Fri.Apr 18, 2025

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Con Edison Building New Transmission Line for NYC Borough

POWER Magazine

Con Edison has said it is investing $125 million to build a new transmission line that will support economic development and the electrification of buildings and vehicles in Queens, New York. The Reliable Clean CityLong Island City project will connect the Vernon and Newtown substations in Long Island City. The post Con Edison Building New Transmission Line for NYC Borough appeared first on POWER Magazine.

IT 147
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Doubts Arise Over Azerbaijan Gas Export Targets

OilPrice

Azerbaijani leader Ilham Aliyev wants the European Union to ease regulatory hurdles and improve financing conditions to enable an expansion of natural gas exports. But recently published data raises doubts about whether Azerbaijan can meet a commitment of exporting 20 billion cubic meters (bcm) of gas annually to the EU by 2027.

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Crafting Integrated Solutions to Minimize Energy and Water Consumption

POWER Magazine

Energy and water are like dance partners in a complex ballet, each intricately linked to the other. On the global stage, the greatest demand for water is for electric power generation, while the most energy-intensive sector is the extraction, treatment, and distribution of water. The post Crafting Integrated Solutions to Minimize Energy and Water Consumption appeared first on POWER Magazine.

Energy 130
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India Aims to Lure Foreign Nuclear Power Providers With Eased Liability Laws

OilPrice

India plans to remove an unlimited liability clause in its nuclear energy laws in a bid to attract foreign firms, especially U.S. companies, to its nuclear energy sector. The Indian Department of Atomic Energy has prepared a bill that would remove a clause in the Civil Nuclear Liability Damage Act of 2010 that exposes suppliers to unlimited liability if accidents occur, government sources told Reuters.

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Why Utility Fleets Still Struggle to Harness True TCO Intelligence

POWER Magazine

In an era where grid modernization, decarbonization, and electrification dominate utility agendas, fleet management strategies are lagging behind. Many utility and power generation providers continue to rely on outdated vehicle management platforms that lack the advanced total cost of ownership (TCO) analytics needed to support todays evolving operational and sustainability goals.

Utilities 130
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Oil Prices Post a Weekly Gain Despite Demand Fears

OilPrice

Oil prices are set to post a weekly gain for the first time in three weeks, although demand concerns continue to loom as the U.S.-China trade war escalates. Friday, April 18th, 2025As the Western hemisphere wound down trading activity with the onset of the Easter holidays, crude oil markets have posted an impressive 7% week-on-week rise, with ICE Brent now back at $68 per barrel.

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Natural Gas is the Foundation of America’s Energy Future 

American Gas Association

News True Blue Blog Where energy conversations come to life. Every stable house needs a foundation that first layer of stability that provides reliable ground to build on. In the same way, the American energy system needs natural gas. Natural gas is one of the most stable and trusted fuels for our daily needs, delivering reliable, affordable and safe energy to communities across the country whenever they need it.

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When Force Majeure Isn't Enough: The Causation Trap That Cost Kinder Morgan $100 Million

Producer's Edge

In case you somehow forgot, the 2021 Valentines Day storm coined “Snovid,” “Snowmageddon,” or officially labeled Winter Storm Uri, blanketed Texas in snow and ice, even bringing snowfall to Galveston Beach. As temperatures dropped, oil field equipment froze, wells were shut in, and the natural gas needed to generate electricity crashed as the demand for power sky rocketed.

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BP Faces Major Shareholder Revolt Over Climate Strategy

OilPrice

BP has suffered a huge rebellion from its shareholders as the London-listed oil giants annual general meeting faces scrutiny of its environmental policy. Nearly a quarter voted against the re-election of outgoing chair Helge Lund at the firms annual general meeting. as conflict swirls over BPs decision to cut back on climate goals. Chief executive Murray Auchincloss has faced mounting pressure to turn around the companys struggling share price and in February announced plans to pivot back to oil

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Sungrow Accelerates Energy Storage Deployment in Italy, Driven by Policy and Demand

EnergyTrend

Sungrow Accelerates Energy Storage Deployment in Italy, Driven by Policy and Demand AccordingtoWechatOfficialAccount@EnergyScope,EmilioManzoni,HeadofPVandEnergyStorageBusinessatSungrowItaly,recentlyprovidedadetailedintroductiontotheco.

Energy 130
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China Halts U.S. LNG Imports Amid Tariff War

OilPrice

China hasnt imported liquefied natural gas from the United States since early February, as the tariff war hit energy trade and could have long-term consequences for U.S. LNG export contracts. The last LNG cargo to arrive in China from America was a tanker from Corpus Christi, which docked in the southern Chinese province of Fujian on February 6, according to shipping data cited by the Financial Times.

