POWER Magazine
JUNE 4, 2025
The Department of Energys (DOEs) abrupt termination of 24 previously awarded projectsincluding four prominent power-related carbon capture projects will rescind $3.7 billion in financial assistance from its Office of Clean […] The post DOE Scraps $3.7B in OCED Projects, Upending Carbon Capture Progress at Power Plants appeared first on POWER Magazine.
OilPrice
JUNE 4, 2025
With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. As a result, upstream investments are expected to decline. Early signals from the peer group of majors support this trend, as they indicate plans to prioritize shareholder returnsparticularly dividends and buybacksover new investments.
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POWER Magazine
JUNE 4, 2025
The current state of play for tariffs is creating headwinds and challenges, along with complexity and uncertainty, for global economies and certainly the renewable energy industry. While the renewable energy sector is no stranger to tariffs and the challenge they present, knowing the current status of such tariffs is the first step to developing mechanisms for dealing with them in a way that can give your project the best chance at success.
OilPrice
JUNE 4, 2025
In a contentiously pivotal move toward energy independence, Ukraine on Wednesday confirmed the launch of natural gas imports via the Trans-Balkan pipeline, bypassing Russian supply and allowing Ukraine to draw gas from European sources, including liquefied natural gas (LNG) imported through Greece and Azerbaijani gas from the Trans Adriatic Pipeline.
Cisco: Oil & Gas
JUNE 4, 2025
At Cisco, were building the critical infrastructure for the AI era. And the shift from generative to agentic AI is making our work even more important and timely. Well be sharing more at Cisco Live on how we're helping to put our customers at the forefront of AI innovation.
OilPrice
JUNE 4, 2025
The head of the International Atomic Energy Agency (IAEA) has warned about the ongoing risk of a nuclear accident in Ukraine, saying the "dangers to nuclear safety continue to be very real and ever-present." The presence of IAEA officials at nuclear facilities in Ukraine remains essential to help prevent a nuclear incident, Raphael Grossi said on June 3 after his 12th visit to Kyiv since the start of Russia's full-scale invasion in February 2022.
POWER Magazine
JUNE 4, 2025
The Federal Energy Regulatory Commission (FERC) on May 13 of this year issued an order addressing the formula rate filings and requests for transmission rate incentives for the Valley Link […] The post Analysis: FERC Denies Hypothetical Capital Structure Incentive for Valley Link Transmission Project appeared first on POWER Magazine.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
Marcellus Drilling News
JUNE 4, 2025
Last week, pipeline giant Williams filed a 246-page request with the Federal Energy Regulatory Commission (FERC) to expedite the reissuance of a certificate for the Northeast Supply Enhancement (NESE) project, a billion-dollar-plus project designed to increase Transco pipeline capacity and flows of Marcellus gas heading into New York City and other northeastern markets (see Williams.
OilPrice
JUNE 4, 2025
WTI oil prices are set to average $58.30 per barrel this year, amid rising OPEC+ and U.S. production and relatively stable global oil demand, a survey of banks by law firm Haynes Boone showed on Wednesday. A total of 28 banks a record high number participated in Haynes Boones Spring 2025 Energy Bank Price Deck Survey, now in its 12th year. The banks on average expect WTI Crude prices to average $58.30 per barrel in 2025, down from $61.89 a barrel expected in Haynes Boones Fall 2024 survey.
Marcellus Drilling News
JUNE 4, 2025
Last week, MDN told you about House Bill (HB) 15, which makes significant changes to state energy policy to encourage the development of more in-state electric generation by making it easier (and more cost-effective) to build gas-fired power (see OH Passes Bill (Now Law) to Encourage More Gas-Fired Power Plants). The bill was signed into.
OilPrice
JUNE 4, 2025
Crude oil inventories in the United States fell by 4.3 million barrels during the week ending May 30, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a drop of 3.3 million barrels in U.S. crude oil inventories, with a sizable build in gasoline stocks.
Marcellus Drilling News
JUNE 4, 2025
On June 2, the Pennsylvania Department of Environmental Protection’s (DEP) latest Environmental Justice newsletter announced that the PennEnviroScreen tool is now “fully integrated within the DEP permitting and programmatic review processes. The tool draws maps to identify areas of “greater environmental justice (EJ) exposures” and potential effects by analyzing “environmental, health, and socioeconomic burdens across.
