Trending Articles

article thumbnail

Funding the Power Surge: Navigating the Trillion-Dollar Investment in the U.S. Power Sector

POWER Magazine

The U.S. power sector stands at a juncture, facing a confluence of factors that are poised to trigger an era of unprecedented growth and necessitate a large influx of capital. Driven by the increasing demand from data centers, the reshoring of manufacturing, and electrification across transportation, heating, and industry, the demand for electricity is rising at a pace unseen in recent decades.

article thumbnail

Shale Slowdown? Halliburton Sounds the Alarm

OilPrice

The heightened oil market and macroeconomic uncertainties in recent weeks are baffling not only analysts. Halliburton, the oilfield services giant with the highest exposure to the U.S. fracking market, has just warned investors that its U.S. customers are re-evaluating drilling activity plans for 2025. Looking forward, many of our customers are in the midst of evaluating their activity scenarios and plans for 2025, Halliburtons chairman, president, and CEO, Jeff Miller, said on the first-quarter

Oil 357
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Plug Power Group Commissions Hydrogen Liquefaction Plant in Louisiana

POWER Magazine

Hidrogenii, a joint venture between Plug Power and Olin Corp., said it has commissioned a 15 metric-ton-per-day (TPD) hydrogen liquefaction plant in St. Gabriel, Louisiana. Plug Power on April 17 said the facility is among the largest electrolytic hydrogen liquefaction plants in North America. The post Plug Power Group Commissions Hydrogen Liquefaction Plant in Louisiana appeared first on POWER Magazine.

IT 246
article thumbnail

The UK Is Doubling Down on Wind Energy

OilPrice

The U.K. is already a world leader in wind energy, having rapidly expanded both its onshore and offshore wind capacity over the last decade. Now, under the new Labour government, the U.K. hopes to expand its wind power sector even further through the massive expansion of the Rampion offshore wind farm. This is expected to help the government progress towards achieving its net-zero carbon ambitions.

Energy 360
article thumbnail

The Staggering Cost of Forced Green Energy Transition on Consumers

Marcellus Drilling News

The research continues to roll in that deeply blue Democrat states that insist on forcing their citizens to convert to so-called green energy are driving them out of those states. Last week, we brought you an analysis of counties along the Pennsylvania/New York border, on either side (see New Study Compares Frackings Economic Impact on.

Energy 273
article thumbnail

April 20: A Historic Day in the Oil Industry

Energy Outlook Advisors

Share Today, April 20, marks the anniversary of three major events that reshaped the oil industry: negative oil prices in 2020, the Deepwater Horizon explosion in 2010 , and Adolf Hitler's birth in 1889. This note focuses on the 2020 negative oil prices.

Oil 183
article thumbnail

Regional Partners Insights on Downstream Technology Strategies at PRC Europe 2025

Oil & Gas 360º

( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Supported by Regional Partners Technip Energies, Sonatrach Raffineria Italiana S.r.l., Wood and Saras S.p.A., the event facilitates strategic discussions on reshaping the downstream sectors future.

More Trending

article thumbnail

Fake Harvard Research Helped Defeat Virginia Power Plant Project

Marcellus Drilling News

One week ago, MDN told you that an on-again, off-again plan to build a massive natural gas-fired power plant (that would use Marcellus gas) in Pittsylvania County, Va., had been pulled by the builder (see Plan for Va. Data Center with 3,500 MW Gas-Fired Plant Canceled). There is more to the story. Even after the.

article thumbnail

Oil price, Pharos, PetroTal. And finally…

Malcolm Graham Wood

Oil is even today as Opec+ considers Russia and Kazakhstan. Today I have an interview with Katharine Roe, CEO of Pharos Energy and PetroTal add an NED. The post Oil price, Pharos, PetroTal. And finally… appeared first on Malcy's Blog.

Oil 147
article thumbnail

Hidden in Plain Sight | Forecasting the Next Wave of Data Centers

Enverus

Where are data centers getting built? Who owns land locked up and where? These are common questions we are getting from clients. Case in point: Williams’ recent development in New Albany, Ohio, grabbed headlines, potentially powering a massive behind-the-meter gas-fired power project, operating without CCUS, under a 10-year power purchase agreement.

article thumbnail

Duke Energy, GE Vernova Strike Major Gas Turbine Deal to Support Explosive Demand Growth

POWER Magazine

Duke Energy has signed a sweeping partnership with GE Vernova for the supply of advanced gas turbines and associated equipmentpotentially securing up to 11 of GE Vernovas flagship 7HA units […] The post Duke Energy, GE Vernova Strike Major Gas Turbine Deal to Support Explosive Demand Growth appeared first on POWER Magazine.

Gas 182
article thumbnail

China Axes Imports of Most U.S. Commodities in Escalating Trade War

OilPrice

China slashed its imports of many U.S. energy and agricultural commodities in March amid intensifying trade and tariff tensions with the United States, which are set to further reduce Chinese purchases of American goods this month and in the coming months. Chinas LNG imports from the United States crashed to zero in March as China slapped tariffs on American LNG and other energy products, making these uneconomical for Chinese buyers.

