Fri.Mar 14, 2025

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LS Power Adding Gas-Fired Capacity as Part of PJM Initiative

POWER Magazine

LS Power, a development, investment, and operating company focused on the North American power and energy infrastructure sector, on March 14 announced it has applied to build about 700 MW of new generation supply as part of PJM's Reliability Resource Initiative (RRI), which is designed to expedite connecting shovel-ready, high-reliability projects to the grid.

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Harold Hamm Sounds the Alarm: Low Oil Prices Could Shut Down US Shale

OilPrice

Shale titan Harold Hamm isnt mincing wordsif oil prices stay this low, drilling in some of Americas prized shale fields could grind to a halt. Speaking at CERAWeek in Houston, the Continental Resources founder warned that with oil hovering near $65 a barrel, many U.S. fields are already on shaky ground. When you get below the cost of supply, you cant drill, baby, drill, Hamm told Bloomberg.

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GE Vernova Turbines Powering New 1.2-GW Gas-Fired Plant in Malaysia

POWER Magazine

An India-based company said it has started commercial operation of a 1,200-MW natural gas-fired power plant in Malaysia, part of a buildout of power generation capacity as that country's population grows and its economy expands. The post GE Vernova Turbines Powering New 1.2-GW Gas-Fired Plant in Malaysia appeared first on POWER Magazine.

Gas 147
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U.S. and Vietnam Sign $4-Billion Energy and Minerals Deals

OilPrice

American and Vietnamese companies signed this week several agreements in the energy and minerals sectors estimated to be worth $4.15 billion, as the Southeast Asian country looks to avoid U.S. tariffs and boost cooperation with U.S. firms. Vietnams Trade Minister Nguyen Hong Dien visited the United States this week and held talks with the US Trade Representative Jamieson L.

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March STEO Predicts 2025 NatGas Price Avg Higher @ $4.20/MMBtu

Marcellus Drilling News

The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook on Tuesday, the agencys monthly best guess about where energy prices and production will go in the next 12 months. In this latest assessment, EIA expects the Henry Hub price to average around $4.20 per million British thermal units (MMBtu) in 2025, The post March STEO Predicts 2025 NatGas Price Avg Higher @ $4.20/MMBtu first appeared on Marcellus Drilling News.

Energy 208
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Barclays Slashes Oil Price Forecast on 500,000 Bpd Demand Growth Cut

OilPrice

Barclays sees Brent Crude prices at $74 per barrel this year, down by $9 from its previous forecast, as it slashed its global demand growth estimate in mounting economic uncertainties. We turn neutral on oil prices relative to the curve and consensus, as we revise down our 2025 demand outlook 510,000 barrels per day due to soft high?-?frequency indicators and elevated economic uncertainty, Barclays analysts wrote in a note on Friday carried by Reuters.

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CNN Climate Correspondent Humiliates Himself re EPA Quad O b/c

Marcellus Drilling News

This is *really* embarrassing for CNN. The “news” channel’s lead “Chief Climate Correspondent” Bill Weir—the guy who is supposed to be an expert on the federal Environmental Protection Agency (EPA)—did an on-air equivalent of a face-plant yesterday. He claimed one of the many press releases issued by EPA yesterday was pumped out so fast it.

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Media missives from CERAWeek 2025

Oilholics Synonymous Report

With CERAWeek 2025 by S&P Global drawing to a close on March 14, the Oilholic capped a fascinating and engaging week out in Houston by having insightful 1-on-1 discussions, panel chats and wider interactions on the global energy mix and where it is heading to. All blog entries for CERAWeek may be found here. Yours truly also provided insight to Energy Connects and Forbes throughout the event as detailed below.

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China, Russia, and Iran Demand End to U.S. Sanctions on Tehran

OilPrice

China, Russia, and Iran demanded an end to Washington's "illegal, unilateral sanctions" on Tehran, after three-party talks on the Iranian nuclear issue in Beijing on March 14. But a leading sanctions expert involved in past nuclear talks with Iran says lifting sanctions as a precursor to negotiations is neither likely nor advisable. The meeting included Chinese Deputy Foreign Minister Ma Zhaoxu, Russian Deputy Foreign Minister Sergei Ryabkov, and Iranian Deputy Foreign Minister Kazem Gharibabadi

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The Emperor’s New Clothes: BP and Shell’s duck diplomacy

Energy Voice

Oil and gas supermajors are kicking frantically below the waters surface as they attempt to navigate the energy transition. In the second of a two-part series, we examine how BP and Shell have scaled back their low-carbon commitments. The post The Emperors New Clothes: BP and Shells duck diplomacy appeared first on Energy Voice.

