OilPrice
MARCH 13, 2025
China just achieved another milestone breakthrough for nuclear fusion technology, bringing the country closer to achieving its goal of commercial nuclear fusion by 2050. This week scientists announced that the nations Experimental Advanced Superconducting Tokamak (EAST), achieved a sustained temperature of 100 million degrees Celsius, shattering previous records and bringing nuclear fusion closer to reality.
POWER Magazine
MARCH 13, 2025
The SHINES project, or Showcasing Hydrokinetic energy Innovations for Northwest European Energy Sovereignty, is underway, bringing together 14 partners from France, Ireland, Belgium, the Netherlands, Switzerland, and Germany. Co-financed by […] The post SHINES Project Will Harness Tidal, River Energy in European Region appeared first on POWER Magazine.
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OilPrice
MARCH 13, 2025
The warm temperatures in Europe from earlier this week will abruptly shift to freezing conditions in the weekend and next week, testing Europes renewable power generation and low natural gas stocks. While this week most of Europe has seen so far temperatures as high as 20 C (68F), an Arctic blast will send temperatures and wind speeds plummeting, in a late-winter test for Europes energy systems.
POWER Magazine
MARCH 13, 2025
Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, accurate forecasting […] The post AI-Powered Energy Forecasting: How Accurate Predictions Could Save Your Power Company appeared first on POWER Magazine.
OilPrice
MARCH 13, 2025
The Ukrainian military is testing new drones using fiber optics on the front line against Russian forces. The low-flying drones are tied to the ground via thin fiber-optic cables that unwind as the drone flies farther from the controller.Unlike radio-controlled drones, fiber-optic drones cannot be jammed by opposing forces using "electronic warfare.
Marcellus Drilling News
MARCH 13, 2025
Multiple speakers at this week’s CERAWeek by S&P conference in Houston have predicted that demand for natural gas will continue to see record highs due to AI (artificial intelligence) and more LNG export facilities coming online. However, the speakers caution that while we have plenty of supply to meet the higher demand, we don’t have.
OilPrice
MARCH 13, 2025
Guyanas government has officially yanked the plug on the Frontera-CGX joint venture, canceling its oil prospecting license for the Corentyne block. The writing had been on the wall since February, when officials gave the JV a 30-day warning. Now, its official. The Corentyne block was supposed to be a much-needed diversification play in Guyanas oil scene, which is basically ExxonMobils playground.
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OilPrice
MARCH 13, 2025
The major oil producers in the Middle East are exporting record volumes of refined petroleum products, reducing the overall impact of their crude production cuts on the market, Reuters reports, citing flow-tracking data and analysts. OPEC+ producers have been curtailing crude oil production and supply for years, aiming to balance and stabilize the market, as it repeatedly says.
Malcolm Graham Wood
MARCH 13, 2025
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.
OilPrice
MARCH 13, 2025
This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says. OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website. The agency shifted its position that investments are needed at some point between 2018 and 2021.
Marcellus Drilling News
MARCH 13, 2025
Yesterday, Pennsylvania Governor Josh Shapiro visited the site of an orphaned well being plugged in Washington County, PA, to celebrate and toot his own horn that this is the 300th orphaned well plugged since he became governor in January 2023. There’s nothing wrong with that, except during the same 2+ years, Ohio has plugged at. The post PA Gov Shapiro Puffs His Chest to Announce Plugging 300 Old Wells first appeared on Marcellus Drilling News.
OilPrice
MARCH 13, 2025
Qatar is set to supply Syria with natural gas via Jordan with Washington's approval, Reuters has reported. Qatar was one of the fiercest opponents of the deposed Bashar al-Assad and one of the strongest supporters of the rebels-turned rulers currently in charge. The gas would be transferred from Jordan via a pipeline to the Deir Ali power plant in southern Syria, where it could boost power supply by up to 400 megawatts.
Enverus
MARCH 13, 2025
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.
OilPrice
MARCH 13, 2025
The mass layoffs of federal employees is leaving the process of critical energy projects permitting understaffed and slowed in various oil-producing U.S. areas, Reuters reports, quoting agency representatives and state officials. The newly created Department of Government Efficiency (DOGE), led by Elon Musk, is axing the federal workforce on a mass scale.
Oil & Gas 360º
MARCH 13, 2025
(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. The gross purchase price is $125 million, subject to customary closing adjustments, and includes an initial approximate $100 million payment upon delivery by the end of first quarter 2025.
OilPrice
MARCH 13, 2025
With the CERAWeek 2025 conference in Houston drawing to a close, C-Suite executives, ministers and top officials have weighed in on the trajectory of the global oil and gas sector with experts debating whether tariffs, trade, and competition will replace security, affordability, and sustainability in shaping energy markets and policy.
Oil & Gas 360º
MARCH 13, 2025
(Oil Price) –Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. Longer term projections point to capital expenditure (capex) hitting a decade-high of $54 billion in 2030, thanks to fresh final investment decisions (FIDs), the chamber said in its State of African Energy 2025 Outlook Report.
OilPrice
MARCH 13, 2025
Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. Longer term projections point to capital expenditure (capex) hitting a decade-high of $54 billion in 2030, thanks to fresh final investment decisions (FIDs), the chamber said in its State of African Energy 2025 Outlook Report.
Oil & Gas 360º
MARCH 13, 2025
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.
