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The worlds biggest oil and gas firms are embracing AI and related technology to maximize savings, optimize operations, and boost earnings. Digitalization is not new to the energy sectoroil producers and utilities have been using and perfecting it for years.
Talen Energy has reached an agreement with PJM Interconnection, the Maryland Public Service Commission, Maryland electric utilities, consumer representatives, and the Sierra Club to extend operations at its 1.3-GW
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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.
Seaboard Energy, a company that specializes in alternative energy sources, has chosen Haldor Topsoe’s HydroFlex renewable fuel technology to produce renewable diesel from tallow and soybean oil. The post Seaboard Energy Utilizing Topsoe Tech to Produce Renewable Diesel appeared first on NGT News.
April 9, 2025 Subscribe now IN DETAIL US crude oil inventories rose by 2.553 mb to 442.3 The EIA estimated US oil demand at 19.481 mb/d, down 0.641 mb/d from the prior week. Refinery utilization rose from 86% to 86.7%, with gross crude inputs increasing from 15.689 mb/d to 15.912 mb/d. mb last week, per the EIA (Figure 1).
(Oil Price) –Texas-based utility Vistra Energy has struck a $1.9-billion Earlier this week, another Texas power utility also struck a deal to acquire gas-powered generation capacity. billion deal for the acquisition of close to 2.6 spanning 13 states serviced by transmission company PJM Interconnection, Reuters reported.
June 4, 2025 Share Subscribe now EOA’s Main Takeaway Last week's data gives a sense of normalcy: It generally followed historical trends, with higher refinery utilization reducing crude inventories and increasing product inventories. Imports and exports changes were minimal. Crude inputs into refineries was the highest in almost a year.
Look at [link] and see what utilities, consultants and companies are doing hydrogen pilots. Great question. Various scopes and scale will help some prepare for future opportunities with an abundant natural resource.
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity. billion cubic meters (473.22
Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Inpex Granted Production Concession for UAE Block by Rocky Teodoro | Rigzone Staff | Thursday, June 19, 2025 | 8:56 AM EST The Japanese energy firm has been conducting exploration and evaluation activities in the block since 2018.
Elliott is demanding higher shareholder returns from another major European energy companythe activist investor wants more share repurchases from RWE after disclosing on Monday that it now holds nearly 5% of Germanys top utility. Elliott Management is pushing for changes at BP after amassing close to 5% in the UK-based oil and gas supermajor.
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Prime Minister Mostafa Madbouli held a meeting on Friday afternoon to review the government’s plan to secure the country’s needs of oil and natural gas following the Israeli military operation in Iran. The post Madbouli Heads Meeting to Ensure Adequate Oil and Gas Supply first appeared on Egypt Oil & Gas.
January 15, 2025 EOA’s Main Takeaway All major variables followed historical trends: crude, gasoline, distillate, Cushing, demand, refinery utilization, import, and exports. What stands out is the sharp increase in gasoline inventories in the last nine weeks. It was the largest increase since early 2020.
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment.
Eight core principles can help companies in the energy, oil and gas, basic materials, and utilities sectors achieve successful digital transformations.
By utilizing open, standards-based APIs such as NETCONF, RESTCONF, and gNMI, network administrators can efficiently provision and configure devices, minimizing manual errors. Cisco IOS XE offers advanced programmability and automation capabilities that simplify network management and reduce complexity.
How Energy & Transportation industries like EV, Oil & Gas, and Utilities & Grid industries impact the environment, their challenges, their roles in sustainability, and why they should collaborate or shift to the EV industry. Through.
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector. Click above to give it a shot!
Why are Oil & Gas companies acquiring renewable energy assets - both development platforms and project portfolios? Kim, Founder & CEO of ibV Energy Partners, a leading utility-scale solar + storage. Kim, Founder & CEO of ibV Energy Partners, a leading utility-scale solar + storage. We talk with Timothy C.
Andrew McMurray, CEO of ShearFRAC, said, “Enverus was the obvious choice for us as a technology service business in the oil field services space. Collectively, these organizations represent: 60% of North American crude oil production 56% of natural gas production $12.1 Learn more at Enverus.com.
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector. Click above to give it a shot!
World Oil) –Eni has signed an agreement with Global Infrastructure Partners (GIP), a global infrastructure investor and a part of BlackRock, for exclusive talks to potentially sell 49.99% in its carbon capture, utilization and storage (CCUS) business. Register to attend.
orders utilities to spend less ratepayer money on natural gas pipelines; New Plaquemines LNG terminal hit record highs on feedgas demand; NATIONAL: US shale to plateau if oil stays in current. MARCELLUS/UTICA REGION: Expand Energy donates $20,000 to Wetzel County emergency services; OTHER U.S.
Public Utility Commission of Texas approved a plan to build the first extra high voltage transmission lines in ERCOT to help meet the rapidly growing power needs in Permian Basin. The post Public Utility Commission approves first extra high voltage lines in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.
Where the Pipe Runs: Counties & Context This new loop stretches across Loving, Pecos, Reeves, Ward, and Winkler Counties —the beating heart of West Texas’s oil and gas production corridor. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St. gas markets.
The permit included all required components: Cover Letter PS-8000 Documentation Non-Utility Certification GIS Shapefiles and Route Maps “This acquisition enhances our ability to serve producers in North Texas with reliable gas gathering and transmission infrastructure,” said a regulatory filing official at WBI.
A Production Engineer in the oil and gas industry plays a critical role in managing and optimizing the production of hydrocarbons from oil and gas reservoirs. Data Analysis and Technology Utilization: Utilizing data analytics and advanced technologies to improve production efficiency and optimize operations.
They target pollution from the oil and gas industry to meet decarbonization goals. Government officials are creating sustainability regulations, which target greenhouse gas emissions. Countries are using alternative fuel sources to decrease their fossil fuel reliance.
AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.
(Oil Price) –Canadas pipeline giant Enbridge Inc. Enbridge operates the Mainline system, moving more than 3 million barrels a day of crude oil and liquids from Western Canada to the demand markets in the United States. The company booked adjusted earnings of US$1.58 billion (C$2.2
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