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Constellation Energy announced Tuesday it is accelerating plans to restart Unit 1 of the Three Mile Island nuclear plant by 2027, as mounting power demand and evolving energy policy breathe new life into the once-retired facility. The proposal could make Three Mile Island the first U.S.
As the European Union seeks to end its dependency on Russian energy, the European Commission is set to propose this week a ban on new contracts for natural gas supply with Russia on the basis of trade law, which needs a majority vote approval instead of a unanimous EU call. Hungary and…
According to Bruce Niemeyer, president of Chevron’s shale business, the company now plans to hold production steady through 2040 while cutting rigs and frack crews—locking in $5 billion in annual free cash flow by 2027. That number isn’t just aspirational.
Advanced nuclear firm Oklo has signed an Interface Agreement (IAG) with Idaho National Laboratory (INL), marking a key regulatory milestone in the siting and environmental review of its first commercial […] The post Oklo Advances Siting, On Track for Aurora Nuclear Fast Reactor Deployment at INL in 2027 appeared first on POWER Magazine.
The expanded Trans Mountain pipeline in Canada could raise its capacity by another 75,000 barrels per day (bpd) by early 2027, which could potentially increase Canadian crude oil exports from its Pacific Coast to non-U.S.
CP2’s Phase 1, expected online in 2027, will add up to 28 million tonnes per annum (MTPA) of peak output. Venture Global has officially reached a final investment decision and financial close for Phase 1 of its CP2 LNG project and the associated CP Express Pipeline, securing $15.1 billion in debt-only financing, the company said on Monday.
The investment will increase recoverable volumes from the field by 40–50 million barrels of oil equivalent (boe), with production expected to start in late 2027, Equinor said on Tuesday. Equinor and its partners have decided to invest $1.3 Last year,…
Meta and Constellation on June 3 said the contract means the power plant will continue to operate beyond its expected closure in 2027. Technology group Meta, the parent of Facebook and Instagram, has signed a 20-year power purchase agreement with Constellation Energy to take about 1.1
Qatar is expanding its LNG capacity from 77 to 126 million tonnes per annum by 2027. October 26, 2025 Source: Kpler The Strait of Hormuz is back in the news after Israel attacked Iran and later the US hit three nuclear facilities in Iran. It is a critical chokepoint for global oil and LNG markets. By year-end, Iraq will join them.
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity.
(Oil Price) – As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will require EU companies to disclose details of their contracts to buy Russian gas, according to an internal European Commission document seen by Reuters. The Commission plans to publish the legislative proposals next week.
Qatar’s North Field East LNG expansion project is set to start operations in the middle of next year, “although much of its expected upside will spill into 2027,” the IEA said in the report. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5% A project in Qatar will also add to the growth.
The Starmer government has promised it would reduce industrial users’ electricity bills by up to 25% from 2027 as part of its energy strategy, due to be released this week.
OEG, a leading energy solutions business, has won a multi-million-pound contract to support the construction phase of the Inch Cape Offshore Wind Farm until operational in 2027. Over 100 OEG personnel will support the delivery of this contract, which includes the recent addition of six new appointments.
EWE aims to store hydrogen in Huntorf in the Wesermarsch region starting in 2027 The energy service provider EWE is driving forward the conversion of its gas storage site in […] The post NEUMAN & ESSER Receives Order for Hydrogen Storage Project in Northern Germany appeared first on POWER Magazine.
The contract’s term is from 2027 to 2030, but it could be extended by seven years. Tesla has signed a deal for the supply of $4.3 billion worth of energy storage batteries with South Korean battery major LG Energy Solution, Reuters reported, citing an unnamed source.
Offshore installation activities are expected in 2026, 2027 and 2028. The scope also includes installation of the umbilical system. It follows the award on 9 January 2025 of a contract for front-end engineering (FEED) and design that finalized the technical definition of the development.
It also provides further growth and upside in 2027 onwards beyond the current guidance. “This significant contract is a powerful endorsement of ADNOC Drilling’s expanding capabilities and our trusted partnership with ADNOC Onshore,” commented Abdulla Ateya Al Messabi, ADNOC Drilling CEO.
The facility will produce up to 2 million tonnes of LNG per annum and is scheduled to start production in 2027. Image by daizuoxin via iStock Malaysia’s Petroliam Nasional Bhd. Petronas), through its subsidiary Petronas LNG Sdn. that formalizes the terms for SMJ Energy's 25 percent equity participation in PFLNG 3 Sdn.
Construction is underway, and the facility is expected to enter in service during the summer of 2027. Enbridge’s estimated project cost is US$0.9b and the project is expected to be accretive to cash flow and earnings per share starting in 2027. Meta Platforms, Inc., This information may not be appropriate for other purposes.
We believe that Europe cannot eliminate dependence on Russian gas even after 2027. June 8, 2025 Europe’s energy landscape is transforming as the continent reduces its reliance on imported natural gas. Russian gas imports dropped from 45% to 19% of total consumption by 2024, with increased LNG imports from the US.
The new cryo facility will commence operations in Q1 of 2027. BCCK has signed an agreement with ZAP Engineering and Construction Services Inc. to deliver a 45 MMSCFD NiTech Dual Tower Nitrogen Rejection Unit (NRU) and oil removal system. The two companies share a mutual goal of advancing gas processing in the Permian Basin.
