Mon.May 19, 2025

article thumbnail

Germany Shifts Stance on Nuclear Power in EU Policy

OilPrice

Germany, which has been opposing for years EU attempts to treat nuclear power as a green electricity source on par with renewable energy, has dropped this opposition under new chancellor Friedrich Merz, which could make EU energy policy much easier to adopt. Germany under former chancellor Olaf Scholz was opposing treating nuclear on an equal footing as solar and wind in the EUs goals and policy to achieve net-zero by 2050.

Energy 355
article thumbnail

DOE Orders Fossil Units Online After Puerto Rico Blackouts, Citing Dispatchable Capacity Need

POWER Magazine

The U.S. Department of Energy (DOE) has invoked emergency authority to compel Puerto Ricos public utility to dispatch mothballed oil-fired and fossil-fueled power units, citing an imminent threat to grid […] The post DOE Orders Fossil Units Online After Puerto Rico Blackouts, Citing Dispatchable Capacity Need appeared first on POWER Magazine.

Utilities 282
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Iraqi Kurds Sign Billions in Energy Deals With U.S. Despite Baghdad Oil Dispute

OilPrice

The Kurdistan Regional Government (KRG) in northern Iraq has formalized two major energy agreements with U.S. firms HKN Energy and WesternZagros in Washington, D.C., Kurdish media reported on Monday, in deals valued at a combined $110 billion, despite a legal showdown with the federal government of Iraq over control of the countrys oil exports.

Oil 331
article thumbnail

Nat’l Rig Count Down 2 @ 576; Marcellus Even @ 25, Utica Adds 1 @ 11

Marcellus Drilling News

The U.S. national rig count lost two more rigs last week, going from 578 to 576, tying January 24th of this year as the lowest national rig count in the past 12 months. Rigs targeting the Marcellus layer remained the same with 25 rigs last week, while the Utica (in Ohio) picked up one rig.

Energy 252
article thumbnail

China Shatters Records with Rooftop Solar Installations

OilPrice

China installed a record 60 gigawatts (GW) of new solar photovoltaic (PV) capacity in the first quarter of 2025 the highest ever recorded in a first quarter in the countrys history, according to Rystad Energy research and analysis. Rooftop PV accounted for 60%, or 36 GW, of that total, marking the largest quarterly capacity addition for distributed PV in Chinas history.

Energy 317
article thumbnail

PA DEP Approves MarkWest Processing Plant Expansion in SWPA

Marcellus Drilling News

Last November, MDN brought you the great news that MPLX (aka MarkWest Energy) would file to build an expansion at its existing Harmon Creek facility in Smith Township, Washington County, PA (see MPLX to Build New Harmon Creek III Gas Processing in PA Marcellus). MPLX wants to add a 300 MMcf/d (million cubic feet per.

Gas 240
article thumbnail

Oil Prices Drop as U.S. Loses Top AAA Rating

OilPrice

Oil prices fell on Monday after the last of the big three credit rating agencies, Moodys, downgraded its rating on the United States from AAA to Aa1, reigniting concerns about Americas economy and bond markets. Moodys Ratings on Friday downgraded the long-term issuer and senior unsecured ratings of the U.S. to Aa1 from Aaa and changed the outlook to stable from negative.

Oil 316

More Trending

article thumbnail

America Desperately Needs To Invest in Infrastructure

OilPrice

Recent events in America's air transport system suggest that the system is becoming more prone to dangerous failures. Those failures include a January 29 mid-air collision between an Army helicopter and a passenger jet Washington, D.C.

article thumbnail

NERC/FERC Caution New England, Central US May Experience Blackouts

Marcellus Drilling News

Last week, two different quasi-governmental agencies, the North American Electric Reliability Corporation (NERC) and the Federal Energy Regulatory Commission (FERC), issued summer assessments for whether or not the country could experience problems with having enough electric power for this summer. Both assessments conclude the same thing: IF we don’t have any extreme weather events, and.

