POWER Magazine
MAY 16, 2025
New transmission lines will help meet power needs this summer. Con Edison will energize newly constructed transmission lines in Brooklyn and Staten Island this month, helping to keep service reliable […] The post Con Edison Investing in Major Reliability Projects Serving Customers in Brooklyn and Staten Island appeared first on POWER Magazine.
OilPrice
MAY 16, 2025
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week. The total rig count in the US fell by 6 to 578 rigs, according to Baker Hughes, down 25 from this same time last year. The number of oil rigs fell by 1 to 473 after falling by 5 during the previous weekand down by 24 compared to this time last year.
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Marcellus Drilling News
MAY 16, 2025
Last November, Williams officially filed with the Federal Energy Regulatory Commission (FERC) to build an expansion of its mighty Transco pipeline system in the southeastern U.S., a project called the Southeast Supply Enhancement Project (see Williams Files with FERC to Expand Mighty Transco Pipe in Southeast). The SSE project will add 1.6 million dekatherms per.
OilPrice
MAY 16, 2025
The Ontario government has green-lit Ontario Power Generation to build the first of four Small Modular Reactors (SMRs) at the Darlington New Nuclear Project site. OPG says it will be the first commercial grid-scale SMR in North America, with an in-service target date of 2030, and the first new nuclear build in Ontario in more than three decades. Ontario government support for the CAD$20.9 billion project came after OPG received a Licence to Constructin April from the Canadian Nuclear Safety Comm
Cisco: Oil & Gas
MAY 16, 2025
Cisco IOS XE offers advanced programmability and automation capabilities that simplify network management and reduce complexity. By utilizing open, standards-based APIs such as NETCONF, RESTCONF, and gNMI, network administrators can efficiently provision and configure devices, minimizing manual errors.
OilPrice
MAY 16, 2025
Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural gas supply is more expensive for the cash-strapped North African country. State-controlled Egyptian General Petroleum Corporation (EGPC) is looking to buy via a tender nearly 2 million tons of fuel oil to be delivered in May and June, a source with direct knowledge of the plans told Bloomberg on Friday.
Cisco: Oil & Gas
MAY 16, 2025
At Cisco, we are building the core infrastructure of the AI era. As new solutions like Codex exemplify, the future of AI will be agentic. We envision a future where billions of AI agents are working together harmoniously on our behalf.
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Marcellus Drilling News
MAY 16, 2025
For the week of May 5 – 11, the number of permits issued to drill new wells in the Marcellus/Utica was up four from the previous week. Last week, 26 new permits were issued in the M-U. In the Keystone State (PA), 13 new permits were issued. The top permittee was Seneca Resources, which had.
OilPrice
MAY 16, 2025
Iran has put forward a proposal to the United States and its Gulf Arab neighbors in an attempt to accelerate negotiations and ease concerns about its nuclear program. The plan, presented by Iranian Foreign Minister Abbas Araqchi during a fourth round of talks with the United States in Oman on May 11, envisions the creation of a regional nuclear consortium that would include Iran, Saudi Arabia, and the United Arab Emirates, with the potential for American involvement.
POWER Magazine
MAY 16, 2025
Project manager Bechtel said construction of the 1.3-GW Mammoth Solar facility in Indiana is moving forward, with the company on May 16 saying the project kicked its construction activities into a higher gear this month. The post Major Indiana Solar Project Advances to Next Phase appeared first on POWER Magazine.
OilPrice
MAY 16, 2025
The United States is looking to close all loopholes Iran is using to sell its oil to China and warned Hong Kong-based banks last month against facilitating Iranian oil sales to Chinese buyers, Bloomberg reported on Friday, citing unnamed sources with knowledge of the development. In early April, a delegation from the U.S. Department of the Treasury visited Hong Kong, met with bankers in the city, and warned them against allowing Iran to use their services to facilitate payments in the Iran-China
Malcolm Graham Wood
MAY 16, 2025
Oil is unchanged after another poor day on Iranian news. Today TXP close the Central block, Sunda wrap the CLN and I write a wrap-up note on Zephyr. The post Oil price, Touchstone, Zephyr, Sunda, And finally… appeared first on Malcy's Blog.
OilPrice
MAY 16, 2025
Among Central Asian citizens, China now has a better image than the United States, according to a comprehensive survey of political attitudes. The Democracy Perception Index bills itself as the worlds largest annual study on how people perceive democracy. The 2025 edition features data collected from over 111,000 respondents in 100 countries worldwide, including Kazakhstan, Kyrgyzstan and Uzbekistan.
