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The latest attacks by Iran on Qatar facilities have damaged infrastructure that accounts for 17% of QatarEnergy’s liquefied natural gas (LNG) export capability, Reuters reports. The attacks will also cut helium output by 14%, said QatarEnergy. QatarEnergy CEO Saad al-Kaabi told the news agency today, “I never in my wildest ‌dreams ⁠would have thought that Qatar would be, Qatar and the region, in such an ⁠attack, especially from a brotherly Muslim country in the month of ⁠Ramadan, attacking us in this way.” That cut in production capability equates to an estimated $20bn in lost revenues each year, including the value...

Arecent discovery in Minnesota has unveiled a helium reservoir with astonishingly high concentrations of the gas, surpassing initial estimations and potentially opening doors for commercial extraction. Pulsar Helium, an exploration company, revealed the discovery of helium reserves in late February 2024, following drilling activities near Babbitt, northern Minnesota, reaching depths of 2,200 feet (670 meters). Initial findings displayed helium concentrations of 12.4%, described by Thomas Abraham-James, the president and CEO of Pulsar Helium, as “a dream” in an interview with CBS News.[1] The discovery represents an unprecedented opportunity to gain access to helium at concentration levels dramatically exceeding the normal...

A new find of underground helium in Minnesota could turn out to be one of the largest in the world, Minneapolis’s WCCO-TV reported Thursday. The drill site, just outside Babbitt in the northeastern part of the state, took about a month from initially breaking ground to get to a depth of 2,200 feet. What it found there, Pulsar Helium CEO Thomas Abraham-James called “a dream.” “There was a lot of screaming, a lot of hugging and high fives. It’s nice to know the efforts all worked out and we pulled it off,” Abraham-James told WCCO. He said that the concentration...