Energy 170
article thumbnail

7 Energy Winners in a Market Going Nowhere

OilPrice

Oil prices are stuck in a rut, with Brent hovering near $65 and WTI not far behind. The White House has dialed tariffs backfor nowbut Washingtons 150-country trade warning last week has traders and executives bracing for more volatility. But still, a handful of oil and gas stocks are proving they can still deliver, regardless of the current macro whiplash.

Energy 300
article thumbnail

FERC Approves Venture Global LNG’s Calcasieu Pass 2 Final SEIS

Marcellus Drilling News

Last December, MDN told you that the future of what could become the country’s largest LNG export facility, Venture Global’s Calcasieu Pass 2 (CP2), was in question following a court order from the the leftwing U.S. Court of Appeals for the District of Columbia (see Timing & Future of Venture Globals CP2 LNG Project Murky).

164
164
article thumbnail

Clashes In Libya Leads to Shipping Diversion

OilPrice

Violent clashes in Tripoli have forced shipping companies to divert vessels away from the capital's port, raising concerns over the security of the country's vital energy exports, Lloyds reported on Monday. The unrest erupted following the assassination of Abdel Ghani al-Kikli, commander of the Stability Support Apparatus (SSA), leading to fierce battles between rival militias.

article thumbnail

Oral Arguments for Lawsuit re Shale Drill Cuttings at PA Landfill

Marcellus Drilling News

In January 2024, MDN told you about a long-closed landfill that seeks to reopen in Liberty and Pine Townships in Mercer County, PA (see Group Claims Drill Cuttings for Grove City Landfill Radioactive). In 2020, Tri-County Landfill Inc. submitted a permit application for the construction and operation of a municipal waste landfill site operated from.

Operator 164
article thumbnail

UK Space Ambitions Clash With NATO Airspace Concerns

OilPrice

When I relocated to the UK from New York in 1984, the Cold War was at its peak. US nuclear and conventional forces were spread across Europe and fears of a Soviet invasion or nuclear exchange were ever-present. In the UK, another critical strategic concern was the Greenland-Iceland-United Kingdom (GIUK) gap, which are two stretches of the North Atlantic separating these three countries.

IT 286
article thumbnail

Oil price, Savannah, Union Jack, Borders & Southern. And finally…

Malcolm Graham Wood

Oil is quiet with mixed news from the US/Iran talks. Today Savannah have had a very positive update and Union Jack are also in good form. And Borders & Southern may well just be an exciting place to be just now. The post Oil price, Savannah, Union Jack, Borders & Southern. And finally… appeared first on Malcy's Blog.

Oil 162
article thumbnail

EU Set To Spend an Extra €10 Billion on Gas Refill

OilPrice

The European Union is facing additional costs of 10 billion euro, or $11.2 billion to refill its natural gas storage caverns this year. And this is the best-case scenario, according to the Financial Times. It cold end up being a lot more expensive. The reason for the much higher bill is the colder winter of2024-2025, which depleted the blocs natural gas reserves more than each of the prior two winters when the weather was milder than usual, allowing the EU to retain comfortable levels of gas in

Gas 276
article thumbnail

ECA Marcellus Trust I Gives Investors 5.2 Cents Dividend for 1Q25

Marcellus Drilling News

ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced on May 9 that it will issue a 5.2-cent dividend to unitholders for the first quarter of 2025. The company continues to hold back some profits ($90,000 in 1Q25) to build.

article thumbnail

Galveston Gets First LNG Bunkering Permit on U.S. Gulf Coast

OilPrice

The Galveston LNG Bunker Port (GLBP) on the Texas City Ship Channel has received all necessary permits to operate a small-scale facility on the U.S. Gulf Coast for fueling ships with liquefied natural gas (LNG), company executives have told Reuters. Galveston LNG Bunker Port (GLBP) is a joint venture by Pilot LNG and Seapath Group, a subsidiary of the Libra Group, to develop, own, and operate the first dedicated small-scale LNG facility on the U.S.

article thumbnail

JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin

CNBC: Energy

JPMorgan is now allowing clients to buy bitcoin, a major shift for the largest U.S. bank.

