OilPrice
JUNE 10, 2025
Peak shale may already be behind us. U.S. crude oil production is now forecast to slip from a record 13.5 million barrels per day (bpd) in Q2 2025 to around 13.3 million bpd by the end of 2026, according to the U.S. Energy Information Administration’s bombshell June Short-Term Energy Outlook, signaling to an already price-weary industry that shale’s best days are in the rearview.
Marcellus Drilling News
JUNE 10, 2025
In early April, MDN brought you the exciting news that pipeline giant Williams, via its subsidiary, Will-Power, is planning to build two Utica/Marcellus gas-fired power plants in the New Albany International Business Park in Licking County, Ohio (see Williams Subsidiary Unveils Plans for Gas-Fired Power Plant in Ohio). The two projects are called the Socrates.
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OilPrice
JUNE 10, 2025
US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see "Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates") blunting the impact of its dominations of exports of rare earth metals. China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 billion.
Marcellus Drilling News
JUNE 10, 2025
In April, Duke Energy, owner of electricity utility companies serving 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, sealed a deal with GE Vernova to buy up to 11 gas turbines to power new gas-fired power plants (see Duke Energy Secures Deal for 11 GE Vernova Gas-Fired Turbines). That’s in.
OilPrice
JUNE 10, 2025
Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is going to be “long and shallow”, rather than “short and steep” as the Kingdom tries to claw back lost market share, especially from U.S. shale producers.
Oil & Gas 360º
JUNE 10, 2025
(Oil & Gas 360) – June 10, 2025 – When Oil & Gas 360 ® first sat down with Troy Eckard, Founder and Chairman of Eckard Enterprises , for a candid Executive Interview , the result was a compelling story chock-full of insights from a successful oil and gas veteran. Troy’s passion for educating investors, his decades of experience, and Eckard Enterprises’ $110 million in cash flow distributions gave readers a compelling look at how tangible assets can fuel long-term wealth creat
OilPrice
JUNE 10, 2025
Texas is pumping natural gas out of the ground and exporting it at a record pace. It may only be the start of another energy boom for the Lone Star State because natural gas demand is growing both globally and at home. Texas produced 34.1 billion cu ft daily of natural gas in March, newly released figures from the Texas Oil and Gas Association showed this week.
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OilPrice
JUNE 10, 2025
Grid upgrades, expansions, and resilience will need trillions of U.S. dollars of investments to catch up with the rising share of renewable energy generation. Governments, especially in Europe, have started to realize that the net-zero ambitions and the cleaner electricity grids will cost much more than initially planned. This decade, renewables generation has been breaking records in Europe every year, solar power surpassed the share of coal generation, and natural gas-fired electricity generat
POWER Magazine
JUNE 10, 2025
Fervo Energy announced the successful drilling and logging of its Sugarloaf appraisal well, an operational achievement that the company said demonstrates the rapid advancement and scalability of enhanced geothermal systems (EGS). The well was drilled to a true vertical depth of 15,765 feet and is projected to reach a bottomhole temperature of 520F after full thermal equilibration.
OilPrice
JUNE 10, 2025
A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m for 2024, having posted a pre-tax loss of $14.9m in 2023. New accounts filed with Companies House also show its revenue jumped from $320.5m to $537.3m in the year while its headcount also grew from 1,052 to 1,361.
Marcellus Drilling News
JUNE 10, 2025
The MVP (Mountain Valley Pipeline) Southgate project won a major decision in the U.S. Court of Appeals for the District of Columbia (DC Circuit), affirming a decision made by the Federal Energy Regulatory Commission (FERC) to allow an extra three years to build the project. Southgate is an extension of MVP from its current termination.
OilPrice
JUNE 10, 2025
Scientists at the Massachusetts Institute of Technology have unveiled a process that generates hydrogen fuel using recycled soda cans and seawater, with overall carbon emissions on par with green hydrogen technologies. This approach relies on a chemical reaction between aluminum in the soda cans and water, which produces hydrogen. In its natural state, aluminum rapidly forms a thin oxide layer when exposed to air, which prevents any further reaction.