Energy 356
article thumbnail

SRBC Approved 58 Shale Gas Well Pad Water Use Permits in March

Marcellus Drilling News

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling. The SRBC published a notice in the April 19 Pennsylvania Bulletin that.

Basin 263
article thumbnail

Flash blog: Afentra, Jadestone.

Malcolm Graham Wood

Oil eased yesterday as Opec+ said that production could be increased in June.Today afentra has supplied excellent results, as ever and Jadestone is tightening the belt. The post Flash blog: Afentra, Jadestone. appeared first on Malcy's Blog.

Oil 147
article thumbnail

Bring Your Child to Work Day – Future Workforce and Natural Gas 

American Gas Association

News True Blue Blog Where energy conversations come to life. Bring Your Child to Work Day is a time-honored tradition each April where kids get to learn about what their parents actually do when they disappear from 9 to 5 each day. For natural gas utilities, the children of many employees might be surprised by what they find when they go to the office with their parents this April.

article thumbnail

Kazakhstan Defies OPEC+ in Push for Oil Autonomy

OilPrice

Kazakhstan has sparked fresh tensions within OPEC+ by asserting that its oil production strategy will be governed by national interests rather than group quotas, raising questions about future compliance and cohesion within the cartel. Kazakh Energy Minister Erlan Akkenzhenov told Reuters on Wednesday that the Central Asian producer, which pumps around 2% of the worlds oil, cannot reduce output at key projects led by foreign majors such as Chevron and ExxonMobil.

Oil 355
article thumbnail

EQT Buying Olympus Energy for $1.8 Billion; 90K Acres, 0.5 Bcf/d

Marcellus Drilling News

The rumor mill was right. In February, MDN brought you the juicy rumor that Olympus Energy, founded in 2012 as Huntley & Huntley Energy Exploration (a company that drills exclusively in the Pittsburgh suburbs), was being shopped for sale by its main financial backer (see Blackstone Looks to Sell M-U Driller Olympus Energy for $2.

BCF 261
article thumbnail

Oil price, Pharos Energy. And finally…

Malcolm Graham Wood

Oil continues to rise on geopolitical grounds right now. And today Pharos announce that their COO is moving on. The post Oil price, Pharos Energy. And finally… appeared first on Malcy's Blog.

Oil 147
article thumbnail

Fueling America’s Energy Future This Earth Day

American Gas Association

News True Blue Blog Where energy conversations come to life. Each year, Earth Day inspires people across the country and around the globe to celebrate the incredible planet we call home and consider ways we can help improve its future. The natural gas industry plays a critical role in advancing a more efficient energy future, which is not only better for consumers but also better for the planet.

article thumbnail

Con Edison Building New Transmission Line for NYC Borough

POWER Magazine

Con Edison has said it is investing $125 million to build a new transmission line that will support economic development and the electrification of buildings and vehicles in Queens, New York. The Reliable Clean CityLong Island City project will connect the Vernon and Newtown substations in Long Island City. The post Con Edison Building New Transmission Line for NYC Borough appeared first on POWER Magazine.

IT 147
article thumbnail

China Unveils World’s 1st ‘Meltdown Proof’ Thorium Reactor

OilPrice

Chinese scientists have achieved a significant milestone in clean energy tech after successfully adding fresh fuel to an operational thorium molten salt reactor, Chinese state media has reported. According to Guangming Daily, the 2-megawatt experimental reactor is located in the Gobi Desert, and the latest milestone puts China at the forefront in the race to build a practical thorium reactorlong considered a more abundant and safer alternative to uranium.

article thumbnail

Nat’l Rig Count Adds 2 @ 585; Marcellus Up 1 @ 25, Utica Up 2 @ 13

Marcellus Drilling News

The Baker Hughes U.S. national rig count recovered somewhat last week, adding two rigs after losing seven rigs two weeks ago. The U.S. count now stands at 585 active rigs. There was big news for the Marcellus/Utica. The combined M-U rig count was 38 last week. That is the highest M-U combined count in almost.

Energy 254
article thumbnail

‘Challenging pace of the energy transition’ hits Aberdeen manufacturing

Energy Voice

The challenging pace of the energy transition and accelerated decline of traditional North Sea activity are taking their toll on Aberdeen manufacturers, business leaders have said.

article thumbnail

Natural Gas is the Foundation of America’s Energy Future 

American Gas Association

News True Blue Blog Where energy conversations come to life. Every stable house needs a foundation that first layer of stability that provides reliable ground to build on. In the same way, the American energy system needs natural gas. Natural gas is one of the most stable and trusted fuels for our daily needs, delivering reliable, affordable and safe energy to communities across the country whenever they need it.

article thumbnail

Optimizing Supply Chain Processes to Ensure a Reliable Electric Power System

POWER Magazine

The power industry supply chain is facing unprecedented strain as utilities race to upgrade aging infrastructure against a backdrop of lengthening lead times and increasing project complexity. As one Midwestern […] The post Optimizing Supply Chain Processes to Ensure a Reliable Electric Power System appeared first on POWER Magazine.

article thumbnail

China’s Oil Supertankers Face $5.2-Million Fee per U.S. Port Call

OilPrice

The U.S. move to penalize China-built and China-owned vessels calling at U.S. ports could lead to an oil supertanker made in China and operated by a Chinese company facing a fee of up to $5.2 million per call at a U.S. port, shipbrokers have estimated. The U.S. last week announced fees on vessel owners and operators of China based on net tonnage per U.S. voyage.

