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Despite high-profile pushbacks against renewable energy and a rapidly changing policy environment, the global clean energy transition has picked up speed over the last year. While the last few years have seen slow and stuttering progress toward decarbonization goals, countries around the world are finally gaining momentum in building up cleaner and greener energy grids as 2030 benchmarks loom just around the corner.
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Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE and OCP, halted flows due to worsening erosion in the Amazonian province of Napo. The company suspended activities this week to prevent further damage to critical infrastructure as erosion along the Coca River continues to threaten oil transport lines and the Coca Codo Sinclair hydroelectric plant, Ecuador’s largest.
The Federal Energy Regulatory Commission (FERC) took several steps in June to slash red tape and speed the construction of natural gas projects in the U.S. interstate and export markets. This is the latest in state and federal efforts to reduce the years-long legal battles around energy infrastructure and quicken the development of vital projects such as pipelines and LNG terminals.
OPEC+ will ramp up oil production more aggressively than anticipated in August, accelerating the rollback of its 2023 voluntary supply cuts in a bid to capture market share amid peak summer demand. At a virtual meeting Saturday, eight core members led by Saudi Arabia agreed to add 548,000 barrels per day (bpd) to global supply—exceeding earlier expectations of a 411,000 bpd hike.
A utility that serves customers in Missouri announced it plans to build an 800-MW natural gas-fired power plant, along with the company's first large-scale battery energy storage facility, at a site near St. Louis. The post Missouri Utility Plans New 800-MW Gas-Fired Plant, Will Include Energy Storage appeared first on POWER Magazine.
For decades, researchers have been assessing the potential to develop nuclear fusion reactors, capable of producing abundant clean energy. However, despite several breakthroughs in recent years, most scientists agree that we are far from achieving the commercial rollout of this technology. Nevertheless, the barrier has not stopped widespread investment in the technology, the most recent of which came from U.S. tech giant Google.
Marcellus/Utica natural gas production grew by leaps and bounds in the 2010s, but the pace of growth has slowed dramatically in recent years, mostly due to takeaway constraints. Finally, the prospects for renewed growth are improving. New pipeline capacity out of Appalachia is coming online — especially to the booming Southeast, and maybe the Gulf Coast too.
Marcellus/Utica natural gas production grew by leaps and bounds in the 2010s, but the pace of growth has slowed dramatically in recent years, mostly due to takeaway constraints. Finally, the prospects for renewed growth are improving. New pipeline capacity out of Appalachia is coming online — especially to the booming Southeast, and maybe the Gulf Coast too.
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It’s shaping up to be an incredible year for U.S. LNG growth, with record levels of feedgas demand and exports along with progress on the regulatory front, as the Trump administration has cleared away hurdles that had previously stalled project development. Now, Cheniere Energy has announced a positive final investment decision (FID) on its Corpus Christi Midscale expansion.
Low global oil stockpiles were a major motivating factor in prompting OPEC+ members to raise production by 548,000 barrels per day in August at the group’s meeting on Saturday, the Russian government said in a statement.
Canada’s energy industry has seen more than its share of merger-and-acquisition activity this year. The latest big deal involves the midstream sector, with Keyera agreeing on June 17 to buy Plains Midstream Canada’s NGL business in Canada for C$5.15 billion ($3.75 billion). The purchase will transform Alberta-focused Keyera into a nationwide NGL machine and caps its very busy first half of 2025.
The Pennsylvania Oil Companies Directory is a compiled directory of oil & gas companies operating in PA that focus on the Appalachian basin Basin, one of the most prolific oil and gas-producing regions in the United States. Purchase Complete Directory – Only $10.00 Purchase Now Here is a summary of the information included in the list. Account Name – Name of the company or entity.
The OPEC+ group of eight, the V8, which made voluntary cuts and began unwinding them in April, met virtually today and decided to raise the production ceiling by 548 kb/d in August, four times the initial increase planned last December. This exceeded market expectations, including ours, of 411 kb/d. Here is an excerpt from the press release “ In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with
The North Dakota Oil Companies Directory is a compiled directory of oil & gas companies operating in ND that focus on the Williston Basin, one of the most prolific oil and gas-producing regions in the United States. Purchase Complete Directory – Only $10.00 Purchase Now Here is a summary of the information included in the list. Account Name – Name of the company or entity.
The U.S. is bracing for a reality where artificial intelligence and data centers overwhelm the power grid, and rightfully so, as America seeks to lead the global AI race. But this push is coming at the same time that the federal government is reshuffling fiscal priorities and prioritizing energy independence. While that dynamic may seem like a challenging juxtaposition, one thing is clear: regardless of political affiliation or preferred priority, if the U.S. wants to lead the world in AI, it mu
By John Lee. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions targeting networks involved in transporting and purchasing Iranian oil, including a group of companies led by Iraqi businessman Salim Ahmed Said. The U.S. alleges that Said's network smuggled Iranian oil disguised as, or blended with, Iraqi oil, generating substantial profits while benefiting Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), which is designated as a For
In March 2024, Canada’s then resource minister, Jonathan Wilkinson, declared, “We are not interested in investing in LNG facilities.” This month, LNG Canada, the country’s first operating export terminal for the fuel, shipped its first cargo. Many believe this is the beginning of a beautiful friendship between Canada’s energy resources and world markets.
At one point during a grueling 110-day tour in the obliterated frontline Ukrainian city of Toretsk, Dmytro, a soldier with Ukraine’s 100th Separate Mechanized Brigade, listened in to the radio traffic among Russian soldiers. “We repeatedly heard commanders’ orders to the stormtroopers: ‘Don’t take anyone alive’,” he said in an interview last month in Kramatorsk, about an hour’s drive to the northwest.
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