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In a hearing that underscored the mounting challenges facing the American power sector, industry leaders warned Congress that the nations power infrastructure is approaching a precarious juncture as unprecedented demand […] The post Lawmakers Scrutinize Power Sector’s Future as Surging Demand Raises Alarms appeared first on POWER Magazine.
The European Unions new emissions trading system, expected to take effect in 2027, is set to hike prices for home heating and transportation, research firm BloombergNEF says in a new report. The new EU Emissions Trading System for buildings, road transport, and small industry, dubbed ETS2, is scheduled to become fully operational in 2027.
U.S.-based energy tech company Baker Hughes is joining with Australia's Woodside Energy in an initiative to develop a lower-carbon power generation technology solution specifically designed for oil and gas, heavy industries, and other smaller-scale applications. The post Baker Hughes, Woodside Energy Developing Decarbonization Solution Utilizing NET Power Platform appeared first on POWER Magazine.
The eight OPEC+ countries that pledged additional voluntary output reductions in 2023 have announced that they will proceed with their plan to gradually roll back the reductions. A statement posted on OPEC's website on Monday revealed that Saudi Arabia, Russia, the United Arab Emirates, Iraq, Kuwait, Kazakhstan, Oman and Algeria will start unwinding a 2.2 million barrel per day cut from April.
A Netherlands-headquartered company focused on building infrastructure for the artificial intelligence (AI) sector said it plans to build a new data center in New Jersey. Nebius Group, based in Amsterdam, said the facility would be part of a phased development that would be expandable up to a total capacity of 300 MW. The post AI Infrastructure Group Will Build 300-MW Data Center in New Jersey appeared first on POWER Magazine.
Natural gas prices recently soared to their highest levels in two years, driven by a combination of extreme weather, supply constraints, record liquefied natural gas (LNG) exports, and global demand pressures. This surge has significant implications for consumers, industries, and energy markets worldwide. Severe Weather is Driving Demand Higher Arctic conditions across North America and Europe have dramatically increased heating demand, leading to higher natural gas consumption.
Electric Hydrogen, a global manufacturer of high-power electrolyzer plants, on March 6 announced a strategic partnership with Titan, a Texas-based process equipment manufacturing group, for the fabrication and assembly of its 100-MW electrolyzer plant product. The post Electric Hydrogen, Titan Join to Manufacture Electrolyzer Plants appeared first on POWER Magazine.
European leaders are set to urge EU authorities and Ukraine to intensify talks over a possible resumption of Russian gas transit through Ukraine. Slovakias Prime Minister Robert Fico has revealed that hes not ruling out the resumption of gas through Ukraine following the expiration of a 5-year transit deal between Moscow and Kyiv. Fico has been pushing President Volodymyr Zelenskiy to restart the transit, citing higher energy costs for Slovakia and the whole region.
European leaders are set to urge EU authorities and Ukraine to intensify talks over a possible resumption of Russian gas transit through Ukraine. Slovakias Prime Minister Robert Fico has revealed that hes not ruling out the resumption of gas through Ukraine following the expiration of a 5-year transit deal between Moscow and Kyiv. Fico has been pushing President Volodymyr Zelenskiy to restart the transit, citing higher energy costs for Slovakia and the whole region.
There are deadbeats in every industry, including (unfortunately) the oil and gas industry. Some O&G producers in West Virginia are gaming the system by not paying landowners/rights owners the royalties they are due. Typically, this does not apply to shale drillers, mostly larger companies. However, with (some, very few) smaller conventional drillers, they just don’t.
French President Emmanuel Macron said it would be "madness" to ignore the threat Russia has become for Europe and said he is open to discussing the extension of France's nuclear deterrence to Paris's allies on the Continent. His comments on March 5 come on the eve of an emergency meeting of European Union leaders set in Brussels to discuss ramping up military budgets, a key demand of the US administration amid concerns over Washingtons commitment to NATO and European security matters.
(World Oil) –Ecuadors President Daniel Noboa has ordered a consortium seeking to take over the nations top oil asset to pay an entry fee of $1.5 billion by March 11, moving up the deadline by more than three weeks. Noboa has warned he will cancel the deal without the early payment. The motive is simple: If they dont respond with the urgency the Ecuadorian people deserves, we will analyze other options, Noboa said, citing security and social spending needs in a letter to the public he poste
Mexicos state oil firm Pemex is holding discussions with crude buyers in Asia and Europe to potentially sell there its oil, which is now being taxed with a 25% tariff by its single biggest customer, the United States, a senior government official in Mexico told Reuters. The trade wars in North America began in earnest earlier this week after the U.S.
Dominion Energy plans to build small peaker electric generating plants in Chesterfield County, VA, near Richmond (see Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA). The Chesterfield Energy Reliability Center (CERC) calls for building four 250-megawatt gas-fired power plants (1,000 MW total) that can jump into action during the coldest and hottest.
As the first proper winter in Europe in three years is drawing to an end, the continent faces a race against time and prices to restock with natural gas for next winter. With gas in storage levels well below the stockpiles left at the end of the previous two winters, Europe will need extra efforts and money to refill inventories ahead of the 2025/2026 winter.
