OilPrice

MAY 13, 2025

The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And its in Canada. The Montney Formation in Western Canada spans Alberta and British Columbia is one of the largest natural gas deposits on the continent.

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Marcellus Drilling News

MAY 13, 2025

Wow, what a difference four years can make! In May 2021, Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy with a new board and new management (see Gulfport Energy Emerges from Bankruptcy w/New Board, CEO/CFO Gone). Later in 2021, the rumors began to swirl.

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OilPrice

MAY 13, 2025

What was marketed as a fragile return to order in Libya has, once again, been exposed as a mirage. On May 12, Tripoli plunged into chaos following the reported killing of Abdul Ghani al-Kikli (aka Gheniwa), the commander who runs the powerful SSA (Stability Support Apparatus), one of Libyas many militias whose patronage is necessary for either of the two clans that control the countrys east and west in a bitter rivalry.

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Oil 328

POWER Magazine

MAY 13, 2025

The deciding factor in the artificial intelligence (AI) race may come down to our ability to provide new data centers what they need most: massive amounts of constantly available electricity. […] The post Nuclear Is the Key to Winning AI Race appeared first on POWER Magazine.

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Energy Energy 223

OilPrice

MAY 13, 2025

Oil prices rallied aggressively on the news of a U.S.-China trade deal, with fears of a total economic collapse fading. Despite that development, abundant supply means the upside for prices remains limited.- A string of deals targeting large-cap electricity generation companies across the US has put this years to date power sector M&A tally to $51 billion, on track for a new all-time high.- Up until now, the highest number of US generation mergers and acquisitions took place immediately after CO

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Oil 326

POWER Magazine

MAY 13, 2025

Most of the 440 operable nuclear power plants (NPPs) currently deployed worldwide have long been recognized as potential targets for attack by enemy military forces or terrorists. Such an attack […] The post An Under-Appreciated Threat from Airborne Attacks on Large Nuclear Power Plants appeared first on POWER Magazine.

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Operator 201

OilPrice

MAY 13, 2025

The worlds biggest oil and gas firms are embracing AI and related technology to maximize savings, optimize operations, and boost earnings. Digitalization is not new to the energy sectoroil producers and utilities have been using and perfecting it for years. But AI and its rapid advancements and capabilities are the latest hype, and it seems everyone is using it, and doing a very good job at it, at least companies say so.

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OilPrice

MAY 13, 2025

For decades, recycling plastic has been a losing game too slow, too expensive, and too limited in scope. Most methods rely on high-heat extrusion and mechanical separation, degrading the material each cycle until its useless. The result? Over 90% of global plastic waste still ends up in landfills or incinerators, despite widespread collection efforts and consumer demand for sustainability.That cycle may have just ended.

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Mechanic Engineering Engineer IT 306

POWER Magazine

MAY 13, 2025

The energy and technology sectors are merging, the demand for power is surging, and the battle lines that have defined energy policy debates for decades are being overtaken by events. […] The post Its Time to Build American Energybut Its Getting Late appeared first on POWER Magazine.

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OilPrice

MAY 13, 2025

On the heels of my recent article outlining how Californias unique fuel regulations not corporate price gouging are driving up gasoline prices in the state, new developments have added urgency to that conversation. On May 6, California Senate Minority Leader Brian W. Jones (R-San Diego) sent a letter to Governor Gavin Newsom sounding the alarm over what could become an energy and economic crisis in the state.

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Gas Energy Energy 303

Marcellus Drilling News

MAY 13, 2025

The Millennium Pipeline, which stretches 263 miles from Corning, NY, to just outside New York City, delivers Pennsylvania Marcellus and Utica gas to utility and power plant markets across New York State and New England. Several companies jointly own the pipeline, which operates under its own corporate structure. In 2022, DT Midstream became the majority.

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Midstream Pipeline Utilities Operator 183

OilPrice

MAY 13, 2025

Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says. TotalEnergies is expected to submit this summer a field development plan for the Venus project, while BW Energy and Namibia are finalizing a plan to develop a smaller discovery, Maggy Shino, Petroleum Commissioner at the Namibian Ministry of Mines and Energy, said on Tuesday.

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Offshore Oil Petroleum Field 301

Marcellus Drilling News

MAY 13, 2025

WhiteHawk Energy is smitten with PHX Minerals. WhiteHawk has been trying to get PHX down the marriage aisle in any way it can for nearly two years. PHX has repeatedly given WhiteHawk the cold shoulder (see our WhiteHawk/PHX articles here). After begging, pleading, threatening, and appealing to shareholders, WhiteHawk has finally done it. WhiteHawk, one.

