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Technology group Meta, the parent of Facebook and Instagram, has signed a 20-year power purchase agreement with Constellation Energy to take about 1.1 GW of electricity from Constellation's Clinton Clean Energy Center in Illinois. Meta and Constellation on June 3 said the contract means the power plant will continue to operate beyond its expected closure in 2027.
In a market increasingly governed by geopolitical tremors and macroeconomic mismatches, crude oil dipping below $65 per barrel seems like a gift to global consumers. But behind that price tag lies a slow-moving crisis for U.S. shale producers, many of whom are being forced to pull back on production, delay capital projects, and recalculate what sustainability means in a low-margin world.
Riyu Photovoltaic Plans Hong Kong IPO, Focusing on PV Silver Paste Manufacturing OnMay29,theofficialwebsiteoftheHongKongStockExchangeshowedthatJiangsuRiyuPhotovoltaicNewMaterialsCo.,Ltd.hadsubmitteditslistingapplication.BasedinWuxi.
At Cisco, were building the critical infrastructure for the AI era. And the shift from generative to agentic AI is making our work even more important and timely. Well be sharing more at Cisco Live on how we're helping to put our customers at the forefront of AI innovation.
National Grid in the UK has begun construction of a new Uxbridge Moor substation complex in Buckinghamshire, a project designed to connect more than one dozen new data centers to the electricity provider's network. The post UK’s National Grid Investing Billions for Substation Site to Power Data Centers appeared first on POWER Magazine.
The head of the International Atomic Energy Agency (IAEA) has warned about the ongoing risk of a nuclear accident in Ukraine, saying the "dangers to nuclear safety continue to be very real and ever-present." The presence of IAEA officials at nuclear facilities in Ukraine remains essential to help prevent a nuclear incident, Raphael Grossi said on June 3 after his 12th visit to Kyiv since the start of Russia's full-scale invasion in February 2022.
After years of setbacks, the UK is finally pushing ahead with two carbon capture and storage projects. While there is scepticism about the technology, says Ros Taylor, its supporters argue the cost is justified if the UK means to reach net zero. UK Prime Minister Keir Starmer visits the carbon capture and storage facility at the Encirc Glass plant. Credits: Number 10 | Flickr, Public domain.
Pennsylvania Governor Josh Shapiro is a typical liberal Democrat politician. He pretends to be moderate and a supporter of the Marcellus industry in the Keystone State. He is neither. Shapiro claims his proposed energy programs will cut costs for Pennsylvanians. The reverse is true. But were not just making blanket, unprovable assertions or opinions about.
Pennsylvania Governor Josh Shapiro is a typical liberal Democrat politician. He pretends to be moderate and a supporter of the Marcellus industry in the Keystone State. He is neither. Shapiro claims his proposed energy programs will cut costs for Pennsylvanians. The reverse is true. But were not just making blanket, unprovable assertions or opinions about.
The Department of Energys (DOEs) abrupt termination of 24 previously awarded projectsincluding four prominent power-related carbon capture projects will rescind $3.7 billion in financial assistance from its Office of Clean […] The post DOE Scraps $3.7B in OCED Projects, Upending Carbon Capture Progress at Power Plants appeared first on POWER Magazine.
In a contentiously pivotal move toward energy independence, Ukraine on Wednesday confirmed the launch of natural gas imports via the Trans-Balkan pipeline, bypassing Russian supply and allowing Ukraine to draw gas from European sources, including liquefied natural gas (LNG) imported through Greece and Azerbaijani gas from the Trans Adriatic Pipeline.
In February, MDN brought you the rumor that Canadian pension fund CPP Investments, the majority owner of Encino Acquisition Partners (aka Encino Energy), was considering either a sale of the company or possibly an initial public offering (see Shocker: Encino Energy Considers Sale or Possible IPO for $7B). The rumor was right. On Friday, EOG.
The current state of play for tariffs is creating headwinds and challenges, along with complexity and uncertainty, for global economies and certainly the renewable energy industry. While the renewable energy sector is no stranger to tariffs and the challenge they present, knowing the current status of such tariffs is the first step to developing mechanisms for dealing with them in a way that can give your project the best chance at success.
With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. As a result, upstream investments are expected to decline. Early signals from the peer group of majors support this trend, as they indicate plans to prioritize shareholder returnsparticularly dividends and buybacksover new investments.
Breaking News: Subscribe now OPEC+ V8 decided to increase production ceiling by 411 kbd in July. The impact is limited as we disused in the past (please see previous published Note and Podcasts on the subject). Please contact us if you have any questions. The production ceiling has risen by about 1.37 mb/d. The remaining voluntary cuts is 0.827 mb/d.
Last week, pipeline giant Williams filed a 246-page request with the Federal Energy Regulatory Commission (FERC) to expedite the reissuance of a certificate for the Northeast Supply Enhancement (NESE) project, a billion-dollar-plus project designed to increase Transco pipeline capacity and flows of Marcellus gas heading into New York City and other northeastern markets (see Williams.
Perovskite solar cells are a high-efficiency, low-cost alternative to traditional silicon-based solar panels. With the perovskite solar cell industry expected to reach $1.2 billion by 2033, theres enormous potential for […] The post Perovskite Solar Cells: What They Are and Why They Matter appeared first on POWER Magazine.
Venezuelas oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last monthdown only slightly from April
June 4, 2025 Share Subscribe now EOA’s Main Takeaway Last week's data gives a sense of normalcy: It generally followed historical trends, with higher refinery utilization reducing crude inventories and increasing product inventories. Imports and exports changes were minimal. Crude inputs into refineries was the highest in almost a year.
