Sat.Mar 08, 2025

article thumbnail

Record Nuclear Power Production Expected in 2025

OilPrice

The world is re-embracing nuclear energy after decades of decline, driven by technological advances and the need to keep pace with growing energy demand fueled by the tech sector without compromising climate goals. The world is now on track to produce more nuclear energy than ever before in 2025, and the International Energy Agency (IEA) predicts an all-out nuclear renaissance.

Energy 363
article thumbnail

Checking out Vaeridion's electric 'microliner' concept

Oilholics Synonymous Report

(Left to right: Ivor van Dartel, Founder and CEO of Vaeridion, Markus Kochs-Kmper, CTO of Vaeridion, and Gaurav Sharma, Energy Analyst, Oilholics Synonymous, at the startup's laboratory and engineering site in the Bosch Innovation Campus in Holzkirchen, Germany) Late last month, the Oilholic headed out to the Bosch Innovation Campus in Holzkirchen, Germany, some 25 miles south of Munich, for a visit to green aviation startup Vaeridion's laboratory and engineering test site of its 'microliner' el

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Critical Role of Energy Storage in Ensuring Grid Stability

OilPrice

As the share of renewables rises in energy grids around the globe, the inflows of energy to the grid become more variable, placing stress on localized systems, causing price volatility, and even threatening energy security. Keeping energy grids stable and reliable through the clean energy transition will require a monumental expansion of energy storage capacities and technological advances for novel energy storage methods.

Energy 243
article thumbnail

Raizen Is Said to Hire JPMorgan for Argentina Energy Assets Sale

Rigzone

Brazil's largest producer of ethanol fuel, Raizen is mulling divestments and slowing down expansions as higher borrowing costs of late in Brazil rattle its finances.

Finance 69
article thumbnail

Iraq’s Plan to Transform Its Economy Is a Risky Bet

OilPrice

In May 2023, Iraq announced the Development Road, $17 billion, 1,200-kilometer rail line and roadway from a new port at Al Faw in southern Iraq to Trkiye, linking Asia and Europe. The Road is more than an upgrade to Iraqs old infrastructure and aims to leverage Iraqs location as a future trade corridor to solve several complex problems: unemployment, corruption, outdated infrastructure, and over-reliance on hydrocarbons at a time of declining demand for oil.

IT 191
article thumbnail

How to Lead Construction Subcontractors to Quality Excellence

FTQ360

Subcontractors are the backbone of every construction project, contributing their specialized skills to bring designs to life. Yet, maintaining consistent quality across diverse subcontractor teams is one of the most significant challenges contractors face.

article thumbnail

Phillips 66 Doubles Down on Permian Basin Growth with EPIC Acquisition and New Processing Expansions

Oil Gas Leads

Phillips 66 is making big moves in the Permian Basin , a critical hub for U.S. energy production. During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand. With a clear focus on expanding their wellhead-to-market strategy , Phillips 66 is optimizing its Permian assets to increase efficiency, reduce costs, and enh

Basin 52

More Trending

article thumbnail

ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

The Permian Basin continues to be a driving force behind U.S. oil and gas production, and ONEOK Inc. is making strategic moves to solidify its position in this critical region. During its Q4 2024 earnings call , ONEOK outlined significant infrastructure expansions, acquisitions, and future growth opportunities in the Permian. Heres a breakdown of what was said about the companys investments and outlook for the basin. 1.

Basin 52
article thumbnail

Egypt-US Energy Talks at Powering Africa Summit Focus on Strengthening Bilateral Collaboration

Egypt Oil & Gas

On the sidelines of the 10th Annual Powering Africa Summit held in Washington, Minister of Petroleum and Mineral Resources Karim Badawi met with his American counterpart Chris Wright, US Secretary of Energy. Both ministers discussed ways of enhancing cooperation in the energy domain and exchanging expertise, especially in light of the significant development witnessed by the collaboration between both countries in this sector in recent years.

Energy 52
article thumbnail

Ontario Premier Threatens to Cut Off Electricity to 1.5 Million Americans

OilPrice

The premier of Canadas most populated province, Ontario, has become the tip of the spear of Canadas response to the trade war started by US President Donald Trump on Tuesday, March 4. If they want to try to annihilate Ontario, I will do everything including cut off their energy with a smile on my face, Doug Ford told reporters in Toronto, Monday. They rely on our energy, they need to feel the pain.

Energy 357
article thumbnail

Egypt Calls for Boosting Integration, Partnerships to Exploit Africa’s Energy Resources

Egypt Oil & Gas

Minister of Petroleum and Mineral Resources Karim Badawi participated in the 10th Annual Powering Africa Summit in Washington with high-level attendance from ministers, officials, investors, and funding institutions. In his speech , Badawi emphasized the importance of partnerships between governments, the private sector, and international financing institutions to optimally exploit Africa’s energy resources and provide sustainable energy sources for its people to address the issue of energ

Energy 52
article thumbnail

EU's Gas Import Mix: Higher Gas Prices in Summer?

Energy Outlook Advisors

Major Issues: - Weather - Trump’s Trade Wars - Peace in Ukraine? The gas market is becoming more global due to the LNG industry. We've seen the impact of this globalization in recent months: when demand was weak in Europe, LNG shipments were redirected to Asia. As demand and prices increased in Europe, shipments were diverted from Asia to Europe.

Gas 169
article thumbnail

Oil prices fluctuate despite supply boost by OPEC+

Crude Oil Futures

Despite President Trump's vocal "Drill, baby, drill" mantra, his push to boost crude oil supply has yet to fully take shape. Undeterred, he continues to press forward, shifting his focus toward pressuring oil producersparticularly in the Middle Eastto ramp up output until U.S. production reaches his desired levels. His administration has already leaned on OPEC+, the alliance of OPEC and Russia, to increase supply.

Oil 40
article thumbnail

Will Trump Develop Alaskan Oil and Gas?

OilPrice

United States President Donald Trump has vowed to make it easier to develop oil and gas projects in Alaska, despite concerns about environmental degradation. Trump signed an executive order on his first day in office to unleash Alaskas extraordinary resource potential, effectively undoing former President Bidens climate protections for the state. However, it is uncertain whether oil and gas companies will invest in a region with such strict regulations and high project development costs.

Gas 327