POWER Magazine
APRIL 29, 2025
The clean energy transition is progressing rapidly, but this extraordinary transformation is not without its challenges: outdated power grids and a lack of balancing technology means that we are wasting […] The post The Key to More Clean Energy? Wasting Less of It appeared first on POWER Magazine.
Energy Transition
APRIL 29, 2025
The EU promised a renewable energy future – but is it still on track? As political shifts, policy delays and legal battles unfold, the energy transition faces new hurdles. Are we still moving forward, or is Europe starting to backpedal? Seden Anlar reports. Once upon a time – 2019, to be exact – the European Green Deal was the golden child of EU policy.
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OilPrice
APRIL 29, 2025
It looks like the post-COVID commodity party is over - with the World Bank predicting a rather bleak end. In its latest report, the bank predicts that global commodity prices will plunge 12% in 2025 and another 5% in 2026, dragging them all the way back to their pre-pandemic levels. The World Bank expects energy prices, specifically, to fall 17% to their lowest levels in five years, and then another 6% next year.
POWER Magazine
APRIL 29, 2025
The commercial solar industry, now more than 50 years old, is facing a pivotal moment. Years of rapid growthdriven by exponentially falling costs and rising demandare running up against global supply chain instability, geopolitical tensions, and structural vulnerabilities in the latest module designs. The post Solar and Steel Offer Resilience Against Breakage, Tariffs, Supply Chain Woes appeared first on POWER Magazine.
OilPrice
APRIL 29, 2025
Amazon (NASDAQ:AMZN) and Nvidia (NASDAQ:NVDA) have said that all options, including oil and gas, are on the table as tech giants continue to grapple with surging power demand by AI workloads. Energy and tech executives have gathered at the Hamm Institute for American Energy in Oklahoma City to discuss how the U.S. can meet the growing energy needs for AI data centers.
POWER Magazine
APRIL 29, 2025
As wind and solar dominate global investment in renewable energy, hydropowers potential to enhance grid resilience and expand energy supply remains largely untapped, and that potential is only expanding with the integration of advanced technologies like artificial intelligence (AI). The post Modernizing Hydropower to Maximize its Potential appeared first on POWER Magazine.
OilPrice
APRIL 29, 2025
If oil had a face right now, it would be grinning awkwardlyand Morgan Stanley cant look away. According to the banks latest note, the Brent crude forward curve has twisted itself into a bizarre shape: its sloping down hard across the first nine contracts, then turning upward into 2026. In Morgan Stanleys words, there is little historical precedent for this lopsided smile.
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OilPrice
APRIL 29, 2025
Africa is set to play a pivotal role in the global gas industry in the coming years as the worlds liquefied natural gas (LNG) production capacity soars from 486 million tonnes per annum (Mtpa) last year to 755 Mtpa in 2030, according to Rystad Energys latest projections. This explosive growth will be fueled by rising gas demand in regions with limited local production or access to pipeline supplies.
POWER Magazine
APRIL 29, 2025
Camille Bauer Metrawatt AG, a member of the GMC-Instruments Group, extends the functionality of its mains analyzers, introducing the new PME radio modules 3P and 3PN, which make full-fledged energy […] The post New Radio Modules Boost Energy Data Acquisition appeared first on POWER Magazine.
OilPrice
APRIL 29, 2025
First it was grey, then it was blue, later it was green, now its whitethese color codes for types of hydrogen depending on sourcing have seen a lot of hype in recent years. Grey hydrogen produced from fossil fuels and blue hydrogen produced from natural gas with accompanying carbon capture and storage (CCS) are by no means clean energy sources.
Marcellus Drilling News
APRIL 29, 2025
Isn’t it shameful how major Ivy League universities, like Cornell, Harvard, and now Dartmouth, sell out to the radicalized left? They offer up (sell) their prestigious names to be plastered on blatantly fake research studies that bash fossil energy. In a new study published in Nature, researchers from Dartmouth College have compromised their integrity, arguing.
OilPrice
APRIL 29, 2025
The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024. Last September, the owner of Scotlands Grangemouth refinery, Petroineos, announced plans to close the crude processing facility as it has been struggling to compete with the new complex facilities in Asia, Africa, and the Middle East.
Marcellus Drilling News
APRIL 29, 2025
A power project we’ve been tracking since 2017 is a 620-megawatt (MW) Marcellus-fired electric plant in Greene County, PA, called the Hill Top Energy Center (see our stories here). In 2019, investment firm Ardian, based in Paris, France, announced that it had purchased a 41.9% stake in the project, becoming the majority owner (see SWPA.
