OilPrice

MARCH 12, 2025

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

American Petroleum Institute 314

American Petroleum Institute Crude Oil Barrel API 314

Marcellus Drilling News

MARCH 12, 2025

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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Natural Gas Gas IT 275

OilPrice

MARCH 12, 2025

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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IT 309

Marcellus Drilling News

MARCH 12, 2025

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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Dry Gas Energy Energy Field 263

OilPrice

MARCH 12, 2025

Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) revealed on Wednesday. Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. According to the Chairman of Libyas National Oil Corporation, Masoud Sulaiman, Libya plans to increase its oil output from 1.4 mb/d currently to 2 mb/d in 2028.

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Field Shutdown Barrel Oil 292

Energy Voice

MARCH 12, 2025

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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Energy Energy Oil Gas 173

OilPrice

MARCH 12, 2025

Argentinas controversial president Javier Milei, a self-described anarcho-capitalist, on taking office enacted strict austerity measures to rein in rampant triple-digit inflation, kick-start the economy and slash a massive fiscal deficit. While it is too early to tell if Milei has reversed decades of economic mismanagement there are promising signs of a miracle emerging.

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Oil IT 275

OilPrice

MARCH 12, 2025

Indian imports of crude oil from Russia appear to be rebounding in March following lower purchases earlier this year in the immediate aftermath of the January U.S. sanctions on Russias oil trade. Traders have booked more non-sanctioned tankers to deliver crude to India, while the price of Russias flagship Urals grade has dropped to below the $60 per barrel price cap by the G7, allowing shipments involving Western companies, Reuters reports, citing ship-tracking data and trading sources.

Oil 245

Oil Crude Oil Barrel 245

Marcellus Drilling News

MARCH 12, 2025

Earlier this month, the Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its State of Energy Report, offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for ?the energy industry in 2024 (full copy below). TIPROs State of. The post Natural Gas Extraction Job Paid Average Wage of $176,800 in 2024 first appeared on Marcellus Drilling News.

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Natural Gas Gas Royalty Oil 155

OilPrice

MARCH 12, 2025

Albertas Premier Danielle Smith has discussed potential overseas sales of Alberta-owned heavy oil with a global oil and petrochemical firm, the Canadian oil-producing province said this week. The potential deal with the multinational company, which Alberta didnt name, would be a first-of-its-kind transaction that would see the overseas transport and sale of about 2 million barrels per month of Government of Alberta owned heavy oil via the Alberta Petroleum Marketing Commission (APMC).

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Oil Petroleum Barrel Government 243

Oilholics Synonymous Report

MARCH 12, 2025

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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OilPrice

MARCH 12, 2025

Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. At the time of writing Brent crude was trading at $70.05 per barrel, with West Texas Intermediate at $66.75 per barrel, as the U.S. Energy Information Administration made a considerable revision to its supply and demand outlook for this year and next, and the head of the International Energy Agency called for more investment

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Oil Crude Oil Barrel Gas 225

Oil & Gas 360º

MARCH 12, 2025

(Oil Price) –Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday. The green hydrogen from RWE will be used in TotalEnergies Leuna refinery in Germany to reduce the plants carbon emissions.

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Refinery Utilities Natural Gas Gas 130

OilPrice

MARCH 12, 2025

Despite being the worlds biggest polluter, China is also a renewable energy superpower. Following decades of investment, China is the worlds biggest green energy producer, and its renewable energy capacity keeps on growing. The Asian giant is aiming to achieve carbon neutrality by 2060, despite continuing to be heavily reliant on oil, gas and coal. As Chinas renewable energy sector continues to expand, how long will this last until the bubble bursts?

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IT Energy Energy Oil 224

POWER Magazine

MARCH 12, 2025

Among the various types of valves on the market, ball valves are critical in high-pressure systems, enabling precise fluid control in industries like power generation, chemical processing, and oil and […] The post Best Maintenance Practices for Ball Valves in High-Pressure Systems appeared first on POWER Magazine.

