Tue.Jul 15, 2025

article thumbnail

World Energy Report Exposes Looming Resource Crises

OilPrice

The Energy Institute recently published its updated energy report, the 2025 Statistical Review of World Energy, showing data through the year 2024. In this post, I identify trends in the new data that I consider worrying. These trends help explain the strange behaviors that we have been seeing from governments recently. A major hidden issue is that prices never seem to rise high enough, for long enough, to prevent production of fossil fuels and other mineral resources from declining relative to

Energy 283
article thumbnail

U.S. LNG Exports Dip in June as Major Plants Undergo Maintenance

Rextag

U.S. liquefied natural gas (LNG) exports dropped to their second-lowest monthly level so far this year in June, as maintenance at key export facilities temporarily cut output, according to preliminary data from LSEG. The world’s leading LNG exporter shipped 8.4 million metric tons (MT) of LNG in June, down from 8.9 MT in May and well below April’s record of 9.3 MT.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

U.S. oil imports from OPEC decline while imports from Canada nearly doubles

Permian Basin Oil and Gas Magazine

According to U.S. Energy Information Administration, the share of the nation’s crude oil and petroleum imports from OPEC countries has declined 77 percent since 2006. In its Monthly Energy Review last week, EIA said imports from Saudi Arabia, Arabia, Algeria, Iraq and other OPEC countries has been declining since 2006 while imports from Canada have nearly doubled.

article thumbnail

Renewable Natural Gas – A Limitless Energy Resource for America 

American Gas Association

AGA Newsroom True Blue Blog Where energy conversations come to life. Renewable natural gas (RNG) is a uniquely versatile form of renewable energy, possessing characteristics unmatched by any alternatives. RNG is produced from renewable sources including American farms, wastewater plants, landfills, and other sources of what would otherwise be greenhouse gas emissions.

article thumbnail

EIA report: Imports of energy to U.S. fall to 40-year low in 2024

Permian Basin Oil and Gas Magazine

U.S. imported only 17 percent of its domestic energy supply in 2024 – half of the record share in 2006 and the lowest share since 1985. U.S. Energy Information Administration said July 7 in its Monthly Energy Review , “The decline in imports’ share of supply in the previous two decades is attributable to both an increase in domestic energy production and a decrease in energy imports since 2006.

Energy 52
article thumbnail

Google to invest $25 billion in data centers and AI infrastructure across largest U.S. electric grid

CNBC: Energy

Google will also spend more than $3 billion to modernize two hydropower plants in Pennsylvania to help meet growing demand from data centers in the region.

139
139
article thumbnail

USA EIA Cuts Henry Hub Gas Price Forecast for 2025, 2026

Rigzone

The U.S. Energy Information Administration reduced its Henry Hub natural gas spot price forecast for 2025 and 2026 in its latest short term energy outlook.

Gas 112

More Trending

article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

The Middle East is powering ahead of global energy markets and is a magnet for international businesses, thanks to its pragmatic energy investment approach and enthusiastic tech adoption, according to the Energy Industries Council’s (EIC) latest Survive & Thrive report 90% of energy companies operating in the region reported growth in 2024, according to the EIC report, the highest across all regions surveyed, with further growth forecast in 2025.

article thumbnail

HKN Energy to Develop Iraq's Hamrin Oil Field

Iraq Business News: Oil & Gas

By John Lee. The Ministry of Oil has signed an agreement in principle with HKN Energy to develop the Hamrin field in northern Iraq. The agreement, signed on Tuesday between North Oil Company (NOC) and the US-based company aims to increase the field's output to 60,000 barrels per day, up from the current 20,000-25,000 bpd, and to capture and utilise 45-50 million standard cubic feet per day (mmscfd) of associated gas for power generation.

Field 59
article thumbnail

Mozambique Sets Scene for TotalEnergies to Restart $20B LNG Scheme

Offshore Engineer

Mozambique has created the necessary conditions for the resumption of TotalEnergies' $20 billion liquefied natural gas project in the country, the country's energy…

article thumbnail

U.S. Firm Steps Up As Iraq Fast-Tracks New Floating LNG Terminal

OilPrice

Iraq’s plan to begin LNG imports this summer has unraveled, forcing a compressed reset of its floating terminal ambitions. With electricity demand surging and Iranian supply increasingly constrained, the Oil Ministry has relaunched its FSRU tender in a bid to secure regasification capacity in time for summer 2026. U.S.-based Excelerate Energy is now positioned as the most likely supplier, after an earlier agreement with UAE-based Breeze Investment failed to advance.

