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Austin, Texas (May 28, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, successfully concluded its annual EVOLVE Conference, held May 12–15 in Houston, Texas. The company’s flagship customer conference brought together more than 700 leaders, innovators and decision-makers from across the energy value chain to explore the future of energy through the lens of generative artificial intelligence, market transformation and operational
As many as 4,000 livelihoods are at risk after the owner of Britains largest bioethanol plant has warned it could shut within days, citing UK-US tariff policy. ABF, which owns the Vivergo Fuels plant in Yorkshire, has written to farmers warning it planned to suspend purchases of wheat used in the production process unless the government urgently steps in.
A battery energy storage system (BESS) described as the largest deployed to date in the European Union (EU) has been commissioned in Bulgaria. Officials with the country's Ministry of Energy said the 124-MW/496.2-MWh BESS, also the largest in the Balkans, supports the stability of Bulgaria's power grid along with its transition to the use of more renewable energy resources.
153MW/612MWh! CALB Zhijiu Battery Powers the Largest Energy Storage Project in Africa Recently,CALBprovidedhigh-performanceenergystoragecellsforAfrica'slargeststandaloneenergystoragesystemthe153MW/612MWhRedSandsBatteryEnergyStorageProj.
Saudi Arabias oil revenues have been suffering from the oil price slump during the second quarter. But theres a silver lining in falling crude prices profits from refining the crude rise with cheaper feedstock. While Saudi Arabia has been restricting crude oil production and exports as part of the OPEC+ deal, it has been running refineries at near-record levels this year and exporting record-high volumes of refined petroleum products.
Avangrid said it would invest $41 million across five projects in New York State to improve the capacity and reliability of the regional power grid. The company, a member of the Iberdrola Group, said the funding for the grid around Ithaca, New York, builds on Avangrids effort to modernize New Yorks electrical and gas infrastructure. The post Avangrid Investing $41 Million to Rebuild NY Grid Infrastructure appeared first on POWER Magazine.
Russia could consider adjusting the oil price level in its so-called budget rule amid falling oil prices, Finance Minister Anton Siluanov said on Wednesday. Under the budget rule, Russia has a baseline price of $60 per barrel of oil, above which it funnels excess revenue to its National Wealth Fund, a rainy-day reserves fund. However, when the price is below $60 per barrel as Russias crude grades have been for two months now Russia taps into the fund to offset shortfalls in revenue from oil an
Using hard facts, a post on the Capital Research Center website proves that the change from burning coal to produce electricity to burning natural gas has resulted in a significant decrease in carbon dioxide emissions in the U.S. From 2007 to 2023, American carbon emissions fell by 20 percent from an all-time high, and emissions.
Using hard facts, a post on the Capital Research Center website proves that the change from burning coal to produce electricity to burning natural gas has resulted in a significant decrease in carbon dioxide emissions in the U.S. From 2007 to 2023, American carbon emissions fell by 20 percent from an all-time high, and emissions.
Via Metal Miner Has the countdown to the end of Chinas steel dominance in its own and international markets begun? Some steel industry reports seem to indicate that this is exactly the case. Many chalk this up to a variety of factors, including a shift in steel demand dynamics, Chinas own poor internal demand, its efforts to turn to producing green steel and tariffs by other nations on cheap steel exports.
Last November, the East Kentucky Power Cooperative (EKPC), a nonprofit power generation and transmission electric utility with headquarters in Winchester, Kentucky, announced plans to build two new natural gas-fired power plants and convert its two existing coal-fired power plants to burn natural gas (see Kentucky Utility Plans to Build 4 New Gas-Fired Power Plants).
For most of the past century, energy producers could count on steady oil demand growth. From industrial development in China to population booms in emerging markets, the global appetite for oil kept expanding like clockwork. There were occasional exceptions, like the 2008-2009 recession and the demand slump from COVID-19, but global oil demand has increased at an average rate of about 1.2 million barrels per day (bpd) for nearly 60 years.
One of the significant stories of 2024 in the Ohio Utica was about Austin Master Services (AMS), a radiological waste management solutions company in Martins Ferry, Ohio, that handles fracking waste by transporting it for disposal. AMS ran into trouble when it ran out of money. The Martins Ferry facility in Belmont County, where waste.
