policy instrument of the Kremlin, has been forced to abandon projects in Central Asia and Latin America recently due to a lack of fiscal muscle.

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OH Supreme Court Case Allows Surface Owners to Keep Mineral Rights

Marcellus Drilling News

Yesterday, the Ohio Supreme Court issued a ruling dismissing a case that leaves in place a ruling from the Seventh District Court of Appeals. The case, Darrell Crozier et al. v. Pipe Creek Conservancy LLC et al., involves a decision on who owns the oil and gas rights underlying a property in rural Belmont County.

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U.S. Refining Giant Valero to Shut California Refinery

OilPrice

Valero Energy plans to idle, restructure, or cease refining operations at its Benicia Refinery in California by the end of April 2026, as one of the biggest U.S. refiners continues to evaluate strategic alternatives for its operations in California. In connection with the evaluation of these strategic alternatives, Valero took a combined pre-tax impairment charge of $1.1 billion for its California operations.

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Surging Interest in Building Data Centers in PA; 6 Announced So Far

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.

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DOGE Hands US DOE The Budget Axe To Slash $10B in Clean Projects

OilPrice

If Big Oil was starting to feel good about its government-sponsored climate-era glow-up, they may be in for a rude awakening, with the U.S. Energy Department reportedly preparing to pull the plug on nearly $10 billion in clean-energy funding, according to new memos seen by the Wall Street Journal. The DOEs move could put everything from hydrogen hubs to carbon capture collaborations in the crosshairsyes, even those buzzy projects with ExxonMobil and Occidental.

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Energy’s Hidden Data Gold Mine: How AI Finally Cracks the Code

Enverus

The energy sector has always been complex. From the volatility of oil and gas markets to the technical challenges of extracting resources from remote locations, energy professionals have long navigated a multifaceted landscape. But today, there is a new perfect storm of complexity as the world hurtles forward with the adoption of artificial intelligence and the need for global energy transition intensifies.

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Europe’s Energy Transition Stutters, Again

OilPrice

Europe has been at the forefront of global efforts at an energy transition as it prioritized the reduction in carbon dioxide emissions over any other policy priorities. It has had some marked success, toothe EU, which covers most of Europe, saw its emissions dip by 2.9% last year. This year, however, the trend has reversed. Emissions are up. And theres transition trouble on the way.

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Rig Count Stabilizes Amid Oil Price Recovery

OilPrice

The total number of active drilling rigs for oil and gas in the United States rose this week following the recent price slide, according to new data that Baker Hughes published on Thursday, following a large 7-rig dip in the prior week. The total rig count in the US rose by 2 to 585 rigs, according to Baker Hughes, down 34 from this same time last year.

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36 New Shale Well Permits Issued for PA-OH-WV Apr 7 – 13

Marcellus Drilling News

Last week was an interesting week for new permits issued to drill new shale wells in the Marcellus/Utica. For the week of Apr 7 – 13, the number of permits issued soared, up 15 from the previous week. Last week, 36 new permits were issued. The surprising thing is just how few of those new.

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Guerillas Blow Up Oil Pipeline in Colombia

OilPrice

The Bicentenario crude oil pipeline in Colombia has been shut down following an explosion that state oil company Ecopetrol said was caused by a guerrilla attack. Per a Reuters report citing the company, the Bicentenario pipeline was hit by the National Liberation Army. Reuters notes the NLA is the largest guerrilla organization in Colombia and is considered a terrorist group by the United States and the European Union.

Pipeline 321
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KM Pipes Update: Expand Elba to SC; SSE4 Survey Work Done

Marcellus Drilling News

We have some exciting news to share from Kinder Morgan. As part of the company’s quarterly update, KM provided details about eight pipeline projects that are currently being planned or built. Four of the eight will flow Marcellus/Utica molecules. One of the four is brand new: A new greenfield expansion of the Elba Express pipeline.

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Breakthrough Technology Extracts Hydrogen from Natural Gas Wells

OilPrice

Many thought that green hydrogen would be a silver bullet for decarbonization, particularly in hard-to-abate industries. But the green hydrogen revolution has not yet materialized as the fuels production remains expensive and economically inefficient. But a new breakthrough in hydrogen harvesting could put the sector back on track for major industry disruption.

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Shakeup at Rice-Backed Net Power; President and CFO Both Out

Marcellus Drilling News

Net Power, backed by the Rice brothers (of Rice Energy and EQT fame), is on a mission to develop and deploy revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see Dan Rice Buys Co. that Builds Zero-Carbon Gas-Fired Electric Plants). In March, MDN brought you Net Power’s.

