Energy Transition in Motion (Week of March 21, 2025)
Here is a look at some of this week’s renewable energy news, including a move by U.S. President Donald Trump to boost domestic production of critical minerals.
Latest
US Oil and Gas Rigs Rise for First Time in Three Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one to 593 in the week to March …
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UAE Commits to $1.4 Trillion US Investment, White House Says
(Reuters) – The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President Donald Trump this week, the White House said on Friday. The framework will “substantially increase the UAE’s existing investments in the U.S. economy” in AI infrastructure, semiconductors, energy, and manufacturing, …
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Shell Takes FID on Gato do Mato Project Offshore Brazil
Shell Plc will be the operator and 50% owner, with Ecopetrol holding 30% interest and TotalEnergies 20%.
How DeepSeek Made Jevons Trend Again
As tech and energy investors began scrambling to revise stock valuations after the news broke, Microsoft Corp.’s CEO called it before markets open: “Jevons paradox strikes again!”
Apollo Acquires BP’s Gas Pipeline Stake for $1B
BP Pipelines holds a 12% interest in the Trans-Anatolian Natural Gas Pipeline (TANAP), which transports natural gas from Azerbaijan across Turkey.
US Oil, Gas Rigs Rise for First Time in Three Weeks
Despite this week’s rig increase, Baker Hughes said the total count was still down 31 rigs, or 5% below this time last year.
Elk Range Buys $905MM D-J Basin Position from Oxy, Launches Elk Range Royalties III
Elk Range Royalties bought 250,000 net royalty acres from Occidental Petroleum in the D-J Basin for $905 million.
North Dakota Oil Regulator Expects Lower Oil Prices This Year Amid Trump Tariff Uncertainty
By Georgina Mccartney HOUSTON, March 21 (Reuters) – Oil prices will likely slip this year, the director of North Dakota’s state oil regulator predicted, amid uncertainty surrounding U.S. President Donald Trump’s tariffs on neighboring Canada and Mexico. North Dakota is the third-largest oil producing state in the U.S. U.S. crude futures have been trading below …
Activist Elliott Meets BP Investors to Discuss More Changes, Sources Say
By Sarah Mcfarlane and Shadia Nasralla Elliott, some investors want deeper change at BP, sources say Cost cuts, potential board change among options, sources say BP says it has received ‘widespread support’ from investors March 21(Reuters) – Activist investor Elliott Management has met several large shareholders in BP (BP.L) to try to forge a consensus …
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