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Officials in Pennsylvania have announced the redevelopment of a former coal-fired power plant site into a data center campus that will be powered by naturalgas, in what they call […] The post Nation’s Largest Gas-Fired Plant Planned at Former Pennsylvania Coal Plant Site appeared first on POWER Magazine.
An Ohio town known as a hub for the burgeoning data center industry may soon have one or more new naturalgas-fired power plants to support the area's need for energy. The post More NaturalGas-Fired Plants Planned to Support Ohio Data Centers appeared first on POWER Magazine.
naturalgas consumption set new winter and summer consumption records in 2024, highlighting the growing importance of naturalgas in the global energy mix. Record-Breaking NaturalGas Consumption and Production According to the latest EIA data,
oil production continues, rallying naturalgas prices are setting the stage for a rebound in Americas gas output this year, following months of output curtailments in 2024. naturalgas prices above the $4 per million British thermal units (MMBtu) level, up by 160% in one year. While the slowdown in U.S.
Maryland lawmakers have introduced a bill in the state legislature that sponsors say would provide an easier path to build new power plants, including naturalgas-fired facilities, and lower utility bills for ratepayers as part of the process.
Dominion Energy has asked Virginia officials to approve its request to build a new 1-GW naturalgas-fired power plant, as the company seeks to add more generation capacity to help serve surging demand from data centers. The post Dominion Seeks Virginia Approval for 1-GW Gas-Fired Power Plant appeared first on POWER Magazine.
Australias Woodside Energy, the developer of the Louisiana LNG export project, expects global naturalgas demand to jump by 50% by the end of the decade, chief executive Meg ONeill said at an industry conference on Tuesday.
Naturalgas prices recently soared to their highest levels in two years, driven by a combination of extreme weather, supply constraints, record liquefied naturalgas (LNG) exports, and global demand pressures. This surge has significant implications for consumers, industries, and energy markets worldwide.
Iran is boosting naturalgas production from Phase 11 of the giant South Pars field after bringing online a key new well, Iranian media reported on Tuesday. Thus, the total naturalgas output at the giant South Pars field has reached 20 mcm/d.
Europes benchmark naturalgas prices rose early on Thursday as the maintenance season on gas infrastructure in Norway, the top supplier to Europe, began. Dutch TTF NaturalGas Futures, the benchmark for Europes gas trading, were rising by 2% as of 12:15 p.m. Amsterdam time on Thursday.
naturalgas prices fell by 6% on Friday morning amid the overall panic market selling, but the benchmark Henry Hub price was declining less than the WTI Crude prices, which sank by more than 8% to hit a low of $61 per barrel. The benchmark price for U.S.
naturalgas prices fell on Thursday after the EIA reported a larger-than-expected inventory build coupled with forecasts for milder weather and less demand next week. Naturalgas futures were down 4.6% to trade at $4.05/MMBtu MMBtu at 11.00 am ET, reversing the multi-year high of $4.35/MMBtu
Madrid-headquartered Redexis announced has begun injecting hydrogen produced with renewable energy into the country’s natural […] The post Spanish Group Injecting Hydrogen Into NaturalGas Network appeared first on POWER Magazine.
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 naturalgas-fired station. Officials in Homer […] The post Largest Pennsylvania Coal-Fired Plant Will Convert to NaturalGas appeared first on POWER Magazine.
Chinas biggest state-held energy firms are following the demand trends in the worlds top crude oil and naturalgas importer. But naturalgas demand is only going up, and its expected to continue growing for decades. But naturalgas demand is only going up, and its expected to continue growing for decades.
An India-based company said it has started commercial operation of a 1,200-MW naturalgas-fired power plant in Malaysia, part of a buildout of power generation capacity as that country's population grows and its economy expands. GW Gas-Fired Plant in Malaysia appeared first on POWER Magazine.
Data centers and liquefied naturalgas exports are set to keep naturalgas 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.
Europes benchmark naturalgas prices rose early on Monday following an unplanned cut to capacity of the giant Troll gas field in Norway, the single largest supplier of gas to Europe. Dutch TTF NaturalGas Futures, the benchmark for Europes gas trading, jumped by 2.2% higher at 11:30 a.m. local time.
Qatar is set to supply Syria with naturalgas via Jordan with Washington's approval, Reuters has reported. The gas would be transferred from Jordan via a pipeline to the Deir Ali power plant in southern Syria, where it could boost power supply by up to 400 megawatts.
Unfortunately for the dogmatists, much of the blame lies with the price of naturalgas, or more to the point, the way the price of naturalgas sets all electricity prices in Right-wing politicians on both sides of the Atlantic blame it all on those woke renewable energy requirements. Another excuse to see them gone.
naturalgas in years. naturalgas futures showed two contrasting trendsspeculators are betting that oil prices would remain low or go even lower while increasing the bets that naturalgas prices would continue marching higher. Traders havent been this bearish on oil in months or so bullish on U.S.
BP approved on Thursday the development of the Ginger naturalgas 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.
