MDN’s Energy Stories of Interest: Tue, Apr 29, 2025 [FREE ACCESS]
MARCELLUS/UTICA REGION: Bradford County honors former Gov. Corbett for work on natural gas impact fee; OTHER U.S. REGIONS: Australia’s Woodside Energy green lights big U.S. LNG project; NATIONAL: Toyota launches new, commercially focused hydrogen business website; Crude dips to two-week low amid trade war fears; Relief rally lifts natural gas futures back above $3 as May contract expires; Paving the way for America’s energy comeback; How Trump turned around Biden energy policy; Biden’s departure spurs LNG industry growth; Regional balances tell the tale of the U.S. crude oil market; INTERNATIONAL: Weatherford and AIQ sign strategic partnership for AI; What are the latest AI developments oil and gas needs to be aware of?; Climate change, once a big issue, fades from Canada’s election; US sanctions target deliveries of oil and gas to Houthis; Spain slowly returning to normal after crippling blackout; US urges Eastern Europe to split from EU energy transition aims; Canada is squandering the greatest oil opportunity on Earth.
MARCELLUS/UTICA REGION
Bradford County honors former Gov. Corbett for work on natural gas impact fee
MyHometownToday.com
Former Pennsylvania Gov. Tom Corbett was honored at the Bradford County Public Safety Center this week for his work in creating the Act 13 Natural Gas Impact Fee. According to the Bradford Sentinel, the Bradford County Commissioners, State Treasurer Stacy Garrity and Pennsylvania Attorney General Dave Sunday were all on hand to honor Corbett. Corbett signed Act 13 into law back in 2012 and since then Bradford County and local municipalities have received millions of dollars for projects over the last decade. The impact fee has helped fund the construction of the Bradford County Public Safety Center, a new roof at the county courthouse, an inclusive playground at Hornbrook Park as well as helping Sayre Borough with its downtown revitalization project. In total, Bradford County has received $74 million and local townships and boroughs have received nearly $130 million from the impact fee since 2012. [MDN: Corbett should be honored. Unfortunately, PA voters made a huge mistake in electing Tom Wolf over Tom Corbett. It’s been all downhill since that time. At least the impact fee has survived.]
OTHER U.S. REGIONS
Australia’s Woodside Energy green lights big U.S. LNG project
Forbes
Australia’s Woodside Energy has approved a $17.5 billion investment to develop a liquefied natural gas (LNG) plant in Louisiana, marking the first major U.S. LNG project greenlit since President Donald Trump’s re-election and declaration of an energy emergency. The facility will consist of three processing units with a combined annual capacity of 16.5 million tons, with potential expansion to 27.6 million tons. Production is slated to commence in 2029. Woodside projects the development to contribute 24 million tons per annum to its global LNG capacity over the next decade, accounting for over 5% of global supply. Financially, the plant is expected to generate $2 billion annually in the 2030s, yielding a 13% internal rate of return with a seven-year payback. Stonepeak will invest $5.7 billion in the project, while Woodside will cover $11.8 billion. Despite the investment, Woodside stated that its greenhouse gas emission targets remain unchanged. [MDN: Finally, a final investment decision (FID) for what used to be called the Driftwood LNG project. It’s been years in the making. This plant is located near the Cheniere Energy Sabine Pass LNG plant, a plant that receives a high volume of M-U molecules. It’s our hope that our molecules will also help feed the Woodside plant.]
NATIONAL
Toyota launches new, commercially focused hydrogen business website
Toyota Motor North America
On April 28, 2025, Toyota Motor North America (TMNA) launched a new Toyota Hydrogen Solutions webpage, designed as a commercial hub for businesses interested in Toyota’s hydrogen-powered fuel cell technologies. Announced at the Advanced Clean Transportation Expo in Anaheim, California, the site provides detailed product information, case studies, and contact details to help customers adopt zero-emission solutions using Toyota’s proven hydrogen fuel cell systems. These systems power a range of applications, from heavy machinery like port equipment to passenger buses, emitting only water vapor. Hydrogen, sourced naturally or produced through processes like electrolysis or methane reformation, is highlighted as a clean fuel alternative. Thibaut de Barros Conti, TMNA’s general manager of Fuel Cell Solutions, emphasized the technology’s role in offering a pathway to cleaner energy. The launch underscores Toyota’s commitment to advancing a hydrogen-based society through sustainable, commercially viable solutions. [MDN: Toyota is doubling down on a losing business. Way to blow big money, Toyota. All in the name of fixing “global warming.” Some people (and businesses) never learn.]
