OilPrice
MARCH 10, 2025
BP boss Murray Auchincloss has defended the companys move to increase fossil fuel production and ditch its renewable energy commitments. Auchincloss is under mounting pressure from BP investors, who are frustrated at the oil majors underperforming share price. The executive unveiled plans for a fundamental reset two weeks ago, which included ditching a series of green energy targets set out five years ago.
Marcellus Drilling News
MARCH 10, 2025
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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OilPrice
MARCH 10, 2025
U.S. shale producers could increase production even if oil prices fell to $50 per barrel as the sector continues to innovate and boost efficiency gains, U.S. Secretary of Energy Chris Wright told the Financial Times. The shale industry can sustain a lower price of oil, according to Wright, a former boss at fracking firm Liberty Energy. New supply is going to drive prices down.
Marcellus Drilling News
MARCH 10, 2025
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.
OilPrice
MARCH 10, 2025
Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev. From 2017 until the forced removal of President Bashar al-Assad of Syria, Moscows extensive energy operations in the KRI provided it with very cheap oil and gas supplies and were also an integral part of its growing geopolitical presence on the western flank of the Middle East.
Marcellus Drilling News
MARCH 10, 2025
This morning, Diversified Energy, FuelCell Energy, and TESIAC announced a strategic partnership “intended to address the urgent energy needs of data centers” by supplying as much as 360 megawatts (MW) of electricity to three distinct locations in Virginia, West Virginia, and Kentucky. The partnership has agreed to create an Acquisition and Development Company (ADC), essentially.
OilPrice
MARCH 10, 2025
Oil markets have kicked off the new week on the back foot with the oil price selloff deepening amid a raft of bearish catalysts. Brent crude for May delivery fell 1.38% to trade at $69.39 per barrel at 1.44 pm ET on Monday, while WTI crude for April delivery declined 1.37% to change hands at $66.12 per barrel. The oil price decline comes as a reversal after crude oil futures rose sharply on Friday but still finished with another week of losses thanks to OPEC's decision to go ahead with productio
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OilPrice
MARCH 10, 2025
Global trade in fossil fuels peaked in 2017 and is set to decline as nations seeking energy security accelerate investments in renewable energy and nuclear power, Carlyle Groups Jeff Currie wrote in a research note Monday. Whereas Currie does not expect fossil fuels to go out of the picture any time soon, he argues that fossil fuel imports are easier to block than wind and solar sources.
Malcolm Graham Wood
MARCH 10, 2025
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.
OilPrice
MARCH 10, 2025
Russian soldiers used a natural gas pipeline to launch an attack on Ukrainian forces in the Russian region of Kursk and push them out of three more local settlements, media have reported. Citing a Russian war blogger, publications reported that the soldiers walked some 10 miles inside the pipeline to reach their destination. According to Euronews, which cited Ukrainian government sources, some of the soldiers spent several days in the pipeline before reaching the town of Sudzha where the attack
Energy Voice
MARCH 10, 2025
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.
OilPrice
MARCH 10, 2025
Demand forecasts for certain metals and minerals dubbed critical are so upbeat that one would expect the companies involved in the extraction of these minerals would be pouring billions in expansion. But they are not. In fact, miners have reduced investments in the past two years. The Financial Times reported, citing data from S&P Capital IQ, that spending in the mining sector has fallen for two years in a row, in 2023 and 2024, reaching $12.5 billion last year, which was down by 6% on the prior
BOE Report
MARCH 10, 2025
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.
OilPrice
MARCH 10, 2025
The United States will seek a commitment from Ukraine to a ceasefire process when top officials meet in Saudi Arabia this week to discuss possible pathways to end the war. Ukrainian President Volodymyr Zelenskyy will be meeting U.S. Secretary of State Marco Rubio and other senior U.S. officials in Saudi Arabia after days of intense negotiations following the public shouting match between the U.S. and Ukrainian Presidents at the White House meeting at the end of February.
Oil and Gas Lawyer
MARCH 10, 2025
The Delaware Mountain Group is a group of formations including the Bell Canyon, Cherry Canyon and Brushy Canyon formations, deposits in ancient canyons filled in over the ages, and are productive of oil and gas. These formations lie above parts of the Wolfcamp formation in the Permian Basin. Disposal of produced water in the Permian has become a big problem, and the Texas Railroad Commission has granted permits for disposal wells that inject produce water into depths within the Delaware Mountain
OilPrice
MARCH 10, 2025
Kazakhstan will reduce the flow oil crude via the Caspian Pipeline Consortium by as much as 70% this month, a senior government official told local media. To date, there have been no reductions in oil transportation through the CPC infrastructure from Kazakhstan. The lion's share of Kazakhstan's oil exports goes through this pipeline. However, in March, oil supplies through CPC will be reduced by 70 percent from our volume, Deputy Energy Minister Alibek Zhamauov said, as quoted by news outlet Tr
Oil & Gas 360º
MARCH 10, 2025
(Oil & Gas 360) – Collaboration provides powerful, centralized solution to understand and manage injection-induced seismicity Denver, Colorado March 5, 2025 – B3 Insight, a leader in water and subsurface data intelligence, and Nanometrics, a leader in complete, integrated solutions for passive seismic monitoring, today announced a partnership that enables seamless integration of Nanometrics Seismicity Monitoring Service data with B3 Insights OilfieldH2O platfor m.
OilPrice
MARCH 10, 2025
Abu Dhabis national oil company ADNOC is considering an initial public offering of its newly-created energy investment firm XRG on a stock market outside the United Arab Emirates, in what could be one of the worlds biggest IPOs ever, Reuters reports, citing sources with knowledge of the plans. ADNOC announced the creation of XRG at the end of last year and the company, an energy investment firm focused on low-carbon energy solutions and chemicals, begins operations this quarter.