145
145
article thumbnail

UK Carbon Price Soars 8% as London Agrees to Link Emissions Trading With EU

OilPrice

The UKs benchmark carbon price surged by more than 8% on Monday after the UK and the EU agreed to link their emission trading systems in the first major reset of trade relations since Brexit. The UKs government announced on Monday that the UK has secured a new agreement with the EU post Brexit, which will include closer co-operation on emissions through linking our respective Emissions Trading Systems.

article thumbnail

Ray Dalio says the risk to U.S. Treasurys is even greater than what Moody's is saying

CNBC: Energy

Moody's cut the U.S. credit rating one notch to Aa1 from Aaa due to the federal government's ballooning budget deficit and soaring interest payments.

article thumbnail

Continental Resources Accuses Hess of $69 Million Fraud

OilPrice

Energy independent Continental Resources has accused sector player Hess Corp of fraud to the tune of $69 million in a lawsuit alleging the latter artificially inflated the price of its midstream services through deals with its own subsidiaries. Per a Reuters report citing the lawsuit, the alleged fraud concerned oil wells in North Dakota, in which Continental Resources holds non-operating interests.

Midstream 227
article thumbnail

Pemex reactiva pozos cerrados con apoyo privado

Oil & Gas Magazine

Pemex busca reactivar 400 pozos cerrados con inversin privada. El objetivo: sumar 13 mil barriles diarios y reducir la brecha de produccin nacional. Petrleos Mexicanos (Pemex) ha iniciado un nuevo proceso de licitacin para la reactivacin de 400 pozos petroleros cerrados, con el objetivo de elevar su produccin de crudo en hasta 13 mil barriles diarios hacia diciembre de 2025.

Upstream 133
article thumbnail

China Plans Major Nuclear Expansion with 10 New Reactors

OilPrice

China has approved plans to build 10 new nuclear reactors for 200 billion yuan ($27.7 billion), positioning it to surpass the U.S. as the worlds largest nuclear power producer by 2030, according to Nikkei Asia. The decision, made at a State Council meeting last month, includes eight Hualong One reactorsdeveloped by state-owned firms based on U.S. and French designsand two CAP1000 units, based on Westinghouses AP1000 model.

IT 207
article thumbnail

Alphabet's Waymo wins approval to expand driverless ride-hailing service to San Jose

CNBC: Energy

Waymo has received approval from California regulators to expand its driverless ride-hailing service to San Jose and other parts of the Bay Area.

IT 131
article thumbnail

Norway Bets Big on Offshore Wind

OilPrice

Norway announced on Monday a tender for three project areas for floating offshore wind in a highly-anticipated first competition for this type of renewable energy in the Nordic country. The Norwegian Energy Ministry, which said earlier this year that it would bet on floating wind instead of fixed-bottom offshore wind, is now opening competition for project areas for offshore wind in Utsira Nord outside the coast of Rogaland off Norways southwest coast.

Offshore 207
article thumbnail

TotalEnergies signs Canada LNG agreement with Ksi Lisims LNG

BOE Report

French energy group TotalEnergies said in a statement on Monday it had signed an agreement with Ksi Lisims LNG for the purchase of 2 million tons per year of LNG for 20 years from a future liquefaction plant, subject to the final investment decision of the project.

Energy 130
article thumbnail

U.S. Ethane Could Be the Big Winner of Asia’s Shift in Petrochemicals Feedstock

OilPrice

U.S. ethane production and exports are set to benefit from petrochemical firms in Asia shifting feedstock from naphtha to the cheaper ethane as chemicals margins shrink. Ethane, a natural gas liquid primarily extracted from raw natural gas during processing, is mainly used as a feedstock for ethylene production, one of the most important building blocks in the petrochemical industry.

article thumbnail

5 ways great leaders give feedback that improves performance

SmartBrief

When I began coaching David, a newly promoted team leader, he was struggling with a familiar issue: one of his employees was consistently missing deadlines and showing up unprepared for meetings. David didnt want to seem overly critical or micromanaging, so he kept giving vague encouragement like Lets stay on top of things or Try to be more proactive.

