Trending Articles

article thumbnail

Floating LNG Capacity Set to Skyrocket by 2030

OilPrice

Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy. Once hindered by technical and operational challenges, FLNG projects are now achieving utilization rates comparable to onshore terminals.

article thumbnail

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Asian Oil & Gas

India’s Oil and Natural Gas Corporation (ONGC), BP Exploration (Alpha), and Reliance Industries (RIL) have signed a joint operating agreement (JOA) to explore offshore…

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates (large and small), according to a new analysis by S&P Global Commodity Insights.

E&P
article thumbnail

PetroChina Greenlights $9.6 Billion Refinery in Dalian Revamp

OilPrice

PetroChina has quietly approved a multi-billion-dollar refinery and petrochemical complex in northeast China’s Dalian, marking a strategic shift amid declining fuel demand and growing petrochemical appetite. The final investment decision has been made, according to multiple sources, but it has not yet been formally announced. The new facility, to be built on Changxing Island, will feature a 200,000 bpd crude refinery and a 1.4 million ton-per-year ethylene unit, alongside polyethylene, polypropy

article thumbnail

At a Time of Accelerating Change, Utilities Need to Build Flexibility into Their Strategy for Load Growth

POWER Magazine

The past few years have brought decades worth of change to electric utilities. An increasing fraction of supply is coming from intermittent sources like solar and wind. Energy storage technology has become economically viable and has seen widespread deployment. And the industry as a whole is grappling with what seems like insatiable new demand from […] The post At a Time of Accelerating Change, Utilities Need to Build Flexibility into Their Strategy for Load Growth appeared first on POWER

article thumbnail

Rethinking the future: A new operating model for gas distributor success

McKinsey

Skip to main content Rethinking the future: A new operating model for gas distributor success July 31, 2025 | Article Alessandro Agosta   Humayun Tai Beatrice Enrico A new target operating model is crucial if gas distribution system operators are to capture the opportunities presented by changing market forces. Gas distribution system operators (DSOs) have historically played a key role in economic development, contributing to both industrial growth and improved quality of life for households

article thumbnail

Venture Global Approves Phase I of CP2 LNG Project

Rigzone

Venture Global reached a positive FID and closed $15.1 billion in financing for phase I of the CP2 LNG project and the associated CP Express Pipeline.

More Trending

article thumbnail

Making Battery Degradation Measurable: Why Cost-Aware Operation Is Essential

POWER Magazine

As renewable energy becomes the foundation of electricity systems around the world, the importance of stationary battery storage is no longer in question. Lithium-ion batteries are being deployed at unprecedented rates to support grid reliability, integrate variable generation, defer infrastructure upgrades, and provide flexible capacity across multiple electricity markets.

article thumbnail

Scottish Floating Wind Farm Gets Construction and Operation Go-Ahead

Offshore Engineer

The Scottish Government has granted joint venture partnership between Ørsted, Simply Blue Group and Subsea7, the developers of Salamander floating offshore wind farm…

article thumbnail

PJM issues grid alert amidst soaring temperatures

Oil & Gas 360º

(Oil Price) – PJM Interconnection, the operator of the largest U.S. electric grid, has issued a maximum generation alert and load management alert for July 24 due to expected high peak load demand amid a heat wave. PJM Interconnection, whose area covers 13 mid-Atlantic and Midwest states and the District of Columbia, said that the alert does not require any action from customers.

article thumbnail

S&P Global says methane intensity of production declines 50 percent in 2022-24

Permian Basin Oil and Gas Magazine

An analysis by S&P Global Commodity Insights reveals that methane intensity of oil and gas production in Permian Basin declined by more than 50 percent during 2022-24. The firm said, “Improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates.” The data for 2024 show the methane emissions intensity of upstream oil and gas operations in the region to be 0.44 percent per barrel of oil equivalent – a reduc

article thumbnail

U.S. LNG Stocks Surge on EU Energy Deal

OilPrice

Shares of U.S. LNG producers jumped in early trading Monday after the European Union agreed to dramatically increase its energy imports from the United States, pledging $250 billion in annual purchases under a new transatlantic trade framework. The move includes LNG, oil, and nuclear energy and was announced in Brussels earlier today. Cheniere Energy, NextDecade, and Venture Global were among the biggest pre-market gainers, with some stocks rising as much as 8.8% before the U.S. market opened.

article thumbnail

SSE Moving Forward With Major Scottish Offshore Wind Farm

POWER Magazine

Scottish energy giant SSE said it has government approval to develop an offshore wind farm that at present would be the largest such installation in the world. The post SSE Moving Forward With Major Scottish Offshore Wind Farm appeared first on POWER Magazine.

