January 2, 2025

US oil executives expect faster permitting under Trump, says Dallas Fed

January 2, 2025

(Investing) – HOUSTON -U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday. The overall outlook brightened and activity levels increased while uncertainty declined in the final quarter of 2024, according to a December survey of 134 energy firms in Texas, Louisiana and

Could Texas become a geothermal energy hub?

January 2, 2025

(Oil Price) – Geothermal could soon be the hottest new thing in the United States energy mix. The naturally clean energy source has traditionally enjoyed broad bipartisan support in the United States, which is an increasingly impressive feat for any item of legislative interest. But while geothermal has a lot of things going for it – zero emissions, constant productivity – but it

Totalenergies, Vantage Drilling create new joint venture

January 2, 2025

(World Oil) – Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies, in line with the MOU terms described in previous announcements. Subsequent to the completion of the current Tungsten Explorer contract in Congo, TEVA will acquire the Tungsten Explorer from Vantage subject to customary sale and purchase conditions precedent. TotalEnergies, Vantage

Equinor secures $3-billion financing for U.S. offshore wind project

January 2, 2025

( Oil Price) – Equinor has secured a project financing package of over $3 billion for its U.S. offshore wind project Empire Wind 1, Norway’s energy major said on Thursday. Empire Wind 1 is planned to power 500,000 New York homes and is expected to reach its commercial operation date in 2027. With a contracted capacity of 810 megawatts (MW), Empire Wind 1

China proposes further export curbs on battery, critical minerals tech

January 2, 2025

(Investing) – BEIJING – China’s commerce ministry has proposed export restrictions on some technology used to make battery components and process critical minerals lithium and gallium, a document issued on Thursday showed. If implemented, they would be the latest in a series of export restrictions and bans targeting critical minerals and the technology used to process them, areas in which

Oil prices rise at the start of 2025 as demand optimism prevails

January 2, 2025

(Oil Price) – Oil prices began the 2025 trading year with a rise in Asia on Thursday as market sentiment turned positive on expectations of stronger economic and oil demand growth. Oil prices have been rangebound for most of the fourth quarter amid concerns about demand in China and other major economies and expectations of an oversupply this year. For 2024, oil saw

US oil executives expect faster permitting under Trump, says Dallas Fed

Could Texas become a geothermal energy hub?

Totalenergies, Vantage Drilling create new joint venture

Equinor secures $3-billion financing for U.S. offshore wind project

China proposes further export curbs on battery, critical minerals tech

Oil prices rise at the start of 2025 as demand optimism prevails

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