POWER Magazine
JUNE 3, 2025
Technology group Meta, the parent of Facebook and Instagram, has signed a 20-year power purchase agreement with Constellation Energy to take about 1.1 GW of electricity from Constellation's Clinton Clean Energy Center in Illinois. Meta and Constellation on June 3 said the contract means the power plant will continue to operate beyond its expected closure in 2027.
OilPrice
JUNE 3, 2025
Venezuelas oil exports remained largely unchanged in May despite mounting pressure from the U.S. and the expiration of key licenses that once allowed limited sanctioned trade. Increased shipments to China helped offset a sharp drop in U.S.-authorized sales as state-run PDVSA scrambled to re-route barrels ahead of tightening sanctions. According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last monthdown only slightly from April
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POWER Magazine
JUNE 3, 2025
National Grid in the UK has begun construction of a new Uxbridge Moor substation complex in Buckinghamshire, a project designed to connect more than one dozen new data centers to the electricity provider's network. The post UK’s National Grid Investing Billions for Substation Site to Power Data Centers appeared first on POWER Magazine.
OilPrice
JUNE 3, 2025
OPEC+ did what everyone expected it to do last weekend, announcing another production ramp-up. Prices, however, did something that not everyone expected them to do: they went up. All eyes are now on demandand the disruption of supply. The eight members of OPEC+ that were keeping their production of crude oil under restraints agreed on Saturday to add another 411,000 barrels daily to their combined total in July after making identical agreements for May and June.
EnergyTrend
JUNE 3, 2025
Riyu Photovoltaic Plans Hong Kong IPO, Focusing on PV Silver Paste Manufacturing OnMay29,theofficialwebsiteoftheHongKongStockExchangeshowedthatJiangsuRiyuPhotovoltaicNewMaterialsCo.,Ltd.hadsubmitteditslistingapplication.BasedinWuxi.
OilPrice
JUNE 3, 2025
Liquefied natural gas (LNG) exports out of Russia fell by 3% in January through May from a year earlier, amid tighter EU restrictions on transshipment and U.S. sanctions on a new LNG project that cant find buyers yet. Russias LNG shipments dipped by 3% year-over-year to 13.2 million tons in the first five months of the year, Reuters reports, citing preliminary data from LSEG.
POWER Magazine
JUNE 3, 2025
Perovskite solar cells are a high-efficiency, low-cost alternative to traditional silicon-based solar panels. With the perovskite solar cell industry expected to reach $1.2 billion by 2033, theres enormous potential for […] The post Perovskite Solar Cells: What They Are and Why They Matter appeared first on POWER Magazine.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
Energy Transition
JUNE 3, 2025
After years of setbacks, the UK is finally pushing ahead with two carbon capture and storage projects. While there is scepticism about the technology, says Ros Taylor, its supporters argue the cost is justified if the UK means to reach net zero. UK Prime Minister Keir Starmer visits the carbon capture and storage facility at the Encirc Glass plant. Credits: Number 10 | Flickr, Public domain.
OilPrice
JUNE 3, 2025
Oil prices posted modest gains Tuesday, fueled by renewed geopolitical risk and signs of tightening supply, though upside may be limited by ongoing uncertainty around Iran and soft macroeconomic indicators. As of late morning, WTI crude was trading at $63.76 (+1.98%), and Brent at $65.74 (+1.72%). Both benchmarks built on Mondays nearly 3% rally after OPEC+ confirmed it would raise output by just 411,000 barrels per day in Julybelow what some market watchers feared.
Marcellus Drilling News
JUNE 3, 2025
Pennsylvania Governor Josh Shapiro is a typical liberal Democrat politician. He pretends to be moderate and a supporter of the Marcellus industry in the Keystone State. He is neither. Shapiro claims his proposed energy programs will cut costs for Pennsylvanians. The reverse is true. But were not just making blanket, unprovable assertions or opinions about.
OilPrice
JUNE 3, 2025
Unlike Russia and Oman, Algeria wasnt initially in favor of a pause in the OPEC+ oil production increases at this weekends meeting, Bachar El-Halabi, senior correspondent at Argus Media, reports, citing a senior source within the OPEC+ group. Initially, Russia and Oman two non-OPEC producers part of the OPEC+ alliance implementing the cuts since 2022 requested a pause in the monthly production increases, Argus Media has reported.