article thumbnail

NEO Energy and Repsol Wrap Up Merger of UK Oil and Gas Assets

Offshore Engineer

The merger between Repsol Resources UK and NEO Energy has been completed, creating NEO NEXT Energy as one of the largest producers on the UK Continental Shelf (UKCS)…

article thumbnail

Surge Energy swings to profit in Q2, raises 2025 production guidance

BOE Report

(Corrects currency figures to C$ throughout, and removes operating expenses figure in key details) Overview * Surge Energy Q2 production averaged 23,589 boepd * Co reports Q2 net income C$31.91 mln * Company raises average 2025 production guidance to 23,000 boepd, cuts capex by $15 mln * Q2 adjusted funds flow at C$72.

article thumbnail

Dept. of Energy Releases Climate Science Report Based in Realism

Marcellus Drilling News

The U.S. Department of Energy (DOE) yesterday released a new report, “A Critical Review of Impacts of Greenhouse Gas Emissions on the U.S. Climate” (full copy below), evaluating existing peer-reviewed literature and government data on climate impacts of Greenhouse Gas (GHG) Emissions and providing a critical assessment of the conventional narrative on climate change.

article thumbnail

Shell Greenlights Egyptian Gas Project to Bolster Domestic Supply

OilPrice

Shell has taken a final investment decision (FID) on the development of the Mina West offshore gas field in Egypt’s Mediterranean waters, a move aimed at alleviating the country’s widening domestic supply gap and reinforcing its integrated gas strategy. The announcement, made jointly with Kuwait Foreign Petroleum Exploration Company (KUFPEC), comes as Egypt struggles with LNG import dependence and declining output from legacy fields.

Gas
article thumbnail

PJM’s Record-High Capacity Prices Spark Sector Reckoning as Market Signals, Policy Battles Intensify

POWER Magazine

Capacity prices in PJM Interconnection’s latest auction spiked to the market’s price ceiling, hitting $329.17/MW-day across the board for the 2026/2027 delivery year—the maximum allowed under new Federal Energy Regulatory Commission (FERC) rules. The regional transmission organization’s (RTO’s) competitive Base Residual Auction (BRA), conducted on July 9, 2025, and released on July 22, secured 134,311 […] The post PJM’s Record-High Capacity Prices Spark Sector Reckoning as Market Signals,

article thumbnail

Agogo FPSO Produces First Oil at Azule Energy’s Field off Angola

Offshore Engineer

Azule Energy, a joint venture between BP and Eni, has started producing oil through the Agogo floating production, storage and offloading (FPSO) unit, operating…

article thumbnail

US LNG producers soar as EU agrees to $250 billion in annual purchases

BOE Report

Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade, Venture Global, and Cheniere Energy jumped between 7% and 8.

article thumbnail

Repsol-NEO merger forms one of largest producers on UK Continental Shelf

Oil & Gas 360º

(World Oil) – The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create one of the largest producers on the UK Continental Shelf (UKCS). The combined group has been renamed NEO NEXT Energy Limited. “This combination creates a jointly governed business which will call upon the key strengths of both shareholders,” commented Francisco Gea, Executive Managing Director of Exploration and Production at Repsol. “Repsol contributes operatio

E&P
article thumbnail

Neuquén basin production grows, accounts for over 70% of Argentina’s oil and gas output

Oil & Gas Journal

Covering the operations of the oil and gas industry General Interest Refining & Processing Drilling & Production Exploration & Development Pipelines & Transportation Sections General Interest Refining & Processing Drilling & Production Exploration & Development Pipelines & Transportation LNG Energy Transition Industry Statistics Webcasts Special White Papers Podcast Magazine Surveys Research Events Submit an Article Contact About Us Subscribe Newsletters Advertise

article thumbnail

National University of Singapore’s Energy Studies Institute and FutureScaleX release new policy brief on US climate policy reversal and Asia’s growing CCS opportunity

Oilfield Technology

The brief provides new analysis of stalled US project pipelines, modelling on the economic impact of new import tariffs, and a growing innovation gap that now favours East Asia.

article thumbnail

Valor | Energy Connection – July 28, 2025

Valor

July 28, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry.

article thumbnail

Smart Strategies for Energy Suppliers in the Data Center Boom

POWER Magazine

Data center demands are shifting rapidly in today’s energy landscape. A customer that signed on for 10 MW just months ago may now be requesting 40. For energy suppliers across the country, scenarios like this are becoming the new normal as artificial intelligence (AI) infrastructure accelerates load growth and turns predictable load patterns into risky […] The post Smart Strategies for Energy Suppliers in the Data Center Boom appeared first on POWER Magazine.

article thumbnail

U.S. LNG Stocks Climb as EU Pledge Boosts Long Term Demand

OilPrice

U.S. liquefied natural gas exporters pushed higher Monday following the European Union’s announcement of a $750?billion energy purchasing framework for the next three years, heavily focused on LNG. But signals from natural gas futures and producers like EQT suggest near-term sentiment is more cautious than heady. Cheniere Energy (LNG)—America’s flagship LNG exporter—rose about 1.7%, trading at $229.23, as renewed optimism over long-term European contracts fueled buying.