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IT Energy Energy Royalty 169

OilPrice

MAY 13, 2025

Oil prices jumped 3% on Tuesday after the U.S. and China agreed to a 90-day pause on new tariffs, easing fears of another front in the global trade war and improving the outlook for economic growthand by extension, oil demand. Brent crude was last trading at $66.79, up $1.83 (+2.82%) in afternoon trade, while WTI climbed to $63.85, a gain of $1.90 (+3.07%).

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Oil 286

Marcellus Drilling News

MAY 13, 2025

Williams is arguably the biggest and most important pipeline company in the Marcellus/Utica. Williams is the owner of the 10,000+ mile Transco pipeline that carries M-U molecules to the South and Southwest. It owns a major gathering system in northeastern Pennsylvania. Williams continues to innovate, replacing compressor stations along its pipelines with more efficient, lower.

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OilPrice

MAY 13, 2025

Via Metal Miner Theres no doubt that China is desperately seeking new markets to hawk its goods and commodities after the U.S. trade tariffs kicked in. This is especially true when it comes to the countrys steel industry. In fact, even prior to the trade war, Beijing was actively looking at expanding its access to steel markets. So, as anticipated, there are now reports of Chinese steel being dumped in Indian and ASEAN countries.

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IT 285

Marcellus Drilling News

MAY 13, 2025

A key issue has come about with the rapid increase in carbon capture and sequestration (CCS) projects around the country, including here in the Marcellus/Utica region. Where does one store (sequester) all that carbon dioxide (CO2)? The answer is underground in a Class VI injection well. Class VI wells are a relatively new classification for.

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OilPrice

MAY 13, 2025

Saudi Arabias crude oil flows to China are expected to stay at a one-year high of about 48 million barrels in Juneroughly the same volume arriving in China from the worlds top crude exporter this month, trade sources told Reuters on Tuesday. Following the OPEC+ decision to continue boosting production, the Saudi supply to the worlds largest crude oil importer is set to remain at a year-high for the month of June, according to Reuters data of the allocations to Chinese refineries.

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Marcellus Drilling News

MAY 13, 2025

Earlier this year, an undisclosed shale driller asked the Ohio Oil and Gas Land Management Commission (OGLMC) to consider opening up an additional 4,360 acres of state-owned Egypt Valley Wildlife Area in Belmont County for shale drilling under the land (see New Request to Frack Under Another 4,743 Acres of OH Wildlife Areas). At a.

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Management Oil Gas 153

OilPrice

MAY 13, 2025

The U.S. State Department rolled out another round of sanctions Tuesday targeting an Iranian oil smuggling network allegedly responsible for funneling billions in crude oil sales to China on behalf of Irans Armed Forces General Staff. The scheme, operated through front company Sepehr Energy Jahan Nama Pars, is accused of bankrolling Irans ballistic missile development, nuclear ambitions, and its web of proxy militiasfrom Red Sea Houthi attacks to assaults on the U.S.

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Oil Crude Oil Operator IT 275

BOE Report

MAY 13, 2025

CALGARY, Alberta, May 13, 2025 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto” or the “Company”) is pleased to report operating and financial results for the first quarter of 2025. Q1 2025 Highlights: Peyto reported $225.2 million in funds from operations1,2 (“FFO”), or $1.12/diluted share, and generated $120.

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Operator 138

OilPrice

MAY 13, 2025

The race has been on between the worlds leading powers to secure as much of the globes current and future liquefied natural gas (LNG) supplies ever since Russia invaded Ukraine on 24 February 2022. Oil and gas prices started to rise quickly from that point, driving inflation higher across the West and threatening economic slowdowns as interest rates began to rise to curb the spiralling prices.

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Natural Gas Gas Oil Energy 275

Oilholics Synonymous Report

MAY 13, 2025

Earlier this year The Oilholic headed to Le Vaudreuil in Normandy, France, some 115 km northwest of Paris, to get up close to Schneider Electric's ongoing smart factories drive. Its plant in the French commune is one of 11 such sites around the world where digitalisation and automation are in full swing to improve throughput, and, of course, to demonstrate the efficacy of Schneider Electric's solutions to existing as well as potential customers.

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Sustainable Sustainability Manufacturing IT 130

OilPrice

MAY 13, 2025

Supply chain constraints and higher cost have forced energy companies to withdraw eight projects to build gas-fired power plants in Texas under a $5-billion state loan program, the Financial Times reported on Tuesday. The Public Utility Commission of Texas (PUCT) is currently reviewing the extension of$5.38 billionworth of low-interest loans to companies planning nearly 10 gigawatts (GW) of new natural gas-fired capacity in a bid to boost generation capacity for ERCOT.

