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Global research and consultancy group Wood Mackenzie has predicted that the global Carbon Capture, Utilisation and Storage (CCUS) market will surge 28-fold by 2050 to 2,061 million tonnes per annum, surpassing trillions of dollars in value. According to WoodMac, countries across the globe led by U.S., Canada and Europe have committed $80 billion for CCUS so far, with just 50 CCUS projects with a capacity to store 51 million tonnes of CO2 per year currently operational.
A new report shows that over 113,000 sheep are now grazing under solar panels—highlighting the rapid growth of dual-use land for farming and clean energy. 113,000 Sheep, 129,000 Acres: Solar Grazing Is No Longer Niche The first-ever U.S. Solar Grazing Census, conducted by the National Renewable Energy Laboratory (NREL) in collaboration with the American Solar Grazing Association (ASGA), reveals a sweeping surge in agrivoltaic practices across the country.
Chile is rapidly moving to build more power generation capacity, with much of that effort focused on renewable energy resources and battery energy storage systems (BESS). The country as part of that ambition The post Chile Focuses on Solar and Storage as Generation Capacity Expands appeared first on POWER Magazine.
In the dynamic and demanding world of natural gas processing, the pursuit of efficiency is relentless. For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness. The answer often lies not in overly complex, capital-intensive machinery, but in the elegant application of fundamental thermodynamic principles.
Britain’s energy regulator, Ofgem, has given the provisional green light to an investment program of $33 billion (£24 billion) to maintain essential gas distribution networks and expand the power grid in a move to boost energy security and allow more renewables to enter the electricity system. A total of $20.
(BOE Report) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. Total imports of the super-chilled fuel were 208.62 million metric tons in the first six months of this year, up 1.7% from the 205.11 million for the same period in 2024, according to data compiled by commodity analysts Kpler.
DNV, the global independent energy expert and assurance provider, is advancing Skylark, a joint industry project to enhance the understanding of carbon dioxide (CO₂) pipeline operations and facilitate CCS expansion The three-year project aligns with DNV’s Energy Transition Outlook 2024 report, which forecasts that CO₂ pipelines will need to grow from 9,500 km today to over 200,000 km by 2050 to support industrial decarbonisation.
Energy solutions business OEG has signed a significant multi-million-dollar contract to support the construction phase of the Inch Cape offshore wind farm in Scotland…
Energy solutions business OEG has signed a significant multi-million-dollar contract to support the construction phase of the Inch Cape offshore wind farm in Scotland…
The UK government is launching its first onshore wind strategy, aiming to deliver up to 29 gigawatts (GW) of onshore wind power by the end of the decade. In the newly minted Onshore Wind Taskforce Strategy, the UK has set out more than 40 steps government and industry will take to help deliver the goal. That includes driving ambitious reforms to planning, grid connections, and routes to market, while building the supply chains and skilled workforce the UK needs.
In what was described as “a significant decision for Texas property and energy law,” Texas Supreme Court affirmed a lower court ruling that produced water belongs to the mineral estate unless expressly conveyed to the surface estate owner. The opinion in Cactus Water Services v. COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.
Nuclear microreactors developed separately by Westinghouse and Radiant are poised to become the first fueled designs tested at the Demonstration of Microreactor Experiments (DOME) facility—the world’s first dedicated microreactor test bed slated to open at Idaho National Laboratory (INL) in early 2026. The first fueled experiment is expected to begin as early as spring 2026. […] The post Westinghouse, Radiant Selected for First Fueled Nuclear Microreactor Tests at INL’s DOME Facility appea
(World Oil) – ADNOC Drilling has secured a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs, the UAE-based company announced Monday. The five-year agreement is set to commence in 3Q 2025, marking another significant milestone in ADNOC Drilling’s evolution as a fully integrated technology-enabled energy services company.
Oil production from Canada’s oil heartland, Alberta, slumped to a two-year low in May as wildfires in the province and maintenance on some oil sands operations dragged oil output to a two-year low. Alberta produced on average 3.61 million barrels per day (bpd) of crude oil in May, according to provincial data cited by Bloomberg. Output plunged by 397,000 bpd from April, and stood at the lowest level since May 202 Production at oil sands projects plummeted by 384,000 bpd, to the lowest level seen
A recent Cybernews analysis found that more than 94 percent of the world’s top 400 oil and gas companies have suffered at least one data breach to date. Cybernews also discovered that, over a recent 30-day period, more than 50 percent of the analyzed oil and gas firms were breached. Moreover, according to the Cybernews Business Digital Index , which grades businesses based on their online security measures, 69 percent of the companies received a cybersecurity score of D or F, and only 10 per
LNG Canada has loaded the first cargo of liquefied natural gas that is now destined for global markets, marking the start of operations at Canada’s first large-scale LNG export facility…
A global energy infrastructure management group said one of its solar-plus-storage projects in the UK is now online. Quinbrook Infrastructure Partners on July 1 said the 373-MW Cleve Hill Solar Park has started commercial operation, and represents the largest solar power and energy storage installation built to date in the UK. Quinbrook on Tuesday said […] The post UK’s Largest Solar Park Enters Commercial Operation appeared first on POWER Magazine.
Rising demand for natural gas in the United States and a supportive administration are prompting U.S. natural gas producers and pipeline giants to begin to actively consider proposing new pipelines to bring more gas supply from America’s top gas-producing region, Appalachia, to consumers. “We are actively evaluating opportunities to expand infrastructure,” Amy Rogers, a spokeswoman for one of the top U.S. natural gas producers, EQT, told Reuters.
