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Breakthrough in Sodium Battery Chemistry Promises Lower Costs

Oilprice.com 

Osaka Metropolitan University researchers have developed a mass synthesis process for sodium-containing sulfides. Mass synthesis of electrolytes with high conductivity and formability is key to the practical use of all-solid-state sodium batteries, thought to be safer than lithium-ion batteries and less expensive, as sodium is far more plentiful than lithium. The report discussing the discovery results has been published in the journal Energy Storage Materials and Inorganic Chemistry. The researchers... Читать дальше...

How Central Asian Countries Are Courting Western Trade and Investment

Oilprice.com 

Central Asian states are knocking down trade barriers, addressing a prerequisite for the formation of a unified regional market. The recent diplomatic efforts appear to have caught the attention of the Kremlin, which worries that freer trade in Central Asia will facilitate the expansion of commercial networks bypassing Russia. The creation of a unified Central Asian market enabling the seamless movement of goods and services is a central aim of a regional economic blueprint supported by the United States, known as the B5+1 process. Читать дальше...

Global Metals Markets Face Uncertainty as Russian Ban Takes Effect

Oilprice.com 

Via Metal Miner By now, anyone in the metals market will know that the U.S. and UK recently banned the consumption of Russian aluminum, copper, and nickel produced from April 13 onward. While metal already on the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) are still available for consumption, no metal delivered after this date is acceptable. This holds true whether buyers purchase the metal directly or have it physically delivered to the exchange to settle a contract. The... Читать дальше...

Not Saudi Arabia, but the UAE May Decide OPEC's Next Move

Oilprice.com 

As the global oil market eagerly anticipates the upcoming OPEC(+) production decision—a potential shift in the current production cut strategy—most eyes are on Saudi Arabia or Aramco leaders. However, there's a new player in town, already hinting at a dramatic strategy change without OPEC's approval. Sources in Abu Dhabi suggest the Emirate is no longer convinced of the necessity of OPEC+ production cuts, given the current volatile oil markets and increased demand. Simultaneously, ADNOC sources indicate... Читать дальше...

Drone Attacks Take Khor Mor Gas Field Offline, Claims Lives

Oilprice.com 

Four expatriate workers lost their lives, and two others sustained injuries in a recent drone attack on the Khor Mor gas field in Iraq's Kurdistan region. This attack, reported by an advisor to the Iraqi Kurdish Prime Minister and a senior Kurdish political source, has also resulted in the suspension of production at the site. The ramifications of the assault extend beyond casualties, impacting electricity generation in the region. Kurdistan's electricity ministry stated that the drone attack disrupted gas supplies to power plants... Читать дальше...

Exxon Expects Regulator To Greenlight $60-Billion Pioneer Deal in June

Oilprice.com 

ExxonMobil continues to expect that the U.S. antitrust authority will give the green light to its proposed $60-billion all-stock acquisition of Pioneer Natural Resources by the end of the second quarter, Exxon’s chief financial officer Kathy Mikells told Bloomberg in an interview on Friday. Exxon said in its Q1 earnings release today that it expects the transaction, which has been approved by Pioneer shareholders, to close in the second quarter of 2024, pending regulatory approval.    The Federal... Читать дальше...

TotalEnergies Beats Q1 Profit Forecast Despite Lower Natural Gas Prices

Oilprice.com 

TotalEnergies (NYSE: TTE) saw its first-quarter adjusted net income drop by 22% from a year ago, but the French supermajor’s adjusted earnings beat the consensus estimate. Stable oil prices and healthy refining margins failed to fully offset a decline in natural gas prices, but helped TotalEnergies beat analyst forecasts as it reported Q1 earnings on Friday. The company announced additional share buybacks and an increase in the first interim dividend for 2024. TotalEnergies posted an adjusted net... Читать дальше...

TotalEnergies Mulls Primary New York Listing to Expand U.S. Shareholder Base

Oilprice.com 

TotalEnergies CEO, Patrick Pouyanne, disclosed plans for a potential New York listing during an analyst briefing on Friday, citing the desire to attract a larger share of U.S. investors. With 47% of institutional shareholders and 39% of global investors based in the United States, TotalEnergies (TTEF.PA) aims to strategically position itself within the American financial landscape. While a definitive decision awaits board deliberations, Pouyanne emphasized the importance of adapting to investor preferences... Читать дальше...

U.S. Drilling Activity Slips

Oilprice.com 

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 6 to 613 this week, compared to 755 rigs this same time last year. The number of oil rigs fell by 5 this week, after gaining 5 in the week prior. Oil rigs now stand at 506--down by 85 compared to this time last year. The number of gas rigs fell by 1 this week to 105, a loss of 56 active gas rigs from this time last year. Читать дальше...

Activist Investor Elliott to Build Stake in Anglo American After Failed BHP Bid

Oilprice.com 

Mining giant Anglo American has rejected BHP Group’s £31.1bn proposal after it concluded the plan would undervalue its future prospects. The talk of a potential mega-deal between BHP and London-listed miner Anglo American had the mining world’s attention this week, and it seems to have attracted the attention of activist investor Elliott Investment Management. Bloomberg has reported that the hedge fund, known for its activist campaigns, has acquired a $1bn (£800m) stake in the miner. The news…


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