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Despite lower oil prices, Canada’s oil sands production is expected to reach an annual all-time high of 3.5 million barrels per day (bpd) this year, thanks to optimization and efficiency at producing assets, S&P Global Commodity Insights said on Tuesday in its latest outlook. Output from Canada’s oil sands will continue to rise beyond this year, according to S&P Global Commodity Insights’ 10-year production outlook.
New York Gov. Kathy Hochul said the state is ready to build a utility-scale nuclear power plant and would seek funding from the private sector to make it a reality. The governor on June 23 provided few details about the project, except to say it likely would be located in an upstate location. The post New York Gov. Says State Will Build New Nuclear Power Plant appeared first on POWER Magazine.
Even before the latest potentially game-changing developments began involving its longtime financial, political, and military ally Iran, it was clear that Iraq needed to focus more on the independent development of its own resources -- most notably in energy -- for its future. In the weeks leading up to the Western-backed Israeli attacks on Iran, the U.S.
Diversified Energy and global investment firm Carlyle have formed a strategic partnership to invest up to $2 billion in proved developed producing (PDP) natural gas and oil assets across the U.S. Diversified will operate and manage the assets, while Carlyle brings the money and financial expertise, aiming to “securitize” these investments for long-term funding.
Russia could use its excess natural gas to power AI data centers or crypto mining operations, Russian officials have said, as Moscow’s pipeline gas exports to Europe have collapsed and led to an oversupply at home. Russian gas supply via pipelines to Europe has slumped since 2022, after Russia cut off many EU customers from its gas deliveries, and Nord Stream stopped supplying gas to Germany, after Russia reduced flows and after a sabotage in September 2022.
The West Virginia Supreme Court recently issued two 3-2 decisions reinforcing that oil and gas producers generally cannot deduct post-production costs from royalty payments to mineral owners unless lease agreements explicitly permit such deductions. We previously reported on both decisions. On June 6, the Supremes ruled in Kaess v. BB Land LLC on “in-kind” royalty.
Oil prices dropped dramatically after a surprisingly speedy ceasefire was agreed between Israel and Iran, although the peace remains fragile.- US electricity demand is expected to soar to levels not seen since the summer of 2013 as regional operator PJM warned of consumption potentially reaching 158 GW, with temperatures nearing 100°F.- Power demand in the US averaged 36.5 BCf/d over the weekend before skyrocketing to 47.5 BCf/d on 24-25 June, greatly slowing down the pace of US natural gas stor
OTHER U.S. REGIONS: New York launches first nuclear energy project in US in 15 years; NATIONAL: What if the foundation of the climate scare was a calculated lie?; Natural gas price slides below $3.90 as momentum cools after failed breakout; How the end of carbon capture could spark a new industrial revolution; INTERNATIONAL: Oil settles.
OTHER U.S. REGIONS: New York launches first nuclear energy project in US in 15 years; NATIONAL: What if the foundation of the climate scare was a calculated lie?; Natural gas price slides below $3.90 as momentum cools after failed breakout; How the end of carbon capture could spark a new industrial revolution; INTERNATIONAL: Oil settles.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again, this time by 4.277 million barrels in the week ending June 20 after analysts had estimated a much more conservative 600,000-barrel draw. The draw adds to last week’s shockingly massive 10.133 million barrel inventory decrease. So far this year, crude oil inventories are up 3.3 million barrels, according to Oilprice calculations of API data.
Venture Global (VG) has begun construction on the Calcasieu Pass 2 (CP2) LNG export facility in Cameron Parish, Louisiana. This is the third LNG facility VG will have built, and upon completion, it will propel VG to be the largest LNG exporter in the United States and the second largest in the world. Pretty heady.
The UK’s government must find a way to lower energy costs if it wants to accomplish its climate change goals, a report by the Climate Change Committee said this week. The CCC is the official advisor to the government on all things net zero. “Making electricity cheaper will help people feel the benefits of the transition and speed up the uptake of clean electric technologies, such as heat pumps and electric vehicles,” the advisory body said, stopping short of suggesting how exactly this could be
Renewable energy developer and project operator Agilitas Energy announced it the company has acquired two late-stage hydropower development projects from Advanced Hydro Solutions. Agilitas on June 24 said the 30-MW Tygart Hydropower Project in Grafton, West Virginia, and the 14-MW Jennings Randolph Hydropower Project in Garrett County, Maryland, represent Agilitas Energy’s first hydropower assets.
