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GE Vernova will install new equipment at a power plant in Iraq, its first use of the company's upgraded AGP XPAND technology. The latest version is an evolution of GE Vernova's Advanced Gas Path (AGP) system introduced more than a decade ago on the companys 9E.03 fleet to boost gas turbine capacity. The post GE Vernova Boosting Gas Turbine Capacity With Technology Upgrade appeared first on POWER Magazine.
India bought more Russian ESPO Blend oil in April than any month since August 2024, stepping in to scoop up what weakening Chinese demand for the blend has left behind, Reuters reported on Monday, citing LSEG data. In April, the Reuters report shows Indian ports taking in around 400,000 metric tons of Russian ESPO, up from only 100,000 metric tons the month prior.
Utility Global, a clean hydrogen production group, announced it will partner with Hanwha Corp. E&C Division to carry out a preliminary front-end engineering (pre-FEED) and design study for the deployment of its proprietary H2Gen system at wastewater treatment plants in South Korea. The post Utility Global, Hanwha Collaborate on Hydrogen Production Using Biogas appeared first on POWER Magazine.
Crude oil inventories in China rose to the highest in almost three years in March, suggesting demand growth was lagging behind refinery processing rates, which hit a one-year high last month as Chinese oil processors took advantage of cheap Iranian and Russian crude. Reuters Clyde Russell reported that 1.74 million barrels daily went into storage last month in China, citing official data from Beijing and noting that this is the highest rate of storage inflows since June 2023.
Schweitzer Engineering Laboratories recently announced the release of the LINAM UGFI Underground Fault Indicator, a product of the E. O. Schweitzer Manufacturing facility in Lake Zurich, Illinois. The innovative device […] The post SEL Introduces the LINAM UGFI Underground Fault Indicator appeared first on POWER Magazine.
A sunny weekend in northwest Europe plunged power prices in the region to hundreds of euros below zero on Sunday afternoon as solar generation soared. Spot power prices in Belgium sank to as low as -$302 (-266 euros) per megawatt-hour (MWh) between 1 p.m. and 2 p.m. on Sunday, according to data from Epex Spot SE cited by Bloomberg. During the same hour, power prices in Netherlands plunged to -$215.60 (-189.90 euros), while prices in Germany dropped to -$147.40 (-129.81) per MWh.
( Oil & Gas 360) – The Petrochemical and Refining Congress: Europe 2025 unites industry leaders in Milan on 19-20 May to address technological advancements: circular economy principles, low-carbon hydrogen ecosystem, energy transition and innovations in sustainable fuels. Supported by Regional Partners Technip Energies, Sonatrach Raffineria Italiana S.r.l., Wood and Saras S.p.A., the event facilitates strategic discussions on reshaping the downstream sectors future.
A massive and sudden power outage swept across the Iberian Peninsula this afternoon, plunging vast swathes of Spain and Portugal into darkness and triggering significant disruptions to critical infrastructure and essential services. The blackout, which commenced at approximately 12:00 PM GMT, has impacted major urban centers and transportation networks, leaving authorities scrambling to restore power and ascertain the underlying cause.
A massive and sudden power outage swept across the Iberian Peninsula this afternoon, plunging vast swathes of Spain and Portugal into darkness and triggering significant disruptions to critical infrastructure and essential services. The blackout, which commenced at approximately 12:00 PM GMT, has impacted major urban centers and transportation networks, leaving authorities scrambling to restore power and ascertain the underlying cause.
Evolution Well Services, headquartered in Houston with a regional office in Pittsburgh, specializes in electric fracking (“e-fracking”) using natural gas from the well pad instead of diesel fuel to power turbines that create electricity to drive fracking pumps.
Copper was touted as the hottest commodity of 2025, as covered in MetalMiners weekly newsletter. Capped by Aprils tariff-driven turbulence, the last quarter only reinforced that view. Now it seems copper prices are poised to lead other metals in the short term. Many experts believe copper has reached an inflection point. As such, they expect its coming price moves to ripple through other raw commodity futures and even stock and financial markets.
