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The U.S. Department of Energy (DOE) has reissued a $900 million funding opportunity to accelerate deployment of Generation III+ small modular reactors (SMRs), removing community benefit requirements and shifting the […] The post DOE Reissues $900M Nuclear SMR Opportunity, Scraps Community Criteria to Focus on Technical Merit appeared first on POWER Magazine.
This year will see the highest amount of new oil supply in a decade, according to data analyzed by Raymond James that showed projected global additions of nearly 3 million barrels daily. But only if the price is right. Bloomberg reported the Raymond James figures, noting projects such as the giant Tengiz field in the Kazakh section of the Caspian Seaone of the largest oil discoveries in modern timesand the Bacalhau field in Brazil, which has an estimated potential of 1 billion barrels of oil equ
The Pennsylvania Department of Environmental Protection (DEP) continues to aid and abet radical environmental groups in circumventing the state legislature. In what amounts to a classic leftist sue-and-settle case, last year radical environmental groups (including the Clean Air Council and Environmental Integrity Project) petitioned the state Environmental Quality Board (EQB), asking the board to amend.
Co-authors: Lou Norman and Erich Stokes A golden nugget can be seen as a valuable piece of information that significantly enhances security measures. In cybersecurity, identifying and leveraging such golden nuggets can be crucial for maintaining robust security postures and preventing breaches.
German multinational chemical company BASF has commissioned that country's largest proton exchange membrane (PEM) electrolyzer. The company said the 54-MW facility will have an annual capacity of as much as 8,000 metric tons of hydrogen. The post BASF Commissions Electrolyzer for Major German Hydrogen Production Project appeared first on POWER Magazine.
Saudi Arabia, the worlds top crude oil exporter, is expected to slash the price of its oil loading for Asia in May to the lowest level in three months amid a slide in regional benchmarks, a Reuters survey of Asian refining and trading sources showed on Friday. Saudi oil giant Aramco is set to slash its official selling price (OSP) for the Arab Light grade by between $1.80 and $2 per barrel to Middle Eastern benchmarks for cargoes loading for Asia next month, according to the survey.
Last week, MDN told you that fracking has begun under the park, and literally nobody noticed (see Drilling Begins Under Salt Fork State Park No Signs of Fracking). The radical left has been stroking out over the prospect of drilling under (not on) Salt Fork and other state-owned parks and lands. The Big Green-backed. The post $9.6M Renovation Coming to Salt Fork State Park, Thx to Fracking first appeared on Marcellus Drilling News.
Most Britons have no intention of installing a heat pump. Given the cost of electricity in the UK, that’s not unreasonable. Ros Taylor looks at why it is so hard to tempt them away from gas boilers. Credits: Rawpixel, All rights reserved. ‘Not two blokes talking about politics or sport. No, this is two blokes talking about heat pumps.
Most Britons have no intention of installing a heat pump. Given the cost of electricity in the UK, that’s not unreasonable. Ros Taylor looks at why it is so hard to tempt them away from gas boilers. Credits: Rawpixel, All rights reserved. ‘Not two blokes talking about politics or sport. No, this is two blokes talking about heat pumps.
One week after a catastrophic fire at the North Hyde electrical substation plunged the UKs flagship Heathrow Airport into chaos, questions are mounting about what went wrongand what the incident […] The post Heathrow Airport Transformer Fire Prompts Urgent Inquiry, Exposes Cracks in Grid Resilience appeared first on POWER Magazine.
The United States is pinning its hopes on reclaiming expenses incurred on Ukraine during its war with Russia by tapping Ukraines vast mineral potential including the development of rare earth element deposits. The problem with this deal is two-fold: one, the deposits in question are mostly within Russian-occupied territory; and two, rare earths are difficult to find lumped together in economic quantities, and even harder to separate into rare earth oxides, that are used in everything from cell p
AI data centers are increasingly being built in the Southeastern U.S. due to economic, infrastructural, and environmental factors that make the region attractive for such facilities. One key reason is the availability of affordable and reliable energy—i.e., natural gas (mostly from the Marcellus/Utica). The Southeast offers relatively low electricity costs compared to other parts of.
