OilPrice

JULY 15, 2025

The Energy Institute recently published its updated energy report, the 2025 Statistical Review of World Energy, showing data through the year 2024. In this post, I identify trends in the new data that I consider worrying. These trends help explain the strange behaviors that we have been seeing from governments recently.

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OilPrice

JUNE 24, 2025

million bpd, up by 5% compared to the 2024… Output from Canada’s oil sands will continue to rise beyond this year, according to S&P Global Commodity Insights’ 10-year production outlook. This year, production is set for a record annual average of 3.5

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Marcellus Drilling News

JUNE 23, 2025

The United States continued to produce more energy than it consumed in 2024. quadrillion British thermal units (quads) in 2024, up 4% from 2023. quads in 2024, indicating that the United States exported 9.3 This surplus energy production helped energy exports grow to a record high 30.9 Energy imports remained flat at 21.7

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Enverus

JUNE 25, 2025

The post Enverus unveils 2024 Top 100 Private Operators: A New era of agility, innovation and strategic shifts first appeared on Enverus. We provide intelligence across the energy ecosystem: renewables, oil and gas, financial institutions, and power and utilities, with more than 8,000 customers in 50 countries. Learn more at Enverus.com.

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Marcellus Drilling News

JULY 1, 2025

The American Gas Association’s 2025 Energy Institute Statistical Review of World Energy was published on June 26, 2025, covering full-year 2024 data on global energy and emissions statistics. Nearly 87% of global.

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OilPrice

JUNE 30, 2025

Last week’s selloff was at the fastest pace since September 2024 and at the second-fastest pace in ten years, according to the U.S. The selling was seen across the board in energy stocks in every region, Goldman Sachs analysts wrote in a note to clients carried by Reuters. investment bank.

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OilPrice

JUNE 10, 2025

China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 That dwarfed the $170 million of rare earths the…

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Oil & Gas 360º

JULY 11, 2025

(Investing) – Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 PDVSA’s crude oil and fuel exports averaged 805,500 barrels per day (bpd) last year, according to preliminary data from its 2024 financial and operational results. licenses allowing foreign partners to operate in the sanctioned OPEC member.

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OilPrice

JULY 3, 2025

Revenues for the first half of the year also fell compared to the same period of 2024. For June, total budget revenues from oil and gas dipped to $6.3 billion (494.8 billion Russian rubles), according to data from Russia’s finance ministry published on Thursday. Russia received $60 billion (4.73 trillion rubles) from oil and gas in January…

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OilPrice

JUNE 13, 2025

The US battery energy storage (BESS) market is booming across the country this year, coming off an already impressive growth streak in 2024. While renewable energy investment faces policy headwinds as legislators weigh rolling back tax incentives for low-carbon energies, the grid-scale BESS market remains unscathed, for now.

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Permian Basin Oil and Gas Magazine

JULY 15, 2025

imported only 17 percent of its domestic energy supply in 2024 – half of the record share in 2006 and the lowest share since 1985. remained a net exporter of energy in 2024 for the third straight year after producing a record amount that exceeds consumption. The post EIA report: Imports of energy to U.S.

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OilPrice

JUNE 10, 2025

This decade, renewables generation has been breaking records in Europe every year, solar power surpassed the share of coal generation, and natural gas-fired electricity generation fell for the fifth year running in 2024. Renewables…

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OilPrice

JULY 8, 2025

Previously, we reported that natural gas at the Waha hub was selling for near-zero or sub-zero prices for much of 2024 thanks in large part to excess natural gas production in the Permian Basin coupled with limited takeaway capacity due to a shortage of gas pipelines.

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OilPrice

JULY 10, 2025

power utilities applied for price hikes of a total $29 billion, the FT said, adding this represented a 142% increase on the first half of 2024. In the first half of this year, U.S. The publication also cited a forecast from BloombergNEF that said electricity consumption was set to more than…

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Marcellus Drilling News

JUNE 24, 2025

Yesterday, the Pennsylvania Public Utility Commission (PUC) announced the distribution of $164,592,500 in natural gas impact fees collected from producers for the 2024 reporting year. The bad news is that the impact fee raised $15 million less than it did in 2023, the prior year. The good news is that the state Independent Fiscal Office.

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OilPrice

JUNE 11, 2025

billion Russian rubles) in the first quarter of 2025, down from $18 billion (1.445 trillion rubles) for the same period of 2024, according to data from Russia’s statistics agency Rosstat cited by The Moscow Times. The net profits of the Russian oil and gas firms slumped to $9.9 billion (789.5 The drop in oil prices,…

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OilPrice

JULY 2, 2025

billion cubic meters for the same period of 2024, when Russian gas was still flowing via a pipeline route through Ukraine, according to data compiled by Reuters. Total gas exports from Russia to Europe nearly halved to 8.33 billion cubic meters in the period January to June 2025, down from 15.5

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Oil & Gas 360º

JULY 1, 2025

million for the same period in 2024, according to data compiled by commodity analysts Kpler. But it’s worth noting that every month this year has seen higher imports than the corresponding month in 2024, with June’s arrivals of 9.79 Total imports of the super-chilled fuel were 208.62 from the 205.11 million tons, or 6.4%, to 133.41

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EnergyTrend

JUNE 17, 2025

Golden Solar Secures 194MW HJT Cell Order from South Asia, Contract Value Surpasses 2024 Annual Revenue Recently,GoldenSolar announcedthatitssubsidiary,HongKongcompany,signedacontractwithaSouthAsianclientonJune9,2025,forthesaleof194MWofHJTsolarcells.Thee.

