OilPrice

JUNE 8, 2025

This animated chart, via Visual Capitalist's Bruno Venditti, uses data from the U.S. Energy Information Administration to illustrate how the country’s energy generation landscape has evolved since 1950. U.S. Energy Generation by Source, 1950–2024 As seen in the video above, natural gas has experienced the most significant growth—rising from just 6.2 quadrillion BTUs in 1950 to 39.2 in 2024—making it the leading energy source in recent years, surpassing both coal and oil.

Energy 250

Energy Energy Natural Gas Gas 250

Mees

JUNE 13, 2025

Adnoc Gas has awarded contracts for the $5bn first phase of its 1.5bn cfd Rich Gas Development project. The project will handle associated gas from Adnoc’s crude expansion projects and puts the UAE a step closer to gas self-sufficiency by 2030.

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Gas Associated Gas IT 52

Rextag

JUNE 10, 2025

EOG Resources has entered into a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion, including net debt, in a transaction that significantly strengthens EOG’s position in the Utica Shale. The sellers are Canada Pension Plan Investment Board (CPP Investments) and Encino Energy. The acquisition will be funded through a combination of $3.5 billion in new debt and $2.1 billion in existing cash, allowing EOG to preserve its shareholder equity.

Condensate 52

Condensate Basin Operator Sustainable 52

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 Outdated and overextended, it must now absorb relentless growth from electrification and data centers […] The post Out of Sync: The Infrastructure Misalignment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.

Supply Chain 180

Supply Chain IT Natural Gas Engineering 180

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.

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Gas Condensate Oil Barrel 341

Oil Review Middle East

JUNE 11, 2025

Global upstream oil investment is set to fall this year for the first time since the Covid slump in 2020, with upstream oil and gas spending gravitating to the Middle East, according to the 2025 edition of the IEA’s annual World Energy Investment report The forecast 6% drop, the steepest since 2016, is driven mainly by a sharp decline in spending on US tight oil, and reflects lower oil prices and demand expectations.

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Upstream Natural Gas Oil Finance 59

Iraq Business News: Oil & Gas

JUNE 8, 2025

By John Lee. As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation. It says the Ministry has raised associated gas capture from 53% to 70%, and dry gas production from 1,300 to 1,800 million standard cubic feet per day (mmscfd). Key projects already completed or underway include: Halfaya Gas Project (Missan): 300 mmscfd Basra Gas Company (BGC) (BNGL1 and BNGL2): 200 mmscfd each A

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Gas Field Dry Gas Associated Gas 59

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.

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Operator Energy Energy IT 334

Offshore Engineer

JUNE 11, 2025

RWE Offshore Wind has awarded two long term agreements to Clarkson Port Services to support the operations and maintenance activities at its 1.

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Maintenance Offshore Operator IT 58

Offshore Energies UK

JUNE 11, 2025

New funding for projects in Scotland, Humberside, Teesside and Merseyside The investment in the UK offshore energy industry outlined in today’s Comprehensive Spending Review is progress towards a clearer picture of how the government will support homegrown energy. Offshore Energies UK has repeatedly highlighted the need to prioritise domestic energy production to unlock economic and industrial growth and safeguard jobs and energy security, as well as meeting net zero targets.

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Offshore Supply Chain Energy Energy 69

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.

Energy 261

Energy Energy 261

OilPrice

JUNE 11, 2025

Guyana's offshore oil industry is set to take a major leap forward as the One Guyana floating production, storage, and offloading (FPSO) vessel readies its first export cargo. According to Reuters, the inaugural shipment of the newly branded 'Golden Arrowhead' crude grade is slated for late August to early September, marking a critical milestone for the ExxonMobil-led consortium that includes Hess Corp. and China's state-run CNOOC.

Offshore 268

Offshore Operator Oil IT 268

Offshore Engineer

JUNE 11, 2025

U.S. natural gas output and demand will both rise to record highs in 2025, the U.S.

Natural Gas 67

Natural Gas Gas Energy Energy 67

Rigzone

JUNE 11, 2025

Southeast Asia could unlock up to 25 GW of renewable energy generation and over $40 billion of investment in hydropower, solar and offshore wind if all proposed interconnections with Singapore are realized.

Offshore 62

Offshore Energy Energy 62

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.

Energy 256

Energy Energy Gas Utilities 256

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.

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Natural Gas Gas Oil IT 313

Oil & Gas Magazine

JUNE 13, 2025

Pemex avanza en la recuperación de infraestructura en Ciudad Madero, priorizando el reuso de agua en procesos industriales y destinando más de 2,600 mdp en mantenimiento. Petróleos Mexicanos (Pemex) destacó los avances en la recuperación de infraestructura estratégica en el sur de Tamaulipas , enfocándose en la eficiencia del uso del agua dentro de sus operaciones.

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BOE Report

JUNE 10, 2025

U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 105.9 bcfd in 2025 and 106.

