Thu.May 08, 2025

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Understanding the April 2025 Iberian Peninsula Blackout: Early Analysis and Lessons Learned

POWER Magazine

On April 28, 2025, at 12:33 p.m. local time, a significant blackout affected the entire Iberian Peninsula, plunging Spain and Portugal into darkness. During a webcast on May 6, Sean […] The post Understanding the April 2025 Iberian Peninsula Blackout: Early Analysis and Lessons Learned appeared first on POWER Magazine.

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Germany Sees Slump in Wind and Solar Generation

OilPrice

Germanys wind and solar power output has slumped to the lowest in ten years since the start of the year, at just 80 TWh over the first four months of 2025, data from climate think tank Ember has shown. As a result, Europes biggest economy has ramped up gas and coal generation by 10% from a year ago, with the share of hydrocarbons in its energy mix rising to the highest in seven years.

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Ontario Authorizes OPG to Start Construction of First Commercial Nuclear SMR

POWER Magazine

Ontarios provincial government has given Ontario Power Generation (OPG) the green light to begin construction on the first of four BWRX-300 small modular reactors (SMRs) at its Darlington New Nuclear […] The post Ontario Authorizes OPG to Start Construction of First Commercial Nuclear SMR appeared first on POWER Magazine.

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Europe’s $2 Trillion Energy Reality Check

OilPrice

Last weeks worst blackout Europe has ever seen in modern times was a wake-up call for the EU and the rest of the world that regardless of booming renewable energy capacity installations, power supply will not be secure unless grids are capable and flexible enough to accommodate clean energy and meet rising demand. Renewable energy proponents have been touting for years the record-breaking solar and wind capacity additions in Europe and elsewhere, calling at the same time for more investments

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DOE Chief Backs Fossil, Nuclear Push Amid Budget and Staffing Questions

POWER Magazine

U.S. Secretary of Energy Chris Wright on May 7 told lawmakers that the Department of Energy (DOE) is entering what he called a golden era of American energy dominance, outlining […] The post DOE Chief Backs Fossil, Nuclear Push Amid Budget and Staffing Questions appeared first on POWER Magazine.

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OPEC+ Overproducer Kazakhstan Will Not Cut Oil Output in May

OilPrice

Kazakhstan doesnt have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal. Kazakhstan, one of the biggest overproducers under the agreement alongside OPECs second-largest producer, Iraq, plans to keep its crude oil and condensate production levels in May the same as in April and slightly higher than in March, Kazakhstans energy ministry told

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TVA Submits First Portion of Construction Permit Application to NRC for Clinch River BWRX-300 SMR

POWER Magazine

The Tennessee Valley Authority (TVA) has submitted the first portion of a construction permit application to the Nuclear Regulatory Commission (NRC) to build a GE Hitachi BWRX-300 small modular reactor […] The post TVA Submits First Portion of Construction Permit Application to NRC for Clinch River BWRX-300 SMR appeared first on POWER Magazine.

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Oil price, Touchstone, Genel, Reabold. And finally…

Malcolm Graham Wood

Oil rallies as tariff talks start to grow. Touchstone announce a $20m private placement while Genel has a positive update. Reabold convert loan notes into equity of LNEnergy. The post Oil price, Touchstone, Genel, Reabold. And finally… appeared first on Malcy's Blog.

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U.S., Russia In Quiet Talks to Bring Russian Gas Back to Europe

OilPrice

U.S. and Russian officials are quietly exploring pathways to restore Russian natural gas flows to European initiative that, if realized, would mark a seismic shift in post-Ukraine war energy dynamics, according to an exclusive report by Reuters on Thursday. The talks, still in preliminary stages, are reportedly linked to ongoing peace negotiations and could involve U.S.

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Stuck in the Queue and Paying the Dues

Enverus

PJM, CAISO and MISO have all experienced significant spikes in capacity market prices. The last auction in PJM cleared at $269.92/MW-day, increasing ~834% from $28.92/MW-day. In CAISO the resource adequacy price saw a similar increase, jumping from $160.60/MW-day in 2020 to $297.21/MW-day. Most recently, MISO announced its summer capacity price will surge from $30/MW-day to $666.50/MW-day, a striking 22x increase.

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Tight Now, Loose Later: Oil Futures Flash Warning

OilPrice

Last week, OPEC+ announced it will once again accelerate the pace of unwinding of production cuts, with output targets for June increasing by 411,000 barrels per day, equivalent to three monthly increments. This follows a similar move in April, with the organization appearing willing to stay the course amid low oil prices and fears of weakening demand.

