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Global Carbon Emissions Reach Record High Despite Green Efforts

OilPrice

In late June the Energy Institute (EI) released the 2025 Statistical Review of World Energy, which was published previously for more than 70 years by BP. Here is the link to the full 2025 Statistical Review of World Energy. The Review confirmed that a troubling trend continues. Despite historic investments in renewables and net-zero pledges from nearly every major economy, global carbon emissions hit a record high in 2024.

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Hancock County Commissioner Claims CCS Will Limit New M-U Drilling

Marcellus Drilling News

In a recent op-ed, a county commissioner from Hancock County, West Virginia, warned residents against signing a lease with Tenaska to allow the company to use their land to store carbon dioxide (CO2) as part of the company’s Tri-State CCS Hub project. CCS stands for carbon capture and sequestration. According to the commissioner, storing CO2.

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EU's Gas Import Mix: Record LNG Imports in First Half of 2025. Gas Prices Expected to Rise

Energy Outlook Advisors

The EU natural gas market in late 2025 is expected to face tight supply due to lost Russian pipeline gas, low storage, LNG competition from Asia, and possibly higher gas demand that expected if renewables do not deliver. Prices are expected to increase, potentially exceeding €45/MWh under certain scenarios, especially if hurricanes disrupt LNG shipments from the Gulf of America Share Strong injection demand persisted across Europe in June, as storage operators accelerated refill efforts fo

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Fueling the American Dream

American Gas Association

AGA Newsroom True Blue Blog Where energy conversations come to life. It’s the 4 th of July! As we celebrate Independence Day, and the freedom we enjoy, energy security has been quietly supporting the American dream for decades. Today’s energy revolution has been critical in securing reliable, affordable energy, insulated from the volatility of international energy markets.

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Westinghouse, Radiant Selected for First Fueled Nuclear Microreactor Tests at INL’s DOME Facility

POWER Magazine

Nuclear microreactors developed separately by Westinghouse and Radiant are poised to become the first fueled designs tested at the Demonstration of Microreactor Experiments (DOME) facility—the world’s first dedicated microreactor test bed slated to open at Idaho National Laboratory (INL) in early 2026. The first fueled experiment is expected to begin as early as spring 2026. […] The post Westinghouse, Radiant Selected for First Fueled Nuclear Microreactor Tests at INL’s DOME Facility appea

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OPEC+ Surprises With Oversized Output Hike

OilPrice

OPEC+ will ramp up oil production more aggressively than anticipated in August, accelerating the rollback of its 2023 voluntary supply cuts in a bid to capture market share amid peak summer demand. At a virtual meeting Saturday, eight core members led by Saudi Arabia agreed to add 548,000 barrels per day (bpd) to global supply—exceeding earlier expectations of a 411,000 bpd hike.

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MDN’s Energy Stories of Interest: Tue, Jul 8, 2025 [FREE ACCESS]

Marcellus Drilling News

OTHER U.S. REGIONS: US proposes rules that could boost oil, gas output in US West; Elon Musk confirms buying overseas power plant, shipping it to Memphis for xAI; LNG boom hits a snag in Louisiana’s crowded waterways; NATIONAL: Dallas Fed energy survey shows oil, gas activity contraction; Imports made up 17% of U.S. energy supply.

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Four-Fold Increase in OPEC+ V8 Production Ceiling in August. What is the Impact?

Energy Outlook Advisors

The OPEC+ group of eight, the V8, which made voluntary cuts and began unwinding them in April, met virtually today and decided to raise the production ceiling by 548 kb/d in August, four times the initial increase planned last December. This exceeded market expectations, including ours, of 411 kb/d. Here is an excerpt from the press release “ In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with

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Recurrent Energy Brings Major Arizona Energy Storage Project Online

POWER Magazine

Recurrent Energy, a subsidiary of Canadian Solar, and a global developer, owner, and operator of solar and energy storage assets, on July 7 announced that the 1,200-MWh Papago Storage facility in Maricopa County, Arizona, has reached commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), the state’s largest electric utility, […] The post Recurrent Energy Brings Major Arizona Energy Storage Project Online appeared first on POWER Magazine.