American Gas Association
JUNE 3, 2025
News True Blue Blog Where energy conversations come to life. The theme of this years financial forum: natural gas is fueling the moment, declared AGA VP, Membership and Strategic Development Edith Naegele at AGAs 2025 Financial Forum in Marco Island last week. The financial experts, investors, and industry professionals in attendance were clearly in agreement on the strong position of natural gas utilities.
OilPrice
JUNE 3, 2025
Authored by Rainer Zitelmann via RealClearMarkets, The most undervalued industry in the world is the space industry. It is particularly unappreciated in Europe, which has now fallen hopelessly behind the United States and China. The US carried out 153 launches last year, China 68 and Europe three. The science fiction author Arthur C. Clarke wrote back in 1977: The impact of satellites on the entire human race will be at least the same impact as the advent of the telephone in so-called developed
Cisco: Oil & Gas
JUNE 3, 2025
What happens when AI doesn't replace jobs, but fundamentally transforms how they're performed?
OilPrice
JUNE 3, 2025
Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 billion, including the target companys debt. The buyer will acquire Sitios net debt of approximately $1.1 billion as of March 31, 2025, the firms said on Tuesday. Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S. basins.
Marcellus Drilling News
JUNE 3, 2025
RBN Energy is reporting that ethane and butane exports for Enterprise Products Partners and possibly other NGL exporters are in doubt following a notice received from the U.S. Bureau of Industry and Security (BIS) flagging such exports to China as a security risk. Specifically, ethane and butane exports pose an unacceptable risk of use in.
OilPrice
JUNE 3, 2025
Refining capacity closures and resilient fuel demand have tightened global fuel markets in recent weeks, benefiting refiners globally. Refining margins have been rising this year and hit in May the highest global composite margin in more than a year. As the driving season begins and summer approaches, peak demand in the northern hemisphere is here. Refiners, including U.S. refining giants, are benefiting from the higher margins, although these margins are far below the record highs seen in 2022
Marcellus Drilling News
JUNE 3, 2025
Alice, get ready to go down the rabbit hole into litigation Wonderland. This post is about a Pennsylvania Supreme Court decision issued on May 30, 2025. In the case Commonwealth of Pennsylvania, Pennsylvania Game Commission v. Thomas E. Proctor Heirs Trust, the PA Supremes addressed a question from the Third Circuit Court of Appeals regarding.
OilPrice
JUNE 3, 2025
Via Metal Miner There are many hedge fund strategies organizations can employ to generate returns and manage risk. Now, metal buyers are looking to apply these same concepts to certain metals. Base metals like copper have seen notable swings so far in 2025. According to the CME group, copper oscillated in a roughly $4.55$4.80 per pound range throughout May as Chinese demand steadied and trade tensions eased.
Marcellus Drilling News
JUNE 3, 2025
On May 20, the Pennsylvania Department of Environmental Protection (DEP) issued notices of violations to XTO Energy, Inc. (a subsidiary of ExxonMobil) for failing to restore five multi-million gallon shale gas freshwater impoundments it used to support fracking operations in Butler County. The impoundments are required to be restored, which includes liners removed and the.
OilPrice
JUNE 3, 2025
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this time by 3.3 million barrels in the week ending May 30 after analysts had estimated a 900,000-barrel draw. The API reported a 4.236 million barrel inventory decrease in the prior week. So far this year, crude oil inventories are up more than 18 million barrels, according to Oilprice calculations of API data.
POWER Magazine
JUNE 3, 2025
Rolls-Royce said it will more than double its production of backup power generation systems for data centers, and build a new facility in Minnesota, as part of a $24-million investment in U.S. manufacturing. The post Rolls-Royce Commits $24 Million for U.S. Data Center Power Systems appeared first on POWER Magazine.
OilPrice
JUNE 3, 2025
Long reliant on gas to meet its energy needs, Singapore is now turning to regional interconnections, primarily via subsea cables, to link national grids and enable cross-border electricity trade. This shift aims to accelerate decarbonization and decouple domestic electricity prices from global gas market volatility.
Malcolm Graham Wood
JUNE 3, 2025
Oil continues to firm, a weak dollar and better supply and demand data is the reason. And Rockhopper has a great independent resource evaluation from NSAI but has lost the OM case. The post Flash blog: Rockhopper appeared first on Malcy's Blog.