Marcellus Drilling News
JUNE 10, 2025
The Iroquois Gas Transmission’s Enhancement by Compression (ExC) project will increase horsepower at three compression stations — two in New York and one in Connecticut — by an extra 125 MMcf/d, to flow more Marcellus/Utica gas into New York City and New England. The two NY compressor expansions include one in Dover and one in.
OilPrice
JUNE 10, 2025
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 370,000 barrels in the week ending June 6 after analysts had estimated a 700,000-barrel build. The API reported a 3.3 million barrel inventory decrease in the prior week. So far this year, crude oil inventories are up nearly 18 million barrels, according to Oilprice calculations of API data.
POWER Magazine
JUNE 10, 2025
The president of Iran’s nuclear energy agency said officials in that country have signed an agreement with Russia for construction of at least eight nuclear power plants in Iran. Mohammad […] The post Russia Has Deal to Build Eight Nuclear Power Plants in Iran appeared first on POWER Magazine.
OilPrice
JUNE 10, 2025
As China’s natural gas demand growth slows, domestic gas producers are lobbying the authorities to raise the number of gas-fired power plants, which they see as the key growth driver going forward, sources involved in advising on energy policy have told Bloomberg. China’s gas demand growth has weakened in recent years amid slower industrial expansion, as well as booming renewables and continued reliance on coal in the power generation sector.
POWER Magazine
JUNE 10, 2025
Agilitas Energy, a developer and operator of renewable energy and energy storage systems, announced the commissioning of a 9.96-MW/22.4-MWh battery energy storage system (BESS) in Houston, Texas. The project marks the first distributed generation BESS interconnected to CenterPoint Energy’s distribution system and participating in Electric Reliability Council of Texas (ERCOT)’s wholesale delivery market.
OilPrice
JUNE 10, 2025
The UK government said it would invest 14.2 billion pounds in the construction of the Sizewell C nuclear power plant as it seeks to boost energy security. The amount equals around $19.3 billion. “We need new nuclear to deliver a golden age of clean energy abundance, because that is the only way to protect family finances, take back control of our energy, and tackle the climate crisis,” energy minister Ed Miliband said in a statement, as quoted by Reuters.
Enverus
JUNE 10, 2025
The following blog is distilled in part from Enverus Intelligence® Research (EIR) publications. After nearly a decade on the sidelines, EOG Resources has made a bold return to the M&A arena with its $5.6 billion acquisition of Encino Acquisition Partners (EAP). This landmark deal not only reshapes EOG’s portfolio but also sends ripples through the broader energy M&A landscape, signaling a shift in where, and how, operators are seeking growth.
OilPrice
JUNE 10, 2025
Russian President Vladimir Putin has extended a ban on the sale of Russian oil and petroleum products to buyers that comply with the Western-imposed price cap, pushing the restriction through the end of 2025. The decree, which first took effect in February 2023, prohibits Russian producers from exporting oil to foreign entities or individuals whose contracts include the $60 per barrel price ceiling set by the so-called Price Cap Coalition—primarily the G7 and EU nations.
American Gas Association
JUNE 10, 2025
News True Blue Blog Where energy conversations come to life. Happy June, and congratulations to all recent graduates and their parents! As high school and college graduates alike make their way into the workforce, finding the right place to start their careers can feel overwhelming. If you’re looking for a job that provides stability, room for advancement throughout your career, great pay, interesting and exciting responsibilities, and a mission of serving your community, you (or, for the parent
Oil & Gas 360º
JUNE 10, 2025
(Oil & Gas 360) – Publisher’s Note: CanCambria will present an update on the Kiskunhalas project at EnerCom Denver – The Energy Investment Conference on August 17-20, 2025. CanCambria Energy is a publicly traded exploration & production company focused on high-quality European tight-gas projects with direct access to profitable markets.
Marcellus Drilling News
JUNE 10, 2025
Yesterday, Pennsylvania Governor Josh Shapiro took credit for brokering a deal that will see Amazon build at least three huge data centers (which Democrats typically dislike) in eastern Pennsylvania, investing $20 billion to do so. It is a huge coup d’état, and we will give credit where credit is due to Shapiro for not screwing it.
