Mon.Jun 23, 2025

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China Smashes Solar Installation Record

OilPrice

China installed its highest solar power capacity for a single month in May, according to official data, which showed mind-boggling figures that the country installed more solar capacity in a month than any other nation did for the entire 2024. With 93 gigawatts (GW) of solar capacity installed in May, China smashed its own record of 71 GW in December 2024, per data from the National Energy Administration cited by Bloomberg.

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GE Vernova, IHI Launch Test Hub to Enable 100% Ammonia Combustion in F-Class Gas Turbines by 2030

POWER Magazine

Japanese integrated heavy industry group IHI Corp. and GE Vernova have inaugurated a new Large-Scale Combustion Test (LCT) facility at IHI’s Aioi Works in Hyogo, Japan, marking a pivotal step in their joint effort to commercialize gas turbine combustors capable of burning up to 100% ammonia by 2030. The facility will accelerate full-scale prototype testing […] The post GE Vernova, IHI Launch Test Hub to Enable 100% Ammonia Combustion in F-Class Gas Turbines by 2030 appeared first on POWER

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Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

(World Oil) – Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal.

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U.S. Energy Exports Highest in History @ 30.9 Quadrillion BTUs

Marcellus Drilling News

The United States continued to produce more energy than it consumed in 2024. This surplus energy production helped energy exports grow to a record high 30.9 quadrillion British thermal units (quads) in 2024, up 4% from 2023. Energy imports remained flat at 21.7 quads in 2024, indicating that the United States exported 9.3 quads more.

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Norway Identifies Four More Sites for Offshore Wind Development

Offshore Engineer

Norway's energy regulator has identified four more areas as most suited for future offshore wind development, it said on Monday, with the government now consulting…

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How Digital Modeling of Materials Will Make Next Generation Nuclear Possible

POWER Magazine

A revolution is underway in the nuclear energy sector. For the first time in decades, the field is brimming with urgency, ambition, and capital. Buoyed by growing energy demands, geopolitical recalibration, and climate pressures, nuclear power is undergoing a renaissance, one that will be driven not just by next-generation reactor designs, but by the materials […] The post How Digital Modeling of Materials Will Make Next Generation Nuclear Possible appeared first on POWER Magazine.

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LNG Canada Makes First Batch for Export

OilPrice

LNG Canada, the country’s first export facility for the fuel, has produced its first batch and plans on shipping it by mid-year, the company said, with unnamed sources telling Reuters the plant was only operating partially due to a problem with its first, and only operational, train. The publication added that an LNG carrier was en route to Kitimat—the export terminal for LNG Canada—per information from LSEG.

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The Strait of Hormuz: What It Is, Where It Is, and Why It Matters

OilPrice

Of all the vast oceans and seas that cover our planet, no single waterway holds more influence over the global economy than a narrow, 21-mile-wide channel of water separating Iran from the Arabian Peninsula. Every day, a silent, steady procession of the world's largest supertankers navigates this passage, a liquid pipeline carrying a fifth of the entire world's oil supply.

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Eni sells 20% in its $14-billion low carbon business Plenitude

Oil & Gas 360º

Publisher’s Note: Eni will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. (Oil Price) – Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 billion (12 billion euros).

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Aibel to Provide Maintenance Services for Two Vår Energi’s Oil and Gas Fields

Offshore Engineer

Aibel and Vår Energi have signed a framework agreement for maintenance and modifications (M&M) for the Goliat and Gjøa fields on the Norwegian continental shelf…

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UK Government to Slash Industrial Energy Costs

OilPrice

The government plans to slash industrial energy prices for British manufacturers, enabling them to better compete with key European rivals. Ministers will unveil a multibillion pound package of taxpayer-funded support for the UK’s most energy intensive industries, as part of the government’s industrial strategy on Monday, according to reports.

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Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Offshore Engineer

Woodside Energy Trading Singapore and JERA have entered into a nonbinding heads of agreement (HOA) for the sale and purchase of LNG cargoes during Japan’s peak winter period…

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Homegrown energy must power the UK’s modern Industrial Strategy

Offshore Energies UK

Leading trade body Offshore Energies UK has today responded to the publication of the government’s Industrial Strategy , which sets out a ten-year plan for Britain’s industrial sectors. The strategy, which includes a Clean Energy Industries Sector Plan, focuses on eight priority sectors where the UK is already strong and there is potential for faster growth.