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BP Loads First LNG Export Cargo From Senegal-Mauritania Project

OilPrice

BP said on Thursday it had safely loaded the first LNG cargo for export from Phase 1 of its Greater Tortue Ahmeyim project offshore Mauritania and Senegal as the UK supermajor continues to bring major projects on stream. First gas from the project was announced early this year. Now, the export of the first loaded LNG cargo from the project offshore West Africa will make Mauritania and Senegal LNG-exporting nations, contributing to global LNG supply.

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Oil price, Southern, Kosmos. And finally…

Malcolm Graham Wood

Oil is continuing to rise, Iran is the problem right now. Today Southern detail the warrants and Kosmos goes ahead at GTA which is excellent news. The post Oil price, Southern, Kosmos. And finally… appeared first on Malcy's Blog.

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Could Shell or Chevron Make a Move on BP?

OilPrice

For years, BP has been tipped as a potential target of the next mega-merger deal in the oil industry. Speculation about a blockbuster acquisition involving BP resurfaced again this year after activist hedge fund Elliott bought nearly 5% in the UK-based supermajor and demanded changes, big and fast. BPs shares have underperformed the stocks of the other four of the Big Oil group Shell, TotalEnergies, ExxonMobil, and Chevron ever since 2020.

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Data Center Demand Response | Participate, Power, Profit

Enverus

Network infrastructure expansion will lag load growth, driven primarily by the rapid expansion of data centers to support artificial intelligence. Data hub developers are looking to gain a first-to-market advantage and are eager to find ways to connect to the grid as soon as possible. Demand response (DR) a voluntary reduction in power consumption during peak hours is one method to ensure that new loads can be integrated into grids despite current capacity constraints.

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Soaring U.S. Power Demand Will Need All Energy Sources

OilPrice

AI data centers and the reshoring of some manufacturing will drive U.S. electricity demand growth over the coming decade. The worlds biggest economy will need all energy sources to ensure power demand is met. Natural gas is the biggest near-term winner of AI advancements, but renewables will also play a key role in powering the data centers of next-generation computing, analysts say.

Energy 310
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ReconAfrica announces agreement for joint exploration project in Angola adding 5.2 million acres and significant resource potential along the Damara Fold belt and Rift Basin plays

Oil & Gas 360º

(Oil & Gas 360) –April 17, 2025, Calgary, Alberta, Canada Reconnaissance Energy Africa Ltd. (the Company or ReconAfrica) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agncia Nacional de Petrleo, Gs e Biocombustveis or National Oil, Gas and Biofuels Agency (ANPG).

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Motiva Restarts Unit at Port Arthur Refinery after Lengthy Overhaul

OilPrice

Motiva Enterprises has finally restarted a gasoline-producing unit at its huge Port Arthur refinery in Texas, following several attempts at a restart in recent weeks after an overhaul. Motiva Enterprises, the owner of the second biggest refinery in the United States, has restarted operations at the gasoline-producing fluidic catalytic cracker (FCC) at Port Arthur, sources with knowledge of the plants operations told Reuters this week.

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A Guide to Leveraging AI to Navigate the Oil and Gas Market for Small and Mid-Sized Operators

Enverus

The need to identify and secure quality acreage is more critical than ever for operators, from traditional family businesses to private equity-backed firms and public companies. The market is valuing and rewarding operators who are making the right moves to manage their inventory and remain capital efficient. This is a fine balance for producers to walk, and leveraging advancements in AI technology will be crucial to optimizing operations and maximizing profitability.

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Rare Earth Dominance Puts China in Powerful Geopolitical Position

OilPrice

Their names are difficult to pronounce, they're essential for modern manufacturing, and they're increasingly at the center of the escalating trade war between the United States and China. The global supply of these rare earths -- an essential group of 17 elements that find themselves in everything from electric vehicle batteries to vital defense technology -- are also mostly controlled by China.

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Hillcrest Energy Technologies Selects Dr. Emanuel Serban to Advance Grid Solutions at Vancouver Center of Excellence

Oil & Gas 360º

Vancouver, British Columbia–(Newsfile Corp.

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Czech Republic Ends 60-Year Dependence on Russian Oil

OilPrice

The Czech Republic has ended its 60-year-long dependence on Russian oil supply after capacity upgrades on a pipeline from the west. For the first time ever, the Czech Republic is now independent from Russian oil pipeline deliveries via the Druzhba pipeline. The Druzhba pipeline carries Russian crude to Central Europe.

