Sat.Apr 12, 2025

article thumbnail

Turkey, Pakistan To Explore World’s Fourth Largest Oil & Gas Reservoir

OilPrice

Newly discovered offshore oil and gas deposits in Pakistans territorial seas could be brought to surface by Pakistan and Turkey. The two countries this week signed an agreement at the 2025 Pakistan Minerals Investment Forum in Islamabad to jointly bid on 40 offshore blocks. A bidding round for the granting of exploration licenses for the blocks, located in the Makran and Indus basins, was announced by the Pakistan government in February.

Gas 359
article thumbnail

Apple, Google, Cash App alums ditch Big Tech to build on bitcoin, fueled by VC money and friendly White House

CNBC: Energy

In Austin, Apple, Google, and Cash App alums ditch big paychecks for bitcoin, backed by VCs, crypto friendly policy and belief that this time, it is different.

IT 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Energy Crisis Grips Samoa

OilPrice

The South Pacific Island of Samoa has been facing an energy crisis as it plunged into darkness this month. Samoa continues to be highly dependent on fossil fuel imports to meet most of its energy needs, including power generation. Much of its power infrastructure is susceptible to severe weather and other challenges, which puts the country at risk of blackouts during cyclones.

Energy 243
article thumbnail

South Bow plans to restart Keystone at reduced rates by Tuesday

BOE Report

South Bow plans to restart the Keystone pipeline by Tuesday, April 15, the company said on Saturday, after it shut the key conduit for the flow of Canadian oil to the U.S. due to an oil spill in North Dakota. South Bow still needs written approval from the U.S.

Pipeline 124
article thumbnail

Oil and Gas Industry Navigates Emission Reduction Challenges

OilPrice

Decarbonization in the oil and gas sector has long been a pressing and highly debated topic among stakeholders. With 2025 being a milestone year for emissions targets, the question remains: will it mark a period of downward revisions, a continuation of the current trajectory, or a moment for companies to intensify their efforts? The direction and scale of change will ultimately determine whether these companies can achieve their intermediate emission targets and make meaningful progress towards

Gas 229
article thumbnail

Canada’s South Bow cuts crude trading team, focuses on contracted pipeline volumes, sources say

BOE Report

Calgary-based pipeline company South Bow has cut the size of its crude trading team as it seeks to boost the volume of oil sold on contract through its pipeline systems and reduce how much crude it trades, three people told Reuters this week.

Pipeline 108
article thumbnail

Asia-Pacific Climate Change Impact Assessed in UN Economic Survey

OilPrice

Compared to nations in the rest of the Asia-Pacific region, the impact of climate change is moderate so far for the countries of the South Caucasus, according to an expansive study published by the United Nations measuring the impact of global warming on economic development. The UN report, titled Economic and Social Survey of Asia and the Pacific 2025: Understanding the Macroeconomic Implications of Climate Change, sheds light on the macroeconomic and climate change nexus that will shape econom

147
147

More Trending

article thumbnail

West Texas Oil Company Directory

Oil Gas Leads

The West Texas Oil Companies Directory is a compiled directory of oil & gas companies operating in the West Texas, one of the most prolific oil and gas-producing regions in the United States. Purchase Complete Directory – Only $10.00 Download Now Here is a summary of the information included in the list. Account Name Name of the company or entity.

Oil 52
article thumbnail

The State of Energy Innovation | IEA

Energy Central

The State of Energy Innovation | IEA Patent activity in low-emission hydrogen technologies continues to grow, particularly in China, Europe, and the United States – reflecting strong innovation momentum in electrolysis, storage, and hydrogen-based fuels. hydrogen-related projects highlighted in the report: HyNet (United Kingdom) – Developing a full-scale hydrogen.

Energy 52
article thumbnail

The Rise of Multi-Well Stimulation: How Operators Like Chevron Are Rewriting Completion Playbooks

Oil Gas Leads

As unconventional oil and gas development matures, operators continue to push the envelope in completion design and execution. One of the most notable trends in recent years has been the acceleration of multi-well stimulation strategies techniques where multiple wells are fractured simultaneously. From DualFrac to QuadFrac , what began as isolated pilots has now become an industry-wide shift toward efficiency, consistency, and scale.

article thumbnail

Shipping companies to pay for carbon dioxide produced by vessels

Energy Central

Shipping companies to pay for carbon dioxide produced by vessels Vessels will be subject to a charge on their greenhouse gas emissions, increasing after a certain threshold, and will also be able to trade carbon credits with one another. This is intended to encourage them to adapt their ships to use low-CO2 fuels and to operate more efficiently, for instance by slowing down.

article thumbnail

Spotlight on Drilling Activity: Q1 2025 Trends by Top 5 Drilling Contractors in the Permian

Oil Gas Leads

The first quarter of 2025 delivered some telling insights into the direction of U.S. drilling activity, revealing not only who the top players are but also how much market share theyre capturing. In this blog, we explore: The Top 5 Drilling Providers by wells drilled A Quarter-over-Quarter Comparison against Q4 2024 The Top 10 Operators and the percentage of their wells drilled by these leading providers A look at unique rig usage trends Top 5 Drilling Providers in 2025Q1 bt Wells Drilled Helmer

article thumbnail

Trump Tariffs Could Hit the Battery Storage Sector Hard

OilPrice

The United States utility-scale battery storage sector has been projected to grow dramatically in 2025, as renewable energy companies look for ways to make their clean energy operations more stable and reliable. However, the recent introduction of tariffs on countries worldwide by the Trump administration, with particularly high tariffs on China, is expected to have a knock-on effect on the energy sector.

Utilities 294
article thumbnail

Iran, US hold ‘positive’ talks in Oman, agree to resume next week

BOE Report

Iran and the U.S. held “positive” and “constructive” talks in Oman on Saturday and agreed to reconvene next week, both sides said, a dialogue meant to address Tehran’s escalating nuclear programme with President Donald Trump threatening military action if there is no deal.

52