Wed.Apr 09, 2025

article thumbnail

Colorado Utility Develops First Large-Scale Battery Storage System

POWER Magazine

Colorado-based wholesale public power provider Platte River Power Authority announced it is working with Weld Energy Storage, a subsidiary of NextEra Energy Resources, to develop the electric utility's first large-scale battery energy storage project. The post Colorado Utility Develops First Large-Scale Battery Storage System appeared first on POWER Magazine.

Utilities 295
article thumbnail

American Shale Chief Tells Peers to Stop Drilling 'Right Away"

OilPrice

Shale boss Bryan Sheffield, the son of Pioneer Natural Resources founder Scott Sheffield, appears to have called on Americas shale drillers to cut drilling immediately, as Brent crude flirts with prices below $60 and WTI falls to $57/barrel.

Casing 363
Insiders

Sign Up for our Newsletter

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

article thumbnail

DOE Allocates First Round of HALEU to Five U.S. Advanced Nuclear Reactor Developers

POWER Magazine

In a critical step aimed at bolstering advanced reactor development and their domestic nuclear fuel readiness, the U.S. Department of Energy (DOE) has issued its first round of allocations for […] The post DOE Allocates First Round of HALEU to Five U.S. Advanced Nuclear Reactor Developers appeared first on POWER Magazine.

Energy 257
article thumbnail

China Expands Arms Sales in Central Asia

OilPrice

China has succeeded in muscling aside Russia as Central Asias top trade partner. Now, Beijing appears intent on capturing a share of the regional arms market. Until very recently, China was a non-factor as an arms supplier to Central Asian states. For most of the post-Soviet era, Russia dominated the regional arms market, especially sales to Kazakhstan, Tajikistan and Uzbekistan.

306
306
article thumbnail

Making a Difference: Near Miss

American Gas Association

News True Blue Blog Utilities are adopting game-changing platforms to seamlessly integrate field services with customer serviceboosting both customer and employee satisfaction Where energy conversations come to life. As he was driving down Highway 501 on the way back to Florence from a job in Myrtle Beach, South Carolina, Stephen Ricky Smith missed his exit.

article thumbnail

US Gasoline, Distillate Inventories Fall As Oil Prices Sink

OilPrice

Crude oil inventories in the United States saw an increase of 2.6 million barrels during the week ending April 4, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading sharply down prior to the crude data release by the U.S. Energy Information Administration, continuing their slide after another volley in the tariff war between the United States and China was manifest in an announcement of 84% tariffs levied on the US beginning

article thumbnail

Six lessons of successful North Sea oil and gas projects

Energy Voice

The North Sea Transition Authority (NSTA) looked at almost 30 projects and found out why some came in on time and under budget compared to those that were delayed and overspent by billions: Here are the lessons. The post Six lessons of successful North Sea oil and gas projects appeared first on Energy Voice.

Gas 235

More Trending

article thumbnail

PA EQB Votes to Delay Consideration of Marcellus-Banning Setbacks

Marcellus Drilling News

Yesterday, the Pennsylvania Environmental Quality Board (EQB) was scheduled to consider accepting a petition by radical green groups, including the Clean Air Council and Environmental Integrity Project, to “study” the issue of increasing setbacks for shale drilling so far it would ban ALL new Marcellus/Utica drilling in the Keystone State.

IT 222
article thumbnail

Nickel Prices Plummet to 2020 Lows

OilPrice

Via Metal Miner The Stainless Monthly Metals Index (MMI) remained sideways, with an upside bias. Meanwhile, nickel prices dropped to lows last seen in 2020. Overall, the index rose by 2.16% from March to April. Buyers Hold Back from Stainless Market The U.S. stainless steel market remains lackluster. While March witnessed a modest increase in shipments, some suppliers noted that the overall market felt weak.