Nigeria’s Economic and Financial Crimes Commission has arrested two ex-oil officials, including the former chief financial officer of Nigeria’s state energy firm NNPC, over an alleged $7.2-billion fraud, corruption, and abuse of office. The financial crimes authorities have arrested Umar Ajiya Isa, a former CFO at NNPC, as well as Jimoh Olasunkanmi, a former managing director of the Warri refinery in Nigeria.
Yesterday, the Pennsylvania Public Utility Commission (PUC) announced the distribution of $164,592,500 in natural gas impact fees collected from producers for the 2024 reporting year. The bad news is that the impact fee raised $15 million less than it did in 2023, the prior year. The good news is that the state Independent Fiscal Office.
The FTSE 100 made minor gains on Tuesday but London’s blue-chip stocks rebound was held back by the falling price of oil. The UK’s flagship index nudged up 0.3 per cent in early trading to around 8,783. But significant gains were held back by a slump from oil giants BP and Shell. BP topped the fallers down over five per cent to near 366p while Shell was not far behind at four per cent.
(World Oil) – SLB has announced a strategic collaboration agreement with Cactus Drilling, the largest privately held land drilling contractor in the U.S., to expand the adoption of automated and autonomous drilling solutions. The collaboration aims to deliver optimized performance through enhanced operational efficiency and consistency in execution by scaling advanced digital solutions.
92.92 GW Added in a Single Month! China’s Total PV Capacity Surpasses 1TW, Setting New Records Again OnJune23,China’sNationalEnergyAdministrationreleasedpowerindustrystatisticsforJanuarytoMay.BytheendofMay,China’stotalinstalledpowergenerationcapacityr.
(New York Post) – New York is planning to build the first major new US nuclear power plant in more than 15 years, Gov. Kathy Hochul said — and it will have enough output to power 1 million homes. The New York Power Authority has been instructed to develop the zero-emission advanced nuclear power plant in upstate New York with no less than 1 gigawatt of electricity as the state grasps to meet its legally-mandated climate goals.
S&P Global Commodity Insights Raises 10-year Oil Sands Production Outlook for 4th consecutive year CALGARY, AB, June 24, 2025 /PRNewswire/ — S&P Global Commodity Insights has raised its 10-year production outlook for the Canadian oil sands. The latest forecast expects oil sands production to reach a record annual average production of 3.
(Oil Price) – Alberta could receive within weeks a proposal from a private company for a new pipeline from the oil-rich province to British Columbia’s northwest coast, Alberta Premier Danielle Smith told Bloomberg News in an interview published on Tuesday. A new pipeline to Canada’s northwest Pacific coast “is the most credible and the most economic of all of the pipeline proposals the private sector would consider,” Smith told Bloomberg, declining to name any companies potentially invol
Talk about shotgun weddings! WhiteHawk Energy has been smitten with PHX Minerals for two years. WhiteHawk repeatedly proposed marriage (M&A), yet PHX repeatedly gave WhiteHawk the cold shoulder (see our WhiteHawk/PHX articles here). After begging, pleading, threatening, and appealing to shareholders, WhiteHawk did it. In May, WhiteHawk, one of the largest royalty owners in the.
(Investing) – BRUSSELS -European Union diplomats said they expect to reach a deal during an EU summit this week on an 18th package of sanctions against Russia, which Slovakia and Hungary are using as a bargaining chip for concessions on Russian energy. The European Commission has proposed the package in an effort to push Russia to negotiate a ceasefire with Ukraine after EU leaders called for “massive sanctions” in May.
Total Investment of 5 Billion Yuan! The World's First GW-level Perovskite Tandem Module Project in Jiangsu Starts Production! OnJune24,GCLPerovskite’sGW-scaleindustrialbaseofficiallycommencedoperationinKunshan,Jiangsu—markingtheworld’sfirstGW-scaletandemmoduleproductionfacili.
(BOE Report) – OTTAWA – A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and subsequent change in government. The review was first launched in 2018 as part of a G20 commitment to eliminate all “inefficient” subsides to the fossil fuel sector.
