Wed.May 14, 2025

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Tech Breakthrough Could Upend the $650 Billion Plastics Market

OilPrice

For decades, recycling plastic has been a losing game too slow, too expensive, and too limited in scope. Most methods rely on high-heat extrusion and mechanical separation, degrading the material each cycle until its useless. The result? Over 90% of global plastic waste still ends up in landfills or incinerators, despite widespread collection efforts and consumer demand for sustainability.That cycle may have just ended.

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Infinity Natural Resources Adds Second Rig to Drill in PA Marcellus

Marcellus Drilling News

Infinity Natural Resources (INR), headquartered in Morgantown, WV, focuses 100% on the Marcellus/Utica. The company went public earlier this year with a $265 million ($20/share) initial public offering, giving INR a $1.18 billion market capitalization (see INR IPO Does Better than Expected, Stock Trading Pops 10% Higher). INR issued its second public quarterly update yesterday.

IT 273
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OPEC+ Production Fell in April Despite Pledge to Start Hiking Output

OilPrice

All the countries in the OPEC+ pact saw their combined crude oil production drop by 106,000 barrels per day (bpd) in April compared to March, despite the pledge of the eight OPEC+ producers who are withholding supply to begin easing their cuts. OPEC+ producers Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman have decided to begin raising production in April, for the first time since 2022.

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Truck Hauling Frack Wastewater Overturns in Tioga County, PA

Marcellus Drilling News

On Monday, a tanker truck carrying fracking wastewater rolled 100 feet down an embankment in Tioga County, Pennsylvania, spilling about 2,000 gallons of flowback (brine) into a nearby stream. According to the Pennsylvania Department of Environmental Protection, the truck left the road and flipped onto its side into a small stream. About half of its.

IT 270
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OPEC+ Gives Up Trying To Boost Prices. What’s Next?

OilPrice

For over two years, OPEC and its partners from Central Asia, led by Russia, tried to push oil prices higher by withholding oil supply. Some did it more successfully than others. Saudi Arabia especially excelled at curbing supplyto no avail. Factors outside OPEC+s control caused prices to slide lower and stay lower. And OPEC+ has now come to terms with this, it seems.

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ArcLight Capital Becomes Majority Owner of NGPL, KM Still Operator

Marcellus Drilling News

Investment firm ArcLight Capital Partners, LLC, announced it has acquired an additional 25% interest in Natural Gas Pipeline Company of America (NGPL). As a result of the transaction, ArcLight will become the largest owner of NGPL with a 62.5% economic ownership interest, alongside partner Kinder Morgan, Inc., which continues to own a 37.5% economic interest.

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Indian Coal Imports Dip as Domestic Output Rises

OilPrice

Indias coal imports fell by 9.2% in the period April 2024 - February 2025 from a year earlier as domestic production rose by more than 5%, data from the Indian Ministry of Coal showed on Wednesday. Imports of all types of coal fell to 220.3 million tons in the 11 months to February 2025the first 11 months of the Indian fiscal year ending March 2025.

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EIA Confirms Surprise Oil Inventory Build

OilPrice

Crude oil inventories in the United States saw an increase of 4 million barrels during the week ending May 9, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a surprise build in US crude oil inventories of 4.287 million barrels in U.S. crude oil inventories with draws in gasoline

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Pennsylvania Supreme Court Hears Oral Arguments re RGGI Carbon Tax

Marcellus Drilling News

Yesterday, the seven members of the Pennsylvania Supreme Court (five Democrats and two Republicans) heard oral arguments in a lawsuit that attempts to force PA to accept the Regional Greenhouse Gas Initiative (RGGI), an obscene carbon tax on coal- and gas-fired power plants. Former Democrat Governor Tom Wolf tried to force the state to join.

Gas 237
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US Military Leaders Warn of Multi-Front Confrontations

OilPrice

US military leaders are increasingly concerned that the United States faces the prospect of global flashpoints turning into prolonged, multi-front confrontations stoked by the United States' main adversaries -- Russia, China, Iran, and North Korea.

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Supply crunch could send California’s gas prices past $8

Oil & Gas 360º

(Oil Price) –On the heels of my recent article outlining how Californias unique fuel regulations not corporate price gouging are driving up gasoline prices in the state, new developments have added urgency to that conversation. On May 6, California Senate Minority Leader Brian W. Jones (R-San Diego) sent a letter to Governor Gavin Newsom sounding the alarm over what could become an energy and economic crisis in the state.

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Ethiopia Secures $1.6 Billion Energy and Minerals Deals

OilPrice

Ethiopia secured more than $1.6 billion worth of investment deals most of these with Chinese firms in its energy and minerals sectors at the end of the Invest in Ethiopia High-Level Business Forum 2025, the Ministry of Finance of the East African country said in a statement. Ethiopia is currently looking to enact reforms and boost its economy via private-led growth, including by attracting investments in its natural resources.

Energy 295
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Simplify and Scale Security With Cisco Hybrid Mesh Firewall

Cisco: Oil & Gas

Modern enterprises face challenges balancing security with the operational needs. Cisco solves this with Cisco Hybrid Mesh Firewall.

