OilPrice
JUNE 13, 2025
Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis. Drilled to a depth of 4,185 meters, the well tested at 6.4 million cubic feet per day of gas and 55 barrels per day of condensate from the Lower Goru formation.
POWER Magazine
JUNE 12, 2025
Talen Energy has restructured and significantly expanded its nuclear energy agreement with Amazon Web Services (AWS), finalizing a 17-year, $18 billion power purchase agreement (PPA) that will supply up to […] The post Talen, Amazon Launch $18B Nuclear PPA—A Grid-Connected IPP Model for the Data Center Era appeared first on POWER Magazine.
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Marcellus Drilling News
JUNE 10, 2025
In early April, MDN brought you the exciting news that pipeline giant Williams, via its subsidiary, Will-Power, is planning to build two Utica/Marcellus gas-fired power plants in the New Albany International Business Park in Licking County, Ohio (see Williams Subsidiary Unveils Plans for Gas-Fired Power Plant in Ohio). The two projects are called the Socrates.
Oil & Gas 360º
JUNE 10, 2025
(Oil & Gas 360) – June 10, 2025 – When Oil & Gas 360 ® first sat down with Troy Eckard, Founder and Chairman of Eckard Enterprises , for a candid Executive Interview , the result was a compelling story chock-full of insights from a successful oil and gas veteran. Troy’s passion for educating investors, his decades of experience, and Eckard Enterprises’ $110 million in cash flow distributions gave readers a compelling look at how tangible assets can fuel long-term wealth creat
OilPrice
JUNE 12, 2025
The UK’s grid operator has seen its balancing costs jump as more wind farms in Scotland are being paid not to produce electricity to not overburden the constrained network in the region. When wind generation is high in constrained regions of the network, such as Scotland, the National Energy System Operator (NESO) must take actions to turn down wind output and turn on replacement energy in unconstrained regions to keep the system balanced.
POWER Magazine
JUNE 11, 2025
People in the power industry understand inertia and its importance to grid stability. As large thermal power plants and other inertia-providing units are replaced with renewable resources that provide no […] The post How Decreasing Inertia Is Affecting Power Grids and What to Do About It appeared first on POWER Magazine.
Marcellus Drilling News
JUNE 10, 2025
In April, Duke Energy, owner of electricity utility companies serving 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, sealed a deal with GE Vernova to buy up to 11 gas turbines to power new gas-fired power plants (see Duke Energy Secures Deal for 11 GE Vernova Gas-Fired Turbines). That’s in.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
JUNE 9, 2025
Crude oil prices could decline below $50 a barrel this year, according to analysts from outlets including S&P Global. This will give American drivers much needed relief at the pump after years of gas price inflation. One reason for the hypothetical decline is what is widely seen as weakening demand growth. The IEA recently estimated this growth at below 1 million bpd this year, the weakest since the pandemic lockdown period.
POWER Magazine
JUNE 13, 2025
The California Energy Commission (CEC) has approved the Darden Clean Energy Project, which the agency said is the first to be fast-tracked under the group's Opt-In Certification program. The commission said the installation features 1,150 MW, or 4,600 kWh, of battery energy storage, along with a 1,150-MW solar array with about 3.1-million panels. The post ‘World’s Largest’ Energy Storage Site Approved as Part of California Solar Project appeared first on POWER Magazine.
Marcellus Drilling News
JUNE 13, 2025
In April, MDN told you that the West Virginia Supreme Court was scheduled to hear oral arguments in two important oil and gas royalty cases (see WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases).
Oilholics Synonymous Report
JUNE 11, 2025
The Oilholic was delighted to join the demo day of UK-based energy AI firm Applied Computing in London on Tuesday. The firm recently announced a £9 million seed funding round - largest ever for a British AI company's at seed stage - to bring what it describes as "superintelligence" to the energy industry. Applied Computing’s flagship product - Orbital - has been built using multi-foundation AI powered by a new class of models built to optimise the physical world.
OilPrice
JUNE 10, 2025
Peak shale may already be behind us. U.S. crude oil production is now forecast to slip from a record 13.5 million barrels per day (bpd) in Q2 2025 to around 13.3 million bpd by the end of 2026, according to the U.S. Energy Information Administration’s bombshell June Short-Term Energy Outlook, signaling to an already price-weary industry that shale’s best days are in the rearview.
