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As the global energy landscape undergoes unprecedented transformation, Hitachi Energy stands at the forefront of technologies driving the transition toward a more sustainable and flexible power system. In this exclusive […] The post The POWER Interview: Hitachi Energys Massimo Danieli on Grid Transformation and the Path to Electrification appeared first on POWER Magazine.
The heightened oil market and macroeconomic uncertainties in recent weeks are baffling not only analysts. Halliburton, the oilfield services giant with the highest exposure to the U.S. fracking market, has just warned investors that its U.S. customers are re-evaluating drilling activity plans for 2025. Looking forward, many of our customers are in the midst of evaluating their activity scenarios and plans for 2025, Halliburtons chairman, president, and CEO, Jeff Miller, said on the first-quarter
The research continues to roll in that deeply blue Democrat states that insist on forcing their citizens to convert to so-called green energy are driving them out of those states. Last week, we brought you an analysis of counties along the Pennsylvania/New York border, on either side (see New Study Compares Frackings Economic Impact on.
Kazakhstan has sparked fresh tensions within OPEC+ by asserting that its oil production strategy will be governed by national interests rather than group quotas, raising questions about future compliance and cohesion within the cartel. Kazakh Energy Minister Erlan Akkenzhenov told Reuters on Wednesday that the Central Asian producer, which pumps around 2% of the worlds oil, cannot reduce output at key projects led by foreign majors such as Chevron and ExxonMobil.
The rumor mill was right. In February, MDN brought you the juicy rumor that Olympus Energy, founded in 2012 as Huntley & Huntley Energy Exploration (a company that drills exclusively in the Pittsburgh suburbs), was being shopped for sale by its main financial backer (see Blackstone Looks to Sell M-U Driller Olympus Energy for $2.
Top-level Ukraine peace talks that were set to take place in London have been abruptly postponed, Britain's Foreign Office said, after several top diplomats pulled out at the last minute. The announcement was made just hours before the April 23 meetings, which were to include Ukraine's foreign minister, had been scheduled to begin. "This is to confirm that the Ukraine Peace Talks meeting with Foreign Ministers today is being postponed," the Foreign Office said in a statement to RFE/RL.
One week ago, MDN told you that an on-again, off-again plan to build a massive natural gas-fired power plant (that would use Marcellus gas) in Pittsylvania County, Va., had been pulled by the builder (see Plan for Va. Data Center with 3,500 MW Gas-Fired Plant Canceled). There is more to the story. Even after the.
Although Armenia has tried to mend strained relations with Russia in recent weeks as part of a broader effort to get Azerbaijan to sign a peace treaty, Prime Minister Nikol Pashinyans government evidently still cannot resist an occasional poke at the Kremlin. The latest Armenian jab was Yerevans vote in favor of a UN resolution in early April that condemned Russian aggression against Ukraine, and highlighted Moscows general lack of regard for basic individual rights.
Although Armenia has tried to mend strained relations with Russia in recent weeks as part of a broader effort to get Azerbaijan to sign a peace treaty, Prime Minister Nikol Pashinyans government evidently still cannot resist an occasional poke at the Kremlin. The latest Armenian jab was Yerevans vote in favor of a UN resolution in early April that condemned Russian aggression against Ukraine, and highlighted Moscows general lack of regard for basic individual rights.
In January, MDN reported that the PJM Interconnection electrical grid operator, covering Pennsylvania (along with all or parts of 12 other states and the District of Columbia), had caved to the political demands of PA Gov. Josh Shapiro to artificially cap the prices of the next capacity auction scheduled for July 2025 (see PJM Grid.
Crude oil inventories in the United States saw an increase of 200,000 barrels during the week ending April 18, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration, continuing the price slide that began when the Liberation Day tariffs were announced.
Energy analysts say the front-month contract for NYMEX natural gas (for May) is “flirting with [the] $3.00 per million British thermal units (MMBtu) psychological level.” At one point during trading yesterday, the price tested an intraday low of $2.995. Yuck. Are we heading back below $3 again? Unfortunately, analysts are saying that although $3 is.
Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion in a deal that would bolster EQTs inventory in the Marcellus and Utica shale gas regions. The total consideration of $1.8 billion is composed of approximately 26 million shares of EQT common stock, representing $1.3 billion based on the 20-day volume-weighted average price as of April 21, 2025, and $500 million in cash, as adjusted pursuant to customary closing purchase price a
Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. The M&A summary follows Enverus release of Investor Analytics , a new cutting-edge solution designed to offer investors a comprehensive view of key market dynamics.
Chinese state-controlled refining giant Sinopec has returned to buying Russian crude oil after halting purchases last month due to concerns about the U.S. sanctions on Russias oil trade and shadow tanker fleet imposed in January, trade sources told Reuters on Wednesday. Sinopec, the biggest refiner in Asia by processing capacity, has bought its first ESPO blend from Russia for May loading since the February loading plans, after refraining from buying the grade for loading in March and April unti
Where are data centers getting built? Who owns land locked up and where? These are common questions we are getting from clients. Case in point: Williams’ recent development in New Albany, Ohio, grabbed headlines, potentially powering a massive behind-the-meter gas-fired power project, operating without CCUS, under a 10-year power purchase agreement.
The ongoing trade war is poised to deliver a negative shock to US growth, prompting the International Monetary Fund to slash its 2025 forecast earlier Tuesday. This gloomier outlook has sharpened our focus on the once high-flying industrial metals marketnow showing signs of weaknessparticularly the copper market. Goldman analyst Adam Gillard provided clients with a snapshot of current conditions in the copper market, highlighting tight physical supply in China and continued strength in domestic
News True Blue Blog Where energy conversations come to life. Bring Your Child to Work Day is a time-honored tradition each April where kids get to learn about what their parents actually do when they disappear from 9 to 5 each day. For natural gas utilities, the children of many employees might be surprised by what they find when they go to the office with their parents this April.
Solar power generation in Europe is set for a record year, if first-quarter solar output is anything to go by. Electricity generation from solar power farms jumped by 32% in January to March this year compared to the same period of 2024, according to data from Ember cited by Reuters market analyst Gavin Maguire. All key solar markets in Europe saw solar power gaining record-high shares of the electricity mix, the data showed.
Oil continues to rise on geopolitical grounds right now. And today Pharos announce that their COO is moving on. The post Oil price, Pharos Energy. And finally… appeared first on Malcy's Blog.
Via Metal Miner The UK Parliament recently passed a law allowing the government to take control of British Steel, a major player in the local steel industry. The move follows Chinese owner Jingyes plans to shut down two operating blast furnaces at its Scunthorpe site. A Bold Move Towards UK Steel Industry Preservation The House of Commons, Parliaments lower chamber, was recalled from its Easter break on April 12 to pass a bill that would prevent the plants furnaces from ceasing operations.
NATIONAL: Amazon has paused some data center lease commitments; Recruitment experts reveal biggest oil, gas hiring surprises of 2025 so far; WTI rebounds 2% on supply, geopolitical shifts; Big Oil is offshoring its prized engineering jobs to India; LNG exports wont increase U.S. gas prices infrastructure bottlenecks will; How much oil is the USA.
Mexicos new refinery, Olmeca, exported in early April the first cargo of ultra-low sulfur diesel (ULSD) as the refinery is slowly starting up processing of fuels, a source with knowledge of Olmecas operations has told Reuters. Olmeca processed unfinished high-sulfur diesel received from the Madero refinery, the source told Reuters. Olmeca continues to see marginal production of fuels, while the ULSD cargo was likely Mexicos first such export from the Dos Bocas site, according to tanker tracking
In January, Chinas National Energy Administration said it was eyeing stable oil production of over 200 million tons in 2025. Two months later, oil production in the worlds largest importer of the commodity hit an all-time high of 4.6 million barrels daily, per official data. China is taking Drill, baby, drill to heart. It was Bloombergs energy columnist Javier Blas who cited the Chinese official oil production data.
The Ontario Day-Ahead Market (DAM) is a cornerstone of the provinces electricity market, designed to boost efficiency, ensure price certainty, and maintain a reliable power supply. Operated by the Independent Electricity System Operator (IESO), the DAM is a key element of the Market Renewal Program (MRP), which modernizes Ontarios electricity system.