Marcellus Drilling News
MAY 16, 2025
The U.S. Energy Information Administration (EIA) estimates that the average number of wells completed simultaneously (simul-frac’d) at the same location in the Lower 48 states has more than doubled, increasing from 1.5 wells in December 2014 to more than 3.0 wells in June 2024. By completing (fracking) multiple wells at once rather than sequentially, operators.
OilPrice
MAY 16, 2025
Venezuelas state-run oil firm PDVSA is taking over crude shipments once managed by Chevron as sanctions drama and payment disputes derail the fragile oil dtente between Washington and Caracas. PDVSA just shipped a 920,000-barrel cargo of heavy Boscan crudepreviously exported exclusively by Chevronout of Venezuela bound for Malaysia, a known trans-shipment point for crude ultimately headed to China.
Marcellus Drilling News
MAY 16, 2025
MARCELLUS/UTICA REGION: Gov. Shapiro’s “Lightning Plan” tax credit, community energy pass PA House; OTHER U.S. REGIONS: NE needs natural gas, Dems block it; NATIONAL: A fraction of proposed data centers will get built; Storage build pressures natural gas futures; Natural gas price forecast – decline deepens after breaking key support levels; Energy private equity patiently.
OilPrice
MAY 16, 2025
Kuwait, one of the top OPEC producers in the Middle East, plans to invest as much as $50 billion to raise its oil production capacity to above 3 million barrels per day (bpd) over the next five years, Kuwait Petroleum Corporations deputy chairman and CEO, Shaikh Nawaf Al-Sabah, has said. Kuwait is planning to invest $9 to $10 billion annually in the next five years to increase oil production capacity, Arabian Gulf Business Insight (AGBI) quoted Al-Sabah as saying.
Marcellus Drilling News
MAY 16, 2025
West Virginia has more than 21,000 abandoned and orphaned oil and gas wells. Plugging them to prevent environmental problems is a thorny issue, as it is in other states like Pennsylvania and Ohio (and Texas, and Oklahoma, etc.). Regulatory hurdles make it expensive. A WV bill not previously on our radar made its way through.
OilPrice
MAY 16, 2025
As if the Permian wasnt enough, EOG Resources just picked up a juicy new onshore shale block in Abu Dhabi. Announced Friday, the U.S. shale heavyweight secured full operatorship of Unconventional Onshore Block 3 (UCO3), a nearly 900,000-acre stretch of oil-prone rock in the Al Dhafra region, smack in the middle of one of the most watched oil basins in the world.
Marcellus Drilling News
MAY 16, 2025
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook last week, the agencys monthly best guess about where energy prices and production will go in the next 12 months. In this latest assessment, EIA dropped its estimates for the Henry Hub spot price. The agency expects the HH price to average.
OilPrice
MAY 16, 2025
Texas-based utility Vistra Energy has struck a $1.9-billion deal for the acquisition of close to 2.6 GW worth of gas-powered generation capacity across several states from Lotus Infrastructure Partners. The seven power plants are located in New York, California, New England and parts of the U.S. spanning 13 states serviced by transmission company PJM Interconnection, Reuters reported.
EnergyTrend
MAY 16, 2025
Polysilicon and Wafer Prices Continue to Decline; Cell Price Drop Slowing Down PolysiliconThisweek,themainstreamconcludedpriceformonorechargepolysiliconisRMB38/KG,whilemonodensepolysiliconispricedatRMB36/KGandN-typepolysiliconisc.
OilPrice
MAY 16, 2025
In a flurry of coordinated geopolitical maneuvers, the United States has lifted key sanctions on Syria while positioning itself as the broker in a historic normalization process between Syria and Israel. At the same time, Turkeys Erdogan is getting a trade-off, with the Kurdistan Workers' Party (PKK) vowing to disband, ending a decades-long insurgency.
Oil & Gas 360º
MAY 16, 2025
(Oil Price) –Texas-based utility Vistra Energy has struck a $1.9-billion deal for the acquisition of close to 2.6 GW worth of gas-powered generation capacity across several states from Lotus Infrastructure Partners. The seven power plants are located in New York, California, New England and parts of the U.S. spanning 13 states serviced by transmission company PJM Interconnection, Reuters reported.
OilPrice
MAY 16, 2025
The United States overtook the United Arab Emirates (UAE) to become Indias fourth-largest crude oil supplier in April, after the Asian country boosted purchases from America to position itself for a better trade deal. Indias imports of crude oil from the United States jumped to 330,000 barrels per day (bpd) in April, up from 240,000 bpd in March and double compared to April 2024, according to data compiled by energy cargo tracking firm Vortexa cited by The Times of India.
