Decom Engineering has announced a promising start to 2025 with contracts valued at more than £2 million ($2.66 million USD) secured in the first quarter, positioning the subsea cutting specialist for further international growth. SourceContinue Reading

China’s halt on a wide range of critical minerals and magnet exports in retaliation for U.S. tariffs has disrupted some of Elon Musk’s plans to build humanoid robots. The very act of Beijing choking off supplies of critical components highlights the urgent need to friendshore or reshore rare earths mining and refining, as well as...Continue Reading

Trump Eyes Sovereign Wealth Fund to Back U.S. Mining | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 24, 2025, 11:40 AM CDT Updated: Apr 24, 2025, 1:01 PM CDT Washington is eying the possible creation of an American sovereign wealth fund (SWF) to compete...Continue Reading

Russia is expected to see its oil and gas revenues for April slump by 22% from a year ago, amid lower oil prices and a stronger local currency, according to Reuters calculations. Russia’s revenues from hydrocarbons are set to be about $11.6 billion (960 billion Russian rubles) in April, also due to lower profit-based taxes...Continue Reading

U.S. Policy Shift on Crimea Complicates Ukraine Negotiations | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Apr 24, 2025, 10:00 AM CDT High-level peace talks aimed...Continue Reading

Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices. Matador is the first significant shale company to announce it’s cutting back on drilling since crude futures began nosediving earlier this month. SourceContinue Reading

Eni has reached financial close with the UK Government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project, where Eni is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial Cluster. SourceContinue Reading

Oil Prices Rebound on Hopes of U.S.-China Tariff De-escalation | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Apr 24, 2025, 9:30 AM CDT Oil prices rose early on Thursday, recouping some of Wednesday’s losses, after signs emerged that there could...Continue Reading

Eni Keeps Buybacks by Cutting Capex and Costs Amid Oil Price Slide | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Apr 24, 2025, 8:25 AM CDT Amid the oil price crash and macro headwinds, Eni SpA (NYSE: E) on Thursday...Continue Reading

New Mexico’s San Juan Basin, a historic oil and gas hub, is struggling as Trump’s tariffs raise costs and dampen drilling prospects.  Local driller Sean Dugan notes pipeline costs soaring from $80,000 to $120,000 due to Asian import tariffs, squeezing margins in a region already hit by low natural gas prices post-2008.  Low oil prices,...Continue Reading