Oil & Gas 360º
JUNE 10, 2025
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with limited resources. The Railroad Commission of Texas, the energy regulator of the top U.S. oil-producing state, has new guidelines – effective June 1 – for permits for disposal of wastewater, or “produced water”,
Cisco: Oil & Gas
JUNE 10, 2025
We’re bringing Splunk Observability and Cisco ThousandEyes Assurance closer together with new bi-directional integrations that connect the dots across your digital stack – from application to infrastructure to network.
EnergyTrend
JUNE 10, 2025
Xinlinfei Group's 10GW High-Efficiency PV Cell Project in Yizheng Begins Production OnJune8,thecommissioningceremonyforXinlinfei Group'sYizhengcompany's10GWnewhigh-efficiencyphotovoltaic(PV)cellprojectwasheldintheYizhengEconomicDevelo.
OilPrice
JUNE 10, 2025
Crude oil prices moved lower earlier today even after the latest round of talks between the United States and China on trade yielded positive results, as traders adopted a wary stance on the news. At the time of writing, Brent crude was trading at $66.82 per barrel and West Texas Intermediate was changing hands for $65 per barrel, after U.S. and Chinese government officials said they had agreed on easing export restrictions and devising a framework for the resolution of their trade conflict.
BOE Report
JUNE 10, 2025
Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary General Haitham Al Ghais said on Tuesday.
Marcellus Drilling News
JUNE 10, 2025
In April, MDN told you that the West Virginia Supreme Court was scheduled to hear oral arguments in two important oil and gas royalty cases (see WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases). One of those two was Kaess v. BB Land LLC, a case we were not previously aware of.
POWER Magazine
JUNE 10, 2025
Ohio regulators have approved construction of a 200-MW natural gas-fired power plant in Licking County, a project designed to provide electricity for an affiliate of tech company Meta. The post New 200-MW Gas-Fired Plant in Ohio Will Power Meta Data Center appeared first on POWER Magazine.
Cisco: Oil & Gas
JUNE 10, 2025
AI is changing that fast and the opportunity is bigger than anything I have ever seen in my lifetime. We need to reevaluate many of the architectural assumptions we made in previous eras of computing, networking, and security. That’s why we’ve brought a spirit of reinvention to everything we announced at Cisco Live.
Oil & Gas 360º
JUNE 10, 2025
(World Oil) – The chances that a rival oil company will take over bp Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co. “We can’t identify anybody in the U.S. that would be a buyer,” Moelis Chairman and Global Head of Energy and Clean Technology Stephen Trauber said in an interview in London on Monday.
BOE Report
JUNE 10, 2025
U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105.9 bcfd in 2025 and 106.
Permian Basin Oil and Gas Magazine
JUNE 10, 2025
Texas Oil and Gas Association reported Monday record amounts of natural gas production in the state this year. TXOGA said natural gas withdrawals rose to 36.9 billion cfd in May with marketed production reaching a record 34.4 billion cfd. Crude oil production remained steady at 5.7 million b/d. Todd Staples, president, said, “With abundant natural resources, top-tier infrastructure, and an ongoing commitment to innovation and improvement, this industry reliably delivers for families, communit
Cisco: Oil & Gas
JUNE 10, 2025
Cisco is leading a new era in industrial IoT with an AI-powered portfolio built on customer input and innovation. It helps organizations connect, secure, and optimize infrastructure for smarter, faster, and more resilient operations.
OilPrice
JUNE 10, 2025
The computing industry is running out of energy. Though the technology in computer chips has been growing smaller and more energy efficient at a rapid clip for decades, advancements are set to slow down rapidly due to fundamental physical limitations. This is unfortunate timing, as the tech sector’s energy demands (and chip demands) are set to skyrocket as the growth of artificial intelligence’s already prodigious energy footprint outpaces the growth of new energy production capacity.
BOE Report
JUNE 10, 2025
Shell Canada’s decision on whether to pursue Phase 2 of LNG Canada will depend on other opportunities that are available, President Stastia West said on Tuesday at a conference. LNG Canada, the country’s first LNG export facility, is a joint venture between Shell, Petronas, PetroChina, Mitsubishi Corporation and Kogas.
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