284
284
article thumbnail

Maryland Dems Pass Energy Plan that Restricts New Gas-Fired Power

Marcellus Drilling News

In February, MDN told you that the Democrat leadership in the Maryland state legislature was pushing a bill that would rechristen gas-fired power as green and make it easier to build new gas-fired power plants in the state (see Maryland Dems Open Door for Gas-Fired Power Plants, Call it Green). We had high hopes that.

Gas 213
article thumbnail

RIN Prices and Tax Credits Weigh on Biofuel Revenue

OilPrice

Most US biofuel production numbers are clearly on track to end the first quarter of this year in negative territory either on a quarter-over-quarter or year-over-year basis, Rystad Energy analysis suggests. The US Environmental Protection Agency (EPA) published the updated statistics for the Renewable Fuel Standard (RFS) program on 20 March covering the supply, trade and price dynamics for February 2025.

Energy 264
article thumbnail

Another Data Center Announced for SWPA; Range to Provide NatGas

Marcellus Drilling News

History is being made. Last week, MDN brought you the exciting news that THE largest gas-fired power plant in the country, along with a MASSIVE data center complex, will be built at a former coal-fired power plant site in Indiana County, PA (see Largest Gas-Fired Power Plant in the U.S. Coming in Western Pa.). The.

Gas 206
article thumbnail

Oil and Gas Industry Bets on Low-Cost Quick-Pay Exploration

OilPrice

Oil and gas companies are looking to get the most bang for their buck in exploring for hydrocarbon resources. Those lucky enough to have made an early bet on what are now the huge frontier plays, such as Guyana, are seeing exploration expenditures and efforts pay off with large oil and gas discoveries. All others are looking to make the best out of existing infrastructure and explore and drill in well-developed areas close to producing fields and platforms to take advantage of the lower costs fo

Gas 260
article thumbnail

Massive 3 GW SWPA Gas-Fired AI/Data Center Builder to Speak at Conf

Marcellus Drilling News

MDN has written numerous posts about AI (artificial intelligence) and the data centers that provide the computing power AI requires. Why? AI data centers use enormous amounts of electricity, most of which is generated by natural gas-fired power plants. Some 25% of all the data centers currently operating in the country are located in northern.

Gas 179
article thumbnail

Chevron Expands Triple-Frac to Half of Its Permian Wells

OilPrice

Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters, amid efforts to reduce the costs and times of fracking at the worlds top shale basin. Chevron plans to use triple-frac on between 50% and 60% of its wells in the Permian, up from 20% of wells triple-fracked last year, Jeff Newhook, a completions operations manager at the U.S. supermajor, told Reuters in an i

IT 238
article thumbnail

US Weekly Oil Data (With a summary of oil outlook for 2025 and 2026 in light of recent developments)

Energy Outlook Advisors

April 9, 2025 Subscribe now IN DETAIL US crude oil inventories rose by 2.553 mb to 442.3 mb last week, per the EIA (Figure 1). Cushing inventories declined by 0.681 mb to 25.759 mb. US Strategic Petroleum Reserves grew by 0.276 mb to 396.7 mb. Gasoline inventories fell by 1.6 mb to 236 mb. Distillate inventories dropped by 3.544 mb to 111.1 mb. US crude imports decreased by 277 mb/d to 6.189 mb/d last week.

Oil 177
article thumbnail

Brent Crashes Below $60 as U.S.-China Tariff War Escalates

OilPrice

Oil prices plunged early on Wednesday as China retaliated to the U.S. tariff of 104% on Chinese goods, and Brent Crude sank to below $60 per barrel for the first time in four years. As of 8:31 a.m. EDT, the front-month Brent Crude futures prices were plummeting by 5.25% at $59.46. The U.S. benchmark, WTI Crude, plunged by 5.59% to $56.09, close to the $55 per barrel mark.

Barrel 227
article thumbnail

Progress and pitfalls on the path to zeroing out the UK’s carbon emissions

Energy Voice

Notable progress in reducing emissions is being made, but the window to achieve net zero by 2050 is closing fast, and critical hurdles remain. The post Progress and pitfalls on the path to zeroing out the UKs carbon emissions appeared first on Energy Voice.

