POWER Magazine
MAY 16, 2025
New transmission lines will help meet power needs this summer. Con Edison will energize newly constructed transmission lines in Brooklyn and Staten Island this month, helping to keep service reliable […] The post Con Edison Investing in Major Reliability Projects Serving Customers in Brooklyn and Staten Island appeared first on POWER Magazine.
OilPrice
MAY 30, 2025
A supertanker carrying 2.1 million barrels of Russias Far Eastern ESPO crude grade has been anchored near China for days in what traders say is an unusual pattern that could suggest weaker demand in the Asian market. The Big Star supertanker loaded ESPO from three smaller vessels near Russias Zarubino port in the Far East earlier this month and headed to Chinas port of Jieyang in the southern province of Guangdong, according to ship-tracking data from LSEG cited by Reuters.
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Enverus
MAY 28, 2025
Austin, Texas (May 28, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, successfully concluded its annual EVOLVE Conference, held May 12–15 in Houston, Texas. The company’s flagship customer conference brought together more than 700 leaders, innovators and decision-makers from across the energy value chain to explore the future of energy through the lens of generative artificial intelligence, market transformation and operational
EnergyTrend
MAY 25, 2025
Multiple Measures Taken as Polysilicon Market Poised for Recovery FromJanuarytoApril2025,newlyinstalledsolarpowercapacityreached104.93GW,with45.22GWaddedinAprilaloneessentiallythehighestmonthlylevelofPVinstallations.
Marcellus Drilling News
MAY 23, 2025
According to opinion researchers at Pennsylvania’s Franklin & Marshall College, the issue of fracking has deepened the schism between Democrats and Republicans in the Keystone State. Pennsylvania’s voter registration statistics have shifted rightward (from Democrat to Republican), which has been traced to shifts in the affiliation of working-class communities, particularly those located in the northeastern.
Oilholics Synonymous Report
MAY 20, 2025
While the doors of Emerson Exchange 2025 opened on Monday, formal proceedings got underway on Tuesday morning with a keynote from Emerson CEO Lal Karsanbhai. The global industrial technology and software vendor's boss said his industry is facing dynamic markets in an evolving industrial landscape. "Emerson is moving in the right direction with purpose, conviction and agility in automation, shaping what's next for global industries," he noted.
POWER Magazine
MAY 1, 2025
The U.S. stands at a critical juncture. Were experiencing electric load growth for the first time in decades, as fierce global competition reshapes the energy landscape. Nuclear power, both the […] The post The Next Five Years Will Define U.S. Nuclears Fate 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
MAY 29, 2025
Toyota Boshoku America (TBA), Onyx Renewables, and key project partners gathered on May 28 for a ribbon-cutting ceremony to celebrate the completion of a 5.7-MW solar project that will fulfill 85% of electricity needs at TBAs Illinois plant with clean, affordable energy. The post New Solar Array Powering Auto Parts Plant in Illinois appeared first on POWER Magazine.
POWER Magazine
MAY 29, 2025
The Department of Energy (DOE) has issued an emergency order to delay the closure of Consumer Energys 1,560-MW J.H. Campbell coal-fired power plant in West Olive, Michigan,citing urgent reliability concerns […] The post DOE Issues Rare Emergency Order to Delay Michigan Coal Plant Retirement Amid MISO Grid Risk appeared first on POWER Magazine.
POWER Magazine
MAY 29, 2025
New York-headquartered Plug Power said the companys hydrogen plant in Woodbine, Georgia, produced 300 metric tons of liquid hydrogen in April of this year, the facilitys highest monthly output to date and a new benchmark for the U.S. hydrogen industry. The post Plug Powers Georgia Hydrogen Plant Sets U.S. Production Mark appeared first on POWER Magazine.
OilPrice
MAY 29, 2025
Kyushu Electric Power will sign a 20-year supply agreement to receive LNG from Energy Transfers Lake Charles export facility if its development proceeds as planned. The supply deal will be Kyushu Electric Powers first-ever agreement for LNG deliveries from the United States, which will help diversify the utilitys energy sourcing, the company said in a statement on Thursday carried by Reuters.
