OilPrice
JUNE 6, 2025
Venezuela hasn’t waited long to replace Western service providers in its oil industry after the U.S. sanctions, and has signed at least nine agreements with foreign firms, including from China, sources with knowledge of the deals told Bloomberg. Under the U.S. sanctions, Western oil producers were given time until May to wrap up their operations in Venezuela, home to the world’s biggest crude oil reserves.
Marcellus Drilling News
JUNE 6, 2025
The Republicans in Congress have not wasted any time in addressing the ongoing tragedy of states (and municipalities) banning fracking or the right to choose which energy source (like natural gas) to use. We happened to spot details about two new bills just introduced in Congress, one by New York Rep. Claudia Tenney, which targets.
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POWER Magazine
JUNE 3, 2025
Technology group Meta, the parent of Facebook and Instagram, has signed a 20-year power purchase agreement with Constellation Energy to take about 1.1 GW of electricity from Constellation's Clinton Clean Energy Center in Illinois. Meta and Constellation on June 3 said the contract means the power plant will continue to operate beyond its expected closure in 2027.
Oil & Gas 360º
JUNE 5, 2025
(Oil Price) – Energy investments this year are set to hit $3.3 trillion on the back of a strong increase in spending on things such as wind and solar, the International Energy Agency has forecast. In its latest World Energy Investment report, the agency also said that China will cement its position as the top energy investor globally this year.
OilPrice
JUNE 6, 2025
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 3-rig decrease last week, and a 10-rig decrease the week before that. The total rig count in the US fell by 4 to 559 rigs, according to Baker Hughes, down 35 from this same time last year.
Marcellus Drilling News
JUNE 6, 2025
For the week of May 26 – Jun 1, the number of permits issued to drill new wells in the Marcellus/Utica increased significantly from the previous week. There were 35 new permits issued across the three M-U states last week, up 11 from 24 two weeks ago. A whopping 27 new permits were issued in.
POWER Magazine
JUNE 3, 2025
National Grid in the UK has begun construction of a new Uxbridge Moor substation complex in Buckinghamshire, a project designed to connect more than one dozen new data centers to the electricity provider's network. The post UK’s National Grid Investing Billions for Substation Site to Power Data Centers appeared first on POWER Magazine.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
JUNE 6, 2025
The U.S. Treasury Department has unleashed a sweeping wave of sanctions targeting a sprawling network of companies and individuals accused of facilitating Iranian oil and petrochemical exports in violation of existing sanctions. The action, announced Friday, strikes at the financial and logistical infrastructure underpinning Iran’s shadow energy trade—particularly its crude exports to Asia.
American Gas Association
JUNE 6, 2025
News True Blue Blog A PG&E-supported program is serving as a model to help young people gain financial literacy Where energy conversations come to life. In British Columbia, FortisBC is teaming up to push the boundaries of hydrogen research. The utility has committed $500,000 in research funding, complemented by $2.3 million from the University of British Columbia Okanagan and $800,000 from the Natural Sciences and Engineering Research Council of Canada, to help launch H2LAB, which will expl
POWER Magazine
JUNE 5, 2025
The Southwest Power Pool (SPP) regional transmission organization (RTO) is joining with energy technology company Hitachi on development of what the groups say is an artificial intelligence (AI)-based solution to support power transmission reliability and flexibility challenges. The post Hitachi, Southwest Power Pool Join to Develop AI-Based Grid Solution appeared first on POWER Magazine.
Enverus
JUNE 6, 2025
The first quarter of 2025 has seen a remarkable surge in oil and gas mergers and acquisitions (M&A) within the upstream oil and gas sector, with transactions totaling $17 billion. This dynamic environment presents both challenges and opportunities for small to mid-sized operators. Read below to understand these trends and strategically position yourself to capitalize on this evolving market.
OilPrice
JUNE 6, 2025
Light crude oil futures rallied this week, closing Thursday at $63.37 per barrel—up approximately 4.2%—as the market digested a cocktail of bullish catalysts. Traders responded to unplanned supply disruptions in Canada, measured output policies from OPEC+, and escalating geopolitical tensions, while contending with uncertain demand signals and trade-related optimism.
