OilPrice
MAY 15, 2025
The term peak oil has sparked debate for decades, fueling speculation and more than a few forecasts of doomsday scenarios. But for all the noise, it remains a largely misunderstood concept. Thats unfortunate, because peak oilboth in theory and in practicestill carries serious implications for the global economy and energy markets. The phrase was very popular 20 years ago but then faded when the shale revolution gathered steam.
POWER Magazine
MAY 15, 2025
Advanced nuclear developer Oklo announced it has successfully completed borehole drilling for site characterization work at its Idaho National Laboratory (INL) site, marking a pivotal milestone as the company progresses […] The post Oklo Completes Key Siting Milestone for First Commercial Nuclear Fast Reactor at INL appeared first on POWER Magazine.
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OilPrice
MAY 15, 2025
In a significant escalation of the longstanding territorial dispute over the oil-rich Essequibo region made famous by a string of ExxonMobil discoveries, the Guyana Defence Force (GDF) said on Thursday that its troops were attacked by armed individuals in civilian clothing from the Venezuelan side of the Cuyuni River, the Guardian reported. According to the GDF, three separate attacks occurred within a 24-hour period along a stretch of the river.
Marcellus Drilling News
MAY 15, 2025
NRG Energy agreed to acquire LS Powers portfolio of natural-gas power plants in a deal valued at roughly $12 billion, including debt, that will expand NRG’s footprint in Texas and along the East Coast. NRG said the acquisition would give it 18 more natural-gas-fired facilities in nine states—including five in Pennsylvania and one in Ohio—doubling.
OilPrice
MAY 15, 2025
Japans biggest oil refiners are following the latest trend among Big Oil to return to focus on fossil fuel supply. The top oil refiners in Japan have recently announced lower investments in low-carbon fuels, including ammonia and hydrogen, amid slower uptake and higher costs of green energy solutions, Reuters reports, citing company executives.
Marcellus Drilling News
MAY 15, 2025
Yesterday, 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 a shale well in Noble County (see ODNR Says Fracking in Noble County, OH Caused Series of Earthquakes). We were/are somewhat incredulous. Most of the.
OilPrice
MAY 15, 2025
Takeover rumours in the London market dont come with a more spectacular veneer than when theyre attached to BP. Unfortunately for Murray Auchincloss, the British oil companys chief executive, neither have they ever been more credible than right now Such has been the cataclysmic value destruction at BP in recent years that its market capitalisation at a mere 56bn is now less than half that of Shell, and is miniscule in the context of the industry majors.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
MAY 15, 2025
Significantly lower oil prices in April sent Russias oil export revenues down to the lowest level in nearly two years as the price of Russian grades fell alongside the benchmark international prices, which lost about $10 per barrel last month. Russias revenues from oil exports slumped to $13.2 billion in April, the lowest level since June 2023, according to data in the Oil Market Report by the International Energy Agency (IEA) published on Thursday.
Marcellus Drilling News
MAY 15, 2025
In March, MDN told you about a legislative proposal from newly elected West Virginia Governor Pat Morrisey, a measure called the Power Generation and Consumption Act (House Bill 2014) to expand data center development in the state (see WV Gov. Backs Energy Bill to Attract Data Centers, Use Coal & Gas). The bill, sometimes called.
OilPrice
MAY 15, 2025
Hope your air conditioners feeling bravebecause the U.S. power grid is about to get a workout it may not be ready for. According to the Federal Energy Regulatory Commissions (FERC) summer outlook, a combination of brutal heat, AI-fueled electricity demand, and an aging fleet of dependable power plants headed for retirement is teeing up a reliability stress test.
Cisco: Oil & Gas
MAY 15, 2025
Celebrating Ciscos leaders recognized in CRNs 2025 Women of the Channel list for their visionary leadership, transformative impact, and dedication to driving innovation and measurable outcomes across our ecosystem.
OilPrice
MAY 15, 2025
India is fast cementing its status as the worlds top engine of oil demand growthovertaking China earlier than expected and showing no signs of slowing down. According to OPECs latest Monthly Oil Market Report, Indias oil demand is projected to grow by 3.4% in 2025 to 5.74 million barrels per day (bpd), and then rise another 4.3% in 2026 to 5.99 million bpd.
