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Maryland lawmakers have introduced a bill in the state legislature that sponsors say would provide an easier path to build new power plants, including natural gas-fired facilities, and lower utility bills for ratepayers as part of the process. The post Maryland Officials Support Gas Plants Among Cleaner Forms of Generation appeared first on POWER Magazine.
Since 2019, Germany’s Climate Protection Act has had aimed to reduce Germany’s carbon emissions to zero by 2045. The incoming new government has to adhere to this law. Will it though? Credits: MDV Edwards, All rights reserved.
Shale titan Harold Hamm isnt mincing wordsif oil prices stay this low, drilling in some of Americas prized shale fields could grind to a halt. Speaking at CERAWeek in Houston, the Continental Resources founder warned that with oil hovering near $65 a barrel, many U.S. fields are already on shaky ground. When you get below the cost of supply, you cant drill, baby, drill, Hamm told Bloomberg.
For more than 13 years MDN has harped on the fact that groups like Trout Unlimited are filled with extremist anti-drillers (see our article Anti-Drilling Close-up: Trout Unlimited from October 2012). In February 2014, a national organization aimed a spotlight on Trout Unlimited and several other so-called conservation groups (see Trout Unlimited, Other Groups Outted.
An India-based company said it has started commercial operation of a 1,200-MW natural gas-fired power plant in Malaysia, part of a buildout of power generation capacity as that country's population grows and its economy expands. The post GE Vernova Turbines Powering New 1.2-GW Gas-Fired Plant in Malaysia appeared first on POWER Magazine.
(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. The IEA famously said in 2021 that no investments in new oil and gas fields are needed if the world has a chance to reach net-zero emissions by 2050.
The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. The IEA famously said in 2021 that no investments in new oil and gas fields are needed if the world has a chance to reach net-zero emissions by 2050.
Multiple speakers at this week’s CERAWeek by S&P conference in Houston have predicted that demand for natural gas will continue to see record highs due to AI (artificial intelligence) and more LNG export facilities coming online. However, the speakers caution that while we have plenty of supply to meet the higher demand, we don’t have.
Multiple speakers at this week’s CERAWeek by S&P conference in Houston have predicted that demand for natural gas will continue to see record highs due to AI (artificial intelligence) and more LNG export facilities coming online. However, the speakers caution that while we have plenty of supply to meet the higher demand, we don’t have.
LS Power, a development, investment, and operating company focused on the North American power and energy infrastructure sector, on March 14 announced it has applied to build about 700 MW of new generation supply as part of PJM's Reliability Resource Initiative (RRI), which is designed to expedite connecting shovel-ready, high-reliability projects to the grid.
Energy Vocations is the monthly series in which Energy Voice speaks to workers who keep the UK's lights on. The post Energy Vocations: Mick Gillespie has worked on the Anasuria FPSO since day one appeared first on Energy Voice.
The world is re-embracing nuclear energy after decades of decline, driven by technological advances and the need to keep pace with growing energy demand fueled by the tech sector without compromising climate goals. The world is now on track to produce more nuclear energy than ever before in 2025, and the International Energy Agency (IEA) predicts an all-out nuclear renaissance.
Hart Energy reports that Expand Energy, formed by the combination of Chesapeake Energy and Southwestern Energy, drilled a massive 5.6-mile lateral in northern West Virginias dry-gas Uticaand it was drilled in five days with just one bit run. Expand’s Shannon Fields OHI #3H well, located in Ohio County, WV, has a 29,687-ft lateral. We always. The post Expand Energy Drilled 5.6-Mile Lateral in the WV Utica in 5 Days first appeared on Marcellus Drilling News.
Technology company Cisco is among the groups involved in six virtual power purchase agreements (VPPAs) to secure energy from two solar power plants being developed in Texas. The post Corporate Buyers Sign Deals With Texas Solar Energy Projects appeared first on POWER Magazine.
