OilPrice
AUGUST 2, 2025
I’ve been following the oil market closely this year—daily, even hourly at times—and if there’s one thing I can say with confidence, it’s that the surface-level calm belies several meaningful shifts that are underway. To fully grasp those shifts, and the long-term direction of oil prices and markets, one needs to look at some of the big-picture changes taking place.
McKinsey
JULY 31, 2025
Skip to main content Rethinking the future: A new operating model for gas distributor success July 31, 2025 | Article Alessandro Agosta   Humayun Tai Beatrice Enrico A new target operating model is crucial if gas distribution system operators are to capture the opportunities presented by changing market forces. Gas distribution system operators (DSOs) have historically played a key role in economic development, contributing to both industrial growth and improved quality of life for households
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OilPrice
JULY 28, 2025
The U.S. Nuclear Regulatory Commission on Thursday granted multiple licensing and regulatory approvals necessary for the 800-MW Palisades nuclear plant in Michigan to restart operations later this year. Palisades is now authorized to receive new fuel and formally transition licensed reactor operators to on-shift status, Holtec International said in a statement.
POWER Magazine
JULY 31, 2025
Capacity prices in PJM Interconnection’s latest auction spiked to the market’s price ceiling, hitting $329.17/MW-day across the board for the 2026/2027 delivery year—the maximum allowed under new Federal Energy Regulatory Commission (FERC) rules. The regional transmission organization’s (RTO’s) competitive Base Residual Auction (BRA), conducted on July 9, 2025, and released on July 22, secured 134,311 […] The post PJM’s Record-High Capacity Prices Spark Sector Reckoning as Market Signals,
Asian Oil & Gas
JULY 30, 2025
India’s Oil and Natural Gas Corporation (ONGC), BP Exploration (Alpha), and Reliance Industries (RIL) have signed a joint operating agreement (JOA) to explore offshore…
Rigzone
JULY 29, 2025
Venture Global reached a positive FID and closed $15.1 billion in financing for phase I of the CP2 LNG project and the associated CP Express Pipeline.
OilPrice
JULY 28, 2025
Shares of U.S. LNG producers jumped in early trading Monday after the European Union agreed to dramatically increase its energy imports from the United States, pledging $250 billion in annual purchases under a new transatlantic trade framework. The move includes LNG, oil, and nuclear energy and was announced in Brussels earlier today. Cheniere Energy, NextDecade, and Venture Global were among the biggest pre-market gainers, with some stocks rising as much as 8.8% before the U.S. market opened.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
POWER Magazine
AUGUST 1, 2025
Biogas doesn’t just offer a backup plan for tech companies seeking more power; it provides a blueprint for sustainability. By transforming landfill, agricultural, and wastewater emissions into usable power, biogas solves two problems at once: it reduces fugitive methane emissions, a potent greenhouse gas (GHG), and generates renewable electricity. This is energy that’s good for […] The post How Biogas Is Solving Data Centers’ Clean Energy Challenge appeared first on POWER Magazine.
Offshore Engineer
JULY 30, 2025
The merger between Repsol Resources UK and NEO Energy has been completed, creating NEO NEXT Energy as one of the largest producers on the UK Continental Shelf (UKCS)…
Permian Basin Oil and Gas Magazine
AUGUST 1, 2025
With energy demand increasing substantially in recent years, energy and utilities companies are preparing for immediate growth opportunities, and they are using mergers and acquisitions (M&A) as a tool to increase operational efficiencies, integrate new technologies, and create greater stability within the sector. Energy sector M&A is gaining significant momentum, with transaction volumes exceeding $57B in 2024—more than double the pre-pandemic totals of 2019.
OilPrice
JULY 29, 2025
Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy. Once hindered by technical and operational challenges, FLNG projects are now achieving utilization rates comparable to onshore terminals.
BOE Report
JULY 28, 2025
(Corrects currency figures to C$ throughout, and removes operating expenses figure in key details) Overview * Surge Energy Q2 production averaged 23,589 boepd * Co reports Q2 net income C$31.91 mln * Company raises average 2025 production guidance to 23,000 boepd, cuts capex by $15 mln * Q2 adjusted funds flow at C$72.
