March, 2025

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IEA: The World Needs Upstream Oil and Gas Investment

OilPrice

The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. The IEA famously said in 2021 that no investments in new oil and gas fields are needed if the world has a chance to reach net-zero emissions by 2050.

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Tripling Nuclear Energy Capacity by 2050: Maximizing a High-Energy Future for Data Centres, Refineries, Manufacturing, and Beyond

POWER Magazine

Next week, the worlds most influential energy conference, CERAWeek, will see more than 10,000 delegates assemble to hear from the industrys leaders about the future of energy. The conference has […] The post Tripling Nuclear Energy Capacity by 2050: Maximizing a High-Energy Future for Data Centres, Refineries, Manufacturing, and Beyond appeared first on POWER Magazine.

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Anti-Drilling Trout Unlimited Crying Over $180M in Frozen Funds

Marcellus Drilling News

For more than 13 years MDN has harped on the fact that groups like Trout Unlimited are filled with extremist anti-drillers (see our article Anti-Drilling Close-up: Trout Unlimited from October 2012). In February 2014, a national organization aimed a spotlight on Trout Unlimited and several other so-called conservation groups (see Trout Unlimited, Other Groups Outted.

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Heat pumps could be set for a revolution

Energy Voice

In 1834 Jean Charles Peltier, a French watchmaker and part-time physicist, found that an electrical current would produce heating or cooling at the junction of two dissimilar metals. The post Heat pumps could be set for a revolution appeared first on Energy Voice.

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IEA: The world needs upstream oil and gas investment

Oil & Gas 360º

(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. The IEA famously said in 2021 that no investments in new oil and gas fields are needed if the world has a chance to reach net-zero emissions by 2050.

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The Impact of Ending OPEC+ V8 Voluntary Cuts

Energy Outlook Advisors

In a surprising move, the eight OPEC+ countries that made voluntary cuts (The V8: Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman ) announced they will stick to their plans, end the voluntary cuts, and gradually increase production starting April 1. This move was planned since late December, but we and others expected them to extend the cuts as they did before on weak demand.

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Record Nuclear Power Production Expected in 2025

OilPrice

The world is re-embracing nuclear energy after decades of decline, driven by technological advances and the need to keep pace with growing energy demand fueled by the tech sector without compromising climate goals. The world is now on track to produce more nuclear energy than ever before in 2025, and the International Energy Agency (IEA) predicts an all-out nuclear renaissance.

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Stalinist NY Bill Would End Natural Gas for Homes and Businesses

Marcellus Drilling News

Joe Stalin was a brutal dictator in the Soviet Union (Russia) who ruled with an iron fist during the early 20th century. He established the totalitarian political system known as Stalinism, which forcibly purged society of what it saw as threats to itself and its brand of communism. We think Stalinism is an apt description. The post Stalinist NY Bill Would End Natural Gas for Homes and Businesses first appeared on Marcellus Drilling News.

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Energy Vocations: Mick Gillespie has worked on the Anasuria FPSO since day one

Energy Voice

Energy Vocations is the monthly series in which Energy Voice speaks to workers who keep the UK's lights on. The post Energy Vocations: Mick Gillespie has worked on the Anasuria FPSO since day one appeared first on Energy Voice.

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Ecuador’s President Noboa demands $1.5 billion early payment for major oil deal

Oil & Gas 360º

(World Oil) –Ecuadors President Daniel Noboa has ordered a consortium seeking to take over the nations top oil asset to pay an entry fee of $1.5 billion by March 11, moving up the deadline by more than three weeks. Noboa has warned he will cancel the deal without the early payment. The motive is simple: If they dont respond with the urgency the Ecuadorian people deserves, we will analyze other options, Noboa said, citing security and social spending needs in a letter to the public he poste

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US Weekly Oil Data

Energy Outlook Advisors

March 12, 2025 EOA’s Main Takeaway Although changes in inventories followed historical trends, the bad weather in Texas has influenced exports and imports. Gasoline inventories are currently at a comfortable level, but refinery maintenance might lead to low levels at the start of summer. We will monitor jet fuel demand, expecting it might decline significantly due to slow economic growth and reduced government travel.

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U.S. and Uzbekistan Forge Critical Minerals Partnership

OilPrice

Uzbekistan has announced a $2.6-billion initiative to develop the countrys substantial mineral resources, setting the Central Asian nation up to potentially become an important source of rare earths for US businesses. During a March 7 presentation in Tashkent, President Shavkat Mirziyoyev announced a three-year investment plan to develop 76 projects covering 28 different elements used in the production of durable goods.

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LG&E, KU Propose $3.7B Power Buildout: 1.3 GW of New Gas Plants, $153M Coal Unit Upgrade

POWER Magazine

PPL subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) have proposed to upgrade environmental controls at a 1974-built coal unit, build two new gas-fired power plants […] The post LG&E, KU Propose $3.7B Power Buildout: 1.3 GW of New Gas Plants, $153M Coal Unit Upgrade appeared first on POWER Magazine.

