Tag Archive for: energy

Kazakhstan discussed energy cooperation with the US, highlighting its role as a major producer supplying about 2% of global oil.

U.S. and Kazakhstan discuss expanded energy cooperation

Kazakhstan’s energy ministry said it recently held talks with the U.S. Department of Energy and the U.S. Embassy in Kazakhstan focused on energy cooperation. According to the ministry, the discussions covered advancing Kazakhstan’s strategic priorities in the oil and gas sector. Kazakhstan is a major producer, accounting for about 2% of daily global oil supply.

The update comes as Kazakhstan’s output has been affected by operational disruptions in recent weeks, including a temporary 7–10 day outage at the Tengiz field. The ministry also referenced drone strikes that impacted tankers and onshore infrastructure tied to the Caspian Pipeline Consortium (CPC), a key export route that carries much of Kazakhstan’s crude for loading at Russia’s Novorossiysk port. U.S. companies, including Chevron and ExxonMobil, have significant stakes in Kazakhstan’s oilfields—an example of how cross-border ties can matter for supply reliability and market conditions (see Ranger’s overview of oil and gas price volatility drivers).

Separately, Kazakhstan’s ministry noted Washington has been working to deepen ties with Kazakhstan in recent months, adding broader context to the energy discussions.

Source: Oil & Gas 360
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DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
US Energy Secretary Chris Wright said that the world needs to more than double its oil production to bring more people out of energy poverty.

U.S. energy secretary urges major rise in global oil output

U.S. Energy Secretary Chris Wright said the world needs to more than double oil production, arguing that higher supply is critical to expanding access to reliable, affordable energy. Speaking at the World Economic Forum in Davos, Wright framed the issue as an “energy poverty” challenge and suggested global oil demand will remain durable for decades.

Wright also discussed how policy and regulatory frameworks can affect energy investment and cross-border energy trade, including requirements tied to emissions monitoring and reporting. He pointed to the scale of today’s market as context for his remarks, noting that global supply is already above 100 million barrels per day and that the U.S. has expanded production and export capacity in recent years. For additional context on U.S. output trends, see Ranger’s updates on recent EIA production forecasts and record onshore production on federal lands.

Source: Upstream
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
The surge in AI use and the data centers are set to boost power demand from data centers by 500% by 2040, UAE minister Al Jaber said.

Oil, gas seen supplying most power growth from data centers

Hydrocarbons are expected to provide roughly three-quarters of the projected rise in electricity demand from data centers as AI use expands and more facilities are built, according to comments from ADNOC CEO Sultan Al Jaber at Abu Dhabi Sustainability Week. He cited an estimate that power demand from data centers could increase by about 500% by 2040, and said oil and natural gas are likely to remain central to meeting that growth for decades.

Al Jaber also pointed to significantly higher infrastructure spending needs, saying the scale-up of AI and data center development is lifting global energy investment requirements to around $4 trillion per year, including funding for grids, data centers, and multiple energy sources. For additional context on how AI-related load is influencing the power market, see U.S Natural Gas Power Is Booming Thanks to AI and Texas approves $13.8B plan for Permian Basin grid.

Source: OilPrice.com
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Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
BP names Exxon veteran Meg O’Neill CEO, first woman to lead an oil major as company looks to reinvigorate its fossil-fuels business

BP’s new CEO is an American defender of oil and gas

For years, Meg O’Neill clashed with environmentalists as chief executive of one of Australia’s biggest energy companies. Now she has been tapped to lead BP BP -1.20%decrease; red down pointing triangle and steer the company back to its oil-and-gas roots.

BP named the American former Exxon Mobil XOM -0.96%decrease; red down pointing triangle executive as its new boss in an unexpected management shake-up Wednesday. She is set to take the helm of a storied yet often troubled energy producer that is aiming to reinvigorate its fossil-fuel business after an ill-timed turn toward renewable energy.

O’Neill, who is set to join the London-based company from Australia’s Woodside Energy WDS -2.65%decrease; red down pointing triangle in April, is a dealmaker who is willing to go to bat for the oil-and-gas business. She will be the first woman to lead an oil major.

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Source: The Wall Street Journal

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Energy Secretary Chris Wright said the US is prepared to sell more oil and natural gas to China if Beijing cuts back on purchases from Russia.

USA Energy Sec says USA is ready to sell more oil, gas to China

Chris Wright, the USA Energy Sec is saying that the US is ready to sell more oil and natural gas to China if Beijing reduces its purchases from Russia.

