OilPrice

MAY 22, 2025

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.

IT 347

IT Oil 347

OilPrice

MARCH 15, 2025

Five years after an Exxon-led consortium produced the first oil offshore Guyana, the country is pumping more than 600,000 barrels per day (bpd) of crude and has become South Americas fifth-largest oil exporter. Guyana and ExxonMobil expect oil production to jump to 1.3 million bpd by 2030, which would double the current output volumes.

Oil 363

Oil IT Crude Oil Offshore 363

OilPrice

MAY 29, 2025

Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. Currently, Galp holds stakes in various oilfields in the deep waters of the Santos basin in the prolific pre-salt layer offshore Brazil.

Field 285

Field IT Upstream Basin 285

OilPrice

JUNE 4, 2025

State-run oil giant PetroChina will shut the last remaining crude processing unit at its biggest refinery in northern China within weeks, industry sources told Reuters on Wednesday. Dalian Petrochemical, PetroChinas 410,000-barrels-per-day refinery in downtown Dalian, north China, has been shutting processing units since the end of 2023.

Refinery 256

Refinery IT Barrel Oil 256

OilPrice

JUNE 9, 2025

Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin. Tullow Oil and its minority partners sought to develop the South Lokichar project…

Crude Oil 336

Crude Oil Oil Basin Petroleum 336

OilPrice

JUNE 7, 2025

In the coming years, the global demand for copper is expected to increase significantly as it is used more widely for renewable energy projects and transmission. The Australian mining major BHP expects the demand for copper to grow by around 70 percent, to 50 million tonnes, by 2050, as it is used more widely for a range of applications.

Energy 314

Energy Energy IT 314

OilPrice

JUNE 9, 2025

(NYSE: NOVA) has filed for bankruptcy protection under Chapter 11 amid continued struggles to continue doing business as sales weaken and debts grow. Sunnova warned investors earlier this year that there was a “substantial doubt” about its ability to continue as a going concern.

Operator 293

Operator IT Energy Energy 293

OilPrice

JUNE 12, 2025

JP Morgan is sticking to its base-case oil price forecast for 2025, projecting Brent crude will trade in the low-to-mid $60s, despite a sharp escalation in geopolitical tensions involving Iran, the U.S., and potentially Israel.

Oil 363

Oil Casing Barrel IT 363

OilPrice

JUNE 10, 2025

Texas is pumping natural gas out of the ground and exporting it at a record pace. It may only be the start of another energy boom for the Lone Star State because natural gas demand is growing both globally and at home. Texas produced 34.1

Natural Gas 294

Natural Gas Gas Oil IT 294

OilPrice

JUNE 11, 2025

Iran is making “good progress” on its first concerted oil drilling operation in the Caspian Sea in 30 years, a senior energy source who works closely with the Islamic Republic’s Petroleum Ministry exclusively told OilPrice.com over the weekend. Official estimates are that this…

Petroleum 347

Petroleum Operator Oil IT 347

OilPrice

JUNE 8, 2025

The 411,000 barrels daily that OPEC+ said it would add to oil production in May have not materialized, commodity analysts from Morgan Stanley said. Notably, it does not appear that production in Saudi Arabia has ramped up significantly,” the note also said. The data Morgan Stanley used to see…

Barrel 314

Barrel Oil IT 314

OilPrice

JUNE 13, 2025

Israel has ordered the shutdown of its massive Leviathan gas field, cutting off a critical supply line to Egypt just as regional tensions with Iran erupt into open conflict. Chevron, the operator of Leviathan, confirmed the halt on Friday after Israel’s Energy Ministry issued the order, citing escalating security threats.

Field 297

Field Shutdown Gas Pipeline 297

OilPrice

JUNE 13, 2025

Pakistan’s state-owned Oil & Gas Development Company Limited (OGDCL) has hit a new reservoir of oil and gas at its Faakir-1 wildcat well—an onshore discovery in Sindh province that could help reverse the country’s deepening energy crisis. Drilled to a depth of 4,185 meters, the well tested at 6.4

Gas 326

Gas Oil Condensate Barrel 326

OilPrice

JUNE 10, 2025

US petrochemical producers may have found themselves on the front line of global trade wars, BNEF reports, with China’s dependence on the US for feedstocks (see "Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates") blunting the impact of its dominations of exports of rare earth metals. billion.

