Tag:

oil and gas

KKR Invests in ADNOC Gas Pipelines – Middle East Expansion

by Priya Shah – Business Editor October 1, 2025

written by Priya Shah – Business Editor

KKR deepens Investment in ‍UAE with ADNOC Gas Pipeline Stake

Global investment firm KKR ‍has further solidified it’s presence in⁢ the Middle East through a new agreement with the Abu Dhabi National Oil company (ADNOC). KKR has acquired a minority stake in ADNOC Gas Pipeline Assets,the entity responsible for operating 38⁢ gas pipelines and two export terminals within the United Arab Emirates. The financial terms⁢ of the deal⁢ were not disclosed.

This investment builds ⁢upon a previous partnership established in 2019, when KKR and BlackRock invested in ADNOC’s oil pipeline infrastructure, opening⁤ avenues for increased foreign‌ investment in the⁣ region. KKR views ‍the Middle east as a strategically vital market, citing strong economic fundamentals and proactive leadership ⁤as key drivers for investment.

The ADNOC gas pipeline network, crucial for connecting the company’s production to customers across the ‍UAE, will remain under the full ownership and operational⁤ control of‍ ADNOC. KKR’s investment, made through its managed accounts, is designed to generate stable, ⁤long-term returns.

KKR’s expanded commitment to the region is also‌ demonstrated by a recent investment in Dubai-based Gulf Data Hub,alongside a partner firm,totaling over $5 billion to‍ support the growth‌ of GDH’s data center network.⁢

The firm‍ has maintained a presence in the Middle East for over ‍16 years, with offices in the⁤ UAE and Saudi Arabia. KKR currently manages more than $90 billion in global infrastructure assets, a strategy launched in 2008. David Petraeus, KKR Partner⁣ and Chairman ⁣of the KKR Global Institute and KKR Middle East,‌ leads the firm’s regional efforts, supported by a dedicated investment team ⁢headed by Julian Barratt-due.

October 1, 2025 0 comments

World

Oil Industry Fears Trump’s Policies Despite His Support

by Priya Shah – Business Editor September 25, 2025

written by Priya Shah – Business Editor

Oil patch Blues: ‍Despite Trump‘s Support, Energy ⁣Sector⁤ Contracts Amidst ‌Costs ⁢& Policy Chaos

By Priyashah, World-today-News.com – June 4,⁣ 2025

HOUSTON, TX – ‍While president Donald Trump publicly champions increased oil production, a new report paints a ‌starkly different picture⁤ of the U.S. energy sector. ⁤The latest Dallas⁤ Fed Energy Survey reveals a contraction in oil and gas activity during the third quarter of⁢ 2025, fueled by‌ soaring ⁢costs, unpredictable policies, and the biting impact of new tariffs.

The survey, released‌ Wednesday, polled executives ‌from 139 firms across texas, northern Louisiana, and southern New Mexico ⁢in mid-September. Its broadest measure of business conditions, the business activity index, ⁢registered a negative ⁢6.5 – marking the second consecutive quarter of decline.⁣ The outlook is even more concerning,with the company outlook index plummeting to -17.6 from -6.4 in the previous⁢ quarter.

Policy Uncertainty & Tariffs Take Their Toll

The data underscores⁢ a growing disconnect between the ⁤administration’s rhetoric and the reality ‌on the ground. Over 44% of⁤ firms surveyed cited elevated levels of uncertainty,directly linking it to the current administration’s policies. ⁢

“The uncertainty ⁣from the ⁢administration’s policies has put a damper on all investment in the oilpatch,” one anonymous executive‌ stated bluntly. “Those who can are running for the exits.”

The imposition of important tariffs, particularly the 50% levy on steel and aluminum, is exacerbating the situation. Executives ⁣report these tariffs are dramatically increasing operational costs, rendering some wells economically ⁣unviable.

“Tariffs continue to⁢ increase the cost of production.‌ We are suffering from a⁣ combination of increased cost due to tariffs and downward pricing pressure from end users,” a⁤ services executive lamented.

Bleeding Margins & Slashing Investment

The financial strain is palpable. exploration and production firms saw finding ⁢and advancement costs double ⁤this quarter, while lease operating expenses also surged. Oilfield services firms are reporting deeply⁣ negative margins, with one ⁣describing the sector ⁣as “bleeding.”

This challenging environment is triggering a sharp decline⁢ in capital expenditure, with the index falling to -11.6 from -3.0. ‌Executives warn that the constant ‍shifts in regulatory policy are deterring investment.

“Day-to-day‍ changes to energy policy is no way for us to win as a ⁢country,” one operator argued. ⁢”Investors⁣ avoid investing in energy because of the volatility … and the ‘stroke of pen’ ‍risk that the federal⁣ government wields.”

Grim Price Expectations & The⁤ Future ⁢of Shale

The survey also reveals a pessimistic outlook on oil prices. Respondents now predict West texas Intermediate (WTI) crude will average just $63 a barrel by the end of 2025,barely above current trading levels. Longer-term projections, at $69 in two years and $77⁤ in five years, are⁢ considered insufficient by many autonomous operators ‍to justify new drilling initiatives.