OilPrice
MARCH 13, 2025
Despite the expected rise in OPEC+ production in April, Saudi Arabia is set to ship significantly lower crude oil volumes to China next month to levels not seen in over a year, Reuters reported on Thursday, quoting trade and industry sources. Spring maintenance at some large state-controlled refineries in the worlds top crude oil importer is the key reason for the low volumes that Saudi Arabia has allocated for April.
Marcellus Drilling News
MARCH 13, 2025
OTHER U.S. REGIONS: Cheniere wins FERC approval for Texas LNG expansion; NATIONAL: CERAWEEK Occidental Petroleum sees US oil output peaking in next five years; EPA eliminating environmental justice jobs; USA tariffs prompt criticism at Houston energy industry gathering; Polar vortex could bring cold blast to millions across US, AccuWeather says; Williams eyes expanding natural gas.
OilPrice
MARCH 13, 2025
Crude oil prices dipped today, despite expectations for strong demand following the U.S. Energy Information Administrations latest inventory report that showed a more sizable draw than expected. At the time of writing, Brent crude was trading at $70.87 per barrel, with West Texas Intermediate at $67.55 per barrel, both down from Wednesday. The Energy Information Administration reported a crude oil stock build of 1.
BOE Report
MARCH 13, 2025
Calgary, Alberta–(Newsfile Corp. – March 13, 2025) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” or the “Company”) is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2024.
OilPrice
MARCH 13, 2025
A new round of sanctions targeting Irans oil industry and the countrys oil minister boosted oil prices earlier today, offsetting the negative effect of the International Energy Agencys latest monthly report, released Thursday. At the time of writing, Brent crude was trading at $70.33 per barrel and West Texas Intermediate was changing hands for $67.02 per barrel, slightly up on both Thursday and the beginning of the weekly session.
Cisco: Oil & Gas
MARCH 13, 2025
AI is transforming business communication, offering Cisco partners opportunities to enhance collaboration, improve customer experiences, and drive efficiency. Shift from technology providers to transformation enablers with Cisco's AI solutions.
OilPrice
MARCH 13, 2025
Data centers and liquefied natural gas exports are set to keep natural gas demand in the United States at a record high this year and next, energy executives said at CERAweek. Infrastructure shortages, however, could make growth problematic. We have the gas, we just don't have the pipelines to get it to places, so now you see a situation where it doesn't matter how much we produce, EQTs Toby Rice told Reuters on the sidelines of the event in Houston.
BOE Report
MARCH 13, 2025
CALGARY, AB, March 13, 2025 /CNW/ –Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) announces its operating and financial results for the threemonths and year ended December 31, 2024.
OilPrice
MARCH 13, 2025
India boosted imports of non-Russian crude supply in February amid concerns and uncertainties over Russian oil following the U.S. sanctions from early January. Since the Russian invasion of Ukraine and the bans on Russian oil in the West, India has become a key buyer of Russian crude, alongside China. Russia, for its part, became the single biggest oil supplier to India, the worlds third-largest oil importer.
Cisco: Oil & Gas
MARCH 13, 2025
Today, were introducing the next phase in data center modernization: the 8th generation Cisco UCS C-Series and Cisco UCS X-Series servers powered by Intel Xeon 6 processors.
BOE Report
MARCH 13, 2025
Record 2024 exit volumes of 41,908 boe/d(2) and Q4/24 production of 41,051 boe/d (82% oil and liquids) Adjusted Funds Flow(1) of $2.10/share or $380.1 million in 2024 and $0.64/share or $129.2 million in Q4/24 39% current free funds flow yield(1)(15) based on $133.8 million ($0.74/share) of free funds flow(1) generated in 2024 $5.
Oil & Gas Magazine
MARCH 13, 2025
Pemex advierte que el agotamiento de yacimientos convencionales exige considerar produccin en no convencionales. Mxico depende hasta en 97% del gas de EE.UU., lo que afecta su seguridad energtica. El director de Pemex, Vctor Rodrguez Padilla, destac en el foro Produccin de Hidrocarburos en Yacimientos No Convencionales que la declinacin acelerada de los yacimientos convencionales obliga a Mxico a explorar nuevas opciones para garantizar la produccin petrolera en el futuro.
Offshore Engineer
MARCH 13, 2025
Argentina's energy company YPF wants to speed up a divestiture plan that includes selling controlling stakes in offshore exploration projects in Argentina and Uruguay
CNBC: Energy
MARCH 13, 2025
MoonPay, a leading crypto payments company, has acquired Iron, an API-driven startup specializing in stablecoin infrastructure.
Energy Central
MARCH 13, 2025
Hydrogen | Closing the Cost Gap [link] Finance for the Green Economy
BOE Report
MARCH 13, 2025
Engaging Articles of the Week Thank heavens for the oddballs that make their way in the world by interpreting the tea leaves correctly, by spending the time to notice and flag important things that fly under the radar. Take this example with respect to a recent White House publication, the America First Investment Policy.
Oil & Gas Magazine
MARCH 13, 2025
Se espera que la propiedad de Vehculos Elctricos en los jvenes aumente del 23% actual a ms del 35% en la prxima dcada Una encuesta realizada por Economist Impact, patrocinada por Nissan, inform acerca de las futuras opciones que los jvenes residentes en ciudades importantes prefieren para su movilidad. Los resultados, basados en las respuestas de 3 mil 750 participantes de entre 18 y 30 aos, en 15 ciudades de los cinco continentes (Bangkok, Copenhague, Londres, Los ngeles, Manila, Melbourne, Ciu
Rigzone
MARCH 13, 2025
A bearish economic outlook, coupled with rising supply and geopolitical shifts, pushed oil prices lower.
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