OilPrice
JUNE 3, 2025
In recent years, Colombias oil production and reserves have been in decline and interest in investing in the countrys crude seemed limited in the post-pandemic landscape. In addition, President Petro has been vocal about supporting a green transition and restricting investment in new fossil fuel projects. However, in recent months, there has been a renewed interest in developing exploration and production.
CNBC: Energy
JUNE 3, 2025
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry.
OilPrice
JUNE 3, 2025
Brazils government is looking to extract some $6.2 billion from the countrys oil industry in a bid to shore up state finances, Bloomberg has reported, saying one way to get more money out of oil producers was by reviewing the reference prices used to set oil taxes. Another way to raise money from the oil industry that the government is considering is the sale of more exploration licenses, Bloomberg also wrote.
Enverus
JUNE 3, 2025
In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 billion, Andrew Dittmar, principal analyst at Enverus Intelligence Research provided this commentary explaining the deal’s significance: “While corporate mergers are a staple of oil and gas operators, they have been rare in the more sedate minerals space.
OilPrice
JUNE 3, 2025
While oil prices spiked due to a combination of OPEC+ underwhelming markets and wildfires in Canada, a rising geopolitical risk premium is lifting both Brent and WTI and is set to stick around for a while to come.- US-China trade war and OPEC+s flooding of oil markets with additional supply have lifted refinery margins across the world, with gasoline, jet fuel, and diesel cracks all staying in double digits since the beginning of May.
Energy Outlook Advisors
JUNE 3, 2025
In this episode of the Brussels Signal Horizon Podcast, Dr. Anas F. Alhajji discusses with @ralph-schoellhammer the complexities of the oil market, particularly focusing on OPEC and its role in managing oil production and prices. He emphasizes that OPEC is not a cartel but rather a necessary management entity for the oil market. The conversation delves into the historical context of OPEC´s formation, its evolution into OPEC Plus, and the future of oil management amidst changing global dynam
OilPrice
JUNE 3, 2025
Crude oil prices extended their climb that began Monday as concerns about supply security deepened. At the time of writing, Brent crude was trading at $64.85 per barrel and West Texas Intermediate was changing hands for $62.82 per barrel, after rising by about 3% on Monday, per Reuters. The benchmarks reacted to the latest escalation between Russia and Ukraine, which many seem to expect to spread to Russian oil targets, and to a report saying Iran was about to reject a U.S.
True Natural Gas
JUNE 3, 2025
When it comes to choosing a natural gas provider, the options can feel overwhelming. That’s why consumer investigator Dale Cardwell is proud to count True Natural Gas among his TrustDALE certified partners. “Gas is gas,” says Leslie Marlor, President of True Natural Gas. “All of the marketers are providing the same product. What we try to do is make a difference in how we serve our customers—with real, honest, straightforward pricing.
OilPrice
JUNE 3, 2025
BPs refinery in Rotterdam had both its crude units offline on Tuesday morning, Reuters reports, citing energy consultancy Wood Mackenzie. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday. This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance. As a result of the shutdowns, the 400,000-bpd oil refinery in Rotterdam now has both crude units offline.
The Energy Co-op
JUNE 3, 2025
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.
OilPrice
JUNE 3, 2025
The conversation about low-carbon hydrogen continued last week at the annual World Utilities Congress, hosted by the multinational energy and water company TAQA in Abu Dhabi. While the hoped-for future trade between Europe and the Middle East and North Africa (MENA) remained in focus, a shift in emphasis appeared. While national goals look increasingly dubious, progress is occurring in specific industry sectors guided by international agreements.
Oil & Gas 360º
JUNE 3, 2025
(Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ:VNOM) (Viper or the Company), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. (NYSE:STR) (Sitio) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitios net debt of approximately $1.1 billion as of March 31, 202
Cisco: Oil & Gas
JUNE 3, 2025
Today, Cisco is excited to add a new partner to our portfolio Monumental Sports & Entertainment (MSE). Our new multi-year collaboration will encompass the entire Monumental enterprise, including the NBAs Washington Wizards, NHLs Washington Capitals, WNBAs Washington Mystics, Monumental Sports Network (MNMT), and Capital One Arena. This new partnership will be an incredible platform for both our brands highlighting what becomes possible on the strength of Ciscos AI-ready technology.
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