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US sanctions Chinese refinery for buying Iranian oil

Oil & Gas Journal

The Treasury Department sanctioned a Chinese oil refinery for purchasing $1 billion in Iranian crude oil as part of a broader US crackdown on companies and vessels skirting US sanctions.

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Russia-India Oil Shipping Rates Drop as Urals Dips Below Price Cap

OilPrice

The cost of shipping Russian crude from its ports in the Baltic Sea to India has dropped this month as the price of Russias flagship crude grade, Urals, slid in early April to below the G7 price cap, which increases the availability of tankers. The price cap mechanism set by the G7 and the EU says that Russian crude shipments to third countries can use Western insurance and financing if cargoes are sold at or below the $60-a-barrel ceiling.

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Discover the Cisco Catalyst Center Fundamentals (CCFND) Training Program

Cisco: Oil & Gas

Take your networking skills to the next level with the Cisco Catalyst Center Fundamentals (CCFND) training program, designed to provide you with a thorough understanding of Cisco Catalyst Center and its latest features and capabilities.

IT 121
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U.S. Will Ditch Ukraine Peace Talks If Progress Isn’t Made Soon

OilPrice

The United States will abandon efforts to broker a Russia-Ukraine peace agreement if progress isnt made very soon and unless clear signs emerge that a deal can be reached, U.S. Secretary of State Marco Rubio said on Friday. We're not going to continue with this endeavour for weeks and months on end. So we need to determine very quickly now, and I'm talking about a matter of days whether or not this is doable in the next few weeks, Secretary Rubio said.

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Valero to shutter at least one of its California refineries

Oil & Gas Journal

Valero has warned the government of California that it will take at least one of its two refineries within the state offline during first-half 2026, fulfilling earlier warnings by industry advocates that recently enacted state legislation governing refiners would lead to unintended consequences.

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France To Slap Power Suppliers on Wrist For Doing Too Much

OilPrice

France is discovering the hard way that having too much of a good thingsay, electricityisnt always cause for celebration. The countrys grid operator, RTE, has issued a sharp-tongued warning to power suppliers and traders whove been flouting basic rules and fanning an already toasty power glut. In a letter dated April 11, RTE called out near-daily breaches that are throwing the countrys energy balance into chaos and triggering pricey emergency measures.

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Two Years Of War In Sudan: New Governments, New Front Lines

Mees

Two years into Sudans brutal conflict, the war-torn country finds itself at risk of partitioning under two rival administrations. Oil flows remain disrupted as warring parties shift their fighting to new front lines.

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Iraq’s Oil Exports Dip in Q1 as Baghdad Vows Further Cuts

OilPrice

Iraqs crude and oil product exports fell by 110,000 barrels per day (bpd) from a year earlier to 3.7 million bpd in the first quarter of 2025, per data from Energy Research Unit cited by Shafaq News. The 3% drop in exports came as OPECs second-largest producer continues to restrict oil production as part of the OPEC+ agreements.

Oil 267
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Liberty Energy Sees USA Oil Activity Holding Firm With Prices Above $60

Rigzone

Liberty Energy Inc., one of the biggest U.S. fracking companies, expects most producers to stick with their production plans as long as crude prices can hang on near current levels.

Energy 109
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China Cuts Fuel Prices

OilPrice

Chinas central economic planner has announced cuts to gasoline and diesel prices, set to take effect today, following the price rout in international crude oil. Starting today, a ton of gasoline will cost some $66 less, the National Development and Reform Commission said, as quoted by Xinhua. A ton of diesel will cost $64 less. The state-owned oil and gas majors CNPC, Sinopec, and CNOOC have been directed to ensure an adequate supply of the most used fuels, the report noted, along with smaller r

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Use accountability to build a culture of ownership and follow-through

SmartBrief

A few years ago, I found myself in a work situation that changed how I think about accountability. A new president had been appointed at my company, and I knew we werent aligned. I didnt trust him. I couldnt quite articulate why, but I felt it in my gut. Instead of addressing the issue head-on, I let it fester. I showed up differently. And ultimately, I left the company.

IT 108
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Indonesia Agrees to Step Up Energy Imports to Avoid Tariffs

OilPrice

Indonesia has become the latest country to agree to boost imports of U.S. goods to avoid crippling tariffs for its exports. The country plans to increase its imports from the United States by $19 billion, including energy and food, the chief economic minister in Jakarta, Airlangga Hartarto told media, as quoted by Reuters. Indonesias government had earlier this week floated a plan to boost U.S. energy imports to $10 billion.

Energy 176
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Where Will the USA Gasoline Price Land in 2025?

