POWER Magazine
MARCH 31, 2025
South African officials will allow some of the country’s coal-fired power plants to operate without the need to adhere to regulations on carbon and other emissions. The move comes as […] The post South Africa Grants Emissions Exemptions to Coal-Fired Plants in Effort to Avoid Blackouts appeared first on POWER Magazine.
Energy Transition
MARCH 31, 2025
The European Commission has unveiled its new strategy to make EU industries more competitive with cheap energy. Does this mean the bloc will go full speed ahead in terms of building more wind farms and solar power plants? Jörg Mühlenhoff looks into what the details of the Clean Industrial Deal mean for Europe’s energy transition. Credits: Miha Creative | Shutterstock, All rights reserved.
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POWER Magazine
MARCH 31, 2025
India Prime Minister Narendra Modi recently reiterated his pledge to more than double his country’s current renewable energy capacity, telling delegates to the India Energy Week 2025 conference in New Delhi The post India Continues to Expand Renewable Energy Resources appeared first on POWER Magazine.
OilPrice
MARCH 31, 2025
January U.S. crude oil production was down 305,000 barrels per day, hitting 13.15 million bpd, a level it hasnt dipped down to in over a year, according to data released by the U.S. Energy Information Administration (EIA) on Monday, also revising its December estimate downward by around 40,000 barrels, to 13.45 million bpd. The top producer, Texas, saw a decline of 105,000 bpd, sitting at 5.58 billion bpd and its largest decline in 15 months, while the countrys number two producer, New Mexico, s
POWER Magazine
MARCH 31, 2025
Gas power is experiencing a stunning resurgence, driven by soaring electricity demand. But as utilities scramble to secure new capacity, a turbine supply crunch is unfolding, forcing urgent procurement The post Gas Power’s Boom Sparks a Turbine Supply Crunch appeared first on POWER Magazine.
OilPrice
MARCH 31, 2025
South Africa has allowed eight coal-fired power plants run by state-owned utility Eskom to exceed air pollution and emissions limits this decade as the most industrialized economy in Africa looks to avoid crippling electricity blackouts. Six of the coal plants were granted a five-year exemption that allows them to breach the limit of emissions in the countrys air quality regulation.
POWER Magazine
MARCH 31, 2025
The U.S. Securities and Exchange Commission (SEC) announced on March 27 that it will no longer defend its controversial rules requiring companies to disclose climate-related risks, greenhouse gas (GHG) emissions, […] The post SEC Ends Defense of Climate Disclosure Rules, Citing Cost and Intrusiveness appeared first on POWER Magazine.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
POWER Magazine
MARCH 31, 2025
The U.S. is facing an energy emergency, as escalating electricity demand, unstable fossil fuel markets, and the rapid growth of energy-intensive infrastructure strain the nations energy systems. Shallow geothermal energy […] The post Shallow Geothermal Energy: A Strategic Solution for the U.S. Energy Crisis and Demands appeared first on POWER Magazine.
OilPrice
MARCH 31, 2025
The OPEC+ groups production increase and expectations of weaker demand growth due to the U.S. tariff policies and potential economic slowdown will cap oil price rises this year, the monthly Reuters poll showed on Monday. Brent Crude prices are set to average $72.94 a barrel this year, according to the poll of 49 analysts and economists in March. Thats lower than the average of $74.63 per barrel expected by the experts in the February Reuters survey.
POWER Magazine
MARCH 31, 2025
China’s construction of coal-fired power plants reached nearly a 10-year high in the past year, even as the country also continues a massive expansion of renewable energy installations. A February report The post China Coal-Fired Generation Additions Tied to Economics, Energy Security appeared first on POWER Magazine.
OilPrice
MARCH 31, 2025
The European Union is looking to prop up Europes steel and metals industry with a new action plan. Sector organizations welcome the plan, but say the crisis that began with spiking energy costs at the end of 2021 now needs to be addressed with urgent actions if the EU has a chance to regain at least part of its competitiveness from before the energy crisis.
Marcellus Drilling News
MARCH 31, 2025
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling. The SRBC published a notice in the March 29 Pennsylvania Bulletin that.
OilPrice
MARCH 31, 2025
For decades, U.S. electricity demand grew at a predictable, modest pace. Utilities could plan around gradual increases driven by population growth and economic activity. But that era is over. A dramatic shift is underway, one that could define the next decade of energy infrastructureand investment opportunity. At the heart of this transformation lies the exponential growth of artificial intelligence (AI) and its insatiable appetite for electricity.
