Wed.Jun 25, 2025

article thumbnail

Centrus Completes 900-kg HALEU Delivery to DOE in U.S. Nuclear Fuel Enrichment Milestone

POWER Magazine

Centrus Energy has produced and delivered 900 kilograms (kg) of High-Assay, Low-Enriched Uranium (HALEU) to the U.S. Department of Energy (DOE), completing Phase II of its pioneering enrichment contract with the agency. The shipment marks the first significant domestic production of HALEU—a specialized fuel required for many advanced reactors now under development—and stands as a […] The post Centrus Completes 900-kg HALEU Delivery to DOE in U.S.

article thumbnail

Russia Looks to Challenge U.S. Influence in Mexico’s Energy Sector

OilPrice

Via Metal Miner Amidst the tariff wars, are we about to see the birth of new energy dynamics in the Americas? A few days ago, Russia offered to supply liquefied natural gas to the United States’ neighbor, Mexico. Because of the strategic, economic and geopolitical implications, the move quickly made sector analysts sit up and take note Media reports quoted Russia’s Energy Minister, Sergei Tsivilev, as saying that the country was already working with Mexico in other sectors.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Infinity Natural Resources on the Hunt for More Ohio Utica Assets

Marcellus Drilling News

Infinity Natural Resources (INR), headquartered in Morgantown, WV, focuses 100% on the Marcellus/Utica. The company went public earlier this year with a $265 million ($20/share) initial public offering, giving INR a $1.18 billion market capitalization (see INR IPO Does Better than Expected, Stock Trading Pops 10% Higher). Hart Energy’s Nissa Darbonne recently interviewed INR CEO.

Energy 252
article thumbnail

U.S. Utility-Scale Battery Storage Has Surged 15-Fold Since 2020

OilPrice

For years, battery systems have only played a marginal role in U.S. electricity networks, with power utilities focusing more on building out capacity from natural gas plants and renewable energy sources. According to energy data portal Cleanview, five years ago, the United States had 74 times more wind farm capacity and 30 times more solar capacity than battery capacity within its power generation system.

Utilities 256
article thumbnail

Understanding TerraPower’s Natrium Reactor Design and Demonstration Project Progress

POWER Magazine

In the proverbial shadow of the Naughton Power Plant, a station in Kemmerer, Wyoming, that will stop burning coal at the end of this year, TerraPower is constructing what it calls “the only advanced, non-light-water reactor in the Western Hemisphere being built today.” The project represents more than just a new power source—it’s a symbolic […] The post Understanding TerraPower’s Natrium Reactor Design and Demonstration Project Progress appeared first on POWER Magazine.

article thumbnail

What Would Happen if the Strait of Hormuz Shut Down?

OilPrice

There are several important energy chokepoints around the world, but none is more significant and vulnerable than the Strait of Hormuz. Now, following the U.S. bombing of Iranian nuclear facilities on Saturday, the Iranian Parliament has reportedly voted to close this important energy transit chokepoint. Such a move could severely disrupt the world’s energy markets.

Energy 256
article thumbnail

Kinder Morgan Projects to Boost Deep South Access to M-U Gas

Marcellus Drilling News

Ever so gradually, pipeline capacity to transport Marcellus/Utica molecules to other markets, particularly the Deep South, has been increasing. And it continues to grow, gradually. Two projects from Kinder Morgan aim to help that effort. The 2.1-Bcf/d Mississippi Crossing (MSX) and 1.

BCF 181

More Trending

article thumbnail

Integrated Lithium Production Plant Coming to PA Marcellus in 2026

Marcellus Drilling News

A Boston-based company, Gradiant, issued a press release to make a really big, really important announcement: The company’s lithium business, called alkaLi, will design, build, own, and operate a commercial lithium production facility in the Marcellus Shale Formation of Pennsylvania beginning in early 2026. The unidentified site, which is already built and in testing, will.