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OPEC Reports a Global Oil Production Decline in 2024

OilPrice

Global crude oil production declined by 1% last year, for the first time since 2020, averaging 72.58 million barrels daily, OPEC said in the latest edition of its Annual Statistical Bulletin. The group reported a decline in OPEC and partner production while non-OPEC oil producers boosted output last year, in line with analyst predictions and relatively healthy oil prices.

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Diversified Produces More Gas in WV Than Any Other State; Eyes LNG

Marcellus Drilling News

WV News recently interviewed two high-level employees of Diversified Energy—Darren Gibbs, vice president of marketing, and Ron Ridgway, executive vice president for energy marketing. While we expected the typical expressions of support for the company and the oil and gas industry, we were delighted to gain some insights into the company’s thinking and strategy that.

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Vienna bound ahead of OPEC seminar

Oilholics Synonymous Report

After the latest OPEC meeting follows the producers' group's seminar - its invitation to the great and the good of the energy world held once every two years in Vienna. As the Oilholic heads out there for a business trip, while sitting and musing at London's Heathrow airport before the flight, one cannot but help notice that oil benchmarks are on the up.

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OPEC+ members agree to larger-than-expected oil production hike in August

CNBC: Energy

Skip Navigation Markets Pre-Markets U.S. Markets Currencies Cryptocurrency Futures & Commodities Bonds Funds & ETFs Business Economy Finance Health & Science Media Real Estate Energy Climate Transportation Industrials Retail Wealth Sports Life Small Business Investing Personal Finance Fintech Financial Advisors Options Action ETF Street Buffett Archive Earnings Trader Talk Tech Cybersecurity AI Enterprise Internet Media Mobile Social Media CNBC Disruptor 50 Tech Guide Politics White

Oil 129
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US Weekly Oil Data & Global Oil Inventories

Energy Outlook Advisors

July 2, 2025 New interview with information on the impact of EVs in China on oil demand: Our team is traveling to Vienna next week to attend an OPEC Seminar and meet key energy industry figures.

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Disaster Looms As French Uranium Mine in Niger Faces Bankruptcy

OilPrice

French nuclear fuel giant Orano’s uranium mining subsidiary in northern Niger is on the verge of bankruptcy, raising alarms over future nuclear fuel supply chains amid deepening tensions with the ruling junta, Reuters reported on Wednesday. The company cited a breakdown in talks with Niamey and the blocking of essential equipment at the border as the primary drivers of the crisis.

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EQT Sues Morgan Township for Blocking Road Use to Haul Equipment

Marcellus Drilling News

A kerfuffle has erupted in Morgan Township (Greene County), PA, between drilling and pipeline giant EQT Corporation and the town over the issue of hauling heavy equipment on Morgan’s roadways. Morgan supervisors prohibited EQT from using local town roads to haul heavy equipment to work sites. On June 18, EQT filed a lawsuit against the.

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TotalEnergies moves to restart work on $20 billion Mozambique LNG, sources say

Oil & Gas 360º

(World Oil) – Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter. Firms have taken preliminary steps, including deploying resources to the project site, said two of the people, who asked not to be identified because the information is confidential.

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GE Vernova Brings First 1.3-GW Block of Taiwan Gas-Fired Plant Online

POWER Magazine

GE Vernova said the first of three blocks of a major natural gas-fired power plant in Taiwan is now online. The company on July 7 said the first 1.3-GW unit of the Hsinta power station is operating, part of the facility's transition from burning coal to using natural gas. The post GE Vernova Brings First 1.3-GW Block of Taiwan Gas-Fired Plant Online appeared first on POWER Magazine.

