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How High Will Oil Prices Go on a Middle East Supply Disruption?

OilPrice

Crude oil prices could rise by between 15% and 20% from pre-war levels in case of disruption of 1.1 million barrels daily in production, Citi analysts have said, putting Brent crude’s wartime price at between $75 and $78 per barrel. If the supply disruption is larger, above 3 million barrels daily, Brent crude could hit $90, the bank also said. Earlier today, Brent topped $77 per barrel, with ING the latest to say it could top $120 per barrel in the case of a supply disruption.

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Commonwealth LNG Gets Final OKs to Build, Export from FERC, DOE

Marcellus Drilling News

Commonwealth LNG received major news this week from two different government agencies. The first bit of news was a final authorization from the Federal Energy Regulatory Commission (FERC) to proceed with building the $11 billion project in Cameron, Louisiana. The second bit of news was a final authorization to export to countries without a free.

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Always Improving: The Safest Energy System in the World 

American Gas Association

AGA Newsroom True Blue Blog Where energy conversations come to life. The Pipeline and Hazardous Materials Safety Administration (PHMSA) is one of the most important government agencies that many Americans have never heard of. PHMSA oversees the safe operation of our nation’s pipeline system, as well as approximately a million daily shipments of hazardous materials.

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NuScale Advances SMR-Powered Desalination and Hydrogen Production with Integrated Brine Reuse Strategy

POWER Magazine

Small modular reactor (SMR) technology developer NuScale Power has unveiled research programs that could advance an energy system that integrates its nuclear technology to produce desalinated water and hydrogen, while reusing brine waste as an industrial feedstock. The research, developed in partnership with the U.S. Department of Energy’s (DOE’s) Pacific Northwest National Laboratory (PNNL) and […] The post NuScale Advances SMR-Powered Desalination and Hydrogen Production with Integrated

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LNG Canada produces first liquefied natural gas for export, sources say

BOE Report

The Shell-led LNG Canada project has produced the first liquefied natural gas for export from its facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Sunday. “At 4 a.m. local time LNG Canada started producing its first LNG,” one of the sources told Reuters.

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Nuclear Energy Gets a Major Boost From World Bank

OilPrice

The global tide is turning in favor of nuclear energy after decades of distrust and an adverse policy environment. This week, the sea change picked up speed as the World Bank announced that it would return to the nuclear energy space as a funder, marking a “major reversal” and “a momentous shift for international energy policy” according to the World Nuclear Association.

Energy 317
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Permitting Reform Has the Power to Save Lives

American Gas Association

AGA Newsroom True Blue Blog Where energy conversations come to life. Between severe weather and growing demand, there is no shortage of challenges facing America’s energy system. Natural gas utilities are well equipped to rise to the occasion and our nation boasts more than 100 years of recoverable natural gas supply to meet rising demand. However, in recent years it has become clear that there is still a constraint on our energy system that is hindering progress delaying projects to improve and

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DOE Opens Door to Private-Sector Demonstrations at MARVEL Nuclear Microreactor Test Bed

POWER Magazine

The U.S. Department of Energy (DOE) is inviting private-sector nuclear developers to submit proposals for experiments and demonstrations using its Microreactor Application Research Validation and Evaluation (MARVEL) project. The first-of-its-kind operational test bed for advanced microreactor technologies is now 90% through its final design phase, with key components already under fabrication.

Operator 201
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Discussing collaboration on infrastructural resilience

Oilholics Synonymous Report

Formal proceedings got underway at the Abu Dhabi Infrastructure Summit on Tuesday. The inaugural edition of the event combined a conference and exhibition featuring keynotes, panels and roundtables spread over two days. Maysarah Mahmoud Salim Eid, Director General of Abu Dhabi Projects and Infrastructure Centre (ADPIC) - the mandated agency that manages government capital projects in the Emirate, alongside overseeing infrastructure project implementation and delivery - kick things off with a key

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Oil and Gas Production Surges in Argentina’s Vaca Muerta Shale

OilPrice

Argentina's Vaca Muerta shale play posted significant first-quarter gains in 2025, building on last year's strong performance, with oil output surging 26% and gas production rising 16% year-on-year, according to Rystad Energy estimates. This growth is shifting Argentina away from its historical dependence on gas imports, pushing the nation closer to energy self-sufficiency.

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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal.

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Whistleblower Sues MVP for Firing, Claims Pipe Had Unsafe Corrosion

Marcellus Drilling News

A situation that’s been playing out for nearly two years is just now becoming public. In late 2023, a welding inspector working on the 303-mile Mountain Valley Pipeline (MVP) said he had discovered three sections of the pipeline were corroded and violated construction standards and federal guidelines.

Pipeline 249
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Polish Group Receives Millions to Expand Hydrogen Projects

POWER Magazine

Polish state-owned energy company ORLEN said it has secured more than 1.7 billion zloty ($458.3 million) in grants from European Union (EU) post-pandemic recovery funds to expand its hydrogen energy projects. The company on June 16 said the funding will enable production of hydrogen using renewable energy, along with infrastructure to support the use of hydrogen fuel in central Europe.