1.25 Billion! This company was awarded a large order for TOPCon bifacial modules! OnJune24,IndiansolarmanufacturerEmmveeannouncedthatithasreceivedanorderworthapproximatelyINR15billion($1.25billion)fromKPIGreenEnergyLtd.whichispartof.
Pemex registró en mayo una caída del 9% en producción de crudo y del 43.2% en ingresos por exportaciones, su peor cifra en meses. Durante mayo de 2025, Petróleos Mexicanos (Pemex) continuó con su tendencia descendente en la producción de petróleo crudo, al registrar un promedio de 1 millón 372 mil barriles diarios , lo que representa una caída del 9% respecto al mismo mes del año anterior.
In an industry grappling with decarbonization mandates, volatile energy markets, and supply chain uncertainty, another threat has quietly emerged with the power to upend everything: the courtroom. Mega verdicts—jury awards exceeding $10 million—are not new. But the scale, frequency, and unpredictability of these rulings are escalating. According to a 2025 corporate verdicts report published by […] The post The Courtroom Risk No One in Power Generation Can Afford to Ignore appeared first on
Oil fell sharply as expected on the peace news. DEC strike a deal with Carlyle, hunting an accretive acquisition in the UK and corcel has an exercise of warrants. The post Flash blog; Dec, Hunting, Corcel. appeared first on Malcy's Blog.
AGA Newsroom True Blue Blog Where energy conversations come to life. Spring is the busiest time of year for residential real estate in the United States. According to Zillow, the best month to sell a house nationally is May with more buyers in the market from May to early June. Whether you’re a first-time buyer or moving from one home to another, there are a few easy steps you can take to make sure your natural gas home is ready for move-in.
A new offshore oil auction in the Amazon, a major investment in refinery expansion, and an attempt to extract $6.2 billion from the energy industry—this may not sound very appropriate for a government that has made some big net-zero promises. Yet it is exactly what the Lula da Silva government in Brazil is doing. South America’s biggest country produces around 3.5 million barrels of crude daily.
U.S. oil and gas producer Coterra Energy will hold its rig count steady at nine in the Permian Basin, CEO Tom Jorden said Tuesday, reversing earlier plans to scale back activity as the company grows more confident in the outlook for oil prices.
'The Copper Moki wells have demonstrated exceptional reservoir performance, with cumulative production approaching one million barrels of oil to date'.
Europe is still looking for a role in the Israel-Iran conflict after it was caught by surprise following the United States’ strikes on Iran over the weekend. But it is fair to say they say there is a sense of humiliation as the American attack on various nuclear facilities in Iran came some 24 hours after the foreign ministers of the E3 (France, Germany, the United Kingdom) and the EU foreign policy chief Kaja Kallas met with their Iranian counterpart Abbas Araqhchi in Geneva on June 20.
Did you know that artificial intelligence (AI) services like ChatGPT “isn’t great for the planet”? That you should be using AI responsibly. And that you can choose an AI model that “harms the planet less.” This is the lunacy now coming from the left. Last week, on the same day, both the New York Times.
The number of hydraulic fracturing crews and rigs operating in North Dakota was unchanged in June, even as oil prices have faced increased volatility in recent weeks, the state regulator said on Tuesday during a monthly briefing. There are currently 13 frac crews operating in the state and 32 rigs. Overall, U.S.
A day after the NATO summit in The Hague ends, EU leaders will take the short journey south to Brussels for their regular summer European Council. Kicking off on the morning of June 26, this summit may continue into the next day as there are plenty of items on the agenda -- most notably Iran, where the EU is struggling to stay relevant. According to the Brussels diplomats I have spoken with, however, the bloc still aims to act as a conduit for potential direct talks between the United States and
La CNDH responsabiliza a Pemex por su infraestructura obsoleta y falta de mantenimiento, señalando omisiones graves tras la tragedia de Tlahuelilpan en 2019. El 22 de junio, la Comisión Nacional de los Derechos Humanos (CNDH) emitió un informe en el que critica duramente a Petróleos Mexicanos (Pemex) por operar con infraestructura en mal estado y por contar con tecnología obsoleta para detectar tomas clandestinas de combustible, conocidas como huachicoleo.
Thai state-owned oil and gas giant PTT Group signed an agreement to procure 2 million metric tons of liquefied natural gas per annum from Glenfarne's Alaska LNG project over a 20-year term…
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