Oil & Gas 360º
MARCH 10, 2025
(Oil & Gas 360) Projects aim to be responsive to the energy needs of data centers by offering an abundant supply of operational power within two years Projects target the provision of on-site, continuous, and scalable power generation, and securing data center uptime even in volatile market conditions The partnership would involve innovative capital structuring coupled with environmental credit cash flow generation from the fuel cell platforms and coal mine methane (CMM) Clean fuel cell tech
OilPrice
MARCH 10, 2025
Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months. Shandong Yulong Petrochemical started up its first crude processing unit of 200,000 bpd in September 2024.
Oil & Gas 360º
MARCH 10, 2025
Summary: Texas Window Store of Austin has partnered with Marvin as an authorized dealer, expandin…
OilPrice
MARCH 10, 2025
Operations at Saudi Arabias Jafurah shale gas field the countrys largest unconventional non-oil associated gas site and arguably one of the biggest outside the U.S. will begin this year, according to a comment last week from Saudi Aramcos president and chief executive officer, Amin Nasser. The oil and gas giant added that Phase 1 is expected to produce 200million standard cubic feet per day(Mscfd) of gas this year, with the figure set to rise to 2 billion standard cubic feet per day (Scfd) by
Oil & Gas 360º
MARCH 10, 2025
St. Albert, Alberta–(Newsfile Corp. – March 5, 2025) – Enterprise Group, Inc.
OilPrice
MARCH 10, 2025
Whitecap Resources and Veren have agreed to merge in a US$10.4 billion (C$15 billion) deal that will create a leading Canadian light oil and condensate producer, the companies said on Monday. The firms announced that they had entered into a definitive business combination agreement to combine in an all-share transaction valued at approximately US$10.4 billion (C$15 billion), inclusive of net debt.
Oil & Gas 360º
MARCH 10, 2025
Vancouver, British Columbia–(Newsfile Corp.
OilPrice
MARCH 10, 2025
Vietnam risk losing $13 billion in renewable energy investment if the government proceeds with plans to retroactively slash feed-in-tariffs for wind and solar projects, a group of investors have warned in a letter seen by Reuters. Vietnam has seen a boom in solar PV and wind power installations in recent years, becoming a leader in Southeast Asia, also thanks to the generous feed-in-tariffs for renewable energy projects.
Oil & Gas 360º
MARCH 10, 2025
Calgary, Alberta–(Newsfile Corp. – March 4, 2025) – Baytex Energy Corp.
OilPrice
MARCH 10, 2025
Indias thermal coal imports are estimated to have dropped in February, for the sixth consecutive month, amid higher domestic production and muted demand growth from industry and power generation. Indias imports of thermal coal, the type of coal used for power generation, dipped by 15.3% to 12.16 million metric tons last month, according to data from Indian consultancy Bigmint cited by Reuters.
Oil & Gas 360º
MARCH 10, 2025
Calgary, Alberta–(Newsfile Corp. – March 4, 2025) – Baytex Energy Corp.
Marcellus Drilling News
MARCH 10, 2025
MARCELLUS/UTICA REGION: Enbridge to invest CAD 100 million in T15 project in NC; NATIONAL: Payroll in USA oil and gas totals $168 billion in 2024; States dangle incentives and loosen laws to attract power plants; EPA says spending items greater than $50,000 must get approval from DOGE; ADNOC seeks to buy first gas fields in. The post Other Stories of Interest: Mon, Mar 10, 2025 first appeared on Marcellus Drilling News.
Oil & Gas 360º
MARCH 10, 2025
Calgary, Alberta–(Newsfile Corp. – March 4, 2025) – Blacksteel Energy Inc.
Enverus
MARCH 10, 2025
February brought significant congestion risks and extreme weather events to the MISO market, testing the resilience of the grid and the accuracy of market forecasts. Enverus analysts closely monitored key congestion drivers, identifying major risks ahead of time and delivering actionable insights to traders. From predicting congestion on critical transmission paths like GIBS-FRCS and PRES-TIBB to outperforming the ISO load forecast during the February cold snap, our expert analysis provided a co
Oil & Gas 360º
MARCH 10, 2025
Calgary, Alberta–(Newsfile Corp. – March 4, 2025) – Cardinal Energy Ltd.
Enverus
MARCH 10, 2025
The following blog is distilled from Intelligence Research (EIR) publications and EIRs very own Andrew Dittmars media statements on the Diamondback acquisition. With U.S. upstream M&A reaching $105 billion in 2024the third highest as recorded by Enverusthe market shows no signs of slowing down, with high price tag deals being driven by the scarcity of high-quality inventory.
Oil & Gas 360º
MARCH 10, 2025
Vancouver, British Columbia–(Newsfile Corp.
Oil & Gas Magazine
MARCH 10, 2025
Esta financiacin se enmarca en la estrategia europea para reducir la dependencia de la Unin Europea de las importaciones de combustibles fsiles y acelerar la transicin hacia fuentes de energa con bajas emisiones de carbono El Banco Europeo de Inversiones (BEI) y Orano, una empresa francesa que se dedica a la minera de uranio y al apoyo de las operaciones nucleares han anunciado la firma de un acuerdo de prstamo de 400 millones de euros destinado a financiar una parte de las inversiones en el pro
Oil & Gas 360º
MARCH 10, 2025
Vancouver, British Columbia–(Newsfile Corp. – March 4, 2025) – Canter Resources Corp.
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