Thu.Jun 05, 2025

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Hitachi, Southwest Power Pool Join to Develop AI-Based Grid Solution

POWER Magazine

The Southwest Power Pool (SPP) regional transmission organization (RTO) is joining with energy technology company Hitachi on development of what the groups say is an artificial intelligence (AI)-based solution to support power transmission reliability and flexibility challenges. The post Hitachi, Southwest Power Pool Join to Develop AI-Based Grid Solution appeared first on POWER Magazine.

Energy 147
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IEA sees 2025 energy investment hitting $3.3 trillion

Oil & Gas 360º

(Oil Price) – Energy investments this year are set to hit $3.3 trillion on the back of a strong increase in spending on things such as wind and solar, the International Energy Agency has forecast. In its latest World Energy Investment report, the agency also said that China will cement its position as the top energy investor globally this year.

Energy 130
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Revolutionizing ERCOT Power Grid Forecasting with Enverus New Model

Enverus

The Electric Reliability Council of Texas (ERCOT) manages one of the most dynamic and complex power grids in the United States, serving over 26 million customers across Texas. Forecasting energy demand and supply in this region is no small feat. From extreme weather events like Winter Storm Uri to the rapid growth of renewable energy sources, ERCOT’s grid faces unique challenges that make accurate forecasting critical, yet difficult.

E&P 130
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World Environment Day: Caring For Our Environment and Energy Future

American Gas Association

News True Blue Blog A PG&E-supported program is serving as a model to help young people gain financial literacy Where energy conversations come to life. On World Environment Day, people across the globe take time to reflect on the ways that we can help safeguard our environment for future generations. The energy sector plays a critical role in the future of reducing emissions, while also providing the essential energy customers and communities need.

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Canada’s Vermilion Energy Exits U.S.

OilPrice

Calgary-based Vermilion Energy Inc. will sell its assets in the United States for $88 million (C$120 million), which will complete its exit from the U.S. and allow it to reduce debt and focus on natural gas assets in Canada and Europe. The assets in the sale consist of about 5,500 barrels of oil equivalent per day boe/d of production, of which 81% is oil and liquids, as well as 10 million barrels of oil equivalent of proved developed producing reserves, Vermilion Energy said on Thursday.

Energy 274
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CanCambria Energy Corp. Announces Trading on the OTCQB Venture Market in the United States

Oil & Gas 360º

(Oil & Gas 360) – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) ( “CanCambria” or the “Company” ) is pleased to announce that its common shares commenced trading today on the OTCQB Venture Market (“OTCQB”) under the symbol “CCEYF”. The Company’s common shares continue to trade on the TSX Venture Exchange in Canada under the symbol “CCEC”.

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Sustainable Aviation Fuel Faces Uphill Battle To Become Mainstream

OilPrice

Sustainable aviation fuel (SAF) is the most promising lever known today to accelerate progress toward a net zero future, says Delta Air Lines. The clean jet fuel, which can be made from used cooking oil, wastes, or plants, reduces carbon dioxide (CO2) emissions by up to 80%, the aviation industry says. However, SAF faces many challenges on the runway to take off.

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MIT Technology Could Slash Energy Use in Oil Refining by 90%

OilPrice

Engineers at MIT have developed a new approach to crude oil fractionating that could slash the amount of energy needed for processing the crude into different fuels by as much as 90% in a breakthrough that could revolutionize fuel production. MIT engineers have developed a membrane that can filter the components of crude oil based on their molecular size, eliminating the need for crude oil distillation, which is highly energy-intensive.

Crude Oil 268
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NJ Considers Permits to Expand LPG Storage Caverns in Gibbstown

Marcellus Drilling News

Three years ago, in May 2022, MDN brought you the surprising news that ethane, propane, and butane (NGLs) were being exported from a facility in Gibbstown, NJ, located along the Delaware River, at a former DuPont dynamite factory site (see Former NJ DuPont Dynamite Factory Near Philly Exporting NGLs). It is the same site that.

IT 231
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Russia Keeps Oil Production Below OPEC+ Quota

OilPrice

Russian crude oil production stayed just below the countrys quota in the OPEC+ agreement in May, unidentified sources with knowledge of the data told Bloomberg on Thursday. Russia classified its oil and gas production data in early 2022, shortly after the invasion of Ukraine. Therefore, the market relies on ship-monitoring data to track exports, anonymous sources familiar with the actual numbers, and calculations based on observed exports and domestic refining.

Oil 257
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Expand Energy Drills US’s Longest Well & Longest Lateral in WV

Marcellus Drilling News

The Southwest Appalachia drilling team for Expand Energy, the newly combined company created when Chesapeake Energy merged with Southwestern Energy, claims it has drilled the U.S.s longest on-shore well and longest on-shore lateral to date at more than five miles. The BW Edge MSH 210H was recently drilled in Marshall County, West Virginia. We say.