POWER Magazine
AUGUST 1, 2025
A Portuguese island that once relied almost exclusively on expensive diesel fuel shipments to keep the lights on now runs entirely on wind and solar power for nearly half the year. Graciosa didn’t just The post The White Island Goes Green: How Graciosa Became a Global Benchmark for Hybrid Renewable Power appeared first on POWER Magazine.
Offshore Engineer
JULY 31, 2025
Azule Energy, a joint venture between BP and Eni, has started producing oil through the Agogo floating production, storage and offloading (FPSO) unit, operating…
Permian Basin Oil and Gas Magazine
AUGUST 1, 2025
In the second half of 2025, West Texas Intermediate (WTI) is expected to average around $66 per barrel, reflecting elevated geopolitical risk premiums—particularly due to tensions in the Middle East—while tempered by ample global supply growth. The U.S. Energy Information Administration (EIA) raised its mid-year forecast accordingly and now expects WTI to gradually decline to $59/bbl by December 2025, and slide further into the low $50s— ending at roughly $53/bbl by late 2026.
OilPrice
JULY 28, 2025
U.S. liquefied natural gas exporters pushed higher Monday following the European Union’s announcement of a $750?billion energy purchasing framework for the next three years, heavily focused on LNG. But signals from natural gas futures and producers like EQT suggest near-term sentiment is more cautious than heady. Cheniere Energy (LNG)—America’s flagship LNG exporter—rose about 1.7%, trading at $229.23, as renewed optimism over long-term European contracts fueled buying.
Marcellus Drilling News
JULY 30, 2025
The U.S. Department of Energy (DOE) yesterday released a new report, “A Critical Review of Impacts of Greenhouse Gas Emissions on the U.S. Climate” (full copy below), evaluating existing peer-reviewed literature and government data on climate impacts of Greenhouse Gas (GHG) Emissions and providing a critical assessment of the conventional narrative on climate change.
POWER Magazine
AUGUST 1, 2025
Faced with soaring demand and limited visibility into upstream grid assets, Karachi-based K-Electric engineered an in-house special protection system that delivers more than 600 MW of secure power imports to The post Doubling Down on Reliability: Karachi’s Engineered Smart Grid Breakthrough appeared first on POWER Magazine.
BOE Report
JULY 28, 2025
Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade, Venture Global, and Cheniere Energy jumped between 7% and 8.
Permian Basin Oil and Gas Magazine
JULY 29, 2025
An analysis by S&P Global Commodity Insights reveals that methane intensity of oil and gas production in Permian Basin declined by more than 50 percent during 2022-24. The firm said, “Improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates.” The data for 2024 show the methane emissions intensity of upstream oil and gas operations in the region to be 0.44 percent per barrel of oil equivalent – a reduc
OilPrice
JULY 28, 2025
Electric transformers aren't something most people think about unless one attached to the power lines serving their home or business is damaged, resulting in a power outage. Most of the time, power comes back on quickly, indicating that the transformers were not the problem. It takes longer to replace a transformer damaged beyond repair. And that can be a problem if large numbers of transformers are damaged at once such as occurred in the recent California wildfires.
Energy Transition
AUGUST 1, 2025
As Europe’s energy system shifts from fossil fuels to decentralised renewable energies, one challenge is coming into focus: how can the rising costs of expanding and modernising the electricity grids required for the transport of renewable power be financed fairly and efficiently?
POWER Magazine
AUGUST 1, 2025
Great River Energy’s dynamic line rating (DLR) project is the largest DLR deployment to date in the U.S. based on the number of sensors installed. Early results identified a 48.92% increase in power carrying The post How Nation’s Largest Dynamic Line Rating Deployment Unlocked Nearly 50% More Transmission Capacity for Great River Energy appeared first on POWER Magazine.