This confluence of factors raises serious questions about the future of the shale revolution, a decade-long boom that transformed the U.S.into a major energy producer.

SEO Keywords: Oil⁣ and Gas Industry, Dallas Fed ‌Energy‌ Survey, Trump Energy Policy, Oil Prices, Tariffs, Energy sector, Shale Oil, WTI Crude, Energy Investment,‍ Energy Policy, US Energy Production, Oil Patch, Energy Costs.

September 25, 2025 0 comments

World

Ukraine’s Dual Strategy: Crippling Russia’s Fuel Supply and Economy

by Lucas Fernandez – World Editor September 18, 2025

written by Lucas Fernandez – World Editor

Ukraine Strikes Disrupt Russian Oil Exports,⁤ Raising Supply Concerns

KYIV, Ukraine - Ukrainian strikes are reportedly impacting Russia‘s ability⁢ to export oil, ⁤possibly forcing ⁢production ⁢cuts, as Moscow grapples‌ wiht the fallout from Western sanctions and battlefield disruptions. Russia banned all‍ exports of refined petroleum products in February, aiming to prioritize crude oil exports, but even this ‍strategy is facing challenges.

Transneft, Russia’s largest pipeline operator, allegedly informed upstream oil producers they may‍ need to reduce output ‍due to damage sustained from ⁤Ukrainian strikes affecting its storage and transportation capacity for oil destined for refineries and export ⁢terminals,‍ according to three industry ‌sources cited by Reuters. Transneft has⁢ dismissed the‌ report⁢ as ⁤”fake news.”

The developments come ‍as the European union‌ considers tightening its restrictions on Russian ⁤energy imports. Poland ⁢has called for a complete⁣ EU ban⁣ on ‍Russian oil following a recent incursion⁤ of 19 Russian drones into Polish airspace on September 10. While most EU members have already halted Russian oil imports, Hungary and Slovakia currently hold exemptions until the end of 2027, citing cost advantages of‍ pipeline deliveries.

European Commission‍ President Ursula von der Leyen announced on Tuesday that the Commission⁤ will soon propose a 19th package of sanctions targeting crypto, banks, ‍and energy, including measures to “speed up the phase-out of Russian fossil imports.”

Despite a reported 90%‍ decrease in EU imports of Russian oil since the invasion of Ukraine,according to EU statistical service estimates,Russia continues to ‌profit from energy sales to Europe. The EU⁤ has not banned Russian gas, and the think tank Ember estimates European payments for Russian gas totaled $23.6⁣ billion ‌last ⁣year – exceeding military aid to Ukraine by nearly $5 billion.

Ukrainian⁣ President Volodymyr Zelenskyy urged international partners to eliminate loopholes in sanctions, stating on Saturday, “If [Russian President Vladimir] Putin does not want peace, he must be forced into it.”

September 18, 2025 0 comments

News

North Dakota Gas: AI Demand Fuels New Energy Opportunities

by Emma Walker – News Editor September 18, 2025

written by Emma Walker – News Editor

Watford City, N.D. – Sept. 17, 2025 – North Dakota’s natural gas industry ⁢could see‍ important expansion ⁢driven by the burgeoning demand for energy to ⁣power artificial intelligence data centers, Governor Doug Burgum indicated today at the‍ North Dakota Petroleum Council annual meeting in Watford City. ⁢The potential for‍ new markets comes as energy developers in the state face increasing challenges securing land access for pipelines and infrastructure.

The governor’s comments arrive as North Dakota navigates a period of energy ⁢growth alongside landowner concerns and infrastructure strains. While the state has experienced recent increases in oil and⁣ gas‌ activity, especially in⁤ counties like⁣ Burke, lawmakers acknowledge a growing need to balance energy development⁣ with property rights and resource⁤ management.

Rep. Craig⁣ Headland, R-Montpelier,‍ highlighted the difficulty in obtaining easements for essential energy infrastructure. “The public good doesn’t seem to matter like it used to,” Headland said during a lawmaker ⁢panel discussion.

sen. Mark Enget, ⁤R-Powers Lake, emphasized the importance of respectful engagement‌ with landowners.‌ “North Dakota people are very reasonable. If ⁤you⁢ talk to⁢ them respectfully and you work towards a‌ solution and discuss it in a way that resonates and makes sense to them, there’s a way through it,” he stated.

however, Enget also pointed to challenges ⁣accompanying growth in his home county of Burke, including school overcrowding, ‌infrastructure wear ⁤and tear, and increasing concerns about water resource depletion due to hydraulic fracturing. “It creates a problem where many of⁢ our water resources in the county are really being drawn down,” Enget said. “So I worry about the longer term and if we see more and more activity, where all of that water is going to ‌come ‍from.”

sen. Brad Bekkedahl, R-Williston, ‌predicted that balancing infrastructure needs, property rights, and ⁤energy development⁤ will be a key issue ⁣in the upcoming legislative‍ session. “I think it’s going ‍to loom large in the next session,” Bekkedahl⁢ said.

