Sat.Jul 05, 2025 - Fri.Jul 11, 2025

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Solar Surge Sends French Power Prices Negative

OilPrice

France’s solar power generation hit a new record this week, sending intraday electricity prices into negative territory for several hours—a stark reminder of the volatility created by rapid swings in renewable output. At 2 p.m. Thursday, French solar output surged to 19.5 gigawatts, meeting nearly 40% of national demand, according to grid operator RTE.

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Recurrent Energy Brings Major Arizona Energy Storage Project Online

POWER Magazine

Recurrent Energy, a subsidiary of Canadian Solar, and a global developer, owner, and operator of solar and energy storage assets, on July 7 announced that the 1,200-MWh Papago Storage facility in Maricopa County, Arizona, has reached commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), the state’s largest electric utility, […] The post Recurrent Energy Brings Major Arizona Energy Storage Project Online appeared first on POWER Magazine.

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Top 8 Takeaways Every Trader Should Know From EVOLVE 2025

Enverus

EVOLVE 2025 brought together leading voices across energy trading, analytics and clean fuels to unpack today’s most pressing market dynamics. From evolving benchmarks to retail analytics, one thing rang loud and clear: adaptation isn’t optional, it’s strategic. We attended four of the most impactful sessions and distilled the must-know insights for traders navigating a market shaped by geopolitical shocks, credit risk, benchmark shifts and clean energy disruption.

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Iberdrola y Masdar construirán el segundo parque eólico marino más grande del mundo

Oil & Gas Magazine

Iberdrola y Masdar invertirán 5,200 MDE para construir el parque eólico marino East Anglia THREE, el cual será uno de los dos más grandes del mundo en cuanto entre en operación el cuarto trimestre de 2026 La empresa energética, Iberdrola y el grupo de renovables de Abu Dhabi, Masdar , han acordado invertir juntos 5 mil 200 millones de euros (más de 6 mil mdd) en el parque eólico marino East Anglia THREE , el cual tendrá con una capacidad de 1.400 MW , y proporcionará energía limpia a 1.3 millone

E&A
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Renewables Surge Though Geopolitical Shifts Threaten Progress

OilPrice

Despite high-profile pushbacks against renewable energy and a rapidly changing policy environment, the global clean energy transition has picked up speed over the last year. While the last few years have seen slow and stuttering progress toward decarbonization goals, countries around the world are finally gaining momentum in building up cleaner and greener energy grids as 2030 benchmarks loom just around the corner.

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Where Is Natural Gas Found? Global Reserves and Local Sources

True Natural Gas

Natural gas is one of the world’s most important energy resources—cleaner-burning than coal and oil, and a reliable source of heat, electricity, and industrial power. But where does it actually come from? Let’s explore where natural gas is found, both on a global scale and right here in the U.S. Global Reserves: The Big Picture Natural gas is formed deep beneath the earth’s surface over millions of years, as organic material is exposed to heat and pressure.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Skip to main content The Iberian green industrial opportunity: Carbon capture and storage July 10, 2025 | Article Carbon capture and storage could play a critical role in decarbonizing hard-to-abate industries in the Iberian Peninsula. As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. Renewable energy sources are rapidly expanding and driving the decarbonization effort, yet certain industries, particularly those with hard-to-abate (HtA) emi

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Pipeline Disruption Slashes Ecuador Output by 133,000 bpd

OilPrice

Ecuador’s state oil company, Petroecuador, has declared force majeure on its operations after both major crude pipelines, SOTE and OCP, halted flows due to worsening erosion in the Amazonian province of Napo. The company suspended activities this week to prevent further damage to critical infrastructure as erosion along the Coca River continues to threaten oil transport lines and the Coca Codo Sinclair hydroelectric plant, Ecuador’s largest.

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DQOC Boosts Production with Integrated Development Plan

Iraq Business News: Oil & Gas

By John Lee. The Dhi Qar Oil Company (DQOC) has launched a comprehensive production plan to develop three key oil fields in Iraq's Dhi Qar province: Nasiriyah , Saba [Subba], and Garraf [Gharraf]. General Manager Sa'id Zgair Shalaka told the state-run Iraqi News Agency (INA) that the company has increased output from the Nasiriyah and Subba fields - both operated by national effort - with seven new wells added at Nasiriyah, raising production from 52,000 to 70,000 barrels per day (bpd).

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Gastech 2025 Technical & Commercial Conference to Accelerate Global Growth and Decarbonisation Through Energy Innovation

Offshore Engineer

• Across six dynamic programmes and 70 engaging sessions, 300 expert speakers will deliver actionable insights and pioneering research on the industry’s latest innovations…

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Offshore Energies UK urges more action to reach government Clean Power 2030 target

Offshore Energies UK

Offshore Energies UK (OEUK) has today proposed key reforms to accelerate offshore wind generation following the government’s publication of its Review of Electricity Market Arrangements (REMA). OEUK says the decision to take a national approach to pricing will encourage more wind energy investment to help the government hit its Clean Power 2030 targets and boost growth in the critical offshore energy supply chain.