Europes benchmark naturalgas prices fell on Wednesday for a second consecutive day amid milder weather and increasing LNG supply as Chinese demand weakens. Dutch TTF NaturalGas Futures, the benchmark for Europes gas trading, fell by 1.5% at $44.19 (40.92 euros) per megawatt-hour (MWh) as of 9:18 a.m.
A one-in-a-million, freaky-deaky accident happened in Westmoreland County, PA, that caused a conventional naturalgas well operated by Kriebel NaturalGas Co. The post Freak Accident Ignites Conventional NaturalGas Well in SW Pa. to explode. first appeared on Marcellus Drilling News.
BP expects to post a weak naturalgas trading result for the first quarter, as well as lower gas output, as the UK-based supermajor is resetting its strategy back to core oil and gas operations.
ExxonMobils eighth oil project offshore Guyana will also be the biggest naturalgas 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
The post Stalinist NY Bill Would End NaturalGas for Homes and Businesses first appeared on Marcellus Drilling News. He established the totalitarian political system known as Stalinism, which forcibly purged society of what it saw as threats to itself and its brand of communism. We think Stalinism is an apt description.
Mexico is considering expanding domestic fracking in a bid to reduce its high dependence on naturalgas imports from the United States amid tense trade and tariff relations, the Financial Times reported on Tuesday, quoting private sector executives. But more than 70% of Mexicos naturalgas and Mexico.
The NYMEX naturalgas “front month” futures contract (currently the April contract) closed at its highest level yesterday since Dec. The post NYMEX NaturalGas Price Hits Two-Year High of $4.491/MMBtu first appeared on Marcellus Drilling News. That was a gain of 9.2 cents from Friday’s close.
A joint venture of ExxonMobil and Woodside Energy has approved a $222-million project to drill new wells and boost naturalgas production from fields in the Gippsland Basin offshore southeastern Australia.
The Trans-Balkan pipeline, which historically carried Russian gas southward, has now been reversed to bring non-Russian gas northward into Ukraine. The Trans-Balkan pipeline, which historically carried Russian gas southward, has now been reversed to bring non-Russian gas northward into Ukraine.
Russia expects its naturalgas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday.
From time to time, we like to check in on what the price of naturalgas is doing, both the “futures” NYMEX price (front month) and the spot price at various points around the Marcellus/Utica. We’re certainly well off our highs over the past month from when the NYMEX price hit $4.49 on Monday, March.
Geological Survey (USGS) has discovered large oil and gas deposits in the Mowry Composite Total Petroleum System that spans parts of Wyoming, Colorado and Utah. The report estimates large hydrocarbon resources, including 473 million barrels of oil and 27 trillion cubic feet (tcf) of naturalgas.
The post Build Data Centers Faster by Combining Small Nukes with NaturalGas first appeared on Marcellus Drilling News. Every region of the country (particularly the Eastern Seaboard) struggles with how to meet the demand for more electricity.
Despite European politicians' efforts to reduce Russia's naturalgas dominance in national markets, the reality is quite the opposite. According to Reuters, Gazproms naturalgas pipeline supplies via Turkstream to Europe surged 10.3% in May 2025.
The European Union reduced its combined pipeline gas and LNG imports by 18% between 2021 and 2024, as consumption slumped by 20%, a gas flow tracking tool of the Institute for Energy Economics and Financial Analysis (IEEFA) showed on Wednesday. European energy-intensive
Many thought that green hydrogen would be a silver bullet for decarbonization, particularly in hard-to-abate industries. But the green hydrogen revolution has not yet materialized as the fuels production remains expensive and economically inefficient.
TG Natural Resources has agreed to buy 70% of Chevrons naturalgas assets in East Texas for $525 million, as the company indirectly owned by Japans Tokyo Gas and Castleton Commodities International expands its footprint in the Haynesville shale gas play.
For years, naturalgas has been hailed as a bridge fuel that will play a critical role in the transition to renewable energy and low-carbon fuels. Naturalgas is gaining further prominence in the current era of surging power demand growth: Last year, Morgan Stanley predicted that the U.S. naturalgas
billion contract to a Spanish-Egyptian joint venture to build a large-scale 3 gigawatts (GW) combined cycle gas-fired power plant in the Eastern Province of the Kingdom, the Egyptian contractor said on Monday. Saudi Arabia has awarded a $2.6-billion
For untold millions of those businesses, naturalgas is the difference between thriving and struggling to make a profit. The low cost of naturalgas has saved American commercial and industrial customers half a trillion dollars in the past decade. These savings can take many forms for small businesses.
European Union member states on Friday agreed to give more flexibility to the naturalgas storage goals by expanding the period in which countries should have 90% full storage ahead of the winter and could deviate by up to 10% from the filling target.
naturalgas production this year and […] The post Hundreds of New Gas-Fired Power Units Planned as U.S. Gas Output Soars appeared first on POWER Magazine. Energy Information Administration (EIA) published Dec. 10 shows five states accounted for more than 70% of record U.S.
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