Energy 166
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Striving for smart, sustainable cities & urban excellence

Oilholics Synonymous Report

On Wednesday, the second and final day of the Abu Dhabi Infrastructure Summit, over 4,000 attendees visited the exhibition and conference. They included royalty as the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council Sheikh Khaled bin Mohamed bin Zayed Al Nahyan joined the crowds. He met exhibitors, officials and visitors alike d uring his visit.

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Canada Could Begin First Pacific LNG Production This Weekend

OilPrice

Canada could produce its first-ever liquefied natural gas (LNG) for export from the Pacific coast as early as this weekend, according to industry sources familiar with project timelines cited by Reuters. LNG Canada, a massive $40-billion project in Kitimat, British Columbia, is completing cooldown operations on Train 1, which are scheduled from June 16 to 19.

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Canada could produce first LNG by this weekend, sources say

BOE Report

Canada could produce its first ever liquefied natural gas this weekend, from the LNG Canada export facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Wednesday.

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NYMEX Futures Price Soars Again, Up 10.3 Cents to Important $3.85

Marcellus Drilling News

In yesterday’s MDN post about the spike in the NYMEX futures price for natural gas, MDN told you that traders were targeting the next significant trading target to be $3.84/MMBtu (see Hot Weather Forecast Prompts NYMEX to Close Up 17 Cents @ $3.75). And guess what? We hit it yesterday, closing at $3.851/MMBtu (up 10.3.

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GE Vernova, IHI Launch Test Hub to Enable 100% Ammonia Combustion in F-Class Gas Turbines by 2030

POWER Magazine

Japanese integrated heavy industry group IHI Corp. and GE Vernova have inaugurated a new Large-Scale Combustion Test (LCT) facility at IHI’s Aioi Works in Hyogo, Japan, marking a pivotal step in their joint effort to commercialize gas turbine combustors capable of burning up to 100% ammonia by 2030. The facility will accelerate full-scale prototype testing […] The post GE Vernova, IHI Launch Test Hub to Enable 100% Ammonia Combustion in F-Class Gas Turbines by 2030 appeared first on POWER

Gas 174
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Getting going at Abu Dhabi Infrastructure Summit

Oilholics Synonymous Report

The Oilholic is in Abu Dhabi, UAE for the inaugural Abu Dhabi Infrastructure Summit. It is being hosted by Abu Dhabi Projects and Infrastructure Centre (ADPIC), which manages government capital projects in the Emirate, alongside overseeing infrastructure project implementation and delivery. The summit - being held from June 17 to 18 at the city's Energy Centre - is expected to draw in over 2,000 attendees from nearly 100 countries, 25 major exhibitors and over 70 global speakers ( present compan

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Middle Eastern Oil Giants Go On LNG Buying Spree

OilPrice

With strong government backing and billions of dollars at their disposal, Middle Eastern oil giants are aggressively expanding into the global liquefied natural gas (LNG) market, aiming to nearly double their LNG capacity within the next decade. Companies like Saudi Aramco, Abu Dhabi National Oil Co. (ADNOC) and QatarEnergy are investing heavily in LNG production and trading, driven by the growing demand for natural gas as a transition fuel and a desire to diversify their portfolios beyond crude

Oil 305
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Eni sells 20% in its $14-billion low carbon business Plenitude

Oil & Gas 360º

Publisher’s Note: Eni will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. (Oil Price) – Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 billion (12 billion euros).

IT 130
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Georgia Power Succeeds Using 50% Hydrogen-to-Gas in Power Plant

Marcellus Drilling News

Here’s a truly noteworthy hydrogen story. If you’ve read MDN for any length of time, you’ll know that while we’re not against hydrogen energy, we keep asking the question: Where are all the customers for it? You can convert water into hydrogen with no CO2 involved (called “green” hydrogen), or use the more common natural.

Gas 250
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Ireland Ends Use of Coal for Power Generation

POWER Magazine

Ireland is no longer burning coal to produce electricity after the country's last coal-fired unit was converted to use heavy fuel oil. ESB, the plant's operator, on June 20 issued a notice that the 305-MW Unit 3 of the Moneypoint station, located on Ireland's southwest coast, has ended its use of coal after 40 years. ESB previously had said Moneypoint after the conversion would operate under direct dispatch instructions from EirGrid, the grid operator, as part of the balancing market.

Operator 148
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Why electricity prices are surging for U.S. households

CNBC: Energy

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Finance 139
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Ontario Doubles Down on Nuclear Power

OilPrice

Ontario has always been a clean-energy giant, deriving half of its electricity from nuclear power and 25 percent from hydroelectricity. Now, the central Canadian province is preparing to expand its nuclear energy capacity to meet rising electricity demand. Under a strategy released June 12 called ‘Energy for Generations’, "nuclear power will continue to serve as the backbone of the province's electricity system providing the 24/7 baseload power the province's economy requires.

