Thu.Jul 17, 2025

article thumbnail

Is geothermal energy ready to make its mark in the US power mix?

McKinsey

Skip to main content Is geothermal energy ready to make its mark in the US power mix? July 17, 2025 | Article Adam Barth   Clint Wood Maximilian Moosburger   Bobo Stankovikj Next-generation geothermal energy may soon be a cost-competitive way to fill the need for clean, firm power in the United States. Energy demand in the United States is projected to grow roughly ten times as fast in the coming decade as it did over the past ten years.

IT
article thumbnail

What’s New: Mach Enters Permian, San Juan Basins With $1.3 Billion in Deals

Rextag

Mach Natural Resources has signed two definitive agreements totaling $1.3 billion , marking a major strategic move beyond its traditionally Oklahoma-focused operations. These acquisitions will give the Anadarko Basin-centered independent producer its first significant footholds in the Permian and San Juan basins, through the purchase of assets from Sabinal Energy and entities managed by IKAV Energy.

Insiders

Sign Up for our Newsletter

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

article thumbnail

EnerMech Bags Two-Year O&M Services Extension in North Sea

Offshore Engineer

Energy industry services firm EnerMech has been awarded a two-year crane operations and maintenance (O&M) contract extension to continue supporting a North Sea operator…

article thumbnail

Goldman: The Boom Years of U.S. Oil Output Growth Are Over

OilPrice

The years of very rapid growth in U.S. crude oil production are behind us, in large part due to the maturing of the biggest growth engine, the Permian, according to Goldman Sachs. The investment bank expects declines in America’s crude oil output for this year and next because of the lower oil prices, Daan Struyven, oil research head at Goldman Sachs, told Bloomberg TV in an interview on Thursday.

article thumbnail

Productivity at the core: How COOs deliver strategy

McKinsey

Skip to main content Productivity at the core: How COOs deliver strategy July 17, 2025 | Article Daniel Swan  Darryl Piasecki  Tony Gambell For the COO’s productivity mandate, the time to act is always. Six best practices can help. Every chief operating officer (COO) knows this simple truth: Delivering the company’s strategy isn’t just part of the job—it is the job.

article thumbnail

Azule Energy Reports Gas Discovery Offshore Angola

Rigzone

The preliminary results and fluid samples indicate several reservoirs with good mobility, and initial assessments suggest that gas volumes on site may exceed 1 trillion cubic feet.

Gas
article thumbnail

Chevron Prioritizes Cash Flow Over Growth in Permian

OilPrice

Chevron has effectively reached its long-term production goal of 1 million barrels of oil equivalent per day (boe/d) in the Permian Basin—and from here, it’s shifting gears. According to Bruce Niemeyer, president of Chevron’s shale business, the company now plans to hold production steady through 2040 while cutting rigs and frack crews—locking in $5 billion in annual free cash flow by 2027.

More Trending

article thumbnail

What the latest trends in sporting goods mean for brands

McKinsey

Physical activity has hit global lows—yet a growing number of consumers are focusing on fitness. In an uncertain economy, many are looking for value—but some are willing to splurge. How should brands make sense of this year’s polarizing trends?

article thumbnail

Croatia’s INA confirms Rijeka refinery’s readiness for SAF production

Oil & Gas Journal

In a pilot project executed in May, INA tested co-processing of 1,000 tonnes 5% palm oil mill effluent biogenic feedstock with conventional crude oil at the Rijeka refinery’s existing hydrocracking unit to produce both SAF and renewable diesel, the operator said.

article thumbnail

How to rewire supply chain for a fragmented world: Lessons from leaders

McKinsey

AI, automation, and a nerve center? McKinsey senior partner Neelesh Mundra explains some of the ways supply chain leaders are innovating and flourishing amid today’s complexities.

article thumbnail

Pittsburgh Takes Center Stage in America’s Energy & Tech Future

Marcellus Shale Coalition

At Senator Dave McCormick’s Inaugural Pennsylvania Energy and Innovation Summit yesterday, held at Carnegie Mellon University, the national spotlight was on the Pittsburgh region as leading energy and technology executives, labor officials and policymakers sent a clear and unified message: the future of American energy security and economic competitiveness runs through Pennsylvania.

article thumbnail

Canada's New Energy Agenda Meets Resistance From First Nations

OilPrice

It’s a quintessentially Canadian story. As other countries build infrastructure to support their burgeoning economies and the transition to clean energy, Canada’s push to “go big” on major energy and mining projects is being held up by local First Nations who claim that Bill C-5 violates their constitutional rights. Also known as the “one Canadian economy act” because it aims to reduce interprovincial trade barriers, C-5 was recently passed by the House of Commons and the Senate.