Three years ago, in May 2022, MDN brought you the surprising news that ethane, propane, and butane (NGLs) were being exported from a facility in Gibbstown, NJ, located along the Delaware River, at a former DuPont dynamite factory site (see Former NJ DuPont Dynamite Factory Near Philly Exporting NGLs). It is the same site that.
The Federal Energy Regulatory Commission (FERC) on May 13 of this year issued an order addressing the formula rate filings and requests for transmission rate incentives for the Valley Link […] The post Analysis: FERC Denies Hypothetical Capital Structure Incentive for Valley Link Transmission Project appeared first on POWER Magazine.
WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable global oil demand, a survey of banks by law firm Haynes Boone showed on Wednesday. A total of 28 banks a record high number participated in Haynes Boones Spring 2025 Energy Bank Price Deck Survey, now in its 12th year. The banks on average expect WTI Crude prices to average $58.30 per barrel in 2025, down from $61.89 a barrel expected in Haynes Boones Fall 2024 survey.
Oil remains firm, a weak dollar helps. And Eco Atlantic have got approval from the South African authorities for the stake in Block 1. The post Oil price, Eco Atlantic. appeared first on Malcy's Blog.
I have spent years in law firms and in-house legal departments counseling clients in the energy sector with respect to their contracts and the related process they utilize in papering […] The post Papering Energy: Do Your Contracts Have the Right Power? appeared first on POWER Magazine.
It is highly unlikely that anyone with even a modicum of intelligence has lost money in the past ten years or so by trading against the predictable thinking of those in charge of Saudi Arabias oil policy. Quite the reverse, in fact, with enormous profits available from the failures of the enormously well-flagged and exceptionally predictable strategy of the 2014-2016 and 2020 Oil Price Wars -- launched by the Kingdom with the intention of destroying or disabling the U.S.
Delighted to announce that yours truly will be joining Applied Computing 's Demo Day proceedings on June 10, 2025 at IET London Savoy Place in London, UK. The Oilholic will also be moderating the panel discussion titled - Redesigning Energy: New Technologies Powering the Transition - where we'll explore the critical role of technologies and their potential to help reshape the future of energy, industry, and sustainability.
RBN Energy is reporting that ethane and butane exports for Enterprise Products Partners and possibly other NGL exporters are in doubt following a notice received from the U.S. Bureau of Industry and Security (BIS) flagging such exports to China as a security risk. Specifically, ethane and butane exports pose an unacceptable risk of use in.
Rolls-Royce said it will more than double its production of backup power generation systems for data centers, and build a new facility in Minnesota, as part of a $24-million investment in U.S. manufacturing. The post Rolls-Royce Commits $24 Million for U.S. Data Center Power Systems appeared first on POWER Magazine.
OPEC+ did what everyone expected it to do last weekend, announcing another production ramp-up. Prices, however, did something that not everyone expected them to do: they went up. All eyes are now on demandand the disruption of supply. The eight members of OPEC+ that were keeping their production of crude oil under restraints agreed on Saturday to add another 411,000 barrels daily to their combined total in July after making identical agreements for May and June.
News True Blue Blog Where energy conversations come to life. The theme of this years financial forum: natural gas is fueling the moment, declared AGA VP, Membership and Strategic Development Edith Naegele at AGAs 2025 Financial Forum in Marco Island last week. The financial experts, investors, and industry professionals in attendance were clearly in agreement on the strong position of natural gas utilities.
Last week, MDN told you about House Bill (HB) 15, which makes significant changes to state energy policy to encourage the development of more in-state electric generation by making it easier (and more cost-effective) to build gas-fired power (see OH Passes Bill (Now Law) to Encourage More Gas-Fired Power Plants). The bill was signed into.
Oil continues to firm, a weak dollar and better supply and demand data is the reason. And Rockhopper has a great independent resource evaluation from NSAI but has lost the OM case. The post Flash blog: Rockhopper appeared first on Malcy's Blog.
Russias National Wealth Fund, a rainy-day reserves fund, saw its liquid assets drop by the equivalent of nearly $6 billion in May, data from the Russian finance ministry showed on Wednesday. The National Wealth Fund had its readily available liquid assets drop by $5.75 billion (453.8 billion Russian rubles) in May, and the total value dropped to $35.5 billion (2.8 trillion rubles).
Natural Gas Inventories as of May 30, 2025 The EIA has released its natural gas inventory report, showing a net increase of 122 Bcf as of May 30, 2025. Working gas in storage was 2,598 Bcf as of Friday, May 30, 2025, according to EIA estimates. This represents a net increase of 122 Bcf from the previous week. Stocks were 288 Bcf less than last year at this time and 117 Bcf above the five-year average of 2,481 Bcf.
This is ingenious and yet another example of how free market capitalism is superior to every other economic system on earth. You likely know that artificial intelligence (AI) and the data centers that are needed to offer AI to the masses have some downsides. Namely, data centers (and the gas-fired power plants that power them).
Oil is up two bucks on the Opec production increase. Kistos has canceled the remaining hybrid bonds and Balder is just round the corner. Sunda has results, Jadestone hire a new CEO and Tower also have figures. The post Oil price, Kistos, Sunda, Jadestone, Tower. And finally… appeared first on Malcy's Blog.
The U.S. is off to a strong start to the driving season as the slump in oil prices in recent weeks has led to the lowest gasoline prices for Memorial Day weekend in four years. Gasoline demand was strong over the holiday weekend, which ushers in the start of the period of peak demand in the United States and the rest of the northern hemisphere.
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