Crude dips to two-week low amid trade war fears
Bloomberg/Rigzone
On April 28, 2025, crude oil prices fell to their lowest levels in two weeks, driven by escalating U.S.-China trade tensions and weak U.S. economic data. West Texas Intermediate (WTI) settled at $62.05 per barrel, and Brent crude closed at $65.86, both down 1.5%. The downturn was influenced by a report showing Texas manufacturing activity at its weakest since May 2020 and concerns that the ongoing trade war could dampen global energy demand. While U.S. officials indicated that de-escalation depends on China, Beijing denied ongoing trade talks but pledged support for exporters affected by tariffs. Additionally, OPEC+ increased production, adding to bearish sentiment, with discussions on future output plans scheduled for May 5. Investors are awaiting key economic indicators and earnings reports from major oil companies like BP, Shell, Chevron, and Exxon Mobil for further market direction. Geopolitical developments, including U.S.-Iran nuclear talks and a deadly explosion at Iran’s Shahid Rajaee port, also contributed to market volatility. [MDN: Being down 1.5% in the $60s is a nothingburger. It’s perfect! There is no disaster here as the Bloomberg Commies pretend. These prices are great.]
Relief rally lifts natural gas futures back above $3 as May contract expires
NGI’s Daily Gas Price Index
Natural gas futures rebounded Monday after four weeks of losses, with the expiring May contract rising 23.3 cents to $3.170/MMBtu and the June contract closing at $3.343. Cash prices surged as well, with NGI’s Spot Gas National Avg. up 22 cents. Last week’s drop was driven by bearish weather and strong production, but Monday’s gains are seen as a technical correction and potential short covering ahead of May contract expiration. Analysts noted LNG feed gas demand stabilized above 16 Bcf/d, supporting prices despite forecasts for mild weather and weak demand. While some, like Carley Garner, view the recent low as a potential market bottom, others caution that production recovery, triple-digit storage injections, and soft fundamentals may continue to pressure prices. Spot prices also bounced back, especially in Texas, after steep regional declines last week. Overall, the market remains volatile with uncertain supply and demand dynamics heading into summer. [MDN: Whew. Back above $3/MMBtu. Let’s hope it stays there.]
Paving the way for America’s energy comeback
Washington (DC) Times
The Washington Times op-ed “Paving the Way for America’s Energy Comeback,” written by Rep. Troy Balderson from Ohio’s 12th Congressional District, discusses how President Donald Trump’s administration is shaping U.S. energy policy to prioritize reliability and affordability. Trump’s appointments, including Liberty Energy CEO Chris Wright as Energy Secretary and North Dakota Governor Doug Burgum as Interior Secretary, signal a commitment to expanding domestic energy production. The administration aims to reverse regulations that hinder energy development, such as the EPA’s greenhouse gas rules, and to reform federal permitting processes to expedite infrastructure projects. Additionally, there’s an emphasis on enhancing wildfire protections by reducing bureaucratic obstacles. The article underscores the need for policies that ensure a stable and affordable energy supply, particularly for rural communities served by electric cooperatives, aligning with the administration’s broader goal of bolstering America’s energy independence and grid reliability. [MDN: Balderson serves as Chairman of the House Energy Action Team (HEAT) and is a member of the House Energy and Commerce Committee. His district includes parts of the Utica and Marcellus shale formations.]
How Trump turned around Biden energy policy
New York (NY) Post
In his second term, President Donald Trump swiftly reversed President Joe Biden’s climate-focused energy policies, which he criticized as ineffective and misleading. Trump prioritized fossil fuel development by lifting restrictions on oil drilling, halting the pause on liquefied natural gas (LNG) export permits, and rolling back electric vehicle mandates. He also targeted offshore wind projects, suspending lease sales and approvals, while promoting geothermal energy as a reliable, domestic alternative due to its compatibility with oil and gas technologies. Trump’s administration emphasized energy independence and economic growth, aiming to reduce reliance on foreign energy sources and lower domestic energy costs. These actions signaled a significant shift from Biden’s environmental agenda, focusing instead on bolstering traditional energy sectors and reevaluating renewable energy initiatives. [MDN: The difference between Trump and Biden on energy issues has been stark. Biden attempted to destroy fossil energy. Trump is emphasizing fossil energy. Night and day.]