POWER Magazine
JUNE 11, 2025
Duke Energy intends to submit an application to South Carolina’s Public Service Commission (PSC) for approval to build a 1.4-GW gas-fired combined cycle plant with hydrogen capability in Anderson County. […] The post Duke Energy Advances New 1.4-GW Gas-Hydrogen Power Plant in South Carolina Under New Energy Security Mandate appeared first on POWER Magazine.
Marcellus Drilling News
JUNE 12, 2025
According to a former New Jersey Board of Public Utilities commissioner who was first appointed by Republican Gov. Chris Christie and later reappointed by Democrat Gov. Phil Murphy, New Jersey’s energy policy has “gone off the rails” due to the lack of fact-based planning. The former commissioner, Mary-Anna Holden, should know. She’s someone with a.
Energy Outlook Advisors
JUNE 8, 2025
June 8, 2025 Europe’s energy landscape is transforming as the continent reduces its reliance on imported natural gas. Following Russia’s 2022 invasion of Ukraine, the EU accelerated efforts to diversify gas supplies, launching the REPowerEU plan to phase out fossil fuels and other plans to reduce imports form Russia. Russian gas imports dropped from 45% to 19% of total consumption by 2024, with increased LNG imports from the US.
OilPrice
JUNE 10, 2025
US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see "Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates") blunting the impact of its dominations of exports of rare earth metals. China imported more than 565,000 barrels per day of petrochemical feedstocks from the US in 2024 according to the Energy Information Administration, with a value of over $4.7 billion.
POWER Magazine
JUNE 13, 2025
A nonprofit environmental group said at least 130 natural gas-fired power plant projects are planned in Texas over the next few years as part of that state's effort to meet growing demand for energy. The Washington, D.C.-based Environmental Integrity Project (EIP), in a report published June 11, said the projects would provide about 58 GW of new generation capacity, while noting that many of the proposed facilities may not move beyond the planning stage.
Marcellus Drilling News
JUNE 9, 2025
The Center for Energy & Environmental Analysis (CEEA) claims it is a “non-partisan think tank” that studies energy and environmental trends and their impact on the future. Attached to the University of Texas at Austin, the CEEA is actually very partisan (Democrat) and anti-fossil fuel. However, the CEEA has done us all a favor. The.
Oil & Gas 360º
JUNE 13, 2025
(Oil Price) – As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will require EU companies to disclose details of their contracts to buy Russian gas, according to an internal European Commission document seen by Reuters. In May, the EU unveiled a roadmap to end dependency on Russian energy. The roadmap calls for the EU to stop all imports of Russian gas by the end of 2027 by improving the transparency, monitoring, and traceability of Russian
OilPrice
JUNE 10, 2025
Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. According to Francisco Blanch, BofA’s head of commodities research, the unfolding oil price war is going to be “long and shallow”, rather than “short and steep” as the Kingdom tries to claw back lost market share, especially from U.S. shale producers.
POWER Magazine
JUNE 11, 2025
U.S. power infrastructure—the intricate physical fabric that laces together generation, transmission, and distribution—is under intensifying strain. Outdated and overextended, it must now absorb relentless growth from electrification and data centers […] The post Out of Sync: The Infrastructure Misalignment Undermining the U.S. Grid appeared first on POWER Magazine.
Marcellus Drilling News
JUNE 13, 2025
Pennsylvania’s U.S. Senators, Dave McCormick, R-Pittsburgh, and John Fetterman, D-Braddock, have introduced Senate Bill 2044, which would move the federal Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) to Pittsburgh. It’s not an insignificant move. The DOE FECM employs approximately 750 federal employees, including scientists, engineers, technicians, and administrative staff.
Oil & Gas 360º
JUNE 12, 2025
(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale. Developed by Fennex, an award-winning Aberdeen-based digital technology company, WindSafe was purpose-built to address the evolving challenges of high-risk offshore environments, with support from an innov
OilPrice
JUNE 9, 2025
Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin. The East African country has oil and gas resources, but development has stalled after UK-listed Tullow Oil failed to secure investor partners for a major oil project that has been years in the making.
POWER Magazine
JUNE 11, 2025
As the world grapples with the urgent need to combat climate change, the transition from fossil fuels to renewable energy sources is accelerating, driven by technological advancements and governmental directives. […] The post The Great Shift: Navigating the Global Energy Transition appeared first on POWER Magazine.