Energy 166
article thumbnail

Data Center Boom Sparks Utility Spending—But How Real Is the Demand?

OilPrice

There is no doubt that AI advancements and data centers will be sucking up more electricity in the coming years, and power demand in the United States will grow after a decade of stagnation. Whats in doubt is how much additional power-generating capacity the AI boom will need and how electric utilities will navigate through the complex supply-demand balances in various regions.

Utilities 225
article thumbnail

This Spring Save Money, Stay Safe, Call 811 

American Gas Association

News True Blue Blog Where energy conversations come to life. Spring is here! As the weather warms and we start to see cold snaps in the rearview mirror, using natural gas in your home can provide opportunities to save energy and save on your energy bill. With temperatures trending up, it may be time to lower the temperature on your natural gas water heater.

article thumbnail

Saudi Aramco Makes 14 New Discoveries as Oil Prices Bite

OilPrice

Saudi Aramco, the Kingdoms giant national oil company, on Wednesday, announced the discovery of 14 new oil and natural gas that could add over 80 million cubic feet of gas per day and over 8,000 barrels of oil per day to Saudi Arabias fossil fuels expansion efforts, Arab News reports.

Oil 212
article thumbnail

New Study Finds Electric Usage to Grow 50% by 2050 – Massive!

Marcellus Drilling News

Electricity demand in the United States will increase 2% annually and 50% by 2050, according to a new study conducted by PA Consulting and released by the National Electrical Manufacturers Association (NEMA). That is massive! For the past 20 years, the U.S.’s electricity generation and use have remained virtually unchanged. This new study shows a.

article thumbnail

Aramco and Sinopec to Expand Petrochemicals Plant in Saudi Arabia

OilPrice

Saudi oil giant Aramco and Chinas top refiner, Sinopec, will expand a joint venture petrochemicals complex in Saudi Arabia under an agreement signed on Wednesday. Aramco and China Petroleum & Chemical Corporation, as Sinopec is known, own the Yanbu Aramco Sinopec Refining Company (Yasref) on the west coast of Saudi Arabia, with Aramco holding 62.5% and Sinopec 37.5% in the venture.

Petroleum 202
article thumbnail

Media advisory: Setting a bold ambition, Canada could be the number one exporter of liquefied natural gas to Asia

BOE Report

CALGARY, Alberta, April 09, 2025 (GLOBE NEWSWIRE) — Media Advisory TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announces that Franois Poirier, TC Energys President and Chief Executive Officer, will deliver a keynote address to the Canadian Club Toronto on the countrys time-bound opportunity to fortify its economic sovereignty, build its [Read more]

article thumbnail

Equinor Expects Weak Oil and Gas Trading for Q1

OilPrice

Equinor advised analysts on Wednesday to expect weak liquids and LNG trading results for the first quarter of the year, as its Marketing, Midstream & Processing (MMP) division is also set to incur a hit of about $100 million of costs of drilling of carbon capture and storage (CCS) appraisal wells. In a notice to analysts inviting them to submit forecasts for Q1, the Norwegian energy major issued a preliminary trading update on the factors expected to influence its first-quarter results, which wi

Midstream 164
article thumbnail

EVE Energy's 30GWh Project "Approved"

EnergyTrend

EVE Energy's 30GWh Project "Approved" AccordingtoOfficialAmmount@qd-Lib,onApril8th,EVEEnergyannouncedthatitswholly-ownedsubsidiary,EVEHungary,recentlyreceivedabuildingpermitdecisionissuedb.

