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At Deep Fission, were taking a radically different approach to nuclear energy: smaller, safer, faster to deployand located a mile underground. By placing reactors deep beneath the Earths surface, we […] The post Why Were Suing the Nuclear Regulatory Commissionand Still Believe in Nuclear Regulation appeared first on POWER Magazine.
Goldman Sachs has reduced its outlook for oil prices for the third time since the start of April, now expecting Brent crude to average $63 this year and $58 in 2026. The bank sees WTI at an average of $59 per barrel this year, falling to $55 in 2026, Reuters reported. The update follows one from April 4, when Goldman slashed its 2025 outlook for Brent and WTI by 5.5% and 4.3%, respectively, to $69 for a barrel of Brent crude and $66 for a barrel of West Texas Intermediate.
A Canada-based renewable energy developer recently announced commercial operation of a solar power paired with energy storage project in Hawaii, along with providing updates on two agrivoltaic installations in France. The post Innergex Brings Hawaii Solar Project Online, Supports France Agrivoltaic Installations appeared first on POWER Magazine.
The Keystone oil pipeline, which was shut last week after a leak, is expected to resume service by Tuesday, April 15, or at least this is the targeted start date announced by pipeline operator South Bow. The Keystone pipeline, with a capacity to carry more than 600,000 barrels per day (bpd) of oil from Alberta, Canada, to the United States, was shut last week following an oil leak near Fort Ransom, North Dakota.
EQT Corporation wants to build three miles of gathering pipeline to a well pad in Cascade Township, Lycoming County, PA. The Department of Environmental Protection (DEP) published a notice in Saturday’s Pennsylvania Bulletin inviting comments on a Chapter 105 Encroachment permit for a three-mile-long, 8-inch natural gas gathering pipeline being constructed on a 50-foot-wide right-of-way.
BP has made an oil discovery in the deepwater U.S. Gulf of America 120 miles off the coast of Louisiana, the UK-based supermajor said on Monday. The discovery at the Far South prospect comes as BP announced a few weeks back a strategy reset to shift focus back to growing oil and gas production and investments after a few years of trying to be an integrated energy company with a major presence in renewables.
The customer success landscape is shifting to digital-first. Cisco empowers partners with tools for scalable success, focusing on proactive, personalized, and predictive strategies through digital engagements and Lifecycle Advantage program enhancements.
Oil prices are sagging like a tired trampoline, and U.S. shale producers are feeling the bouncejust not in a good way. With WTI dancing around $60 and analysts wringing their hands over breakeven levels near $65, you'd be forgiven for assuming the shale patch was in full panic mode. But U.S. Energy Secretary Chris Wrightformer CEO of Liberty Energy and now the governments top oil whispererseems utterly unbothered.
Oil prices are sagging like a tired trampoline, and U.S. shale producers are feeling the bouncejust not in a good way. With WTI dancing around $60 and analysts wringing their hands over breakeven levels near $65, you'd be forgiven for assuming the shale patch was in full panic mode. But U.S. Energy Secretary Chris Wrightformer CEO of Liberty Energy and now the governments top oil whispererseems utterly unbothered.
Democrat politicians, like Pennsylvania Governor Josh Shapiro and New Jersey Governor Phil Murphy, are predictable. Shapiro, Murphy, and other Dem governors in the PJM Interconnection electric grid region, which includes all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Washington, D.C., have ratcheted.
Is the Iraq-Trkiye Cooperation Set to Skyrocket? Iraqs struggling oil and gas sectors may be on the verge of a breakthrough as cooperation between Baghdad and Ankara intensifies. According to Turkish media, Trkiye is advancing plans to expand its energy collaboration with Iraq significantly. Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, recently announced that proposals are underway to construct new oil and natural gas pipelines stretching from Basra to the Mediterranean
We spotted a couple of stories, one by PBS and another by the financial publication Barron’s, covering the “groundswell” of opposition to resurrecting the 124-mile Pennsylvania-to-New York Constitution Pipeline project. According to a letter signed by “233 environmental and community groups,” the proposed pipeline poses a serious threat to state sovereignty.” Here’s the first thing.
