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The company is cutting back on drill rigs and frack crews as it nears its long-term target of 1 million barrels of oil equivalent per day, which it expects to sustain through 2040. We’re going from growth to cash generation,” said Bruce Niemeyer, president of Chevron’s shale business. We’re already in the earliest phases…
Yesterday, Ascent published its 2024 Sustainability. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S.
Biogas doesn’t just offer a backup plan for tech companies seeking more power; it provides a blueprint for sustainability. This is energy that’s good for […] The post How Biogas Is Solving Data Centers’ Clean Energy Challenge appeared first on POWER Magazine.
The surge reflects sustained U.S. Iraq’s crude oil exports to the United States surged past 5 million barrels in May, marking Baghdad’s highest monthly volume to U.S. refiners so far this year, according to Iraqi News. As OPEC+ maintains voluntary output curbs and U.S. According to the latest monthly…
This latest investment push comes just days before Aramco is set to release its Q2 2025 results, which analysts expect will reflect a double-digit profit decline amid sustained oil price weakness. According to Upstream, the new Zuluf development phase involves at least five key packages covering offshore platforms, subsea infrastructure,…
As the backbone of modern energy systems, smart grids and digital substations promise efficiency and sustainability—but they also open the door to escalating cyberthreats. This article dives into a layered cybersecurity strategy that blends integrated vulnerability assessments, robust protocols, and defense-in-depth tactics.
The panelists also offered pragmatic insights on the challenges and opportunities along the route toward urban excellence, and learning as much from the mistakes of others as their successes, keeping sustainability and energy efficiency almost always in sharp focus. He met exhibitors, officials and visitors alike d uring his visit.
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. â McKinsey, March 21, 2023.
The deal is a further endorsement of the quality of our strategic approach, which combines economic and environmental sustainability in an integrated business model projected on the future of the energy sector,” Plenitude CEO Stefano Goberti said. Register to attend. billion (12 billion euros).
LuxConnect, a Luxembourg-based data center firm, has made sustainability one of its main goals. The post Luxembourg Group Seeks Sustainability in Powering Data Center Operations appeared first on POWER Magazine. The global buildout of data centers continues to put a spotlight on the energy needs of those facilities.
“We emphasize that ensuring accessible, timely and affordable climate finance for developing countries is critical for enabling just transitions pathways that combine climate action with sustainable development,” the group said in its statement. “We
Over four days, Gastech will convene 50,000 attendees from over 150 countries, 1,000 exhibitors and 21,000 expert speakers, present company included, uniting the world’s leading energy professionals to power the sustainable energy ecosystem of tomorrow. Looking forward to the deliberations, meeting thought leaders and friends.
grids are in urgent need of modernization and upgrade to sustain rising power demand that’s coming mostly from data centers. PJM Interconnection, whose area covers 13 mid-Atlantic and Midwest states and the District of Columbia, said that the alert does not require any action from customers. grid operator in two weeks.
Enverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers’ capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. energy producers and 40,000 suppliers.
“The location in Mecklenburg-Vorpommern was chosen not only for its strong solar radiation but also for the region’s openness and support for such a sustainable project” “Digitalization helps thousands of companies across the country save energy and become more sustainable.
It aims to enhance safety levels and improve the efficiency, security, and sustainability of the petroleum pipeline network for crude oil and petroleum product transportation and storage. The cooperation includes the implementation of an integrated project comprising three main phases.
The joint venture emphasizes deep, sustained collaboration with Indigenous communities, describing this approach as key to its success. “Congratulations to our partner LNG Canada on this monumental day,” said Haisla Nation Chief Councillor Crystal Smith. Proponents argue LNG can help Asia displace coal and cut emissions.
Commenting, OEUK Sustainability and Policy Director Mike Tholen said: “This investment in the offshore wind supply chain is a positive step and a clear signal of support for a growing industry at the heart of the UK’s net zero goals.
Principal contributor: Mickey Francis Biofuels Closing Bell Story Coal Crude Oil Featured Nuclear Sustainability coal EIA fossil fuels nuclear U.S. 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%.
CPP’s head of sustainable energies, Bill Rogers, noted the success of the investment and the strong returns it generated. billion (CA$36.3B) globally in the sustainable energy space. The sellers are Canada Pension Plan Investment Board (CPP Investments) and Encino Energy. The acquisition will be funded through a combination of $3.5
The panel explored the critical role of technologies such as the ones Applied Computing and its peers are marketing, as well as their potential to help reshape the future of energy, industry, and sustainability. The Oilholic was delighted to join the demo day of UK-based energy AI firm Applied Computing in London on Tuesday.
Last year, the EU adopted something called the Corporate Sustainability Due Diligence Directive with the purpose of ensuring that “companies in scope identify and address adverse human rights… Because the EU wants both LNG and strict emission reduction commitments from its producers. And they are not happy about it.
The collaboration agreement aims for a long-term and structured approach to securing a reliable gas supply for the state’s expanding domestic demand, while enabling sustainable industrial growth, according to Petronas. Image by daizuoxin via iStock Malaysia’s Petroliam Nasional Bhd. and Samsung Heavy Industries.