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Novi

JUNE 24, 2025

What happened between 2024 and 2025 wasn’t gradual adoption—it was transformation. In 2024, 39% of engineers felt highly confident in traditional forecasting tools. 60% of engineers now believe AI will become standard practice in reservoir engineering within the next decade, a decisive shift from 45% in 2024.

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OilPrice

JUNE 27, 2025

billion) for the fiscal year 2024-2025 that ended in March, as Nate Horner, the finance minister of Canada’s oil-producing province, prepares to deliver the year-end fiscal update later on Friday. Alberta expects to have booked a budget surplus of about US$4.2 billion (C$5.8 billion (C$5.2

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Oil & Gas 360º

JUNE 23, 2025

The company broke ground on the construction of the facility in February 2023, with the development of storage facilities and the associated pipeline advancing in February 2024. By March 2025, the facility began injecting crude, with GEIL’s production averaging 5,000 bpd.

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OilPrice

JUNE 21, 2025

In 2024, they dumped nearly $900 billion into fossil fuel financing, according to the latest “Banking on Climate Chaos” report. Forget betrayal. Forget backsliding. What global banks are doing right now isn’t a reversal of climate commitments—it’s a long-overdue reality check.

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OilPrice

JULY 3, 2025

Enphase shares are down roughly 65% from 2024 highs, impacted by rising interest rates, shifting U.S. When the market reacts sharply to short-term pressures, long-term fundamentals often get obscured. That may be the case with Enphase Energy (NASDAQ: ENPH). Solar stocks have struggled in 2025. policy incentives, and slowing rooftop demand.

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OilPrice

JULY 6, 2025

Between 2018 and December 2024, over 1.9 We are seeing an insurance crisis in the United States, as insurers are becoming less likely to offer coverage for homes in certain areas, particularly those that have experienced natural disasters, such as flooding and wildfire, in recent years. million home…

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Oil & Gas 360º

JULY 11, 2025

That compares with an eight-year high of around 3.938 tcf at the end of the summer injection season in 2024 and a five-year (2020-2024) average of 3.782 tcf. That compares with a three-year low of 1.821 tcf of gas in storage at the end of the winter withdrawal season in 2024 and a five-year (2021-2025) average of 1.836 tcf.

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Permian Basin Oil and Gas Magazine

JUNE 20, 2025

Both increased in 2024. Design capacity decreased slightly in 2024 in South Central region. The post EIA: Gas storage capacity increased in 2024 in U.S., Underground working natural gas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. Energy Information Administration.

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BOE Report

JULY 8, 2025

billion cubic feet per day (bcfd) in 2024 to 105.9 Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.2 bcfd in 2025 [Read more]

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OilPrice

JULY 8, 2025

In December 2024, Venture Global reached first LNG production at its second facility, Plaquemines LNG, in Port Sulphur, Louisiana. While the plant achieved first LNG production, its buyers under long-term contracts – including ExxonMobil, Chevron,…

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Rigzone

JULY 4, 2025

Image by Professor25 via iStock The world’s top oil consumer in 2024 was the U.S., percent of total oil demand in 2024. From 2014 to 2024, U.S. From 2014 to 2024, U.S. percent of total oil demand in 2024, the report revealed. From 2014 to 2024, China’s oil demand has grown by an average of 4.0

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Enverus

JULY 7, 2025

Clean Fuels Demand Creativity as Credit Prices Collapse Transaction volume in clean fuels soared from $2B in 2021 to $28B in 2024. If analysts aren’t in the room where it happens, you’re missing opportunities to act with speed and confidence. Creative options like credit stacking and data center backup fuel use are gaining traction.

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Marcellus Drilling News

JUNE 26, 2025

EQT Corporation, the largest Marcellus/Utica producer by the volume of M-U molecules produced, published its 2024 Environmental, Social and Governance (ESG) Report, titled “Promises Made, Promises Delivered,” on Tuesday.

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Oil & Gas 360º

JULY 16, 2025

(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. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S.

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Oil & Gas 360º

JULY 16, 2025

The company cut the time between turnarounds from 12 to 24 months in 2024, and aims to extend that interval to 48 months in future. Canadian Natural Resources , for example, at the end of 2024 had proved and probable reserves amounting to 20.1 and $40.85, according to a Bank of Montreal analysis for Reuters.

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Oil & Gas 360º

JULY 10, 2025

power utilities applied for price hikes of a total $29 billion, the FT said, adding this represented a 142% increase on the first half of 2024. In the first half of this year, U.S.

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Oil & Gas 360º

JUNE 25, 2025

in April 2025 compared to April 2024, as a result of a 21.2% in April 2024 to 68.6% Total Saudi merchandise exports decreased by 10.9% slump in oil exports, the statistics body said. Consequently, the percentage of oil exports out of the value of total exports slumped from 77.5% in April 2025. in April 2025 from a year earlier.

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Oil & Gas Magazine

JULY 10, 2025

Hay que tomar en cuenta que East Anglia THREE ya tiene asegurada la venta de toda su energía a largo plazo y a precio fijo a través de un Contrato por Diferencias adjudicado por el Gobierno británico, y de un acuerdo de compraventa de energía a largo plazo (PPA) firmado con Amazon en 2024.

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