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The world needs $18.2 trillion in oil and gas investments through 2050 to ensure energy supply by the middle of the century, OPEC Secretary General Haitham Al Ghais has told Energy Connects in an exclusive interview. Oil demand is set to continue rising through 2050, with consumption expected at 123 million barrels per day (bpd) then, up from about 104 million bpd this year, according to OPEC’s annual World Oil Outlook (WOO) released last week.
Skip to main content Is geothermal energy ready to make its mark in the US power mix? July 17, 2025 | Article Adam Barth   Clint Wood Maximilian Moosburger   Bobo Stankovikj Next-generation geothermal energy may soon be a cost-competitive way to fill the need for clean, firm power in the United States. Energy demand in the United States is projected to grow roughly ten times as fast in the coming decade as it did over the past ten years.
Mach Natural Resources has signed two definitive agreements totaling $1.3 billion , marking a major strategic move beyond its traditionally Oklahoma-focused operations. These acquisitions will give the Anadarko Basin-centered independent producer its first significant footholds in the Permian and San Juan basins, through the purchase of assets from Sabinal Energy and entities managed by IKAV Energy.
Energy industry services firm EnerMech has been awarded a two-year crane operations and maintenance (O&M) contract extension to continue supporting a North Sea operator…
Venture Global has quietly begun producing LNG from Phase 2 of its Plaquemines export terminal in Louisiana, sources told Reuters, marking a significant step in the company's ongoing strategy to front-load spot market profits while delaying deliveries to long-term customers. The move allows the recently public LNG player to sell cargoes at elevated spot market prices—reportedly earning $7.09 per MMBtu in Q2 2025—well above the $2.66 per MMBtu it collects under fixed-fee contracts at its now-comm
Skip to main content Productivity at the core: How COOs deliver strategy July 17, 2025 | Article Daniel Swan  Darryl Piasecki  Tony Gambell For the COOâs productivity mandate, the time to act is always. Six best practices can help. Every chief operating officer (COO) knows this simple truth: Delivering the companyâs strategy isnât just part of the jobâit is the job.
(World Oil) – Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block. Image: Hess The combined company has one of the most advantaged and differentiated portfolios in the industry, with leading positions in critical energy markets around the world and a high cash margin produc
The preliminary results and fluid samples indicate several reservoirs with good mobility, and initial assessments suggest that gas volumes on site may exceed 1 trillion cubic feet.
The preliminary results and fluid samples indicate several reservoirs with good mobility, and initial assessments suggest that gas volumes on site may exceed 1 trillion cubic feet.
Since the Russian invasion of Ukraine in February 2022, the European Union has been working to decrease its dependence on Russian energy. The EU responded to Russia’s invasion by introducing sanctions on a range of energy products, including oil and gas, which it has gradually strengthened over the last three years as the region has reduced its reliance on Russian energy.
U.S. liquefied natural gas (LNG) exports dropped to their second-lowest monthly level so far this year in June, as maintenance at key export facilities temporarily cut output, according to preliminary data from LSEG. The world’s leading LNG exporter shipped 8.4 million metric tons (MT) of LNG in June, down from 8.9 MT in May and well below April’s record of 9.3 MT.
According to U.S. Energy Information Administration, the share of the nation’s crude oil and petroleum imports from OPEC countries has declined 77 percent since 2006. In its Monthly Energy Review last week, EIA said imports from Saudi Arabia, Arabia, Algeria, Iraq and other OPEC countries has been declining since 2006 while imports from Canada have nearly doubled.
U.S. oil and gas major Chevron completed its $53 billion acquisition of Hess on Friday, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the biggest oil discovery in decades.
The Energy Institute recently published its updated energy report, the 2025 Statistical Review of World Energy, showing data through the year 2024. In this post, I identify trends in the new data that I consider worrying. These trends help explain the strange behaviors that we have been seeing from governments recently. A major hidden issue is that prices never seem to rise high enough, for long enough, to prevent production of fossil fuels and other mineral resources from declining relative to
Van Oord has completed the installation of all monopile foundations at RWE’s Sofia offshore wind farm, marking a major milestone in the construction of one of world’s largest wind farms…
U.S. imported only 17 percent of its domestic energy supply in 2024 – half of the record share in 2006 and the lowest share since 1985. U.S. Energy Information Administration said July 7 in its Monthly Energy Review , “The decline in imports’ share of supply in the previous two decades is attributable to both an increase in domestic energy production and a decrease in energy imports since 2006.
(EIA) – In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. energy consumption in 2024. Nonfossil fuel energy—from renewables and nuclear energy—accounted for the other 18%.
U.S. shale drillers are scaling back as crude prices drift into the red zone for profitability, according to Quantum Capital Group’s Dwight Scott. With West Texas Intermediate (WTI) hovering near $65, private operators are seeing diminishing returns on new drilling activity. “In the mid-$60s, you get dangerously close to where oil prices don’t really drive appropriate returns for new drilling,” Scott said in a Bloomberg TV interview on Wednesday.
Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up.
The U.S. Bureau of Land Management announced that it had approved the 30-megawatt Crescent Valley geothermal energy production facility and associated transmission line.
Researchers from three respectable universities (Durham, Oxford, and Toronto) just issued a paper that lays out a guide to exploring for underground hydrogen deposits and also claims that the planet’s reserves, theoretically, could supply all energy needs for so many years that you would write off the number as delusional hyperbole if we repeated it.
Venture Global will supply 2 million tonnes per annum (MTPA) of liquefied natural gas from its Calcasieu Pass 2 project over 20 years to Italian state-controlled energy group Eni…
By John Lee. The Association of the Petroleum Industry of Kurdistan (APIKUR) has welcomed it described as renewed and intensified negotiations between the Kurdistan Regional Government (KRG) and the Government of Iraq (GoI) aimed at resuming oil exports via the Iraq-Türkiye Pipeline (ITP). The statement follows a high-level meeting held on 12th July 2025 between International Oil Companies (IOCs) operating in the Kurdistan Region - including APIKUR members - and representatives of both the KRG a
Natural gas is a vital energy source for millions of households across the country. It powers stoves, heats homes, and fuels water heaters—but have you ever wondered how it gets from deep underground to your front door? The journey of natural gas from wells to homes is a complex and carefully managed process that ensures safety, reliability, and efficiency.
MidOcean Energy, the LNG investment platform backed by Saudi Aramco, has emerged as the front-runner to acquire a significant minority stake in Petronas’s Canadian gas and LNG business, according to people familiar with the talks, cited by Bloomberg. The deal, now reportedly in late-stage negotiations, could value the assets between $6 and $7 billion, making it one of the largest LNG transactions of the year.
AGA Newsroom True Blue Blog Where energy conversations come to life. Renewable natural gas (RNG) is a uniquely versatile form of renewable energy, possessing characteristics unmatched by any alternatives. RNG is produced from renewable sources including American farms, wastewater plants, landfills, and other sources of what would otherwise be greenhouse gas emissions.
Physical activity has hit global lows—yet a growing number of consumers are focusing on fitness. In an uncertain economy, many are looking for value—but some are willing to splurge. How should brands make sense of this year’s polarizing trends?
July 14, 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.
The Middle East is on track to surpass Asia to become the world’s second-largest gas producer in 2025, ranking only behind North America, according to Rystad Energy research and analysis. Gas production in the Middle East has grown by about 15% since 2020, and the future growth underscores the determination of regional producers to monetize gas reserves and develop export potential to meet global demand.
Jadestone Energy, an Asia-Pacific focused oil and gas company, has increased production rates expectations from the Montara field offshore Australia, as the drilling…
Google will also spend more than $3 billion to modernize two hydropower plants in Pennsylvania to help meet growing demand from data centers in the region.
In the list of major energy projects announced for Pennsylvania yesterday, the Frontier Group announced plans to invest $3.2 billion to transform the former Bruce Mansfield coal power plant in Beaver County into a natural gas power station (and co-located data center), renamed the Shippingport Power Station. This project is expected to create 15,000 construction.
Many countries need to invest heavily in upgrading their electrical grid system, as vast quantities of renewable energy get connected, many from non-conventional energy-producing regions. In most countries, the transmission network was built several decades ago around conventional power plants in energy hubs. However, as countries increase their green energy capacity and decentralise energy production, most grid systems cannot cope with the influx of electricity from alternative regions at varyi
(BOE Report) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. As the global oil industry enters a downturn due to economic uncertainty related to U.S. tariffs policy and OPEC+ pumping more barrels, Canada’s oil sands industry finds itself in a position
AI, automation, and a nerve center? McKinsey senior partner Neelesh Mundra explains some of the ways supply chain leaders are innovating and flourishing amid today’s complexities.
The U.S. Energy Information Administration reduced its Henry Hub natural gas spot price forecast for 2025 and 2026 in its latest short term energy outlook.
Saudi Arabia seeks to raise its solar and wind power capacity with multi-billion-dollar deals. The Kingdom, the world’s top crude oil exporter, wants to develop all forms of energy, diversify its economy from oil, and replace oil in power generation with renewables and natural gas. The Saudis are not abandoning their primary role in global oil production and supply.
The Middle East is powering ahead of global energy markets and is a magnet for international businesses, thanks to its pragmatic energy investment approach and enthusiastic tech adoption, according to the Energy Industries Council’s (EIC) latest Survive & Thrive report 90% of energy companies operating in the region reported growth in 2024, according to the EIC report, the highest across all regions surveyed, with further growth forecast in 2025.
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