E&P Highlights: March 3, 2025
Here’s a roundup of the latest E&P headlines, from planned Kolibri wells in Oklahoma to a discovery in the Barents Sea.
US Natgas Prices Jump 7% on Record LNG Flows, No German Interest in Nord Stream 2
(Reuters) – U.S. natural gas futures jumped about 7% on Monday on record flows to liquefied natural gas (LNG) export plants and forecasts for higher demand over the next two weeks than previously expected. Traders said that U.S. gas prices also gained support from reports that Germany was not in talks with Russia over a …
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Statement by U.S. Conference of Mayors on Impending U.S. Tariffs on Canada and Mexico
WASHINGTON, March 3, 2025 /PRNewswire/ — In advance of pending tariffs on Canadian and Mexican goods and the potential impact on the American economy, the U.S. Conference of Mayors’ (USCM) Executive Committee passed an emergency resolution today urging the Trump administration to protect and promote trade relations with both countries. Mayors stress that tariffs would inflict severe …
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Trump Says 25% Canada, Mexico Tariffs to Take Effect March 4
Financial markets fell on news that President Donald Trump would enact 25% tariffs on Mexico and Canada and both countries promised to respond.
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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