OilPrice

JULY 14, 2025

The world needs $18.2 trillion in oil and gas investments through 2050 to ensure energy supply by the middle of the century, OPEC Secretary General Haitham Al Ghais has told Energy Connects in an exclusive interview. Oil demand is set to continue rising through 2050, with consumption expected at 123 million barrels per day (bpd) then, up from about 104 million bpd this year, according to OPEC’s annual World Oil Outlook (WOO) released last week.

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Offshore Engineer

JULY 17, 2025

Venture Global will supply 2 million tonnes per annum (MTPA) of liquefied natural gas from its Calcasieu Pass 2 project over 20 years to Italian state-controlled energy group Eni…

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Natural Gas Gas Energy Energy 58

OilPrice

JULY 10, 2025

France’s solar power generation hit a new record this week, sending intraday electricity prices into negative territory for several hours—a stark reminder of the volatility created by rapid swings in renewable output. At 2 p.m. Thursday, French solar output surged to 19.5 gigawatts, meeting nearly 40% of national demand, according to grid operator RTE.

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Operator 292

Oil & Gas Magazine

JULY 10, 2025

Iberdrola y Masdar invertirán 5,200 MDE para construir el parque eólico marino East Anglia THREE, el cual será uno de los dos más grandes del mundo en cuanto entre en operación el cuarto trimestre de 2026 La empresa energética, Iberdrola y el grupo de renovables de Abu Dhabi, Masdar , han acordado invertir juntos 5 mil 200 millones de euros (más de 6 mil mdd) en el parque eólico marino East Anglia THREE , el cual tendrá con una capacidad de 1.400 MW , y proporcionará energía limpia a 1.3 millone

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McKinsey

JULY 10, 2025

Skip to main content The Iberian green industrial opportunity: Carbon capture and storage July 10, 2025 | Article Carbon capture and storage could play a critical role in decarbonizing hard-to-abate industries in the Iberian Peninsula. As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. Renewable energy sources are rapidly expanding and driving the decarbonization effort, yet certain industries, particularly those with hard-to-abate (HtA) emi

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Transportation Exploration and Production Pipeline Offshore 64

Energy Outlook Advisors

JULY 11, 2025

OPEC released its 2025 World Oil Outlook 2050 yesterday at the OPEC Seminar 2025. The Outlook covers all energy industry segments, but here we focus solely on oil demand and supply. OPEC Global Oil Demand to Grow by 19.2 mb/d by 2050 Subscribe now Summary OPEC launched its World Oil Outlook 2050 yesterday during the OPEC Seminar 2025. Figure 1 is the most critical chart in the Outlook for the oil market.

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Oil Transportation IT Energy 237

Rextag

JULY 15, 2025

U.S. liquefied natural gas (LNG) exports dropped to their second-lowest monthly level so far this year in June, as maintenance at key export facilities temporarily cut output, according to preliminary data from LSEG. The world’s leading LNG exporter shipped 8.4 million metric tons (MT) of LNG in June, down from 8.9 MT in May and well below April’s record of 9.3 MT.

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Maintenance Natural Gas Completion IT 59

Offshore Engineer

JULY 10, 2025

The Baltic Eagle offshore wind farm in Germany has been fully completed and energized, the joint venture partners Abu Dhabi Future Energy Company (Masdar) and Iberdrola have announced…

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Offshore Completion Energy Energy 45

Marcellus Drilling News

JULY 16, 2025

In the list of major energy projects announced for Pennsylvania yesterday, the Frontier Group announced plans to invest $3.2 billion to transform the former Bruce Mansfield coal power plant in Beaver County into a natural gas power station (and co-located data center), renamed the Shippingport Power Station. This project is expected to create 15,000 construction.

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Oil & Gas 360º

JULY 16, 2025

(EIA) – In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. energy consumption in 2024. Nonfossil fuel energy—from renewables and nuclear energy—accounted for the other 18%.

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Energy Energy Crude Oil Petroleum 130

OilPrice

JULY 14, 2025

Venture Global has quietly begun producing LNG from Phase 2 of its Plaquemines export terminal in Louisiana, sources told Reuters, marking a significant step in the company's ongoing strategy to front-load spot market profits while delaying deliveries to long-term customers. The move allows the recently public LNG player to sell cargoes at elevated spot market prices—reportedly earning $7.09 per MMBtu in Q2 2025—well above the $2.66 per MMBtu it collects under fixed-fee contracts at its now-comm

IT 283

IT 283

Permian Basin Oil and Gas Magazine

JULY 15, 2025

According to U.S. Energy Information Administration, the share of the nation’s crude oil and petroleum imports from OPEC countries has declined 77 percent since 2006. In its Monthly Energy Review last week, EIA said imports from Saudi Arabia, Arabia, Algeria, Iraq and other OPEC countries has been declining since 2006 while imports from Canada have nearly doubled.

