Wed.Jun 11, 2025

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Guyana Prepares First Export Cargo from New Offshore Platform

OilPrice

Guyana's offshore oil industry is set to take a major leap forward as the One Guyana floating production, storage, and offloading (FPSO) vessel readies its first export cargo. According to Reuters, the inaugural shipment of the newly branded 'Golden Arrowhead' crude grade is slated for late August to early September, marking a critical milestone for the ExxonMobil-led consortium that includes Hess Corp. and China's state-run CNOOC.

Offshore 271
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Out of Sync: The Infrastructure Misalignment Undermining the U.S. Grid 

POWER Magazine

U.S. power infrastructure—the intricate physical fabric that laces together generation, transmission, and distribution—is under intensifying strain. Outdated and overextended, it must now absorb relentless growth from electrification and data centers […] The post Out of Sync: The Infrastructure Misalignment Undermining the U.S. Grid appeared first on POWER Magazine.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Global upstream oil investment is set to fall this year for the first time since the Covid slump in 2020, with upstream oil and gas spending gravitating to the Middle East, according to the 2025 edition of the IEA’s annual World Energy Investment report The forecast 6% drop, the steepest since 2016, is driven mainly by a sharp decline in spending on US tight oil, and reflects lower oil prices and demand expectations.

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Duke Energy Advances New 1.4-GW Gas-Hydrogen Power Plant in South Carolina Under New Energy Security Mandate

POWER Magazine

Duke Energy intends to submit an application to South Carolina’s Public Service Commission (PSC) for approval to build a 1.4-GW gas-fired combined cycle plant with hydrogen capability in Anderson County. […] The post Duke Energy Advances New 1.4-GW Gas-Hydrogen Power Plant in South Carolina Under New Energy Security Mandate appeared first on POWER Magazine.

Energy 256
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RWE Inks O&M Deals with Clarkson Port Services for Nordseecluster OW Project

Offshore Engineer

RWE Offshore Wind has awarded two long term agreements to Clarkson Port Services to support the operations and maintenance activities at its 1.

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The Great Shift: Navigating the Global Energy Transition

POWER Magazine

As the world grapples with the urgent need to combat climate change, the transition from fossil fuels to renewable energy sources is accelerating, driven by technological advancements and governmental directives. […] The post The Great Shift: Navigating the Global Energy Transition appeared first on POWER Magazine.

Energy 165
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Support for carbon capture an important step, says offshore energy industry

Offshore Energies UK

New funding for projects in Scotland, Humberside, Teesside and Merseyside The investment in the UK offshore energy industry outlined in today’s Comprehensive Spending Review is progress towards a clearer picture of how the government will support homegrown energy. Offshore Energies UK has repeatedly highlighted the need to prioritise domestic energy production to unlock economic and industrial growth and safeguard jobs and energy security, as well as meeting net zero targets.

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EIA: US Natural Gas Output to Reach Record Levels in 2025

Offshore Engineer

U.S. natural gas output and demand will both rise to record highs in 2025, the U.S.

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IRA Incentives Fuel U.S. Solar Manufacturing Surge

POWER Magazine

The U.S. solar manufacturing landscape has undergone a remarkable transformation since the passage of the Inflation Reduction Act (IRA) in 2022. Through targeted domestic content incentives, the federal government has […] The post IRA Incentives Fuel U.S. Solar Manufacturing Surge appeared first on POWER Magazine.

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ASEAN Could Unlock 25 GW of RE via Singapore Interconnections: Rystad

Rigzone

Southeast Asia could unlock up to 25 GW of renewable energy generation and over $40 billion of investment in hydropower, solar and offshore wind if all proposed interconnections with Singapore are realized.

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Utilities, Grid Operators Grapple with Adding Renewable Energy

POWER Magazine

Power generators and transmission system engineers have to rethink their planning strategies, and must continue to develop tools to allow more solar, wind, and other forms of renewable energy to […] The post Utilities, Grid Operators Grapple with Adding Renewable Energy appeared first on POWER Magazine.

