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The Department of the Interior has announced that the U.S. Geological Survey (USGS) has discovered large oil and gas deposits in the Mowry Composite Total Petroleum System that spans parts of Wyoming, Colorado and Utah. The report estimates large hydrocarbon resources, including 473 million barrels of oil and 27 trillion cubic feet (tcf) of natural gas.
Multiple Measures Taken as Polysilicon Market Poised for Recovery FromJanuarytoApril2025,newlyinstalledsolarpowercapacityreached104.93GW,with45.22GWaddedinAprilaloneessentiallythehighestmonthlylevelofPVinstallations.
This week, media reports said OPEC+ could announce yet another bigger than initially planned production hike at its next meeting. On the face of it, the goal is getting quota laggards Iraq and Kazakhstan in line. The other goal, according to a new Reuters report, is to try and kill U.S. shale, again. The oil-producing club took U.S. shale on about a decade ago, turning the taps all the way and flooding the market with oil.
Two Leading Enterprises Sign Strategic Cooperation Agreement on Lithium Metal Anode Materials for Solid State Batteries OntheeveningofMay22,TiantieTechnologyannouncedthattheCompanysignedaStrategicCooperationFrameworkAgreementwithShenzhenInxTechnologyCo.,Ltd.(hereinafter.
This week, media reports said OPEC+ could announce yet another bigger than initially planned production hike at its next meeting. On the face of it, the goal is getting quota laggards Iraq and Kazakhstan in line. The other goal, according to a new Reuters report, is to try and kill U.S. shale, again. The oil-producing club took U.S. shale on about a decade ago, turning the taps all the way and flooding the market with oil.
With Emerson Exchange 2025 - the thought leadership event of global engineering services, industrial automation and technology giant Emerson - drawing to a close on May 22, the Oilholic enjoyed a fascinating and engaging week out in San Antonio, Texas, US. An action-packed week included insightful 1-on-1 discussions, panel chats, a product launch and wider interactions on the global energy and industry mix, and, where it is heading to with the "plant or factory of the future.
The production of lithium-ion batteries used to power electric vehicles (EVs) requires vast quantities of critical minerals, including graphite, lithium, cobalt, copper, phosphorous, manganese, and nickel. There is a finite supply of these minerals, and, with the global demand growing, automakers must use EV batteries to their full potential. Simply disposing of the batteries once they run out of juice could mean throwing away huge amounts of critical minerals every year, when they could be put
Japan may offer financial and technical contributions ranging from investment in an Alaskan LNG pipeline project to shipbuilding expertise as it seeks to smooth the path toward a tariff deal with the US by mid-June.
Japan may offer financial and technical contributions ranging from investment in an Alaskan LNG pipeline project to shipbuilding expertise as it seeks to smooth the path toward a tariff deal with the US by mid-June.
Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron’s $53 billion deal to buy Hess and with it a prized stake in Guyana’s prolific oilfields.
Asia’s imports of liquefied natural gas stagnated in May while Europe’s continued to ease as demand in both of the world’s top-importing regions entered the seasonal slump between winter and summer peaks. Imports of the super-chilled fuel to Asia are on track to reach 22.53 million metric tons in May, up from 21.
Europa will pay an amount equating to 4.5 percent of gross revenues from oil production at the Wressle-1 well to the investor in consideration for $500,000.
The 44 producers listed will help the 27-member bloc reach 50 million metric tons of capacity for annual CO2 injection into geological storage sites by 2030.
Crude oil prices began trade with a gain this week following the news that President Donald Trump had extended the deadline for a trade deal with the European Union to early July. The extension was granted to Brussels after Commission president Ursula con der Leyen said the EU needed more time to draft a deal and after Trump said hed slap 50% tariffs on EU imports beginning next month because the EU deal was so slow in coming.
Oil prices gained on Monday after U.S. President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about U.S. tariffs on the bloc that could hurt the global economy and fuel demand. Brent crude futures rose 26 cents, or 0.4%, to $65.04 a barrel by 0433 GMT while U.S.
Successive US administrations have long lobbied European allies to shoulder their fair burden for joint defense, but US President Donald Trump has taken a more bottom-line driven approach to NATO, publicly questioning why the United States should pay for the defense of rich European nations. And that tough rhetoric has shaken Europe out of its decades-long national security slumber, according to Russian-American scholar Leon Aron.
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