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Short fuses, high stakes: An argument for grace-based leadership

SmartBrief

These are stressful times. Fear, uncertainty, and frustration have become an unwelcome undercurrent in many workplaces. Political divides flare unexpectedly. Tempers are shorter. People are weary and it shows. As pressure mounts, so does the risk of fractured teams, strained relationships and lost results. Todays leaders must navigate not just the work, but the weight people are carrying.

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UK Net-Zero Goal at Risk as Ørsted Cancels Offshore Wind Project

OilPrice

There are growing doubts over the governments ability to meet its net zero targets after the company behind one of Britains biggest-ever wind farms abruptly pulled the plug on the project, citing overwhelming cost pressures. Denmark-based rsted, which won the contract to develop the 2.4GW Hornsea 4 offshore windfarm last year, said it took the decision due to supply chain costs, higher interest rates, and an increase in the risk to construct and operate Hornsea 4 on the planned timeline.

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Grid queue: Lay of the land for renewables developers is still unclear

Energy Voice

One of the biggest changes for developers waiting for a grid connection will be demonstrating they have secured land rights to keep their place in the queue.

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How Turkey Could Thwart the EU's Plan to Ban Russian Gas

OilPrice

The European Union wants to quit all forms of Russian energy imports by the end of 2027. The EU has spoken a lot about this, but action has been mostly absent, with Russia still the second-biggest supplier of gas to the bloc. Now, a non-EU countrys gas ambitions could make Brussels task of quitting Russian gas even harder. The European Commission this week announced plans to bring Russian natural gas imports to zero.

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Kazakhstan says it has no plans to cut oil production this month

Oil & Gas 360º

(World Oil) – Kazakhstan, which has created tensions within OPEC+ by consistently breaching its production limit, has no plans to cut oil output in May, the countrys Energy Ministry said. Central Asias largest oil producer will pump a daily average of 277,000 metric tons of crude and condensate in May, the same level as in April, and compared with 260,000 metric tons in March, the Astana-based Energy Ministry said by email.

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Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins

OilPrice

Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars crude enjoying a doubling of margins to some $16 per barrel, $7 margins in Singapore for Dubai crude, and a 36% margin jump in Asia for Arab Light crude.

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ConocoPhillips announces Bill Bullock to retire after 39 years with the company

Oil & Gas 360º

(Oil & Gas 360) –HOUSTON(BUSINESS WIRE) ConocoPhillips ( NYSE: COP ) today announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy OBrien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025.

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Nigeria Sets Higher Oil Production Target

OilPrice

Nigerias government has set a new, significantly higher, production target for the national oil company, aiming for 2.5 million barrels daily by the end of this year. When the new NNPC management visited me, I increased their oil production target to 2.5 million bpd from the initial two million barrels given to them by the President, Nigerias petroleum resources minister, Heineken Lokpobiri told the Sun on the sidelines of the Oil Technology Conference Africa Energy Forum.

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Permian Resources acquires Delaware basin assets from APA for $608 million

Oil & Gas 360º

(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources core New Mexico operating areas. The transaction is expected to close by the end of the second quarter of 2025.

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EU Seeks to Simplify Energy Laws

OilPrice

The European Union member states are looking to include energy laws and regulations in wider efforts to cut bureaucracy aimed at boosting the blocs competitiveness, a draft document seen by Reuters showed on Thursday. Earlier this year, the European Commission proposed measures to cut red tape and simplify legislation for EU businesses and citizens.

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Refiners defy oil price slump with strong Q1 profits on solid margins

Oil & Gas 360º

(Oil Price) –Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars crude enjoying a doubling of margins to some $16 per barrel, $7 margins in Singapore for Dubai crude, and a 36% margin jump in Asia for Arab Light crude.

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ConocoPhillips Beats Q1 Profit Estimates as Output Jumps

OilPrice

ConocoPhillips (NYSE: COP) reported on Thursday slightly better-than-expected earnings for the first quarter, as higher oil and gas production volumes more than offset lower prices and increased operating costs. ConocoPhillips booked adjusted earnings of $2.7 billion, or $2.09 per share, for the first quarter, up from adjusted earnings of $2.4 billion, or $2.03 per share, for the same period of 2024.

