Valeura Boosts Production, Finds New Targets in Gulf of Thailand
Valeura Energy Inc. has boosted production after drilling three development wells and two appraisal wells in the Gulf of Thailand.
Venture Global Asks FERC to Open Next Plaquemines LNG Block
The additional train start-up of Venture Global’s Plaquemines LNG facility would bring the overall project halfway to completion.
Whitewater Management Buys Permian’s Orion Water Solutions
Whitewater Management is buying Orion Water Solutions for an undisclosed amount to expand its wastewater treatment offerings.
Trump to Decide US Tariff Levels on Mexico, Canada as Tuesday Deadline Approaches
(Reuters) – U.S. President Donald Trump is expected to decide on Monday what levels of tariffs he will impose early on Tuesday on Canada and Mexico amid last-minute negotiations over border security and efforts to halt the inflow of fentanyl opioids. Trump has vowed to impose 25% tariffs on all imports from Canada and Mexico, …
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Germany Not in Talks Over Nord Stream 2 Gas Pipeline Revival
BERLIN, March 3 (Reuters) – Germany’s energy independence from Moscow is crucial and it is not in talks with Russia over a “possible pipeline-based supply of Russian gas” via the partly damaged Nord Stream 2 pipeline, the economy ministry said on Monday. The ministry was responding to a weekend report in the Financial Times that …
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Most U.S. LNG Exports Head to Europe Amidst Cold Weather and Strong Prices
By Curtis Williams Most U.S. LNG exports in February went to Europe European prices remain elevated, attracting U.S. exports U.S. begins to benefit from Plaquemines LNG export plant startup HOUSTON, March 3 (Reuters) – Europe soaked up most U.S. liquefied natural gas (LNG) exports for the second straight month in February, as cold weather and …
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OPEC’s Oil Output Rises to One-Year High Before Planned Revival
By Grant Smith, Julian Lee, and Bill Lehane OPEC’s crude production rose to the highest level in more than a year ahead of the group’s planned supply revival, driven by gains in Iraq, Venezuela and the United Arab Emirates. Output increased by 240,000 barrels a day last month to a daily average of 27.35 million …
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Advanced Tech Not Delivering Results? Get Skillsets Up to Speed, EY Says
The EY Future of Energy Survey found that a skill gap runs across the oil and gas industry, making it difficult for advanced technologies to deliver on their promised results, an EY executive said.
Williams Starts Work on Overthrust Pipeline Expansion
The extra capacity from the MountainWest Overthrust Pipeline expansion project will help deliver natural gas to the West Coast.
What’s Affecting Oil Prices This Week? (March 3, 2025)
For the upcoming week, Stratas Advisors expects oil prices to continue bouncing around but overall trend upward.