OilPrice
MAY 21, 2025
This summer, solar power generation globally could exceed electricity from nuclear power plants for the first time ever, as solar capacity soars and sunlight and daylight hours are long in the northern hemisphere. Global solar power generation jumped by 34% in the first quarter of 2025 from the same period in 2024, according to data from Ember cited by Reuters columnist Gavin Maguire.
Marcellus Drilling News
MAY 21, 2025
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” That quote is attributed to Adolf Hitler, a master of lying propaganda. The environmental left is also a master at lying propaganda. Like this lie: “Solar is now cheapest electricity in history, confirms IEA.” That’s a lie.
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OilPrice
MAY 21, 2025
Russias top oil producer, state-controlled Rosneft, has acquired the company that holds the license to operate and develop a giant rare earths deposit in Siberia, the largest such reserve in Russia and one of the worlds biggest. Rosneft has taken over control of Vostok Engineering, the company which holds the license for the Tomtor rare earth metals deposit in Yakutia, the Russian national companies registry showed on Wednesday.
Marcellus Drilling News
MAY 21, 2025
The oil and gas industry is large and complex, including how companies raise money to drill new wells. One of the ways companies get financing to drill is via partners that invest but don’t take an active role. It’s called being a non-operated (non-op) owner or partner.
OilPrice
MAY 21, 2025
One of the most difficult sectors to decarbonise is freight, and yet its one of the industries we most rely on in the modern world. While several countries are making leaps and bounds in terms of renewable energy production, little progress has been seen in decarbonising hard-to-abate sectors, despite the introduction of several national policies and international targets.
POWER Magazine
MAY 21, 2025
The Federal Energy Regulatory Commissions (FERCs) 2025 Summer Energy Market and Electric Reliability Assessment has forecast higher wholesale electricity prices this summer in most regions. The assessment, published May 15, […] The post FERC Anticipates Higher Energy Prices This Summer appeared first on POWER Magazine.
OilPrice
MAY 21, 2025
India is on track to import nearly 1.8 million barrels per day (bpd) of crude oil from Russia in May, which would be a 10-month high, according to vessel-tracking data by Kpler. Indian refiners have increased buying activity for lighter Russian grades, such as ESPO, showed the Kpler data cited by Reuters. The strong Indian imports of ESPO crude are set to continue in June and July as refiners have booked more than 10 cargoes of the grade loading in June, traders told Reuters.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
MAY 21, 2025
A new study has found that increasing renewable energy may not necessarily reduce fossil fuel production in the United States. Published in the Journal of Environmental Studies and Sciences, the study found no correlation between the production of fossil fuels and renewable energy, suggesting that producing more renewable energy does not automatically mean that fossil fuel production will decline.
Marcellus Drilling News
MAY 21, 2025
Gas-fired power plants in the Marcellus/Utica region (and beyond) continue to change hands at a dizzying pace. Last week, MDN brought you the news that NRG Energy agreed to acquire LS Powers portfolio of natural-gas power plants in a deal valued at roughly $12 billion, including debt, that will expand NRGs footprint in Texas and.
OilPrice
MAY 21, 2025
Chevron confirmed Wednesday that a fire has injured at least 17 workers and left one missing on its Benguela Belize Lobito Tomboco (BBLT) offshore platform in Angola. The fire started on Tuesday, with details released to Reuters on Wednesday by Chevron subsidiary Cabinda Gulf Oil Company Ltd. (CABGOC), which operates the platform. Emergency teams are continuing search-and-rescue operations for the missing worker, while four of the injured reportedly remain in serious condition.
Energy Outlook Advisors
MAY 21, 2025
May 21, 2025 New interview: Energy Politics, Oil, and LNG Subscribe now EOA’s Main Takeaway Read more
OilPrice
MAY 21, 2025
Crude oil prices, which had been on the rise earlier this week, retreated partially following a report of an inventory build in the United States that traders apparently did not expect as well as uncertainty surrounding geopolitical developments in the Middle East. At the time of writing, Brent crude was trading at $64.82 per barrel and West Texas Intermediate was changing hands for $61.50 per barrel, both down from Wednesdays close.
Malcolm Graham Wood
MAY 21, 2025
Oil is quiet as Israel weighs up attacking Iranian nuclear operations. And Europa swaps Wressle cash for up front payment. The post Oil price, Europa Oil & Gas. And finally… appeared first on Malcy's Blog.
OilPrice
MAY 21, 2025
SSE, a major energy company and renewable projects developer in the UK, is reducing spending on renewables in its five-year plan to 2027 by $2 billion (1.5 billion) in a changing macro environment, in yet another blow to Britains clean energy ambitions. SSE said on Wednesday that it is reducing its five-year investment expectations by $4 billion (3 billion) to around $23.4 billion (17.5 billion).
Marcellus Drilling News
MAY 21, 2025
The Marcellus/Utica region is the United States’ top natural gas production area, accounting for about one-third of the country’s daily output. Natural gas production in the M-U has soared from 2 Bcf/d (billion cubic feet per day) to over 33 Bcf/d today in the past 15 years. Growth has slowed in recent years due to.
OilPrice
MAY 21, 2025
Continental Resources, the U.S. shale producer, has estimated that the Diyarbak?r basin in Turkeys southeast has a reserve of 6.1 billion barrels of shale oil, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, has said. Turkey's current annual (crude) oil import amounts to 365 million barrels. So a 6.1 billion barrel reserve is a great figure, Reuters quoted Bayraktar as saying in southeast Turkey.
BOE Report
MAY 21, 2025
Producers are pushing ahead with liquefied natural gas projects, banking on urbanisation and the technology sector to drive global power demand and outweigh such challenges as potential oversupply, rising project costs, and tariff uncertainty. LNG is widely seen as a transition fuel on the path to net-zero emissions.