Oil 194
article thumbnail

Wink to Webster: The 1.5M bpd Superhighway Out of the Permian

Oil Gas Leads

The Wink to Webster Pipeline , operated by ExxonMobil , is one of the most critical crude oil transportation systems in North America, linking the prolific Permian Basin to key Gulf Coast refining and export hubs. Spanning over 640 miles with a 1.5 million barrels per day capacity , the pipeline was developed through a joint venture to meet growing demand for safe, efficient, and high-volume takeaway from West Texas.

article thumbnail

The Oil Boom No One Wants to Talk About

OilPrice

Amid heated debates about how quickly and at what cost the world could reach net-zero emissions during constant geopolitical shifts and market turbulence, several oil-producing nations are doubling down on oil and their role in global crude supply. From the Middle East to Africa, South America, and even Europe, these are seven large or aspiring producers who are looking to boost their production in the coming years, with some also working on raising their oil production capacities.

Oil 363
article thumbnail

Google Signs Deal with Brookfield for 3 GW of Hydropower Capacity

POWER Magazine

Technology giant Google announced the company will buy as much as 3 GW of hydropower generation capacity from Brookfield Renewable, an affiliate of Brookfield Asset Management. The companies on July 15 said the deal is a "hydro framework agreement" that will support Google's goal of having data centers and other operations run continuously on carbon-free power.

article thumbnail

6 Energy Megaprojects That Blew Past Their Budgets

OilPrice

A growing share of the global economy is increasingly committed to large-scale, complex, and expensive undertakings involving massive infrastructure development and technological advancements, aka megaprojects. Annual worldwide spending on megaprojects such as high-speed railway systems, international airports, hydroelectric dams, motorways, power plants, wind and solar farms, as well as large public ICT systems to digitize tax, health, and pensions is estimated at between US$6 and US$8 trillion

Energy 163
article thumbnail

United Energy creates small-scale LNG platform in Texas, Kansas

Permian Basin Oil and Gas Magazine

Plano-based United Energy LNG and Power LNG last week announced an agreement to create a scalable small-scale LNG platform to serve industrial, power and transport markets across North America. The combined entity, United Energy LNG, oversees a portfolio of three LNG production sites in advanced stages of development, including its first project site in Houston.

Energy 52
article thumbnail

Perenco completes acquisition of oil and gas fields from Woodside Energy in Trinidad & Tobago

Oilfield Technology

Perenco has announced the completion of the acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalisation of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (CAFI) fields, aligns Perenco as a major oil and gas producer in country.

Field 52
article thumbnail

MDN’s Energy Stories of Interest: Tue, Jul 15, 2025 [FREE ACCESS]

Marcellus Drilling News

NATIONAL: Trump’s tax law throws lifeline to unloved energy and climate sectors; INTERNATIONAL: WTI slips below $67 amid global tariff turmoil; How likely is $100 oil in 2025?; OPEC claims the world needs $18.2 trillion in O&G investments by 2050; Middle East gas exports soar to meet global demand. NATIONAL Trump’s tax law throws lifeline.

Energy 138
article thumbnail

Morgan Stanley Sees Slower Oil Stockpile Build and Keeps Brent Outlook at $65

OilPrice

Morgan Stanley expects OECD oil inventories to rise by no more than 165 million barrels over the next 12 months, maintaining its Brent crude forecast at $65. The firm said the pace of accumulation is easing, with Asian demand holding steady and fewer strategic reserves being filled than earlier in the year. The view stands in contrast to broader market concerns over mounting global inventories following recent OPEC+ production increases.

Oil 191
article thumbnail

MidOcean emerges as lead bidder for Petronas’ Canada assets, sources say

Oil & Gas 360º

(World Oil) – MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, has emerged as the frontrunner to buy a minority stake in Petronas’ Canadian business, people familiar with the matter said. Petronas, as the Malaysian state energy firm is known, has picked MidOcean as the preferred bidder, according to sources.

article thumbnail

Puerto Rico's Energy Crisis Deepens with LNG Contract Dispute

OilPrice

Weeks after New Fortress Energy rallied on news of a temporary contract extension for LNG supply to Puerto Rico, Bloomberg now reports the island has idled temporary power plants after the company abruptly halted a critical gas shipment, raising the risk of power outages at the peak of summer demand. Puerto Rico Energy Chief Josue Colon slammed the LNG shipment cancellation as "unjustified," disputing New Fortress's claims of being owed millions of dollars since 2020.

Energy 179
article thumbnail

Blackstone to invest $25 bln in data centers and natural gas plants, COO says

Oil & Gas 360º

(BOE Report) – Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh. Gray said Blackstone had identified several sites to build large data centers and would also later be announcing with a Pennsylvania utility a plan to build a number of natural gas generation plants.

article thumbnail

First 15-MW Wind Turbine of Baltic Power Installed

Rigzone

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $65.80 -1.08% Brent Crude $68.09 -0.9% Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS

article thumbnail

 Mitsubishi Corp. is in talks to acquire Aethon Energy

Oil Gas Leads

Mitsubishi Corporation is reportedly in advanced negotiations to acquire Aethon Energy Management’s U.S. shale production and pipeline assets in a deal valued at approximately US $8 billion. Haynesville Oil & Gas Operator Account Directory – $10 Buy Now Includes: Account Name, Location, Phone, Website, Wells Drilled…. Here’s what to know: Deal Highlights Estimated value : Around $8 billion Assets targeted : Major natural gas fields and pipeline infrastructure in the Haynesville Shale ,