Chinese crude oil imports topped 12 million barrels per day (bpd) in March, the highest volume since August 2023, as flows of Iranian and Russian crude rebounded from the lows seen early this year with the U.S. sanctions. China imported a total of 51.41 million metric tons of crude oil in March, data from the Chinese General Administration of Customs showed on Monday.
MARCELLUS/UTICA REGION: WVU Extension receives grant to provide free training to oil and gas workers; NATIONAL: You cant LNG your way out of a trade deficit; Goldman says ESG investors should bring oil and gas stocks in from the cold; Renewing the mandate to safeguard the energy grid; Granholm cashes in; INTERNATIONAL: Abu Dhabi’s Adnoc.
The temperature in downtown Muscat over the weekend was 35 degrees Celsius, but for the swarms of high-level officials from the U.S. and Iran buzzing around busily discussing a new nuclear deal it probably felt a lot hotter than that. On the one side was the delegation from the U.S. who found themselves in direct talks with their Iranian counterparts largely because their President threatened military action against the Islamic Republic if they did not attend.
US Energy Secretary Chris Wright announced after meeting Saudi Energy Minister Prince Abdulaziz bin Salman in Riyadh yesterday that the US will sign an agreement with Saudi Arabia for peaceful civilian nuclear energy cooperation. Details will follow later this year. The news raised a question: Why does Saudi Arabia, the world’s largest oil exporter, need nuclear energy?
BP has made an oil discovery in the deepwater U.S. Gulf of Mexico 120 miles off the coast of Louisiana, the UK-based supermajor said on Monday. The discovery at the Far South prospect comes as BP announced a few weeks back a strategy reset to shift focus back to growing oil and gas production and investments after a few years of trying to be an integrated energy company with a major presence in renewables.
Nuclear talks in Oman marked the first formal engagement between Iran and the United States in years, and though progress may have been slight, it was enough to signal a willingness to temper tensions through diplomacy rather than military action. Iranian and US negotiators agreed on April 12 to continue their high-level talks over Tehran's nuclear program on April 19, with the venue likely moving to Europe from the Middle East.
Greg Quinn questions government strategy for British Steel while wondering if the same mismanagement will hurt the North Sea. The post British Steel: Is reality finally dawning? appeared first on Energy Voice.
Brazils oil industry watchdog has scheduled an auction for drilling rights in an area where environmental authorities have put up serious opposition to any drilling, Bloomberg has reported, noting Brazils state-owned energy major Petrobras has been unable to tap the resources in that area because of that opposition. The tender, to take place on June 17, will include 173 blocks in northeastern and southern Brazil.
In early April, MDN brought you the exciting news that THE largest gas-fired power plant in the country, along with a MASSIVE data center complex, will be built at a former coal-fired power plant site in Indiana County, PA (see Largest Gas-Fired Power Plant in the U.S. Coming in Western Pa.). The site will be.
The World Bank is under fire over allegations of impropriety in financing the Rogun Dam project in Tajikistan. Specifically, bank officials are facing accusations that they failed to comply with procedures to account for potential environmental and socio-economic harms associated with the project.
The Baker Hughes U.S. national rig count cratered last week, losing seven rigs. The U.S. count is now 583 active rigs, the biggest weekly decline since June 2024. As for the Marcellus/Utica, the rig count was a combined 35 last week, losing one rig it had gained the week before. The Marcellus lost one of.
Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. Russia sees its pipeline and LNG overseas deliveries surge from 146 billion cubic meters (bcm) in 2023 to 293 bcm in 2030, and further up to 438 bcm by 2050.
Report finds Energy East alone could have exported 27 per cent of Canadian oil outside the U.S. last year ByCody Ciona Building pipeline export capacity from west to east would benefit Canadians by diversifying trade, says the Montreal Economic Institute (MEI).
