Trending Articles

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Meta Deal With Constellation Will Keep Illinois Nuclear Plant Open

POWER Magazine

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 GW of electricity from Constellation's Clinton Clean Energy Center in Illinois. Meta and Constellation on June 3 said the contract means the power plant will continue to operate beyond its expected closure in 2027.

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IAEA Chief Warns of Potential Nuclear Accident in Ukraine

OilPrice

The head of the International Atomic Energy Agency (IAEA) has warned about the ongoing risk of a nuclear accident in Ukraine, saying the "dangers to nuclear safety continue to be very real and ever-present." The presence of IAEA officials at nuclear facilities in Ukraine remains essential to help prevent a nuclear incident, Raphael Grossi said on June 3 after his 12th visit to Kyiv since the start of Russia's full-scale invasion in February 2022.

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Supertanker With Russian Oil Anchored Near China Could Signal Weak Demand

OilPrice

A supertanker carrying 2.1 million barrels of Russias Far Eastern ESPO crude grade has been anchored near China for days in what traders say is an unusual pattern that could suggest weaker demand in the Asian market. The Big Star supertanker loaded ESPO from three smaller vessels near Russias Zarubino port in the Far East earlier this month and headed to Chinas port of Jieyang in the southern province of Guangdong, according to ship-tracking data from LSEG cited by Reuters.

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Riyu Photovoltaic Plans Hong Kong IPO, Focusing on PV Silver Paste Manufacturing

EnergyTrend

Riyu Photovoltaic Plans Hong Kong IPO, Focusing on PV Silver Paste Manufacturing OnMay29,theofficialwebsiteoftheHongKongStockExchangeshowedthatJiangsuRiyuPhotovoltaicNewMaterialsCo.,Ltd.hadsubmitteditslistingapplication.BasedinWuxi.

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The UK has finally committed to carbon capture. But not everyone is happy

Energy Transition

After years of setbacks, the UK is finally pushing ahead with two carbon capture and storage projects. While there is scepticism about the technology, says Ros Taylor, its supporters argue the cost is justified if the UK means to reach net zero. UK Prime Minister Keir Starmer visits the carbon capture and storage facility at the Encirc Glass plant. Credits: Number 10 | Flickr, Public domain.

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The Next Wave of AI is Here

Cisco: Oil & Gas

At Cisco, were building the critical infrastructure for the AI era. And the shift from generative to agentic AI is making our work even more important and timely. Well be sharing more at Cisco Live on how we're helping to put our customers at the forefront of AI innovation.

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UK’s National Grid Investing Billions for Substation Site to Power Data Centers

POWER Magazine

National Grid in the UK has begun construction of a new Uxbridge Moor substation complex in Buckinghamshire, a project designed to connect more than one dozen new data centers to the electricity provider's network. The post UK’s National Grid Investing Billions for Substation Site to Power Data Centers appeared first on POWER Magazine.

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More Trending

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Study Finds Shapiro Energy Proposals a Disaster If Implemented

Marcellus Drilling News

Pennsylvania Governor Josh Shapiro is a typical liberal Democrat politician. He pretends to be moderate and a supporter of the Marcellus industry in the Keystone State. He is neither. Shapiro claims his proposed energy programs will cut costs for Pennsylvanians. The reverse is true. But were not just making blanket, unprovable assertions or opinions about.

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Breaking News: OPEC+ V8 decided to increase production ceiling by 411 kbd in July.

Energy Outlook Advisors

Breaking News: Subscribe now OPEC+ V8 decided to increase production ceiling by 411 kbd in July. The impact is limited as we disused in the past (please see previous published Note and Podcasts on the subject). Please contact us if you have any questions. The production ceiling has risen by about 1.37 mb/d. The remaining voluntary cuts is 0.827 mb/d.

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Educating Tomorrow’s Tech Workforce: A New Map for AI-Era Skills

Cisco: Oil & Gas

What happens when AI doesn't replace jobs, but fundamentally transforms how they're performed?

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DOE Scraps $3.7B in OCED Projects, Upending Carbon Capture Progress at Power Plants

POWER Magazine

The Department of Energys (DOEs) abrupt termination of 24 previously awarded projectsincluding four prominent power-related carbon capture projects will rescind $3.7 billion in financial assistance from its Office of Clean […] The post DOE Scraps $3.7B in OCED Projects, Upending Carbon Capture Progress at Power Plants appeared first on POWER Magazine.