OilPrice
JUNE 4, 2025
Russias National Wealth Fund, a rainy-day reserves fund, saw its liquid assets drop by the equivalent of nearly $6 billion in May, data from the Russian finance ministry showed on Wednesday. The National Wealth Fund had its readily available liquid assets drop by $5.75 billion (453.8 billion Russian rubles) in May, and the total value dropped to $35.5 billion (2.8 trillion rubles).
Marcellus Drilling News
JUNE 4, 2025
A few weeks ago, MDN brought you the news that the Ohio Department of Natural Resources (ODNR) is laying the blame for a series of low-level earthquakes in southeastern Ohio on fracking at an Encino Energy shale well in Noble County (see ODNR Says Fracking in Noble County, OH Caused Series of Earthquakes). We were.
OilPrice
JUNE 4, 2025
It has been over two years since the Baghdad-based Federal Government of Iraq (FGI) placed an embargo on independent oil exports from the Erbil-based Kurdistan Region of Iraq (KRI). The legal basis for the halting of these essential flows to the finances of the semi-autonomous region of Kurdistan was the International Chamber of Commerces (ICC) order that they would not be resumed until Turkey paid the FGI the US$1.5 billion in damages for these allegedly unauthorised oil exports over many previ
Energy Outlook Advisors
JUNE 4, 2025
June 4, 2025 Share Subscribe now EOA’s Main Takeaway Last week's data gives a sense of normalcy: It generally followed historical trends, with higher refinery utilization reducing crude inventories and increasing product inventories. Imports and exports changes were minimal. Crude inputs into refineries was the highest in almost a year.
OilPrice
JUNE 4, 2025
Energy investments this year are set to hit $3.3 trillion on the back of a strong increase in spending on things such as wind and solar, the International Energy Agency has forecast. In its latest World Energy Investment report, the agency also said that China will cement its position as the top energy investor globally this year. The IEA noted that the surge in energy investments will materialize despite significant challenges such as muted economic growth and uncertainty related to geopolitics
Malcolm Graham Wood
JUNE 4, 2025
Oil remains firm, a weak dollar helps. And Eco Atlantic have got approval from the South African authorities for the stake in Block 1. The post Oil price, Eco Atlantic. appeared first on Malcy's Blog.
OilPrice
JUNE 4, 2025
Central Asian states are demonstrating an increasing willingness to cooperate in managing water resources. Officials from Kazakhstan, Tajikistan and Uzbekistan have signed an agreement covering allocations from the Bahri Tochik reservoir during the summer crop-growing season, the Tajik Ministry of Energy & Water Resources announced in a May 30 Telegram post.
Marcellus Drilling News
JUNE 4, 2025
MARCELLUS/UTICA REGION: Alternative energy proposal presses on, clears PA House panel; OTHER U.S. REGIONS: Glenfarne announces over $115 billion of strategic partner interest for Alaska LNG; Chevron confirms job cuts to Rigzone; US Energy Secretary issues emergency order for Midwest; NATIONAL: US LNG exports decline in May from April’s record; Gulf Coast LNG interruptions persist.
OilPrice
JUNE 4, 2025
State-run oil giant PetroChina will shut the last remaining crude processing unit at its biggest refinery in northern China within weeks, industry sources told Reuters on Wednesday. Dalian Petrochemical, PetroChinas 410,000-barrels-per-day refinery in downtown Dalian, north China, has been shutting processing units since the end of 2023. Now the last remaining crude unit, with a capacity of 200,000 bpd, will be switched off on June 30, according to Reuterss sources.
Cisco: Oil & Gas
JUNE 4, 2025
Discover how the Cisco Store uses smart building technology to enhance in-store analytics, boost customer engagement, reduce energy costs, and improve security.
OilPrice
JUNE 4, 2025
In todays high-stakes energy landscape, pipelines are more than conduitsthey are critical geopolitical tripwires. These steel lifelines carry the hydrocarbons that power global economies, and many run through the most politically volatile regions on Earth. As energy markets tighten and global rivalries sharpen, the vulnerability of these routes transforms them into strategic flashpoints.
POWER Magazine
JUNE 4, 2025
A hydrogen production company that develops the fuel using renewable energy is moving forward with plans for a $1.85-billion solar-powered manufacturing facility in California. The post Preparations Continue for Major Green Hydrogen Production Plant in California appeared first on POWER Magazine.