American Gas Association
JUNE 5, 2025
News True Blue Blog A PG&E-supported program is serving as a model to help young people gain financial literacy Where energy conversations come to life. On World Environment Day, people across the globe take time to reflect on the ways that we can help safeguard our environment for future generations. The energy sector plays a critical role in the future of reducing emissions, while also providing the essential energy customers and communities need.
POWER Magazine
JUNE 4, 2025
The Department of Energys (DOEs) abrupt termination of 24 previously awarded projectsincluding four prominent power-related carbon capture projects will rescind $3.7 billion in financial assistance from its Office of Clean […] The post DOE Scraps $3.7B in OCED Projects, Upending Carbon Capture Progress at Power Plants appeared first on POWER Magazine.
Enverus
JUNE 6, 2025
The following blog is distilled from Enverus Intelligence® Research (EIR) publications. As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ AI has been thrown into this mix and is already proving to be a transformative force that’s reshaping how operators evaluate acreage, plan development and optimize production.
OilPrice
JUNE 6, 2025
ICE Brent is poised to close the week above $66 as trade optimism lifts sentiment, while stubborn geopolitical tensions and shifting wildfire risks keep supply concerns alive. June 6th, 2025 ICE Brent futures are set to close this week above $66 per barrel, a more than 3% weekly gain after markets were buoyed by the prospect of US-China trade talks all the while derailed US-Iran and Russia-Ukraine negotiations have kept geopolitical risk premia intact.
EnergyTrend
JUNE 3, 2025
Riyu Photovoltaic Plans Hong Kong IPO, Focusing on PV Silver Paste Manufacturing OnMay29,theofficialwebsiteoftheHongKongStockExchangeshowedthatJiangsuRiyuPhotovoltaicNewMaterialsCo.,Ltd.hadsubmitteditslistingapplication.BasedinWuxi.
POWER Magazine
JUNE 4, 2025
The current state of play for tariffs is creating headwinds and challenges, along with complexity and uncertainty, for global economies and certainly the renewable energy industry. While the renewable energy sector is no stranger to tariffs and the challenge they present, knowing the current status of such tariffs is the first step to developing mechanisms for dealing with them in a way that can give your project the best chance at success.
Cisco: Oil & Gas
JUNE 4, 2025
At Cisco, were building the critical infrastructure for the AI era. And the shift from generative to agentic AI is making our work even more important and timely. Well be sharing more at Cisco Live on how we're helping to put our customers at the forefront of AI innovation.
OilPrice
JUNE 6, 2025
Wary of the ‘Hockey Stick’, Oil Traders Hedge Their 2025 Exposure - Open interest in WTI calendar spread options - contracts that see market participants bid on the future value of crude oil futures across different delivery months – has reached an all-time high as traders expect this year’s assumed oversupply to only materialize in 2026. - The prompt spread between July and August was trading around $0.90 per barrel for most of this week, whilst the difference between December 2025 and December
EnergyTrend
JUNE 6, 2025
U.S. Solar Giant Sunnova Announces 55% Layoff: Financial Bubble, Policy Pullback, and Industry Winter OnJune5,2025,U.S.residentialsolargiantSunnovaannounceditwouldlayoff55%ofitsworkforce(around718employees)inadrasticefforttorescueitsdebt-riddenoperatio.
POWER Magazine
JUNE 6, 2025
As threats to power companies rise—from cyberattacks to theft and vandalism—many utilities are rethinking how to secure facilities and critical infrastructure. Outdated systems that constantly trigger false alarms from wind, […] The post Meet the Tools Helping Power Companies Separate Threats from Noise appeared first on POWER Magazine.
Marcellus Drilling News
JUNE 6, 2025
Two days ago, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for January through March 2025 (full copy below). There were 93 new horizontal wells spud (drilled) in 1Q25, a decrease of 7 wells (-7%) compared to 1Q24. However, 1Q’s spud number increased by 9 (11%) from the 84.
OilPrice
JUNE 6, 2025
HSBC’s forecast that Brent Crude prices would remain around $65 per barrel later this year could be too optimistic as OPEC+ continues to raise production, which will result in a bigger-than-expected surplus after the summer ends. “Our new scenario assumes regular hikes from October to December and leaves the 2.2mbd of voluntary cuts fully unwound by the end of 2025,” the bank said in a note on Friday carried by Reuters.
