OilPrice

MAY 7, 2025

Russia saw its budget revenues from oil and gas drop by 12% in April from a year earlier, due to the oil price rout last month, the Russian finance ministry said on Wednesday. Oil and gas revenues for the Kremlin dipped to $13.45 Oil and gas revenues for the Kremlin dipped to $13.45 billion (1.09 billion (1.23 billion (1.09

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OilPrice

JUNE 2, 2025

Despite European politicians' efforts to reduce Russia's natural gas dominance in national markets, the reality is quite the opposite. According to Reuters, Gazproms natural gas pipeline supplies via Turkstream to Europe surged 10.3% However, the bigger picture reveals that Brussels and its bureaucrats face a significant challenge.

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OilPrice

APRIL 10, 2025

natural gas scene, marking its first real foray into the Lower 48s upstream and LNG ambitions. The Abu Dhabi wealth funds energy arm has snapped up a 24% stake in SoTex HoldCo LLCoperator of a shale gas field and backer of an LNG terminal in Louisiana. Mubadala Investment Co just planted its flag in the U.S. decade-long investment

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POWER Magazine

JANUARY 3, 2025

A Kentucky electric cooperative plans to build new natural gas-fired units, and convert some of its coal-fired units to burn natural gas, as part of an expansion of its power […] The post Kentucky Utility Plans New Gas-Fired Units, Coal-to-Gas Conversion, and Solar Farms appeared first on POWER Magazine.

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OilPrice

MARCH 11, 2025

ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

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OilPrice

MAY 28, 2025

However, when the price is below $60 per barrel as Russias crude grades have been for two months now Russia taps into the fund to offset shortfalls in revenue from oil and gas exports. Russia could consider adjusting the oil price level in its so-called budget rule amid falling oil prices, Finance Minister Anton Siluanov said on Wednesday.

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OilPrice

MARCH 6, 2025

Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.

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OilPrice

JUNE 5, 2025

Europes benchmark natural gas prices rose early on Thursday as the maintenance season on gas infrastructure in Norway, the top supplier to Europe, began. Dutch TTF Natural Gas Futures, the benchmark for Europes gas trading, were rising by 2% as of 12:15 p.m. Amsterdam time on Thursday.

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POWER Magazine

FEBRUARY 29, 2024

Environmental Protection Agency (EPA) will drop requirements covering existing natural gas-fired power plants in its final Section 111 rule regulating power sector greenhouse gas (GHG) emissions, which is […] The post EPA Drops Existing Gas-Fired Plants from Contentious Power Plant GHG Rule appeared first on POWER Magazine.

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OilPrice

APRIL 24, 2025

Russia is expected to see its oil and gas revenues for April slump by 22% from a year ago, amid lower oil prices and a stronger local currency, according to Reuters calculations. In March, Russian revenues from oil and gas plunged by 17% from Russias revenues from hydrocarbons are set to be about $11.6

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POWER Magazine

JANUARY 24, 2025

Facing a projected surge in power demand across the country, NextEra Energy is taking steps to potentially restart its shuttered 615-MW Duane Arnold nuclear plant in Iowa as early as […] The post NextEra Eyes Restart of Shuttered Nuclear Plant, Partners with GE Vernova on Gas Power Expansion appeared first on POWER Magazine.

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OilPrice

APRIL 18, 2025

Natural gas reserves in Pakistan remained relatively flat last year compared to the gas reserve estimate for 2023. The key fields contributing to the increase include Pasakhi/Pasakhi North East, Rajian, Kunar, Sono, Thora, Jhandial, and Lashari Centre, according to a report by Arif Habib Limited cited by Pakistani media.

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POWER Magazine

SEPTEMBER 22, 2024

Madrid-headquartered Redexis announced has begun injecting hydrogen produced with renewable energy into the country’s natural […] The post Spanish Group Injecting Hydrogen Into Natural Gas Network appeared first on POWER Magazine.

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OilPrice

MARCH 25, 2025

The UK could produce about half of the energy it consumes locally, in the North Sea, the energy industry association, Offshore Energies, said this week, as quoted by the Financial Times. For that, however, the industry needs the right business conditions.

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OilPrice

MAY 17, 2025

Backed by Western and Turkish support, Libyas internationally recognized government is attempting to revitalize its upstream oil and gas sector, which is already attracting notable global interest. North Africas most resource-rich nation, Libyahome to vast hydrocarbon and mineral reservesis once again at a crossroads.

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POWER Magazine

DECEMBER 6, 2024

A major Pennsylvania coal-fired power plant, the largest coal-burning facility in the state before it was closed in 2023, may be converted to a natural gas-fired station. Officials in Homer […] The post Largest Pennsylvania Coal-Fired Plant Will Convert to Natural Gas appeared first on POWER Magazine.

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OilPrice

MAY 9, 2025

Paul Singers Elliott Management is kicking the tires on a deal that would have been unthinkable just a few years ago: buying a stake in a pipeline that carries Russian natural gas into Europe. The pipeline in question is the Bulgarian extension of TurkStreamRussias last functioning gas artery to the continent.