Dry Gas 93

Dry Gas Natural Gas Gas Energy 93

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.

Energy 147

Energy Energy Sustainable Sustainability 147

OilPrice

JUNE 10, 2025

The UK government said it would invest 14.2 billion pounds in the construction of the Sizewell C nuclear power plant as it seeks to boost energy security. The amount equals around $19.3 billion. “We need new nuclear to deliver a golden age of clean energy abundance, because that is the only way to protect family finances, take back control of our energy, and tackle the climate crisis,” energy minister Ed Miliband said in a statement, as quoted by Reuters.

Finance 130

Finance Government Energy Energy 130

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

Gas 130

Gas Pipeline Natural Gas Oil 130

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.

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Project Manager Drivers Operator Finance 130

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.

Energy 147

Energy Energy Operator IT 147

OilPrice

JUNE 8, 2025

In addition to California, which has long been a renewable energy powerhouse, some unexpected states have come out on top for green energy production in the United States in recent years. Texas and Florida join the Golden State as the top wind and solar energy producers in the U.S., having invested heavily in increasing their renewable energy capacity.

Energy 287

Energy Energy 287

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

IT 130

IT Offshore Supply Chain Operator 130

BOE Report

JUNE 10, 2025

Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary General Haitham Al Ghais said on Tuesday.

Oil 105

Oil Barrel Energy Energy 105

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.

Energy 323

Energy Energy IT Finance 323

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.

Oil 334

Oil IT 334

Oil & Gas 360º

JUNE 9, 2025

(BOE Report) – Argentina’s mergers and acquisitions market could grow significantly in the coming years if President Javier Milei’s economic reforms continue, Juan Tripier, director of M&A and corporate finance at PricewaterhouseCoopers (PwC) Argentina, told Reuters. Investors have shown renewed interest in Argentina following Milei’s measures, which include sharp reductions in inflation and public spending, a restored fiscal surplus, and relaxed foreign exchange controls.

Energy 130

Energy Energy Upstream Consulting 130

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.

Energy 157

Energy Energy Downstream Exploration and Production 157

POWER Magazine

JUNE 11, 2025

The U.S. solar manufacturing landscape has undergone a remarkable transformation since the passage of the Inflation Reduction Act (IRA) in 2022. Through targeted domestic content incentives, the federal government has […] The post IRA Incentives Fuel U.S. Solar Manufacturing Surge appeared first on POWER Magazine.

Manufacturing 147

Manufacturing Government Supply Chain Finance 147

OilPrice

JUNE 9, 2025

The United States just saw one of its strongest quarters in solar capacity additions on record, but growth will slow down going forward due to the federal trade and energy policies, the Solar Energy Industries Association (SEIA) said on Monday. During the first quarter of the year, the U.S. solar industry installed 10.8 gigawatts direct current (GWdc) of capacity, down by 7% from Q1 2024 and a 43% decrease compared with Q4 2024, but still the fourth largest quarter on record, according to the qu

Energy 151

Energy Energy IT 151

Permian Basin Oil and Gas Magazine

JUNE 10, 2025

Texas Oil and Gas Association reported Monday record amounts of natural gas production in the state this year. TXOGA said natural gas withdrawals rose to 36.9 billion cfd in May with marketed production reaching a record 34.4 billion cfd. Crude oil production remained steady at 5.7 million b/d. Todd Staples, president, said, “With abundant natural resources, top-tier infrastructure, and an ongoing commitment to innovation and improvement, this industry reliably delivers for families, communit

Natural Gas 94

Natural Gas Gas Crude Oil Basin 94

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

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Gas Education Oil Basin 200

POWER Magazine

JUNE 13, 2025

XGS Energy and Meta Platforms announced announced an agreement to support development of 150 MW of next-generation geothermal energy in New Mexico. The groups on June 12 said XGS Energy’s […] The post XGS Energy, Meta Partner for 150-MW Advanced Geothermal Project appeared first on POWER Magazine.

Energy 130

Energy Energy Engineering Engineer 130

OilPrice

JUNE 9, 2025

Iraq is on the brink of an economic breakdown as OPEC’s second-largest producer continues to rely mostly on oil exports for federal government revenues, analysts warned on Monday after official data showed that oil represents a whopping 91% of all federal budget revenues. Iraq’s federal revenues topped $107 billion (140 trillion Iraqi dinars) last year, data from the Ministry of Finance showed this weekend.

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Oil Finance Government 300

Enverus

JUNE 10, 2025

The following blog is distilled in part from  Enverus Intelligence® Research (EIR)  publications. After nearly a decade on the sidelines, EOG Resources has made a bold return to the M&A arena with its $5.6 billion acquisition of Encino Acquisition Partners (EAP). This landmark deal not only reshapes EOG’s portfolio but also sends ripples through the broader energy M&A landscape, signaling a shift in where, and how, operators are seeking growth.

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IT Operator Basin Exploration and Production 130