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OH Passes Bill (Now Law) to Encourage More Gas-Fired Power Plants

Marcellus Drilling News

In February, MDN told you about a proposed new bill in Ohio, House Bill (HB) 15, which makes significant changes to state energy policy to encourage the development of more in-state electric generation by making it easier (and more cost-effective) to build gas-fired power (see OH Legislators, New Bill, Encourage More Gas-Fired Power Plants). The.

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Moderating panel at Applied Computing's Orbital demo

Oilholics Synonymous Report

Delighted to announce that yours truly will be joining Applied Computing 's Demo Day proceedings on June 10, 2025 at IET London Savoy Place in London, UK. The Oilholic will also be moderating the panel discussion titled - Redesigning Energy: New Technologies Powering the Transition - where we'll explore the critical role of technologies and their potential to help reshape the future of energy, industry, and sustainability.

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US Weekly Oil Data

Energy Outlook Advisors

June 4, 2025 Share Subscribe now EOA’s Main Takeaway Last week's data gives a sense of normalcy: It generally followed historical trends, with higher refinery utilization reducing crude inventories and increasing product inventories. Imports and exports changes were minimal. Crude inputs into refineries was the highest in almost a year.

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Tariff Tempest: Renewables’ Route Through the Current Tariff Climate

POWER Magazine

The current state of play for tariffs is creating headwinds and challenges, along with complexity and uncertainty, for global economies and certainly the renewable energy industry. While the renewable energy sector is no stranger to tariffs and the challenge they present, knowing the current status of such tariffs is the first step to developing mechanisms for dealing with them in a way that can give your project the best chance at success.

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Is A New Oil Price War Between The West And OPEC About To Break Out?

OilPrice

It is highly unlikely that anyone with even a modicum of intelligence has lost money in the past ten years or so by trading against the predictable thinking of those in charge of Saudi Arabias oil policy. Quite the reverse, in fact, with enormous profits available from the failures of the enormously well-flagged and exceptionally predictable strategy of the 2014-2016 and 2020 Oil Price Wars -- launched by the Kingdom with the intention of destroying or disabling the U.S.

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HUGE Utica News: EOG Resources Buys Encino Energy for $5.6 Billion

Marcellus Drilling News

In February, MDN brought you the rumor that Canadian pension fund CPP Investments, the majority owner of Encino Acquisition Partners (aka Encino Energy), was considering either a sale of the company or possibly an initial public offering (see Shocker: Encino Energy Considers Sale or Possible IPO for $7B). The rumor was right. On Friday, EOG.

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Oil price, Eco Atlantic.

Malcolm Graham Wood

Oil remains firm, a weak dollar helps. And Eco Atlantic have got approval from the South African authorities for the stake in Block 1. The post Oil price, Eco Atlantic. appeared first on Malcy's Blog.

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Natural Gas: Fueling the Moment 

American Gas Association

News True Blue Blog Where energy conversations come to life. The theme of this years financial forum: natural gas is fueling the moment, declared AGA VP, Membership and Strategic Development Edith Naegele at AGAs 2025 Financial Forum in Marco Island last week. The financial experts, investors, and industry professionals in attendance were clearly in agreement on the strong position of natural gas utilities.

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Perovskite Solar Cells: What They Are and Why They Matter

POWER Magazine

Perovskite solar cells are a high-efficiency, low-cost alternative to traditional silicon-based solar panels. With the perovskite solar cell industry expected to reach $1.2 billion by 2033, theres enormous potential for […] The post Perovskite Solar Cells: What They Are and Why They Matter appeared first on POWER Magazine.

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Ukraine Launches Russian-Free Gas Route via Trans-Balkan Corridor

OilPrice

In a contentiously pivotal move toward energy independence, Ukraine on Wednesday confirmed the launch of natural gas imports via the Trans-Balkan pipeline, bypassing Russian supply and allowing Ukraine to draw gas from European sources, including liquefied natural gas (LNG) imported through Greece and Azerbaijani gas from the Trans Adriatic Pipeline.

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Explaining the Rise in Electric Bills in PA and Elsewhere in PJM

Marcellus Drilling News

Electricity bills across Pennsylvania (and elsewhere in the PJM grid) are due to increase on June 1, when utilities reset a portion of their charges to reflect the current cost of energy. The increases reflect the rising cost of power on the regional transmission grid.

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Flash blog: Rockhopper

Malcolm Graham Wood

Oil continues to firm, a weak dollar and better supply and demand data is the reason. And Rockhopper has a great independent resource evaluation from NSAI but has lost the OM case. The post Flash blog: Rockhopper appeared first on Malcy's Blog.

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Constellation Energy rallies 15% on Meta nuclear power deal

CNBC: Energy

Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry.

