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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. The region currently produces about 70 billion cubic feet per day (Bcfd) of gas, a figure that is forecast to increase by 30% by 2030 and…
electricity networks, with power utilities focusing more on building out capacity from natural gas plants and renewable energy sources. For years, battery systems have only played a marginal role in U.S.
With unique characteristics that insulate natural gas infrastructure from most major disturbances, customers rarely see service interruption, even if that customer is a large data center that consumes a lot of energy. If we want to get ahead in the race for AI dominance, then we need to lean on the reliability of natural gas.
As early as 2020, the Chinese state-owned natural gas giant Gas Holdings Ltd. was using artificial intelligence to more accurately predict complex and dynamic shifts in natural gas demand.…
Natural Gas Inventories as of July 18, 2025 The EIA has released its natural gas inventory report, showing a net increase of 23 Bcf as of July 18, 2025. Working gas in storage was 3,075 Bcf as of Friday, July 18, 2025, according to EIA estimates. At 3,075 Bcf, total working gas is within the five-year historical range.
Natural Gas Inventories as of June 27, 2025 The EIA has released its natural gas inventory report, showing a net increase of 55 Bcf as of June 27, 2025. Working gas in storage was 2,953 Bcf as of Friday, June 27, 2025, according to EIA estimates. At 2,953 Bcf, total working gas is within the five-year historical range.
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. Natural gas-fired generation and its share in the…
Natural Gas Inventories as of July 4, 2025 The EIA has released its natural gas inventory report, showing a net increase of 53 Bcf as of July 4, 2025. Working gas in storage was 3,006 Bcf as of Friday, July 4, 2025, according to EIA estimates. At 3,006 Bcf, total working gas is within the five-year historical range.
Natural Gas Inventories as of June 20, 2025 The EIA has released its natural gas inventory report, showing a net increase of 96 Bcf as of June 20, 2025. Working gas in storage was 2,898 Bcf as of Friday, June 20, 2025, according to EIA estimates. At 2,898 Bcf, total working gas is within the five-year historical range.
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.
What’s more, the IEA believes that spending on non-hydrocarbon energy, including, besides wind and solar, also nuclear, grid upgrades, energy storage, new fuels, and efficiency, will be twice the amount spent on oil and gas this year. trillion, the total for what the IEA calls clean energy certainly seems impressive.
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]
(World Oil) – Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter.
onshore wind business to LS Power, as the company continues efforts to pivot back toward its core oil and gas business and reverse years of share underperformance. BP’s retreat from the wind business follows a splashy entrance to offshore wind in 2020 under Auchincloss’ predecessor Bernard Looney.
America’s energy goals are only achievable through continued investment in innovation and infrastructure, particularly with our natural gas distribution system. Safety and efficiency improvements to natural gas infrastructure have helped the U.S. Natural gas utilities invest nearly $1.5
natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.797 trillion cubic feet (tcf) on October 31, 2025, according to analysts’ estimates. (BOE Report) – U.S.
Another optionâcarbon-capture technology added to natural gas plantsâfaces challenges in becoming cost-competitive. These approaches typically dig deeper and through harder rock than where most oil and gas drilling occurs, so drilling for next-generation geothermal is currently more expensive than for traditional oil and gas.
According to the company, they will also nearly double overall production from 81,000 BOE/D to 152,000 BOE/D , while increasing natural gas exposure from 53% to 66%. “These acquisitions are transformative for Mach,” said Tom Ward, chief executive at Mach. The deals will expand Mach’s total acreage footprint by roughly one-third to 2.8
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]
Image by AlbertPego via iStock The United States displaced Russia as the European Union’s second-biggest natural gas supplier in the first quarter due to the expiry of imports of Russian pipeline gas via Ukraine at the start of the year, the European Commission has reported. volumes comprised 24 percent or 16.6
A marginal field bidding round was launched in 2020 to entice indigenous operators to invest in marginal field opportunities, drawing in 591 companies seeking to develop 57 oilfields. The government has long-sought to revive crude production through the development of marginal fields.
COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” COG said it owned the produced water and sued, the trial court agreed with COG, and the court of appeals affirmed.