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IEA Head: The World Must Prepare to Address Energy Security Threats

OilPrice

Governments and policy makers must better anticipate and prepare for energy crises before they happen, drawing from past experience and increasing diversification of supply, predictability in policy, and international cooperation, Fatih Birol, Executive Director at the International Energy Agency (IEA), said on Thursday. Many tools to tackle energy security today have been developed after crises have hit in the past.

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OPEC+ members agree to larger-than-expected oil production hike in August

CNBC: Energy

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Oil
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Baltic Eagle Offshore Wind Farm Comes Online in Germany

Offshore Engineer

The Baltic Eagle offshore wind farm in Germany has been fully completed and energized, the joint venture partners Abu Dhabi Future Energy Company (Masdar) and Iberdrola have announced…

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Strathcona Closes Montney Assets Sale, Becomes Pure-Play Heavy Oil Firm

Rigzone

Strathcona said it is now a pure-play heavy oil company producing approximately 120 million barrels per day (MMbpd) with a 50-year 2P reserve life index.

Oil
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OPEC Says Global Oil Consumption Will Hit 123 Million bpd by 2050

OilPrice

“There is no peak oil demand on the horizon,” OPEC Secretary General Haitham Al Ghais wrote in the foreword of OPEC’s latest World Oil Outlook (WOO), which sees global oil demand growing by about 19% from now until 2050 to reach 123 million barrels per day (bpd). In view of slowing Chinese demand growth, OPEC revised down its oil demand growth forecasts for all years between 2025 and 2029.

Oil
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Slim apuesta por Ixachi

Oil & Gas Magazine

Grupo Carso invertirá 5,000 millones de dólares en el campo Ixachi. Pemex impulsa contratos mixtos para atraer capital privado y compartir riesgos operativos. Pemex ha dado luz verde a una nueva estrategia de inversión denominada Contratos de Desarrollo Mixto , con la que busca atraer capital privado sin ceder control estatal. De acuerdo con una presentación interna de la petrolera obtenida por Proceso , estos contratos permitirán que empresas privadas participen directamente en el desarrollo y

Gas
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Masdar, Iberdrola to Co-Invest $6B in East Anglia THREE Offshore Wind Farm

Offshore Engineer

Abu Dhabi Future Energy Company (Masdar) and Iberdrola have agreed to co-invest $6.08 billion in the 1.4 GW East Anglia THREE offshore wind farm in the U.K.

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Inside Canada’s $60B Clean Energy Push: From Wind Power to LNG Exports

Rextag

Fact: Canada is on track to avoid 181 megatonnes of GHG emissions by 2050 while adding 400,000 clean energy jobs. Canada’s journey to a net-zero economy by 2050 is more than rhetoric—it's a multi-billion-dollar transformation powered by policy, incentives, and industry execution. The Federal Clean Electricity Regulations (CER), finalized in December 2024, establish annual emissions limits for fossil fuel power plants, effectively phasing out coal and gas over three decades.

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China Cements Leadership in Wind and Solar

OilPrice

China accounts for as much as 74% of all wind and solar projects currently under construction, Global Energy Monitor said in a new report, as cited by the Financial Times. The country that is already home to the most sizable wind and solar generation capacity in the world, is in the process of building 510 GW more in utility-scale solar and wind capacity, the climate NGO said.

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OEUK: Electricity market reform can be a stepping stone to the UK’s energy future 

Offshore Energies UK

Leading trade body Offshore Energies UK today responds to the government’s publication of its Review of Electricity Market Arrangements (REMA). OEUK says the reforms announced – including the decision to commit to national pricing – bring stability that can help renew investor confidence and build a nationwide network secured by a diverse mix of domestic energy from oil, gas and offshore wind and emerging sources such as hydrogen.

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Improving Gas Separation Efficiency with Advanced Filter Separators

Pro-Gas Services

In natural gas processing, the purity of the gas stream isn’t just a preference — it’s a fundamental requirement. Before natural gas can embark on its journey through pipelines and into homes and industries, it must be meticulously stripped of impurities, particularly liquids and solids. This critical initial step, gas separation, lays the foundation for efficient and safe downstream operations.

Gas
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Securing the Power Grid: Cybersecurity Strategies for Smart Energy Systems

POWER Magazine

As the backbone of modern energy systems, smart grids and digital substations promise efficiency and sustainability—but they also open the door to escalating cyberthreats. This article dives into a layered cybersecurity strategy that blends integrated vulnerability assessments, robust protocols, and defense-in-depth tactics. Packed with practical insights and a look at breakthrough technologies, it empowers utilities […] The post Securing the Power Grid: Cybersecurity Strategies for Smart

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OPEC: The World Will Need an Extra 19.5 Million Bpd Refining Capacity by 2050

OilPrice

The world will need as much as 19.5 million barrels per day (bpd) of new refining capacity by 2050 to meet rising global oil demand, OPEC said in its 2025 World Oil Outlook (WOO) with forecasts through the middle of the century. Overall, OPEC expects global oil demand to continue rising by 2050, with global oil demand projected to increase by more than 19 million bpd between 2024 and 2050, reaching nearly 123 million bpd.

