United States
Markets , Technology
Core Scientific to Expand its Texas Bitcoin Mining Center
Core Scientific said its Denton, Texas, data center currently operates 125 megawatts of bitcoin mining with total contracted power of approximately 300 MW.
Solar , Wind , Renewables , Acquisitions & Divestitures
Nova Clean Energy Acquires BNB’s 1-GW HyFuels Portfolio in Texas
Covering about 25,000 acres on the Texas Gulf Coast, HyFuels’ power supply will be split evenly between wind and solar energy.
Lithium
North Carolina Grants Mining Permit to Piedmont Lithium
Located in Gaston County, North Carolina, the project is being designed to produce 30,000 metric tons of lithium hydroxide per year.
Artificial Intelligence , Seismic , Drilling , E&P Tech Trends
Tech Trends: AI Increasing Data Center Demand for Energy
In this month’s Tech Trends, new technologies equipped with artificial intelligence take the forefront, as they assist with safety and seismic fault detection. Also, independent contractor Stena Drilling begins upgrades for their Evolution drillship.
Acquisitions & Divestitures
Kimmeridge Withdraws SilverBow Deal to Focus on E&P’s ‘Broken’ Board
Investment firm Kimmeridge said it had withdrawn its offer to combine its Eagle Ford E&P with SilverBow Resources as it promotes a slate of independent directors for SilverBow’s board at the company’s May annual meeting.
Acquisitions & Divestitures , Natural Gas , Shale Plays
EQT Strengthens Appalachian Position in Swap with Equinor
EQT, the largest natural gas producer in the U.S., is taking greater control of the production chain with its latest move.
Acquisitions & Divestitures , Service & Supply
The JF Petroleum Group Acquires General Contractor GE Goodson Service
Following the transaction, GE Goodson will operate as The JF Petroleum Group’s Midland branch on a go-forward basis.
Trade , International
US Says it Will Not Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
The Biden administration holds out little hope that Maduro will make enough concessions before the April 18 deadline to satisfy U.S. demands.
Policy & Regulations
New BOEM Regulations Raise Industry Decommissioning Obligations by $6.9B
Under new regulations, the Bureau of Ocean Energy Management estimates the oil and gas industry will be required to provide an additional $6.9 billion in new financial assurances to cover industry decommissioning costs.
Crude Oil , International
What's Affecting Oil Prices This Week? (April 15, 2024)
While concerns about the stability of oil supply are increasing, Stratas Advisors does not expect oil supply to be disrupted – unless there is further escalation in the Middle East.