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Energy Information Administration (EIA) analyzed proved reserves data for 2023 (the most recent year available) and determined that proved reserves of U.S. The number crunchers at the U.S. natural gas decreased 12.6% year over year, from 691.0 trillion cubic feet (Tcf) to 603.6 This was the first annual decrease in U.S.
The United States continued to produce more energy than it consumed in 2024. This surplus energy production helped energy exports grow to a record high 30.9 quadrillion British thermal units (quads) in 2024, up 4% from 2023. Energy imports remained flat at 21.7 quads more.
A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m The results come after US investment group Apollo agreed to buy OEG Energy…
(EIA) – In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. energy consumption in 2024. Nonfossil fuel energy—from renewables and nuclear energy—accounted for the other 18%.
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.
Despite expectations, the recent geopolitical turbulence in the Middle East—especially the events of October 7, 2023, and the escalation between Israel and Iran—did not deliver a severe blow to global energy markets. Compared to past regional crises or major global shocks like the Russia–Ukraine war, the impact was surprisingly muted.
MARCELLUS/UTICA REGION: Energy Innovation Center Institute training program could go national; OTHER U.S. proved reserves fell in 2023 from 2022 record; Gen. REGIONS: California’s climate superfund bills fail again; Let’s hope Kathy Hochul took notes as investors poured $100B into Pa.
Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 At the end of 2023, Eni agreed to sell 9% in Plenitude to Energy Infrastructure Partners (EIP). billion (12 billion euros). Plenitude is…
(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025 , featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown.
(Oil & Gas 360) – Five Nuclear Companies to Present at EnerCom Denver – The Energy Investment Conference Qualified Investors, Analysts and Energy Industry Professionals Can Register at No Cost at www.enercomdenver.com DENVER – July 23, 2025 – EnerCom, Inc., uranium mining and production.
is pleased to announce that Ron Gusek, CEO of Liberty Energy and Amerino Gatti, Executive Vice President of Oilfield Services & Equipment for Baker Hughes have been confirmed as keynote speakers at EnerCom Denver – The Energy Investment Conference. (Oil Gatti served on the Board of Helix Energy Solutions Group, Inc.
Publisher’s Note: Eni will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Oil Price) – Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8
The United States withdrew oil from its Strategic Petroleum Reserve for the first time last week since December 2023, data from the Energy Information Administration showed on Wednesday. Energy Department had announced last week that it will [Read more]
(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.
Publisher’s Note: Vermilion Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. (World Oil) – Vermilion Energy Inc. has entered into a definitive agreement for the sale of its U.S.
The increase was driven entirely by natural gas rigs, which rose by nine to 117 (their biggest jump since July 2023), while oil rigs actually fell by two to a low of 422. The post Valor | Energy Connection – July 21, 2025 appeared first on Oil and Gas Outsourcing and Mineral Management. year low of 422.
Read more In 2024, the United States produced more energy than ever before Summary : In 2024, U.S. energy production hit a record high of over 103 quadrillion British thermal units, up 1% from 2023. million barrels per day, a 2% increase from 2023. per barrel on June 6, its tightest since September 2023, due to U.S.
liquefied natural gas suppliers to secure a long-term purchase agreement, as rising energy demand leaves Japan increasingly dependent on the fuel source. The exporters include Energy Transfer LP and Commonwealth, according to the people, who asked not to be named because the information is private. (World Oil) – Tokyo Gas Co.
“Several TEF-backed projects are now posting unlevered, after-tax internal rates of return (IRRs) below 10%, roughly half of what returns were before supply chain constraints drove new gas-fired capex to more than double that of 2023 figures. . energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.
The Hess deal, announced in October 2023, was delayed after Exxon, which holds a 45% stake in Stabroek, and the field’s third partner CNOOC argued that they had a contractual right of first refusal to purchase Hess’s stake in the block. energy sector. producer in October 2023 with its acquisition of U.S.
Image by vitacopS via iStock The European Commission rolled out Wednesday a mechanism for coordinated purchases of hydrogen, the first mechanism under the EU Energy and Raw Materials Platform. The Commission’s Directorate-General for Energy said more products may be covered in the future. billion cubic feet).
judge has ordered Argentina’s government to transfer its 51% stake in energy major YPF to two former minority shareholders who sued after the nationalization of the company. These two sued in the United States, and in 2023, District Judge Loretta Preska ruled in favor of the plaintiffs, ordering Argentina to pay damages worth…
In late 2023, a welding inspector working on the 303-mile Mountain Valley Pipeline (MVP) said he had discovered three sections of the pipeline were corroded and violated construction standards and federal guidelines. A situation that’s been playing out for nearly two years is just now becoming public.