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Eni Reduces Staff at Iraqi Oilfield as Middle East Conflict Escalates

OilPrice

Amid the escalating conflict in the Middle East, Italian energy major Eni has reduced the number of staff at the Zubair oil and gas field in Iraq as a precautionary measure, an Eni spokesperson told Reuters on Monday. The Israel-Iran conflict that began earlier this month took a major turn this weekend after the U.S. bombed three Iranian nuclear sites – at Fordow, Natanz, and Isfahan – and warned the Islamic Republic that retaliation against U.S. troops in the region or any other retaliation wou

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ABS: Floating CO₂ Injection Facilities Report

Offshore Engineer

As offshore carbon capture and storage (CCS) gains momentum, floating CO₂ injection facilities are emerging as a key solution for large-scale operations.

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Eni Sells 20% in Its $14-Billion Low Carbon Business Plenitude

OilPrice

Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 billion (12 billion euros). Under the agreement, global alternative investment manager Ares Management will buy 20% in Plenitude for $2.3 billion (2 billion euros), Eni said on Monday.

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Woodside Secures Preliminary LNG Deal to Supply JERA in Winter Seasons

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 $73.22 -0.84% Brent Crude $76.41 -0.78% Natural Gas $3.73 -3.09% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

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Getting a Line on Wireline

Permian Basin Oil and Gas Magazine

Click here to listen to the Audio verison of this story! Change comes to every sector of the oilfield, working its way through the various niches. Sometimes it comes by technological advance, sometimes by economic realities asserting themselves, sometimes by scarcity—or abundance—of resources. And sometimes it comes from ripple effects of mergers, acquisitions, and other consolidation activity.

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Annual Pa. Natural Gas Impact Tax Revenues Top $164 Million

Marcellus Shale Coalition

Nearly $3 billion generated for Pa. communities to date; Consumer savings top $10 billion in 2024 PITTSBURGH, PA – June 23, 2025 – Pennsylvania’s natural gas impact fee, the state’s tax on natural gas development, generated $164.5 million in 2024, the Pennsylvania Public Utility Commission (PUC) announced today. This brings the 14-year total to more than $3 billion in funds generated by the industry dedicated to community, environmental and infrastructure needs across the Commonwealth.

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Valor | Energy Connection – June 23, 2025

Valor

June 23, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry.

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Oil Markets on Edge as Iran Vows Retaliation

OilPrice

U.S. airstrikes on Iranian territory have sharply raised fears of retaliation that could target key oil infrastructure and shipping lanes. The Strait of Hormuz, a critical oil transit chokepoint, is at the center of concerns over potential supply disruptions. Oil prices initially spiked but remain volatile as markets closely watch for Iran’s next move and possible escalation. 1m ago 9:18am CST Iran Accuses U.S.

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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. According to TIPRO’s analysis, direct Texas upstream employment for May totaled 208,200, an increase of 2,200 industry positions from April employment numbers, subject to revisions.

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Fugro Secures Offshore Wind Site Survey in German North Sea

Offshore Engineer

Fugro has secured contracts to conduct both geophysical and geotechnical site investigations for the development of two large-scale offshore wind farms in the German North Sea…

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How high oil could go if Iran closes the Strait of Hormuz, according to Goldman Sachs and others

CNBC: Energy

Energy analysts warn that investors shouldn't be complacent about the risk to oil supplies as the conflict in the Middle East escalates.

Oil 107
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ENGIE descarbonizará 22 plantas industriales de Airbus

Oil & Gas Magazine

ENGIE permitirá a Airbus reducir el consumo de energía en un 20% y disminuir las emisiones de gases de efecto invernadero de alcance 1 y 2 en un 85% en 22 plantas industriales para 2030 Después de una licitación donde varias empresas compitieron por un contrato de descarbonización de Airbus , la empresa aeroespacial europea eligió a ENGIE para implementar soluciones personalizadas en sus 22 plantas industriales.

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UK Government Promises to Cut Industrial Energy Bills

OilPrice

The Starmer government has promised it would reduce industrial users’ electricity bills by up to 25% from 2027 as part of its energy strategy, due to be released this week. How the cuts will be implemented has not been made clear for the time being, except a statement saying energy intensive industries will be made exempt from certain levies, such as the Renewables Obligation.