Oil & Gas 360º
MAY 16, 2025
(Oil & Gas 360) – HOUSTON , May 16, 2025 / PRNewswire / — EOG Resources, Inc. ( EOG ) today announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA). The UCO3 concession area is 3,609 square kilometers, or nearly 900,000 acres, in an over-pressured, oil prone basin within the Al Dhafra region of Abu Dhabi.
OilPrice
MAY 16, 2025
Politics, Geopolitics & Conflict - Russia and Ukraine were holding their first direct peace talks in over three years on Friday in Istanbul, but with delegations devoid of either Putin or Zelensky. The Kremlin team is led by aide Vladimir Medinsky and Kyivs team is led by Defense Minister Rustem Umerov. Moscow continues to harden its position. Its made additional territorial gains recently and continues to demand NATO abandon Ukraine.
Oil & Gas 360º
MAY 16, 2025
This weeks Baker Hughes Rig Count shows that the U.S. decreased by 2 over last week, resulting in a total count of 576 rigs. Canada had a increase of 7 over last week, resulting in a total Canadian count of 121 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Granite Wash and Utica regions experienced an increase this week.
OilPrice
MAY 16, 2025
In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week well dig into some data and provide a bit of explanation on what drives the numbers. Lets take a look.
POWER Magazine
MAY 16, 2025
Global mining giant Rio Tinto said it will invest $1.2 billion to modernize a hydroelectric power plant in Quebec, Canada. The company on May 15 said the project is part of its bid to secure future aluminum production in the Canadian province. The money will pay for upgrades to the Isle-Maligne hydropower plant, which was commissioned in 1926 in Alma, Quebec.
OilPrice
MAY 16, 2025
I would imagine most energy investors, like me, have a somewhat tricky relationship with coal stocks. If you are interested in fossil fuels generally as an investment it is probably because you understand that, as much as some people will tell you otherwise, the world still needs conventional fuels. The rapid growth in electricity demand that comes with high-powered computing makes that inevitable.
Oil & Gas 360º
MAY 16, 2025
(World Oil) – Weatherford has signed a strategic agreement with Amazon Web Services (AWS) in a move that will transform its digital capabilities and help drive innovation in the energy sector. As part of this collaboration, Weatherford selected AWS as its preferred cloud provider and will migrate and modernize its cutting-edge software and hardware suite to AWS.
OilPrice
MAY 16, 2025
Crude oil futures reversed sharply lower by Thursday after beginning the week with a strong rally fueled by optimism over a temporary easing in U.S.-China trade tensions. Prices initially surged more than 4% as both countries agreed to suspend certain tariffs for 90 days, rekindling hopes for improved global trade flows and stronger oil demand. However, the bullish tone quickly faded midweek, replaced by heavy selling pressure tied to rising supply risks and bearish geopolitical signals.
POWER Magazine
MAY 16, 2025
TESCO Metering is proud to announce its recognition as one of the first manufacturers to achieve certification in the National Electrical Manufacturers Associations (NEMAs) new Make It Americanprogram. As a […] The post TESCO Recognized as Pilot Partner in NEMAs ‘Make It American’ Program, Reinforcing Commitment to U.S. Manufacturing and BABA Compliance appeared first on POWER Magazine.
OilPrice
MAY 16, 2025
Via Metal Miner The Renewables MMI (Monthly Metals Index) moved sideways, rising a slight 2.83%. Metals prices, including those for copper, steel, lithium and cobalt, have seen significant swings in recent weeks as U.S. companies scramble to source material before tariffs are imposed. For instance, U.S. copper prices surged in Q1 as buyers raced ahead of potential import restrictions, only to tumble in early April when China retaliated with steep tariffs on U.S. goods.
Marcellus Drilling News
MAY 16, 2025
We spotted a story that got us thinking. Pennsylvania is the #1 exporter of electricity in the country, exporting some 26% of all the electricity it produces. Such exports give the state an opportunity to profit from building more gas-fired power, leveraging cheap Marcellus gas. However, exporting electricity is a complex issue. PA State Senator.
OilPrice
MAY 16, 2025
National Grids annual profits rose by a fifth as it lauded stable growth against a backdrop of international economic uncertainty. On an underlying basis, pre-tax profit increased 20 per cent to 3.7bn over the 12 months ended 31 March. Earnings per share rose two per cent to 73.3p, ahead of previous guidance. National Grid announced a total dividend of 46.72p for its shareholders, which include major institutional investors such as Blackrock and Vanguard.
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