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The total number of active drilling rigs for oil and gas in the United States came crashing down this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week. The total rig count in the US fell by 10 to 566 rigs, according to Baker Hughes, down 34 from this same time last year. The number of oil rigs fell by 8 to 465 after falling by 1 during the previous weekand down by 32 compared to this time last year.
According to opinion researchers at Pennsylvania’s Franklin & Marshall College, the issue of fracking has deepened the schism between Democrats and Republicans in the Keystone State. Pennsylvania’s voter registration statistics have shifted rightward (from Democrat to Republican), which has been traced to shifts in the affiliation of working-class communities, particularly those located in the northeastern.
The U.S. Department of Energy (DOE) has invoked emergency authority to compel Puerto Ricos public utility to dispatch mothballed oil-fired and fossil-fueled power units, citing an imminent threat to grid […] The post DOE Orders Fossil Units Online After Puerto Rico Blackouts, Citing Dispatchable Capacity Need appeared first on POWER Magazine.
While the doors of Emerson Exchange 2025 opened on Monday, formal proceedings got underway on Tuesday morning with a keynote from Emerson CEO Lal Karsanbhai. The global industrial technology and software vendor's boss said his industry is facing dynamic markets in an evolving industrial landscape. "Emerson is moving in the right direction with purpose, conviction and agility in automation, shaping what's next for global industries," he noted.
The top U.S. energy officials will host on June 2 an event with officials from South Korea, Japan, and Taiwan to tout the $44-billion Alaska LNG project for which the United States is seeking Asian investors, sources with knowledge of the plans told Reuters on Friday. State firm Alaska Gasline Development Corporation (AGDC)seeks to advancethe Alaska LNG project, designed to deliver North Slope natural gas to Alaskans and export LNG to U.S. allies across the Pacific.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” That quote is attributed to Adolf Hitler, a master of lying propaganda. The environmental left is also a master at lying propaganda. Like this lie: “Solar is now cheapest electricity in history, confirms IEA.” That’s a lie.
The Federal Energy Regulatory Commissions (FERCs) 2025 Summer Energy Market and Electric Reliability Assessment has forecast higher wholesale electricity prices this summer in most regions. The assessment, published May 15, […] The post FERC Anticipates Higher Energy Prices This Summer appeared first on POWER Magazine.
In 2019, the EU set into motion dedicated legislation to expand renewable energy communities (RECs) where they already exist, and enable citizen energy in countries – mostly eastern and southern Europe – where there were none at all.
In 2019, the EU set into motion dedicated legislation to expand renewable energy communities (RECs) where they already exist, and enable citizen energy in countries – mostly eastern and southern Europe – where there were none at all.
Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas. Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2 million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% higher compared to 2024.
In January, MDN brought you the news that TECfusions, based in Tampa, Florida, had purchased 1,395 acres in Upper Burrell (Westmoreland County), PA, for a groundbreaking data center project called TECfusions Keystone Connect (see Massive 3 GW Gas-Fired AI/Data Center Coming to Southwest Pa.). The site is the old Alcoa R&D campus and the surrounding.
Government officials in Estonia announced the country will initiate a spatial planning process and an environmental impact assessment for construction of the country's first nuclear power plant. The post Estonia Plans 600-MW Nuclear Power Plant Utilizing BWRX-300 SMRs appeared first on POWER Magazine.
Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Crude production numbers include condensates and NGLs, counted as NGLs on the demand side but as crude when blended with Canadian crude for export. This issue is global, as agencies, banks, and consultants rely on EIA data.
Many people are perhaps familiar with the term petrostates, which usually denotes oil-rich nations that are deeply intertwined with the oil industry, often facing economic and political challenges due to oil price fluctuations and the potential decline in hydrocarbon resources. Saudi Arabia, Iraq, the United Arab Emirates (UAE), Kuwait, and Iran are some of the worlds leading petrostates.
The oil and gas industry is large and complex, including how companies raise money to drill new wells. One of the ways companies get financing to drill is via partners that invest but don’t take an active role. It’s called being a non-operated (non-op) owner or partner.
The Kerrville (Texas) Public Utility Board has selected MAN Energy Solutions to supply six 18V51/60G gas engines for a new 124-MW power plant. The facility, which will be built adjacent to the existing 51-MW Sky Global Power One in Colorado County, Texas, will leverage the site's existing power transmission infrastructure. It will be designed as a peaker plant that will support the power grid during periods of high demand for electricity.
(Oil & Gas 360) – The energy epicentre of Europe shifted to Milan on 19-21 May as PRC Europe 2025 brought together the leaders from the downstream sector. Supported by the Host Sponsor, Eni S.p.A., and Regional Partners including Technip Energies, Sonatrach Raffineria Italiana S.r.l., Wood and Saras S.p.A., the Congress united specialists to forge partnerships and develop solutions advancing the petrochemical and refining era.
This summer, solar power generation globally could exceed electricity from nuclear power plants for the first time ever, as solar capacity soars and sunlight and daylight hours are long in the northern hemisphere. Global solar power generation jumped by 34% in the first quarter of 2025 from the same period in 2024, according to data from Ember cited by Reuters columnist Gavin Maguire.
EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), owns nearly half a million acres of leases in the Ohio Utica (~460,000 acres). EOG calls its position the Ohio Utica combo play and considers it one of the companys “premium” and “emerging” plays. EOG.