Oil rallied yesterday and has given back a bit today. Kistos sees the Jotun FPSO sail away, Arrow has a great CPR, Southern a raise on firming natural gas prices. And Petro Matad still waits for oil sales contract approval. The post Oil price, Kistos, Arrow, Southern, Petro Matad. And finally… appeared first on Malcy's Blog.
American and Vietnamese companies signed this week several agreements in the energy and minerals sectors estimated to be worth $4.15 billion, as the Southeast Asian country looks to avoid U.S. tariffs and boost cooperation with U.S. firms. Vietnams Trade Minister Nguyen Hong Dien visited the United States this week and held talks with the US Trade Representative Jamieson L.
Joe Stalin was a brutal dictator in the Soviet Union (Russia) who ruled with an iron fist during the early 20th century. He established the totalitarian political system known as Stalinism, which forcibly purged society of what it saw as threats to itself and its brand of communism. We think Stalinism is an apt description. The post Stalinist NY Bill Would End Natural Gas for Homes and Businesses first appeared on Marcellus Drilling News.
Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, accurate forecasting […] The post AI-Powered Energy Forecasting: How Accurate Predictions Could Save Your Power Company appeared first on POWER Magazine.
If history has taught us anything, theres nothing quite like widespread buzz to inspire an influx of dupes, and AI dupes are no exception. As far back as the Second Century BCE, growing demand for Greek sculptures among wealthy Romans led to a proliferation of replicas. Today, the dupe phenomenon shows no signs of slowing down, particularly with younger generations — eMarketer published survey data highlighting that 71% of Generation Zers and 67% of millennials say they sometimes or always
China just achieved another milestone breakthrough for nuclear fusion technology, bringing the country closer to achieving its goal of commercial nuclear fusion by 2050. This week scientists announced that the nations Experimental Advanced Superconducting Tokamak (EAST), achieved a sustained temperature of 100 million degrees Celsius, shattering previous records and bringing nuclear fusion closer to reality.
Here’s an explosive allegation. EQT Corporation and its pipeline subsidiary EQM Gathering are suing Union Township (located in Washington County, PA). Also named in the lawsuit are the town’s five supervisors. EQT’s allegation is that the town (and its supervisors) are attempting to extort big money from EQT to allow the company to connect gathering.
The SHINES project, or Showcasing Hydrokinetic energy Innovations for Northwest European Energy Sovereignty, is underway, bringing together 14 partners from France, Ireland, Belgium, the Netherlands, Switzerland, and Germany. Co-financed by […] The post SHINES Project Will Harness Tidal, River Energy in European Region appeared first on POWER Magazine.
North Sea workers aged between 35 and 64 are more likely to believe accessing mental health support will negatively impact their careers, a landmark report has revealed. The post Offshore workforce biggest demographic fears mental health support will impact jobs appeared first on Energy Voice.
Uzbekistan has announced a $2.6-billion initiative to develop the countrys substantial mineral resources, setting the Central Asian nation up to potentially become an important source of rare earths for US businesses. During a March 7 presentation in Tashkent, President Shavkat Mirziyoyev announced a three-year investment plan to develop 76 projects covering 28 different elements used in the production of durable goods.
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook on Tuesday, the agencys monthly best guess about where energy prices and production will go in the next 12 months. In this latest assessment, EIA expects the Henry Hub price to average around $4.20 per million British thermal units (MMBtu) in 2025, The post March STEO Predicts 2025 NatGas Price Avg Higher @ $4.20/MMBtu first appeared on Marcellus Drilling News.
A Massachusetts-based solar energy firm is merging with the community solar arm of a Colorado-headquartered renewable energy group to create one of the country's largest pure-play community solar companies. Perch Energy, based in Boston, and Arcadia on March 11 said they are joining to manage more than 3 GW of solar power capacity developed by more than 90 groups across 16 states.
March 12, 2025 EOA’s Main Takeaway Although changes in inventories followed historical trends, the bad weather in Texas has influenced exports and imports. Gasoline inventories are currently at a comfortable level, but refinery maintenance might lead to low levels at the start of summer. We will monitor jet fuel demand, expecting it might decline significantly due to slow economic growth and reduced government travel.