Rising demand for natural gas and favorable policy support are driving major U.S. producers and pipeline operators to revisit plans for new infrastructure in Appalachia—the country’s most productive gas region. During the winter of 2024–2025, heating a home with oil cost roughly twice as much as with natural gas. million U.S.
Upstream natural gas spending is set to maintain the levels seen in 2024. Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. trillion going to oil, natural gas and coal. Around US$2.2
In total, EVOLVE welcomed attendees from more than 350 energy companies, including oil and gas operators, financial institutions, midstream firms, oilfield service providers and renewable energy developers. Collectively, these organizations represent: 60% of North American crude oil production 56% of natural gas production $12.1
Image by Alexey_Lesik via iStock TotalEnergies SE and CMA CGM Group on Wednesday announced an agreement to form a 50-50 venture to supply liquefied natural gas (LNG) fuel at the Port of Rotterdam, the Netherlands. TotalEnergies aims to increase the share of natural gas in its sales mix to nearly 50 percent by 2030.
Nonetheless, the agency said this year’s forecast for global demand growth of 700,000 bpd is the slowest since 2009, excluding 2020 when demand contracted due to the COVID pandemic. The IEA said that, while it may be too early to say U.S.
The Federal Clean Electricity Regulations (CER), finalized in December 2024, establish annual emissions limits for fossil fuel power plants, effectively phasing out coal and gas over three decades. It’s projected to cut cumulative greenhouse gas emissions by 181 megatonnes by 2050 , underscoring a vast investment opportunity.
Image by BrianAJackson via iStock Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! Otherwise, “we will be rendered irrelevant,” he said.
Image by Yutthana Gaetgeaw via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas producer last year was the United States. exajoules of natural gas in 2024, which represented a yearly reduction of 0.3 exajoules in 2020, 34.00
Image by Midnight Studio via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top natural gas consumer in 2024 was the United States. exajoules of natural gas last year, which represented a 1.3 natural gas demand was 26.00 consumed 32.5
natural gas sector. 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. Bcf of Remediated Mine Gas (RMG), and expects to process 17–18 Bcf of RMG in 2025. With NYMEX gas at $3.59/MMBtu,
Total industry GVA encompasses the following sectors: mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. 2 Total 2020 emissions are based on the EU Emissions Trading System (ETS) 2020, considering only industry emissions.
The Directorate reported that the Slagugle oil discovery, proven in 2020, holds an estimated 4.9 MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! million barrels of oil equivalent. million barrels of oil equivalent. million standard cubic meters of oil equivalent (approximately 30.8
June 30, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. This comes as California gas prices hit $4.61 national oil and gas rig count fell by seven to 547 for the week ending June 27, with oil rigs down six to 432 and natural gas rigs down two to a total of 109.
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. Oil & Gas Operator Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
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 million b/d – up 45 percent from 2020. million b/d – up 45 percent from 2020.
The lack of breadth in deal markets was reflected in the count of transactions over $100 million with just eight deals topping that benchmark, a tie for the lowest total since 2020. EOG also added substantial exposure to the gas window of the Utica with the acquisition.
Our manufacturing base cannot thrive without long-term energy cost reform, backed by secure domestic supplies. That means accelerating the build out of our renewable energy alongside the responsible production of our domestic oil and gas. It’s not an either/or. It’s a both/and. In the early 2000’s the UK was a net exporter of energy.
oil and gas drilling sector continues its downward trend as the Baker Hughes rig count fell for the ninth consecutive week , marking the longest streak of declines since mid-2020. Gas rigs up YOY , signaling selective interest in gas-focused plays. June 30, 2025 The U.S. Here is a concise summary of the latest U.S.
SHARES UNDERPERFORM BP’s stock has underperformed its peers since 2020 when its pivot to renewable energy left it lagging behind when global and gas prices surged. Abu Dhabi National Oil Company considered a takeover in 2024, but did not proceed, Reuters reported. BP declined to comment.
said it has received the first order for its commercial Intensified Regenerative Upgrading Platform Technology (INTRUPTor) biogas upgrading plant, which produces renewable natural gas (RNG). "We are excited to deploy our INTRUPTor solution for [the] production of renewable natural gas. All comments are subject to editorial review.
Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025. percent increase and an average growth of 875 jobs per month.
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