OilPrice

MARCH 7, 2025

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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Natural Gas Gas Oil 340

POWER Magazine

MARCH 7, 2025

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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Gas Natural Gas Energy Energy 293

OilPrice

MARCH 7, 2025

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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Gas Energy Energy 334

Marcellus Drilling News

MARCH 7, 2025

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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Oil Gas IT 253

OilPrice

MARCH 7, 2025

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, after a 1-rig increase in the week prior. The total rig count fell by 1 rig, to 592, according to Baker Hughes, down 30 from this same time last year. The number of oil rigs stayed the samedown by 18 compared to this time last year.

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Oil Gas Drilling rig 305

Marcellus Drilling News

MARCH 7, 2025

One year ago in March 2024, MDN told you about a new strategy by Chesapeake Energy (now Expand Energy) to drill new shale gas wells but leave them offline (see Chesapeake Brings Japanese Just in Time Concept to Gas Wells). As explained in that article, the company does more than drill DUCs (drilled but uncompleted. The post Expand Energys Just in Time Program Equals Profits on Demand first appeared on Marcellus Drilling News.

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Gas Energy Energy 188

OilPrice

MARCH 7, 2025

Shell has started first oil production from the next development phase of a deepwater oil project offshore Malaysia, the UK-based supermajor said on Friday as Europes largest oil and gas companies are pivoting back to strategies to boost output of fossil fuels. Shells subsidiary Sabah Shell Petroleum Company Ltd, announced first oil production from Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East deepwater offshore development project.

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Offshore Oil Petroleum Gas 279

OilPrice

MARCH 7, 2025

Saudi Arabia just dialed back its crude prices for Asia, according to Aramcos just-published rate sheet. The company has trimmed official selling prices (OSPs) for the first time in three months, with Aramcos April price sheet now showing Arab Light at $3.50 per barrel over Oman/Dubai, a 40-cent cut. Thats after last months price spike, driven by U.S. sanctions squeezing Russian supply.

Barrel 274

Barrel Oil IT 274

Malcolm Graham Wood

MARCH 7, 2025

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.

Oil 147

Oil Gas Energy Energy 147

OilPrice

MARCH 7, 2025

Indonesia has started replacing diesel as a fuel in dozens of power plants with LNG, which is set to boost demand for natural gas in one of the worlds top LNG exporters. Following a decade of delays, Indonesia finally launched a $1.5 billion project to distribute LNG on a small scale to power dozens of plants that currently run on diesel, Reuters reports.

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Gas Natural Gas Transportation Operator 257

Marcellus Drilling News

MARCH 7, 2025

Last week we told you that it is the end of an era with the retirement of Dan Dinges from the Coterra Board of Directors (see Dan Dinges, Former Cabot O&G CEO, Retiring from Coterra Board). Dinges served as Chairman, President, and CEO of Cabot Oil & Gas Corporation from May 2002 until the companys. The post Two More Exits (Retirements) from Coterra Energy Management Team first appeared on Marcellus Drilling News.

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Management Energy Energy Oil 147

OilPrice

MARCH 7, 2025

Carbon capture and storage (CCS) were the words on everyones lips a couple of years ago, as most big oil majors began to invest heavily in the technology to support decarbonisation efforts. However, as the first large-scale projects get off the ground, greater criticism has emerged around the technology.

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Government Oil 253

Oil & Gas 360º

MARCH 7, 2025

(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The arrangement was approved by Vitesse stockholders and Lucero shareholders on March 5, 2025 and March 6, 2025, respectively, and Lucero received the approval of the Court of Kings Bench of Alberta on March 6, 2025. The addition of Luceros operations will enable Vitesse to expand its assets across the Bakken shale region, where Lucero had approximately 6.4 Mboe per day of

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Completion Energy Energy E&P 130

OilPrice

MARCH 7, 2025

Oil prices took a hit this week, and according to Rystad Energy, the bearish mood is realbut temporary. Brent crude briefly dipped near $69 per barrel as markets reacted to OPEC+s decision to gradually increase output starting in April, while ongoing tariff drama from Washington continues to rattle demand expectations. Rystads Mukesh Sahdev, Global Head of Commodity Markets - Oil, notes that the market is fixated on oversupply fears, especially as time spreads narrow dangerously close to contang

Oil 233

Oil Barrel Energy Energy 233

Oil & Gas 360º

MARCH 7, 2025

Powering the Path Forward: Consumers Energy Celebrates Women Paving the Way on the Reliability Ro…

Energy 130

Energy Energy 130

OilPrice

MARCH 7, 2025

Brazil looks to boost its economy with money from its $3.5-billion social fund, which collects revenues from oil and gas exploration and production, as approval ratings of President Luiz Inacio Lula da Silva have slumped to a record low. Inflation and most of all rising food prices have sapped the confidence of Brazilians in their president in recent weeks.

Oil 230

Oil Exploration and Production Government Gas 230

Oil & Gas 360º

MARCH 7, 2025

2025-03-07 05:44:00 ET Enbridge (NYSE: ENB) and Energy Transfer (NYSE: ET) …

Energy 130

Energy Energy 130

OilPrice

MARCH 7, 2025

Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigerias oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 million bpd, a Reuters survey showed. Last month, Nigerian production exceeded its quota in the OPEC+ agreement by the most among all participants. The rise in Nigerian oil production and an increase in Irans output despite U.S. attempts to curb Iranian flows pushed up the total OPEC production in February, according

Oil 223

Oil IT Refinery Barrel 223

Oil & Gas 360º

MARCH 7, 2025

2025-03-07 04:20:00 ET If you are looking for reliable dividend payers with high yields as …

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OilPrice

MARCH 7, 2025

Problems with the salt content in Pemex oil have been solved, the countrys president Claudia Sheinbaum said, after multiple reports about trouble with salt and water content in Pemex crude. The problem of salt in crude has been solved, Sheinbaum said during a regular press conference, as quoted by Reuters. The president added that the new Pemex refinery in Dos Bokas was making progress, too.