Basin 52
article thumbnail

ORLEN Starts Selling SAF at Polish Airports

Rigzone

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $66.50 -0.72% Brent Crude $68.84 -0.53% Natural Gas $3.43 -0.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

article thumbnail

Google signs a record $3-billion hydropower deal to power AI

Oil & Gas 360º

(Oil Price) – Google has signed a $3-billion agreement to source electricity for data centers from Brookfield Asset Management’s hydropower facilities, in the world’s largest corporate clean power deal for hydroelectricity, the asset manager said on Tuesday. The first contracts executed under the agreement to deliver up to 3 gigawatts (GW) of carbon-free hydroelectric capacity across the United States are for Brookfield’s Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania,

article thumbnail

Westinghouse plans to build 10 large nuclear reactors in U.S., interim CEO tells Trump

CNBC: Energy

Skip Navigation Markets Pre-Markets U.S. Markets Currencies Cryptocurrency Futures & Commodities Bonds Funds & ETFs Business Economy Finance Health & Science Media Real Estate Energy Climate Transportation Industrials Retail Wealth Sports Life Small Business Investing Personal Finance Fintech Financial Advisors Options Action ETF Street Buffett Archive Earnings Trader Talk Tech Cybersecurity AI Enterprise Internet Media Mobile Social Media CNBC Disruptor 50 Tech Guide Politics White

Finance 145
article thumbnail

Blackstone to invest $25 bln in data centers and natural gas plants, COO says

BOE Report

Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh.

article thumbnail

SS-2H IP60 Flow Rate Sets Beetaloo Basin Record

Rigzone

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $66.50 -0.72% Brent Crude $68.84 -0.53% Natural Gas $3.43 -0.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW

Basin 62
article thumbnail

Sunburned & winded: Only 30% of U.S. solar and 57% wind projects expected to survive under one, Big, Beautiful Bill Act

Enverus

CALGARY, Alberta (July 15, 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 new report accessing the impact of the One Big Beautiful Bill Act now that it has been signed into law. In the report, EIR experts evaluate where resilient renewable capacity is most concentrated in the U.S. queue and which solar and onshore wind developers are the most exposed.

article thumbnail

Venture Global proposes larger expansion at Plaquemines LNG facility, filing shows

BOE Report

Venture Global wants to expand its Plaquemines LNG export facility by 24.8 million metric tons per annum (mtpa), almost 6 mtpa more than it originally proposed just four months ago, according to a regulatory filing issued late on Monday.

IT 69
article thumbnail

CF Industries Starts Up Compression Unit of Louisiana CCS Project

Rigzone

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $65.80 -1.08% Brent Crude $68.09 -0.9% Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS

article thumbnail

OPEC says world economy may do better in second half of year

Oil & Gas 360º

(Investing) – LONDON -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries’ crude intake would remain elevated to meet the uptick in summer travel, helping to support the demand outlook. In a monthly report on Tuesday, the Organization of the Petroleum Exporting Countries left its forecasts for global oil demand growth unchanged in 2025 and 2026 after reductions in April, saying the economic outlook was robust.

E&P 130
article thumbnail

Top 5 Strategic Trends APA Is Focusing On in 2025

Oil Gas Leads

2025 progresses, APA Corporation (NASDAQ: APA) is sharpening its focus on operational efficiency, disciplined capital deployment, and portfolio optimization. With the Permian Basin at the heart of its strategy, APA continues to evolve in response to shifting commodity markets and investor demands for returns over volume. Based on our analysis of recent developments, here are the top 5 trends shaping APA’s priorities for the rest of the year: Permian Oil & Gas Operator Account Directory ̵

Spud-in 52
article thumbnail

Mach Natural to Acquire Assets in Permian, San Juan Basins

Rigzone

SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $65.80 -1.08% Brent Crude $68.09 -0.9% Natural Gas $3.52 -0.17% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS

Basin 67
article thumbnail

Blackstone to Invest More Than $25 Billion in Pennsylvania’s Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment

BOE Report

Pennsylvania is uniquely suited to serve as a strategic hub to power America’s AI future Blackstone-backed QTS, the largest independent data center operator in the world, to develop and operate new Pennsylvania data center sites Blackstone has formed a joint venture with PPL to invest in new Pennsylvania natural gas power generation facilities Over 6,000 [Read more]

article thumbnail

Permian rig count unchanged last week to halt decline, but Midland down to 17

Permian Basin Oil and Gas Magazine

The count of active drilling rigs in Permian Basin ended 10 weeks of decline, but the U.S. count fell for the 11th consecutive week. Baker Hughes said as of July 11 there were 265 rigs in Permian Basin (unchanged in the past week, down 40 rigs or 13 percent from 305 a year ago) and 537 rigs in U.S. (down 2 in the past week, down 47 or 8 percent from 584 in the past year).

Basin 52