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Tanker Risk Response to Iran-Israel Is The Real Oil Chokepoint

OilPrice

Global tanker operators and shipping authorities have taken decisive action, even without an official closure of the Strait of Hormuz, amid escalating tension between Israel and Iran. Their public statements, route shifts, and risk assessments are reshaping freight scheduling, insurance premiums, and–most significantly–energy market sentiment in real time.

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Duke Agrees to Sell Coal-Fired Power Plant if Indiana OKs Gas Plant

Marcellus Drilling News

Cayuga Station, owned by Duke Energy, is a three-unit coal-fired power plant built between 1970 and 1993 in Vermillion County, Indiana. The existing plant produces as much as 1,040 megawatts (MW) of electricity. Duke recently filed a request with the Indiana Utility Regulatory Commission (IURC) for permission to build two new gas-fired plants at the.

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Pakistan Strikes Critical Win With Oil, Gas Wildcat Discovery

OilPrice

Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis. Drilled to a depth of 4,185 meters, the well tested at 6.4 million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation.

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Talen, Amazon Launch $18B Nuclear PPA—A Grid-Connected IPP Model for the Data Center Era

POWER Magazine

Talen Energy has restructured and significantly expanded its nuclear energy agreement with Amazon Web Services (AWS), finalizing a 17-year, $18 billion power purchase agreement (PPA) that will supply up to […] The post Talen, Amazon Launch $18B Nuclear PPA—A Grid-Connected IPP Model for the Data Center Era appeared first on POWER Magazine.

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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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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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UK Pays Record Sums to Wind Power Generators to Switch Off

OilPrice

The UK’s grid operator has seen its balancing costs jump as more wind farms in Scotland are being paid not to produce electricity to not overburden the constrained network in the region. When wind generation is high in constrained regions of the network, such as Scotland, the National Energy System Operator (NESO) must take actions to turn down wind output and turn on replacement energy in unconstrained regions to keep the system balanced.

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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.

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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.

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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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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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EU to require EU firms to disclose details of Russian gas contracts

Oil & Gas 360º

(Oil Price) – As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will require EU companies to disclose details of their contracts to buy Russian gas, according to an internal European Commission document seen by Reuters. In May, the EU unveiled a roadmap to end dependency on Russian energy. The roadmap calls for the EU to stop all imports of Russian gas by the end of 2027 by improving the transparency, monitoring, and traceability of Russian

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300MW/1.8GWh! Another Cross-Industry Company Plans a Major Energy Storage Project

EnergyTrend

300MW/1.8GWh! Another Cross-Industry Company Plans a Major Energy Storage Project OnJune18,YongzhenCo.,Ltd.(603381.SH),aleadingenterpriseinphotovoltaic(PV)framemanufacturing,announcedthatitssubsidiaryYongzhenPower(Baotou)Co.,Ltd.(he.

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Rystad: Oil Prices To Remain Below $80 Despite Escalating Middle East Tensions

OilPrice

Oil prices are likely to remain capped below $80 per barrel despite the escalating Israel-Iran conflict, research firm Rystad Energy said on Monday, as Iran and Israel continue to trade strikes with the escalation now in its fourth day. “Based on our earlier disruption simulations, we see oil prices capped below $80 per barrel,” Mukesh Sahdev, Rystad Energy’s Global Head of Commodities Markets – Oil, said in a market update, carried by Africa Oil+Gas Report.

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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.

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NJ BPU Commissioner Calls Out Dems for Failed Energy Policies

Marcellus Drilling News

According to a former New Jersey Board of Public Utilities commissioner who was first appointed by Republican Gov. Chris Christie and later reappointed by Democrat Gov. Phil Murphy, New Jersey’s energy policy has “gone off the rails” due to the lack of fact-based planning. The former commissioner, Mary-Anna Holden, should know. She’s someone with a.

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AI-powered WindSafe™ platform achieves first-of-its-kind deployment

Oil & Gas 360º

(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale. Developed by Fennex, an award-winning Aberdeen-based digital technology company, WindSafe was purpose-built to address the evolving challenges of high-risk offshore environments, with support from an innov

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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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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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Report Says 130 New Gas-Fired Power Projects Proposed in Texas

POWER Magazine

A nonprofit environmental group said at least 130 natural gas-fired power plant projects are planned in Texas over the next few years as part of that state's effort to meet growing demand for energy. The Washington, D.C.-based Environmental Integrity Project (EIP), in a report published June 11, said the projects would provide about 58 GW of new generation capacity, while noting that many of the proposed facilities may not move beyond the planning stage.