Turning the UK into an AI powerhouse implies a lot more energy consumption. However, a large number of data centres already exist, and power demand is lower than ten years ago. Digitalisation makes an economy less energy intensive rather than more. The post AI ambitions: Re-evaluating UK data centre power demand appeared first on Energy Voice.
Recognizing their desirable attributes and long-term potential to meet data center demands for power, several technology companies have announced their intention to team up with nuclear developers. At the same time, three companies with shuttered nuclear plants have notified the U.S. Nuclear Regulatory Commission of their plans to restart those facilities, which were closed for economic reasons.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 million barrels for the week ending March 21. Analysts had expected a dip of 2.5 million barrels. So far this year, crude oil inventories have climbed more than 16 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.2 million barrels again t
The city of New Albany, located in Franklin and Licking counties in Ohio, said it has been notified about plans for multiple natural gas power projects to be located within the Licking County portion of the New Albany International Business Park. The power plants (three of them identified so far) will provide power for nearby. The post Multiple Utica-Fired Power Plants Planned for New Albany, Ohio first appeared on Marcellus Drilling News.
News True Blue Blog Where energy conversations come to life. Hear lessons from top leaders in natural gas utilities on Learning from Leaders. This episode, Philadelphia Gas Works President and CEO Seth Shapiro shares how PGW delivers for their community, with both providing essential energy to critical operations like hospitals and schools, and in employee actions that go the extra mile to make sure customers know that the utility is here whenever they’re needed.
The increasing reliance on battery-powered devices plays a substantial role in the unfolding environmental crisis. With industries and consumers dependent on single-use and rechargeable batteries, the global waste problem continues to escalate. Lithium-ion batteries, while effective, contribute significantly to environmental degradation due to resource extraction, manufacturing emissions, and disposal challenges.
Europes gas storage levels this week reached an uncomfortably low level of some 34% full. Germanys alone has dropped to 29%. Yet LNG imports are about to pick up and, for a change, prices might not surgethanks to China. Earlier this month, Kpler data showed that Chinas imports of liquefied natural gas had slumped to the lowest level in five years. At 4.
The Public Service Commission of Wisconsin held hearings on Tuesday at the Oak Creek Community Center to listen to public comments on a proposed natural gas plant. Wisconsin Electric Gas Operations, doing business as We Energies, proposes to spend $1.2 billion at its Oak Creek Power Plant (Oak Creek is a suburb of Milwaukee) to.
Turning the UK into an AI powerhouse implies a lot more energy consumption. However, a large number of data centres already exist, and power demand is lower than ten years ago. Digitalisation makes an economy less energy intensive rather than more.
An Ohio town known as a hub for the burgeoning data center industry may soon have one or more new natural gas-fired power plants to support the area's need for energy. The post More Natural Gas-Fired Plants Planned to Support Ohio Data Centers appeared first on POWER Magazine.
British Oil & Gas giant BP Plc (NYSE:BP) has received final approval by the Iraqi government for the redevelopment of the giant Kirkuk oil fields, with an initial plan to produce 3B boe. BP will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed. BP will spend as much as $25B in a deal that will last more than 25 years.
From time to time, we like to check in on what the price of natural gas is doing, both the “futures” NYMEX price (front month) and the spot price at various points around the Marcellus/Utica. We’re certainly well off our highs over the past month from when the NYMEX price hit $4.49 on Monday, March.
Oil is flat but remains firm on the week. Today DEC announce a placing of $300m of new senior notes and from yesterday when UOG got an extension in Jamaica. The post Oil price, Diversified, United. and finally… appeared first on Malcy's Blog.
An Egypt-based construction group is partnering with a Spanish energy infrastructure company to build a 3-GW combined-cycle natural gas-fired power plant in Saudi Arabia. The post Egypt’s Orascom Joins Spanish Group to Build 3-GW Gas-Fired Plant in Saudi Arabia appeared first on POWER Magazine.