The European Unions idiotic methane regulations will be enforced beginning this year. Domestic (European) oil, gas, and coal companies must monitor, measure and report their emissions. The same restrictions would apply to energy imports from other countries, including the U.S. (see Europeans Presume to Impose Their Regulations on American Gas). The arrogant Europeans presume to.
The United States exported in February the highest crude oil volumes to India in more than two years as Indian refiners scramble for alternative supply after the latest U.S. sanctions on Russias oil trade. Last month, U.S. crude oil exports to India jumped to 357,000 barrels per day (bpd), according to vessel-tracking data from Kpler cited by Reuters.
In January 2023, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see OH Gov. Signs Bill Expanding Drilling in State Parks, NatGas Green). The law allows shale drilling under (but not on top of) Ohio state-owned land, including state parks. HB 507 encourages (pushes for) more drilling under state-owned. The post OH Dem Intros Bill to Force Disclosure of Frack Chemical Names first appeared on Marcellus Drilling News.
Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014. We are proceeding with promotion activities because the blocks have already been identified and the data is in place, Charles Sangweni, director general of Tanzanias Petroleum Upstream Regulatory Authority (PURA), told Bloomberg in an interview published on Thursday.
Oil stays under pressure today. Touchstone have published reserves more in line with company expectations and Hunting have produced a cracking set of figures with lots of upside. The post Oil price, Touchstone, Hunting. appeared first on Malcy's Blog.
Indonesia is going all-in on oil with a massive $12.5 billion refinery project, aiming to cut imports, boost energy security, and flex some refining muscle. The government announced plans for the 531,500-barrel-per-day facility, making it one of the largest in the regionbecause when youre an economy growing as fast as Indonesias, relying on imports just isnt cutting it anymore.
I dont think anyone will doubt theres a very strong distinction between what we do for work, and for our mental health. The post The beautiful link between applying for jobs and our mental health appeared first on Energy Voice.
Latin America has long been a dominant force in the global energy market, built on vast oil and gas reserves. While the world increasingly eyes renewable sources of energy for the future, hydrocarbons remain the bedrock of economic stability for the region. As energy demand evolves, national oil companies (NOCs) must not forsake oil, but rather ensure its competitiveness while prudently exploring emerging energy markets.
Abu Dhabis national oil company ADNOC has made its first trades via the S&P Global Platts pricing process for Dubai crude oil, in a rare move for a Middle Eastern producer, traders told Reuters on Thursday. Dubai crude is a key benchmark for setting the price of oil in the Middle East and the pricing of the crude that most Middle Eastern exporters sell to Asia.
Talks on resuming Iraqi oil flows to Turkey once again have ended in deadlock for the second time in a week despite Washington applying pressure to Iraq to resume the exports, Reuters has reported. Export flows to Trkiye's Ceyhan port stopped two and half years ago after Ankara halted Iraqs 450,000 barrels per day (bpd) of exports through the Iraq-Trkiye pipeline following an ICC ruling that Trkiye should pay Baghdad damages of $1.5 billion for unauthorized exports by the KRG.
Canadas largest oil and gas producer, Canadian Natural Resources (NYSE: CNQ), saw its net earnings halve for the fourth quarter of 2024 compared to a year earlier as the decline in oil prices more than offset record production. Canadian Natural Resources on Thursday reported US$793 million (C$1.14 billion) in net earnings for the fourth quarter, down from US$1.8 billion (C$2.6 billion) for the same period of 2023.
Turkmenistan is trying to shed its long-standing image as a hermit kingdom, at least when it comes to natural gas exports. Over the past few months, Ashgabat has gone on a deal-making binge that, over the long term, could significantly alter the European Unions energy-import pattern. The centerpiece of Turkmenistans gas export diversification push is a swap arrangement with Iran and Turkey under which Ashgabat is expected to supply Ankara with 1.
American manufacturing is experiencing a resurgence driven by growing support for locally made products, tax incentives and tariffs that encourage domestic production. Enverus Intelligence Research’s recent report, Reshoring Revival Powering U.S. Industry , explores the impact of this shift on the grid and assesses the nations ability to meet the rising demand for clean energy materials.
Join The Energy Co-op at our Annual Member Meeting and Conference. Who: Members and Friends of The Energy Co-op Where: The Inn at Swarthmore, Swarthmore, PA When: Saturday, June 9th, 8:30am 2:00pm What: The Annual Member Meeting and Conference brings together Co-op members, members of the community and representatives from other Co-ops and other organizations working on sustainable development in PA followed by the Co-op membership meeting.
MARCELLUS/UTICA REGION: Frack, Kathy, frack or New York will continue to be held over an energy barrel by Canada; OTHER U.S. REGIONS: US approves LNG export extension for Golden Pass; NATIONAL: EPA cancels 21 additional grants totaling $116M in 3rd round of cuts; USA Energy sec says we’re at the start of a new Manhattan. The post Other Stories of Interest: Thu, Mar 6, 2025 first appeared on Marcellus Drilling News.
How often have we read that shale energy doesn’t create jobs and isn’t the economic boom to local communities as advertised. The enviro-left peddles the lie that oil and gas companies get fat on profits while everyone else suffers. We have the perfect story that exposes the left’s lies about the economic benefits of shale. The post Shale a Game Changer for Youngstown, OH Compressor Company first appeared on Marcellus Drilling News.
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