OilPrice
MAY 27, 2025
Goldman Sachs analysts issued yet another update to their oil price forecast, reiterating expectations of weaker prices this year and next, on the back of substantial growth in non-OPEC supplyexcluding U.S. shale. In a note, the analysts said oil production growth from non-OPEC ex Russia ex shale top projects will likely accelerate to 1MB/d over the next two years, adding that natural gas liquids production was also set for a rise over the period, thanks to the launch of new projects in Saudi Ar
OilPrice
MAY 29, 2025
Kazakhstan cannot reduce its oil production as it has no right to impose output reductions on international firms that are operating more than 70% of Kazakhstans oilfields, Energy Minister Yerlan Akkenzhenov said on Thursday. The republic has no right to enforce production cuts on the three large international consortiums, Bloomberg quoted Akkenzhenov as saying.
OilPrice
MAY 23, 2025
The total number of active drilling rigs for oil and gas in the United States came crashing down this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week. The total rig count in the US fell by 10 to 566 rigs, according to Baker Hughes, down 34 from this same time last year. The number of oil rigs fell by 8 to 465 after falling by 1 during the previous weekand down by 32 compared to this time last year.
OilPrice
MAY 16, 2025
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week. The total rig count in the US fell by 6 to 578 rigs, according to Baker Hughes, down 25 from this same time last year. The number of oil rigs fell by 1 to 473 after falling by 5 during the previous weekand down by 24 compared to this time last year.
OilPrice
MAY 23, 2025
The top U.S. energy officials will host on June 2 an event with officials from South Korea, Japan, and Taiwan to tout the $44-billion Alaska LNG project for which the United States is seeking Asian investors, sources with knowledge of the plans told Reuters on Friday. State firm Alaska Gasline Development Corporation (AGDC)seeks to advancethe Alaska LNG project, designed to deliver North Slope natural gas to Alaskans and export LNG to U.S. allies across the Pacific.
OilPrice
MAY 29, 2025
The race to build Kazakhstans first nuclear power plant appears to be tightening. The Russian nuclear entity Rosatom has long appeared to have the inside track on the construction contract, but the China National Nuclear Corp. (CNNC) is coming up on the outside, hoping to win it at the wire.
OilPrice
MAY 13, 2025
The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And its in Canada. The Montney Formation in Western Canada spans Alberta and British Columbia is one of the largest natural gas deposits on the continent.
OilPrice
MAY 23, 2025
Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas. Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2 million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% higher compared to 2024.
OilPrice
MAY 19, 2025
Germany, which has been opposing for years EU attempts to treat nuclear power as a green electricity source on par with renewable energy, has dropped this opposition under new chancellor Friedrich Merz, which could make EU energy policy much easier to adopt. Germany under former chancellor Olaf Scholz was opposing treating nuclear on an equal footing as solar and wind in the EUs goals and policy to achieve net-zero by 2050.
OilPrice
MAY 5, 2025
For the first time in history, fossil fuels supplied less than half of the United States electricity generation for an entire month, according tonew data releasedby energy think tank Ember. This milestone, achieved in March 2025, represents a turning point in the evolving energy mix of the worlds largest economy. Historically, fossil fuelsprimarily coal and natural gashave dominated U.S. electricity production.
OilPrice
MAY 5, 2025
U.S. crude oil supply will rise more slowly than expected for the rest of 2025 and in 2026 and peak as early as this year, as WTI benchmark prices below $60 per barrel are testing the breakeven point of shale production, energy flows intelligence firm Kpler said on Monday. Oil prices have slipped by more than 15% since the beginning of April as the market fears recessions from the U.S. tariffs and oversupply from the aggressive production hikes from OPEC+.
OilPrice
MAY 14, 2025
For decades, recycling plastic has been a losing game too slow, too expensive, and too limited in scope. Most methods rely on high-heat extrusion and mechanical separation, degrading the material each cycle until its useless. The result? Over 90% of global plastic waste still ends up in landfills or incinerators, despite widespread collection efforts and consumer demand for sustainability.That cycle may have just ended.
OilPrice
MAY 12, 2025
Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price war of 2015-2016 (see OPECs Trillion Dollar Miscalculation), the kingdom has decided to boost oil production in a market that is already adequately supplied. The goal is to reclaim lost market share from non-OPEC producers and send a clear message to fellow OPEC members who havent been sticking to the script.