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Enverus

MAY 13, 2025

Exxon Mobil (XOM) inked a pivotal offtake agreement with Marubeni to supply 250,000 tonnes of low-carbon ammonia annually to Japans Kobe Power Plant for cofiring. The deal helps to derisk XOMs hydrogen facility planned at its Baytown complex in Texas and accelerates the final investment decision expected in 2025, with production starting in 2029. The plant will leverage natural gas and CCUS to produce 1 Bcf/d of blue hydrogen and 1 mtpa of low-carbon ammonia.

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Natural Gas BCF Manufacturing Energy 130

OilPrice

MAY 13, 2025

Spains authorities are asking small solar and wind power plants to provide information about their cyber defenses and recent security updates as Spain continues to investigate what triggered the massive blackout on April 28, the Financial Times reported on Tuesday, citing owners of small renewable generation plants.

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Oil & Gas 360º

MAY 13, 2025

(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will be presenting at EneCom Denver – The Energy Investment Conference at the Westin Downtown on August 17-20, 2025. Register to attend. RNS Number : 4190I Zephyr Energy PLC 13 May 2025 Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under theUKMarket Abuse Regulation.

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OilPrice

MAY 13, 2025

Two labor unions and the Norwegian oil industry sealed a new wage deal that would ensure no strikes take place, affecting oil and gas output this year. The talks are a regular occurrence in Norway and sometimes end with strikes if the companies refuse to give the unions what they want, which is usually higher wages for oil workers. Five years ago, the failure of the talks resulted in a strike that led to a 300,000-bpd drop in Norways oil production before the two sides finally reached a deal.

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Oil Gas 247

Oil & Gas 360º

MAY 13, 2025

(World Oil) – Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus are expected to hobble U.S. oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. The latest update to the S&P Global Commodity Insights Global Crude Oil Markets Short-term Outlookthe first since the April 2 announcement of U.S. tariffsnow expects global oil (t

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OilPrice

MAY 13, 2025

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.287 million barrels in the week ending May 9a shock after analysts had estimated a 2.4-million-barrel draw. The API reported a 4.49 million barrel inventory decrease in the prior week. So far this year, crude oil inventories are up more than 23 million barrels, according to Oilprice calculations of API data.

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POWER Magazine

MAY 13, 2025

Modern power plants have many critical demands, including the need for more efficient energy management, enhanced safety and security, and reduced power consumption. Integrating a smart boiler system is essential […] The post Benefits, Challenges of Integrating Smart Boiler Systems at Modern Power Plants appeared first on POWER Magazine.

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OilPrice

MAY 13, 2025

U.S. LNG exporter Venture Global more than doubled its first-quarter revenue from a year earlier as its Plaquemines and Calcasieu Pass plants have launched operations and exports in recent months. Venture Global reported on Tuesday revenues of $2.894 billion for the first quarter of the year, more than double compared to $1.414 billion for the same period in 2024.

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Operator IT 150

EnergyTrend

MAY 13, 2025

600MW! This Chinese Company Intends to Build A Module Factory Overseas AccordingtoWechatOfficialAccount@PVTechCN,onMay12,2025,RedSunNewEnergyandaNigeriangroupformallysignedanagreementontheconstructionoftheentire600MWPVmod.

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Energy Energy 130

OilPrice

MAY 13, 2025

Brazils state oil firm Petrobras will pay $2.1 billion in dividends for the first quarter after posting a jump in net income due to one-off items. Petrobras reported a net income of $6.2 billion (35.2 billion Brazilian reals) for the first quarter, up by 48.6% from a year earlier, due to one-off items and more favorable exchange rates. Without the one-off items, net income dropped by 12.1% year-over-year.

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Oil 140

EnergyTrend

MAY 13, 2025

UK Grid-scale Energy Storage Added 1.42GW/2.84GWh Approved in April! AccordingtoWechatOfficialAccount@gh_4e1cca6047f0,itisreportedthatthetotalcapacityofgrid-scalebatterystoragesystemprojectsthathavereceivedplanningappro.

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Energy Energy 130

Marcellus Drilling News

MAY 13, 2025

MARCELLUS/UTICA REGION: PA DEP issues RFP for abandoned O&G well plugging services; OTHER U.S. REGIONS: Equinor weighs killing NY wind farm after White House visit; CIP to invest $500 million in BKV CCUS projects; Colorado Supreme Court allows Boulder to sue Exxon, Suncor over climate change; NATIONAL: Oil prices rise on eased trade tensions; Why.

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Abandonment Energy Energy Oil 124

EnergyTrend

MAY 13, 2025

Powerful Alliance! CHINT Solar and European Energy Giant Belectric Sign Strategic Agreement! AccordingtoWechatOfficialAccount@PV-perspective,onMay8th,attheIntersolarEuropeexhibitioninMunich,Germany,CHINTSolarandrenownedglobalrenewableenergycom.

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Energy Energy 130