OilPrice
JUNE 4, 2025
Crude oil prices reversed their trajectory from earlier this week, trending lower today after the American Petroleum Institute reported an estimated inventory rise in both gasoline and middle distillates, and Saudi Arabia cut its oil prices for Asian buyers to an almost four-year low. Brent crude was trading at $64.76 per barrel at the time of writing, with West Texas Intermediate at $62.
EnergyTrend
JUNE 4, 2025
LONGi and Trina Respond: Capacity Expansion, Market Trends, and Strategic Deployment OnJune3,LONGiGreenEnergyreleaseditsinvestorrelationsactivityrecord.Companydirectorsincludingthen-GeneralManagerLiZhenguo,CFOLiuXuewen,andIndependentDi.
OilPrice
JUNE 4, 2025
Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa. Per that data, Iran shipped a little over 1.1 million barrels of crude to China daily, which was 20% lower than export flows in May 2024. Compared to April, the May figure is around 400,000 bpd lower.
EnergyTrend
JUNE 4, 2025
$6.5 Million Investment: Leading PV Company Plans to Build Overseas Factory OnMay30,YingkouJinchenMachineryCo.,Ltd.,aleadingphotovoltaic(PV)equipmentmanufacturer,announcedthatitplanstoestablishawhollyownedMalaysiansubsidiary,.
OilPrice
JUNE 4, 2025
A week ago, the 39th OPEC and non-OPEC Ministerial Meeting was held via videoconference, chaired by Prince Abdulaziz bin Salman Al-Saud, Saudi Arabias Minister of Energy. According to a press release, the group pledged to develop a mechanism to assess the maximum sustainable production capacity (MSC) of member countries that will be used as reference for 2027 production baselines.
Oil & Gas 360º
JUNE 4, 2025
(Investing) – Crude futures tumbled 1.4% today as market participants reacted to a report by Bloomberg indicating that Saudi Arabia is advocating for more aggressive oil supply increases by OPEC+. The kingdoms push for regaining market share is driving its desire to accelerate production hikes in the upcoming months. According to sources familiar with the matter, Saudi Arabia, which exerts significant influence within the OPEC+ alliance, is aiming for the group to increase output by at lea
OilPrice
JUNE 4, 2025
Japanese utilities are boosting their inventories of LNG ahead of the peak summer demand season, as power demand has been weaker in recent weeks. The LNG stocks held by Japans utilities are already higher compared to the same time last year, according to government data cited by Argus. The LNG inventories increased by 4.6% on June 1 from a week earlier, a survey by Japans trade and industry ministry showed.
Oil & Gas 360º
JUNE 4, 2025
(Oil Price) –The conversation about low-carbon hydrogen continued last week at the annual World Utilities Congress, hosted by the multinational energy and water company TAQA in Abu Dhabi. While the hoped-for future trade between Europe and the Middle East and North Africa (MENA) remained in focus, a shift in emphasis appeared. While national goals look increasingly dubious, progress is occurring in specific industry sectors guided by international agreements.
OilPrice
JUNE 4, 2025
Texas has removed BlackRock from its list of oil and gas investment boycotters after the asset manager shrank its ESG footprint, ending a three-year quiet confrontation that saw Texas state investment vehicles pull billions out of BlackRock. I am pleased to announce a significant decline in the number of investment funds that boycott the oil and gas industry, as well as the removal of BlackRock Inc. from the Comptroller's office list of companies that boycott energy companies, Texas State Comptr
Oil & Gas 360º
JUNE 4, 2025
(World Oil) –Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. The survey, now in its 12th edition, is a leading source of information for energy lenders and producers, providing crucial details on commodity price expectations.
OilPrice
JUNE 4, 2025
Kazakhstans national oil and gas company KazMunayGas is looking to borrow cheaper funds from overseas debt issues, including bonds denominated in Chinese yuan, the firms chief executive Askhat Khassenov told Bloomberg. We looked at all options. Currently there is a possibility to sell dim sum, panda bonds, Khassenov said in an interview with Bloomberg published on Wednesday.
Oil & Gas 360º
JUNE 4, 2025
Weekly Crude Oil Storage as of May 30, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 4.3 million barrels from the previous week. At 436.1 million barrels, U.S. crude oil inventories are 7% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 30, 2025.
OilPrice
JUNE 4, 2025
Germanys automotive industry group VDA joined other carmakers to sound the alarm that the recently introduced curbs and controls on Chinas exports of rare earth elements and magnets could disrupt and even idle manufacturing lines.
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