Oil prices experienced a slight dip as Kazakhstan's high output and oversupply concerns overshadowed positive factors like US sanctions on Iranian oil. US stocks saw a significant rally, driven by optimism surrounding trade talks and despite the fluctuations in the oil market. Uncertainty regarding global demand and the impact of tariffs continue to be key factors influencing both oil prices and market sentiment.
As the Vltava Run 2025 approaches, Team Enverus is gearing up for another thrilling challenge. This years event promises to be even more exciting with a mix of seasoned runners and fresh faces ready to take on the 360km running relay through the picturesque countryside of Czechia. The run follows the historic Vltava River from the Southwest region all the way to an epic finish line in Prague.
Crude burnthe direct use of crude oil in power plants and industrial facilities, primarily for electricity generationhas long been a staple in Saudi Arabias energy mix. The kingdom burns significant volumes of oil to meet domestic electricity demand, which hovers around 171 terawatt-hours (TWh). However, analysis from Rystad Energy shows the upcoming Jafurah shale gas field, set to start production in 2025 and the largest of its kind globally, could dramatically shift this dynamic.
Polysilicon Price Defense Line Completely Breached! 400,000 Tons of Inventory Pressure, How to Break Through the Second Quarter Crisis? SupplySide:TheTug-of-WarBetweenResumptionandReduction,ExacerbatingOvercapacityRegionalCapacityDifferentiationNorthwest'sFalseReduction:AlthoughmajorXi.
Blue Origins star-studded space flight caused more backlash than awe, but is all space tourism frivolous? Two writers hash it out in this weeks Debate Yes: A single space flight emits more carbon than 1bn individual will in their lifetime Tourism is not the harmless middle-class pastime weve all been brainwashed into believing, thanks to a never-ending diet of slick, over-produced adverts.
CATL Launches Three Power Batteries AccordingtoWechatOfficialAccount@ofweeklibattery,onApril21,2025,CATL'sinauguralSuperTechDaywitnessedthegrandunveilingofthreegroundbreakingpowerbattery.
The worlds largest crude oil exporter, Saudi Arabia, and the third biggest importer, India, agreed on Wednesday to enhance cooperation in the energy sector, including in crude oil and petroleum products supply and the construction of two refineries. The agreement to boost energy cooperation adds to a deal to strengthen the strategic partnerships between the two countries in defense, security, trade, investment, technology, agriculture, culture, health, and education, the Saudi Press Agency repor
Universal Energy Signs Investment Agreement with Azerbaijan for 100MW Solar PV Project AccordingtoWechatOfficialAccount@gh_b784c0615fdb,onApril22nd,duringthestatevisitofAzerbaijaniPresidentIlhamAliyevtoChina,NanYi,ChairmanandPresidentofU.
The world installed a record-high wind power capacity last year, but this isnt enough to meet the goal of tripling renewable energy capacity by the end of the decade, the Global Wind Energy Council (GWEC) said in a new report on Wednesday. Globally, a total of 117 gigawatts (GW) of wind energy were installed in 2024a record year for new capacity, the wind industry body said in its 2025 Global Wind Report.
(World Oil) –Crescent Energy has closed the sale of its non-operated Permian basin assets to a private buyer for $83 million in cash, the company announced Tuesday. The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3 Mboe/d (~35% oil). Proceeds from the sale will be used to reduce outstanding borrowings on the Companys revolving credit facility.
Oilfield service major Baker Hughes is going to be cautious about its financial performance outlook this year, due to broader macro and trade policy uncertainty, most likely meaning tariffs, the company said in its first-quarter financial report. Baker Hughes booked net profits of $509 million, which was down from $694 million for the last quarter of 2024 on a GAAP basis, which represented a 27% decline.
(Oil Price) –Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion in a deal that would bolster EQTs inventory in the Marcellus and Utica shale gas regions. Source: Yahoo News The total consideration of $1.8 billion is composed of approximately 26 million shares of EQT common stock, representing $1.3 billion based on the 20-day volume-weighted average price as of April 21, 2025, and $500 million in cash, as adjusted pursuant
Activist investor Elliott Management has declared a stake of over 5% in BP and has urged the company to boost cash flow via spending cuts. Eight weeks ago, we announced a fundamentally reset strategy, and our focus now is on delivering that at pace, spokesman David Nicholas told Bloomberg in a statement. We welcome constructive feedback from all shareholders as we focus on delivering.
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