OilPrice
APRIL 29, 2025
Post-pandemic demand and the Ukraine invasion delivered windfall profits for oil and gas supermajorsbut the rebound was short-lived. Falling prices, rising volatility, and accelerating clean energy investment have exposed structural weaknesses. To stay competitive, incumbents must rethink strategy. Emerging and state-backed players are already leading the way, leveraging diversification and innovation to future-proof their positions.BP logged a record $28 billion profit in 2022, which dropped to
Marcellus Drilling News
APRIL 29, 2025
In January, MDN brought you the news that TECfusions, based in Tampa, Florida, had purchased 1,395 acres in Upper Burrell (Westmoreland County), PA, for a groundbreaking data center project called TECfusions Keystone Connect (see Massive 3 GW Gas-Fired AI/Data Center Coming to Southwest Pa.). The site is the old Alcoa R&D campus and the surrounding.
OilPrice
APRIL 29, 2025
Canadian energy producers are focusing more on natural gas as oil prices suffer the combined effects of the U.S. presidents tariff offensive against the world and OPEC+s decision to change tack and boost output. The Western Canadian Select benchmark dived from about $59 per barrel at the start of April to just $50 per barrel now. Yet drillers started turning to natural gas to regain their balance much earlier than April.
Marcellus Drilling News
APRIL 29, 2025
Sometimes it’s hard to figure out why people (and companies) choose to “bite the hand that feeds them.” Here’s a case in point. Last Friday, a group of electric and gas utilities urged the Federal Energy Regulatory Commission (FERC) to launch an inquiry to consider options for improving gas pipeline reliability.
OilPrice
APRIL 29, 2025
Electricity is being restored across Spain and Portugal after a massive outage left the two countries in chaos for most of Monday, grounding flights, forcing evacuations from metro stations, and bringing life to a standstill. On Monday midday, a sudden massive outage hit the electricity transmission systems of Spain and Portugal, and briefly parts of France, in a very rare blackout in Europe, whose causes are yet to be determined.
Marcellus Drilling News
APRIL 29, 2025
In December 2022, the New Jersey Board of Public Utilities (BPU) approved permission for New Jersey Natural Gas (NJNG) to build a pipeline regulator station in Holmdel, New Jersey. What does a regulator station do? It reduces pressure on the existing underground natural gas pipelines in the area, which run underneath Holmdel Township and throughout.
OilPrice
APRIL 29, 2025
INEOS founder Sir Jim Ratcliffe has slammed UK net zero policies as unaffordable and claimed carbon taxes are killing manufacturing. The Manchester United co-owner described payments to be made by INEOS Grangemouth as part of the UK Emission Trading Scheme (ETS), which puts a financial cost on carbon emissions, as yet another tax bill that would prevent investment in green technology.
Marcellus Drilling News
APRIL 29, 2025
Dominion Energy and its operations in Chesterfield County, Virginia (near Richmond) are in the news again, but not for the same reason you may think. We previously told you about Dominion’s project to build a peaker electric generating plant in Chesterfield (see Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA). The Chesterfield.
OilPrice
APRIL 29, 2025
India is ramping up purchases and imports of crude oil from the United States ahead of crucial talks on the U.S. tariffs next month. As many as 11.2 million barrels of U.S. crude are on route to arrive in India in June, per data from analytics firm Kpler cited by Bloomberg. This would be the highest U.S. crude volume arriving in India since August 2024.
Enverus
APRIL 29, 2025
CALGARY, Alberta (April 29, 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 report examining how much load can be connected at different independent system operators (ISOs) without the buildout of new network infrastructure.
OilPrice
APRIL 29, 2025
Over the past week, European nations largely represented by France, Germany, and the United Kingdom have tried their best to engage in talks between the United States, Ukraine, and Russia. There were a number of rather successful high-level meetings in Paris on April 17 and one in London six days later that ended up being politically downgraded after Secretary of State Marco Rubio and special envoy Steve Witkoff pulled out.
Malcolm Graham Wood
APRIL 29, 2025
Oil is down a dollar today as the prospect of Opec+ at the weekend haunts the market. Today figures from Arrow show how well the company is doing and Touchstone get a short extension in their acquisition in Trinidad. Southern's figures are historic, going forward looks more exciting and Prospex have had a technical problem at Viura whilst for Star its all uphill.
OilPrice
APRIL 29, 2025
The tariff threats could reduce electricity demand in Europe as investors could be more hesitant to invest in new factory capacity amid the ongoing trade wars, the top executive of Swedish utility giant Vattenfall told Reuters on Tuesday. I think we see a bit of hesitation when it comes to investments and the next steps, and that could possibly delay the increased (power) demand somewhat, Anna Borg, chief executive officer at Vattenfall, told Reuters.