Marcellus Drilling News
JUNE 13, 2025
During EQT Corporation’s third quarter 2023 update and conference call (held in October 2023), the company announced “two of the largest, long-term physical supply deals ever executed” for 1.2 billion cubic feet per day (Bcf/d) of EQT’s molecules. Those molecules will flow on the Mountain Valley Pipeline (MVP) beginning in 2027 (see EQT Sets New.
Oil & Gas 360º
JUNE 13, 2025
(Oil Price) – The plans of many EU countries to boost nuclear power capacities will need an investment of as much as $278 billion (241 billion euros), according to estimates by the European Commission. Many EU countries have drafted plans to increase nuclear power capacity or even return to nuclear energy after decades of no nuclear generation, as they look to reduce imports of fossil fuels and meet emissions reductions and net-zero goals with more nuclear power.
OilPrice
JUNE 10, 2025
Texas is pumping natural gas out of the ground and exporting it at a record pace. It may only be the start of another energy boom for the Lone Star State because natural gas demand is growing both globally and at home. Texas produced 34.1 billion cu ft daily of natural gas in March, newly released figures from the Texas Oil and Gas Association showed this week.
POWER Magazine
JUNE 11, 2025
The U.S. solar industry has increasingly begun to rebrand itself as “MAGA-friendly,” emphasizing cost savings, energy independence, and job creation over climate concerns. This shift marks a departure from its […] The post The Risk of Political Rebranding in the Clean Energy Industry appeared first on POWER Magazine.
Marcellus Drilling News
JUNE 13, 2025
CNX Resources, a major Marcellus/Utica driller headquartered in Pittsburgh, announced a major change in its leadership structure, although not in personnel. The company said yesterday it is promoting its Chief Financial Officer (CFO), Alan Shepard, to become the company’s President. Shepard will retain his CFO title as well. Nick Deiuliis, who had held the titles.
BOE Report
JUNE 11, 2025
Alberta Premier Danielle Smith said on Wednesday the province is working to present Canadian Prime Minister Mark Carney with a proponent and route for a potential new crude pipeline from Alberta to the Port of Prince Rupert in British Columbia.
OilPrice
JUNE 12, 2025
JP Morgan is sticking to its base-case oil price forecast for 2025, projecting Brent crude will trade in the low-to-mid $60s, despite a sharp escalation in geopolitical tensions involving Iran, the U.S., and potentially Israel. In a note published Thursday, the bank said it sees oil averaging $60 in 2026, but flagged $120–$130 per barrel as a potential range in the event of worst-case outcomes—namely, military conflict and a closure of the Strait of Hormuz, through which one-fifth of global oil
POWER Magazine
JUNE 11, 2025
Resilience, sustainability, cost savings, and more are behind the increasing adoption of microgrids, as a variety of industries and enterprises seek greater control of their energy supply. The post Microgrids: Decentralized Power That’s Central to the Energy Transition appeared first on POWER Magazine.
Marcellus Drilling News
JUNE 11, 2025
It’s been no secret that natural gas production in the Marcellus/Utica has stalled over the past few years. Since 2021, the M-U has been rangebound in producing somewhere between 34 and 37 Bcf/d (see the chart). The main reason we haven’t expanded our production is the lack of transportation (pipelines) to move our molecules to.
Enverus
JUNE 9, 2025
At Enverus, we empower energy innovators with intelligent software that transforms complexity into clarity and decisions into results. Using our PRISM platform, we analyzed how our customers are outperforming the market in building successful power and renewables projects. By comparing Enverus customers to the broader market, we uncovered clear trends in project success metrics such as queue performance, pricing and interconnection decisions and land buildability.
OilPrice
JUNE 7, 2025
Copper has become an essential building block in modern construction and energy. In the coming years, the global demand for copper is expected to increase significantly as it is used more widely for renewable energy projects and transmission. The Australian mining major BHP expects the demand for copper to grow by around 70 percent, to 50 million tonnes, by 2050, as it is used more widely for a range of applications.
POWER Magazine
JUNE 10, 2025
Fervo Energy announced the successful drilling and logging of its Sugarloaf appraisal well, an operational achievement that the company said demonstrates the rapid advancement and scalability of enhanced geothermal systems (EGS). The well was drilled to a true vertical depth of 15,765 feet and is projected to reach a bottomhole temperature of 520F after full thermal equilibration.
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