In May 2025, Swedish private equity firm EQT AB (STO: EQT) entered into a definitive agreement to acquire a 54.1% stake in Waga Energy SA (EPA: WAGA), a French leader in renewable natural gas (RNG) production, in a transaction that values the company at approximately €534 million (US$611 million). The transaction price of €21.55
Among the offshore drillers, Citi highlighted Seadrill (OL: SDRL ) as the most attractive, forecasting a free cash flow yield of more than 20% in 2027 at $400,000 dayrates. In a new research note examining the offshore drilling sector, Citi outlines its base case assumptions and market outlook for dayrates and oil pricing fundamentals.
million bpd by the end of 2027. (BOE Report) – LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. energy sector. government in 1911.
Image by Petmal via iStock TotalEnergies SE said Wednesday it had completed the purchase of a 50 percent stake in AES Corp.’s ’s renewable energy and battery energy storage system (BESS) portfolio of over one gigawatt in the Dominican Republic.
Nonetheless, industry executives argue that modern infrastructure is critical for reducing energy costs for consumers and ensuring reliable supply—especially as the U.S. maintains its position as the world’s top natural gas producer and LNG exporter.
On Monday, Hungary and Slovakia said they would not support the new sanctions without changes to the proposal to ban imports of Russian energy by 2027. The European Commission has proposed the package in an effort to push Russia to negotiate a ceasefire with Ukraine after EU leaders called for “massive sanctions” in May.
percent reduction factor for 2024 to 2027 and 4.4 An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. 1 âEU Emissions Trading System: Scope of the EU ETS,â European Commission. In 2024, the European Commission set the CO 2 emission allowance cap at nearly 1.4
Railroad Commission of Texas will start enforcing the new law in September 2027. Mayes Middleton, R-Galveston, in the recent legislative session, requires oil and gas operators to plug wells have been inactive for at least 15 years. Todd Staples, president of Texas Oil and Gas Association, applauded the bill.
On Monday, we reported (in our “best of the rest“) that Charlie will retire from his position in 2027. Charlie Burd is the longtime President of the Gas & Oil Association of West Virginia (GO-WV). Charlie has always been open and frank with his expert insights and opinions, but perhaps his impending retirement has loosened.
TSX: TVE CALGARY, AB, July 25, 2025 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce that it has successfully closed the previously announced private placement offering (the “Offering“) of $325.0MM aggregate principal amount of 6.875% senior unsecured notes (..)
Under the deal, Woodside will deliver LNG to Japan on an ex-ship basis between the months of December and February from 2027. Image by BJP7images via iStock JERA Co. and Woodside Energy Group Ltd. and Woodside Energy Group Ltd. Three cargoes totaling about 200,000 metric will be delivered per year. It is expected to start LNG production 2026.
It expects to commission the projects by the first quarter of 2027. Concurrently United Energy LNG announced the start of the first phase of front-end loading (FEL-1), or early planning work, for the first project site, in Houston, Texas. United Energy LNG plans to achieve financial close on the projects by the first quarter of 2026.
Completion is expected 2027. Image by frantic00 via iStock ADNOC Gas PLC on Tuesday said it had approved phase one of the Rich Gas Development (RGD) project in the United Arab Emirates and awarded $5 billion worth of contracts. The RGD phase 1 contracts were awarded in three tranches. Jersey-based Petrofac Ltd. bagged a $1.2
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Fabrication of pipeline bundles will take place at Wester, Scotland, while offshore operations are expected to take place in 2025 through 2027, according to the statement. Image by curraheeshutter via iStock Subsea 7 S.A. The company said it defines a large contract as having a value between $300 million and $500 million.
By 2027, wind’s share should increase by 600 MW through the 2026 RFP, while solar and storage capacities should grow by a combined 100 MW through the 2026 RFP. CEYW is targeted to add a further 320 MW of solar by 2027.
million metric tons a year by 2027. It has increased its SAF production capacity to 1.5 million metric tons per annum (MMtpa) with last year’s start-up of a Rotterdam project with a capacity of 500,000 metric tons a year. Neste aims to grow its production capacity for renewable fuels to 6.8 CLG, a joint venture between Chevron Corp.
The country agreed with the European Commission in 2022 to double gas supplies to Europe to 20 billion cubic meters a year by 2027. SEFE, which stands for Securing Energy for Europe, has been among the most active companies in negotiating new supply deals. conference in London Tuesday. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
The nation is undertaking a massive North Field Expansion project that will boost its LNG production capacity from 77 million tonnes per annum (MTPA) to approximately 126 MTPA by 2027. This raises a critical question: how can we scale LNG responsibly while l owering its environmental impact ?
Total investments are estimated at NOK 13 billion, with production expected to commence in the fourth quarter of 2027. Phase 3 involves the installation of two new subsea templates, tied back to existing infrastructure via new pipelines, and represents an important step toward the partnership’s ambition of reaching 75% recovery.
GW Gas Power Plant in South Carolina by Jov Onsat | Rigzone Staff | Wednesday, June 11, 2025 | 8:42 AM EST It hopes to start construction 2027 and put the facility into operation by 2031. It hopes to start construction 2027 and put the facility into operation by 2031. . - Image by Thossaphol via iStock Duke Energy Corp.
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