Operator 269
article thumbnail

China Launches Phase 2 Deep-Sea Gas Field Adding 4.5BCM To Supply

OilPrice

China National Offshore Oil Corporation (CNOOC) has fully launched the second phase of its Deep-Sea No. 1 natural gas project in the South China Sea, boosting domestic output by 4.5 billion cubic meters (bcm) per year. The project, China’s largest deepwater gas development to date, officially reached full capacity on June 26, according to CNOOC officials cited by China Daily.

BCM 230
article thumbnail

Oil market fundamentals return with aplomb

Oilholics Synonymous Report

The oil futures slide began even before Iran's muted response to the US bombing of its nuclear sites had ended on Monday. And the benchmarks tanked further still once a ceasefire between Israel and Iran took effect in the following session. That's because oil market fundamentals took hold the moment de-risking started, evaporating the so-called risk premium double quick.

Oil 157
article thumbnail

IEA Calls for More Investment in Ensuring Universal Energy Access

OilPrice

The world has made progress in increasing access to basic electricity, but developing nations need much more financial support to reach 666 million people in vulnerable and rural areas who lack access to energy, the International Energy Agency (IEA) said in a report on Wednesday. The report tracks the progress toward achieving the UN’s Sustainable Development Goal 7 to “ensure access to affordable, reliable, sustainable and modern energy for all” by 2030.

Energy 196
article thumbnail

One of Wyoming’s largest oil producers drilling its first 3-mile well

Oil & Gas 360º

Publisher’s Note: Anschutz Exploration will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. (Cowboy State Daily) – A revolution in drilling technology is transforming Wyoming’s Powder River Basin, turning what was once an economically challenging oil play into a more promising frontier, according to energy insiders and locals watching it unfold.

IT 130
article thumbnail

Russia to Boost Exports of China’s Favorite Russian Crude in July

OilPrice

Russia is set to raise the shipments of the ESPO Blend crude from its Far East port of Kozmino in July, after lower exports this month due to maintenance, trading sources told Reuters on Wednesday. ESPO loadings from Kozmino are expected at 4 million tons, or about 970,000 barrels per day (bpd) in July, up from 3.6 million tons in June. According to Reuters calculations, daily exports of ESPO from Russia’s Far East, predominantly to Chin,a are set to rise by 7.5% in July compared to June, which

article thumbnail

Enverus unveils 2024 Top 100 Private Operators: A New era of agility, innovation and strategic shifts

Enverus

AUSTIN, Texas (June 25, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released its annual list of the most prolific 100 private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources continues to dominate the ranking as the top position, but this year Mewbourne Oil leapfrogged from fourth to second and Aethon Energy remains in the third posi

Operator 130
article thumbnail

Oil Jumps on Significant Crude, Product Inventory Slide

OilPrice

Crude oil inventories in the United States fell by 5.8 million barrels during the week ending June 20, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The drop brings commercial stockpiles to 415.1 million barrels, roughly 11% below the five-year average for this time of year. Crude prices were trading up ahead of the report.

article thumbnail

US Weekly Oil Data

Energy Outlook Advisors

June 25, 2025 Subscribe now EOA’s Main Takeaway US crude oil and distillate inventories declined to below the five-year range. If crude inventories follow historical trends and fall below 400 million barrels, we will turn bullish on oil. At that point, we expect US crude exports to decline and imports to increase. A US-China trade deal would support this bullish view.

Oil 145
article thumbnail

EU Set to Change Subsidy Rules for Energy Costs

OilPrice

National governments in the EU would soon be allowed to subsidize companies struggling with exorbitant energy costs, according to a Politico report suggesting the bloc is about to change its strict no-subsidy rules. The change will be in the form of a new clause in the EU’s guide to low-emission energy growth, dubbed the Clean Industrial Deal State Aid Framework.

Energy 203
article thumbnail

Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

(Oil & Gas 360) – Publisher’s Note: Zephyr Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. RNS Number : 2661O Zephyr Energy PLC 25 June 2025 THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (TOGETHER THIS “ANNOUNCEMENT”), IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, A

Energy 130
article thumbnail

Enbridge Looks to Raise Canada’s Oil Flows to U.S. via New Pipeline

OilPrice

Rising Canadian oil production and continued demand for more shipping capacity at the key U.S. refining hubs have prompted Canada’s pipeline giant Enbridge to test interest from potential shippers for a new pipeline in Illinois linked to the Mainline system. Enbridge is considering raising the crude shipment capacity from Canada to the United States via the pipeline that could boost oil flows by 200,000 barrels per day (bpd).