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Crude Oil Oil Petroleum Refinery 59

Offshore Engineer

JULY 10, 2025

Abu Dhabi Future Energy Company (Masdar) and Iberdrola have agreed to co-invest $6.08 billion in the 1.4 GW East Anglia THREE offshore wind farm in the U.K.

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Offshore Energy Energy 66

Offshore Energies UK

JULY 10, 2025

Leading trade body Offshore Energies UK today responds to the government’s publication of its Review of Electricity Market Arrangements (REMA). OEUK says the reforms announced – including the decision to commit to national pricing – bring stability that can help renew investor confidence and build a nationwide network secured by a diverse mix of domestic energy from oil, gas and offshore wind and emerging sources such as hydrogen.

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Energy Energy Offshore Government 52

Oil & Gas 360º

JULY 10, 2025

(Oil Price) – Power utilities in the United States have applied for permission to raise electricity prices, with a demand surge from AI data centers suggested as the reason, the Financial Times reported today, citing data from PowerLines, an energy affordability advocacy. In the first half of this year, U.S. power utilities applied for price hikes of a total $29 billion, the FT said, adding this represented a 142% increase on the first half of 2024.

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OilPrice

JULY 15, 2025

The Energy Institute recently published its updated energy report, the 2025 Statistical Review of World Energy, showing data through the year 2024. In this post, I identify trends in the new data that I consider worrying. These trends help explain the strange behaviors that we have been seeing from governments recently. A major hidden issue is that prices never seem to rise high enough, for long enough, to prevent production of fossil fuels and other mineral resources from declining relative to

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Energy Energy Government IT 299

Permian Basin Oil and Gas Magazine

JULY 15, 2025

U.S. imported only 17 percent of its domestic energy supply in 2024 – half of the record share in 2006 and the lowest share since 1985. U.S. Energy Information Administration said July 7 in its Monthly Energy Review , “The decline in imports’ share of supply in the previous two decades is attributable to both an increase in domestic energy production and a decrease in energy imports since 2006.

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Energy Energy Crude Oil Natural Gas 52

Offshore Engineer

JULY 16, 2025

Van Oord has completed the installation of all monopile foundations at RWE’s Sofia offshore wind farm, marking a major milestone in the construction of one of world’s largest wind farms…

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American Gas Association

JULY 15, 2025

AGA Newsroom True Blue Blog Where energy conversations come to life. Renewable natural gas (RNG) is a uniquely versatile form of renewable energy, possessing characteristics unmatched by any alternatives. RNG is produced from renewable sources including American farms, wastewater plants, landfills, and other sources of what would otherwise be greenhouse gas emissions.

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Natural Gas Gas Energy Energy 100

Oil & Gas 360º

JULY 10, 2025

(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. OKLAHOMA CITY–(BUSINESS WIRE)– Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced it has entered into two separate definitive agreements: one to acquire certain oil and gas assets from Sabinal Energy, LLC (“Sabinal”), and another to acqu

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OilPrice

JULY 10, 2025

The world will need as much as 19.5 million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025 World Oil Outlook (WOO) with forecasts through the middle of the century. Overall, OPEC expects global oil demand to continue rising by 2050, with global oil demand projected to increase by more than 19 million bpd between 2024 and 2050, reaching nearly 123 million bpd.

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Barrel Oil IT 335

CNBC: Energy

JULY 15, 2025

Google will also spend more than $3 billion to modernize two hydropower plants in Pennsylvania to help meet growing demand from data centers in the region.

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Offshore Engineer

JULY 14, 2025

The U.K.

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Offshore IT 45

Daily Energy Report

JULY 11, 2025

July 11, 2025 Chart of the Day OPEC: Global Oil Demand to Grow by 19.2 mb/d by 2050 Subscribe now Summary OPEC launched its World Oil Outlook 2050 yesterday during the OPEC Seminar 2025. Figure 1 is the most critical chart in the Outlook for the oil market. OPEC predicts global oil demand will rise by 9.6 mb/d to 113.3 mb/d by 2030 and by 19.2 mb/d to 123 mb/d by 2050.