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OilPrice

MARCH 10, 2025

Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev. This encompassed the KRI, much of the rest of Iraq under the control of its Federal Government

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Marcellus Drilling News

MAY 30, 2025

In February, MDN told you about a proposed new bill in Ohio, House Bill (HB) 15, which makes significant changes to state energy policy to encourage the development of more in-state electric generation by making it easier (and more cost-effective) to build gas-fired power (see OH Legislators, New Bill, Encourage More Gas-Fired Power Plants).

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OilPrice

MARCH 13, 2025

Data centers and liquefied natural gas exports are set to keep natural gas demand in the United States at a record high this year and next, energy executives said at CERAweek. Infrastructure shortages, however, could make growth problematic.

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POWER Magazine

NOVEMBER 19, 2024

GE Vernova has unveiled a 100% hydrogen-ready aeroderivative gas turbine solution based on its LM6000VELOX package.

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OilPrice

MAY 19, 2025

billion to refill its natural gas storage caverns this year. The reason for the much higher bill is the colder winter of2024-2025, which depleted the blocs natural gas reserves more than each of the prior two winters when the weather was milder than usual, allowing the EU to retain comfortable levels of gas in storage.

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Marcellus Drilling News

MAY 15, 2025

NRG Energy agreed to acquire LS Powers portfolio of natural-gas power plants in a deal valued at roughly $12 billion, including debt, that will expand NRG’s footprint in Texas and along the East Coast.

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OilPrice

APRIL 3, 2025

Chinas biggest state-held energy firms are following the demand trends in the worlds top crude oil and natural gas importer. But natural gas demand is only going up, and its expected to continue growing for decades.

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OilPrice

MARCH 9, 2025

Throughout 2022, the weaponization of natural gas supplies by Russia greatly aggravated the continents energy security, leading to a massive spike in gas prices. Three years ago, Europe suffered one of its biggest energy crises in modern history following Russias invasion of Ukraine.

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OilPrice

MARCH 12, 2025

The Asian giant is aiming to achieve carbon neutrality by 2060, despite continuing to be heavily reliant on oil, gas and coal. Despite being the worlds biggest polluter, China is also a renewable energy superpower. As Chinas renewable energy sector continues to expand, how long will this last until the bubble bursts?

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OilPrice

MAY 16, 2025

Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural gas supply is more expensive for the cash-strapped North African country.

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POWER Magazine

DECEMBER 11, 2024

11 said it is designing […] The post ExxonMobil Planning Large Gas-Fired Plant to Serve Data Centers appeared first on POWER Magazine. ExxonMobil is preparing to join the power generation business, seeing an opportunity to support the electricity supply for energy-intensive data centers. The company on Dec.

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OilPrice

MARCH 11, 2025

The Panama Canal is considering an idea to build a pipeline to ship liquefied petroleum gas (LPG) across the key trade chokepoint to potentially bring gas from the U.S. The canal authorities see moving gas through Panama as a top priority, but its also highly complex, according to Vasquez.

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OilPrice

MARCH 13, 2025

The warm temperatures in Europe from earlier this week will abruptly shift to freezing conditions in the weekend and next week, testing Europes renewable power generation and low natural gas stocks.

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OilPrice

MARCH 17, 2025

Ideas to resurrect the Nord Stream gas pipelines from Russia to Germany are the wrong direction of discussion, Germanys outgoing economy and energy minister Robert Habeck said on Monday. Gas leaks in each of the Nord Stream 1 and 2 pipelines in the Baltic The Ukrainians are still under the aggression of Russia.

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OilPrice

APRIL 7, 2025

Iran has awarded US$17 billion of contracts to attempt to reverse a dramatic projected production decline from the worlds biggest gas reservoir. trillion cubic metres (tcm) of gas reserves plus 18 billion barrels of gas condensate. tcm of gas reserves (mainly located in the southern Fars, Bushehr, and Hormozgan regions).

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Marcellus Drilling News

MAY 15, 2025

The new policy *favors* adding natural gas-fired power over other types of power. In December, MDN told you that the countrys largest electric grid, PJM Interconnection, which covers all or parts of 13 states, including PA, OH, and WV, proposed changes to how it decides which new power plants can connect to the system first.

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OilPrice

MAY 20, 2025

One would be wrong: almost half of all mid- and small-cap oil and gas stocks in the US are now trading below their book values. Looking at Berkshire's mindblowing $350 billion cash stash. one would think that there is nothing in the market that a value investor would find attractive. Thats the highest level since the pandemic.

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Marcellus Drilling News

MARCH 27, 2025

The Public Service Commission of Wisconsin held hearings on Tuesday at the Oak Creek Community Center to listen to public comments on a proposed natural gas plant. Wisconsin Electric Gas Operations, doing business as We Energies, proposes to spend $1.2 billion at its Oak Creek Power Plant (Oak Creek is a suburb of Milwaukee) to.

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OilPrice

MARCH 27, 2025

BP approved on Thursday the development of the Ginger natural gas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027.

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OilPrice

APRIL 28, 2025

China has not imported any liquefied natural gas from the United States since early February, data from Kpler cited by Nikkei has shown. The last LNG cargo that left the Gulf bound for China set off on February 6, the data showed. The Chinese tariffs on U.S.

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