Marcellus Drilling News
APRIL 29, 2025
Local municipalities with radical political leaders, along with some “blue” states run by radical Democrats, have attempted to strip away the right of their citizens to freely choose which energy source they want to use. It’s about as anti-American as it gets, against the very founding of this country. Yet it happens.
OilPrice
APRIL 29, 2025
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 3.76 million barrels in the week ending April 25, after analysts had estimated a much smaller 390,000-barrel build. The API reported a 4.565 million barrel dip in the prior week. So far this year, crude oil inventories are up more than 23 million barrels, according to Oilprice calculations of API data.
Oil & Gas 360º
APRIL 29, 2025
(Oil & Gas 360) –Join us as we celebrate three decades of bringing together the energy industrys companies, investors, analysts, and industryleaders! Investors are encouraged to register for EnerCom Denver The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com A robust list of companies has confirmed their participation, and more are being added daily Sponsorship opportunities are available for companies seeking to
OilPrice
APRIL 29, 2025
Chinese state-held oil and gas giant CNOOC booked lower net profit for the first quarter of 2025 as lower oil prices more than offset increased production. CNOOC, which specializes in offshore oil and gas developments in China and internationally, reported on Tuesday a net profit attributable to equity shareholders of $5 billion (36.56 billion Chinese yuan) for the first quarter, down by 7.9% compared to the same period of 2024.
Oil & Gas 360º
APRIL 29, 2025
Publisher’s Note: Flotek Industries will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025. Register to attend. (Oil & Gas 360) – HOUSTON , April 28, 2025 / PRNewswire Opens in new window / — Flotek Industries, Inc. (“Flotek”) (NYSE: FTK) and ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”) today jointly announced Flotek’s acquisition of power generation assets and related intellectual property (the “Acquired
OilPrice
APRIL 29, 2025
PetroChina, the largest oil and gas producer in China, reported on Tuesday a net profit for the first quarter up by 2.3%, becoming the only state oil giant to book higher Q1 earnings compared to a year earlier. PetroChina booked a net profit of $6.4 billion (46.8 billion Chinese yuan) for the first quarter, up by 2.3% from the same period of 2024. The companys average realized price for crude oil was $70.00 per barrel in the first quarter, down by 7.2% compared with $75.41 per barrel for the sam
Oil & Gas 360º
APRIL 29, 2025
Publisher’s Note: New Era Helium will present at EnerCom DenverThe Energy Investment Conference on August 17-20, 2025. Register to attend. (Oil & Gas 360) –MIDLAND, TexasApril 29, 2025. New Era Helium, Inc. (Nasdaq: NEHC) (NEH or the Company), an exploration and production (E&P) company sourcing helium from natural gas reserves in the Permian Basin, today announced it will commence its infrastructure buildout within the Pecos Slope Field within the next two weeks as it has se
OilPrice
APRIL 29, 2025
China is still building new coal-powered generation capacity abroad despite a pledge made in 2021 to stop it and focus on transition technology. According to a new report by climate think tank Global Energy Monitor, China is involved in 88% of new coal power capacity projects in new BRICS members. Chinese firms are backing 7.7 GW of new coal, virtually all found in Indonesia, despite President Xis pledge to end support for overseas coal projects, Global Energy Monitor said.
Oil & Gas 360º
APRIL 29, 2025
(World Oil) – Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (MMtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029. Development of Louisiana LNG will position Woodside to deliver approximately 24 Mtpa from its global LNG portfolio in the 2030s, and operating over 5% of global LNG supply. 1 The development has expansion capacity for two additional LNG trains and is fully permitted for a total capacity of 27.6 Mtpa.
OilPrice
APRIL 29, 2025
Azerbaijani media outlets are characterizing a recent visit to Baku by the EUs top foreign policy official as a landmark event during which Brussels demonstrated a desire to abandon previous stereotypes and recognize Azerbaijan as a key partner. Kaja Kallas, the EUs High Representative for Foreign Affairs and Security Policy, held talks with President Ilham Aliyev, Foreign Minister Jeyhun Bayramov and other top officials on April 25.
Oil & Gas 360º
APRIL 29, 2025
(Oil Price) –BP ( NYSE: BP ) is reducing by $1 billion its quarterly share buyback program after reporting weaker-than-expected earnings, significantly lower cash flow, and rising net debt for the first quarter. The UK-based supermajor, which has been under intense pressure from activist investor Elliott to cut costs and boost share performance, reported today an underlying replacement cost (RC) profit the closest metric to net profit of $1.38 billion for the first quarter.
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