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Crondall Energy Selected for Innovation Exchange Challenge on Anchor Monitoring

Offshore Energies UK

Crondall Energy’s SafeMoor technology has been selected as the winning solution for the Innovation Exchange Challenge on anchor monitoring, run by Offshore Renewable Energy (ORE) Catapult and Flotation Energy, with support from Innovate UK. “Crondall Energy’s SafeMoor solution is an exciting and innovative response to one of floating offshore wind’s critical challenges.

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UK Bags $10B Japanese Investment for Offshore Wind and Hydrogen Projects

Offshore Engineer

The U.K. government has unlocked $10.

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U.S. power utilities seek price hikes on AI demand

Oil & Gas 360º

(Oil Price) – Power utilities in the United States have applied for permission to raise electricity prices, with a demand surge from AI data centers suggested as the reason, the Financial Times reported today, citing data from PowerLines, an energy affordability advocacy. In the first half of this year, U.S. power utilities applied for price hikes of a total $29 billion, the FT said, adding this represented a 142% increase on the first half of 2024.

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Oil and Gas Consolidation Reshapes African Market

OilPrice

Africa’s upstream oil and gas sector is undergoing a transformative shift. In recent years, majors have scaled back their exposure to mature, non-core assets across the continent, opening the door for a new wave of regional independents, traders, and non-African national oil companies (NOCs) to step in as consolidators and value creators. Angola and Nigeria have been the epicenters of this consolidation wave.

Gas
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OPEC: No Peak Oil Demand. Global Oil Demand to Grow by 19.2 mb/d to 123 mb/d by 2050

Energy Outlook Advisors

OPEC released its 2025 World Oil Outlook 2050 yesterday at the OPEC Seminar 2025. The Outlook covers all energy industry segments, but here we focus solely on oil demand and supply. OPEC Global Oil Demand to Grow by 19.2 mb/d by 2050 Subscribe now Summary OPEC launched its World Oil Outlook 2050 yesterday during the OPEC Seminar 2025. Figure 1 is the most critical chart in the Outlook for the oil market.

Oil
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Iberdrola Picks Up $4.9B to Finance 1.4GW UK Offshore Wind Farm

Offshore Engineer

Iberdrola has signed green financing agreement with 24 banks for the East Anglia THREE offshore wind farm, being developed together with Abu Dhabi Future Energy Company (Masdar)…

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Mach Natural Resources LP Announces Transformative Acquisitions in the Permian Basin and San Juan Basin

Oil & Gas 360º

(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend. OKLAHOMA CITY–(BUSINESS WIRE)– Mach Natural Resources LP (NYSE: MNR) (“Mach” or the “Company”) today announced it has entered into two separate definitive agreements: one to acquire certain oil and gas assets from Sabinal Energy, LLC (“Sabinal”), and another to acqu

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U.S. Department of Energy Warns Risk of Blackouts Is Rising

OilPrice

The U.S. Department of Energy has warned that blackouts could increase substantially in the coming years unless more baseload capacity is added to the grid. The department issued its warning in a report that said the premature retirement of generation capacity and the delay in replacing that capacity with new baseload facilities had created a mismatch between demand and supply.

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Daily Energy Report

Daily Energy Report

July 11, 2025 Chart of the Day OPEC: Global Oil Demand to Grow by 19.2 mb/d by 2050 Subscribe now Summary OPEC launched its World Oil Outlook 2050 yesterday during the OPEC Seminar 2025. Figure 1 is the most critical chart in the Outlook for the oil market. OPEC predicts global oil demand will rise by 9.6 mb/d to 113.3 mb/d by 2030 and by 19.2 mb/d to 123 mb/d by 2050.

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Petronas ships its first LNG cargo to Japan from its new facility in Canada

BOE Report

Malaysia’s state energy firm Petronas on Monday said it has successfully shipped its first liquefied natural gas (LNG) cargo to Japan from its newly operational LNG facility in Kitimat, Canada. Petronas has a 25% stake in the Kitimat LNG plant in British Columbia on Canada’s west coast.

IT
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Empire Energy, Ellevo Set Up Joint Offshore Wind Lifting and Transport Unit

Offshore Engineer

Empire Energy and Ellevo Group have launched a strategic joint venture for offshore wind lifting and transport consultancy services to meet the evolving demands…

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India Launches Largest-Ever Offshore Exploration Tender

OilPrice

India is looking to strengthen its domestic oil and gas exploration and supply with the biggest-ever acreage up for grabs under the Open Acreage Licensing Programme (OALP) Round X. “The focus is clearly on further enhancing and strengthening domestic E&P efforts,” Minister of Petroleum and Natural Gas, Hardeep Singh Puri, posted on X while visiting an offshore industry event in Bergen, Norway.

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1.5 GW Mona Wind Farm in Irish Sea Gets Government Approval

Rigzone

The UK energy secretary greenlighted BP and EnBW's Mona project, which the government says is the biggest wind farm in the Irish Sea with a maximum grid connection potential of 1.5 GW.