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Refinery Outages Force Russia to Redirect Crude to Export Markets

OilPrice

Russia is preparing to sharply increase crude oil exports this month after Ukrainian drone strikes disabled two major refineries, leaving excess unprocessed crude with no domestic outlet and prompting a shift toward western port shipments. According to Reuters, crude shipments from Russia’s western ports could increase to 2 million barrels per day in August, about 200,000 bpd more than previously planned.

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Egypt Advances Industrial Decarbonization with Mitsubishi Power’s Hydrogen Conversion Technology

Egypt Oil & Gas

Mitsubishi Power, the energy solutions brand of Mitsubishi Heavy Industries, has completed a hydrogen fuel conversion project at the refinery of the Alexandria National Refining and Petrochemical Company (ANRPC). The project marks the first industrial use of hydrogen as boiler fuel in Egypt and the wider MENA region. The project, whose contract was unveiled in 2022, contributes to the utilization of 14,000 tons per year (tpa) of hydrogen-rich gases available in the production units, reducing nat

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Egypt's $10 Billion Green Gamble

OilPrice

Egypt has been steadily increasing its renewable energy capacity in recent years in a bid to enhance its energy security. By 2024, Egypt had a total installed capacity of renewable energy of almost 7.8 GW. While its hydropower segment has remained stable at around 2.8 GW since 2018, it has significantly expanded its wind and solar energy sectors. Egypt’s solar energy capacity increased from 35 MW in 2012 to almost 2.6 GW in 2024, with several more large-scale solar projects currently under devel

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PJM’s Record-High Capacity Prices Spark Sector Reckoning as Market Signals, Policy Battles Intensify

POWER Magazine

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,

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Rethinking the future: A new operating model for gas distributor success

McKinsey

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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Eastern Gas Files with FERC to Expand Pipe Flows from PA to OH

Marcellus Drilling News

Eastern Gas Transmission and Storage (EGTS), a wholly owned subsidiary of Berkshire Hathaway Energy Company (Warren Buffett’s company), filed a new project with the Federal Energy Regulatory Commission (FERC) on Monday. The project is called the Appalachian Reliability Project (ARP) and is designed to move more natural gas from Pennsylvania to Ohio.

Gas
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Oil Giant Sinopec Opens New Shale Play in China

OilPrice

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

Oil

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Halliburton awarded contract for Northern Endurance Partnership CCS monitoring

Oil & Gas 360º

(World Oil) – Halliburton has secured a contract to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system in northeast England’s East Coast Cluster (ECC). Halliburton will manufacture and deliver the majority of the equipment required for this project from its U.K. completion manufacturing facility in Arbroath.

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Energy M&A Activity Attains New Heights

Permian Basin Oil and Gas Magazine

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.

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DOE Approves Increase in Venture Global Calcasieu Pass LNG Exports

Marcellus Drilling News

Venture Global’s Calcasieu Pass (CP) LNG export facility in Louisiana began operations in March 2022 (see Calcasieu Pass LNG Loads Inaugural Cargo; Sabine Pass LNG Expands). After liquefying and exporting over 400 cargoes of LNG from March 1, 2022, through April 2025, Venture Global said its CP LNG export facility in Louisiana was officially open.

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The White Island Goes Green: How Graciosa Became a Global Benchmark for Hybrid Renewable Power

POWER Magazine

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.

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ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Offshore Engineer

ADNOC Gas and its subsidiaries have signed Heads of Agreement with Hindustan Petroleum Corporation to supply 0.

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WTI and Permian Gas Price Trends

Permian Basin Oil and Gas Magazine

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.

Gas
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OEUK responds to expansion of Hynet CCUS cluster

Offshore Energies UK

Offshore Energies UK has today responded to the UK Government shortlisting six projects to start negotiations to join the HyNet carbon capture cluster in the North West. The projects include low-carbon power, hydrogen production, bioenergy with carbon capture, and direct air capture initiatives, all aimed at cutting industrial emissions. Commenting, OEUK head of energy policy Enrique Cornejo, said: “The HyNet expansion process is critical to making the most of the UK’s carbon storage potential,

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The Hidden Signals in Oil Markets

OilPrice

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.

Oil
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Doubling Down on Reliability: Karachi’s Engineered Smart Grid Breakthrough

POWER Magazine

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.

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Agogo FPSO Produces First Oil at Azule Energy’s Field off Angola

Offshore Engineer

Azule Energy, a joint venture between BP and Eni, has started producing oil through the Agogo floating production, storage and offloading (FPSO) unit, operating…

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ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Asian Oil & Gas

ADNOC Gas and its subsidiaries have signed Heads of Agreement with Hindustan Petroleum Corporation to supply 0.