The United States and Ukraine have not agreed yet on any draft of a minerals deal, Ukrainian officials said on Friday amid reports that the U.S. pushes for an agreement to have all income from Ukraines mineral resources contributed to a joint fund. The U.S. has revised its original proposal, according to a summary of a draft seen by Reuters. The new proposal does not include security guarantees but includes a proposal to have all revenues from the Ukrainian mineral sources contributed to a joint
A one-in-a-million, freaky-deaky accident happened in Westmoreland County, PA, that caused a conventional natural gas well operated by Kriebel Natural Gas Co. to explode. On March 19, a truck was hauling a trailer down nearby Interstate 76 Eastbound. The wheel/rim set (with brake drum and tires still attached) disconnected from the trailer and went flying.
CALGARY, Alberta (March 26, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing a report on the surge in renewable power purchase agreements (PPAs) taking place since 2020. Driven by tax incentives and growing demand from tech companies, PPAs have intensified market competition in a short amount of time.
Oil was flat yesterday but has rallied around 50 cents this morning. Today full year numbers from Pharos beat the whisper and the outlook is most exciting. And Reabold have tidied up Colle Santo which seems sensible. The post Flash blog: Pharos, Reabold. appeared first on Malcy's Blog.
India moved on Thursday to deny entry to a Tanzanian-flagged tanker carrying Russian crude, signaling that New Delhi is ramping up scrutiny of vessels transporting oil from Russia, Reuters reported exclusively. The vessel, Andaman Skies, was en route to the Vadinar Port to deliver 100,000 metric tons (roughly 800,000 barrels) of Varandey crude oil sold by Russias Lukoil.
EQT Corp. remains committed to its low-carbon aviation fuel (LCAF) project and the Appalachian Regional Clean Hydrogen Hub (ARCH2) even though federal funding for ARCH2 and other hydrogen hub projects around the country is now in question. EQT CEO Toby Rice told the Pittsburgh Business Times that his company continues to evaluate building a clean. The post EQT Still Committed to ARCH2 Hub Despite Tax Credits, Funding Freeze first appeared on Marcellus Drilling News.
(World Oil) – Reconnaissance Energy Africa Ltd. continues to pursue activities relating to the drilling of Prospect I. To date, initial surveying activity has been completed, with debushing activities ongoing and demining activities set to be undertaken in the coming weeks. As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. “We have made great progress in getting Prospect I ready to drill and, as a result, we are accelerating the
Oil was up again modestly yesterday as the realism of the sanctions on Iran dawned on the market and even Opec+ chipped in with a cry of 'don't worry we can increase in May'.and Southern has tweaked the price of its current raise. The post Flash blog:Southern Energy Corp. appeared first on Malcy's Blog.
In a mere six years, one of South Americas poorest nations, Guyana, has emerged as the worlds newest petrostate. There is speculation that the tiny country of less than one million is on track to become the continents second-largest oil producer. Even neighboring Venezuelas President Maduros never-ending saber rattling over the Essequibo is not distracting the national government, in the capital Georgetown, from promoting the worlds fastest-growing oil boom.
On Monday, the U.S. District Court for the Western District of Virginia (Roanoke Division) ruled in two of five cases before it in which Mountain Valley Pipeline (MVP), which is now majority-owned by EQT Corporation, sued radical protesters who blocked the construction of the pipeline in Roanoke County, Virginia. The court dismissed one count in.
Mohed Altrad (left), French entrepreneur and founder of multinational services and equipment firm Altrad Group, with Gaurav Sharma, Energy Analyst, Oilholics Synonymous, at Altrad Sparrows training centre in Tyrebagger, Scotland, UK. Earlier this month, the Oilholic headed some 550 miles north from London to Tyrebagger Hill, on the outskirts of the UK's energy capital Aberdeen, for a very special meeting with an extraordinary entrepreneur - none other than Scaffolding King Mohed Altrad.
Oil was up last week and with geopolitics as they are supply and demand is quite tight. Today very good news from Rockhopper where Navitas release a good, solid CPR and indicate that FID will likely be this year. The post Flash blog:Rockhopper. appeared first on Malcy's Blog.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 1 rig gain in the prior week. The total rig count in the US fell by 1 to 592 rigs, according to Baker Hughes, down 29 from this same time last year. The number of oil rigs slipped by 2 to 484down by 22 compared to this time last year.
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