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Petronas ships its first LNG cargo to Japan from its new facility in Canada

BOE Report

Malaysia’s state energy firm Petronas on Monday said it has successfully shipped its first liquefied natural gas (LNG) cargo to Japan from its newly operational LNG facility in Kitimat, Canada. Petronas has a 25% stake in the Kitimat LNG plant in British Columbia on Canada’s west coast.

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Wildfires Cripple Alberta’s Oil Production

OilPrice

Oil production from Canada’s oil heartland, Alberta, slumped to a two-year low in May as wildfires in the province and maintenance on some oil sands operations dragged oil output to a two-year low. Alberta produced on average 3.61 million barrels per day (bpd) of crude oil in May, according to provincial data cited by Bloomberg. Output plunged by 397,000 bpd from April, and stood at the lowest level since May 202 Production at oil sands projects plummeted by 384,000 bpd, to the lowest level seen

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Upper Burrell Plans to Block Injection Wells with New Policy

Marcellus Drilling News

Upper Burrell (Westmoreland County, PA) town supervisors have historically been receptive (or at least tolerant) to the Marcellus Shale industry that has so blessed their town and Westmoreland County. But attitudes seemed to change last December, at least with respect to wastewater injection wells (see Upper Burrell Twp Makes Moves to Ban Wastewater Injection Wells).

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US proposes rules that could boost oil, gas output in US West

Oil & Gas 360º

(BOE Report) – The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1.8 billion per year, it said. The proposed rule change, which would mostly affect onshore oil and gas drilling in the U.S.

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Nuclear at Sea: Navigating Regulatory Confluence

POWER Magazine

A new paper titled “Facilitating Global Deployment of Floating Nuclear Power Plants” has been published by World Nuclear Association’s Cooperation in Reactor Design Evaluation and Licensing (CORDEL) Working Group. This paper highlights the benefits of the technology and focuses on progress made in the regulatory space, which is required for their international deployment.

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It’s Getting Hot in Here | Heat Dome in PJM

Enverus

A massive heat dome swept across the eastern U.S. last week, driving temperatures into the triple digits and pushing the PJM Interconnection grid to its highest peak load since 2006 (Figure 1). PJM, the nation’s largest regional transmission organization, issued maximum generation and hot weather alerts for June 22-25, forecasting peak loads of 160,526 MW — well above its summer projection of 154,000 MW and nearing the 2006 all-time high of 165,563 MW.

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Dallas Fed: Oilfield Inflation Surges as Shale Activity Contracts in Q2

OilPrice

Oil and gas activity in the U.S. Eleventh District slipped into contraction in the second quarter of 2025, according to the Dallas Fed Energy Survey released Wednesday, with firms citing falling production, deteriorating service margins, and deepening uncertainty. The survey’s headline business activity index dropped from 3.8 in Q1 to -8.1, marking a return to negative territory.

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Do Landowners Get Money for Lithium Extracted from Wastewater?

Marcellus Drilling News

Lithium extracted from Marcellus shale wastewater (brine) has been in the news over the past week or so. Last week, we brought you the exciting news that a Boston-based company, Gradiant, is working on building a lithium production facility in an undisclosed PA location, which we were able to identify as Susquehanna County (see Integrated.

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Exxon expects $1.5 billion earnings drop from lower oil, gas prices

Oil & Gas 360º

(World Oil) – ExxonMobil expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a volatile quarter for commodity prices weighs on second-quarter profits. Oil prices pulled down earnings by about $1 billion while gas contributed another $500 million hit when compared to the first quarter, the Spring, Texas-based company said in a statement Monday.

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Missouri Utility Plans New 800-MW Gas-Fired Plant, Will Include Energy Storage

POWER Magazine

A utility that serves customers in Missouri announced it plans to build an 800-MW natural gas-fired power plant, along with the company's first large-scale battery energy storage facility, at a site near St. Louis. The post Missouri Utility Plans New 800-MW Gas-Fired Plant, Will Include Energy Storage appeared first on POWER Magazine.