Energy 325
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Talos Energy announces enhanced corporate strategy

Oil & Gas 360º

(Oil & Gas 360) – HOUSTON , June 17, 2025 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced its enhanced corporate strategy designed to position the Company as a leading pure-play offshore exploration and production company. Mr. Paul Goodfellow, the Company’s President and Chief Executive Officer, will provide additional details about the Company’s strategy during a conference call scheduled today, Tuesd

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Permitting Reform Desperately Needed to Build Pipes in Northeast

Marcellus Drilling News

Permitting reform—shortening the amount of time and eliminating some of the onerous regulations that stand in the way of permitting new energy projects—has been a hot topic for at least the last three years, if not longer. Before leaving the Senate last year, West Virginia’s then-Senator, Joe Manchin, tried to get a bill passed to.

Energy 194
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India Scientists Develop Hydrogen Production Method Using Only Solar Power

POWER Magazine

Scientists in India said they have developed a scalable next-generation device that produces green hydrogen by splitting water molecules using only solar energy. A group at the Bengaluru-based Centre for Nano and Soft Matter Sciences (CeNS), an autonomous institute of the Department of Science and Technology (DST), said the process would produce a clean fuel that could support decarbonizing industries, along with fueling vehicles.

Energy 130
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Middle East Conflict Jolts Energy Markets

Enverus

The ongoing conflict between Israel and Iran continues to send shockwaves through global energy markets. Recent strikes on Iranian energy infrastructure by Israel have heightened concerns about supply disruptions and price volatility. As geopolitical tensions escalate, energy professionals are closely monitoring the situation’s impact on oil prices, market dynamics and long-term industry outlook.

Energy 130
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The UK Is Betting Big on Nuclear Power

OilPrice

The U.K. is once again backing nuclear power, with plans to develop new large-scale nuclear plants as well as alternative small modular reactors (SMRs) in the coming decades. This is part of a Labour government plan to accelerate the country’s green transition by expanding its clean energy capacity and shifting away from a reliance on fossil fuels. For decades, the U.K.

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Biggest U.S. oil stockpile drop in a year shows tightening market

Oil & Gas 360º

(World Oil) – U.S. crude stockpiles declined the most in almost a year last week, signaling a tighter market for American oil just as the Israel-Iran conflict threatens supplies from the Middle East. Oil inventories dropped 11.5 million barrels in the week through June 13, the steepest slide since late June 2024, according to data released Wednesday by the U.S.

Oil 130
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FERC Grants Nat’l Waivers Making It Easier to Build NatGas Pipes

Marcellus Drilling News

Recent actions taken by the Federal Energy Regulatory Commission (FERC) appear to be quite significant, yet it has not received any media attention. On June 18, FERC took several actions to remove regulatory obstacles and therefore speed up the construction of needed natural gas infrastructure projects in the United States. FERC issued a blanket waiver.

IT 171
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Powering the Future Without Paralyzing It

POWER Magazine

The future of energy is rapidly evolving. The explosion of artificial intelligence (AI) and the enormous energy infrastructure it demands will continue to drive unprecedented electricity needs. Goldman Sachs projects that U.S. power demand could grow by as much as 20% by the decade’s end, in large part due to the construction of data centers. These […] The post Powering the Future Without Paralyzing It appeared first on POWER Magazine.

IT 148
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Earth Powered Datacenters | Geothermal Heats Up

Enverus

Big Tech is on the hunt for energy sources to meet the growing demand for clean, reliable power for artificial intelligence-driven data centers. Developers are eyeing nuclear energy, natural gas with CCS, and recently, geothermal. META recently inked a deal with XGS Energy, an advanced geothermal startup, for 150 MW of geothermal power to fuel its expanding New Mexico data centers.

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The Hidden Price of “Cheap” Russian Gas

OilPrice

For years, Russian gas was seen as the bedrock of Europe’s industrial competitiveness, reliable, abundant, and above all, cheap. But as Europe transitions away from Russian energy, the true cost of that dependency is finally coming into view. This article reconsiders the myth of cheap Russian gas, showing that beyond the apparent price advantage, the continent paid a high price in terms of strategic exposure, political leverage, and security risks.

Gas 313
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Mexico’s Pemex payment crisis: suppliers threaten July shutdown

Oil & Gas 360º

(BOE Report) – The Mexican association that groups major global oil services companies warned that it is going through an “unprecedented crisis” due to the lack of payments from the state-owned oil company Pemex, the world’s most indebted energy company. In a letter sent to President Claudia Sheinbaum and released on Monday afternoon, the association warned that many of these companies may have to stop operations as early as July.

Shutdown 130
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Venture Global Begins Construction Work at CP2 LNG in Louisiana

Marcellus Drilling News

Venture Global (VG) has begun construction on the Calcasieu Pass 2 (CP2) LNG export facility in Cameron Parish, Louisiana. This is the third LNG facility VG will have built, and upon completion, it will propel VG to be the largest LNG exporter in the United States and the second largest in the world. Pretty heady.

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