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Energy Energy Transportation Oil 65

Oil & Gas 360º

JULY 16, 2025

(BOE Report) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. As the global oil industry enters a downturn due to economic uncertainty related to U.S. tariffs policy and OPEC+ pumping more barrels, Canada’s oil sands industry finds itself in a position

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Oil Exploration and Production E&P Barrel 130

OilPrice

JULY 12, 2025

Since the Russian invasion of Ukraine in February 2022, the European Union has been working to decrease its dependence on Russian energy. The EU responded to Russia’s invasion by introducing sanctions on a range of energy products, including oil and gas, which it has gradually strengthened over the last three years as the region has reduced its reliance on Russian energy.

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Gas Energy Energy Oil 253

POWER Magazine

JULY 10, 2025

At a remote substation in the Midwest, I watched recently as a team of cybersecurity specialists gathered not to fix a breach but to simulate one. The substation—a medium-impact test site built by one of the nation’s largest utilities—has become a proving ground for the future of grid security. Before the North American Electric Reliability […] The post OT Under Siege: Why Grid Control Systems Need a New Kind of Cyber Defense appeared first on POWER Magazine.

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Control Systems Utilities 162

Offshore Engineer

JULY 11, 2025

Iberdrola has signed green financing agreement with 24 banks for the East Anglia THREE offshore wind farm, being developed together with Abu Dhabi Future Energy Company (Masdar)…

Finance 40

Finance Offshore Energy Energy 40

Permian Basin Oil and Gas Magazine

JULY 11, 2025

ExxonMobil is the only one of the top seven U.S. operators to report an increase in active drilling rigs in the past year, according to Enverus’ latest Drill Down Report. ExxonMobil is the leading operator in both U.S. and Permian Basin. In the U.S., ExxonMobil reported 39 working rigs as of July 4 (weekly average of 36.9 for an increase of 1 rig from 35.9 this time last year).

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Drilling rig Basin Petroleum Operator 59

Oil & Gas 360º

JULY 11, 2025

(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. The IEA, which advises industrialised countries, expects global supply to rise by 2.1 million barrels per day this year, up 300,000 bpd from the previous forecast.

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IT Oil Refinery Barrel 130

OilPrice

JULY 10, 2025

“There is no peak oil demand on the horizon,” OPEC Secretary General Haitham Al Ghais wrote in the foreword of OPEC’s latest World Oil Outlook (WOO), which sees global oil demand growing by about 19% from now until 2050 to reach 123 million barrels per day (bpd). In view of slowing Chinese demand growth, OPEC revised down its oil demand growth forecasts for all years between 2025 and 2029.

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Oil Barrel IT 275

Iraq Business News: Oil & Gas

JULY 14, 2025

By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP). The statement follows a high-level meeting held on 12th July 2025 between International Oil Companies (IOCs) operating in the Kurdistan Region - including APIKUR members - and representatives of both the KRG a

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Oil Petroleum Government Pipeline 59

Marcellus Drilling News

JULY 15, 2025

Verne, Inc., a California-based energy company, announced last week that it will open its first manufacturing plant in the Marcellus Energy Park near Muncy, Lycoming County, PA. Verne developed a process to increase the density of hydrogen by storing the gas in a cold and compressed state, making it more efficient to transport in larger.

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Manufacturing Transportation Gas Energy 154

Oil Review Middle East

JULY 11, 2025

ADNOC Gas has entered into a US$400mn three-year LNG supply agreement with Germany’s SEFE Securing Energy for Europe, as it continues to expand its global business The agreement is for the delivery of 0.7mn tonnes of LNG, which will be supplied from ADNOC Gas’ Das Island 6 mtpa liquefaction facility. It builds on the ongoing collaboration between the UAE and Germany, including the 2022 Energy Security and Industry Accelerator (ESIA) pact and the 2024 Joint Declaration with the state of Baden-Wür

Gas 52

Gas Sustainable Sustainability Energy 52

OilPrice

JULY 10, 2025

Governments and policy makers must better anticipate and prepare for energy crises before they happen, drawing from past experience and increasing diversification of supply, predictability in policy, and international cooperation, Fatih Birol, Executive Director at the International Energy Agency (IEA), said on Thursday. Many tools to tackle energy security today have been developed after crises have hit in the past.

Energy 167

Energy Energy Casing Government 167

BOE Report

JULY 16, 2025

Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up.

Oil 69

Oil Energy Energy 69

Offshore Engineer

JULY 14, 2025

Jadestone Energy, an Asia-Pacific focused oil and gas company, has increased production rates expectations from the Montara field offshore Australia, as the drilling…

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Field Energy Energy Offshore 45