Read more Oil set for steepest weekly decline in two years as risk subsides Summary : Oil was set for its steepest weekly drop (~12%) since March 2023 as Mideast risk premium evaporated, with Brent crude falling from over $80 during the 12-day conflict to $68.15. in 2023 to 46.4 million bpd during the first 20 days of June.
Energy Information Administration (EIA). Stockpiles there are now the lowest since December 2023. Oil inventories dropped 11.5 million barrels in the week through June 13, the steepest slide since late June 2024, according to data released Wednesday by the U.S. The bulk of the decline came from the U.S. oil exports.
The deal is part of a framework agreement that the two companies first announced in December 2023 to support the development of projects in the region. GE Vernova’s Wind segment announced it has signed an agreement to provide Forestalia with eight of its 6.1-MW MW wind turbines to power a 49-MW wind project in Aragón, Spain.
Energy Information Administration reduced its forecast for crude oil production this year. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. million b/d in 2023 and 13.21 This week U.S. producers slowing their drilling and completion activity this year.
by Andreas Exarheas | Rigzone Staff | Wednesday, July 09, 2025 | 11:09 AM EST Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report. China’s renewable energy generation last year came in at 3,398.8 TH from wind energy, 839.0 TH from solar energy, 1,354.3
clean energy development, is now experiencing a noticeable slowdown. A recent wave of project cancellations — particularly in solar and battery storage — has raised questions about the near-term momentum of the state’s energy transition. may be a bellwether for broader national trends in clean energy.
Energy Information Administration estimated in May that retail electricity prices would outpace inflation through 2026. "It's a pretty simple story: It's a story of supply and demand," said David Hill, executive vice president of energy at the Bipartisan Policy Center and former general counsel at the U.S.
During EQT Corporation’s third quarter 2023 update and conference call (held in October 2023), the company announced “two of the largest, long-term physical supply deals ever executed” for 1.2 billion cubic feet per day (Bcf/d) of EQT’s molecules.
(Oil & Gas 360) – Join us as we celebrate three decades of bringing together the energy industry’s companies, investors, analysts, and industry leaders. Don’t miss the celebration, sponsorship opportunities are still available. The conference kicks off with the annual Charity Golf Tournament on Sunday, August 17th.
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.
court ordering Argentina to hand over the 51% stake it holds in state energy firm YPF has cast a shadow over the country’s plans for its huge Vaca Muerta shale formation and hopes to return to global markets. 4 for shale oil, into a key global energy-producing region that would help bring in foreign currency needed to prop up the economy.
(Oil & Gas 360) – Publisher’s Note: Oklo will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. HALEU enables more compact and efficient reactor designs and the US Department of Energy (DOE) projects a need for up to 40 metric tons annually by the early 2030s.
Energy Information Administration revealed its latest U.S. crude oil production forecast in its July short term energy outlook. Energy Information Administration (EIA) revealed its latest U.S. crude oil production forecast in its July short term energy outlook (STEO), which was released earlier this month.
Private energy consultancy Aleph Energy reported that Neuqu é n basin ’ s shale oil output hit 499,000 b/d in June, representing 93% of Neuqu é n Province ’ s total crude production. The energy trade surplus for first-half 2025 reached US$2.499 billion. In June, natural gas exports hit 8.28
sanctions on Venezuela’s energy industry since 2019. oil major Chevron (NYSE: CVX ) and other foreign firms in Venezuela have allowed a slight recovery in oil output and exports since 2023. That would be an over 15% hike from almost 700,000 bpd in 2023, according to data and documents viewed by Reuters. The licenses to U.S.
The heat dome’s impact draws parallels to Texas’ 2023 heat wave, where renewables and storage met up to 80% of ERCOT’s peak load. Nationally, more than $14 billion in clean energy projects have been canceled this year amid policy and economic uncertainty. (EIR)
holds a key weapon in its massive shale energy output. Read more Democrats, Independents cool on solar and wind energy, poll says Summary : An AP-NORC poll shows U.S. support for renewable energy has fallen since 2022, with backing for offshore wind expansion dropping from 59% to 44% and for solar farms from about 66% to 50%.
July 28, 2025 Map from BW Energy, June 2025 investor presentation BW Energy said it was preparing to spud the Kharas appraisal well in this year’s second half in the northwest corner of Kudu. BW Energy is the operator of the license with a 95% working interest ( OGJ Online, Jan. with Rhino Resources Ltd. tcf of gas (P 50).
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Vermilion Energy Completes Exit from USA with Asset Divestment by Rocky Teodoro | Rigzone Staff | Monday, June 09, 2025 | 8:00 AM EST The company said it expects the transaction, which has an effective date of January 1, to close in the third quarter.
“We expect ministers will continue the unwinding of the November 2023 tranche of cuts, increasing targets by 411,000 barrels per day for the fourth successive month,” the analysts said in the report. million barrels per day,” they added. million barrels per day in the third quarter of this year and a 0.2
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