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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. However, steady cost declines coupled with rising energy density levels have encouraged utilities to ramp up their battery installations, with…
Global crude oil production declined by 1% last year, for the first time since 2020, averaging 72.58 million barrels daily, OPEC said in the latest edition of its Annual Statistical Bulletin.
As early as 2020, the Chinese state-owned natural gas giant Gas Holdings Ltd. China is increasingly integrating artificial intelligence into its energy system to increase the sector’s efficiency and enhance national energy security.
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…
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, which advises industrialised countries, expects global supply to rise by 2.1 It was trading near $69 on Friday.
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. â McKinsey, March 21, 2023.
Demand for oil this year, according to the IEA, is set to decline for the first time since the pandemic lockdowns of 2020. (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.
Energy loss is expensive, with a recent study showing 78% of surveyed data centers experienced power outages between 2017 and 2020, costing some of those facilities more than $100,000 per incident. AGA Newsroom True Blue Blog Where energy conversations come to life. And what does AI infrastructure need to succeed? Energy – and lots of it.
Mach Natural Resources has signed two definitive agreements totaling $1.3 billion , marking a major strategic move beyond its traditionally Oklahoma-focused operations. Active Growth Strategy Mach has been an aggressive acquirer since its founding in 2018, having completed more than 20 deals over the past seven years.
The French oil major sent a letter earlier this week along with a so-called notice to proceed with site preparation to companies including Portuguese builder Mota-Engil SGPS SA, which won a $365 million contract with Belgian construction firm Besix Group SA in 2020 to build marine facilities for the project, according to one of the people.
Working gas in underground storage, Lower 48 states Historical Comparisons Stocks billion cubic feet (Bcf) Year ago (06/27/24) 5-year average (2020-24) Region 06/27 /25 06/20/ 25 net change implied flow Bcf % change Bcf % change East 602 589 13 13 658 -8.5 This represents a net increase of 55 Bcf from the previous week.
Working gas in underground storage, Lower 48 states Historical Comparisons Stocks billion cubic feet (Bcf) Year ago (07/18/24) 5-year average (2020-24) Region 07/18 /25 07/11/ 25 net change implied flow Bcf % change Bcf % change East 634 628 6 6 695 -8.8 This represents a net increase of 23 Bcf from the previous week.
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. GEIL has since received regulatory approval from the government to boost production to 30,000 bpd under a revised field development plan.
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]
Working gas in underground storage, Lower 48 states Historical Comparisons Stocks billion cubic feet (Bcf) Year ago (07/04/24) 5-year average (2020-24) Region 07/04 /25 06/27/ 25 net change implied flow Bcf % change Bcf % change East 616 602 14 14 679 -9.3 This represents a net increase of 53 Bcf from the previous week.
Vodafone recently achieved CO2 neutrality for its direct and indirect emissions (Scope 1 and 2), thanks to its shift to renewable power starting 2020, Iberdrola noted. Image by Tatyana Kolchugina via iStock Iberdrola S.A.’s The facility in the municipality of Boldekow, some 180 kilometers (111.8
In 2019 and 2020 the Colliers signed “produced water lease agreements” with Cactus Water Services, conveying produced water to Cactus. The four leases were granted by two surface owners, the Colliers, between 2005 and 2014, and COG drilled 72 horizontal wells that generated nearly 52 million barrels of produced water.
Working gas in underground storage, Lower 48 states Historical Comparisons Stocks billion cubic feet (Bcf) Year ago (06/20/24) 5-year average (2020-24) Region 06/20 /25 06/13/ 25 net change implied flow Bcf % change Bcf % change East 589 563 26 26 644 -8.5 This represents a net increase of 96 Bcf from the previous week.
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. EVOLVE 2025 is more than a conference—it is a catalyst and full-fledged experience,” said Manuj Nikhanj, CEO of Enverus.
million metric tons of greenhouse gas emissions in 2020 and will continue to be a driving force in emissions reduction. Energy efficiency programs also helped natural gas utilities save 1.7
Global refinery investment in 2025 is set to fall to its lowest level in the past 10 years. In contrast, investment in new LNG facilities is on the rise, with new projects in the USA, Qatar, Canada and elsewhere set to come online. Battery storage investments are also climbing rapidly.