“There’s so much space for mutually beneficial deals between the US and China,” Wright said Thursday during a Bloomberg Television interview, noting that the US is the world’s largest oil and gas exporter, while China is the biggest importer.

The energy secretary plans to travel to Asia within weeks, or possibly sooner, following President Donald Trump trip to the continent this week.

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Source: Rigzone

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India plans to boost US oil and gas imports to diversify energy sources amid U.S. criticism of its Russian oil buys.

India seeks to import more US oil and gas under pressure from Trump to stop Russian oil purchases

India seeks to import more US oil and gas and to step up purchases of crude oil and natural gas from the U.S. as it diversifies its energy supplies and confronts criticism by U.S. President Donald Trump over its imports of discounted Russian oil.

Trump said Wednesday that Indian Prime Minister Narendra Modi had personally assured him his country would stop buying Russian oil, in a move that might add to pressure on Moscow to negotiate an end to the war in Ukraine.

“There will be no oil. He’s not buying oil,” Trump said. The change won’t take immediately, he said, but “within a short period of time.”

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Source: AP News

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Texas approves major grid plan for the Permian Basin, including potential first-ever 765-kV lines to meet soaring demand.

Texas approves $13.8B plan for Permian Basin grid

USA, Texas: Texas regulators have approved a sweeping reliability plan for the Permian Basin to address soaring electricity demand driven by oil and gas production, data centres, and industrial growth. The plan could see the state’s first 765-kV transmission lines built to import power from other regions, marking a milestone in Texas grid development. Let’s talk more about Texas approves $13.8B plan.

The Public Utility Commission of Texas (PUC) directed transmission service providers to begin preparing applications. It is for eight new import paths into the Permian Basin– five 345-kV and three 765-kV routes. A final decision on whether to move forward with 765-kV construction is expected by May 1.

“These would be the first 765-kV lines ever built in Texas. Some of the first in the US,” said Doug Lewin, President of Stoic Energy. Commissioner Jimmy Glotfelty added that higher-voltage lines could save $100–300 million annually. This is in congestion costs while reducing line losses and overall route length.

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Source: Transformer

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US to keep approving oil and gas permits during government shutdown, Interior Dept says, to support Trump’s energy push.

US to continue oil and gas permitting during government shutdown

The US will continue to permit some oil and gas operations even if a government shutdown that began on Wednesday still lingers, according to statements and plans from federal agencies.

The federal government ground to a halt as funding lapsed while Republicans and Democrats fought over spending plans, particularly subsidies for health care coverage, Reuters reported.

In a statement, the Department of the Interior (DoI) said it will continue to push oil and gas permits forward as part of President Donald Trump’s drive for greater domestic production. The agency will also keep federal public parks open and will maintain active law enforcement and wildfire protection units in those spaces.

DoI oversees management of public lands and federal waters across the US. It has three bureaus that help with that effort: the Bureau of Land Management (BLM) for onshore operations, and the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety & Environmental Enforcement (BSEE) for offshore activities.

BLM plans

BLM, which manages 245 million acres of public land and 700 million acres of sub-surface mineral estate in the US, will continue permitting and inspections for oil and gas operations, according to a shutdown contingency plan published by the agency.

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Source: upstream

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BP now sees 2050 oil demand forecast to 83M barrels/day, 8% higher than prior estimate, signaling rising long-term oil use.

BP predicts higher oil and gas demand, suggesting world will not hit 2050 net zero target

BP has is raising its forecasts for oil and gas demand. It is suggesting the global net zero target for 2050 will not highlight a slowdown in the transition to clean energy.

The energy company’s closely watched annual outlook report has estimated that oil use is on track to hit 83m barrels a day in 2050, a rise of 8% compared with its previous estimate of 77m barrels a day.

The current trajectory of the energy transition means natural gas demand could hit 4,806 billion cubic metres a year in 2050, BP said, up 1.6% from its previous estimate of 4,729 billion cubic metres.

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Source: The Guardian

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Permian Basin may have smaller, focused deals, but continues to flourish, says Pearl Energy founder Billy Quinn after record consolidation.

Permian thriving on small deals, says Pearl Energy

Despite billions of dollars’ worth of consolidation in the U.S.’ most prolific shale play, the Permian Basin remains thriving at a key place to deploy private equity capital. Portfolio companies can build into successful enterprises ripe for acquisition—but it’s not a job for just anybody.

Hart Energy queried top private equity firms invested in the Permian about what’s next for the most prolific shale play in the U.S. This interview with William J. “Billy” Quinn, founder and managing director at Pearl Energy Investments, is the first in a three-part series.

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Source: HARTENERGY

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