The value of Russian crude oil exports have sunk in May to the lowest level in over two years, data on shipments and Russian crude prices compiled by Bloomberg showed on Wednesday. The volume of Russian crude oil exports in the four weeks to May 25 barely changed from the previous four weeks to May 18, but the value of the shipments dropped to the lowest level since April 2023, according to the data reported by Bloombergs Julian Lee.
Today's OPEC+ meeting is irrelevant to the oil market this summer. No decision on July's output will be made today; the V8 will decide on Saturday. Here are our expectations and their impact on the oil market: Subscribe now The eight OPEC+ members (The V8) who agreed to voluntary cuts began unwinding them in April. They decided to expedite the unwinding in May and June, likely extending to July.
Germany plans to do all it takes to keep the Nord Stream 2 pipeline offline, German Chancellor Friedrich Merz said on Wednesday at a news conference with Ukrainian President Volodymyr Zelensky in Berlin. We will do everything in this context to ensure that Nord Stream 2 cannot be put back into operation, Merz said, as quoted by Agence France-Presse (AFP).
On May 22, the International Gas Union (IGU) released its 16th annual 2025 World LNG Report, the worlds most comprehensive public source of information on key developments and trends in the LNG sector (full copy below). According to the report, todays LNG market is “poised to evolve rapidly” as commercial, political, regulatory, and environmental factors.
Suppose you wanted to get into the LNG business in the U.S. to take advantage of the global low-cost of supply advantage held by America. So the desire and the rationale are there, but youd like to avoid some of the headaches associated with building a liquefaction facility. Site selection, permitting, financing, and associated infrastructure to support moving field gas to your site; essentially 7-10 years worth of work and trouble before you ever make a dime.
Introduction As AI adoption accelerates across industries, businesses face an undeniable truth AI is only as powerful as the data that fuels it. To truly harness AIs potential, organizations must effectively manage, store, and process high-scale data while ensuring cost efficiency, resilience, performance and operational agility.
Demand for liquefied natural gas from the biggest importing regionAsiahas remained strong this year, although it has experienced a certain softening compared to last year. Prices are to blame for the softeningand theyre about to slide lower and reverse the demand trend. Asian LNG importers bought 112.45 million tons of LNG over the first five months of the year, Reuters Clyde Russell wrote this week, citing data from Kpler.
The question some in the oil markets are asking is will OPEC+ hike production again over the weekend for a third consecutive month in a row. The Oilholic is not among them - a hike is most likely coming, quite possibly of the same volume seen in the previous two announcements, i.e. 411k barrels per day (bpd). That's because OPEC has quite overtly shifted from defending a price level to protecting its market share, as yours truly said in a BBC interview this morning.
The OPEC+ group could start talks about establishing the baselines for individual members production quotas for 2027 as early as today, delegates from the alliance told Reuters on Wednesday. Some big OPEC producers, such as Iraq, the United Arab Emirates (UAE), and Kuwait, plan to raise their oil production capacity in the coming years. These countries have argued that they deserve higher baseline production levels as they expand capacity.
Columbia Gas Transmission LLC won its bid for a quick win against Ohio landowners in Hocking County, Ohio, who claimed the company breached certain agreements when deciding to plug a gas well. A federal judge granted summary judgment to Columbia because the landowners failed to show how the company didnt follow its responsibilities outlined in.
China is considering easing its recently imposed export restrictions on rare earth elements for European semiconductor companies, Chinese media reported on Wednesday, signalling that Beijing may be attempting to stabilize global supply chains amid mounting tech industry panic. In April, China added seven rare earth elements and related products to its export control list, making it mandatory for exporters to obtain licenses regardless of the end customer's nationality.
News True Blue Blog Where energy conversations come to life. Every spring, severe weather events have the potential to cause destruction in communities across the country. Floods, tornadoes and tropical storms can all disrupt the delivery of essential energy services but some types of energy are far more resilient than others against natural disasters.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, by 4.236 million barrels in the week ending May 23 after analysts had estimated a 1-million-barrel build. The API reported a 2.499 million barrel inventory increase in the prior week. So far this year, crude oil inventories are up more than 21 million barrels, according to Oilprice calculations of API data.