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Maintenance Oil 130

OilPrice

MARCH 12, 2025

Bolivia's state energy company YBFB will use cryptocurrency to pay for energy imports amid dollar shortages, Reuters has reported. The shortage comes alongside a fuel crisis spurred by a lack of natural gas exports, which had led to protests across the country. "From now on, these (cryptocurrency) transactions will be carried out," a YPFB spokesperson told Reuters.

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Energy Energy Natural Gas Gas 215

Oil & Gas 360º

MARCH 12, 2025

Weekly Crude Oil Storage as of March 7, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 million barrels from the previous week. At 435.2 million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 7, 2025.

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Crude Oil Barrel Oil Petroleum 130

OilPrice

MARCH 12, 2025

Indias Coal Ministry is proposing to establish a coal trading exchange as domestic coal production jumps with the government push for higher output and sector reforms allowing private firms to operate mines. With the increased availability of domestic coal in the country, it is envisaged that there would be a paradigm shift towards a surplus coal scenario, the Coal Ministry said in a notice launching a public consultation on the creation of a coal trade exchange.

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Mechanic Consulting Government Operator 210

Enverus

MARCH 12, 2025

CALGARY, Alberta (March 12, 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 report that examines the impact of manufacturing load resulting from increased domestic manufacturing driven by demand, tariffs and production economics.

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Exploration and Production Manufacturing Supply Chain Energy 130

OilPrice

MARCH 12, 2025

The UK police have arrested the captain of a container ship that collided with a tanker carrying jet fuel in the North Sea earlier this week, on suspicion of gross negligence manslaughter in connection with the collision, according to an AP report. Unnamed sources told Reuters earlier in the week that no malicious activity was suspected in the accident, which set both vessels on fire.

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Enverus

MARCH 12, 2025

AC or DC coupling refers to the way in which solar panels are linked to the BESS (battery energy storage systems). Here we compare the pros and cons of each. Solar panels can be coupled or linked to a battery either through alternating current (AC) coupling or direct current (DC) coupling. AC current flows rapidly on electricity grids both forward and backward.

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Energy Energy Electronics Electronics 130

OilPrice

MARCH 12, 2025

Renewable energy developer, NextEra Energy (NYSE:NEE) is considering doubling its $20B investment in Texas, with the renewable energy company currently exploring land in the Permian Basin for development, Michele Wheeler, VP of regulatory and political affairs, revealed at the CERAWeek energy conference in Houston. Projections for the Lone Star state--the biggest power producing state-- see a doubling of electricity demand by 2030.

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IT Basin Energy Energy 194

EnergyTrend

MARCH 12, 2025

Two Large-scale Overseas Battery Energy Storage Projects Purchase Agreement Have Been Signed Accordingtoescn.com,theEgyptiangovernmentrecentlysignedaCapacityPurchaseAgreement(CPA)withDubai-basedrenewableenergydeveloperAMEAPowerforthedeployment.

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Energy Energy 130

OilPrice

MARCH 12, 2025

Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday. The green hydrogen from RWE will be used in TotalEnergies Leuna refinery in Germany to reduce the plants carbon emissions.

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Refinery Utilities Oil Gas 181

EnergyTrend

MARCH 12, 2025

2GWh Energy Storage Manufacturing Project and 1GWh Energy Storage Power Station Project Was Signed AccordingtoOfficialAccount@Chunengjianwen,onMarch5th,thePeople'sGovernmentofQingyangCity,GansuProvince,successfullysignedastrategiccooperationframewor.

Manufacturing 130

Manufacturing Energy Energy 130

OilPrice

MARCH 12, 2025

A group of large energy users, including technology giants Amazon, Google, and Meta, on Wednesday pledged their support to the goal of at least tripling global nuclear capacity by 2050. The tech firms were among the founding signatories of the pledge as a cross-industry group of eight large energy users teamed up for the first time to launch a cross-sector pledge to emphasize nuclear energys essential role in enhancing energy security, resiliency and providing continuous clean energy.