Rigzone

In its latest STEO, the EIA projects that the U.S. regular gasoline price will average $3.10 per gallon in the second quarter of this year.

IT 104
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Oil Prices Set to Post First Weekly Gain in Three Weeks

OilPrice

Crude oil futures logged their first weekly gain in three weeks, lifted by a fresh round of U.S. sanctions on Iran, stepped-up output discipline from OPEC producers, and improved U.S. export flows. In a holiday-shortened trading week, West Texas Intermediate (WTI) settled at $64.01 per barrel on Thursday, up $3.15, or 5.18%, for the week. Brent crude saw a similar percentage gain, with both benchmarks bouncing off multi-week lows on supply-side catalysts.

Oil 175
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U.S. Energy Development acquires 20,000 net acres in Reeves, Ward counties

Permian Basin Oil and Gas Magazine

Fort Worth-based U.S. Energy Development Corp. said this week it acquired 20,000 net acres in Reeves and Ward counties in Permian Basin for $390 million from an undisclosed seller. U.S. Energy Development said the deal includes a proved producing component and expands the companys Permian holdings while increasing its multi-bench, multi-year drilling inventory.

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Three Oil Stocks Poised for a Rebound

OilPrice

For the last month and a half or so, the pieces I have written here have been focused on my prediction that stocks and energy commodity prices would go through a rough patch, and on how to deal with that. I still believe that stocks could move lower still, but crude seems to have found a bottom at around $60 for now. That, and the fact that energy has attracted some interest as a safe haven sector as more adventurous areas such as tech have led the market down, has resulted in energy beginning t

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Eni Signs MoU with YPF for Argentina LNG Project

Rigzone

The project is expected to be developed in multiple phases and export up to 30 million tons per year (mtpa) of liquefied natural gas (LNG) by the end of the decade.

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Egypt Looks To Cut Subsidy Spend By Hiking Fuel Prices Despite Falling Brent

Mees

*Egypt hiked road fuel prices for the first time in six months on 11 April, raising all three grades of gasoline by an average of 13% while the price of diesel was increased 15%. With Brent crude prices falling from an average of $85/B for 2Q 2024 to average $74.5/ between October last year and Q1 this year and continuing on a downward trend to trade at below $70/B in recent weeks, this should help the country reduce its subsidy bill.

IT 71
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Gunvor, Adnoc Shortlisted for Shell South Africa Unit

Rigzone

Shell has been looking to offload the assets, which include about 600 fuel stations and trading operations in Africa's biggest economy, as part of a broader strategy to focus on regions and businesses that offer higher returns.

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Thank a Lineman on National Lineman Appreciation Day

SHALE Magazine

The post Thank a Lineman on National Lineman Appreciation Day appeared first on Shale Magazine.

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BP Ships First Greater Tortue Ahmeyim LNG Cargo

Rigzone

BP marked a major milestone at its Greater Tortue Ahmeyim liquefied natural gas (LNG) Phase 1 project offshore Mauritania and Senegal.

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Cihan Group Wins Lubricants Deal for Kurdistan Region

Iraq Business News: Oil & Gas

By John Lee. A formal signing ceremony has been held in Dubai to mark the launch of a partnership between France's TotalEnergies and Erbil-based Cihan Group , which has now become the authorised supplier of the company's motor oils and lubricants in the Kurdistan Region of Iraq. According to a statement from Cihan, the agreement aims to raise local quality standards and ensure the delivery of premium products to customers across the region.

Oil 59
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UK Industry Body Invites Public to Join Live Debates

Rigzone

'These debates offer a valuable opportunity to ask questions, hear diverse viewpoints, and engage directly with those influencing the country's energy landscape', OEUK said.

Energy 70
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Growth slows, but U.S. crude oil exports reach record in 2024

Permian Basin Oil and Gas Magazine

U.S. Energy Information Administration said April 10 the nations crude oil exports reached a record in 2024. Exports erased the record set in 2023 by exceeding an annual average of 4.1 million barrels per day. But despite the record, growth of crude oil exports year-over-year slowed to 1 percent in 2024 compared with 14 percent in 2023 and 21 percent in 2022.

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Vista Acquires Stake in Unconventional Asset in Vaca Muerta, Argentina

Rigzone

'With this acquisition we gain significant scale in Vaca Muerta with a premium block that has growing production and low operating costs'.

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Israel’s Tamar Partners, Energean Ink Local Gas Supply Deals

Mees

The partners at Israels 13.7tcf Tamar gas field, led by operator US major Chevron, and Greek firm Energean with its 4.3tcf Karish gas project on 14 April signed separate gas sales deals for a combined 16.5bcm with local firm Kesem Energy to supply a planned 780MW CCGT power station to be built 25km east of Tel-Aviv.

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