Utilities 130
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Oil Review Middle East - Untitled Article

Oil Review Middle East

ADNOC Gas has awarded US$5bn in contracts for the first phase of its Rich Gas Development (RGD) Project, its largest-ever capital investment The contracts involve expanding key processing units to increase throughput and improve operational efficiency across the onshore Asab, Buhasa and Habshan facilities and the offshore Das Island liquefaction facility.

Gas 52
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AI Energy Demands Reshape Global Power Grids

OilPrice

The rise of artificial intelligence (AI) on the global stage has resulted in data centers putting immense strain on global power grids, a turnaround from their previous role as minor electricity consumers. As chatbots become a permanent fixture in work and daily life, demand is being propelled to record heights as each search consumes power. While US data centers consumed 50 terawatt-hours (TWh) of power a decade ago, that figure has risen to 140 TWh today, thereby accounting for 3.

Energy 271
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Bringing 'superintelligence' to the energy industry

Oilholics Synonymous Report

The Oilholic was delighted to join the demo day of UK-based energy AI firm Applied Computing in London on Tuesday. The firm recently announced a £9 million seed funding round - largest ever for a British AI company's at seed stage - to bring what it describes as "superintelligence" to the energy industry. Applied Computing’s flagship product - Orbital - has been built using multi-foundation AI powered by a new class of models built to optimise the physical world.

Energy 157
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Russia’s Oil Profits Tumble as Prices Fall and Sanctions Hit

OilPrice

The combined net profits of Russia’s oil and gas companies nearly halved in the first quarter from a year earlier, while petroleum revenues for the budget have been falling with the decline in oil prices in recent months. The net profits of the Russian oil and gas firms slumped to $9.9 billion (789.5 billion Russian rubles) in the first quarter of 2025, down from $18 billion (1.445 trillion rubles) for the same period of 2024, according to data from Russia’s statistics agency Rosstat cited by Th

Oil 263
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OMV Petrom, NewMed Energy to Drill Another Exploration Well in Bulgaria’s Black Sea

Offshore Engineer

OMV Petrom and NewMed Energy, the partners in the Bulgaria's Han Asparuh offshore block in the Black Sea, have reached the decision to drill an exploration well in the Krum Prospect…

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Global Oil Demand to Surpass 120Mn bbl/d by 2050: OPEC Secretary General

Egypt Oil & Gas

Global oil demand will continue rising in the next 25 years to reach 120 million barrels per day, which is 24 per cent higher than its current level, according to Haitham El-Ghais, the secretary-general of the Organization of Petroleum Exporting Countries (OPEC). “Oil will remain an integral part of the energy mix at around 30% still in 2050,” El Ghais said on Tuesday at the Global Energy Show in Canada.

BBL 52
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North Sea O&G Operators Opt for Flylogix Drones to Tackle Methane Emissions

Offshore Engineer

Flylogix, the operator of next generation unmanned aerial vehicles (UAVs), has secured contracts with several leading oil and gas operators to help tackle the industry’s methane emissions…

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Oklahoma Operations of Key Oil & Gas Companies (2025)

Oil Gas Leads

Below we summarize recent (2024–2025) drilling activity, budget allocations, and production volumes in Oklahoma (primarily the Anadarko Basin and related plays) for six companies: Ovintiv , Mach Natural Resources , Devon Energy , Coterra Energy , Continental Resources , and Mewbourne Oil Company. Key metrics are compared in the table, followed by detailed highlights for each company.

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Repsol Hires Halliburton for Well Lifecycle Optimization of North Sea Assets

Offshore Engineer

Repsol Resources UK has hired Halliburton under a five-year contract to support the full well lifecycle on its oil and gas assets in the U.K. North Sea.

Gas 49
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Flare Combustion to Flow Wells Meeting Emission Standards

BOE Report

In Central Alberta, a leading Canadian oil and gas producer has set up and remotely managed a synchronized series of turbines to combust flare gas to aid in the flowing of their oil wells.

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Decarbonization Whiplash Prompts a Power Sector Recalibration 

POWER Magazine

What happens when a political U-turn suddenly upends years of decarbonization strategy? As the U.S. House of Representatives moves to dismantle key clean energy tax credits, POWER examines how utilities […] The post Decarbonization Whiplash Prompts a Power Sector Recalibration appeared first on POWER Magazine.