BCCK has signed an agreement with ZAP Engineering and Construction Services Inc. to deliver a 45 MMSCFD NiTech Dual Tower Nitrogen Rejection Unit (NRU) and oil removal system. The new cryo facility will commence operations in Q1 of 2027. This contract marks a significant collaboration between BCCK and ZAP Engineering, the project’s engineering, procurement and construction (EPC) firm.
Energy industry services firm EnerMech has secured a multi-year contract from Dana Petroleum for the provision of offshore shutdown support services for the Triton floating production…
Rising demand for natural gas and favorable policy support are driving major U.S. producers and pipeline operators to revisit plans for new infrastructure in Appalachia—the country’s most productive gas region.
Oil and gas activity in the U.S. Eleventh District slipped into contraction in the second quarter of 2025, according to the Dallas Fed Energy Survey released Wednesday, with firms citing falling production, deteriorating service margins, and deepening uncertainty. The survey’s headline business activity index dropped from 3.8 in Q1 to -8.1, marking a return to negative territory.
Lloyd's Register (LR) has signed an agreement with German developer DAI Infrastruktur GmbH (DAI) to provide advisory services for Project Ra, a large-scale green ammonia production and bunkering development at East Port Said, Egypt Project Ra is expected to have a production capacity of up to two million tonnes of green ammonia annually (mtpa), with 1.65mn tonnes produced from renewable energy sources, with production scheduled to start in 2029.
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, held talks in Baghdad on Wednesday with Russian Ambassador Elbrus Kutrashev and a delegation from Russian energy giant Lukoil. The meeting focused on strengthening cooperation between Iraq and Russia in the oil, gas, and energy sectors. Also in attendance were Bassem Mohammed Khudair, Undersecretary for Extraction Affairs, and Bassem Tahir, Director General of the Petroleum Contracts and Licensing Directorate (PCLD) at the Ministry of Oil.
The UK’s energy regulator has approved a £24bn investment to upgrade the UK’s energy infrastructure as a part of its green transition. The Office of Gas and Electricity Markets (Ofgem) move comes as the government renews its push for cleaner energy, despite backlash around the impact on prices. Over £15bn is set to be deployed into the UK’s gas transmissions and distribution systems to ensure a “safe and secure” supply of gas to households and businesses.
As aging infrastructure meets rising demand, hydro plants are embracing modern control systems to unlock data, streamline operations, and power a more resilient, connected future. Hydro generation has been a The post Flow State: The Connected Future of Hydropower Generation appeared first on POWER Magazine.
The Methane Finance Working Group released guidance to 'deliver and deploy market-tested finance mechanisms that facilitate decarbonization across the oil and gas sector'.
In late June the Energy Institute (EI) released the 2025 Statistical Review of World Energy, which was published previously for more than 70 years by BP. Here is the link to the full 2025 Statistical Review of World Energy. The Review confirmed that a troubling trend continues. Despite historic investments in renewables and net-zero pledges from nearly every major economy, global carbon emissions hit a record high in 2024.
KITIMAT, BC, June 30, 2025 /CNW/ – LNG Canada has successfully loaded a first cargo of liquefied natural gas that is now destined for global markets, marking the start of operations at Canada’s first large-scale LNG export facility.
Un cierre del Estrecho de Hormuz por Irán generaría un shock petrolero global, con precios récord y efectos mixtos para Pemex, México y la economía mundial. Este análisis examina las implicaciones económicas globales y nacionales que tendría un cierre del Estrecho de Hormuz por parte de Irán, un escenario actualmente plausible ante las crecientes tensiones en Medio Oriente.
Most Petroleum engineers would laugh at you if you suggested that you could learn about well production behavior in the Williston from historic production in the Eagleford however that’s exactly what we’re finding after building a “Giga Model” of all the Unconventional oil wells in the Lower 48. (OK maybe not all of them but still most of them) I’ve spent the last year digging into this problem, analyzing production data from 100,000 horizontal wells spanning seven major U.S. basins.
Australia’s government is supporting with grant funding the development of a green hydrogen project in the country, which has recently seen setbacks in the sector with major projects canceled or halted. Australia, via the Hydrogen Headstart Program of Australian Renewable Energy Agency (ARENA), will back Orica’s Hunter Valley Hydrogen Hub with grant funding of $283 million (AUS$432 million), the government said on Friday.
June 30, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. We are committed to sharing the insights and knowledge that our team gathers to help you stay ahead in this dynamic sector. From mergers and acquisitions to regulatory changes and technological advancements, we cover all the key developments that impact the industry.
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American Bureau of Shipping (ABS), CORE POWER and Athlos Energy have formed a consortium to evaluate the potential of positioning the floating nuclear power (FNPP)…
U.S. power utilities are set to spend $212.1 billion in capex this year, which would be a 22.3% increase on the year as they race to secure new electricity supply for data centers, the Financial Times has reported, citing data from Jefferies. Compared to 10 years ago, the rise in investment stands at an impressive 129%. According to the investment bank, capex in the power utility sector in the United States will hit an all-time high in 2027, at $228.1 billion.
(Investing) – BUENOS AIRES -A dramatic ruling by a U.S. court ordering Argentina to hand over the 51% stake it holds in state energy firm YPF has cast a shadow over the country’s plans for its huge Vaca Muerta shale formation and hopes to return to global markets. U.S. District Judge Loretta Preska said on Monday that Argentina must transfer its YPF shares within 14 days to partially satisfy an earlier $16.1 billion court judgment against the country over its 2012 nationalization of the fi
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