The mass layoffs of federal employees is leaving the process of critical energy projects permitting understaffed and slowed in various oil-producing U.S. areas, Reuters reports, quoting agency representatives and state officials. The newly created Department of Government Efficiency (DOGE), led by Elon Musk, is axing the federal workforce on a mass scale.
The NYMEX natural gas “front month” futures contract (currently the April contract) closed at its highest level yesterday since Dec. 29, 2022, closing at $4.4910 per million British thermal units (MMBtu). That was a gain of 9.2 cents from Friday’s close. However, it was quite the roller coaster, at least early in the day, as. The post NYMEX Natural Gas Price Hits Two-Year High of $4.491/MMBtu first appeared on Marcellus Drilling News.
ABB and Canada-based Charbone Hydrogen Corp. have signed a Memorandum of Understanding (MoU) agreement to collaborate on the development of up to 15 modular and scalable green hydrogen production facilities […] The post ABB, Charbone Hydrogen Join to Advance Green Hydrogen Production appeared first on POWER Magazine.
Oil is down 50 cents today as Chinese inflation data disappoints. Today DEC join a group to address the growing data centre demand and Savannah have closed the SIPEC acquisition. The post Oil price, DEC, Savannah. And finally… appeared first on Malcy's Blog.
With the CERAWeek 2025 conference in Houston drawing to a close, C-Suite executives, ministers and top officials have weighed in on the trajectory of the global oil and gas sector with experts debating whether tariffs, trade, and competition will replace security, affordability, and sustainability in shaping energy markets and policy.
Ascent Resources, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohios largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its fourth quarter and full-year 2024. The post Ascent Resources Actively Considering IPO or Sale first appeared on Marcellus Drilling News.
The Uniper Global Commodities SE (Uniper) dispute highlights geopolitical and legal risks in volatile markets. Uniper, once Germanys top Russian gas importer, was nationalized after it faced financial chaos when […] The post Navigating International Arbitration in Power Generation: Key Insights for Dispute Resolution and Asset Protection appeared first on POWER Magazine.
With CERAWeek 2025 by S&P Global drawing to a close on March 14, the Oilholic capped a fascinating and engaging week out in Houston by having insightful 1-on-1 discussions, panel chats and wider interactions on the global energy mix and where it is heading to. All blog entries for CERAWeek may be found here. Yours truly also provided insight to Energy Connects and Forbes throughout the event as detailed below.
Half of the worlds carbon emissions come from just 36 companies, according to a recent analysis. Countries worldwide have been battling to decarbonise their economies by investing in renewable energy and clean tech, moving away from fossil fuels, and reducing emissions from some of the most polluting industries. Despite their best efforts, it seems that the world may fail to achieve the 1.5-degree heating target outlined in the Paris Agreement climate accord unless the most polluting companies w
There has been dynamite news coming from this week’s CERAWeek by S&P conference in Houston (wish we were there!). Of all the things reported thus far (with two days still to go), no piece of news has been more dynamite than a statement made by Secretary of the Interior Doug Burgum during a talk at. The post Feds Will Step In to Build Marcellus-to-New England Pipeline first appeared on Marcellus Drilling News.
As buildings, EVs, and industrial processes are increasingly electrified, utilities are seeing grid demand rapidly growing. While this shift is necessary to reduce emissions, it also introduces new challenges for grid stability, capacity, and long-term reliability. The post The POWER Interview: Upgrading the Grid Key to Support Electrification appeared first on POWER Magazine.
The home stretch of CERAWeek did not disappoint. But before Days IV and V got underway, the conclusion of Wednesday (Day III) brought perhaps the biggest talking point of the event. That's after the World Nuclear Association, anchored a huge group of cross-sector executives to commit to expanding nuclear energy. How huge you ask dear readers? Well it counts Google, Amazon, Meta, Occidental and Dow, 14 major global banks and financial institutions including Goldman Sachs, Morgan Stanley and Bank
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