Oil & Gas 360º
JULY 31, 2025
(World Oil) – The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create one of the largest producers on the UK Continental Shelf (UKCS). The combined group has been renamed NEO NEXT Energy Limited. “This combination creates a jointly governed business which will call upon the key strengths of both shareholders,” commented Francisco Gea, Executive Managing Director of Exploration and Production at Repsol. “Repsol contributes operatio
Oil & Gas Journal
JULY 28, 2025
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OilPrice
JULY 31, 2025
China has certified 147 million barrels of oil reserves in a new shale play operated by state energy giant Sinopec in the southwestern part of the country, as the world’s top crude oil importer look to boost domestic output. China Petroleum & Chemical Corporation, or Sinopec, as it is more commonly known, announced on Thursday that the Chinese Ministry of Natural Resources certified 20.1 million metric tons, or 147 million barrels of oil, in the Fuxing shale play, as well as 12.35 billion cubic
Marcellus Drilling News
JULY 31, 2025
In January, Constellation Energy (a huge power-generating company) announced a deal to buy out and merge with Calpine (another huge power-generating company). Calpine owns 79 energy facilities across the country, generating some 27 gigawatts (GW) of electricity, with a large number located in the eastern U.S. Many of Calpine’s facilities use natural gas to produce.
POWER Magazine
JULY 31, 2025
The electric power industry is undergoing a transformative shift, driven by increasing grid complexity and the integration of renewable energy sources, while still providing reliable, affordable energy. At the heart of this evolution is the role of the distribution system operator (DSO), a position critical to managing the modern distribution grid. Historically, the DSO role […] The post EPRI Announces Distribution System Operator Certification Program appeared first on POWER Magazine.
Rextag
AUGUST 1, 2025
As U.S. shale gas output faces mounting economic challenges, Canada is presented with a timely opportunity to strengthen and expand its natural gas exports—though advancing key infrastructure projects like the Sunrise Expansion Program will be essential. The once-reliable supply of American shale gas, long a foundation of North America's energy mix, is now under pressure.
Permian Basin Oil and Gas Magazine
AUGUST 1, 2025
Record volumes from operations in Permian Basin and Haynesville helped Houston-based Enterprise Products Partners maintain its financial results in the first half of 2025. A.J. (Jim) Teague, co-CEO, said Monday, “We are excited for the opportunities the second half of 2025 is poised to present with approximately $6 billion of our organic growth capital projects slated to enter commercial service.
OilPrice
JULY 27, 2025
Nuclear energy is experiencing a political and technical renaissance. Around the world, nuclear fission is gaining traction as a critical piece of the puzzle for maintaining energy security while also slashing greenhouse gas emissions. Much of the renewed excitement over nuclear power comes from advances in nuclear technologies, particularly small modular reactors (SMRs), which are supposed to make nuclear capacity expansion cheaper, safer, and more efficient.
Oilfield Technology
JULY 31, 2025
The brief provides new analysis of stalled US project pipelines, modelling on the economic impact of new import tariffs, and a growing innovation gap that now favours East Asia.
POWER Magazine
JULY 31, 2025
Scottish energy giant SSE said it has government approval to develop an offshore wind farm that at present would be the largest such installation in the world. The post SSE Moving Forward With Major Scottish Offshore Wind Farm appeared first on POWER Magazine.
Valor
JULY 28, 2025
July 28, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry.
Offshore Engineer
JULY 31, 2025
Japan's industry and land ministers on Wednesday designated Matsumae and Hiyama, areas off the northern island of Hokkaido, as promotion zones for upcoming offshore wind power auctions…
OilPrice
JULY 28, 2025
Saudi Aramco has awarded a fresh round of contracts for the mammoth Zuluf oilfield expansion—an offshore project worth around $5 billion, aimed at boosting production capacity by more than 600,000 barrels per day. This latest investment push comes just days before Aramco is set to release its Q2 2025 results, which analysts expect will reflect a double-digit profit decline amid sustained oil price weakness.
BOE Report
AUGUST 1, 2025
IRVING, Texas–(BUSINESS WIRE)–#EnergySolutions—Fluor Corporation (NYSE: FLR) announced today that its Joint Venture (JV) with JGC Corporation has been awarded the contract to update the Front End Engineering and Design (FEED) for a proposed Phase 2 expansion of the LNG Canada facility located on the traditional territory of Haisla Nation in Kitimat, British Columbia, Canada.
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