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WV Supreme Court Grants Landowners Second Major Win in a Week

Marcellus Drilling News

In April, MDN told you that the West Virginia Supreme Court was scheduled to hear oral arguments in two important oil and gas royalty cases (see WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases).

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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025 , featuring a broad group of public and private energy companies at www.enercomdenver.com Limited presentation opportunities remain for E&P, Midstream, OFS, Energy Transition, Nuclear and Emerging Technology companies Sponsorship opportunities are available for companies seeking to increase marketplace and brand awareness through EnerCom’s multi-channel approach before, duri

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How Oilfield Service Companies Can Stay Profitable in an Uncertain Market

Enverus

If you’ve spent any time in the oilfield services industry, you know it’s a cyclical business. When times are good, you’re on speed dial for work. When times are tight, you’re the first to feel it. And right now, with so much uncertainty in the market, profitability becomes the top priority to sustain your business. The question is, how do you stay profitable during this uncertain time ?

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Why U.S. Uranium Production Surged 12-Fold In 2024

OilPrice

For decades, the United States has been the world’s biggest producer of nuclear energy, accounting for 30% of global production. The country, however, currently imports 98% of the uranium feedstock it needs to power its 94 nuclear reactors. Indeed, the U.S. accounts for less than 1% of the world’s uranium output, with Kazakhstan, Canada, and Namibia accounting for nearly two-thirds of global production.

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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.

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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.

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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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A crude view from Abu Dhabi as oil price spike cools

Oilholics Synonymous Report

As the Oilholic hopped across from Doha to Abu Dhabi on Monday it became evident that a further (read dramatic) spike in oil prices was not going to materialize. It was helped in no small part by a report in the Wall Street Journal claiming that the Iranians - battered by precision Israeli bombing that began on Friday - were keen to get back to the negotiating table to end hostilities and resume discussions over its nuclear program.

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Oil Retreats 4% as Iran-Israel Strikes Avoid Major Supply Disruption

OilPrice

Oil prices dropped nearly 4% on Monday, erasing much of last week's conflict-driven gains, as traders reacted to signs of easing tensions between Israel and Iran. The reversal came sharply after a Wall Street Journal report indicated that Iran is urgently signaling its desire to halt hostilities and resume negotiations over its nuclear program. Brent crude fell approximately 3.65% to trade near $75.50 per barrel, while U.S.

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AI on the Edge: Can Distributed Computing Disrupt the Data Center Boom?

POWER Magazine

As artificial intelligence (AI) usage and sophistication grows, questions about the sustainability of the traditional model of utilizing huge, centralized data centers are frequently raised. Hyperscale data centers handle most AI workloads today, but they come with high energy demands and environmental costs. The post AI on the Edge: Can Distributed Computing Disrupt the Data Center Boom?

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PA’s Senators Intro Bill to Move Fossil Energy Office to Pittsburgh

Marcellus Drilling News

Pennsylvania’s U.S. Senators, Dave McCormick, R-Pittsburgh, and John Fetterman, D-Braddock, have introduced Senate Bill 2044, which would move the federal Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) to Pittsburgh. It’s not an insignificant move. The DOE FECM employs approximately 750 federal employees, including scientists, engineers, technicians, and administrative staff.

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EU will need $280 billion investment to boost nuclear energy

Oil & Gas 360º

(Oil Price) – The plans of many EU countries to boost nuclear power capacities will need an investment of as much as $278 billion (241 billion euros), according to estimates by the European Commission. Many EU countries have drafted plans to increase nuclear power capacity or even return to nuclear energy after decades of no nuclear generation, as they look to reduce imports of fossil fuels and meet emissions reductions and net-zero goals with more nuclear power.

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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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Carney Faces Crisis as Alberta Oil Anger Boils Over

OilPrice

Canada’s new Prime Minister Mark Carney faces his first real challenge to Canadian unity amid a soured relationship with the long-time trade partner and ally, the United States. A movement to secede from Canada is growing in the oil-rich province of Alberta, which contributes a large part to Canadian economy and budget and has the highest gross domestic product (GDP) per capita among Canadian provinces.

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XGS Energy, Meta Partner for 150-MW Advanced Geothermal Project

POWER Magazine

XGS Energy and Meta Platforms announced announced an agreement to support development of 150 MW of next-generation geothermal energy in New Mexico. The groups on June 12 said XGS Energy’s […] The post XGS Energy, Meta Partner for 150-MW Advanced Geothermal Project appeared first on POWER Magazine.

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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.

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