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From the Heart—and the Stove: A Mother’s Day Made with Natural Gas

American Gas Association

News True Blue Blog Where energy conversations come to life. Moms do so much for their families. These incredible women shape our lives with love, strength, and seemingly endless patience. While there are many ways to thank our moms and motherly figures for all they do, theres nothing quite as special as a thoughtful meal made just for her. Whether its breakfast in bed, a family brunch, or a special dinner, cooking for the Moms and mom figures in your life is a personal and meaningful way to say

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U.S. Sanctions Disrupt Chinese Teapots’ Purchases of Iranian Oil

OilPrice

Independent Chinese refiners have started to experience difficulties in procuring cheap Iranian crude oil while others have stopped purchases from Iran, after the United States sanctioned two independent refiners in the past two months, sources with knowledge of the issue have told Reuters. Chinese crude oil imports topped 12 million barrels per day (bpd) in March, the highest volume since August 2023, as flows of Iranian and Russian crude rebounded from the lows seen early this year with the U.

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Select Water Solutions Announces First Quarter 2025 Financial, Operational and Strategic Updates

Oil & Gas 360º

Select Water Solutions Announces First Quarter 2025 Financial, Operational and Strategic Updates …

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Russia Claims Active Talks With China on New Gas Pipeline Are Underway

OilPrice

Russia is in an active stage of talks with China over the Power of Siberia 2 gas pipeline to bring more Russian gas to China, Russias Energy Minister Sergei Tsivilev said while Chinese President Xi Jinping is visiting Moscow. Despite the touted active talks, it is unlikely that Russia and China will sign an agreement on the proposed gas pipeline before May 9, Russian news agency TASS quoted Tsivilev as telling reporters.

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This 6% Dividend Stock Is Trading at a Discount

Oil & Gas 360º

2025-05-06 10:00:00 ET Canadian Natural Resources ( TSX:CNQ ) is down 12% in 2025, …

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China's Clean Energy Boom Spells Trouble for Central Asia's Gas Giants

OilPrice

Chinas rapid embrace of renewable energy is bad news for natural gas producers like Russia, Turkmenistan, and Kazakhstan. But it might have decent ramifications for Uzbekistans clean energy agenda. China controls over 70 percent of global manufacturing capacity in every major category of clean energy production except hydrogen electrolyzers, according to a recently published research report produced by BloombergNEF, titled EnergyTransitionSupplyChains 2025.

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ING revises oil price forecast downward due to higher OPEC output

Oil & Gas 360º

2025-05-06 06:13:34 ET OPEC+’s decision to aggressively increase oil supply will…

Oil 130
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Wafer and Cell Prices Slightly Decline; Industry-Wide Production Cuts Aim to Stabilize the Price

EnergyTrend

Wafer and Cell Prices Slightly Decline; Industry-Wide Production Cuts Aim to Stabilize the Price PolysiliconThemainstreamconcludedpriceformonorechargepolysiliconisRMB39/KG,whilemonodensepolysiliconispricedatRMB37/KGandN-typepolysiliconiscurrentlyp.

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Brent crude oil price forecast by Citi, Goldman Sachs, and Morgan Stanley

Oil & Gas 360º

2025-05-06 04:18:59 ET Brent crude oil price remained under pressure this week as conce…

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465MW/1.86GWh! Proposed to Invest in Asia's Largest Energy Storage Project

EnergyTrend

465MW/1.86GWh! Proposed to Invest in Asia's Largest Energy Storage Project AccordingtoWechatOfficialAccount@EnergyStorage001,RelianceNUSuntech,asubsidiaryofIndia'sRelianceEnergy,hasannouncedthatitwillbuilda930-megawattalterna.

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Oil price plunge hits 4-year low, promising cheaper summer gas for US drivers

Oil & Gas 360º

2025-05-06 02:18:06 ET Oil prices have entered a sharp decline, hitting their lowest le…

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Scatec's 1.1GW Photovoltaic and Energy Storage Project in Egypt Commences Construction!

EnergyTrend

Scatec's 1.1GW Photovoltaic and Energy Storage Project in Egypt Commences Construction! AccordingtoWechatOfficialAccount@ziliaokuzxx,NorwegiancompanyScatecASAhasinitiatedtheconstructionofthe1.1GWObelisksolarprojectinEgypt,accompaniedbythe.

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International Petroleum Corporation Announces First Quarter 2025 Financial and Operational Results

Oil & Gas 360º

TORONTO, May 06, 2025 (GLOBE NEWSWIRE) — William Lundin, IPC’s President and Chief Executive Off…

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LONGi Green Energy: BC Second-Generation Capacity to Increase to 50GW by Year-End!

EnergyTrend

LONGi Green Energy: BC Second-Generation Capacity to Increase to 50GW by Year-End! AccordingtoWechatOfficialAccount@DNE,onMay7th,LONGiGreenEnergyreleasedtheinvestorrelationsactivityrecordofitsperformancebriefing.Thecompany'sChairmanZ.

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