article thumbnail

EthosEnergy Bags RISEC Operations and Maintenance Deal

Rigzone

EthosEnergy secured a multi-year operations and maintenance deal for the Rhode Island State Energy Center, a two-by-one combined-cycle gas turbine power plant outside Providence, Rhode Island.

article thumbnail

Gettings sensors right

Oilfield Technology

Sagentia Innovation’s Dan Spencer, R&D Consultant, and Michele Turitto, Managing Partner, Industrial, Chemicals, and Energy, discuss how to deliver on upstream goals with expert selection and integration of sensors.

article thumbnail

Iraq Agrees on Oil Plan With Kurds

Rigzone

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $67.47 -0.1% Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS

Oil
article thumbnail

TechnipFMC awarded engineering contract for Equinor’s Heidrun extension offshore Norway

Oilfield Technology

TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for its Heidrun extension project in the Norwegian North Sea.

article thumbnail

Iran Seizes Foreign Oil Tanker in Gulf of Oman

OilPrice

It remains important for energy traders to closely monitor the Strait of Hormuz and other key critical maritime chokepoints in the region (recall Red Sea events last week, given persistent geopolitical tensions involving Iran and Israel. Tehran retains a diverse toolkit—both asymmetric and conventional—for disrupting tanker traffic through the Strait of Hormuz.

Oil
article thumbnail

Secure Endpoint: Real Results in Efficacy, Simplicity, and Faster Detection

Cisco: Oil & Gas

Discover how Cisco Secure Endpoint delivers real improvements in efficacy, management, and faster threat detection to keep organizations ahead of evolving threats.

article thumbnail

Natural Gas Inventories Rise but Heat Wave Could Fuel Strong Demand

OilPrice

U.S. natural gas inventories climbed by 46 billion cubic feet (Bcf) last week, keeping total storage comfortably above seasonal norms. But while the headline number suggests plenty of supply, traders aren’t relaxing just yet — not with record-breaking heat and LNG exports tightening balances beneath the surface. The build for the week ending July 11 brings total working gas in storage to 3,052 Bcf, according to today’s figures provided by the Energy Information Administration.

article thumbnail

Oil Prices Decline As OPEC+ Expected To Boost Output

Oil & Gas 360º

Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, Acquisitions & Divestitures Bankruptcy Return of Capital Earnings Capital Markets ESG/Corporate Responsibility Commodities Economy Energy Transiti

article thumbnail

PPL, Blackstone Launch Major Gas-Fired Generation Venture Targeting Data Center Surge in Pennsylvania

POWER Magazine

PPL Corp. and investment giant Blackstone Infrastructure have formed a joint venture to build, own, and operate natural gas combined-cycle generation plants in Pennsylvania specifically designed to serve data center loads through long-term energy service agreements (ESAs). The partnership, unveiled at the Pennsylvania Energy and Innovation Summit in Pittsburgh on July 15, represents a strategic […] The post PPL, Blackstone Launch Major Gas-Fired Generation Venture Targeting Data Center Sur

Gas
article thumbnail

India's ONGC Eyes Major New Refinery Project

OilPrice

Indian state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas explorer and producer in the country, is considering the construction of a new refinery with a capacity of between 200,000 barrels per day and 240,000 bpd, a source from the company told Reuters on Thursday. ONGC has undertaken a pre-feasibility study on the refinery project, which is planned to be set up at the coastal city of Jamnagar in the western Indian state Gujarat, according to the source.

article thumbnail

New York Terminates Offshore Wind Transmission Plan Due to Federal Uncertainty

Offshore Engineer

The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers…

article thumbnail

Why Oil Prices Could See a Significant Upside Shift

OilPrice

The 9th OPEC International Seminar was held in Vienna a week ago, wherein participants discussed energy security, investment, climate change, and energy poverty, with a particular emphasis on balancing these competing priorities.

Oil
article thumbnail

Worley Inks FEED Contract for Scottish Floating Wind Farm

Offshore Engineer

Worley has secured a front-end engineering and design (FEED) contract for onshore substation for the 560 MW GreenVolt floating wind farm offshore Scotland, being…

article thumbnail

Author Talks: Doing the heavy lifting

McKinsey

Skip to main content Author Talks: Doing the heavy lifting July 17, 2025 | Interview A Wall Street Journal journalist turned bodybuilder shares how building strength helped her rebuild her life—physically, emotionally, and mentally. About the book Author: Anne Marie Chaker Publisher: Avery/Penguin Random House (June 17, 2025) Language: English Hardcover: 256 pages ISBN: 9780593541111 In this edition of Author Talks , McKinsey Global Publishing’s Christine Y.