Marcellus Drilling News
MARCH 31, 2025
On March 25, the Pennsylvania Department of Environmental Protection (DEP) was called to the scene of a conventional well explosion in East Huntingdon Township in Westmoreland County. The explosion involved a production storage tank at the pad. The incident happened around 10:25 AM when the well tender was “blowing out the well” to the storage.
OilPrice
MARCH 31, 2025
Equinor's Johan Castberg oilfield in the Arctic Barents Sea began production on Monday to a great deal of fanfare after several delays, with the companys CEO saying the project will recoup its $8-billion in less than two years, the company said in a statement. Located approximately 100 kilometers north of the Snhvit field, Castberg is now the second operational oilfield in Norways Barents Sea, following Vr Energi's Goliat field, which began production in 2016.
POWER Magazine
MARCH 31, 2025
Europe’s ambitious push toward carbon neutrality is rapidly replacing fossil fuel–fired power generation with variable renewable resources (VRE), but this shift is exposing the region to a growing risk of The post Europe Risks Grid Crisis Without Immediate Action on Dispatchable Power, Group Warns appeared first on POWER Magazine.
OilPrice
MARCH 31, 2025
Chinas state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels. Dubbed Huizhou 19-6, the field is located some 100 miles offshore the province of Shenzhen. Test drilling produced 413 barrels of crude oil and 68,000 cu m of natural gas daily, state news agency Xinhua reported.
POWER Magazine
MARCH 31, 2025
Battery energy storage systems (BESS) are revolutionizing how energy is managed. These systems are critical for improving grid efficiency, integrating renewable energy, and ensuring a reliable power supply. As their […] The post Simplifying BESS: Designing Smarter, More Reliable Energy Storage Systems appeared first on POWER Magazine.
OilPrice
MARCH 31, 2025
Historically, economic progress has been driven by seismic shifts in how we value things. From the agrarian economies that once sustained early civilisations, to the industrial revolutions that mechanised production each era reshaped societys priorities. In the late twentieth century, the rise of the knowledge economy, placed information and cognitive thinking at the heart of progress.
POWER Magazine
MARCH 31, 2025
Maya and Marnie troubleshoot air-cooled condenser performance issues at a New Mexico power plant. Bad sensor data contributes to poor decisions, making the problem more complex. “Air-cooled condensers [ACCs] The post Marnie Surfaceblow: The Underperforming Air-Cooled Condenser Mystery appeared first on POWER Magazine.
OilPrice
MARCH 31, 2025
Following several months of delays due to inclement winter weather in the waters in Norways Arctic, Equinor started up the Johan Castberg oilfield on Monday, which will add 220,000 barrels of oil per day at peak production rates. Equinor has already delayed the start-up twice, in December and in early March, due to bad weather.
Marcellus Drilling News
MARCH 31, 2025
The Baker Hughes U.S. national rig count lost one rig last week (after gaining one the week before), now operating 592 active rigs. As for the Marcellus/Utica, the rig count was a combined 35 last week. However, there was a notable change in the totals. Rigs focused on the Marcellus were down by one to.
OilPrice
MARCH 31, 2025
The worlds biggest sovereign wealth fund, Norways $1.8 trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 billion (1.4 billion euros), the funds manager, Norges Bank Investment Management, said on Monday. The agreed price for 49% of the two offshore wind projects, Nordseecluster in the German North Sea and Thor in the Danish North Sea, values the entire projects at around $3.1 billion (2.87 billion euros), the Norwegian fund said.
Marcellus Drilling News
MARCH 31, 2025
Last week, Pennsylvania State Senator Gene Yaw (Lycoming County), chairman of the Senate Environmental Resources and Energy Committee, sounded the alarm for all Pennsylvanians. Yaw said, “We are going to have to suffer some hardships. Meaning, we probably are going to have some blackouts, brownouts.” Why would PA, an electricity exporter, experience blackouts?