As the world transitions toward renewable energy sources, geothermal power has emerged as one of the most promising, yet underutilized, options in the clean energy portfolio. Unlike solar and wind, […] The post Modular Geothermal Power: Gradients Scalable Solution for Oil and Gas Sites appeared first on POWER Magazine.
Germany, which has been opposing for years EU attempts to treat nuclear power as a green electricity source on par with renewable energy, has dropped this opposition under new chancellor Friedrich Merz, which could make EU energy policy much easier to adopt. Germany under former chancellor Olaf Scholz was opposing treating nuclear on an equal footing as solar and wind in the EUs goals and policy to achieve net-zero by 2050.
In December 2022, MDN brought you the great news that Coterra Energy (formerly Cabot Oil & Gas) would be allowed to restart drilling in a nine-square-mile area in Dimock, PA (Susquehanna County) following a no contest plea deal with PAs then-Attorney General, Josh Shapiro, on a misdemeanor charge (see PA DEP Allows Coterra (Cabot O&G).
The only commercial nuclear power plant in the U.S. Pacific Northwest is set for a $700-million upgrade that would add nearly 200 MW of generation capacity. The Columbia Generating Station in Richland, Washington, with a current capacity of 1,207 MW, will undergo an extended power uprate that will be done during the plant's next three biennial spring refueling outages in 2027, 2029, and 2031.
Oil is slightly weak on the back of mixed inventory data. Todays update from Serica is very upbeat. The post Oil price, Serica. And finally… appeared first on Malcy's Blog.
U.S. refining giant Phillips 66, which will close its LA refinery later this year, will lay off in December most of the workers at the plant, Reuters reports, citing sources with knowledge of the plans. Last October, Phillips 66 said it would shut down its refinery in the Los Angeles area in the fourth quarter of 2025, due to market dynamics. Approximately 600 employees and 300 contractors currently operate the Los Angeles-area refinery, Phillips 66 said when it announced the closure.
The U.S. national rig count lost two more rigs last week, going from 578 to 576, tying January 24th of this year as the lowest national rig count in the past 12 months. Rigs targeting the Marcellus layer remained the same with 25 rigs last week, while the Utica (in Ohio) picked up one rig.
The Oilholic has arrived in San Antonio, Texas, US for the week-long Emerson Exchange 2025 - the thought leadership event of engineering services, industrial automation and software giant Emerson. The event - being held at the city's Henry B. Gonzalez Convention Cente - is expected to draw in nearly 4,000 attendees from over 50 countries, representing 300-plus companies integral to the global industrial and manufacturing complex.
Oil is quiet with mixed news from the US/Iran talks. Today Savannah have had a very positive update and Union Jack are also in good form. And Borders & Southern may well just be an exciting place to be just now. The post Oil price, Savannah, Union Jack, Borders & Southern. And finally… appeared first on Malcy's Blog.
Russias top oil producer, state-controlled Rosneft, has acquired the company that holds the license to operate and develop a giant rare earths deposit in Siberia, the largest such reserve in Russia and one of the worlds biggest. Rosneft has taken over control of Vostok Engineering, the company which holds the license for the Tomtor rare earth metals deposit in Yakutia, the Russian national companies registry showed on Wednesday.
Yesterday, the first of what will no doubt be many such events, the Appalachian AI Energy Conference (sponsored by Shale Directories) was held at the Hilton Garden Inn in Pittsburgh/Southpointe. Event speakers explored why Appalachia is uniquely suited to meet AI’s massive energy needs. CNXs VP of sustainable development, Brent Bobsein, spoke about the region’s.
860MWh! Signed another large order for energy storage in Europe Recently,LinyangEnergysignedenergystoragecooperationagreementswithItaly'sSVAMandSweden'slistedenergygroupSuntraderespectively,withacombinedscaleof860M.
Oil is up slightly today but will end the week down. Today Seascape announce FY results and NTOG update for the FY. The post Oil price, Seascape, NTOG. And finally… appeared first on Malcy's Blog.
Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. Per an AFP report, the deal will also involve the construction of a petrochemicals facility and a fertilizer plant. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.
Last November, MDN brought you the great news that MPLX (aka MarkWest Energy) would file to build an expansion at its existing Harmon Creek facility in Smith Township, Washington County, PA (see MPLX to Build New Harmon Creek III Gas Processing in PA Marcellus). MPLX wants to add a 300 MMcf/d (million cubic feet per.
News True Blue Blog Where energy conversations come to life. Customer service chatbots. AI-powered service route planners. Smart meters. Drones. Many might not realize that the scene at AGAs recent Operations Conference and Biennial Exhibition would be similar to something out of the Jetsons complete with a robot assistant to help attendees navigate the showroom floor.
Technology group Wrtsil will supply power generation equipment for a new 30-MW power plant being set up on Victoria Island in Lagos by Victoria Island Power Ltd. (VIPL), a Nigerian independent power producer. Wrtsil, acting as the engineering, procurement, and construction lead for the project, also will operate and maintain the power plant for a period of five years.
Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026. The bank, however, maintained its oil price forecast at $60 per barrel of Brent crude and $56 per barrel of West Texas Intermediate for this year, Reuters reported, citing a new note.
Freeport LNGs export terminal with three liquefaction trains completely shut down (all three trains) in June 2022 after an explosion and fire (see Explosion Rocks Freeport LNG Export Plant Offline for 3 Weeks). What was initially thought to be a three-week outage lasted for ten months. The plant finally returned online in March 2023.
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