Barrel 351

Barrel Energy Energy IT 351

OilPrice

JUNE 9, 2025

Despite the lowest coal prices in Asia in four years, India’s coal power generation dipped in May to the lowest since the Covid lockdowns of 2020, as a lack of heatwaves and soaring renewable energy installations and generation pushed down coal demand in the electricity sector. Natural gas-fired generation and its share in the…

Natural Gas 268

Natural Gas Gas IT Energy 268

OilPrice

JUNE 12, 2025

The UK’s grid operator has seen its balancing costs jump as more wind farms in Scotland are being paid not to produce electricity to not overburden the constrained network in the region.

Operator 322

Operator Energy Energy IT 322

OilPrice

JUNE 9, 2025

Companies in various industries are removing climate change and net zero language from their reports, the Wall Street Journal reported this month, lamenting the fact that corporates were “watering down” their commitments in the area. It may be temporary—or it may be the natural thing. The WSJ…

IT 312

IT 312

OilPrice

JUNE 10, 2025

Saudi Arabia is getting ready to engage in a protracted oil price war with its rivals, Bank of America’s leading commodities expert told Bloomberg on Monday. shale producers.

Oil 329

Oil IT 329

OilPrice

JUNE 10, 2025

A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m for 2024, having posted a pre-tax loss of $14.9m to $537.3m

Offshore 242

Offshore Energy Energy IT 242

OilPrice

JUNE 6, 2025

Venezuela hasn’t waited long to replace Western service providers in its oil industry after the U.S. sanctions, and has signed at least nine agreements with foreign firms, including from China, sources with knowledge of the deals told Bloomberg. Under the U.S.

Oil 290

Oil Crude Oil Operator IT 290

POWER Magazine

APRIL 9, 2025

Colorado-based wholesale public power provider Platte River Power Authority announced it is working with Weld Energy Storage, a subsidiary of NextEra Energy Resources, to develop the electric utility's first large-scale battery energy storage project.

Utilities 296

Utilities Energy Energy IT 296

OilPrice

JUNE 8, 2025

Energy Generation by Source, 1950–2024 As seen in the video above, natural gas has experienced the most significant growth—rising from just 6.2 quadrillion BTUs in 1950 to 39.2 in 2024—making it the leading energy source in recent years, surpassing both coal and oil. Coal use peaked between 2000 and 2005 but has since…

Energy 259

Energy Energy Natural Gas Oil 259

OilPrice

JUNE 7, 2025

Via Metal Miner The Rare Earths MMI (Monthly Metals Index) found more price stability month-over-month. As a result, it moved sideways, with only a 0.81% increase. Despite this, the short-term outlook for rare earths remains uncertain. Chinese export restrictions jolted prices in H1 of 2025 and fractured long-running supply lines.

IT 332

IT 332

OilPrice

JUNE 8, 2025

China earlier this year introduced restrictions on its exports of rare earths. The move marked a new stage in the US- China trade spat, when the two sides no longer tried to out-tariff each other but took to more concrete steps. The problem is, the restrictions don’t just apply to U.S.

IT 299

IT 299

POWER Magazine

MARCH 14, 2025

An India-based company said it has started commercial operation of a 1,200-MW natural gas-fired power plant in Malaysia, part of a buildout of power generation capacity as that country's population grows and its economy expands. The post GE Vernova Turbines Powering New 1.2-GW GW Gas-Fired Plant in Malaysia appeared first on POWER Magazine.

Gas 252

Gas Natural Gas Operator IT 252

POWER Magazine

MARCH 7, 2025

Dominion Energy has asked Virginia officials to approve its request to build a new 1-GW natural gas-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.

