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electricity networks, with power utilities focusing more on building out capacity from natural gas plants and renewable energy sources. According to energy data portal Cleanview, five years ago, the United States had 74 times more wind farm capacity and 30 times more solar capacity than battery capacity within its power generation system.
China is increasingly integrating artificial intelligence into its energy system to increase the sector’s efficiency and enhance national energy security. As early as 2020, the Chinese state-owned natural gas giant Gas Holdings Ltd.
The Middle East is on track to surpass Asia to become the world’s second-largest gas producer in 2025, ranking only behind North America, according to Rystad Energy research and analysis.
Weeks after New Fortress Energy rallied on news of a temporary contract extension for LNG supply to Puerto Rico, Bloomberg now reports the island has idled temporary power plants after the company abruptly halted a critical gas shipment, raising the risk of power outages at the peak of summer demand.
The clean energy revolution will depend on a steady supply of critical minerals to support the manufacturing of a wide range of technologies, from wind turbines to electric vehicle batteries. The United States Energy Act of 2020 provided an operational definition of ‘critical minerals’ as those that are: essential…
(Oil Price) – Energy investments this year are set to hit $3.3 trillion on the back of a strong increase in spending on things such as wind and solar, the International Energy Agency has forecast. trillion, the total for what the IEA calls clean energy certainly seems impressive.
Despite the lowest coal prices in Asia in four years, India’s coal power generation dipped in May to the lowest since the Covid lockdowns of 2020, as a lack of heatwaves and soaring renewable energy installations and generation pushed down coal demand in the electricity sector.
has triggered power grid alerts and emergency warnings, highlighting the fragility of current energy infrastructure. Extremely tight power grids reinforce a core part of our energy thesis: the urgent need for clean, reliable baseload power, and there is no better option than nuclear. Nuclear energy remains…
Skip to main content Is geothermal energy ready to make its mark in the US power mix? July 17, 2025 | Article Adam Barth   Clint Wood Maximilian Moosburger   Bobo Stankovikj Next-generation geothermal energy may soon be a cost-competitive way to fill the need for clean, firm power in the United States.
News True Blue Blog A PG&E-supported program is serving as a model to help young people gain financial literacy Where energy conversations come to life. The energy sector plays a critical role in the future of reducing emissions, while also providing the essential energy customers and communities need.
AGA Newsroom True Blue Blog Where energy conversations come to life. Energy – and lots of it. Reliable energy is essential for long term success of the data computing centers necessary for maintaining AI’s momentum. Whether you like it or not, AI has become an integral part of the way that people move through the world.
Austin, Texas (May 28, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, successfully concluded its annual EVOLVE Conference, held May 12–15 in Houston, Texas. From AI-powered trading to clean fuel strategies, our attendees are not just adapting to change—they’re leading it.”
(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. In June 2025, the facility received its first cargo via a vessel chartered by energy major Shell.
These acquisitions will give the Anadarko Basin-centered independent producer its first significant footholds in the Permian and San Juan basins, through the purchase of assets from Sabinal Energy and entities managed by IKAV Energy. The deals will expand Mach’s total acreage footprint by roughly one-third to 2.8
Fact: Canada is on track to avoid 181 megatonnes of GHG emissions by 2050 while adding 400,000 clean energy jobs. LNG: A Bridge Fuel in Canada’s Energy Strategy Fact: The $40 billion LNG Canada project is designed to produce 14 million tonnes of LNG annually at world-leading efficiency. Natural gas isn’t going away overnight. "LNG
energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas [Read more]
(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
Global capital flows to the energy sector are is set to rise in 2025 to a record US$3.3 trillion, a 2% rise in real terms on 2024, despite headwinds from elevated geopolitical tensions and economic uncertainty, with clean energy technologies attracting twice as much capital as fossil fuels. Around US$2.2
Image by Sakorn Sukkasemsakorn via iStock British Columbia-based Hydron Energy Inc. Image by Sakorn Sukkasemsakorn via iStock British Columbia-based Hydron Energy Inc. Hydron Energy will manufacture, deliver, and commission the plant for an undisclosed customer in eastern Ontario, Canada, the company said in a news release.
Today, the UK is dependent on imports for almost 40% of its total energy. In a volatile world, relying on others for our energy is not a position of strength. Energy production in the UK is at historic lows. It is no coincidence that our energy prices were competitive, and our economy benefitted.
In what was described as “a significant decision for Texas property and energy law,” Texas Supreme Court affirmed a lower court ruling that produced water belongs to the mineral estate unless expressly conveyed to the surface estate owner. The opinion in Cactus Water Services v.