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Expand Energy Drilled 5.6-Mile Lateral in the WV Utica in 5 Days

Marcellus Drilling News

Hart Energy reports that Expand Energy, formed by the combination of Chesapeake Energy and Southwestern Energy, drilled a massive 5.6-mile lateral in northern West Virginias dry-gas Uticaand it was drilled in five days with just one bit run. Expand’s Shannon Fields OHI #3H well, located in Ohio County, WV, has a 29,687-ft lateral. We always. The post Expand Energy Drilled 5.6-Mile Lateral in the WV Utica in 5 Days first appeared on Marcellus Drilling News.

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Oil price, DEC, Savannah. And finally…

Malcolm Graham Wood

Oil is down 50 cents today as Chinese inflation data disappoints. Today DEC join a group to address the growing data centre demand and Savannah have closed the SIPEC acquisition. The post Oil price, DEC, Savannah. And finally… appeared first on Malcy's Blog.

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EnerCom announces initial list of presenting companies for the 30th annual Energy Investment Conference to be held August 17–20, 2025 in Denver, Colorado 

Oil & Gas 360º

(Oil & Gas 360) – EnerCom Announces Initial List of Presenting Companies for the 30th Annual Energy Investment Conference to be Held August 1720, 2025 in Denver, Colorado EnerCom Denver The Energy Investment Conference will celebrate 30 years of bringing together the broader energy sector, including companies, investors, analysts, and industryleaders!

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Offshore workforce biggest demographic fears mental health support will impact jobs

Energy Voice

North Sea workers aged between 35 and 64 are more likely to believe accessing mental health support will negatively impact their careers, a landmark report has revealed. The post Offshore workforce biggest demographic fears mental health support will impact jobs appeared first on Energy Voice.

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"Drill, Baby, Drill": Natural Gas Producers Eye a Boom

OilPrice

While the slowdown in U.S. oil production continues, rallying natural gas prices are setting the stage for a rebound in Americas gas output this year, following months of output curtailments in 2024. Slowing natural gas production last year, fast-depleting inventories during the coldest winter in years, and record-high flows to LNG facilities and LNG exports have pushed the benchmark U.S. natural gas prices above the $4 per million British thermal units (MMBtu) level, up by 160% in one year.

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POWER Announces Debut of New Data Center POWER eXchange (DPX) Conference Focused on Power Demand for Digital Transformation

POWER Magazine

One-day summit to lead critical market discussions on data center energy demand and power sector solutions, kicking off POWERs long-standing Experience POWER conference this October in Denver. Rockville, Maryland (March […] The post POWER Announces Debut of New Data Center POWER eXchange (DPX) Conference Focused on Power Demand for Digital Transformation appeared first on POWER Magazine.

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EQT Sues Union Township (Washington County, PA) for Extortion

Marcellus Drilling News

Here’s an explosive allegation. EQT Corporation and its pipeline subsidiary EQM Gathering are suing Union Township (located in Washington County, PA). Also named in the lawsuit are the town’s five supervisors. EQT’s allegation is that the town (and its supervisors) are attempting to extort big money from EQT to allow the company to connect gathering.

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Checking out Vaeridion's electric 'microliner' concept

Oilholics Synonymous Report

(Left to right: Ivor van Dartel, Founder and CEO of Vaeridion, Markus Kochs-Kmper, CTO of Vaeridion, and Gaurav Sharma, Energy Analyst, Oilholics Synonymous, at the startup's laboratory and engineering site in the Bosch Innovation Campus in Holzkirchen, Germany) Late last month, the Oilholic headed out to the Bosch Innovation Campus in Holzkirchen, Germany, some 25 miles south of Munich, for a visit to green aviation startup Vaeridion's laboratory and engineering test site of its 'microliner' el

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Delayed exit: Rising demand forces natural gas power plants to stay online

Enverus

CALGARY, Alberta (Mar. 4, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a report looking at how power plant retirements have shifted in the last three years. After confirming a trend of rising retirement extensions, this report evaluates and lists the timing of natural gas plant retirements likely to be delayed, based on plant efficiency and projected power demand

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What does the future hold for UK’s Rosebank and Jackdaw?

Energy Voice

UK offshore energy investors are consolidating their assets as the government remains vague on necessary investment criteria - but it could also mean the return of 'dirty word' Cambo. The post What does the future hold for UK’s Rosebank and Jackdaw? appeared first on Energy Voice.

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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

Crude oil inventories in the United States saw an increase of 1.4 million barrels during the week ending March 7, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration, rebounding from a slide earlier in the week, even after the American Petroleum Institute (API) reported on Tuesday a build of 4.247 million barrels in U.S. crude oil inventories ami

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Dominion Seeks Virginia Approval for 1-GW Gas-Fired Power Plant

POWER Magazine

Dominion Energy has asked Virginia officials to approve its request to build a new 1-GW natural gas-fired power plant, as the company seeks to add more generation capacity to help serve surging demand from data centers. The post Dominion Seeks Virginia Approval for 1-GW Gas-Fired Power Plant appeared first on POWER Magazine.