Pipeline 198
article thumbnail

April price crash dragged Saudi Arabia’s oil revenues to 4-year low

Oil & Gas 360º

(Oil Price) – Saudi Arabia’s revenues from oil exports crashed in April by 21% from a year earlier – to the lowest level in nearly four years – as international oil prices dipped amid concerns about oversupply and potentially weaker global economic growth. Saudi Arabia, the world’s top crude oil exporter and leader of the OPEC+ group, saw its export revenues from oil at $16.5 billion in April, per data from the Kingdom’s General Authority for Statistics (GASTAT) out on Wednesday.

Oil 130
article thumbnail

Shuttered Three Mile Island Nuclear Plant Poised for 2027 Restart

OilPrice

Constellation Energy announced Tuesday it is accelerating plans to restart Unit 1 of the Three Mile Island nuclear plant by 2027, as mounting power demand and evolving energy policy breathe new life into the once-retired facility. The proposal could make Three Mile Island the first U.S. nuclear plant to resume operations after decommissioning, a powerful symbol amid renewed bipartisan support for nuclear power.

Operator 160
article thumbnail

Lixin Energy to Invest RMB 529 Million in 200MW/800MWh Grid-Forming Standalone Energy Storage Project

EnergyTrend

Lixin Energy to Invest RMB 529 Million in 200MW/800MWh Grid-Forming Standalone Energy Storage Project Lixin Energyhasannouncedthatitswhollyownedsubsidiary,KuqaCityLixinIntegratedEnergyCo.,Ltd.,planstoinvestRMB529milliontoconstructa200MW/800MWhgrid-form.

Energy 130
article thumbnail

Tariffs Will Hit These Car Brands the Hardest

OilPrice

Tariffs on imported goods can have a wide ripple effect on prices, especially in the auto industry where supply chains are global, complex, and highly sensitive to cost changes. In this graphic, Visual Capitalist's Marcus Lu reveals how tariffs will impact U.S. car prices, assuming a flat 25% tariff is applied onto vehicles imported from outside North America.

article thumbnail

Carlyle, Diversified Energy to invest $2 billion in producing U.S. assets

Oil & Gas 360º

Publisher’s Note: Diversified Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. (World Oil) – Diversified Energy Company PLC, a leading publicly traded natural gas and liquids production company, and global investment firm Carlyle have today announced a strategic partnership to invest in up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across

Energy 130
article thumbnail

Europe’s LNG Gamble Exposed by Middle East War

OilPrice

Oil and the security of its supply have stolen the media spotlight in the context of the new Middle East war, and with good reason. Ever since Israel first bombed Iran, diesel prices have soared, jet fuel prices have soared, and importers have been troubled. For Europe, the situation is even worse due to natural gas. Europe has been hurt more than others by the diesel price surge because it has boosted its imports considerably over the past years.

article thumbnail

Oil price, Zephyr, Prospex, DEC. And finally…

Malcolm Graham Wood

After a $10 drop in the last two days oil has rallied a touch today. Zephyr has raised around £10m to but some production and set some aside to drill the Paradox. Prospex has also raised and I take another look at DEC after only a quick squint yesterday. The post Oil price, Zephyr, Prospex, DEC. And finally… appeared first on Malcy's Blog.

Oil 162
article thumbnail

BP Stock Sees Brief Jump on Report of Merger Talks With Shell

OilPrice

BP shares jumped nearly 7% Wednesday before paring the bulk of those gains after The Wall Street Journal reported that Shell is in early-stage discussions to acquire its British rival. If confirmed, the deal would represent one of the largest energy mergers in recent history and signal a dramatic consolidation of European oil and gas majors. Shell, in the meantime, denied that takeover talks are taking place.