Biden’s departure spurs LNG industry growth
Odessa (TX) American
The American liquefied natural gas (LNG) industry is experiencing a significant boom, driven by the lifting of regulatory constraints following President Biden’s departure, as detailed in an April 28, 2025, Odessa American article. With eight operational export terminals along the Gulf Coast, five under construction—including major projects like Plaquemines LNG and NextDecade’s $18.4-billion Rio Grande LNG—and 18 more approved, the industry is poised for growth. The Biden administration’s restrictive policies, such as a 2024 pause on LNG export permits, had hindered progress, but their reversal under the Trump administration, starting with an executive order on January 21, 2025, has revitalized the sector. Industry leaders, like Permian Basin Petroleum Association President Ben Shepperd, highlight the strategic importance of U.S. LNG in meeting global demand, particularly in Europe, where prices are four times higher, reinforcing America’s position as the world’s leading LNG exporter. [MDN: Yes, objectively, Joe Biden was THE WORST President of the U.S. — ever. He had dementia. That’s a fact. House Speaker Mike Johnson reports when Johnson asked Biden why he paused LNG approvals, Biden didn’t know anything about it. Which is terrifying—that other people used Joe’s autopen to run the country without his knowledge. God protect us from these leftist radicals from EVER regaining power.]
Regional balances tell the tale of the U.S. crude oil market
RBN Energy
The RBN Energy article examines how the U.S. crude oil supply and demand landscape has evolved over the past 15 years due to the Shale Revolution. Advancements in horizontal drilling and hydraulic fracturing have significantly increased domestic oil production, leading to regional imbalances as refining capacities haven’t expanded at the same pace. The U.S. is divided into five Petroleum Administration for Defense Districts (PADDs), each with unique production, import, export, and refinery input profiles. The article emphasizes that while the national supply-demand equation is straightforward—total supply equals total demand—regional disparities are influenced by geography, infrastructure, and market dynamics. These factors affect how crude oil moves between regions, highlighting the importance of understanding PADD-specific balances to grasp the complexities of the U.S. crude oil market. [MDN: Shale energy has been a miracle for our country. It is something to celebrate! This article explores how the shale miracle has affected crude oil production and flows.]
INTERNATIONAL
Weatherford and AIQ sign strategic partnership for AI
Weatherford
Weatherford International plc announced a strategic collaboration with AIQ on April 22, 2025, to enhance efficiency in energy production through advanced automation, data-driven insights, and AI technology. The partnership integrates Weatherford’s software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ’s AI-driven analytics and domain expertise. This collaboration aims to optimize reservoir management, improve operational performance, and accelerate digital transformation for global operators. By combining Weatherford’s energy service capabilities with AIQ’s technological advancements, the initiative seeks to deliver sustainable, high-value solutions that enhance asset performance and support the energy industry’s digital evolution. The agreement underscores both companies’ commitment to innovation, aiming to set new benchmarks in operational efficiency and environmental responsibility, ultimately reshaping the future of energy production with cutting-edge, AI-powered tools and services. [MDN: Weatherford is a large oilfield services company based in the U.S. AIQ is a tech company based in Abu Dhabi.]
What are the latest AI developments oil and gas needs to be aware of?
Rigzone
In a recent discussion with Rigzone, Toni Fadnes, CTO of eDrilling, emphasized the transformative potential of agentic AI in the oil and gas industry. He described agentic AI as “AI-powered engineers” capable of autonomously executing complex tasks with high predictability, acting as productivity accelerators by minimizing human supervision and dynamically adapting to real-time changes. Fadnes highlighted that these systems address the long-standing issue of engineers spending 40-70% of their time on data management, freeing them to focus on core responsibilities. He urged immediate adoption to build organizational trust for handling more complex tasks, likening AI’s gradual integration to training rookie engineers. eDrilling, a Norway-based technology company, has developed three AI-powered engineers—Ida, Nora, and Marie—specializing in drilling, well design, and data management, respectively. The company continues to pioneer AI innovations, collaborating with industry stakeholders to support the sector’s transition to a low-carbon future. [MDN: AI continues to benefit the O&G industry. It’s an exciting time to be alive!]
Climate change, once a big issue, fades from Canada’s election
New York (NY) Times
As Canadians head to the polls, climate change, despite the Arctic’s melting ice and rampant wildfires, ranks low among voter priorities, overshadowed by concerns about countering U.S. President Donald Trump’s trade war threats. Liberal leader Mark Carney, a former UN climate envoy with a strong environmental background, has surged in polls but sidelined climate as a campaign focus. He repealed an unpopular consumer carbon tax, a move that neutralized Conservative opponent Pierre Poilievre’s campaign, which leaned heavily on criticizing it. While Poilievre champions Canada’s oil and gas industry, proposing it displace coal globally, Carney aims to balance conventional and clean energy, retaining industrial emissions taxes and an oil and gas emissions cap. These policies are critical, as Canada, a high per-capita emitter, lags on its Paris Agreement goal of 40-45% emissions cuts by 2030, having achieved only an 8.5% reduction by 2023. [MDN: Man-caused global warming as an issue is dead. Nobody cares because it’s not real and people, in their heart of hearts, know it. Even the NY Times is reporting it!]