Oil 344
article thumbnail

U.S. Marketed NatGas Production Grew a Modest 400 MMcf/d in 2024

Marcellus Drilling News

U.S. marketed natural gas production remained “relatively flat in 2024,” according to the U.S. Energy Information Administration (EIA). Gas production last year grew “by less than 0.4 billion cubic feet per day (Bcf/d) compared with 2023 to average 113 Bcf/d,” according to EIA’s latest Natural Gas Monthly report. Translated another way, production grew around 400.

BCF 229
article thumbnail

US refiner Phillips 66 posts bigger-than-expected quarterly loss

Oil & Gas 360º

(BOE Report) – Phillips 66 reported a bigger-than-expected loss in the first quarter on Friday, as lower refining margins amid a widespread maintenance and turnaround activity across the U.S. refining sector weighed on its performance. U.S. refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases.

Refinery 130
article thumbnail

Core Finance CEO Interview: Katherine Roe of Pharos Energy

Malcolm Graham Wood

Katherine joins Malcy to discuss her new position as CEO of Pharos and what the future holds for the company. Pharos Energy is an independent energy company with a focus on delivering long-term sustainable value for all stakeholders through regular cash returns and organic growth. The post Core Finance CEO Interview: Katherine Roe of Pharos Energy appeared first on Malcy's Blog.

Finance 130
article thumbnail

Geothermal Energy Growing as Renewable Energy Resource

POWER Magazine

Want to learn more about geothermal energy? POWER has published a series of articles related to geothermal power, ranging from the importance of geothermal as a power generation resource, to technologies supporting the development of geothermal. The post Geothermal Energy Growing as Renewable Energy Resource appeared first on POWER Magazine.

Energy 147
article thumbnail

Doubts Arise Over Azerbaijan Gas Export Targets

OilPrice

Azerbaijani leader Ilham Aliyev wants the European Union to ease regulatory hurdles and improve financing conditions to enable an expansion of natural gas exports. But recently published data raises doubts about whether Azerbaijan can meet a commitment of exporting 20 billion cubic meters (bcm) of gas annually to the EU by 2027.

Gas 343
article thumbnail

FERC OKs PJM Deal with Devil (Shapiro) for Higher Rates, Blackouts

Marcellus Drilling News

In January, MDN reported that the PJM Interconnection electrical grid operator, covering Pennsylvania (along with all or parts of 12 other states and the District of Columbia), had caved to the political demands of PA Gov. Josh Shapiro to artificially cap the prices of the next capacity auction scheduled for July 2025 (see PJM Grid.

Operator 226
article thumbnail

SLB wraps up oilfield services quarter with profit miss, cautious outlook

Oil & Gas 360º

(Reuters) – Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, and the company warned of a potential industry-wide shift due to economic uncertainty, volatile oil prices and rising tariff risks. Shares of the company fell nearly 2% in premarket trading following results.

article thumbnail

Canada’s pipeline builders ready to get to work

BOE Report

Leaders push to substantially revisit Impact Assessment Act ByDeborah Jaremko It was not a call he wanted to make. In October 2017, Kevin ODonnell, then chief financial officer of Nisku, Alta.-based Banister Pipelines, got final word that the $16-billion Energy East pipeline was cancelled.

Pipeline 137
article thumbnail

Catalyze Announces Community Solar Acquisition in New York

POWER Magazine

Catalyze, a Houston, Texas-headquartered fully integrated developer and independent power producer of distributed renewable energy assets, announced it has acquired 48 MW of community solar projects in New York from hep solar, a globally operating German solar development and investment group. The post Catalyze Announces Community Solar Acquisition in New York appeared first on POWER Magazine.

Operator 130
article thumbnail

Drill, Baby, Drill. But for Water

OilPrice

A while ago, in a article about investment opportunities, we concluded that water was the new oil, the commodity that would provide one of the the best returns in the future. A bit hyperbolic, maybe? But there is another aspect of water relevant to resource industries, namely that its scarcity will inhibit or raise costs of resource development, including that of oil and gas.

Petroleum 331
article thumbnail

New Equipment, AI Lowering Emissions in the M-U Midstream

Marcellus Drilling News

Compressor Station 165 in Pittsylvania County (in southern Virginia) is part of the Transco pipeline network, the nations largest-volume interstate natural gas pipeline system.

Midstream 213