Energy 206
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Energy Promises Fade as Iraq Faces a Long Hot Summer

OilPrice

The ambitious plans of Iraqi Prime Minister Al-Sudani to reinvigorate paused agreements and forge new initiatives in the states vitality sectors with the worlds energy giantsfrom Eastern Asia to Europe and the U.S.were seen as potential drivers for achieving energy independence and rapid development. These moves also seemed to bolster his bid for a second term as Prime Minister.

Energy 254
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Petronas to Cut 10 Pct of Workforce on Profit Slump

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 $64.58 +1.91% Brent Crude $66.47 +1.73% Natural Gas $3.78 +2.91% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

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Europe’s Natural Gas Prices Rise Amid Maintenance in Norway

OilPrice

Europes benchmark natural gas prices rose early on Thursday as the maintenance season on gas infrastructure in Norway, the top supplier to Europe, began. Dutch TTF Natural Gas Futures, the benchmark for Europes gas trading, were rising by 2% as of 12:15 p.m. Amsterdam time on Thursday. Yearly maintenance works started this week on the Kollsnes gas processing plant in Norway, which limits pipeline gas flows to Europe from Norway, its single largest gas supplier.

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MDN’s Energy Stories of Interest: Thu, Jun 5, 2025 [FREE ACCESS]

Marcellus Drilling News

OTHER U.S.

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Iraq Says Kurdistan Is Legally Responsible for Oil Smuggling

OilPrice

Iraqs federal government holds the Kurdistan Regional Government (KRG) legally responsible for continued oil smuggling operations from Kurdistan outside Iraq, the Iraqi Oil Ministry said on Thursday. The ministry reserves the right to continue to take all legal actions in this regard, it added in a press release, in which it called on the Kurdistan Region Government once again to comply with the Iraqi Constitution, the Decisions of the Federal Court and the other relevant laws, including the Gen

Oil 216
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ICN Tries to Stoke Fear of “Radioactive” Frack Waste at PA Landfill

Marcellus Drilling News

The propagandists at the partisan Inside Climate News are doing their best to plant the false notion that drill cuttings and frack wastewater coming from shale wells are “radioactive.” Their latest effort in this regard is to defeat the reopening of a landfill in Mercer County, PA. The Grove City landfill would accept drill cuttings.

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6 tips to avoid a breakdown in communication

SmartBrief

Communication breakdowns occur daily. Essential details are lost, ideas are misunderstood and assumptions rush in to fill the void left by a lack of clarity. The result? Frustration, wasted time, missed opportunities and preventable mistakes. Consider this: A manager tells a team member, “Get me that report as soon as possible.” The employee assumes “ASAP” means by the end of the week.

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Texas Removes BlackRock from Banned List After Co. Axes Net-Zero

Marcellus Drilling News

BlackRock, the world’s largest investment firm with some $9 trillion of assets under management, has managed to get itself removed from the poopy list in Texas by ending its participation in a number of so-called ESG (environment, social, governance) groups and by groveling before Texas officials. The Texas Permanent School Fund (PSF) pulled $8.5 billion.

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China’s Coal Power Plant Approvals Rebound

OilPrice

After last years first annual decline in coal power plant approvals since 2021, the Chinese pipeline of newly-approved coal-fired electricity generation rebounded in early 2025, Greenpeace East Asia said in new research on Thursday. China approved 11.29 gigawatts (GW) of new coal power capacity in the first quarter of 2025, Greenpeaces review of official documents showed.

Pipeline 155
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U.S. Denies Permit for Enterprise to Export Ethane Cargoes to China

Marcellus Drilling News

Two days ago, RBN Energy reported that ethane and butane exports for Enterprise Products Partners and possibly other NGL exporters were in doubt following a notice received by Enterprise from the U.S. Bureau of Industry and Security (BIS) flagging such exports to China as a security risk (see Ethane and Butane Exports to China in.

Energy 161
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Canadian regulator says Prince Rupert Gas Transmission pipeline project has started

BOE Report

British Columbia’s Environmental Assessment Office has determined that work on the Prince Rupert Gas Transmission natural gas pipeline project has been substantially started, the provincial government said on Thursday.

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SouthStar Uses MiQ MethaneScout to Track Supply Chain Emissions

Marcellus Drilling News

MiQ is one of two major gas certification authorities that certify low methane emissions and is used by nearly every Marcellus/Utica driller. In October 2023, MDN brought you information about the two major gas certification authorities, MiQ and Project Canary, and the effort by drillers to get their gas officially certified as responsibly sourced (see.

