E3 Lithium Gets Green Light for Clearwater Phase 2
Phase 2 of the direct lithium extraction project involves drilling a production and injection well pair to confirm Leduc Aquifer flow rates and reservoir characteristics.
Glenfarne, Posco Form Strategic Partnership for Alaska LNG
Glenfarne and Posco International’s steel and LNG supply deal marks the first heads of agreement for the 20-mtpa Alaska LNG project.
Viridien, Mantle8 Form Natural H2 Exploration Partnership
The partnership is focused on hydrogen exploration across Europe, Middle East and Africa.
Viking Minerals Closes Sixth Fund at $40MM
Viking Minerals closed on its sixth investment fund with $40.58 million in capital.
Texas Data Center JV Signs LOI with Mawgan for Power Supply
Texas Critical Data Centers signed a letter of intent with Mawgan Capital for a natural gas-based power generation system and decarbonization solution at its planned data center in Ector County, Texas.
EU Sticks to 2028 Russian Gas Exit After Talks With US Energy Chief
The EU is sticking to its deadline to phase out Russian oil and gas imports by 2028, EU Energy Commissioner Dan Jorgensen said on Thursday after a meeting with U.S. Energy Secretary Chris Wright. The EU is negotiating legal proposals to completely phase out imports of Russian oil and gas by January 1, 2028, with …
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Crude Oil to be Driven Longer-Term by Supply-Demand Mismatch, Geopolitics: Russell
The global crude oil market is facing two long-term fundamental shifts that will change how cargoes flow around the world and how they are priced. The first factor is a supply and demand issue, with the vast majority of demand growth concentrated in Asia but the supply growth largely coming from the Americas outside of …
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Saudi Crude Oil Supply to China Set to Surge in October, Trade Sources Say
(Reuters) – Saudi Arabia’s crude oil exports to China are set to surge in October after a deep cut in prices, several trade sources said on Thursday. State oil company Saudi Aramco will ship about 51 million barrels to China in October, about 1.65 million barrels per day (bpd), a tally of allocations to Chinese refiners …
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Europe Succumbs to US ‘Energy Dominance’ at Its Own Risk
Ron Bousso Summary US presses Europe to cut Russian energy purchases Interior secretary says US can replace Russian gas volumes But that would increase US share of EU’s LNG imports to over 70% (Reuters) – It may appear quite audacious for the world’s largest natural gas producer to demand that its biggest market stop buying …
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World Oil Market to See Higher Supply, Surplus after OPEC+ Hike, IEA Says
Summary IEA expects global supply to rise by 2.7 million bpd in 2025 Raises demand growth forecast this year to 740,000 bpd Implied surplus to exceed 3 million bpd in 2026 OPEC forecasts due later on Thursday LONDON, Sept 11 (Reuters) – World oil supply will rise more rapidly than expected this year as OPEC+ …
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