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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.

Energy 337
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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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AGA Report Shows Fossil Fuels Produce 87% of World Energy Supply

Marcellus Drilling News

The American Gas Association’s 2025 Energy Institute Statistical Review of World Energy was published on June 26, 2025, covering full-year 2024 data on global energy and emissions statistics. Global energy supply reached an all-time high with natural gas contributing the most incremental supply additions of any single energy source in 2024. Nearly 87% of global.

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A Transformative Dawn: South Fork Wind Leads America’s Offshore Reboot

POWER Magazine

Winning POWER’s highest honor, South Fork Wind—the first commercial-scale offshore wind farm in U.S. federal waters—stands as a beacon for the power sector’s ambition to forge new industries in the The post A Transformative Dawn: South Fork Wind Leads America’s Offshore Reboot appeared first on POWER Magazine.

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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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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

Barrel 186
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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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Renewable Energy Surges, but Grid Crisis Looms as Demand Grows and Policies Shift

POWER Magazine

The U.S. electric power sector is experiencing a surge in renewable energy deployment, yet the grid faces mounting pressure from skyrocketing demand and shifting federal policies. As data centers and The post Renewable Energy Surges, but Grid Crisis Looms as Demand Grows and Policies Shift appeared first on POWER Magazine.

Energy 204
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OPEC+ members agree to larger-than-expected oil production hike in August

CNBC: Energy

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Oil 130
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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

Gas 140
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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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UK’s Largest Solar Park Enters Commercial Operation

POWER Magazine

A global energy infrastructure management group said one of its solar-plus-storage projects in the UK is now online. Quinbrook Infrastructure Partners on July 1 said the 373-MW Cleve Hill Solar Park has started commercial operation, and represents the largest solar power and energy storage installation built to date in the UK. Quinbrook on Tuesday said […] The post UK’s Largest Solar Park Enters Commercial Operation appeared first on POWER Magazine.

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OPEC+ set to complete big oil output cut unwinding in Sept, sources say

Oil & Gas 360º

(BOE Report) – OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates’ move to a larger quota, five sources said. The group, which pumps about half of the world’s oil, has been curtailing production for several years to support the market.

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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.

Oil 174
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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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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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A Modern Blueprint for Coastal Power: China’s Offshore Solar-Hydrogen Integration

POWER Magazine

Built on degraded tidal flats in China’s Jiangsu Province, CHN Energy’s Rudong project combines 400 MW of offshore photovoltaic generation, grid-scale battery storage, and green hydrogen production with The post A Modern Blueprint for Coastal Power: China’s Offshore Solar-Hydrogen Integration appeared first on POWER Magazine.

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Europe drives LNG import growth as Asia stumbles on higher price: Russell

Oil & Gas 360º

(BOE Report) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. Total imports of the super-chilled fuel were 208.62 million metric tons in the first six months of this year, up 1.7% from the 205.11 million for the same period in 2024, according to data compiled by commodity analysts Kpler.

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Jinko Solar Submits 1440MWh Solar-Storage Project Proposal in Australia

EnergyTrend

Jinko Solar Submits 1440MWh Solar-Storage Project Proposal in Australia Jinko SolarAustraliahassubmittedaproposalfora1440MWhsolar-plus-storageprojectinNewSouthWalesunderthefederalEnvironmentProtectionandBiodiversityConserv.

Energy 130
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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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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.

Gas 180
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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

Energy 147
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ADNOC Drilling secures five-year, $800 million contract for oilfield services

Oil & Gas 360º

(World Oil) – ADNOC Drilling has secured a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs, the UAE-based company announced Monday. The five-year agreement is set to commence in 3Q 2025, marking another significant milestone in ADNOC Drilling’s evolution as a fully integrated technology-enabled energy services company.

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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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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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Taiwan’s Tech Industry Driving Country’s Energy Demand

POWER Magazine

Taiwan is among several countries experiencing an energy crisis, with its supply of power struggling to keep up with demand from a rapidly growing high-tech sector. The country has long depended on imported The post Taiwan’s Tech Industry Driving Country’s Energy Demand appeared first on POWER Magazine.

Energy 165
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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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Oil price, CEG, Predator, Tower, Prospex, Petrofac.

Malcolm Graham Wood

Oil is better today into 2H 2025. Challenger and Predator have a delay in Trinidad but not a problem , PRD also update on Morocco. Tower draw down as they buy kit and Prospex had a good raise. Finally PFC have another court setback. The post Oil price, CEG, Predator, Tower, Prospex, Petrofac. appeared first on Malcy's Blog.

Oil 147
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Why BP Became Target of Biggest Potential Oil Deal in Decades

OilPrice

Reports and rumors have intensified this year that BP is in the crosshairs of rivals, especially Shell, for a potential takeover that would be the largest deal in the oil industry since the Exxon and Mobil merger in 1999. Five years of U-turns in strategy and the abrupt departure of the architect of the ‘greener’ BP, Bernard Looney, have left investors unconvinced in the direction the UK supermajor is taking and whether it could – at some point, finally – convince shareholders and the market tha

Oil 314
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PA EHB Rejects Request to Dismiss McKean Co. Injection Well Appeal

Marcellus Drilling News

MDN previously brought you the news that the Pennsylvania Dept. of Environmental Protection (DEP) approved a plan by Catalyst Energy to convert an existing conventional gas production well on Route 646 in Cyclone (Keating Township, McKean County, PA) into a shale wastewater injection well (see PA DEP Approves Shale Wastewater Injection Well in McKean County).

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Chile Focuses on Solar and Storage as Generation Capacity Expands

POWER Magazine

Chile is rapidly moving to build more power generation capacity, with much of that effort focused on renewable energy resources and battery energy storage systems (BESS). The country as part of that ambition The post Chile Focuses on Solar and Storage as Generation Capacity Expands appeared first on POWER Magazine.

Energy 130
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YPF turnover ruling in US casts shadow on Argentina’s shale, FX plans

Oil & Gas 360º

(Investing) – BUENOS AIRES -A dramatic ruling by a U.S. court ordering Argentina to hand over the 51% stake it holds in state energy firm YPF has cast a shadow over the country’s plans for its huge Vaca Muerta shale formation and hopes to return to global markets. U.S. District Judge Loretta Preska said on Monday that Argentina must transfer its YPF shares within 14 days to partially satisfy an earlier $16.1 billion court judgment against the country over its 2012 nationalization of the fi

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Bearish oil thesis yet to play out

Enverus

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.

Oil 130
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Russia’s Oil and Gas Revenues Dip to January 2023 Low

OilPrice

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.

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O&G Storage Tank Co. Opens New Plant in Coshocton, OH – 89 Jobs

Marcellus Drilling News

Fox Tank Company, a Texas-based provider of steel storage tanks and pressurized separation vessels for the oil and gas industry, has opened a new manufacturing facility in Coshocton County, OH, at the former site of Crozier Welding. Fox has pledged to invest $7.9 million and create 89 new jobs at the facility. Fox chose the.

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Flow State: The Connected Future of Hydropower Generation

POWER Magazine

As aging infrastructure meets rising demand, hydro plants are embracing modern control systems to unlock data, streamline operations, and power a more resilient, connected future. Hydro generation has been a The post Flow State: The Connected Future of Hydropower Generation appeared first on POWER Magazine.