OilPrice

MARCH 16, 2025

The International Energy Agency just threw a bucket of ice water on oil bulls, reporting that crude supply is outpacing demand by 600,000 bpd and slashing its demand outlook for the year. And the IEA isnt alone. The worlds biggest oil traders are also sounding the alarm, turning bearish as overproduction ramps up both inside and outside OPEC. The industry is over-drilling now, that is clear, Gunvors chairman Torbjrn Trnqvist told Bloomberg in an interview on the sidelines of CERAWeek.

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Rigzone

MARCH 16, 2025

The state-backed company has now announced six upstream start-ups in Chinese waters this year: 3 in the South China Sea and 3 in Bohai Sea.

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Upstream 62

OilPrice

MARCH 16, 2025

Over the past decade, the global energy sector has turned its attention to Latin America thanks to the regions critical role in the ongoing electrification drive. Latin America produces nearly 40% of the worlds lithium supply, and is home to over 65% of global reserves. Unfortunately, LATAM hardly gets a passing mention in another booming industry: Liquified Natural Gas or LNG.

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Rigzone

MARCH 16, 2025

Patrick Allen will succeed the retired John Larsen.

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Energy Energy 62

OilPrice

MARCH 16, 2025

Energy policy is set to take center stage at Australias upcoming federal election, which will be held on or before 17 May 2025. The election will serve as a referendum on nuclear energy, aiming to address the countrys long-term energy needs while tackling rising energy prices and the high cost of living.

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Energy Central

MARCH 16, 2025

Key Role of Local Elected Officials Seen as Lynchpin to Successful New Nuclear Projects Highlighted in ECA Report ECA Conference in Idaho Falls, ID, April 22-24 Growing Number of Universities Commit to Nuclear Energy Projects Amazon, Google, Meta and Dow Back Goal to Triple Nuclear Capacity Key Role of Local Elected Officials Seen as Lynchpin to Successful New Nuclear Projects.

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Energy Energy 59

OilPrice

MARCH 16, 2025

Wave energy could be primed for a swell of progress thanks to open data sharing. While advancements in wave energy have been piecemeal to date, an Australian startup believes that open-sharing principles can revolutionize research and development in the sector, with potentially huge ramifications for decarbonizing global energy grids. Waves contain a huge amount of energy.

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Energy Energy 160

BOE Report

MARCH 16, 2025

Oil prices opened about 1% higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping. Brent futures rose 72 cents or 1.02%, to $71.30 a barrel by 0015 GMT, while U.S. West Texas Intermediate crude futures also rose 72 cents, or 1.

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Egypt Oil & Gas

MARCH 16, 2025

President Abdel Fattah El-Sisi met with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi to address the status of the new exploration and drilling activities, particularly in the Fayoum 5 oil and gas field in the King Mariout area, to enhance Egypt’s oil and gas reserves. During the meeting, Badawi reviewed some agreements recently concluded, aiming to increase exploration activities.

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BOE Report

MARCH 16, 2025

Goldman Sachs has lowered its December 2025 and average 2026 forecasts for Brent and WTI crude oil prices, citing slower oil demand growth prospects and expectations of higher OPEC+ supply, it said in a note dated on Sunday.

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FTQ360

MARCH 16, 2025

The road to First Time Quality (FTQ) in construction is rarely straightforward. Success depends on an adaptable and proactive approach to building and maturing the companys inspection and QAQC systems. To achieve FTQ efficiently and effectively, construction teams must adopt agility - not as a buzzword but as a structured and incremental approach to evolving their quality management process.

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Management 52

Energy Central

MARCH 16, 2025

TotalEnergies and RWE join forces on green hydrogen to decarbonize the Leuna refinery In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed an agreement with the German developer RWE to supply 30,000 tons a year of green hydrogen to the German Leuna refinery for fifteen years, beginning in 2030.