OilPrice
MARCH 31, 2025
The UK government needs to replace the current windfall tax on North Sea oil and gas operations as soon as practically possible and not wait until the sunset clause of the tax regime expires in 2030, says the North Sea Transition Taskforce, backed by the British Chambers of Commerce. The UKs Energy Profits Levy (EPL), as the windfall tax is officially known, will remain in place until 2030, the government said early this month as it launched a consultation on what type of tax regime should come
POWER Magazine
MARCH 31, 2025
Vestas said the company has secured a firm order for 68 of its model V236-15.0 MW wind turbines for Vattenfall’s Nordlicht 1 offshore wind project. The agreement announced March 31 […] The post Vestas Will Supply Turbines for Major German Offshore Wind Project appeared first on POWER Magazine.
Cisco: Oil & Gas
MARCH 31, 2025
The convergence of optical and IP technologies is making service provider networks more efficient and sustainable to support bandwidth and resource-intensive applications like AI, 4K/8K video, and virtual reality applications. This convergence dramatically simplifies middle and last mile network architectures, reduces CapEx and OpEx, and makes it easier and faster to introduce new services.
OilPrice
MARCH 31, 2025
Varo Energy, owned by the worlds biggest independent oil trader, Vitol, and the Carlyle Group, has reached a deal to buy Swedish refiner Preem, an early mover in renewable fuel production. Following more than a year of exclusive negotiations, Varo Energy in which Carlyle, which owns 66.66%, and Vitol, which owns 33.33%, announced on Monday that they had reached agreements to buy Preems parent in an all-cash transaction, the value of which was not disclosed.
POWER Magazine
MARCH 31, 2025
A changing policy landscape presents challenges for moving away from fossil fuels. Executives say that may slow, but won’t halt, the momentum to electrify. Remember the slogan “electrify everything”? It The post Industry Experts: Market Forces Still Support Electrification appeared first on POWER Magazine.
Marcellus Drilling News
MARCH 31, 2025
Infinity Natural Resources (INR), headquartered in Morgantown, WV, focuses 100% on the Marcellus/Utica. The company went public earlier this year with a $265 million ($20/share) initial public offering, giving INR a $1.18 billion market capitalization (see INR IPO Does Better than Expected, Stock Trading Pops 10% Higher). INR issued its very first public quarterly update.
POWER Magazine
MARCH 31, 2025
I think most POWER readers are familiar with financial indexes such as the Dow Jones Industrial Average (DJIA) and the S&P 500. These indices are widely reported on by news outlets and followed by many The post POWER’s Power Industry Market Index: A Relative Health Gauge for the Industry appeared first on POWER Magazine.
Marcellus Drilling News
MARCH 31, 2025
We think the headline of this post pretty much says it all with respect to why it costs five times more to plug orphaned wells in Pennsylvania than in other states (see PA DEP Still Spends 5X More to Plug Orphaned Wells Than Other States). PA lards up its oil and gas regulations so heavily.
Malcolm Graham Wood
MARCH 31, 2025
Oil is up gently today as the month and quarter ends. CEG has an updated stake by Morgan Stanley and Hunting have announced new contracts. Jadestone spud the Skua side-track and Corcel have results. The post Oil price, CEG, Hunting, Jadestone. Corcel. And finally… appeared first on Malcy's Blog.
BOE Report
MARCH 31, 2025
Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said on Monday.
POWER Magazine
MARCH 31, 2025
U.S. Withdraws from Global Clean Energy Partnership. The U.S. has withdrawn from the Just Energy Transition Partnership (JETP), a 2021-launched financing cooperation mechanism, that seeks to help a selection The post POWER Digest [April 2025] appeared first on POWER Magazine.
Oil & Gas 360º
MARCH 31, 2025
(Oil Price) –Ever since BP admitted that its attempt to go green had ended in a disaster, the flow of news from the energy industry has been in one single direction: back to oil and gas, which make money. Indeed, Big Oil has finally accepted it will not transform into Big Green Power and has gone back to what it does best: hydrocarbons. In late February, when it made its very unsurprising admission, BP said it would boost spending on oil and gas production by 25% annually while slashing in
Oil & Gas Magazine
MARCH 31, 2025
Claudia Sheinbaum inform que ya se pagaron 147 mil millones de pesos de deuda de Pemex y se avanza en su reintegracin y fortalecimiento. La presidenta de Mxico, Claudia Sheinbaum , anunci que ya se han pagado 147 mil millones de pesos de la deuda de Petrleos Mexicanos (Pemex) , como parte del proceso de fortalecimiento y reorganizacin de la empresa pblica.
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