Oil has rallied on sanction talk on Russia and Venezuela. And today in 2024 results, Jersey Oil & Gas are upbeat about prospects, subject to the Government of course. The post Oil price, Jersey Oil & Gas. appeared first on Malcy's Blog.
Chinas Geo-Jade Petroleum has signed a swathe of major contracts that give Beijing control over Iraqs first fully integrated energy project. This comprises a development project to increase production at the Tuba oil field from 20,000 barrels per day (bpd) to 100,000 bpd, constructing a 200,000-bpd high-specification refinery, and building a 620,000 tonnes annual capacity petrochemical plant, according to Iraqs Oil Ministry.
A new solar technology is emerging that doesn't require massive rooftops or sprawling solar farms to work effectively. It is perovskite solar cells, thin enough to slip into the devices you already own, efficient enough to keep them running, and cheap enough to make energy independence accessible to everyone. The material still faces challenges but research is overcoming material.
After six years of reviews and delays, Australias federal government has approved a proposal that would see the operating life of its biggest and oldest LNG plant extended to 2070.
CALGARY, Alberta (May 28, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has published the latest installment in its quarterly report series tracking developments in U.S. carbon capture and sequestration (CCS) initiatives. This new report provides a comprehensive update on the expanding roster of Class VI wells, highlighting recent permit applications, status changes, approvals
The global appetite for critical minerals and rare earths is skyrocketing, according to a report issued by the International Energy Agency. China is the dominant player in terms of mining and refining, but Kazakhstan is the worlds leading producer of uranium, while Uzbekistan is expanding exports of uranium, copper and other rare earths. The IEAs Global Critical Minerals Outlook 2025 notes that global demand for lithium increased by 30 percent in 2024 over the previous years total.
(Oil Price) –This week, a private arbitration panel in London began hearing the arguments of U.S. supermajors ExxonMobil and Chevron regarding their rights to one of the worlds most lucrative oil projects. Guyanas Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. Hess Corp, and CNOOC of China.
China has asked its coal-fired power plants to boost stockpiles with domestic supply as authorities aim to push up local demand and prices, anonymous sources familiar with the matter told Reuters on Wednesday. Coal prices in China have been depressed this year, weighing on the profits and profitability of the coal producers. Chinas coal prices have dipped by about 20% so far in 2025.
(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. (Cheniere) (NYSE: LNG) announced today that its subsidiary, Cheniere Marketing, LLC (Cheniere Marketing), has entered into a long-term Integrated Production Marketing (IPM) gas supply agreement with Canadian Natural Resources Limited. Under the IPM agreement, a subsidiary of Canadian Natural Resources Limited has agreed to sell 140,000 MMBtu per day of natural gas to Cheniere Marketing for a term of 15 years,
Saudi Arabia may cut its official selling price for crude oil by as much as $0.40-$0.50 per barrel for Asian buyers, Reuters has reported, citing sources from the refining industry. The expected price cut concerns the flagship Arab Light grade that Saudi Arabia sells abroad, but other grades are also expected to see cuts, albeit smaller ones, at between $0.30 and $0.45 per barrel, according to the sources.
Touchstone Exploration are the largest independent onshore oil and gas producer in Trinidad. CEO Paul Baay joins Malcy to discuss recent developments such as the acquisition of the Central Block in Trinidad. The post Core Finance CEO Interview: Paul Baay of Touchstone Exploration appeared first on Malcy's Blog.
ExxonMobil intends to sell its 83% stake in its French business Esso SAF to Canada-based energy firm North Atlantic, the U.S. supermajor said on Wednesday. ExxonMobil France Holding has entered into exclusive negotiations with North Atlantics French subsidiary for both the proposed sale of its 82.89% majority shareholder interest in Esso SAF and the proposed sale of ExxonMobil Chemical France SAS.
(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). The launchwhich follows the merger of PetroSA, iGas and the Strategic Fuel Fundsignals the rise of an integrated oil company in South Africa, paving the way for greater accountability, efficiency and profitability in the countrys petroleum sector.
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