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Refinery IT 52

Egypt Oil & Gas

MARCH 16, 2025

In alignment with Egypt’s petroleum sector’s social responsibility strategy and its commitment to community development, the Ministry of Petroleum and Mineral Resources (MoPMR) has inaugurated the development and rehabilitation projects of the villages of Aleppo, Khaled bin Al-Walid, and Abu Masoud in Alexandria. Amerya Petroleum Refining Company (APRC), Egyptian Projects Operation and Maintenance (EPROM) Company, in cooperation with the Orman Association have raised the efficiency a

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Iraq Business News: Oil & Gas

MARCH 16, 2025

By John Lee. Iraq's Oil Pipelines Company has held discussions with the General Company for Iraqi Ports to enhance cooperation in developing the Ministry of Oil's berths. The meeting in Basra was led by Ali Abdul Karim Al-Moussawi, Director General of the Pipeline Company, and Dr. Farhan Al-Fartousi, Director General of the Ports Authority. The talks focused on improving loading capacity and efficiency at Khor Al-Zubair Port, specifically the rehabilitation of berths 2, 3, and 4.

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Egypt Oil & Gas

MARCH 16, 2025

Minister of Petroleum and Mineral Resources Karim Badawi met with Hilde Klemetsdal, Norway’s Ambassador to Egypt; Terje Pilskog, CEO of the Norwegian company Scatec, and the accompanying delegation. The meeting reviewed ways to enhance cooperation between the oil and gas sector and the Norwegian company in the field of green energy. This is in light of the joint project currently being implemented to produce green ammonia in Damietta Governorate.

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Iraq Business News: Oil & Gas

MARCH 16, 2025

By Tomer Raanan for Lloyd's List. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Over half of LPG cargoes claiming Iraqi origin may actually be Iranian LPG carriers' widespread use of manipulated AIS signals to simulate loadings in Iraq means insurers, flags, and other providers and counterparties may want to conduct extra due diligence on certain gas tankers claiming to have called in Iraq.

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Egypt Oil & Gas

MARCH 16, 2025

Under the patronage of Minister of Petroleum and Mineral Resources Karim Badawi , the workers at the Abu Madi site in the Nile Delta celebrated the golden jubilee marking 50 years of oil and gas contribution to the region. Khaled Mowafi, Chairman and Managing Director of Belayim Petroleum Company (PETROBEL), expressed his happiness to be present at this special event, celebrating the golden jubilee of the establishment of the Abu Madi station, which is considered one of the leading stations for

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Energy Central

MARCH 16, 2025

INL is Microreactor Central for Testing Designs and Fuels Serial Deployment of SMRs Will Bring Down Their Costs Newcleo and Denieli to Use Nuclear Energy to Produce “Green Steel” Newcleo Plans MOX Fuel Center for Its Advanced Reactor Thorizon Secures €20M to Advance Molten Salt Reactor Development Rostom has Eight RITM-200 Reactors in Production.

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Egypt Oil & Gas

MARCH 16, 2025

The CEO of the Petroleum Engineering and Development Company (PEDEC) Nasrollah Zarei announced that the launch of the first phase of the crude oil processing unit at the South Azadegan joint field will be soon to start production, according to Shana. He emphasized the importance of the South Azadegan processing project, noting that its capacity amounts to 320,000 barrels per day (b/d).

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PetroSync

MARCH 16, 2025

Crude oil is one of the world’s most valuable commodities, having huge economic implications. Investors, dealers, and industry experts must consequently be familiar with crude oil futures. Crude oil futures are agreements to buy or sell crude oil at a certain price on a future date. These futures contracts are useful for hedging against oil [.

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Egypt Oil & Gas

MARCH 16, 2025

Fulkrum, a global leader in inspection, expediting, auditing, and technical staffing services, announced the successful completion of its vendor surveillance work for Shells pioneering Penguins project. Fulkrums work scope was focused on ensuring the quality and compliance of equipment manufactured for the project, conducting extensive vendor surveillance across multiple locations.

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BOE Report

MARCH 16, 2025

Once the United States has imposed tariffs on its major trading partners it could engage in bilateral talks with countries on new trade arrangements, Secretary of State Marco Rubio said on Sunday. U.S.

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CNBC: Energy

MARCH 16, 2025

EV charging companies are fundamental to adoption of electrical vehicles. As President Trump seeks federal funding cuts for EVs, the industry is under threat.

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