IT 130
article thumbnail

Natural Gas As a Bridge Fuel Faces ‘Turbo Lag’ 

OilPrice

For years, natural gas has been hailed as a bridge fuel that will play a critical role in the transition to renewable energy and low-carbon fuels. While coal remains the most important fossil fuel in the power sector, accounting for 35% of global electricity generation in 2024, natural gas was second at 20%, with gas rapidly replacing coal-fired generation thanks to its lower emissions profile.

article thumbnail

BYD Establishes European Headquarters in Hungary

EnergyTrend

BYD Establishes European Headquarters in Hungary OnMay15,BYDannouncedplanstoinvestapproximatelyHUF100billion(aboutRMB2billion)toestablishitsEuropeancorporateheadquartersandR&DcenterinBudapest,Hun.

130
130
article thumbnail

North Dakota oil producers plan to drop rigs due to weaker prices, state regulator says

Oil & Gas 360º

(BOE Report) – Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third largest U.S. oil producer, the states Department of Mineral Resources said on Friday. Oil producers have started to slow output, dropping rigs, as prices have fallen below $65, the price required to break even.

Oil 130
article thumbnail

Eyeing the U.S.! 5GW Solar Cell Project Settles in Turkey

EnergyTrend

Eyeing the U.S.! 5GW Solar Cell Project Settles in Turkey AccordingtolocalmediaDailySabah,TurkishphotovoltaicmanufacturerElinEnergywillinvestapproximately$400million(about2.885billionRMB)tobuildamanufacturing.

130
130
article thumbnail

Texas RRC issues enhanced guidelines for Permian disposal wells

Oil & Gas 360º

(World Oil) – Utilizing scientific and engineering analysis, the Railroad Commission of Texas has issued new guidelines that further strengthen permitting of disposal wells in the Permian basin. In order to further enhance the integrity of the underground disposal of produced water, new requirements will be implemented for saltwater disposal well (SWD) permit applications in the region.

article thumbnail

World’s First Fleet of 100 5G-A Autonomous Electric Mining Trucks Launched at Yimin Mine

POWER Magazine

A fleet of 100 Huaneng Ruichi autonomous electric mining trucks, the first of its kind in the world, has officially entered operation at the Yimin open-pit mine in Inner Mongolia, […] The post Worlds First Fleet of 100 5G-A Autonomous Electric Mining Trucks Launched at Yimin Mine appeared first on POWER Magazine.

Operator 130
article thumbnail

Steph Curry: A new kind of leader still defying expectations

SmartBrief

Steph Curry of the Golden State Warriors continues to redefine what it means to lead in professional sports. Often described as humble, unselfish, and fiercely committed to excellence, Curry stands out not only for his remarkable skill but also for his ability to bring out the best in those around him. In Connection Culture , I argue that sustained superior performance arises when leaders foster both task excellence high standards, discipline and a focus on resultsand relationship excellence a

article thumbnail

Canacintra urge a Pemex pagar deuda en Tabasco

Oil & Gas Magazine

Canacintra Tabasco exige a Pemex saldar deudas con proveedores; ms de 500 empresas afectadas y 3,000 empleos perdidos en los ltimos tres meses. El presidente de la Cmara Nacional de la Industria de la Transformacin (Canacintra) en Tabasco, Alejandro Fras Daz, urgi a Petrleos Mexicanos (Pemex) a avanzar de manera inmediata en el pago de las deudas que mantiene con empresas proveedoras de la entidad, advirtiendo un impacto grave sobre la economa local.

Upstream 115