Utilities 130
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Europe’s fastest-growing nuclear fusion company raises $148 million in record funding round

CNBC: Energy

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Finance 69
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GAIL Completes First LNG Discharge at Dabhol

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 $67.94 -0.31% Brent Crude $69.50 -0.39% Natural Gas $3.54 +1.03% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

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Vaquero Midstream’s 76 Miles Powerhouse Pipeline Expansion

Oil Gas Leads

Vaquero Permian Gathering LLC—under the larger Vaquero Midstream banner—is strengthening its Pipeline Addition (PA) footprint with a significant 76 miles of new high-pressure loop pipe, fully detailed in Permit #09432. Where the Pipe Runs: Counties & Context This new loop stretches across Loving, Pecos, Reeves, Ward, and Winkler Counties —the beating heart of West Texas’s oil and gas production corridor.

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ADNOC Gas Awards $5B Contracts for RGD Project

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 $67.94 -0.31% Brent Crude $69.50 -0.39% Natural Gas $3.54 +1.03% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Gas 105
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Poland to Open 4GW Offshore Wind Auction in December

Offshore Engineer

Poland has unveiled plans to hold its first offshore wind auction in December 2025, targeting 4 GW in new projects, as Equinor and Polenergia move to submit the…

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Baker Hughes awarded Equinor contract for P&A work in North Sea

Oil & Gas 360º

(World Oil) – Baker Hughes will provide Equinor plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf. Baker Hughes’ Mature Assets Solutions team will lead the integrated P&A campaign planning phase, as well as delivering integrated P&A services in execution across several wells in the North Sea.

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TenneT Installs Giant HVDC Offshore Wind Converter Platform in North Sea

Offshore Engineer

The DolWin epsilon HVDC offshore wind converter platform, part of German transmission system operator (TSO) TenneT’s grid expansion project, has been installed in the North Sea…

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How Decreasing Inertia Is Affecting Power Grids and What to Do About It

POWER Magazine

People in the power industry understand inertia and its importance to grid stability. As large thermal power plants and other inertia-providing units are replaced with renewable resources that provide no […] The post How Decreasing Inertia Is Affecting Power Grids and What to Do About It appeared first on POWER Magazine.

IT 332
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Scotland Launches Offshore Wind Consultation

Offshore Engineer

Scottish government has launched a consultation on the updated draft marine plan to inform offshore wind developments in Scotland.

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The Risk of Political Rebranding in the Clean Energy Industry

POWER Magazine

The U.S. solar industry has increasingly begun to rebrand itself as “MAGA-friendly,” emphasizing cost savings, energy independence, and job creation over climate concerns. This shift marks a departure from its […] The post The Risk of Political Rebranding in the Clean Energy Industry appeared first on POWER Magazine.

Energy 194
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ORLEN Group Opens Poland’s First Offshore Wind Installation Terminal

Offshore Engineer

ORLEN Group has opened Poland’s first installation terminal dedicated to offshore wind farms, located in Świnoujście, with the facility securing its first long-term…

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BofA: The Saudis are readying for a long oil price war

Oil & Gas 360º

(Oil Price) – Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is going to be “long and shallow”, rather than “short and steep” as the Kingdom tries to claw back lost market share, especially from U.S. shale producers.

Oil 130
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ScottishPower, Oasis Marine Study Proves Feasibility of Offshore Charging

Offshore Engineer

Offshore charging for both battery-powered crew transfer and service operation vessels could be on the horizon for windfarms of the future, according to two studies…

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Trigon Pacific Terminals announces new LPG export facility in Prince Rupert, Canada

BOE Report

Trigon Pacific Terminals announced on Wednesday a new $750 million open-access liquefied petroleum gas export facility with a capacity of 2.5 million metric tons per year at Prince Rupert, Canada. The export facility is expected to begin operations by late 2029, subject to securing legal and regulatory approvals.

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Europe’s battery boom: 13 times more capacity by 2028 faces grid, regulatory roadblocks

Enverus

CALGARY, Alberta (June 11, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a market overview of the opportunities and challenges related to developing battery projects in Europe. The report focuses on identifying the defining policies, regulations and economic factors impacting the success of battery projects in the European Union’s (EU) evolving renewables energy