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Fair network charges and flexible demand: cutting the cost of the energy transition

Energy Transition

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?

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Germany’s No-Subsidy Offshore Wind Auction Flops with No Bids Filed

OilPrice

Germany’s latest offshore wind auction without government subsidies failed to attract a single bid on Wednesday, alarming the local offshore wind sector, which is calling for a fundamental redesign of Germany’s renewable energy auctions. The Federal Network Agency’s auction for 10.1 gigawatt (GW) offshore wind farms in the German part of the North Sea ended with no investor submitting a bid for any of the two proposed sites, the Federal Association for Offshore Wind Energy, BWO, said.

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How Nation’s Largest Dynamic Line Rating Deployment Unlocked Nearly 50% More Transmission Capacity for Great River Energy

POWER Magazine

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.

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Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

Offshore Engineer

Inpex Masela, a subsidiary of Japan’s Inpex and the operator of the Abadi liquefied natural gas (LNG) project in the Masela Block in Indonesia, has started Front…

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Repsol-NEO merger forms one of largest producers on UK Continental Shelf

Oil & Gas 360º

(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

E&P
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FERC Approves Major Powergen Deal: Constellation Buying Calpine

Marcellus Drilling News

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.

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Oil Majors Beat Back $4.2 Billion Fine in Kazakhstan

OilPrice

A Kazakh appellate court has sided with the international oil majors operating the Kashagan oilfield, overturning a massive $4.2 billion environmental fine over sulfur storage practices. The North Caspian Operating Company (NCOC)—a consortium that includes Eni, Shell, ExxonMobil, and TotalEnergies—hailed the decision as confirmation that their sulfur handling meets both Kazakh legal requirements and global industry standards.

Oil
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EPRI Announces Distribution System Operator Certification Program

POWER Magazine

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.

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Blackstone Announces Agreement to Acquire Enverus

Enverus

New York, NY – August 6, 2025 – Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman & Friedman and Genstar Capital. Enverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers’ capital allocation and asset optimization decisions across the entire energy ecosystem.

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Valor | Energy Connection – Aug. 4, 2025

Valor

August 4, 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.

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Energos Force Arrives in Aqaba to Secure Gas Supply for Jordan and Egypt

Egypt Oil & Gas

Jordan received on Friday the Energos Force floating, storage, and regasification unit (FSRU) at its Aqaba port, ahead of its connection to the Arab Gas Pipeline. The unit is set to commence operations next Tuesday, facilitating the gasification of liquefied natural gas (LNG) shipments, according to Jordan’s news agency. Egypt and Jordan signed a cooperation agreement in 2024 that entails leveraging Egypt’s floating storage and regasification units (FSRUs) to supply Jordan with natural ga

Gas
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Record Permian Output Boosts Exxon's Q2 Results

OilPrice

Despite the slide in oil prices in the second quarter, ExxonMobil (NYSE: XOM) reported on Friday earnings that exceeded analyst estimates on the back of increased oil and gas production in the U.S. Permian shale basin and offshore Guyana. Exxon’s earnings stood at $7.1 billion for the second quarter, or $1.64 per share, as the company achieved its highest second-quarter upstream production since the merger of Exxon and Mobil more than 25 years ago.

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SSE Moving Forward With Major Scottish Offshore Wind Farm

POWER Magazine

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.

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Canada’s LNG Era Has Officially Begun as U.S. Shale Output Slows

Rextag

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.

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Enterprise Products Partners expands, commissions plants in Delaware Basin

Permian Basin Oil and Gas Magazine

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.

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National University of Singapore’s Energy Studies Institute and FutureScaleX release new policy brief on US climate policy reversal and Asia’s growing CCS opportunity

Oilfield Technology

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.

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Germany Eases Restrictions on Geothermal Exploration

OilPrice

Germany’s government on Wednesday endorsed a bill proposing to fast-track the development of geothermal energy for heating as it looks to reduce emissions from buildings. The bill includes measures to accelerate the process for approving geothermal energy projects such as geothermal plants, district heating pipelines, heat pumps, and thermal storage.

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Arevon Starts Construction of $600-Million California Energy Storage Project

POWER Magazine

Arizona-headquartered Arevon Energy said it has started construction of the Nighthawk Energy Storage Project in Poway, California. The company on July 31 provided more details of the 300-MW/1,200-MWh installation that represents a $600-million investment. Arevon will own and operate Nighthawk. The company in 2021 signed a long-term contract under which the energy storage facility will […] The post Arevon Starts Construction of $600-Million California Energy Storage Project appeared first o

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Japan Designates Hokkaido Sites for Offshore Wind Auctions

Offshore Engineer

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…