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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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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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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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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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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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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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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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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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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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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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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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Lawmakers Scrutinize Power Sector’s Future as Surging Demand Raises Alarms

POWER Magazine

In a hearing that underscored the mounting challenges facing the American power sector, industry leaders warned Congress that the nations power infrastructure is approaching a precarious juncture as unprecedented demand […] The post Lawmakers Scrutinize Power Sector’s Future as Surging Demand Raises Alarms appeared first on POWER Magazine.

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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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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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Antis Rally at OH Statehouse to Protest Fossil Fuels They Were Wearing

Marcellus Drilling News

Sorry to be so blunt: You can’t fix stupid. You can only call attention to it, which is what we’re doing with a group of “40 to 50” protesters who gathered yesterday at the Ohio Statehouse to protest drilling for oil and gas under state-owned land, including drilling under (not on) state parks. It was. The post Antis Rally at OH Statehouse to Protest Fossil Fuels They Were Wearing first appeared on Marcellus Drilling News.

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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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Baker Hughes, Woodside Energy Developing Decarbonization Solution Utilizing NET Power Platform

POWER Magazine

U.S.-based energy tech company Baker Hughes is joining with Australia's Woodside Energy in an initiative to develop a lower-carbon power generation technology solution specifically designed for oil and gas, heavy industries, and other smaller-scale applications. The post Baker Hughes, Woodside Energy Developing Decarbonization Solution Utilizing NET Power Platform appeared first on POWER Magazine.

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Oil price, Kistos, Arrow, Southern, Petro Matad. And finally…

Malcolm Graham Wood

Oil rallied yesterday and has given back a bit today. Kistos sees the Jotun FPSO sail away, Arrow has a great CPR, Southern a raise on firming natural gas prices. And Petro Matad still waits for oil sales contract approval. The post Oil price, Kistos, Arrow, Southern, Petro Matad. And finally… appeared first on Malcy's Blog.

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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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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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Undo the queue: Enverus acquires Pearl Street Technologies to solve for a more reliable, resilient grid

Enverus

AUSTIN, Texas (March 13, 2025) Enverus, the most trusted energy-dedicated SaaS company announced today that it has acquired Pearl Street Technologies , a leading provider of automation solutions that streamline interconnection studies for transmission providers, utilities and energy developers. The interconnection queue backlog is at the heart of todays growing resource adequacy, renewable energy, and grid reliability challenges.

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AI Infrastructure Group Will Build 300-MW Data Center in New Jersey

POWER Magazine

A Netherlands-headquartered company focused on building infrastructure for the artificial intelligence (AI) sector said it plans to build a new data center in New Jersey. Nebius Group, based in Amsterdam, said the facility would be part of a phased development that would be expandable up to a total capacity of 300 MW. The post AI Infrastructure Group Will Build 300-MW Data Center in New Jersey appeared first on POWER Magazine.

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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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Why Russian Gas Flows To Europe Are Unlikely To Resume Any Time Soon

OilPrice

The eight OPEC+ countries that pledged additional voluntary output reductions in 2023 have announced that they will proceed with their plan to gradually roll back the reductions. A statement posted on OPEC's website on Monday revealed that Saudi Arabia, Russia, the United Arab Emirates, Iraq, Kuwait, Kazakhstan, Oman and Algeria will start unwinding a 2.2 million barrel per day cut from April.

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WV Legislature Advances Bill to Fine Drillers for Royalty Nonpayment

Marcellus Drilling News

There are deadbeats in every industry, including (unfortunately) the oil and gas industry. Some O&G producers in West Virginia are gaming the system by not paying landowners/rights owners the royalties they are due. Typically, this does not apply to shale drillers, mostly larger companies. However, with (some, very few) smaller conventional drillers, they just don’t.

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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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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, Touchstone, Hunting.

Malcolm Graham Wood

Oil stays under pressure today. Touchstone have published reserves more in line with company expectations and Hunting have produced a cracking set of figures with lots of upside. The post Oil price, Touchstone, Hunting. appeared first on Malcy's Blog.

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Natural Gas Prices Reach Two-Year Highs As Geopolitical Tensions Rise

OilPrice

Natural gas prices recently soared to their highest levels in two years, driven by a combination of extreme weather, supply constraints, record liquefied natural gas (LNG) exports, and global demand pressures. This surge has significant implications for consumers, industries, and energy markets worldwide. Severe Weather is Driving Demand Higher Arctic conditions across North America and Europe have dramatically increased heating demand, leading to higher natural gas consumption.

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Ascent Resources Actively Considering IPO or Sale

Marcellus Drilling News

Ascent Resources, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohios largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its fourth quarter and full-year 2024. The post Ascent Resources Actively Considering IPO or Sale first appeared on Marcellus Drilling News.

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Electric Hydrogen, Titan Join to Manufacture Electrolyzer Plants

POWER Magazine

Electric Hydrogen, a global manufacturer of high-power electrolyzer plants, on March 6 announced a strategic partnership with Titan, a Texas-based process equipment manufacturing group, for the fabrication and assembly of its 100-MW electrolyzer plant product. The post Electric Hydrogen, Titan Join to Manufacture Electrolyzer Plants appeared first on POWER Magazine.

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Weekly Gas Storage: Inventories decrease by 62 Bcf

Oil & Gas 360º

Natural Gas Inventories as of March 7, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 62 Bcf as of March 7, 2025. Working gas in storage was 1,698 Bcf as of Friday, March 7, 2025, according to EIA estimates. This represents a net decrease of 62 Bcf from the previous week. Stocks were 628 Bcf less than last year at this time and 230 Bcf below the five-year average of 1,928 Bcf.

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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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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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NYMEX Natural Gas Price Hits Two-Year High of $4.491/MMBtu

Marcellus Drilling News

The NYMEX natural gas “front month” futures contract (currently the April contract) closed at its highest level yesterday since Dec. 29, 2022, closing at $4.4910 per million British thermal units (MMBtu). That was a gain of 9.2 cents from Friday’s close. However, it was quite the roller coaster, at least early in the day, as. The post NYMEX Natural Gas Price Hits Two-Year High of $4.491/MMBtu first appeared on Marcellus Drilling News.

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Germany’s new government can’t just walk away from climate protection

Energy Transition

Since 2019, Germany’s Climate Protection Act has had aimed to reduce Germany’s carbon emissions to zero by 2045. The incoming new government has to adhere to this law. Will it though? Credits: MDV Edwards, All rights reserved.

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