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Russia Switches to Crypto in Oil Trade

OilPrice

Russia is increasingly using cryptocurrencies in its oil trade with top clients China and India amid U.S. sanctions, Reuters has reported, citing unnamed sources, who said Russian oil traders were using the cryptocurrencies to facilitate the conversion of yuans and rupees into rubles. For now, the amount of oil traded with cryptocurrencies is a small portion of Russias total, the sources told Reuters, but it is growing.

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CERAWeek Days IV & V: Going nuclear & rounding up

Oilholics Synonymous Report

The home stretch of CERAWeek did not disappoint. But before Days IV and V got underway, the conclusion of Wednesday (Day III) brought perhaps the biggest talking point of the event. That's after the World Nuclear Association, anchored a huge group of cross-sector executives to commit to expanding nuclear energy. How huge you ask dear readers? Well it counts Google, Amazon, Meta, Occidental and Dow, 14 major global banks and financial institutions including Goldman Sachs, Morgan Stanley and Bank

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CERAWeek: Alaska LNG Pressing Full Steam Ahead

OilPrice

Alaska's LNG project is back in the spotlight with a new aggressive timeline: first exports by 2030. Bold? Absolutely. Realistic? Yes, according to Governor Mike Dunleavy speaking at CERAWeek. The $44 billion venture would move 3.5 billion cubic feet per day from the North Slope down an 800-mile pipeline to an LNG terminal, shipping out to eager buyers in Asia.

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Confirman derrame de crudo en la Sonda de Campeche

Oil & Gas Magazine

Un derrame de crudo en el complejo Cantarell afecta ms de 10 km en la Sonda de Campeche. Ecologistas y pescadores exigen respuestas a PEMEX y autoridades. A travs de imgenes satelitales, se ha confirmado un derrame de crudo en las inmediaciones del Centro de Procesos Akal-C , parte del complejo Cantarell , ubicado a 86 km de Ciudad del Carmen. Detectado el 3 de marzo , el derrame se extiende ms de 10 kilmetros , causando alarma entre trabajadores petroleros, pescadores y ecologistas.

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Petronas in Talks to Exit Argentina’s Vaca Muerta Shale

OilPrice

Petronas has launched a process to potentially sell its interest in a Vaca Muerta joint venture which would see Malaysias national oil and gas firm exit the Argentinian shale region, sources with knowledge of the matter have told Bloomberg. Petronas has already held discussions with a potential buyer about a sale of its 50% stake in La Amarga Chica joint venture with Argentinas state oil and gas firm YPF, according to one of Bloombergs sources.

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U.S. and Vietnam sign $4-billion energy and minerals deals

Oil & Gas 360º

(Oil Price) –American and Vietnamese companies signed this week several agreements in the energy and minerals sectors estimated to be worth $4.15 billion, as the Southeast Asian country looks to avoid U.S. tariffs and boost cooperation with U.S. firms. Vietnams Trade Minister Nguyen Hong Dien visited the United States this week and held talks with the US Trade Representative Jamieson L.

Energy 130
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Italy’s Grid Operator to Invest $25 Billion to Back Renewables Rise

OilPrice

Italys power grid operator Terna SpA plans to invest more than $25 billion (23 billion euros) over the next ten years to facilitate the integration of renewable energy sources and boost the transport capacity of the grid, the company said on Friday in its 2025-2034 development plan. The investments represent a 10% increase compared to the previous plan.

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Stardust Solar Continues U.S. Growth with New Dallas-Fort Worth, TX Franchise

Oil & Gas 360º

Vancouver, British Columbia–(Newsfile Corp. – March 13, 2025) – Stardust Solar Energy Inc.

Energy 130
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Chinese State Refiners Cut Russian Oil Imports Amid Sanctions Uncertainty

OilPrice

Some state-controlled Chinese refiners have reduced purchases of Russian oil loadings for March as they assess the risks of dealing with sanctioned entities and wait for more clarity about a possible Russia-Ukraine ceasefire and potential U.S. sanctions relief on Russias oil trade.

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Standard Uranium Provides Exploration Update Highlighting Results of Gravity and TDEM Surveys on Three Eastern Athabasca Uranium Projects

Oil & Gas 360º

Vancouver, British Columbia–(Newsfile Corp. – March 13, 2025) – Standard Uranium Ltd.

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Qatar Cuts Prices for Its Oil

OilPrice

Qatar has followed Saudi Arabia in cutting the price of its al-Shaheen crude for May deliveries, Reuters has reported, citing trade sources. Al-Shaheen for delivery in May will now cost $1.29 per barrel above the Dubai benchmarkor less. According to the Reuters sources, Qatar has already contracted four cargos of al-Shaheen for Vitol at a price of $1.17 per barrel above the Dubai benchmark.

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Energy Savings Projects with Singapore Bank to Scale

Oil & Gas 360º

Brisbane, Queensland, Australia–(Newsfile Corp.