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NuScale’s 77-MWe SMR Clears NRC Review, Sets Stage for First Firm Order

POWER Magazine

The Nuclear Regulatory Commission (NRC) has approved NuScale Powers uprated 77-MWe (250-MWth) small modular reactor (SMR) design, clearing the nuclear technology firms second standard design approval (SDA). The development marks […] The post NuScales 77-MWe SMR Clears NRC Review, Sets Stage for First Firm Order appeared first on POWER Magazine.

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Data centers: The race to power AI

McKinsey

Yes, AI has tremendous potential—but it also has tremendous implications for investments in power, real estate, and more. Here’s what leaders need to know now in the face of rapidly rising demand.

IT 88
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Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. As a regulator of the nation’s largest oil and natural gas producing state, I’ve seen these scary headlines many times before, but here’s the good news: they are always wrong.

Oil 130
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Texas Senate Bill 6 | Stabilizing the Grid in the Load Star State

Enverus

In response to the data center boom, the Texas House recently passed Senate Bill 6, which promotes oversight of large loads (exceeding 75 MW), particularly those with behind-the-meter generation. The measure aims to stabilize the grid in ERCOT through initiatives such as a demand response program, empowering regulators to temporarily disconnect large loads and enhancing data collection for load forecasts.

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Weekly Gas Storage: Inventories increase by 122 Bcf

Oil & Gas 360º

Natural Gas Inventories as of May 30, 2025 The EIA has released its natural gas inventory report, showing a net increase of 122 Bcf as of May 30, 2025. Working gas in storage was 2,598 Bcf as of Friday, May 30, 2025, according to EIA estimates. This represents a net increase of 122 Bcf from the previous week. Stocks were 288 Bcf less than last year at this time and 117 Bcf above the five-year average of 2,481 Bcf.

BCF 130
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Polysilicon Prices Forced to Decline; Solar PV Prices Unlikely to Stabilize Before SNEC

EnergyTrend

Polysilicon Prices Forced to Decline; Solar PV Prices Unlikely to Stabilize Before SNEC PolysiliconThisWeek'sPrices:Thisweek,themainstreamconcludedpriceformonorechargepolysiliconisRMB36.5/KG,whilemonodensepolysiliconispricedatRMB34.0/KGan.

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Cisco U. Theater: Where Innovation Meets Learning at Cisco Live San Diego

Cisco: Oil & Gas

Explore this year's stellar lineup of Cisco U. Theater sessions at Cisco Live 2025 San Diego.

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Ending Well, Leading Forward: How Behavioural Coaching Transformed a Complex Offshore Decommissioning Project

Offshore Energies UK

The post Ending Well, Leading Forward: How Behavioural Coaching Transformed a Complex Offshore Decommissioning Project appeared first on Offshore Energies UK (OEUK).

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USA Crude Oil Inventories Drop 4.3 Million Barrels Week on Week

Rigzone

Crude oil stocks, not including the SPR, stood at 436.1 million barrels on May 30, the EIA's latest weekly petroleum status report showed.

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Vermilion Energy Inc. Announces Agreement to Sell United States Assets and Provides Updated 2025 Guidance

BOE Report

CALGARY, AB, June 5, 2025 /CNW/ – Vermilion Energy Inc. (“Vermilion” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce that it has entered into a definitive agreement for the sale of its United States assets (the “Assets”) for cash proceeds of $120 million (the “Transaction”).

Energy 82
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Uniper Workers Ramp Up Pressure on Government to Rule Out Sale

Rigzone

Uniper's labor representatives are ramping up the pressure on the German government to decide against an outright sale and instead list the utility on the stock market.

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Competition Bureau releases final anti-greenwashing guidelines

BOE Report

The Competition Bureau has released its final anti-greenwashing guidelines after considering more than 400 responses to the legislation that took effect about a year ago. “While a lot of the feedback in the submissions is reflected in the final guidance, some is not,” the bureau said in a backgrounder accompanying Thursday’s announcement.

IT 58
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There Have Been 2 Significant OPEC+ Decisions in the Past Week

Rigzone

There have been two significant OPEC+ decisions in the past week, analysts at Standard Chartered Bank said.

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IMP anuncia su nuevo sitio comercial

Oil & Gas Magazine

La estructura comercial del IMP est organizada en cuatro reas de negocio: Exploracin y Produccin; Ingeniera y Servicios; Transicin Energtica; Capacitacin y Desarrollo El Instituto Mexicano del Petrleo ( IMP ) anunci que su nuevo sitio comercial es una ventana al portafolio de servicios, capacidades y soluciones especializadas que ofrecen a la industria energtica nacional e internacional , fortaleciendo su compromiso con la innovacin tecnolgica y el desarrollo sostenible del sector energtico.

E&A 80