Gas 303

Gas Natural Gas Energy Energy 303

OilPrice

JUNE 6, 2025

Artificial intelligence is all over the media—and so is its energy consumption, which is spurring something of a new tech race. That race, however, besides innovation, includes some simpler moves, such as a return to a kind of power generator that had been consigned to history.

Energy 197

Energy Energy Gas IT 197

OilPrice

JUNE 6, 2025

Treasury Department has unleashed a sweeping wave of sanctions targeting a sprawling network of companies and individuals accused of facilitating Iranian oil and petrochemical exports in violation of existing sanctions. At the center of the designations is Nasser Zarrin Ghalam and Partners Company, based in Tehran, which U.S.

Oil 247

Oil Energy Energy IT 247

Malcolm Graham Wood

JUNE 10, 2025

Oil continues to rise gently as US/Sino talks continue.Today Pharos announces that it has received an extension to its block 125/126 in Vietnam and Tower hires a rig for Thali. Yesterday Prospex announced that the workover rig at Viura was repairing the damaged completion tubing. The post Oil price, Pharos, Tower, Prospex.

Workover 195

Workover Oil Completion IT 195

OilPrice

JUNE 9, 2025

Amazon Web Services (AWS) is doubling down on its AI ambitions with a $20-billion expansion plan to build two new data center campuses in Pennsylvania—including one directly adjacent to a major nuclear power plant, Reuters reports. to date, according to Reuters.

Energy 208

Energy Energy IT 208

POWER Magazine

APRIL 1, 2025

The last operating large coal-fired power plant in Finland has shut down, with the facility’s operator saying it now will use electricity, waste heat, and heat pumpsalong with burning biomassto […] The post Finland Ending Use of Coal as Last Utility-Scale Plant Shuts Down appeared first on POWER Magazine.

Utilities 261

Utilities Operator IT Energy 261

POWER Magazine

APRIL 13, 2025

A company working to mass produce portable nuclear microreactors said its has accepted its selection by the U.S. of Energy (DOE) to receive high-assay low-enriched uranium (HALEU) fuel for the first test of Kaleidos, the group's reactor design.

IT 196

IT Energy Energy 196

POWER Magazine

APRIL 9, 2025

In a critical step aimed at bolstering advanced reactor development and their domestic nuclear fuel readiness, the U.S. Department of Energy (DOE) has issued its first round of allocations for […] The post DOE Allocates First Round of HALEU to Five U.S. Advanced Nuclear Reactor Developers appeared first on POWER Magazine.

Energy 258

Energy Energy IT 258

Marcellus Drilling News

JUNE 9, 2025

The Center for Energy & Environmental Analysis (CEEA) claims it is a “non-partisan think tank” that studies energy and environmental trends and their impact on the future. Attached to the University of Texas at Austin, the CEEA is actually very partisan (Democrat) and anti-fossil fuel. However, the CEEA has done us all a favor.

BCF 264

BCF Pipeline Energy Energy 264

POWER Magazine

APRIL 20, 2025

Hidrogenii, a joint venture between Plug Power and Olin Corp., said it has commissioned a 15 metric-ton-per-day (TPD) hydrogen liquefaction plant in St. Gabriel, Louisiana. Plug Power on April 17 said the facility is among the largest electrolytic hydrogen liquefaction plants in North America.

IT 246

IT 246

OilPrice

JUNE 6, 2025

Traders responded to unplanned supply disruptions in Canada, measured output policies from OPEC+, and escalating geopolitical tensions, while contending with uncertain demand signals and trade-related optimism.

Oil 231

Oil Crude Oil Barrel IT 231

Marcellus Drilling News

JUNE 10, 2025

In early April, MDN brought you the exciting news that pipeline giant Williams, via its subsidiary, Will-Power, is planning to build two Utica/Marcellus gas-fired power plants in the New Albany International Business Park in Licking County, Ohio (see Williams Subsidiary Unveils Plans for Gas-Fired Power Plant in Ohio).

Gas 244

Gas Pipeline IT Energy 244