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Armenia and Azerbaijan Edge Closer to Historic Peace Agreement

OilPrice

Armenia and Azerbaijan appear to have resolved their differences on two negotiating points, clearing the way for the signing of a peace agreement that would end more than 35 years of conflict. Armenias Ministry of Foreign Affairs announced March 13 that the text of the Peace Agreement has been agreed upon. The statement added that Yerevan had accepted Azerbaijani proposals on the two sticking points that had delayed finalization of the draft treaty for months.

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Braille Energy Systems Inc. Announces Expanded Range of Braille Battery AGM Endurance Batteries

Oil & Gas 360º

BESI also provides update on its Electrafy Partnership with Enercare Home and Commercial Services…

Energy 130
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ADNOC Considers Buying UAE Sovereign Fund’s Energy Assets

OilPrice

Abu Dhabi National Oil Company (ADNOC) has launched talks to potentially buy the energy assets of the UAEs sovereign wealth fund in a deal that could be worth about $10 billion, sources familiar with the plans told Bloomberg on Friday.

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Central Puerto Announces Reporting Date for the Fourth Quarter 2024 Financial Results Conference Call and Webcast

Oil & Gas 360º

Buenos Aires, Argentina–(Newsfile Corp. – March 11, 2025) – Central Puerto S.

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Sectarian Massacre Threatens to Undermine Syria's New Government

OilPrice

Politics, Geopolitics & Conflict Syrias interim president has signed a constitutional declaration in a step towards hoped-for stability post-Assad, but that stability still remains elusive. This week, pro-Assad Allawites in the coastal region ambushed and attacked Syrian security forces, leading to a massacre of hundreds of people, forcing the Allawites to flee across the border into Lebanon, risking that countrys fragile security, as well.

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Stardust Solar Expands U.S. Footprint with New Franchise in South Carolina

Oil & Gas 360º

Vancouver, British Columbia–(Newsfile Corp. – March 11, 2025) – Stardust Solar Energy Inc.

Energy 130
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Russia Sees Global Oil Demand Rising in Summer Driving Season

OilPrice

The next few months will see an increase in global oil demand as fuel consumption will rise in the summer driving season, Russian Deputy Prime Minister Alexander Novak told Reuters, adding that this expected rebound was factored in OPEC+s decision to begin adding supply to the market from April. Oil demand will grow during the driving season, said Novak, who is Russias top oil official and represents the country at the OPEC+ talks and meetings.

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Hillcrest Announces Placement by Strategic Investor

Oil & Gas 360º

Vancouver, British Columbia–(Newsfile Corp.

Energy 130
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Can Oil Prices Overcome Economic Uncertainty?

OilPrice

Crude oil prices faced another volatile week as traders balanced conflicting fundamentals. While supply-side data offered some bullish support, persistent economic concerns, escalating trade tensions, and OPEC+ production plans kept a lid on potential gains. With the market struggling to find clear direction, traders are now looking ahead to next week's key economic and inventory data for fresh catalysts.

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EnergyHub and Eguana Complete Product Integration

Oil & Gas 360º

Partnership enables Eguana platforms to participate in flexibility programs across North America,…

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Other Stories of Interest: Fri, Mar 14, 2025

Marcellus Drilling News

MARCELLUS/UTICA REGION: Northeast gas demand declines, but unaffected by short-lived export tax; NATIONAL: U.S. propane exports have increased every year since 2007; Judge in Mann v. Steyn trial sanctions Mann and his counsel for misconduct; ExIm-backed gas project as threat to America first energy agenda; Natgas key to meeting rising US power demand, FERC chairman.

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Eguana Provides Business Update and Announces Management Changes

Oil & Gas 360º

Calgary, Alberta–(Newsfile Corp. – March 11, 2025) – Eguana Technologies Inc.

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Predict ISO Project Success With Interconnection Queue Probability

Enverus

Leveraging machine learning to determine projects most likely to join the power grid Introduction to ISO Project Success Most projects that enter the interconnection queues never get built. The queues are growing increasingly crowded, and backlogs continue to persist across multiple ISOs. Renewable project developers and investors are wondering: How can I increase my chance of success in the queue?

Energy 130
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Zedcor Achieves Manufacturing Milestone of 25 Towers Per Week and Provides Update on U.S. Expansion and Limited Exposure to Tariffs

Oil & Gas 360º

Calgary, Alberta–(Newsfile Corp. – March 11, 2025) – Zedcor Inc.

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22 New Shale Well Permits Issued for PA-OH-WV Mar 3 – 9

Marcellus Drilling News

For the week of Mar 3 – 9, the number of permits issued in the Marcellus/Utica to drill new shale wells increased by six from the previous week. Last week, 22 new permits were issued, with 13 (more than half) going to the Keystone State (PA). Expand Energy (Chesapeake Energy) scored five permits for a. The post 22 New Shale Well Permits Issued for PA-OH-WV Mar 3 9 first appeared on Marcellus Drilling News.

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