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NYMEX NatGas Futures Hit 2-Year High, Closed at $4.35/MMBtu

Marcellus Drilling News

Is this the beginning of the “running of the bulls” with respect to natural gas traders? According to a senior market analyst at the PRICE Futures Group, quite possibly. Yesterday the NYMEX Henry Hub “front month” futures price closed up 22.8 cents at $4.35/MMBtu—the highest closing price since Dec. 30, 2022 (more than two years).

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CERAWeek Days II & III: US market, BP's reset and LNG

Oilholics Synonymous Report

Days II & III of CERAWeek 2025 have zipped by with plenty of soundbites, among which (1) fawning over the US as a key energy investment destination, (2) discussions over the LNG market, and (3) BP's reset stood out for the Oilholic. For much of Tuesday (Day II), all you could hear was how the US had become the prime energy investment market since the election of Donald Trump as President.

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Oil price, Zephyr, Genel, Deltic. And finally…

Malcolm Graham Wood

Oil is up today but for no particular reason, talk of a recession in the US, are you sure? With Zephyr updating on production and looking forward to the Paradox and Deltic making progress at Selene very well. Finally yesterday Genel announced a foray into Oman which looks really good. The post Oil price, Zephyr, Genel, Deltic. And finally… appeared first on Malcy's Blog.

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The data center decade has arrived

Enverus

CALGARY, Alberta (Mar. 11, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing a series of reports analyzing long-term load forecast, providing an update on load growth and total system load, and the unprecedented capital expenditures cycle in the technology sector.

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Russia Attacks Ukraine’s Energy and Gas Infrastructure

OilPrice

Russia attacked energy and gas infrastructure in Ukraine early on Friday, the Ukrainian energy minister and national gas firm Naftogaz said. Naftogaz Groups gas production infrastructure has come under attack for the seventeenth time, causing damage to critical gas production sites, acting Naftogaz chairman of the board, Roman Chumak, said in a statement on Friday.

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Zimbabwe Joins Other African Nations in Pursuit of Nuclear Power

POWER Magazine

Officials in Zimbabwe recently said the country will work with the International Atomic Energy Agency (IAEA), and likely with investment from Russia, to develop a nuclear power program in the country. Zimbabwe The post Zimbabwe Joins Other African Nations in Pursuit of Nuclear Power appeared first on POWER Magazine.

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Shocker: Shell Considers Selling Beaver County, PA Ethane Cracker

Marcellus Drilling News

According to the Wall Street Journal, Shell is “exploring a potential sale of its chemicals assets in Europe and the U.S.,” according to “people familiar with the matter.” The review and potential sale are part of a continuing drive to refocus the companys business on its most profitable operations. One of the petchem assets that.

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Whitecap Resources and Veren to combine in a $15 billion transaction to create a leading Canadian light oil and condensate producer

BOE Report

CALGARY, AB, March 10, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay.

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Oil price, DEC, Serica, JOG, Hunting, Tower, EOG. And finally…

Malcolm Graham Wood

Oil has bounced today and is only $2 down on the week.Today DEC remind markets about dilution, not and JOG see Dana step back from the FPSO. A preliminary announcement says that EnQuest and Serica are in talks and Hunting has made an aquisition as promised. Finally Tower are beginning to get a move on and EOG is getting underway at Cloughton. The post Oil price, DEC, Serica, JOG, Hunting, Tower, EOG.

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15GWh! CALB Breaks Ground on Portugal's Zero-Carbon AI Superfactory

EnergyTrend

15GWh! CALB Breaks Ground on Portugal's Zero-Carbon AI Superfactory AccordingtoOfficialAccountBJX.CHUNNENG.COM,onFebruary24,2025,CALBofficiallybrokegroundonitsPortugalbase.Theprojectplanstoinvestapproximately2billion.

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U.S. Resumes Military Aid to Ukraine

OilPrice

US military aid to Ukraine has now started moving across the border from Poland, following an agreement between US and Ukrainian officials in Saudi Arabia, according to Polish Foreign Minister Radoslaw Sikorski. Sikorski was speaking to reporters alongside his Ukrainian counterpart, Andriy Sybiha, in Warsaw, as the latter returned from the talks in Jeddah on March 12.

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The POWER Interview: O&M Solutions for C&I Solar Installations

POWER Magazine

Jon De Martin, CEO of Australia-based SCE Energy Solutions, talks with POWER about his company's work with solar power technology for commercial and industrial enterprises. The post The POWER Interview: O&M Solutions for C&I Solar Installations appeared first on POWER Magazine.

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