Cisco: Oil & Gas
MAY 15, 2025
Explore how AI infrastructure is transforming DOE National Laboratories, empowering groundbreaking research while tackling challenges in data, security, and implementation.
OilPrice
MAY 15, 2025
Saudi Aramco, the biggest oil company in the world, largely owned by the Saudi state, slashed its dividend by 30%. The company divides its dividend into a base dividend and a variable dividend, which depends on business metrics. So why be surprised by the drop? Well, in the past five years during which Aramco has been a public company, it jiggled the dividend, but not by much.
Marcellus Drilling News
MAY 15, 2025
Expand Energy, formed by the merger of Chesapeake Energy and Southwestern Energy, is the largest natural gas producer in the U.S. with approximately 1.9 million leased net acres. Expand drills and operates in three distinct regions: Northeast Appalachia (Pennsylvania), Southwest Appalachia (mostly West Virginia, but also Pennsylvania and Ohio), and the Haynesville (Louisiana).
OilPrice
MAY 15, 2025
Methane, the main component of natural gas, is a major contributor to global warming and is far more potent than carbon dioxide in preventing heat from escaping Earths atmosphere. According to a new study, much of the human-generated methane now escaping into the atmosphere is containable. It adds that Eurasia is a significant source of global methane emissions, and regional governments deeds are not matching their words when it comes to addressing the issue.
Marcellus Drilling News
MAY 15, 2025
In December, MDN told you that the countrys largest electric grid, PJM Interconnection, which covers all or parts of 13 states, including PA, OH, and WV, proposed changes to how it decides which new power plants can connect to the system first. The new policy *favors* adding natural gas-fired power over other types of power.
OilPrice
MAY 15, 2025
China and the United States struck a three-month trade truce that features deep tariff revisions for the duration. Markets breathed a sigh of relief. Oil prices rebounded. Gloominess about global GDP subsided, if only temporarily. And climate activists worried that Chinas industry will come roaring back, boosting electricity consumption and shrinking the share of wind and solar in the power mix.
Marcellus Drilling News
MAY 15, 2025
Diversified Energy, with significant assets in the Marcellus/Utica region (and other regions too), owns approximately 8 million acres of leases with close to 70,000 (mostly) conventional oil and gas wells. The companys business model is to buy lower-producing wells on the cheap and find ways to make them more productive. One of the new ways.
OilPrice
MAY 15, 2025
Crude oil prices were set for a weekly gain after a string of losses on the news of a trade war ceasefire between the U.S. and China, which sparked hopes the two would come to a mutually beneficial understanding that would end the tariff spat. At the time of writing, Brent crude was trading at $64.64 per barrel and West Texas Intermediate was changing hands for $61.72 per barrel, both up, albeit moderately, from the start of the week.
Marcellus Drilling News
MAY 15, 2025
MARCELLUS/UTICA REGION: Cleveland-Cliffs shifts away from hydrogen project at Ohio steel mill; NATIONAL: U.S. electricity prices continue steady increase; Bearish storage build, weak demand weigh on market as natural gas futures crater; As hydrogen market evolves, best uses will focus on cost, sustainability; Liability for climate change – an inequitable economic disaster; US to speed.
OilPrice
MAY 15, 2025
Via Metal Miner Declining nickel prices saw the Stainless Monthly Metals Index (MMI) drop from April to May. Overall, the index fell 3.34%. Suppliers Report Better Q1 Performance Domestic stainless suppliers reported improved market conditions in the first quarter. Both mills and service centers saw shipments increase as the barrage of tariff announcements spooked at least a few buyers back into the market.
Marcellus Drilling News
MAY 15, 2025
Earlier this week, the U.S. Department of Energy (DOE) announced the first step in the DOE’s “largest deregulatory effort in history,” proposing the elimination or reduction of 47 regulations that are driving up costs and lowering the quality of life for the American people. Once finalized, these actions (the list of all 47 is published.
OilPrice
MAY 15, 2025
First Solar (NASDAQ:FSLR) has emerged as one of the biggest gainers in the long-suffering solar sector, jumping nearly 20% on Tuesday after a report that U.S. House GOP lawmakers have come up with a big tax and spending package that includes less extreme credit cuts for the solar and wind industries. According to J.P.