Read more California regulator recommends pausing oil profit penalty plan Summary : A top California energy regulator has recommended pausing Gov. trillion cubic feet (Tcf), the first annual drop since 2020, with Alaska’s reserves falling 22.7%. million bpd during the first 20 days of June. per gallon versus the $3.20
“The joint venture will capitalize on TotalEnergies’ established logistics infrastructure in the ARA region, where the 18,600-cubic-meter LNG bunker vessel Gas Agility has been in operation since 2020. We’d love to hear from you, join the conversation on the Rigzone Energy Network. cubic feet) LNG bunker vessel by 2028.
energy firms this week cut the number of oil and natural gas rigs operating for a 10th week in a row for the first time since July 2020, energy services firm Baker Hughes said in its closely followed report on Thursday. The oil and gas rig count, an early indicator of future output, fell [Read more]
Renewable energy sources are rapidly expanding and driving the decarbonization effort, yet certain industries, particularly those with hard-to-abate (HtA) emissions, require additional solutions. 2 Total 2020 emissions are based on the EU Emissions Trading System (ETS) 2020, considering only industry emissions.
Petronas not only anchors the nation’s energy sector, but also plays a key role in funding infrastructure, education, and social programs through dividends and taxes. Taufik, who has been heading Petronas since 2020, said it needs to be competitive with international oil majors and not just other national oil companies.
Both faced years-long fights over water permits before being canceled in 2020 and 2024, respectively. Owned by DT Midstream and TC Energy, the pipeline already moves 2.0 Concerns focus on land use, emissions, and changing patterns of local energy demand. Northeast Supply Enhancement (NESE, 0.40 Bcfd into North Carolina.
30, 2020 General Interest BHP confirms planned Bass Strait exit Aug. 18, 2020 Exploration & Development Esso Australia plans Bass Strait gas development expansion March 17, 2022 Companies Woodside, BHP sign share sale agreement to advance merger Nov. participating interest in the KUJV.
The Directorate reported that the Slagugle oil discovery, proven in 2020, holds an estimated 4.9 The Deepsea Yantai's next assignment involves drilling well 6406/11-2 S for Vår Energi and its partners in production license 586 in the Norwegian Sea, the Directorate said. All comments are subject to editorial review.
Energy Information Administration, driven by growth in tight oil production in Permian Basin. After 2020, production in Permian Basin increased at a faster pace than production outside the Permian. After 2020, Permian tight oil production grew at a slower pace than in 2017-19, but by December 2024 Permian production reached 5.6
billion since launching its seven-year plan in 2020. Since its 2020 peak share count, CNX has retired 89 million shares—about 40% of its float—at a remarkably efficient average price of $18.01. The company’s participation in Pennsylvania’s AI and Energy Innovation Summit underscores its emerging role in this rapidly evolving landscape.
Calgary, Alberta (July 23, 2025) — Enverus Intelligence Research (EIR), a subsidiary of Enverus , the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 2Q2025 upstream M&A activity and outlook for the rest of the year. EQT is one example, buying Olympus Energy for $1.8
(BOE Report) – BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP declined to comment. Overall, we still believe it likely that no deal will be agreed.
The deal completes the UK energy giant’s exit from wind power generation, transferring ownership of 10 assets across seven US states, according to a statement. LS Power is a closely held New York-based energy developer, investor and operator. (World Oil) – BP Plc has agreed to sell its U.S. bp shares rose 1.8% gigawatts, bp said.
The Slagugle oil discovery was initially proven in 2020, with preliminary estimates suggesting resources in the range of 30.8 - 61.6 million bbl of oil equivalent in Triassic reservoir rocks. The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund.
drilling activity has been on a steady decline throughout 2025, with the Baker Hughes rig count falling for the 11th consecutive week — the longest losing streak since the early pandemic-era collapse in 2020. For the week ending June 28, 2025 , the total U.S. rig count dropped to 547 , down 6% year-over-year.
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Iberdrola noted that through its offshore wind farms Wikinger, Baltic Eagle, and Windanker, Iberdrola has become the predominant operator of offshore wind energy in the German Baltic Sea. This new solar park expands the company’s commitment in Germany to include onshore renewable energy, it said.
Por lo tanto, México capitalizaría plenamente un incremento de precios : la cobertura actuó en 2020 cuando el precio cayó, pero en un 2025 alcista solo sirve de respaldo sin costo mayor. Energy Information Administration (2025). Today in Energy, 16 de junio de 2025. International Energy Agency (2025). Bibliografía U.S.
In the statement, TXOGA noted that, “since the Covid-low point of September of 2020”, the sector has added 51,200 Texas upstream jobs, which TXOGA pointed out is a 33.7 We’d love to hear from you, join the conversation on the Rigzone Energy Network. There’s a reason 700K+ energy professionals have subscribed.
In this case, geophysicist Thomas Sewak was hired by Sutherland Energy Co., In June 2020, Sewak sued SEC, claiming breach of the Agreement by (1) failing to pay the three final invoices; and (2) failing to provide Sewak the option to invest in SEC's drilling opportunities.
Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
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