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DiagnaMed Announces Closing of LIFE Offering

Oil & Gas 360º

Toronto, Ontario–(Newsfile Corp. – April 14, 2025) – DiagnaMed Holdings Corp.

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Asia Offers to Buy More U.S. Energy to Avoid Steep Tariffs

OilPrice

Most Asian countries are racing to pledge increased imports of U.S. energy to avoid the high tariffs slapped on them in early April. Delegations from many Asian countries are heading to Washington D.C. these days to discuss the U.S. tariffs, now suspended for 90 days, which are the highest for economies in Asia and Southeast Asia. Thailand is looking to import higher volumes of American energy as a way to convince the U.S.

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Best Bark Mulch Announces Official Launch: Bringing Premium Mulch Delivery and Installation Services to Waukesha and Milwaukee County

Oil & Gas 360º

Pewaukee, Wisconsin–(Newsfile Corp.

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Paris Hosts Critical Talks on Russia-Ukraine War

OilPrice

High-level officials from key European countries, the United States, and Ukraine are gathering in Paris, days after the latest direct talks between Washington and Moscow that are aimed at ending the war between Russia and Ukraine, Europe's biggest conflict since the end of World War II. The talks are a first chance for face-to-face meetings between senior European and Ukrainian leaders and US Special Envoy Steve Witkoff since his latest meeting with Russian President Vladimir Putin last week.

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Graphano Announces Second Extension of Warrant Expiry Date

Oil & Gas 360º

Vancouver, British Columbia–(Newsfile Corp. – April 11, 2025) – Graphano Energy Ltd.

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India's Largest Port Operator To Acquire Major Export Terminal in Australia

OilPrice

Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest private port operator, has announced a $2.4-billion non-cash deal to acquire the North Queensland Export Terminal (NQXT) in Australia, as Adani seeks to jumpstart its global expansion plans. Adani ports CEO Ashwani Gupta described as pivotal the transaction, which involves the issuance of 14.38 crore equity shares to Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL), a related entity controlled by the Adani family.

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Groundbreaking Study on Omega-3 DHA Enriched Foods to Enhance Public Health in Saudi Arabia

Oil & Gas 360º

Groundbreaking Study on Omega-3 DHA Enriched Foods to Enhance Public Health in Saudi Arabia …

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New U.S. Sanctions Lift Oil Prices to a Weekly Gain

OilPrice

Crude oil prices were set for a weekly gain earlier today, following the news that the U.S. federal government has slapped new sanctions on Chinese companies involved in oil trading with Iran. This week ends a day earlier for commodity traders, ahead of Good Friday and the Easter Holidays. At the time of writing, Brent crude was changing hands for $66.41 per barrel and West Texas Intermediate was trading at $63.19 per barrel, both up from opening.

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Argo Acquires Gold and Silver Mineral Claims in Saskatchewan

Oil & Gas 360º

Toronto, Ontario–(Newsfile Corp. – April 11, 2025) – Argo Gold Inc.

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Middle East Eyes Clean Energy Trade, But Markets Lag Behind

OilPrice

The energy transition through the perspective of the power sector came into view last week at the annual Middle East Energy conference and exhibition in Dubai. What appeared was a region ready to think about leveraging its growing array of renewable energy resources to maintain its role as a leading energy exporter. Exports of power from the Gulfs thriving renewables sector, to countries needing more clean power to meet climate goals, could become an important driver of the regions economic grow

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PrePad Secures US$2.8 Million Seed Funding and Establishes New Market Category for Drilling and Completions Software

Oil & Gas 360º

Calgary, Alberta and Houston, Texas–(Newsfile Corp.

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EIA Annual Energy Outlook: Oil & NatGas Demand Peaks in 2027/2032

Marcellus Drilling News

Et tu, Brute? We’ve poked fun at “peak oil” and “peak gas” quacks for years (over a decade). People like Art Berman who pronounce, on a regular basis, that we’ve finally hit peak oil (or gas) production and/or demand, and that from here on out, fossil fuels will decline. They’re wrong every single time. Yet.

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Canter Resources Provides Corporate Updates and Comments on Potential Impact of Tariffs on Lithium and Boron Markets

Oil & Gas 360º

Vancouver, British Columbia–(Newsfile Corp. – April 10, 2025) – Canter Resources Corp.

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