article thumbnail

Japan Designates Hokkaido Sites for Offshore Wind Auctions

Offshore Engineer

Japan's industry and land ministers on Wednesday designated Matsumae and Hiyama, areas off the northern island of Hokkaido, as promotion zones for upcoming offshore wind power auctions…

article thumbnail

Enhance’s Origins CCS Hub receives regulatory approval

BOE Report

CALGARY, AB, July 31, 2025 /CNW/ – Enhance Energy, operator of Alberta’s largest carbon capture and storage (CCS) initiative and founding partner of the Alberta Carbon Trunk Line (ACTL) Project, has received regulatory approval (Directive 065) from the Alberta Energy Regulator for its Origins saline aquifer CCS project in central Alberta.

article thumbnail

EU considers pooling demand from companies to buy more US gas

Oil & Gas 360º

(BOE Report) – The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday. Under a framework trade deal the U.S. and EU agreed on Sunday, the European Union agreed to increase its purchases of U.S. energy to $750 billion over the next three years.

Gas
article thumbnail

FERC Approves Major Powergen Deal: Constellation Buying Calpine

Marcellus Drilling News

In January, Constellation Energy (a huge power-generating company) announced a deal to buy out and merge with Calpine (another huge power-generating company). Calpine owns 79 energy facilities across the country, generating some 27 gigawatts (GW) of electricity, with a large number located in the eastern U.S. Many of Calpine’s facilities use natural gas to produce.

article thumbnail

An Overlooked Vulnerability That Could Cripple America's Power Grid

OilPrice

Electric transformers aren't something most people think about unless one attached to the power lines serving their home or business is damaged, resulting in a power outage. Most of the time, power comes back on quickly, indicating that the transformers were not the problem. It takes longer to replace a transformer damaged beyond repair. And that can be a problem if large numbers of transformers are damaged at once such as occurred in the recent California wildfires.

IT
article thumbnail

Beyond Co-Location: The Emerging Opportunity for Vertically Integrated Utilities in the Data Center Boom

POWER Magazine

The explosive growth of hyperscale data centers is reshaping the power sector at unprecedented speed. In just a few short years, load requests from data center operators have gone from occasional filings to a full-on wave of gigawatt-scale development across North America. While much attention has been paid to the trend of co-locating data centers […] The post Beyond Co-Location: The Emerging Opportunity for Vertically Integrated Utilities in the Data Center Boom appeared first on POWER Ma

article thumbnail

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Offshore Engineer

The 50-50 consortium between Allseas and Boskalis has been awarded a large contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao (YT2) in Taiwan…

article thumbnail

Energy Transition Meets Emerging Tech on August 20th at EnerCom’s 30th Anniversary Energy Investment Conference

Oil & Gas 360º

Oil & Gas 360 – Landmark 30 th Anniversary EnerCom Denver – The Energy Investment Conference Announces Energy Transition and Emerging Technology Session Schedule Qualified Investors and Analysts Can Register at No Cost at www.enercomdenver.com   DENVER – July 31, 2025 – EnerCom, Inc., a leading energy consulting and strategic communications firm, announces the lineup of presenting companies for its Energy Transition and Emerging Technology Session on Wednesday, August 20, the fin

article thumbnail

Eastern Gas Files with FERC to Expand Pipe Flows from PA to OH

Marcellus Drilling News

Eastern Gas Transmission and Storage (EGTS), a wholly owned subsidiary of Berkshire Hathaway Energy Company (Warren Buffett’s company), filed a new project with the Federal Energy Regulatory Commission (FERC) on Monday. The project is called the Appalachian Reliability Project (ARP) and is designed to move more natural gas from Pennsylvania to Ohio.

Gas
article thumbnail

Are Small Modular Reactors Worthy of the Hype?

OilPrice

Nuclear energy is experiencing a political and technical renaissance. Around the world, nuclear fission is gaining traction as a critical piece of the puzzle for maintaining energy security while also slashing greenhouse gas emissions. Much of the renewed excitement over nuclear power comes from advances in nuclear technologies, particularly small modular reactors (SMRs), which are supposed to make nuclear capacity expansion cheaper, safer, and more efficient.

article thumbnail

Apex Clean Energy Adds 625 MW as Four Wind and Storage Projects Now Online

POWER Magazine

A Virginia-based renewable energy group has expanded its operating and construction portfolio to more than 3 GW of generation capacity. Charlottesville-headquartered Apex Clean Energy on July 29 announced that four utility-scale wind and storage projects, with more than 625 MW of capacity in total, have entered commercial operation in Illinois, Maine, and Texas.