(Photo by‌ Jacob Orledge/North Dakota Monitor)

September 18, 2025 0 comments

World

North West Shelf extension comes at critical juncture in Australia’s climate conversation

by Lucas Fernandez – World Editor September 12, 2025

written by Lucas Fernandez – World Editor

Woodside‘s North West Shelf Extension Approved Amid Climate Concerns

PERTH, WA – The Western Australian government has approved‌ an extension to Woodside Energy’s North West Shelf gas project, paving the‍ way for⁤ the development of the Browse Basin, a move immediately drawing criticism from environmental groups who claim the project could release up ‍to 1.6‌ billion tonnes of carbon dioxide equivalent over⁣ its lifetime. The approval,granted today,allows Woodside to process gas from the remote‌ Browse⁢ Basin through the existing North West shelf infrastructure.

The decision arrives at a critical juncture in Australia’s climate debate, as the nation grapples with balancing energy security, economic interests, adn its commitments to reducing greenhouse gas emissions. ‌Woodside maintains the Browse ⁤project⁤ is vital for Western Australia’s future gas supply and meeting⁣ the energy demands of its customers, proposing a carbon capture and storage solution to mitigate the environmental impact. Though, the project is anticipated to face legal challenges and protests, mirroring the recent battles over the Burrup Hub.

Woodside argues browse is critically important for ⁤both WA’s future gas mix, and meeting its clients’ energy⁢ needs, and ⁤is proposing a carbon‌ capture and storage solution to sequester carbon dioxide. Freelance journalist marian Wilkinson recently predicted in a Quarterly Essay that the Browse development would trigger further legal disputes, ⁣protests, and ‍lengthy appeals.

The North ⁤West Shelf is one of the world’s largest LNG ⁣facilities, and the Browse Basin holds significant gas reserves. The extension will allow Woodside to access these reserves, extending the life of the existing infrastructure.

“But ‌if the battle over the Burrup Hub teaches ⁢us‌ anything,” Wilkinson wrote, “It’s that Australia needs a broader, national debate about gas exports and climate change. One that asks: Can Australia really be⁢ a‍ responsible climate actor if it keeps developing major new gas projects ⁤as global emissions continue to rise and the chances of holding global warming to 1.5 Celsius fade?”

September 12, 2025 0 comments

Business

California Lawmakers Grapple with Controversial Cap-and-Trade Extension

by Priya Shah – Business Editor September 9, 2025

written by Priya Shah – Business Editor

California‘s Cap-and-Trade Extension Stalls Amidst Intense Lobbying Effort

Negotiations surrounding ⁣the reauthorization of California’s cap-and-trade program faced a significant challenge this⁢ week ‌as a broad coalition of opponents launched a last-minute lobbying push to delay a deal ⁤until 2026. Lawmakers were met⁢ with appeals from industry groups, business advocates, and even traditionally‍ Democratic-aligned trade unions as they entered the⁤ Capitol on Monday, September 9, 2025.

The opposition ‌argues that a rushed reauthorization would impose undue financial burdens on industries ‍like cement production, oil and gas,‌ and manufacturing, potentially driving businesses out of California and leading to job losses. They contend that increased costs would inevitably be ⁣passed on to consumers,⁢ raising prices across the board.

The State Building and Construction⁢ Trades Council of California circulated a⁣ notice to legislators stating, “No deal is better than a bad deal,” and advocating for a pause in negotiations until the Legislature⁢ reconvenes in 2026. The union specifically warned of “massive industrial job losses” and ‍”skyrocketing fuel and retail costs” resulting from the proposed legislation. They ⁤expressed disappointment that the legislature hadn’t collaborated with the Building Trades and the energy ⁢industry to create an affordable ‍extension of the program.

The California Chamber⁤ of Commerce ‌echoed these concerns, with president and CEO Jennifer Barrera stating the shortened timeline was insufficient to produce “robust and responsible” legislation.She noted that promises regarding California’s affordability ⁤had not been met.

While environmental groups like the Environmental Defense Fund ⁢generally support reauthorizing⁣ cap-and-trade, some have expressed frustration with the lack⁢ of clarity in the negotiation process. Environmental⁤ justice advocates, though, believe the surge in lobbying efforts signals that progress was being made ‍at the negotiating table. Katie Valenzuela, a lobbyist for these ⁣groups, suggested ⁤the calls for more public process were disingenuous given the opponents’ established access to lawmakers.

despite the⁢ opposition, Senator Monique Limón (D-Santa Barbara), the‍ incoming Senate president, remains optimistic. She ‌stated that all parties remain at the table and are continuing to work towards a negotiated proposal, leaving the possibility of a deal alive.

This⁣ article is based on reporting originally‌ published by CalMatters on September 9, 2025,⁤ and is republished‌ under a‍ Creative Commons Attribution-NonCommercial-NoDerivatives licence.

September 9, 2025 0 comments

Newer Posts

Older Posts