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The UK’s grid operator has seen its balancing costs jump as more wind farms in Scotland are being paid not to produce electricity to not overburden the constrained network in the region. When wind generation is high in constrained regions of the network, such as Scotland, the National Energy System Operator (NESO) must take actions to turn down wind output and turn on replacement energy in unconstrained regions to keep the system balanced.
Talen Energy has restructured and significantly expanded its nuclear energy agreement with Amazon Web Services (AWS), finalizing a 17-year, $18 billion power purchase agreement (PPA) that will supply up to […] The post Talen, Amazon Launch $18B Nuclear PPA—A Grid-Connected IPP Model for the Data Center Era appeared first on POWER Magazine.
JP Morgan is sticking to its base-case oil price forecast for 2025, projecting Brent crude will trade in the low-to-mid $60s, despite a sharp escalation in geopolitical tensions involving Iran, the U.S., and potentially Israel. In a note published Thursday, the bank said it sees oil averaging $60 in 2026, but flagged $120–$130 per barrel as a potential range in the event of worst-case outcomes—namely, military conflict and a closure of the Strait of Hormuz, through which one-fifth of global oil
According to a former New Jersey Board of Public Utilities commissioner who was first appointed by Republican Gov. Chris Christie and later reappointed by Democrat Gov. Phil Murphy, New Jersey’s energy policy has “gone off the rails” due to the lack of fact-based planning. The former commissioner, Mary-Anna Holden, should know. She’s someone with a.
Egypt has finalized a sweeping series of liquefied natural gas (LNG) supply agreements with Saudi Aramco, Shell Plc, Trafigura, and several other major traders, as the country’s struggles to shift back to long-term net exporter, rather than importer amid a deepening domestic supply crunch, according to a Bloomberg report. State-owned Egyptian Natural Gas Holding Co.
The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities recently issued a report reviewing how the country’s Bulk-Power System performed well during successive cold weather events in January 2025. The report found that the system was a stellar performer, with no significant issues in either the natural.
Oklo is starting to develop a real knack for catching short sellers offsides. In what is one of what we believe will be many similar announcements, Oklo shares surged 29% on Wednesday after the company was named the intended awardee for a Department of Defense project to deliver clean energy to Eielson Air Force Base in Alaska. The Defense Logistics Agency Energy issued a Notice of Intent to Award (NOITA), designating Oklo as the preferred provider following a competitive evaluation process.
In December 2022, MDN brought you the great news that Coterra Energy (formerly Cabot Oil & Gas) would be allowed to restart drilling in a nine-square-mile area in Dimock, PA (Susquehanna County) following a “no contest” plea deal with PA’s then-Attorney General, Josh Shapiro, on a misdemeanor charge (see PA DEP Allows Coterra (Cabot O&G).
In December 2022, MDN brought you the great news that Coterra Energy (formerly Cabot Oil & Gas) would be allowed to restart drilling in a nine-square-mile area in Dimock, PA (Susquehanna County) following a “no contest” plea deal with PA’s then-Attorney General, Josh Shapiro, on a misdemeanor charge (see PA DEP Allows Coterra (Cabot O&G).
Energy Secretary Chris Wright does not expect U.S. crude oil production to decline in 2026, although the Energy Information Administration forecast such a development. “That is a projection — we don’t know what’s going to happen next year,” Wright told Bloomberg in an interview. “We have seen weak prices for a few months, and if prices are too low for an economic incentive, you’ll see some drilling reduce on the margin.
Even though gas-fired power is the #1 source of electric power generation in the U.S., almost no new combined-cycle gas-fired power plants came online in the U.S. in 2024. That’s about to change. The U.S. Energy Information Administration (EIA) reports that 4.3 gigawatts (GW) of new gas-fired power is currently under construction, and developers have.
Senior Russian and Chinese officials have discussed LNG and pipeline gas supply from Russia to China and cooperation in joint energy projects, the Russian Energy Ministry said this week. Russian Energy Minister Sergei Tsivilev and Chinese Ambassador to Russia, Zhang Hanhui, discussed LNG deliveries, developing natural gas transportation infrastructure, and expanding cooperation in the oil and coal industries.
(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale. Developed by Fennex, an award-winning Aberdeen-based digital technology company, WindSafe was purpose-built to address the evolving challenges of high-risk offshore environments, with support from an innov
TotalEnergies is forming a collaboration with French firm Mistral AI to accelerate the use of artificial intelligence tools to support the supermajor’s energy strategies, especially in low-carbon energy solutions and development. TotalEnergies and Mistral AI will set up a joint innovation lab, staffed by teams from both companies, the supermajor said on Thursday.
(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Chevron U.S.A. Inc., a subsidiary of Chevron Corporation ( NYSE: CVX ), and Halliburton ( NYSE: HAL ) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention.
The United Nations’ nuclear watchdog on Thursday declared Iran in breach of its nuclear non-proliferation obligations, just as tensions in the Middle East escalate and Oman prepares to host the next round of indirect U.S.-Iran nuclear talks. The 35-nation Board of Governors of the International Atomic Energy Agency (IAEA) passed a resolution slamming Iran’s non-compliance with its obligations.