Cisco: Oil & Gas
MAY 15, 2025
Discover how Cisco Networking Academy is empowering the next generation of tech leaders with accessibility at the forefront.
OilPrice
MAY 15, 2025
Delegations from Russia and Ukraine arrived in Turkey for the first direct face-to-face peace talks in more than three years, though the teams will be composed of lower-level technocrats after President Vladimir Putin stayed home. The delegations are scheduled to meet on May 15 at the Dolmabahce Palace in Istanbul and will be held in private without press access.
EnergyTrend
MAY 15, 2025
2.8 Billion Yuan! 6GW Photovoltaic Project Set to Commence Production Recently,the6GWN-typehigh-efficiencyphotovoltaiccellintelligentproductionlineprojectofZhongqingGuotouisacceleratingitsconstruction.Itisexpectedtobecom.
OilPrice
MAY 15, 2025
French energy giant Engie has started to slow down approvals for new renewable energy projects in the United States, due to heightened uncertainty about supply chain costs amid the tariff chaos, the companys chief financial officer Pierre-Francois Riolacci said on Thursday. Engie, a top European gas network operator and a major player in building a renewable energy portfolio globally, had 101 projects under construction globally as at March 31, 2025, representing a total renewable installed capa
Malcolm Graham Wood
MAY 15, 2025
Oil is trading lower after Qatar indicated that Iran was looking to cut a deal on uranium usage. Today sees the AGM statement from Pharos where all is in good nick. The post Oil price, Pharos. And finally… appeared first on Malcy's Blog.
OilPrice
MAY 15, 2025
Asias imports of refined petroleum products plunged in April to the lowest level since 2020, due to higher spring refinery maintenance at key fuel exporters in the region and softer demand for gasoline and diesel. Asias imports of light and middle distillates slumped to 166.37 million barrels in April, down from 195.54 million barrels in March, according to data from commodity analysts Kpler cited by Reuters commodity columnist Clyde Russell.
BOE Report
MAY 15, 2025
CALGARY, AB, May 15, 2025 /CNW/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted Whitecap’s notice of intention to commence a normal course issuer bid (the “NCIB”).
OilPrice
MAY 15, 2025
Hope your air conditioners feeling bravebecause the U.S. power grid is about to get a workout it may not be ready for. According to the Federal Energy Regulatory Commissions (FERC) summer outlook, a combination of brutal heat, AI-fueled electricity demand, and an aging fleet of dependable power plants headed for retirement is teeing up a reliability stress test.
BOE Report
MAY 15, 2025
CALGARY, AB, May 15, 2025 /PRNewswire/ –Strathcona Resources Ltd. (“Strathcona“) announced today that it intends to commence a take-over bid for MEG Energy Corp.
OilPrice
MAY 15, 2025
Economic headwinds and record electric vehicle sales are set to materially slow down global oil demand growth for the rest of the year, the International Energy Agency (IEA) said on Thursday. World oil demand rose by 990,000 barrels per day (bpd) in the first quarter of 2025. But the remainder of the year will see demand growth at just 650,000 bpd, the agency said in its closely-watched monthly Oil Market Report for May.
EnergyTrend
MAY 15, 2025
"Dark Horse" Emerges in the Large Cylindrical Battery Industry, Stunning Debut with Latest Products! Recently,the17thShenzhenInternationalBatteryTechnologyExchange/Exhibition(CIBF2025)officiallygrandlyopened.Astheannualgrandeventinthefieldofnewenergyb.
OilPrice
MAY 15, 2025
Maritime shipping accounts for three percent of all global greenhouse gas emissions. This means that decarbonizing the sector will be critical in most scenarios to hit global climate targets. Leaders from within the sector have gotten on board with the decarbonization imperative, agreeing to target net zero emissions by 2050 but getting there wont be easy.
EnergyTrend
MAY 15, 2025
Shandong 3GW PV cell project update! OnMay13,thefirstcoreprocessequipmentarrivedatthe3GWhigh-efficiencyphotovoltaiccellintelligentmanufacturingprojectofCECEPSolarEnergyTechnology(Linyi)Co.
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