OilPrice
MAY 1, 2025
Just one week ago, China seemingly couldn't get enough of gold, and the price of spot briefly touched a record $3500 as a result of, among other things, staggering inflows into Chinese gold ETFs such as the Huaan Yifu, Bosera and Guotai gold ETFs. But, as with all things momentum-based in China, it's easy come, easy go in the land of Dragons, and as Goldman commodity trader Adam Gillard writes, China liquidated what it bought last week ahead of the Labor Day holiday, resulting in total onshore p
OilPrice
MAY 26, 2025
Perhaps, as non-financial types, you have been perplexed by the strange doings of the various markets. Well, you should be. Consider these statistics for the year to date (May 21): The US stock market, as represented by the S&P 500 has declined by 0.6 %. WTI oil price has fallen 14.5%. The US dollar dropped 8.2%. US Treasury bond yields rose 2 basis points (meaning bond prices fell 0.4%).
OilPrice
MAY 29, 2025
It has been a volatile and unpredictable year in global oil markets, with price signals clouded by a growing list of competing drivers. From geopolitical tensions to macroeconomic shifts, both bullish and bearish forces are at play, making it increasingly difficult for analysts and investors to form a clear outlook. Amid this complexity, one structural factor stands out: U.S. oil production.
OilPrice
MAY 22, 2025
Many people are perhaps familiar with the term petrostates, which usually denotes oil-rich nations that are deeply intertwined with the oil industry, often facing economic and political challenges due to oil price fluctuations and the potential decline in hydrocarbon resources. Saudi Arabia, Iraq, the United Arab Emirates (UAE), Kuwait, and Iran are some of the worlds leading petrostates.
OilPrice
MAY 29, 2025
The eight OPEC+ nations that contributed to voluntary production cuts are set to meet on Friday to discuss production strategy for July. Commodity strategists at Standard Chartered have predicted that we are likely to see more of the same, with the group adding another 411 thousand barrels per day to July targets and cumulative unwinding now clocking in at 1.4 mb/d.
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.
OilPrice
MAY 25, 2025
The Department of the Interior has announced that the U.S. Geological Survey (USGS) has discovered large oil and gas deposits in the Mowry Composite Total Petroleum System that spans parts of Wyoming, Colorado and Utah. The report estimates large hydrocarbon resources, including 473 million barrels of oil and 27 trillion cubic feet (tcf) of natural gas.
OilPrice
MAY 5, 2025
The multi-layered strategic importance of Syria to Russia was underlined in 2011 when President Vladimir Putin ordered his military to intervene to counter the popular uprising that threatened to depose then-President Bashar al-Assad at that time. A sustained and dramatic escalation of its armed forces there, working closely with Iraqs key local sponsor Iran, ensured that Russia continued to benefit from the strategic advantages Syria offered it until the U.S.- and U.K.
OilPrice
MAY 3, 2025
Crude oil markets took a fresh hit this weekend after OPEC+ stunned traders by announcing a larger-than-expected output increase for June. In a virtual meeting on Saturday, key producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled. The move follows a similar surge announced for May and signals a sharp reversal from OPEC+ efforts to defend oil prices.
OilPrice
MAY 27, 2025
With six little words, Elon Musk has relegated the oil industry to a historical footnote. This, despite the oil industry underpinning the workings of the entire world. Compared to solar, oil is small-time, Musk posted on X, delivering a withering verdict on the fossil fuel era. No charts, no caveats. Just a blunt assertion that the sunnot crude oilwill define the future of global energy.
POWER Magazine
MAY 29, 2025
Pacific Gas and Electric Company (PG&E) and Smart Wires have announced a project to enhance grid reliability and meet energy commitments for data centers connecting in San Jose, California. North Carolina-based Smart Wires will deploy its advanced power flow control (APFC) technology to help PG&E mitigate thermal overloads, redirect power flow, and increase available capacity at its Los Esteros electric substation.
OilPrice
MAY 14, 2025
All the countries in the OPEC+ pact saw their combined crude oil production drop by 106,000 barrels per day (bpd) in April compared to March, despite the pledge of the eight OPEC+ producers who are withholding supply to begin easing their cuts. OPEC+ producers Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman have decided to begin raising production in April, for the first time since 2022.
POWER Magazine
MAY 8, 2025
On April 28, 2025, at 12:33 p.m. local time, a significant blackout affected the entire Iberian Peninsula, plunging Spain and Portugal into darkness. During a webcast on May 6, Sean […] The post Understanding the April 2025 Iberian Peninsula Blackout: Early Analysis and Lessons Learned appeared first on POWER Magazine.
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