Based on Moscows new energy plan, Russian crude oil production and exports are set to remain flat until 2050, and output is projected to settle at around 540 million metric tons by the end of this decade, crimped by U.S. and European Union sanctions, Bloomberg reported on Monday. In 2023, Russia produced 531 million metric tons. In terms of exports, Russias new energy plan projects flat exports through 2050 of around 235 million tons annually.
The Ukraine conflict has shown that mutual economic interdependence does not necessarily prevent war, and that energy infrastructure such as the supply of natural gas to Europe can be weaponised. With the British Isles increasingly reliant on energy imports via subsea gas pipelines and interconnectors, how resilient is the UK if these were to play a part in the theatre of war?
Weak demand and domestic prices at four-year lows led to a 6% annual decline in Chinese coal imports in March, according to official data. Last month, China imported a total of 38.73 million metric tons of coal, compared to 41.38 million tons in imports in the same month of 2024, per data from the General Administration of Customs cited by Reuters on Monday.
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. As the demand for efficiency and cost-effectiveness increases in our increasingly competitive economic environment, AI technologies are reshaping procurement strategies, from supplier selection and order processing to invoicing.
Average national prices for a gallon of gasoline at the pump on Monday fell for the first time in a month, according to GasBuddy, dropping 8.2 cents per gallon compared to a week ago, with prices still 7.8 cents higher than a month ago, and 46.9 cents higher than this time last year. Diesel is also tracking this month with gasoline, with the national average per gallon of diesel dropping 4.8 cents week-on-week, resting at $3.546 per gallon on Wednesday, according to GasBuddy data.
The Ukraine conflict has shown that mutual economic interdependence does not necessarily prevent war, and that energy infrastructure such as the supply of natural gas to Europe can be weaponised. With the British Isles increasingly reliant on energy imports via subsea gas pipelines and interconnectors, how resilient is the UK if these were to play a part in the theatre of war?
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. As the demand for efficiency and cost-effectiveness increases in our increasingly competitive economic environment, AI technologies are reshaping procurement strategies, from supplier selection and order processing to invoicing.
(Investing) – bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America/Gulf of Mexico. Huntsville, Alabama, USA – June 26, 2011: Close up of illuminated bp sign at gas station in Huntsville, Alabama. Sign located on the corner of Wynn Drive and University Drive and image taken at sunset. Vertical composition with copy space above. bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 mi
The Ukraine conflict has shown that mutual economic interdependence does not necessarily prevent war, and that energy infrastructure such as the supply of natural gas to Europe can be weaponised. With the British Isles increasingly reliant on energy imports via subsea gas pipelines and interconnectors, how resilient is the UK if these were to play a part in the theatre of war?
(World Oil) – Nabors Drilling Technologies and Corva AI announce the expansion of theirstrategic alliance, reinforcing the shared vision to accelerate digital transformation in the drilling industry. Building on the strategic alliance, Nabors and Corva are extending their collaboration into theRigCLOUD platform to advance drilling intelligence and broaden industry impact.
In March, MDN told you about a legislative proposal from newly elected West Virginia Governor Pat Morrisey, a measure called the Power Generation and Consumption Act (House Bill 2014) to expand data center development in the state (see WV Gov. Backs Energy Bill to Attract Data Centers, Use Coal & Gas). The bill, sometimes called.
The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) narrowed on Monday, returning to the extremely tight levels it was trading at prior to last week’s shutdown of the Keystone pipeline. WCS for May delivery in Hardisty, Alberta, settled at $9.
BBVA advierte que el plan energtico de Sheinbaum para rescatar Pemex es inviable. Asegura que prioriza negocios poco rentables y aumentar la deuda. El plan energtico de la presidenta Claudia Sheinbaum para rescatar a Petrleos Mexicanos (Pemex) fue duramente criticado por BBVA, que lo calific como un espejismo que vende humo. En su ms reciente anlisis, el banco considera que la estrategia no revertir la crisis de la empresa ni detendr la cada en la produccin de petrleo.
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