For context, capacity grew just 8% from 2020 to 2024. Fact: Canada is on track to avoid 181 megatonnes of GHG emissions by 2050 while adding 400,000 clean energy jobs. Canada’s journey to a net-zero economy by 2050 is more than rhetoric—it's a multi-billion-dollar transformation powered by policy, incentives, and industry execution.
2 Total 2020 emissions are based on the EU Emissions Trading System (ETS) 2020, considering only industry emissions. Since 2020, EU ETS allowance prices have increased from â¬25/ton CO 2 to approximately â¬60 to â¬80/ton today. Power generation is not included. âETS database v51,â European Environment Agency, May 2023.
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. “The margins are shrinking, the fields are getting smaller,” Taufik said. “It will be challenging to meet dividend targets” with current oil prices, he said.
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. BP says it has net debt of $27 billion – already more than some rivals – but its disclosures show that it has around $38 billion of additional liabilities. BP declined to comment.
“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. cubic feet) LNG bunker vessel by 2028. That new deal is on top of two previous supply agreements.
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]
BP’s retreat from the wind business follows a splashy entrance to offshore wind in 2020 under Auchincloss’ predecessor Bernard Looney. (World Oil) – BP Plc has agreed to sell its U.S. The value wasn’t disclosed, but bp said will provide an update on divestment proceeds when it reports second-quarter results early next month.
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. CNX Resources continues to demonstrate why it’s one of the most resilient and forward-thinking players in the U.S. natural gas sector.
Speaking to a conference of industry representatives, Mr Whitehouse is expected to say: “The Prime Minister is right to say that energy security is national security. Today, the UK is dependent on imports for almost 40% of its total energy. It’s a both/and. In the early 2000’s the UK was a net exporter of energy. A competitive tax regime.
trillion cubic feet (Tcf), the first annual drop since 2020, with Alaska’s reserves falling 22.7%. However, some market tightness remains as previous OPEC+ production increases have been lower than what was expected by analysts, providing a floor under the prices. million bpd during the first 20 days of June. in 2023 to 46.4
Both faced years-long fights over water permits before being canceled in 2020 and 2024, respectively. Reviving Cancelled Projects Williams is reviving two major pipelines once scrapped due to tough permitting battles: Constitution Pipeline (0.65 Bcfd): Connecting Pennsylvania gas to New York. Northeast Supply Enhancement (NESE, 0.40
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. Upstream M&A decelerated in the second quarter of 2025, with value falling 21% quarter-over-quarter to $13.5 Its acquisition of Encino for $5.6
The Directorate reported that the Slagugle oil discovery, proven in 2020, holds an estimated 4.9 This is the third exploration well in production license 891, awarded in the Awards in Predefined Areas (APA) in 2016, the Directorate said in its notice. million standard cubic meters of oil equivalent (approximately 30.8
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.
Image by Sakorn Sukkasemsakorn via iStock British Columbia-based Hydron Energy Inc. 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). Financial terms of the deal were not disclosed.
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. June 30, 2025 The U.S. For the week ending June 28, 2025, the total active rig count dropped by 7 to 547 — a 6% decline year-over-year.
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 percent increase and an average growth of 875 jobs per month.
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.
Spanning over 640 miles with a 1.5 million barrels per day capacity , the pipeline was developed through a joint venture to meet growing demand for safe, efficient, and high-volume takeaway from West Texas. midstream infrastructure. miles Current Permitted Mileage (2024): 521.71 miles Current Permitted Mileage (2024): 521.71
crude futures curve since 2020. (Oil Price) – Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. shale producers. Saudi Arabia accounted for 2 mb/d of the group’s 3.15 mb/d in output cuts before it started unwinding in April.
(BOE Report) – Brent crude oil is up around 20% so far in June, and set for its biggest monthly jump since 2020 as Israel/Iran tensions flare-up. It remained elevated on Friday. Trading at around $77 a barrel, oil is below 2022’s $139 high, but is nearing pain points. “If Unease rose after Israel launched its strike on Iran a week ago.
exajoules in 2020, 30.11 natural gas demand was 26.00 exajoules in 2014, 26.77 exajoules in 2015, 26.97 exajoules in 2016, 26.63 exajoules in 2017, 29.59 exajoules in 2018, 30.64 exajoules in 2019, 30.07 exajoules in 2021, 31.69 exajoules in 2022, and 32.0 exajoules in 2023, according to the EI’s review. That figure represented a 4.9
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