Empresas tabasqueñas exigen el pago de más de 3 mil mdp por parte de Pemex; CANACINTRA advierte pérdida de empleos y migración de talento. La deuda de Petróleos Mexicanos (Pemex) con empresas proveedoras de Tabasco supera los 3 mil millones de pesos , según informó Katia Ornelas Gil , secretaria de Turismo y Desarrollo Económico del estado. Al menos 20 empresas locales han solicitado apoyo institucional para gestionar los pagos , lo que ha movilizado a las cámaras empresariales y autoridades est
The expanded Trans Mountain pipeline in Canada could raise its capacity by another 75,000 barrels per day (bpd) by early 2027, which could potentially increase Canadian crude oil exports from its Pacific Coast to non-U.S. customers. In a potential first stage of a further capacity increase, the pipeline – currently owned by the Canadian federal government – could raise the volume throughput by using chemicals to help crude flow more easily, Mark Maki, chief executive of Trans Mountain, said at a
La ICC México pidió que Pemex y CFE queden sujetas a la nueva ley antimonopolios para evitar distorsiones en el mercado y garantizar competencia efectiva. La International Chamber of Commerce México (ICC México) advirtió que Petróleos Mexicanos (Pemex) y la Comisión Federal de Electricidad (CFE) deben estar sujetas al marco legal de la próxima ley antimonopolios que se discutirá en el Congreso, como condición indispensable para evitar distorsiones en los mercados y preservar una competencia econ
Crude oil prices dropped back slightly on Thursday, after jumping by 4% on Wednesday to hit the highest in two months on the news that the U.S. was pulling out its staff from the embassy in Baghdad. The drop was driven by profit-taking, but bullish sentiment remains. At the time of writing, Brent crude was trading at $68.95 per barrel, with West Texas Intermediate at $67.41 per barrel, after on Wednesday Iran’s defense minister threatened strikes on U.S. bases in the region in case the nuclear t
Chancellor Reeves announced GBP 14.2 billion for Britain's first state-funded nuclear power station in nearly four decades, the 3.2-GW Sizewell C in Suffolk.
Armenia’s foreign trade turnover fell off a cliff during the first four months of 2025 after the Kremlin changed the rules that govern Yerevan’s imports and exports of Russian gems and precious metals. According to data published by the Arminfo news agency on June 9, Armenia’s overall trade volume amounted to $6.3 billion during the first four months of this year, a whopping 53 percent decline over the volume during the first-third of 2024.
(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. New Era Helium, Inc. (Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., is in active discussions with certain large enterprise customers to anchor its planned AI infrastructure buildout in Ector County, Texas.
The International Atomic Energy Agency's (IAEA) Board of Governors has passed a resolution formally declaring Iran noncompliant with its nonproliferation obligations for the first time since 2005, a move Tehran immediately condemned. The resolution, which was adopted on June 12 during a quarterly meeting of the IAEA board, can facilitate the return of UN sanctions against Iran later this year.
Natural Gas Inventories as of June 6, 2025 The EIA has released its natural gas inventory report, showing a net increase of 122 Bcf as of June 6, 2025. Working gas in storage was 2,707 Bcf as of Friday, June 6, 2025, according to EIA estimates. This represents a net increase of 109 Bcf from the previous week. Stocks were 256 Bcf less than last year at this time and 139 Bcf above the five-year average of 2,568 Bcf.
HOUSTON–(BUSINESS WIRE)–Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Halliburton (NYSE: HAL) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention.
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 $68.16 +0.01% Brent Crude $69.53 -0.34% Natural Gas $3.52 +0.29% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW
A half dozen paid protesters gathered outside (and inside) a meeting of the Delaware River Basin Commission (DRBC) in Easton, Northampton County, Pennsylvania, yesterday to pledge that if the DRBC or the powers that be in Washington overturn a permanent ban on safe fracking within the watershed, there will be trouble. A coalition of groups.
'This collaboration combines Odfjell Technology's extensive experience in the energy industry with OSP's agile workforce and domain expertise to deliver integrated, scalable solutions for complex well operations and project execution'.
During a recent workshop, an executive lamented feeling like he was treading water. Another jumped in, sharing that playing “the waiting game” was taking a toll on his team. Others quickly piled on, amplifying the general sense of frustration they felt given current business conditions. The culprit? Uncertainty. There’s no denying that today’s workplace is a masterclass in unpredictability.
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The first crude cargo from Guyana's fourth oil production facility, which arrived in the country in April and is being installed, is set to be exported between late August and early September…
By Nicholas Oakes, for the International Policy Digest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. From Pipeline to Policy: Iraq's Quiet Return to Global Energy Relevance Recent deals with China, India, and France point to a strategic effort to diversify trade partnerships, hedging Baghdad's economic future between Eastern and Western powers.
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 $68.16 +0.01% Brent Crude $69.53 -0.34% Natural Gas $3.52 +0.29% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW
Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crude oil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well. Results from the well indicate the presence of oil-bearing layers in both the Alam El Bueib and Alamein reservoirs, with the oil-bearing layer reaching a thickness of 110
NewMed Energy and OMV Petrom have agreed to drill another prospect in the Han Asparuh block on Bulgaria's side of the Black Sea, after approving their first as new partners in March.
Gecko Robotics, which uses robots and AI to inspect and monitor critical infrastructure, has raised a $125 million, bringing its valuation to $1.25 billion.
Hai Long offshore wind project in Taiwan, jointly developed by Mitsui & Co, Northland Power, and Gentari, has produced first power, marking successful energization…
Petrofac, a leading international service provider to the energy industry, has been awarded an Engineering, Procurement and Construction Management Services (EPCM) contract by ADNOC Gas to expand gas production facilities on Das Island. The project is valued at $1.2 billion. The contract includes providing procurement and construction services to build a new inlet facility, and two new gas dehydration and compression trains, each with a capacity of 420 million standard cubic feet per day (mmscf/
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