US sanctions target deliveries of oil and gas to Houthis
Reuters
On April 28, 2025, the U.S. imposed sanctions on three vessels and their owners for delivering oil and gas to Yemen’s Houthi rebels, as part of efforts to curb their attacks on Red Sea shipping, according to the U.S. Treasury Department. The targeted entities include Marshall Islands-registered Zaas Shipping & Trading Co and Great Success Shipping Co, and Mauritius-registered Bagsak Shipping Co, which supplied the Houthi-controlled port of Ras Isa. The sanctions aim to disrupt the Houthis’ illicit revenue streams, which fund their destabilizing activities, as stated by Deputy Secretary of the Treasury Michael Faulkender. This action follows a U.S. airstrike that reportedly killed 68 people at a Houthi-controlled detention center. The Houthis, designated as a “Foreign Terrorist Organization” by the U.S., have disrupted global commerce through attacks on ships, claiming solidarity with Palestinians in Gaza, amid concerns over Yemen’s humanitarian crisis. [MDN: Smoke ’em out and make ’em pay. Do the same with Iran, which is the main backer of the Houthis.]
Spain slowly returning to normal after crippling blackout
Bloomberg/Rigzone
Spain and Portugal are gradually recovering from a massive blackout that paralyzed the Iberian Peninsula, disrupting public transport, airports, and hospitals, and leaving millions without power, phone service, or internet. The outage, one of Europe’s worst, began on April 28, 2025, and was attributed by Portugal’s grid operator to extreme temperature variations, though Spanish authorities ruled out meteorological causes and are still investigating. By early Tuesday, over 99% of Spain’s power and all 6.4 million Portuguese electricity clients were restored, with a state of emergency still in place in Spain. The blackout, which also briefly affected southern France, caused chaos, stranding passengers and halting traffic systems. Experts note the region’s high renewable energy reliance may have contributed to grid instability, raising concerns about reliability. Spanish and Portuguese officials, alongside the European Commission, continue to probe the cause, with no evidence of a cyberattack confirmed. [MDN: The Euro weenies know but won’t say. And what they know is this: Unreliable renewable energy sources are why it experienced this “crippling” blackout.]
US urges Eastern Europe to split from EU energy transition aims
Bloomberg/Rigzone
During the Three Seas Business Forum in Warsaw, U.S. Energy Secretary Chris Wright urged Central and Eastern European nations to diverge from the European Union’s net-zero emissions strategy, advocating instead for what he termed “energy freedom.” He criticized Western Europe’s climate policies as economically detrimental, arguing that investments in renewables hinder growth and benefit foreign companies. Wright contended that the pursuit of net-zero by 2050 is both unachievable and more harmful than climate change itself. He promoted natural gas and nuclear energy as practical solutions for affordable and secure energy, aligning with the U.S. administration’s initiatives to expand fossil fuel production and withdraw from the Paris Agreement. The visit coincided with U.S. firms Westinghouse Electric Co. and Bechtel Group Corp. extending their contract to develop Poland’s first nuclear power plant, with plans to build reactors elsewhere in the region. Wright’s remarks reflect a broader U.S. strategy to influence Eastern Europe’s energy policies, emphasizing economic growth and energy security over stringent climate goals. [MDN: If Eastern Europe knows what is good for it, its leaders will listen to Chris Wright and forget about unreliable renewables. Eastern Europe has the opportunity to supplant Western Europe as the powerhouse on the European continent. Western Euro weenies are brain dead. They are driving their countries into the ground with their climate change nonsense.]
Canada is squandering the greatest oil opportunity on Earth
Energy Talking Points by Alex Epstein
In his article “Canada Is Squandering the Greatest Opportunity in Its History,” Alex Epstein argues that Canada is undermining its economic potential by aggressively pursuing net-zero emissions policies that restrict fossil fuel development. He contends that fossil fuels are essential for human flourishing, providing affordable and reliable energy that enhances climate resilience and quality of life. Epstein criticizes the Canadian government’s climate policies, asserting they are driven by international pressure and ideological commitments rather than practical considerations. He warns that these policies could lead to economic decline, energy insecurity, and diminished global influence. Instead, Epstein advocates for embracing Canada’s abundant fossil fuel resources to drive prosperity and innovation. He emphasizes that a pro-human, pro-energy approach is crucial for Canada’s future, suggesting that the country should focus on energy freedom and technological advancement rather than restrictive environmental mandates. [MDN: Even though Canadians just chose the wrong Prime Minister, we do wish them well. We hope they stop screwing us over with trade, and if they are smart (remains to be seen), they will ramp up oil production.]