OilPrice
MAY 21, 2025
With the ink still drying on the European Union's freshly printed 17th sanctions package on Russia, work is already under way on a next step that European leaders say will be "massive." But some analysts warn that, in many ways, the EU has already played its best cards and doesn't have many left, especially at a time when Washington seems reluctant to join in as it pushes peace talks between Kyiv and Moscow.
BOE Report
MAY 21, 2025
VANCOUVER, BC, May 22, 2025 /CNW/ – Canada could help significantly reduce global greenhouse gas emissions by increasing natural gas production and exporting the additional supply to Asia in the form of liquefied natural gas (LNG), according to a new study from the Fraser Institute, an independent, non-partisan Canadian public policy think tank.
OilPrice
MAY 21, 2025
Chinas economy is set to grow at lower rates than previously expected as the U.S.-China trade war will take its toll on the GDP of the worlds second-largest economy after the United States. Yet, figures about Chinese power generation and consumption havent droppedconsumption has even held strong at the start of the year. The manufacturing sector, which accounts for two-thirds of Chinas power demand, continues to grow, but growth slowed in April to 6.1% from a year earlier, from a 7.7% increase i
EnergyTrend
MAY 21, 2025
Breaking News! Panasonic Delays US Battery Plant Plans AccordingtoWechatOfficialAccount@ofweeklibattery,recently,foreignmediareportedthatPanasonicHoldingshasadjusteditsbatteryproductionplansduetoslowingglo.
OilPrice
MAY 21, 2025
Indonesian natural gas producers have signed a multi-party gas swap agreement with Indonesian and Singaporean traders aimed at increasing gas supply security in western Indonesia. As gas production in Sumatra in western Indonesia is falling, local companies and regulators looks to redirect domestic gas supply to meet local demand while selling overseas gas from other areas.
Oil & Gas 360º
MAY 21, 2025
Vancouver, British Columbia–(Newsfile Corp. – May 15, 2025) – Stardust Solar Energy Inc.
OilPrice
MAY 21, 2025
The International Energy Agency is spotlighting Uzbekistan for the countrys rapid embrace of electric vehicles. An IEA report, titled Global EV Outlook 2025, notes that electric vehicle sales have skyrocketed in Uzbekistan, making the country the leading adopter in Central Asia. The report adds that the cost of imported electric vehicles has fallen almost threefold in recent years.
Oil & Gas 360º
MAY 21, 2025
Existing customer to increase conversion of steam traps to GEM traps at one of its European sites…
OilPrice
MAY 21, 2025
Crude oil inventories in the United States saw an increase of 1.3 million barrels during the week ending May 16, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a build in US crude oil inventories of 2.499 million barrels in U.S. crude oil inventories with draws in gasoline and dist
Oil & Gas 360º
MAY 21, 2025
Calgary, Alberta–(Newsfile Corp. – May 13, 2025) – Trican Well Service Ltd.
OilPrice
MAY 21, 2025
Half of Chinas truck sales are set to be electric vehicles by 2028, according to the top executive of Chinese battery giant CATL, which holds more than a third of the global EV battery market. Trucks with CATL batteries could cut cost per ton-kilometer by 35% versus trucks running with internal combustion engine, CATLs chairman and chief executive officer, Robin Zeng, told the Financial Times in an interview.
Oil & Gas 360º
MAY 21, 2025
Vancouver, British Columbia–(Newsfile Corp.
OilPrice
MAY 21, 2025
Via Metal Miner The Copper Monthly Metals Index (MMI) retraced to the downside with a 4.23% decline from March to April. Looking at copper prices today, analysts seem to be struggling with ongoing trade policy shifts. Copper Prices Zigzag Amid Uncertain Trade Policy Comex copper prices have experienced wild swings over the past few months. First, they hit a new all-time high in March before plunging in April.
Oil & Gas 360º
MAY 21, 2025
Vancouver, British Columbia–(Newsfile Corp. – May 13, 2025) – Stardust Solar Energy Inc.
OilPrice
MAY 21, 2025
Pertamina has been importing Russian crude oil complying with the Western sanctions, a top official at Indonesias state energy firm said on Wednesday. We have opened (to imports from Russia) since last May, Taufik Aditiyawarman, the chief executive of the Kilang Pertamina International refinery unit, said on the sidelines of a conference of the Indonesian Petroleum Association, as carried by Reuters.
Oil & Gas 360º
MAY 21, 2025
Believed to be the first-of-its-kind, this initiative transforms solar energy production into fin…
OilPrice
MAY 21, 2025
Brazils Petrobras is planning to start drilling in the Foz de Amazonas Basin by the end of the month, Reuters has reported, citing unnamed sources close to the company. The company was currently waiting for coral-clearing at the future drilling site to end and move on to the actual drilling. The news comes on the heels of a report that Petrobras was nearing a conditional approval for its drilling campaign in the frontier region by Brazils environmental watchdog Ibama for its oil spill response p
Oil & Gas 360º
MAY 21, 2025
Vancouver, British Columbia–(Newsfile Corp. – May 12, 2025) – New Zealand Energy Corp.
OilPrice
MAY 21, 2025
Indias ONGC, the biggest oil and gas company in the country, reported a 35% drop in profits for the fourth-quarter of its financial year, citing higher exploration costs. Profits for the full year to March 2025 also fell but more modestly, by 15%. The company attributed the lower results to exploratory oil well drilling cost writeoffs. The average realized price for the oil it sold during the fourth quarter was $73.72 per barrel, which was down by 9% from a year earlier, the Economic Times repor
Oil & Gas 360º
MAY 21, 2025
Calgary, Alberta–(Newsfile Corp. – May 12, 2025) – Cardinal Energy Ltd.
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