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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.
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.
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
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.
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
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.
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.
Jinko Solar Submits 1440MWh Solar-Storage Project Proposal in Australia Jinko SolarAustraliahassubmittedaproposalfora1440MWhsolar-plus-storageprojectinNewSouthWalesunderthefederalEnvironmentProtectionandBiodiversityConserv.
Jinko Solar Submits 1440MWh Solar-Storage Project Proposal in Australia Jinko SolarAustraliahassubmittedaproposalfora1440MWhsolar-plus-storageprojectinNewSouthWalesunderthefederalEnvironmentProtectionandBiodiversityConserv.
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
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.
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.
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.
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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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.
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.
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.
(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.
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.
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.
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
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).
(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
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.
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.
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.
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.
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.
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 […]
1.2 GWh! Canadian Solar's Energy Storage Project in Arizona, USA, Grids Connected OnJuly7,2025,RecurrentEnergy,theenergysubsidiaryofCanadianSolarInc.,announcedthatits1,200MWh“Papago”energystoragefacilityinMaricopaCounty,Arizona,haso.
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.
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.
(World Oil) – Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Eni SpA and Exxon Mobil Corp. are also among the 37 companies that have lodged interest, with contracts due to be signed with successful bidders by the end of 2025, National Oil Corp Chairman Massoud Seliman said in an interview in the capital,
There is no room for missteps, miscommunication, or misunderstandings when it comes to nuclear maintenance. It demands precision, speed, and accountability. The tools and systems used during outages must function flawlessly, because when they don’t, the cost is more than money—it’s exposure, downtime, and slipping maintenance schedules. Some nuclear plants use a segmented model for […] The post Why Nuclear Maintenance Equipment Requires a Single-Source Solution appeared first on POWER Maga
CALGARY, Alberta (July 2, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages Generative AI across its solutions, has released its latest Fundamental Edge report. EIR’s report focuses on the outlook for oil and gas prices driven by supply and demand fundamentals, as well as the impact from OPEC actions, global oil demand, U.S. natural gas price outlook and the Iran-Israel conflict.
Russia saw its revenues from oil and gas for the budget crash by 33.7% in June from a year earlier—to the lowest level since January 2023, amid weaker commodity prices and a stronger Russian ruble. For June, total budget revenues from oil and gas dipped to $6.3 billion (494.8 billion Russian rubles), according to data from Russia’s finance ministry published on Thursday.
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.
(Oil Price) – A new oil pipeline to Canada’s Pacific coast is highly likely to make it to the federal government’s list of projects of national interest, Canadian Prime Minister Mark Carney told Calgary Herald in an interview published this weekend. “I would think, given the scale of the economic opportunity, the resources we have, the expertise we have, that it is highly, highly likely that we will have an oil pipeline that is a proposal for one of these projects of national interest,” C
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