IT
article thumbnail

Full Speed Ahead on Building TVA Cumberland Gas-Fired Plant & Pipe

Marcellus Drilling News

Here’s an important update for a project we haven’t discussed since last October. The Tennessee Valley Authority (TVA) is building a $2.1 billion state-of-the-art natural gas plant in Cumberland City, Tennessee (see TVA Recommends Replacing Cumberland Coal Plant w/Natural Gas). There have been bumps and hiccups along the way, but the good news is that.

Gas
article thumbnail

Washington Pressed to Act as Solar Imports From Asia Surge 400%

OilPrice

U.S. solar manufacturers have filed a formal trade petition seeking new anti-dumping and countervailing duties on solar panel imports from India, Indonesia, and Laos, citing sharp price undercutting and rapid volume growth. The petition, submitted Tuesday to the U.S. International Trade Commission (ITC), alleges that imports from India and Indonesia have increased by more than 400% since 2021, often selling at prices 40% to 50% below U.S.

article thumbnail

Homer City Open House Unveils Plans for $10 Billion Project

Marcellus Drilling News

Members of the Homer City Redevelopment (HCR) Group hosted an open house last night at the Kovalchick Convention and Athletic Complex in Indiana, PA, to present plans for a $10 billion, 3,200-acre, natural gas power plant and data center facility in Indiana County, PA. The open house came on the heels of a huge announcement.

article thumbnail

From Credits to Constraints: Navigating the OBBBA Energy Shakeup

Enverus

The One Big Beautiful Bill Act (OBBBA), enacted on July 4, introduces sweeping changes to U.S. energy policy, significantly altering the tax credit landscape for clean energy projects. The act repeals key provisions of the Inflation Reduction Act, including longstanding renewable energy tax credits, and imposes stricter construction timelines to qualify for remaining incentives ( Figure 1 ).

article thumbnail

Guyana Scales Back Borrowing as Elections Test Oil Boom Stability

OilPrice

Guyana’s government will reduce external borrowing for major infrastructure projects, Vice President Bharrat Jagdeo said, citing the country’s swelling oil revenues and a growing push for fiscal restraint. Speaking at a press briefing, Jagdeo said new revenue flows made it unnecessary to pursue as many external loans for transport and energy projects as previously planned, adding, “We have cash balances,” Demerara Waves reported.

Oil
article thumbnail

High-Voltage Substation for RWE’s Thor Wind Farm Sails Away from HSM Offshore

Offshore Engineer

HSM Offshore Energy has completed the buildout and delivery oof the Thor offshore high voltage substation (OHVS) for RWE’s Thor offshore wind farm in Denmark.

article thumbnail

Google Signs PPAs for 3,000 MW of Hydro Power with Brookfield

Rigzone

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $67.47 -0.1% Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS

article thumbnail

BlackRock's €1 Billion Bet on Eni Fuels Carbon Capture Confidence

OilPrice

A long-anticipated deal just became a market signal: BlackRock’s Global Infrastructure Partners is preparing to buy 49.99% of Eni’s carbon capture arm at a valuation of around €1 billion ($1.2 billion), according to sources familiar with the negotiations. That figure, revealed for the first time this week, isn’t just a price tag—it’s a fresh marker for how the world’s largest asset manager sees the future of decarbonization infrastructure.

article thumbnail

Eni Places 20-Year Order for 2 MMtpa from CP2 LNG

Rigzone

'The agreement is Eni's first long-term LNG supply from the United States and represents a significant milestone in Eni's strategy to expand and diversify its global LNG footprint, enhancing portfolio flexibility'.

IT
article thumbnail

MEG Energy Announces Second Quarter of 2025 Results and Conference Call

BOE Report

CALGARY, AB, July 17, 2025 /CNW/ – Results Release: Thursday, July 31, 2025 after market close Conference Call Details: Friday, August 1, 2025 8:30am ET / 6:30am MT Dial-in Numbers: Toll Free: 1.800.715.9871 International: 1.647.932.

article thumbnail

Santos Q2 Revenue Slightly Hit by Lower Oil Prices

Rigzone

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $67.47 -0.1% Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS

Oil