Gas 218
article thumbnail

U.S. crude oil inventories decrease by 5.8 million barrels

Oil & Gas 360º

Weekly Crude Oil Storage as of June 20, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.8 million barrels from the previous week. At 415.1 million barrels, U.S. crude oil inventories are 11% 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 June 20, 2025.

Crude Oil 130
article thumbnail

China and India Cut Imports of Lower-Quality Coal From Indonesia

OilPrice

The world’s biggest and second-biggest coal importers, China and India, respectively, have reduced purchases of Indonesia’s lower-grade thermal coal as lower coal prices have made higher-grade coal competitive this year. China and India have seen declines in their overall coal imports in recent months amid higher local production and an oversupply on their domestic markets.

156
156
article thumbnail

Devil’s in the details: Why BP’s debt may deter a buyer

Oil & Gas 360º

(BOE Report) – BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP says it has net debt of $27 billion – already more than some rivals – but its disclosures show that it has around $38 billion of additional liabilities.

Blowout 130
article thumbnail

Iran-Israel War Prompts China to Reconsider Russia’s Gas Pipeline Proposal

OilPrice

The war between Israel and Iran has spark worry about energy supply security in Beijing, and a greater interest in the Power of Siberia 2 pipeline—a project proposed by the Russian side, on which the Chinese side has been in no hurry to make a decision. The Wall Street Journal reported the news, citing unnamed sources close to the government in Beijing.

Pipeline 152
article thumbnail

Eaton, TVA Turning Retired Bull Run Coal Plant into Critical Grid Asset

POWER Magazine

Intelligent power management company Eaton is working with the Tennessee Valley Authority (TVA) to repurpose the utility’s retired Bull Run Fossil Plant in Clinton, Tennessee, into a critical asset supporting reliable and clean energy. The two groups on June 25 noted the importance of maintaining grid stability as more electricity comes from variable renewable energy […] The post Eaton, TVA Turning Retired Bull Run Coal Plant into Critical Grid Asset appeared first on POWER Magazine.

article thumbnail

Armenia Faces Mounting Pressure Due to Middle East Unrest

OilPrice

It is too early to say whether an uneasy ceasefire between Iran and Israel will hold, granting Armenia a reprieve from the ominous strategic implications of the conflict. With the prospect of continued war hanging over Tehran, Armenia may find itself cut off from a crucial trade outlet, as well as have a weakened ability to resist Russian and Azerbaijani diplomatic pressure on issues with significant implications for Armenian sovereignty.

IT 245
article thumbnail

Oklo enters strategic collaborations with Hexium and TerraPower to launch new pathway for domestic HALEU enrichment

Oil & Gas 360º

(Oil & Gas 360) – Publisher’s Note: Oklo will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. 06/25/2025 The next-generation collaboration will leverage advanced laser enrichment technology to build a scalable U.S. nuclear fuel supply for advanced reactors SANTA CLARA, Calif.–(BUSINESS WIRE)– Oklo (NYSE: OKLO), an advanced nuclear technology company, today announced strateg

article thumbnail

Enbridge says it would pitch new Alberta-B.C. pipeline only under right conditions

BOE Report

CALGARY – Canada’s biggest crude oil shipper says a lot needs to happen before it would propose a new pipeline to the West Coast. Alberta Premier Danielle Smith has said she wants to see a pipeline running from her province to the Port of Prince Rupert, B.C.

Pipeline 116
article thumbnail

Tensiones en Medio Oriente: ¿Qué significa el conflicto entre EE.UU. e Irán para la energía y la economía mexicana?

Oil & Gas Magazine

El conflicto entre Estados Unidos e Irán eleva la tensión geopolítica global, con efectos inmediatos en el precio del petróleo. Expertos analizan su impacto en México, destacando riesgos económicos, dependencia energética y la falta de infraestructura estratégica. La reciente escalada del conflicto entre Estados Unidos e Irán ha generado preocupación internacional, no solo por sus implicaciones políticas y militares, sino por sus efectos potenciales en el sector energético global.

E&A 105
article thumbnail

Woodside Completes Sale of 40 Pct in Louisiana LNG to Stonepeak

Rigzone

'Stonepeak will provide US$5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis'.