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Energy Energy 172

POWER Magazine

MARCH 12, 2025

Technology company Cisco is among the groups involved in six virtual power purchase agreements (VPPAs) to secure energy from two solar power plants being developed in Texas. The post Corporate Buyers Sign Deals With Texas Solar Energy Projects appeared first on POWER Magazine.

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Energy Energy Sustainable Sustainability 130

OilPrice

MARCH 12, 2025

Azerbaijan and Georgia are asking the European Commission to grant special status to a Black Sea power line project that would expedite construction of an undersea cable enabling EU member states to import electricity from Caspian Basin nations.

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Basin Energy Energy 165

Marcellus Drilling News

MARCH 12, 2025

Up/down, up/down, up/down, up/down We cant count how many times the Freeport LNG export facility has come online to go offline again, with the cycle repeating (see our MANY stories about the uneven Freeport here). Its become kind of a joke. Except, its no joke. Freeport is (still, for now) the countrys second-largest LNG export. The post Freeport LNG Trains 2 & 3 Go Offline Yet Again, Quick Restart first appeared on Marcellus Drilling News.

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IT 120

OilPrice

MARCH 12, 2025

Traders havent been this bearish on oil in months or so bullish on U.S. natural gas in years. The latest data on money managers positioning in the WTI and Brent crude and U.S. natural gas futures showed two contrasting trendsspeculators are betting that oil prices would remain low or go even lower while increasing the bets that natural gas prices would continue marching higher.

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Natural Gas Oil Gas Management 157

Rigzone

MARCH 12, 2025

'The geopolitical risk premium in the oil and gas markets will fall sharply if a truce is implemented', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.

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Energy Energy Oil Gas 106

Oil & Gas Magazine

MARCH 12, 2025

La deuda de Pemex con proveedores aument 25.6% en tres meses, alcanzando 506.2 mil millones de pesos. Empresarios alertan sobre la crisis financiera y exigen soluciones inmediatas. La deuda de Petrleos Mexicanos (Pemex) con sus proveedores y contratistas aument 103.3 mil millones de pesos en el ltimo trimestre de 2024, representando un incremento del 25.6% y situndose en 506.2 mil millones de pesos al cierre del ao.

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Upstream 105

CNBC: Energy

MARCH 12, 2025

The pledge is nonbinding, but highlights the growing support for expanding nuclear power among leading industries, finance and governments.

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Finance Government 101

Oil & Gas Magazine

MARCH 12, 2025

Las empresas suizas exploran oportunidades para proporcionar seguros de crdito para financiar proyectos y transacciones, incluyendo proyectos de transporte, como ferrocarriles y metros, sector industrial, entre otros El Gobernador de Nuevo Len, Samuel Alejandro Garca Seplveda, sostuvo una reunin con el embajador de Suiza en Mxico, Pietro Piffarettiy, autoridades y representantes de empresas suizas con el objetivo de fortalecer la relacin econmica entre ambas regiones.

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Transportation E&A 103

BOE Report

MARCH 12, 2025

Massive M&A news early on Monday morning, as Whitecap Resources and Veren announced that the two companies will combine in a $15 billion transaction to create a leading Canadian light oil and condensate producer. To review the M&A slide deck provided by Whitecap and Veren, click here.

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Condensate IT Oil 96

Oil & Gas Magazine

MARCH 12, 2025

La Cmara de Diputados aprob las leyes secundarias que consolidan a Pemex y CFE como empresas pblicas del Estado, mientras la oposicin advierte sobre riesgos de monopolizacin. La Comisin de Energa de la Cmara de Diputados aprob el dictamen de leyes secundarias que consolidan a Pemex y CFE como empresas pblicas del Estado , con el objetivo de fortalecer su papel en la autosuficiencia energtica y garantizar energa a bajo costo.

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BOE Report

MARCH 12, 2025

Exxon Mobil expects to raise output to 5.4 million barrels of oil equivalent per day in 2030, up from 4.3 million boepd now, the company’s president of upstream said on Wednesday. The production areas that the company is focused on for growth are Guyana, top U.S.

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Upstream Natural Gas Barrel Oil 92