But they can stay competitive and succeed in this market context by rethinking their existing operating model around four key pillars: a fast and effective capex machine; a digital, resilient, and sustainable network; efficient operations with customer centricity; and multidimensional growth (Exhibit 2). 2 Based on expert interviews.
With our complementary expertise and shared vision, we are confident that Presidio will be a sustainable yield leader, well-positioned to be a preferred consolidator of producing oil and gas assets.”
This award further reinforces ADNOC Drilling’s leadership in high-tech oilfield services, combining next-generation equipment, artificial intelligence (AI) and real-time intelligence to deliver smarter, safer and more sustainable energy outcomes. It also provides further growth and upside in 2027 onwards beyond the current guidance.
While international attention has focused on Qatar’s massive North Field Expansion projects, Doha is progressing with major projects to sustain its roughly 20bn cfd output from its current facilities.
The findings: over 113,000 sheep grazed beneath solar panels on 129,000 acres in 2024—a scale that caught even the experts by surprise. This is a much larger market than previously understood—and it's accelerating quickly,” the report states. For solar developers, it’s a way to maintain vegetation without machinery or chemicals.
The strategic move marks EQT’s latest effort under its Transition Infrastructure strategy, which focuses on accelerating the energy transition through sustainable investments. In May 2025, Swedish private equity firm EQT AB (STO: EQT) entered into a definitive agreement to acquire a 54.1% The transaction price of €21.55
You might be considering a career shift toward sustainability and wondering if becoming a renewable energy consultant could be your path forward. Companies across all sectors are actively seeking ways to reduce energy costs while meeting sustainability goals. This growth translates into diverse career paths for aspiring consultants.
JP Morgan believes that a Strait of Hormuz closure would likely trigger a sustained oil price shock that will reverberate through global macro developments, the bank said in a note. It said that in the most extreme case of a broader regional conflagration that includes the closure of Hormuz, it estimates oil prices could surge [Read more]
At TotalEnergies, digital technology is a key enabler of our transformation toward a more sustainable and efficient energy future. This collaboration is also expected to support TotalEnergies’ commitment to delivering reliable and sustainable energy on a global scale.
Wood gained extensive knowledge of Habshan delivering the front-end engineering design and we will deliver the EPCM phase while the facilities remain fully operational in order to sustain critical gas supply.”
Commenting on the announcement, OEUK Sustainability and Policy Director Mike Tholen said: “We welcome the selection of Equinor and Gwynt Glas to deliver floating windfarms in the Celtic Sea. . It also enables access to deeper waters with stronger, more consistent wind and fewer conflicts with other sea users.
Presently, there is no sustained domestic production capable of meeting this demand. Hexium is driving the transition to cleaner, safer, and more sustainable energy solutions. Reliance on foreign sources poses U.S. energy security risks, as only ~700kgs have been produced domestically since 2023.
MMBtu—a direct consequence of sustained takeaway bottlenecks and pipeline constraints that are unlikely to ease until the second half of 2026. The basis differential to Henry Hub remains wide, with prompt Waha strip trading between –$2.00 MMBtu—and even Summer 2026 strip lingering around –$2.30/MMBtu—a MMBtu in Q3, and $3.70/MMBtu
It builds on the ongoing collaboration between the UAE and Germany, including the 2022 Energy Security and Industry Accelerator (ESIA) pact and the 2024 Joint Declaration with the state of Baden-Württemberg, both aimed at fostering energy security and sustainable fuel development.
For example, by stacking seven distinct technologies to produce synthetic sustainable aviation fuel, producers can receive a 15x premium over the commodity price of jet fuel,” said EIR Associate Amyra Mardhani. Price signals in the early 2020s led to overproduction, reversing momentum and lowering credit values.
Because RNG is renewable, it’s a sustainable resource that won’t run out. As a fully pipeline compatible fuel, RNG can be added to the existing energy system without significant overhauls to pipeline infrastructure or appliances. A natural gas stove fueled by RNG cooks as well as one fueled by natural gas from traditional geologic sources.
Overall, there is ample crude in the market and current price levels are unlikely to be sustained. Earlier this month, Brent crude futures touched $70 per barrel levels despite a suggested uptick in the amount of oil OPEC+ was bringing on to the market. Hence, the current decline in prices. As such lower prices may beckon.
They initially set out to boost their production by 137,000 barrels per day every month until September 2026, but only sustained that pace in April. Under the second strategy, the countries reduced their production by an additional 2.2 million barrels per day until the end of the first quarter.
Historical hits and misses Over the past 15 years, the sustainability landscape has evolved, with advances in knowledge and climate technology and changes in costs, policy, and regulation. 2 â Cloud-powered technologies for sustainability ,â McKinsey, November 9, 2023. Reducing carbon emissions often requires making choices.
These reforms mark an important step towards a more sustainable electricity market for the UK. Leading trade body Offshore Energies UK today responds to the government’s publication of its Review of Electricity Market Arrangements (REMA). OEUK’s Wind Insight 2025 report sets out its recommendations in full.
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