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Pemex, al borde del colapso: busca rescate financiero urgente

Oil & Gas Magazine

El Gobierno mexicano alista un plan urgente para refinanciar la deuda de Pemex, que supera los 120 mil millones de dólares, incluyendo adeudos con proveedores. El Gobierno federal prepara un plan emergente para rescatar financieramente a Petróleos Mexicanos (Pemex) , cuya deuda total, entre pasivos financieros y adeudos con proveedores, supera los 120,000 millones de dólares.

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U.S. Insurers Are Refusing to Cover Climate Change Risk Zones

OilPrice

As countries worldwide experience more regular extreme weather events, insurers have become more reluctant to cover properties in high-risk areas. However, without insurance, it is impossible for many people to gain access to mortgage financing. 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.

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PA DEP Tweaks Already-Issued MarkWest Harmon Creek Plant Permit

Marcellus Drilling News

Last November, MDN brought you the great news that MPLX (aka MarkWest Energy) would file to build an expansion at its existing Harmon Creek facility in Smith Township, Washington County, PA (see MPLX to Build New Harmon Creek III Gas Processing in PA Marcellus). MPLX plans to add a 300 MMcf/d (million cubic feet per.

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ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

Oil & Gas 360º

(Investing) – A consortium led by ExxonMobil (NYSE: XOM ) has discovered a natural gas reservoir off the coast of Cyprus, according to a government announcement on Monday. The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9 kilometers in the Pegasus-1 well, Cypriot government spokesperson Konstantinos Letymbiotis said. “Further assessment will be required in the coming months to evaluate the results,” Letymbiotis stated

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Transforming Mission-Critical Utility Operations with Field Service Management Technology

POWER Magazine

Utilities operate in high-stakes environments where operational resilience, infrastructure reliability, and workforce efficiency are essential for maintaining uninterrupted service. Cutting-edge field service management technology enhances field operations, improves safety, and streamlines emergency response with scalable automation, seamless geographic information system (GIS) integration, and predictive field service intelligence, ensuring efficiency and reliability in even the most […]

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1.2 GWh! Canadian Solar's Energy Storage Project in Arizona, USA, Grids Connected

EnergyTrend

1.2 GWh! Canadian Solar's Energy Storage Project in Arizona, USA, Grids Connected OnJuly7,2025,RecurrentEnergy,theenergysubsidiaryofCanadianSolarInc.,announcedthatits1,200MWh“Papago”energystoragefacilityinMaricopaCounty,Arizona,haso.

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Oil Prices Expected to Stay Under $70

OilPrice

Despite heightened tensions in the Middle East, oil prices are likely to remain capped below $70 per barrel for the rest of the year amid ample supply and uncertainties about demand. Unless actual supply disruptions occur in and around the hotspots in the Middle East, the price of oil will be a function of supply and demand, analysts and investment banks say.

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MDN’s Energy Stories of Interest: Wed, Jul 2, 2025 [FREE ACCESS]

Marcellus Drilling News

OTHER U.S. REGIONS: Industry bodies look at Texas upstream employment in May; Cuomo blew it by shutting down Indian Point Nuclear plant with no “plan B”; NATIONAL: Fracking is America’s (not so) secret weapon; Natural gas becoming preferred power method among data center operators; Senate delivers pro-energy tax reforms; One Big, Beautiful Bill remains a.

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Weekly Gas Storage: Inventories increase by 55 Bcf

Oil & Gas 360º

Natural Gas Inventories as of June 27, 2025 The EIA has released its natural gas inventory report, showing a net increase of 55 Bcf as of June 27, 2025. Working gas in storage was 2,953 Bcf as of Friday, June 27, 2025, according to EIA estimates. This represents a net increase of 55 Bcf from the previous week. Stocks were 176 Bcf less than last year at this time and 173 Bcf above the five-year average of 2,780 Bcf.

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