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Analysis: FERC Denies Hypothetical Capital Structure Incentive for Valley Link Transmission Project

POWER Magazine

The Federal Energy Regulatory Commission (FERC) on May 13 of this year issued an order addressing the formula rate filings and requests for transmission rate incentives for the Valley Link […] The post Analysis: FERC Denies Hypothetical Capital Structure Incentive for Valley Link Transmission Project appeared first on POWER Magazine.

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Oil Industry Profitability Under Pressure

OilPrice

With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. As a result, upstream investments are expected to decline. Early signals from the peer group of majors support this trend, as they indicate plans to prioritize shareholder returnsparticularly dividends and buybacksover new investments.

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U.S. Supreme Court Reigns In Big Green Abuses of NEPA

Marcellus Drilling News

Yesterday, the U.S. Supreme Court ruled that federal agencies conducting environmental reviews under the National Environmental Policy Act (NEPA) must consider only the direct effects of a project rather than its broader impacts. The 8-0 ruling (highly unusual for a unanimous decision) follows years of lower courts demanding broader consideration of the effects of projects.

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Oil price, Kistos, Sunda, Jadestone, Tower. And finally…

Malcolm Graham Wood

Oil is up two bucks on the Opec production increase. Kistos has canceled the remaining hybrid bonds and Balder is just round the corner. Sunda has results, Jadestone hire a new CEO and Tower also have figures. The post Oil price, Kistos, Sunda, Jadestone, Tower. And finally… appeared first on Malcy's Blog.

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Saylor's bitcoin buying strategy is 'exploding' globally, but Wall Street is skeptical

CNBC: Energy

Michael Saylor applauds efforts by other companies to replicate his strategy of using cash to buy bitcoin.

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Papering Energy: Do Your Contracts Have the Right ‘Power’?

POWER Magazine

I have spent years in law firms and in-house legal departments counseling clients in the energy sector with respect to their contracts and the related process they utilize in papering […] The post Papering Energy: Do Your Contracts Have the Right Power? appeared first on POWER Magazine.

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OPEC+ Could Consider Super-Hike in July Oil Production

OilPrice

This weekend, OPEC+ may debate boosting oil production in July by more than the 411,000-bpd monthly hikes it has announced for May and June, sources with knowledge of the discussions at the production group told Reuters on Friday. For two months now, OPEC+ has been pursuing a policy to unwind the production cuts by monthly volumes triple that of the original plans, and the eight countries doing the cuts have decided to boost May and June oil production by 411,000 barrels per day in each of the t

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NJ Democrats Gear Up to Oppose NY-Approved NESE Pipeline

Marcellus Drilling News

Last week, pipeline giant Williams filed a 246-page request with the Federal Energy Regulatory Commission (FERC) to expedite the reissuance of a certificate for the Northeast Supply Enhancement (NESE) project, a billion-dollar-plus project designed to increase Transco pipeline capacity and flows of Marcellus gas heading into New York City and other northeastern markets (see Williams.

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Oil price, Arrow, PetroTal, Petro Matad. And finally…

Malcolm Graham Wood

Oil drifts ahead of Opec this weekend. Arrow are in a very strong position and PetroTal has restarted the buy back And Petro Matad have a non-payer, trouble is its PetroChina. The post Oil price, Arrow, PetroTal, Petro Matad. And finally… appeared first on Malcy's Blog.

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Stablecoins stole the show at Bitcoin 2025 — here's what the major players said

CNBC: Energy

Stablecoins stole the spotlight at Bitcoin 2025, as U.S. officials backed new legislation to enshrine digital dollars.

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Rolls-Royce Commits $24 Million for U.S. Data Center Power Systems

POWER Magazine

Rolls-Royce said it will more than double its production of backup power generation systems for data centers, and build a new facility in Minnesota, as part of a $24-million investment in U.S. manufacturing. The post Rolls-Royce Commits $24 Million for U.S. Data Center Power Systems appeared first on POWER Magazine.

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Venezuela Defies U.S. Sanctions as Oil Exports Hold Steady

OilPrice

Venezuelas oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last monthdown only slightly from April

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NJ Considers Permits to Expand LPG Storage Caverns in Gibbstown

Marcellus Drilling News

Three years ago, in May 2022, MDN brought you the surprising news that ethane, propane, and butane (NGLs) were being exported from a facility in Gibbstown, NJ, located along the Delaware River, at a former DuPont dynamite factory site (see Former NJ DuPont Dynamite Factory Near Philly Exporting NGLs). It is the same site that.

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