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Libyan Oil Logistics Disrupted as Tripoli Clashes Resume

OilPrice

Libya's oil sector faces renewed disruptions following the resumption of intense fighting in Tripoli, just hours after a ceasefire was declared by officials. The Sirte Oil Company, a key state-run energy operator, announced the suspension of all land-based fuel and material transport due to escalating security concerns in western Libya, Devidiscourse News reported on Wednesday.

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Speed through records with Enverus Instant Analyst™ – Courthouse

Enverus

AUSTIN, Texas (May 14, 2025) Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, announced today it has added Instant Analyst capabilities to its Courthouse product. With Instant Analyst – Courthouse , the first AI-powered solution designed for title researchers to tackle the increasing complexity of courthouse documents, Enverus customers can now obtain accurate summaries and critical details by analyzing and condensing information f

Energy 189
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ADNOC’s XRG Takes Stake in Offshore Gas Block in Turkmenistan

OilPrice

XRG, the newly created energy investment firm of Abu Dhabis national oil company ADNOC, has taken a 38% stake in a production sharing contract for an offshore block of gas and condensate fields in Turkmenistan. XRG, Malaysias state energy firm Petronas, and Turkmenistans state firm Hazarnebit have signed a new Production Sharing Contract (PSC) with state company Turkmennebit for the offshore Block I gas and condensate fields.

Offshore 292
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Commonwealth LNG Signs Deal to Sell 2 MTPA to Glencore

Marcellus Drilling News

Commonwealth LNG has finalized a binding agreement with Glencore LTD, one of the world’s largest globally diversified natural resource companies, to form a strategic LNG partnership. Under the terms of the agreement, Glencore will purchase 2 million tonnes per annum (MTPA) of LNG for 20 years from Commonwealth. Yes, there is a key link between.

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Denmark Reconsiders Nuclear Power Ban After Four Decades

OilPrice

Denmarks government has started weighing the opportunities and risks of lifting a 40-year-old ban on the use of nuclear energy, Minister of Climate and Energy Lars Aagaard said on Wednesday. Denmark banned the use of nuclear energy in 1985, after the Parliament voted to remove nuclear power from the countrys energy planning. The ban from March 1985 was enacted a year before the Chernobyl disaster of 1986.

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Fueling Prosperity: How Small Businesses Rely on Natural Gas 

American Gas Association

News True Blue Blog Where energy conversations come to life. Happy Small Business Month! There are approximately 33.2 million small businesses in America, collectively employing 61.7 million Americans, or 46.4% of the workforce. Nearly every single business in the U.S. is a small businessthat’s right, more than 99.9% of American businesses are small businesses.

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China Snubs U.S. Energy in Trade Pause

OilPrice

Despite the trade talks breakthrough the United States and China announced earlier this week, Chinese imports of U.S. energy will remain at near zero levels, at least over the summer, while the worlds two biggest economies are negotiating a possible trade deal. The U.S. and China on Monday announced a 90-day de-escalation in the trade war, slashing their respective 100%-plus tariffs on each others products.

Energy 289
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FERC Grants Request to Extend Lake Charles LNG Construction by 3 Yrs

Marcellus Drilling News

Energy Transfers (ET) Lake Charles LNG project is in the news again. In April, we told you that ET had landed a new partner to help pay for the project, MidOcean Energy, which will cover 30% of the cost of building the plant (see MidOcean Partners with Energy Transfer on Lake Charles LNG Exports). Not.

Energy 165
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Russia and Ukraine Prepare for Direct Peace Talks in Turkey

OilPrice

All of a sudden, Ukraine and Russia are preparing for what could be their first direct peace talks since the spring of 2022, when negotiations launched shortly after Moscow's full-scale invasion of its neighbor broke up. The path to the talks expected in Turkey on May 15 has been a short one. On May 7, US Vice President JD Vance said direct negotiations between Russia and Ukraine were the priority.

IT 278
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Microgrids With Hydrogen: Supporting Energy Systems for the 21st Century

POWER Magazine

Why microgrids with hydrogen for backup power will create significant benefits for consumers and utilities. The energy grid in the U.S., particularly in regions like California, Texas, and the Northeast, […] The post Microgrids With Hydrogen: Supporting Energy Systems for the 21st Century appeared first on POWER Magazine.

Energy 162
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UK Farmers Fear for Bioethanol Market Following US Trade Deal

OilPrice

Ministers and commentators heralded the UKs trade deal with the United States as a political coup that will save thousands of jobs at British automakers. But changes to beef and bioethanol trade rules have left an already bruised agricultural sector fearing the worst, writes Ali Lyon. When hes not slavishly editing clips for the hundreds of thousands of people that subscribe to his Youtube channel, Olly Harrison has the not insignificant job of running 1,500 acres of farmland.

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Oil price, Touchstone, Chariot, Southern, Corcel.

Malcolm Graham Wood

Oil has been quiet today after a mixed API stock report. Today Touchstone has results and Chariot are back at Anchois. Southern has started preparing to drill a DUC, the first of three and Corcel have done a great deal with Sintana. The post Oil price, Touchstone, Chariot, Southern, Corcel. appeared first on Malcy's Blog.