Weve talked plenty about the big LNG export facilities scattered along the Gulf Coast that export a fair amount of Marcellus/Utica molecules, along with the two LNG export sites on the East Coast, both of which export 100% M-U molecules (Cove Point and Elba Island LNG).
Drilling in the U.S. shale patch is starting to slow down amid weaker oil prices and cost uncertainty stemming from the tariff war. Smaller producers are suspending new drilling in anticipation of a turnaround. Perhaps larger producers will follow. The question now is how long until that turnaround. A month ago, Citigroup said that if U.S. oil prices fall below $60 drillers will start drilling less, which is what happens every time oil prices take a dip.
Every three years, the Pennsylvania Dept of Environmental Protection (DEP) is required, by state law, to produce an update to the states so-called Climate Action Plan. The fact that they have such a plan boggles the mind—a plan to address global warming (the operative word being global) from one state. To be fair, many states.
Economic activity across the South Caucasus and Central Asia is projected to stagnate over the next two years, as uncertainty envelops global markets, according to World Bank experts. The banks latest Europe and Central Asia Economic Update identifies the most serious challenges facing policymakers in the regions as weaker-than-expected trade, unpredictable policy shifts and decreasing prices for commodities.
This is news of a lawsuit with implications for drillers, rights owners, and surface land owners that we were not previously aware of. EOG Resources, an oil and gas drilling giant with nearly half a million leased acres in Ohio, holds drilling rights on land owned by Lucky Land Management in Ohio—we could not determine.
China has not imported any liquefied natural gas from the United States since early February, data from Kpler cited by Nikkei has shown. The last LNG cargo that left the Gulf bound for China set off on February 6, the data showed. The Chinese tariffs on U.S. goods, including energy products, and the broader trade war between the worlds two biggest economies could have long-term consequences on the ability of new U.S.
The Baker Hughes U.S. national rig count crept up again last week, adding two more rigs after adding two in the prior week. The U.S. count now stands at 587 active rigs. The M-U rig count remained the same at a combined 38 last week—the second week in a row. We are at the highest.
Oil prices were trading down 2% intraday, driven by ongoing demand fears combined with perceived progress on Iran nuclear talks and tariff whiplash, which continues to unsettle markets.On Monday, April 28, at 2:57 p.m. ET, Brent crude was paring its 2% daily losses slightly, trading down 1.60% at $65.80, and West Texas Intermediate (WTI) was trading down 1.59% at $62.02.
Both conventional and unconventional (shale) drillers in Pennsylvania were required to submit a new annual report to the state Department of Environmental Protection (DEP) on December 10, 2023, detailing volatile organic compound (VOC) and methane emissions from their operations over the previous year. Shortly before that deadline, the DEP suspended the due date and set.
Labours push for EVs and heat pumps fail to account for a crucial detail reality, says Matthew Bowles British Prime Minister Keir Starmer has reinstated the 2030 ban on the sale of all new petrol and diesel cars, after the previous government relaxed it to 2035. This follows a government review of the current Zero-Emission Vehicle (ZEV) mandate. The ZEV mandate is a policy tool requiring car manufacturers to sell a certain percentage of electric vehicles yearly to avoid fines.
Proveedores de Pemex reportan una crisis por falta de pagos, despidos masivos y daos econmicos en Tabasco, Campeche y Veracruz; las promesas de pago no se cumplieron. La promesa de Petrleos Mexicanos (Pemex) de liquidar parte de su deuda a proveedores durante marzo y abril no se cumpli, provocando un dao irreversible a las economas de Tabasco, Campeche y el sur de Veracruz.
After ExxonMobils swathe of world-class discoveries in Guyanas offshore Stabroek Block, the Guyana-Suriname Basin emerged as the worlds hottest drilling location. While Guyanas economy is booming, becoming an oil superpower, neighboring Suriname has yet to benefit from the basins immense hydrocarbon potential, despite world-class oil discoveries in offshore Block 58.