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Entropy Enters Definitive Agreement to Purchase Strategic Carbon Storage Assets

Oil & Gas 360º

Publisher’s Note: Advantage Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. (Oil & Gas 360) – CALGARY, AB , June 23, 2025 /CNW/ – Entropy Inc. (“Entropy”), a subsidiary of Advantage Energy Ltd. (“Advantage”), has entered into a definitive agreement to purchase an interest in three carbon hubs from a Canadian oil and natural gas producer for $20

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Oil Prices Tumble as Trump Announces Iran-Israel Ceasefire

OilPrice

Oil prices continue to plunge on Monday afternoon following US President Donald Trump's announcement of a tentative ceasefire between Israel and Iran, significantly reducing geopolitical risk premiums. West Texas Intermediate (WTI) crude for August delivery fell as much as 5.1% to $65.02 per barrel during early trading in Asia, marking its lowest level since before the conflict began on June 13.

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Jotun FPSO Starts Production at Balder Field in North Sea

Offshore Engineer

Vår Energi and Kistos Energy Norway have started production through Jotun floating production, storage and offloading (FPSO) unit at the Balder field in the North Sea…

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Oil Tankers on Edge in the Strait of Hormuz

OilPrice

After U.S. airstrikes on Iran, some oil tankers did U-turns, paused, or avoided spending even a minute longer than necessary when crossing the Strait of Hormuz—the world’s most vital oil flow chokepoint. Iran has hinted that it may block the Strait in retaliation. At least two supertankers made U-turns at the Strait of Hormuz since the U.S. strikes, vessel-tracking data monitored by Reuters showed on Monday.

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EnerMech Awarded Decommissioning Contract by ExxonMobil

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 $73.22 -0.84% Brent Crude $76.41 -0.78% Natural Gas $3.73 -3.09% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

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Pemex normalizará pagos a proveedores en julio: Sheinbaum

Oil & Gas Magazine

Claudia Sheinbaum anunció que Pemex comenzará a normalizar pagos a proveedores en julio, tras reestructuración financiera y un primer abono de 147 mil millones. Durante una gira por Ciudad del Carmen, Campeche, la presidenta Claudia Sheinbaum anunció que a partir de julio se normalizarán todos los pagos pendientes a proveedores de Petróleos Mexicanos (Pemex).

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API 510 Pressure Vessel Inspection Explained

PetroSync

API 510 plays a critical role in ensuring the safety and integrity of pressure vessel used across the oil and gas, and petrochemical industries. These industries depend on high-pressure systems, where even minor failures can lead to serious risks, operational downtime, or costly damage. That’s why regular inspections and maintenance aligned with API 510 standard [.

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U.S. Oil Producers Rushed to Hedge… Just in Time

OilPrice

U.S. oil producers flocked to hedge higher prices for their output for the rest of the year and early into 2026 as international crude oil prices surged earlier this month. Early on June 13 local time, Israel attacked Iranian nuclear facilities and military leadership in coordinated strikes that sent oil prices surging amid concerns that an escalating conflict could disrupt oil flows from the Middle East.

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More data, more demand

McKinsey

As increasing AI workloads fuel growing demand for data center capacity, how can data-intensive companies mitigate the environmental impact of their rising energy needs?

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Policy versus geology: new report reveals £165bn choice facing North Sea future

Offshore Energies UK

New analysis shows the UK could meet more of its energy needs from home – which could help cut imports, protect jobs, meet government climate targets, and boost economic growth The UK could meet half of its oil and gas needs from the North Sea, almost double what is currently forecast while also transforming its energy system to be powered by more renewables, according to new independent analysis for Offshore Energies UK (OEUK).

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Qatari LNG Output Steady Despite Buyer Caution Over Iran Conflict

OilPrice

Qatar’s liquefied natural gas (LNG) production remains steady despite growing geopolitical concerns in the Gulf following U.S. airstrikes on Iranian nuclear sites and Tehran’s retaliation, according to shipping data released by Independent Commodity Intelligence Services (ICIS). According to ICIS, 43 LNG vessels have departed Ras Laffan over the past 15 days, a volume that mirrors the same period last year, indicating zero disruption.