Oil 187

Oil IT Refinery 187

Oil & Gas 360º

MARCH 7, 2025

2025-03-06 21:15:00 ET Utility stocks are back in vogue after a new tariff war has made the…

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Utilities 130

OilPrice

MARCH 7, 2025

Politics, Geopolitics & Conflict Syria remains fragile. Now that the dust has settled, various armed groups (including Assad regime loyalists) have risen from the ashes after regrouping. For now, these are fairly isolated armed engagements, but are worth monitoring. The U.S. is said to be considering (according to Reuters sources) a plan to ask its allies to stop and inspect Iranian oil tankers.

Oil 160

Oil IT 160

Oil & Gas 360º

MARCH 7, 2025

2025-03-06 21:00:00 ET Looking to build a defensive portfolio that provides steady income?

Utilities 130

Utilities 130

OilPrice

MARCH 7, 2025

Crude oil prices remain under pressure, struggling to gain upside traction as bearish fundamentals dominate sentiment. A combination of OPEC+ supply hikes, trade war escalations, and weak demand indicators has kept oil bulls at bay, reinforcing a bearish outlook for the market. While a short-term technical rebound was observed, the broader downtrend remains intact.

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Oil Crude Oil Barrel IT 143

Oil & Gas 360º

MARCH 7, 2025

VG INVESTOR ALERT: Venture Global, Inc.

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Marcellus Drilling News

MARCH 7, 2025

NATIONAL: How many people did USA oil and gas employ in 2024?; U.S. butane exports reached a new record in 2024; Wright, Burgum visit Louisiana liquefied natural gas facility amid $18B expansion; INTERNATIONAL: European Commission schedules new round of coordinated gas deals. NATIONAL How many people did USA oil and gas employ in 2024? Rigzone. The post Other Stories of Interest: Fri, Mar 7, 2025 first appeared on Marcellus Drilling News.

Natural Gas 130

Natural Gas Gas Oil 130

Oil & Gas 360º

MARCH 7, 2025

HOUSTON, TEXAS / ACCESS Newswire / March 6, 2025 / PATTERSON-UTI ENERGY, INC.

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Energy Energy 130

Enverus

MARCH 7, 2025

We are thrilled to announce that MarketView , a flagship product of Enverus Trading and Risk Solutions, has achieved the prestigious SOC 1 Type 1 certification! This milestone is a testament to our unwavering commitment to data integrity, security, and excellence. Additionally, Enverus is already SOC 2 compliant, further reinforcing our dedication to industry-leading standards in security and operational controls.

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Exploration and Production Operator Mechanic Management 130

Oil & Gas 360º

MARCH 7, 2025

Fiscal 2024 sales of $1.8 billion, up 7.

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POWER Magazine

MARCH 7, 2025

Landsnet owns and operates Icelands power transmission system and is responsible for building and maintaining a secure and reliable electrical grid. Monitoring the grid in Iceland is uniquely challenging because […] The post Landsnet and Laki Power Tackle Severe Weather Challenges in Iceland appeared first on POWER Magazine.

Operator 130

Operator 130

Oil & Gas 360º

MARCH 7, 2025

(Investing) –South Dakota Governor Larry Rhoden signed a bill on Thursday banning the use of eminent domain, which allows private land to be taken for public use, for the construction of carbon dioxide pipelines, potentially endangering a $9 billion project proposed by Summit Carbon Solutions. Summits pipeline would carry captured carbon dioxide from ethanol plants in five Midwest states to an underground storage location in North Dakota.

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Pipeline IT Casing 130

BOE Report

MARCH 7, 2025

Russia’s Deputy Prime Minister Alexander Novak said on Friday that the OPEC+ group agreed to start increasing oil production from April, but could reverse the decision afterwards if there are market imbalances.

Oil 109

Oil 109

Rigzone

MARCH 7, 2025

WTI climbed 0.7% to settle at $67.04 a barrel, yet oil remains down 3.9% for the week as trade and supply concerns continue.

Oil 107

Oil Barrel 107

Cisco: Oil & Gas

MARCH 7, 2025

At Cisco Live Amsterdam, Cisco showcased innovative SMB solutions, highlighting secure networking, AI, and hybrid work technologies, emphasizing their commitment to empowering small businesses with scalable, efficient IT strategies.

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IT 104

Rigzone

MARCH 7, 2025

Texas had the highest oil and gas payroll in the country in 2024, according to TIPRO's latest State of Energy report.

Oil 103

Oil Gas Energy Energy 103

Oil & Gas 360º

MARCH 7, 2025

Lost Money on Venture Global, Inc.(VG)?

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BOE Report

MARCH 7, 2025

The U.S. government is studying ways it could ease sanctions on Russia’s energy sector as part of a broad plan to enable Washington to deliver swift relief if Moscow agrees to end the Ukraine war, according to two sources familiar with the matter.

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Energy Energy Government IT 99