MARCELLUS/UTICA REGION: Utica shale career day; We need to protect Pennsylvanias natural gas industry; OTHER U.S. REGIONS: NY net zero by 2050 is not achievable; Why Navajo activists oppose a proposed hydrogen pipeline that could be the world’s longest; Maines electricity prices grew at the third fastest rate in the country, analysis shows; NATIONAL: WTI.
Chinese coal producers and oil refiners are struggling with weaker profits compared to other industrial earnings amid an oversupply of coal and refined products in a weak demand environment. Demand for these commodities, as well as for steel, could be further dampened in the months ahead in the U.S.-China trade war. Sinopec, the biggest Chinese and Asian refiner in terms of capacity, saw its 2024 earnings drop by 17% from a year earlier, attributed to lower oil prices and the penetration of elec
(World Oil) – APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25% working interests in the 325,411-acre exploratory block.
China tried to ease concerns on Monday that the trade war with the United States would take a heavy toll on its economic growth. Policy makers expressed confidence that the 5% GDP growth target would be reached and that the lack of agriculture and energy imports from the U.S. wouldnt materially hit its economy.
(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the Company or Prairie) an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today anno
Libyas Prime Minister Abdulhamid Dbeibeh has called for an urgent inquiry into the killing of Brigadier General Ali Ramadan Al-Rayani, who was fatally shot on Sunday by unidentified gunmen, instructing the military prosecutor to oversee the investigation. Al-Rayani was fatally shot early on April 27 after unidentified gunmen stormed his residence in the Khallet Al-Furjan district, south of Tripoli, shortly after he returned from dawn prayers, the Libya Observer reported.
(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. The M&A summary follows Enverus’ release of Investor Analytics, a new cutting-edge solution designed to offer investors a comprehensive view of key market dynamics.
Analysts are not ruling out the possibility that some oil and gas supermajors could announce as soon as this week reduced share buyback programs for this year compared to the guidance from early 2025, before the oil price slide. Investors will be more focused to learn how Big Oil plans to cope with the 12% decline in oil prices so far this year and whether the dividend and share repurchases still stand as pledged at the Q4 earnings calls, than on the exact number of billions of U.S.
Oil and Gas 360 April 28, 2023 For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. (NSAI) has hosted a series of highly regarded oil and gas property evaluation seminars. These jam-packed seminars are designed to give non-technical energy professionals such as bankers, financial institutional decision makers, analysts, lawyers, accountants, and new oil and gas industry professionals a basic education detailing what information and data goes into financially
Germany remains committed to a single power market in its area and doesnt like the recommendation from a new report to split the market into five separate bidding zones. Entso-e, the association of EU transmission system operators, released a report on Monday evaluating bidding zone configurations with the purpose of establishing "optimal bidding zone configurations in Europe to maximize economic efficiency and cross-zonal trading opportunities, while maintaining security of supply.
(Oil & Gas 360) – HOUSTON, April 25, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (Amplify or the Company) announced today that the Company and Juniper Capital Advisors, L.P. (Juniper) have entered into a mutual termination agreement (Termination Agreement) to terminate (the Termination) the previously announced Agreement and Plan of Merger (the Merger Agreement) in light of the extraordinary volatility in the market.
Crude oil prices extended their decline today as traders remained fixated on demand and the impact of the tariff war between the U.S. and China on its future prospects. At the time of writing, Brent crude was trading at $65.41 per barrel, with West Texas Intermediate at $61.63 per barrel, both down from opening. Besides the tariff exchange, which has already hurt energy trade between the United States and China after the latter imposed retaliatory tariffs on U.S. crude oil and natural gas, OPEC+
Foundation AI's first release Llama-3.1-FoundationAI-SecurityLLM-base-8B is designed to improve response time, expand capacity, and proactively reduce risk.
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