Energy Transition
JUNE 3, 2025
After years of setbacks, the UK is finally pushing ahead with two carbon capture and storage projects. While there is scepticism about the technology, says Ros Taylor, its supporters argue the cost is justified if the UK means to reach net zero. UK Prime Minister Keir Starmer visits the carbon capture and storage facility at the Encirc Glass plant. Credits: Number 10 | Flickr, Public domain.
POWER Magazine
JUNE 3, 2025
Perovskite solar cells are a high-efficiency, low-cost alternative to traditional silicon-based solar panels. With the perovskite solar cell industry expected to reach $1.2 billion by 2033, theres enormous potential for […] The post Perovskite Solar Cells: What They Are and Why They Matter appeared first on POWER Magazine.
Oil & Gas 360º
JUNE 6, 2025
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 4 over last week, resulting in a total count of 559 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 114 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford and the Haynesville region experienced an increase this week.
OilPrice
JUNE 6, 2025
Artificial intelligence is all over the media—and so is its energy consumption, which is spurring something of a new tech race. That race, however, besides innovation, includes some simpler moves, such as a return to a kind of power generator that had been consigned to history. Single-cycle gas turbines used to be popular before combined-cycle technology emerged.
Marcellus Drilling News
JUNE 3, 2025
Pennsylvania Governor Josh Shapiro is a typical liberal Democrat politician. He pretends to be moderate and a supporter of the Marcellus industry in the Keystone State. He is neither. Shapiro claims his proposed energy programs will cut costs for Pennsylvanians. The reverse is true. But were not just making blanket, unprovable assertions or opinions about.
POWER Magazine
JUNE 4, 2025
The Federal Energy Regulatory Commission (FERC) on May 13 of this year issued an order addressing the formula rate filings and requests for transmission rate incentives for the Valley Link […] The post Analysis: FERC Denies Hypothetical Capital Structure Incentive for Valley Link Transmission Project appeared first on POWER Magazine.
Oil & Gas 360º
JUNE 6, 2025
Publisher’s Note: Vermilion Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. (World Oil) – Vermilion Energy Inc. has entered into a definitive agreement for the sale of its U.S. assets for cash proceeds of ~$88 million ($120 million CAD).
OilPrice
JUNE 6, 2025
Uzbekistan’s interest in connectivity with Afghanistan is driven by economic opportunity, energy cooperation, security needs, and geopolitical strategy - factors that will help Uzbekistan access new markets and stabilize the region. Ambassador Javlon Vakhabov of the International Institute for Central Asia in Tashkent, Uzbekistan, calls it “Stability Through Connectivity.
BOE Report
JUNE 5, 2025
Irving Oil said on Thursday it plans to invest $100 million to upgrade a key crude oil processing unit at its 320,000 barrel-per-day Saint John facility in New Brunswick, Canada’s largest refinery.
POWER Magazine
JUNE 2, 2025
I have spent years in law firms and in-house legal departments counseling clients in the energy sector with respect to their contracts and the related process they utilize in papering […] The post Papering Energy: Do Your Contracts Have the Right Power? appeared first on POWER Magazine.
Oil & Gas 360º
JUNE 5, 2025
(Oil & Gas 360) – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) ( “CanCambria” or the “Company” ) is pleased to announce that its common shares commenced trading today on the OTCQB Venture Market (“OTCQB”) under the symbol “CCEYF”. The Company’s common shares continue to trade on the TSX Venture Exchange in Canada under the symbol “CCEC”.
OilPrice
JUNE 2, 2025
In a market increasingly governed by geopolitical tremors and macroeconomic mismatches, crude oil dipping below $65 per barrel seems like a gift to global consumers. But behind that price tag lies a slow-moving crisis for U.S. shale producers, many of whom are being forced to pull back on production, delay capital projects, and recalculate what sustainability means in a low-margin world.
Marcellus Drilling News
JUNE 2, 2025
In February, MDN brought you the rumor that Canadian pension fund CPP Investments, the majority owner of Encino Acquisition Partners (aka Encino Energy), was considering either a sale of the company or possibly an initial public offering (see Shocker: Encino Energy Considers Sale or Possible IPO for $7B). The rumor was right. On Friday, EOG.
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