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OPEC Cuts Forecast of Oil Supply Growth From Rival Producers

OilPrice

Lower upstream spending amid falling oil prices is set to slow the growth in oil supply from producers outside the OPEC+ pact this year and next, OPEC said in its monthly report on Wednesday. Liquids supply from OPEC+s rivals including the United States is set to increase by 800,000 barrels per day (bpd) in 2025, down by 100,000 bpd compared to OPECs assessment of 900,000-bpd growth last month.

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Speaking and moderating at Emerson Exchange 2025

Oilholics Synonymous Report

Delighted to announce that yours truly has partnered with global technology, engineering and industrial software giant Emerson to speak and moderate at the company's upcoming thought leadership event - Emerson Exchange 2025. This year's theme for the event - due to be held in San Antonio, Texas, US, from May 19 to 22, 2025 - is "accelerating innovation.

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Canadian Prime Minister Carney Signals Support for New Pipeline

OilPrice

Canadas new Prime Minister, Mark Carney, suggested he would support a new pipeline project if there is consensus about it, he said in an interview with CTV News. First off, Ive said repeatedly: yes. First point, Carney said in response to a question about new pipelines. Secondly, because I understand the need for that consensus. Im a prime minister who can help create that consensus, Carney also said.

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US Weekly Oil Data & OPEC’s Production

Energy Outlook Advisors

May 14, 2025 Subscribe now EOA’s Main Takeaway We've warned about declining distillate inventories for weeks. Last week, they hit 103.6 million barrels, the lowest since early May 2008 when oil prices neared record highs (See Figure 5). Cushing inventories dropped, staying below the 5-year range (Figure 11). They're not a concern yet but could be if Canadian imports decline.

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Global EV Sales Surge Despite Trade Disputes

OilPrice

Despite the ongoing trade tensions, global electric vehicles sales jumped by 29% from a year earlier to 1.5 million units in April, EV research firm Rho Motion said on Wednesday. Sales, however, fell by 12% compared to March 2025. Year-to-date, global EV sales rose by 29% compared to the period January-April 2024, with China and Europe leading the growth.

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Learning From Leaders: Donna DeCarolis

American Gas Association

News True Blue Blog Where energy conversations come to life. At National Fuel Gas Company, service isn’t just about natural gas lines and meters. In the new edition of Learning From Leaders hear from National Fuel Gas CEO Donna DeCarolis on the importance of volunteering and giving back to your community with their Days of Doing program. Share this article: Share this page on Twitter Share this page on Facebook Share this page on LinkedIn Email a link to this page The post Learning From Le

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EU Approves New Sanctions Targeting Russia's Shadow Tanker Fleet

OilPrice

Representatives of the EUs 27 member states approved on Wednesday a new sanctions package against Russia, targeting another nearly 200 tankers of the shadow fleet Russia uses to ship its oil to markets. The 17th sanctions package is expected to be officially endorsed and adopted by a meeting of the EUs defense ministers on Tuesday next week. The latest sanctions target the shadow fleet which Russia has been using for years to skirt the Western sanctions and the $60 per barrel price cap on its cr

Crude Oil 165
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This derivative off the AI-driven nuclear energy buildout can rally 50%, Evercore ISI says

CNBC: Energy

The provider of low enriched uranium for commercial nuclear plants has a critical role in the nuclear supply chain, and has an advantage over competitors.

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Venture Global Pushes Regulators To Greenlight LNG Plant

OilPrice

Venture Global, the LNG operator, has asked the Federal Energy Regulatory Commission to greenlight its third liquefaction plant, in Louisiana, by June 26. The company previously said it plans to make the final investment decision on the new facility by mid-2025 but, its chief executive said, it needs the go-ahead from the regulator. FERC had earlier rescinded its approval for the project on the grounds of concern related to its impact on air quality in the area.

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SEG Solar's 2GW cell production line in Indonesia goes into operation

EnergyTrend

SEG Solar's 2GW cell production line in Indonesia goes into operation AccordingtoWechatOfficialAccount@solar868,US-basedphotovoltaicmodulemanufacturerSEGSolarhaslaunchedthefirstproductionlineatitsnewplantinCentralJava,In.

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Global Iron Ore Market Defies Trade War Expectations

OilPrice

Via Metal Miner The past week or so has seen quite a yo-yo ride for global iron ore prices. Ore futures, including the most-active September contract on Chinas Dalian Commodity Exchange (DCE), dropped by about 2% on May 8. The reasons for this were twofold: the likely consequences of the U.S.-China trade tariff war, and a demand slowdown in China. Source: MetalMiner Insights, charts & correlation analysis The drop also coincided with an announcement by the Peoples Bank of China cutting the seven

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2GWh! Synergy's Collie Battery Energy Storage Project enters the commissioning phase

EnergyTrend

2GWh! Synergy's Collie Battery Energy Storage Project enters the commissioning phase AccordingtoWechatOfficialAccount@CESA,recently,WesternAustralianenergydeveloperSynergyannouncedthat640batterypackshavebeeninstalledinthecompany'sdeplo.

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