Energy 130
article thumbnail

Chevron expands triple-frac to half of its Permian wells

Oil & Gas 360º

(Oil Price) – Chevron will boost the so-called triple fracs fracturing three wells with one frac spread at one time to more than half of its wells in the Permian basin, a Chevron executive told Reuters , amid efforts to reduce the costs and times of fracking at the worlds top shale basin. Chevron plans to use triple-frac on between 50% and 60% of its wells in the Permian, up from 20% of wells triple-fracked last year, Jeff Newhook, a completions operations manager at the U.S. supermajor,

IT 130
article thumbnail

NDRC and NEA Issue Guidance on Accelerating the Development of Virtual Power Plants

EnergyTrend

NDRC and NEA Issue Guidance on Accelerating the Development of Virtual Power Plants OnApril8th,theNationalDevelopmentandReformCommission(NDRC)andtheNationalEnergyAdministration(NEA)jointlyissuedthe"GuidingOpinionsonAcceleratingtheDeve.

Energy 130
article thumbnail

At the Heart

American Gas Association

News True Blue Blog Utilities are adopting game-changing platforms to seamlessly integrate field services with customer serviceboosting both customer and employee satisfaction Where energy conversations come to life. Natural gas utilities celebrating more than 100 years in business have this in common: a commitment to customer needs that has fostered strong customer engagement and lasting business success.

Utilities 130
article thumbnail

800MWh Grid-forming Energy Storage Project Signed!

EnergyTrend

800MWh Grid-forming Energy Storage Project Signed! AccordingtoOfficialAmmount@sjchuneng,recently,TrinaSolarhasofficiallysignedacooperationagreementwiththeManagementCommitteeofBeichuanIndustrialParkinDa.

Energy 130
article thumbnail

Field Goals 

American Gas Association

News True Blue Blog Utilities are adopting game-changing platforms to seamlessly integrate field services with customer serviceboosting both customer and employee satisfaction Where energy conversations come to life. When field services and customer service come together successfully, theres no telling what might happen. For Citizens Energy Group, a delighted customer surprised a technician by popping up behind him because she was so excited to know his exact arrival timeand to see him actually

Field 130
article thumbnail

Annual Production Capacity of 1GW! Another PV Module Factory in North America Commences Construction

EnergyTrend

Annual Production Capacity of 1GW! Another PV Module Factory in North America Commences Construction AccordingtoOfficialAmmount@PVTechCN,accordingtoforeignmediareports,Solx,aninternationalphotovoltaicmodulemanufacturer,hasannouncedtheconstructionofaso.

130
130
article thumbnail

Core Finance CEO Interview: Robert Bose of Sintana Energy

Malcolm Graham Wood

Malcy talks to Robert Bose from Sintana Energy, a public oil and natural gas exploration company listed on the Toronto Venture Exchange. The post Core Finance CEO Interview: Robert Bose of Sintana Energy appeared first on Malcy's Blog.

Finance 130
article thumbnail

Energy Storage After Mandatory Pairing: Revenue Loss from Leasing, Policy Support Needed

EnergyTrend

Energy Storage After Mandatory Pairing: Revenue Loss from Leasing, Policy Support Needed AccordingtoOfficialAmmount@PVMEN,theissuanceofDocumentNo.136hasnotonlybroughtamajorshocktothenewenergyindustryrepresentedbywindandsolarpower,butalsose.

Energy 130
article thumbnail

U.S. crude oil inventories increase by 2.6 million barrels

Oil & Gas 360º

Weekly Crude Oil Storage as of April 4, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 2.6 million barrels from the previous week. At 442.3 million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 4, 2025.

Crude Oil 130
article thumbnail

April 2025 Photovoltaic Module Capacity Utilization Rate: Upward Trend Driven by Policy and Market

EnergyTrend

April 2025 Photovoltaic Module Capacity Utilization Rate: Upward Trend Driven by Policy and Market PolicyStimulusDrivesStrongReboundinCapacityUtilizationThefirsthalfof2025marksacrucialpolicyjunctureforthephotovoltaic(PV)industry.TheNationalDevelopme.

Utilities 130
article thumbnail

APA curtails US natgas and NGL production in first quarter on weak prices

Oil & Gas 360º

(BOE Report) – Oil and gas firm APA said on Wednesday it curtailed about 8 million cubic feet per day of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices. In January, APA said it reduced production by about 23,500 barrels of oil equivalent per day (boepd) in the fourth quarter.