POWER Magazine
MAY 16, 2025
New transmission lines will help meet power needs this summer. Con Edison will energize newly constructed transmission lines in Brooklyn and Staten Island this month, helping to keep service reliable […] The post Con Edison Investing in Major Reliability Projects Serving Customers in Brooklyn and Staten Island appeared first on POWER Magazine.
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. Saudi Arabia, Iraq, the United Arab Emirates (UAE), Kuwait, and Iran are some of the worlds leading petrostates.
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Marcellus Drilling News
MAY 21, 2025
The oil and gas industry is large and complex, including how companies raise money to drill new wells. One of the ways companies get financing to drill is via partners that invest but don’t take an active role. It’s called being a non-operated (non-op) owner or partner.
Cisco: Oil & Gas
MAY 16, 2025
Cisco IOS XE offers advanced programmability and automation capabilities that simplify network management and reduce complexity. By utilizing open, standards-based APIs such as NETCONF, RESTCONF, and gNMI, network administrators can efficiently provision and configure devices, minimizing manual errors.
Energy Voice
MAY 6, 2025
Geg Quinn calls for a sensible debate on the UK's journey to net zero that avoids the 'extremist' views from both sides.
POWER Magazine
MAY 1, 2025
The U.S. stands at a critical juncture. Were experiencing electric load growth for the first time in decades, as fierce global competition reshapes the energy landscape. Nuclear power, both the […] The post The Next Five Years Will Define U.S. Nuclears Fate appeared first on POWER Magazine.
OilPrice
MAY 23, 2025
U.S. refining giant Phillips 66, which will close its LA refinery later this year, will lay off in December most of the workers at the plant, Reuters reports, citing sources with knowledge of the plans. Last October, Phillips 66 said it would shut down its refinery in the Los Angeles area in the fourth quarter of 2025, due to market dynamics. Approximately 600 employees and 300 contractors currently operate the Los Angeles-area refinery, Phillips 66 said when it announced the closure.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
MAY 16, 2025
The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes published on Friday, following a 6-rig decrease last week. The total rig count in the US fell by 6 to 578 rigs, according to Baker Hughes, down 25 from this same time last year. The number of oil rigs fell by 1 to 473 after falling by 5 during the previous weekand down by 24 compared to this time last year.
OilPrice
MAY 19, 2025
Germany, which has been opposing for years EU attempts to treat nuclear power as a green electricity source on par with renewable energy, has dropped this opposition under new chancellor Friedrich Merz, which could make EU energy policy much easier to adopt. Germany under former chancellor Olaf Scholz was opposing treating nuclear on an equal footing as solar and wind in the EUs goals and policy to achieve net-zero by 2050.
OilPrice
MAY 21, 2025
Russias top oil producer, state-controlled Rosneft, has acquired the company that holds the license to operate and develop a giant rare earths deposit in Siberia, the largest such reserve in Russia and one of the worlds biggest. Rosneft has taken over control of Vostok Engineering, the company which holds the license for the Tomtor rare earth metals deposit in Yakutia, the Russian national companies registry showed on Wednesday.
OilPrice
MAY 13, 2025
The Permian Basin has been the star of the U.S. shale oil and gas industry for years. But this star is, at least for the time being, dimming as production costs rise with the natural depletion of top-quality acreage. But there is another formation that could take up the torch from the Permian. And its in Canada. The Montney Formation in Western Canada spans Alberta and British Columbia is one of the largest natural gas deposits on the continent.
OilPrice
MAY 23, 2025
Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led Tengiz field, Kazakhstans Energy Minister Erlan Akkenzhenov said on Friday, in yet another snub at OPEC+ quotas. Earlier this year, Kazakhstans energy ministry said that the country plans to produce a total of 96.2 million tons of crude oil and condensate in 2025, or about 2 million barrels per day (bpd), which would be 9.7% higher compared to 2024.
OilPrice
MAY 22, 2025
Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. Per an AFP report, the deal will also involve the construction of a petrochemicals facility and a fertilizer plant. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.
OilPrice
MAY 14, 2025
For decades, recycling plastic has been a losing game too slow, too expensive, and too limited in scope. Most methods rely on high-heat extrusion and mechanical separation, degrading the material each cycle until its useless. The result? Over 90% of global plastic waste still ends up in landfills or incinerators, despite widespread collection efforts and consumer demand for sustainability.That cycle may have just ended.
OilPrice
MAY 12, 2025
Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price war of 2015-2016 (see OPECs Trillion Dollar Miscalculation), the kingdom has decided to boost oil production in a market that is already adequately supplied. The goal is to reclaim lost market share from non-OPEC producers and send a clear message to fellow OPEC members who havent been sticking to the script.
OilPrice
MAY 18, 2025
Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026. The bank, however, maintained its oil price forecast at $60 per barrel of Brent crude and $56 per barrel of West Texas Intermediate for this year, Reuters reported, citing a new note.
OilPrice
MAY 20, 2025
The biggest international oil firms used the first-quarter earnings calls to reassure investors that Big Oil is in a business as usual mode at oil prices at $60 per barrel. As ExxonMobil, Chevron, Shell, BP, and TotalEnergies reported their Q1 earnings and provided guidance for the second quarter and the rest of the year, oil prices were ending one of the worst months in years, in which oil sank to its lowest level since 2021.
OilPrice
MAY 21, 2025
One of the most difficult sectors to decarbonise is freight, and yet its one of the industries we most rely on in the modern world. While several countries are making leaps and bounds in terms of renewable energy production, little progress has been seen in decarbonising hard-to-abate sectors, despite the introduction of several national policies and international targets.
OilPrice
MAY 23, 2025
While the federal government of Iraq welcomes cooperation with U.S. energy firms, Baghdad noted on Friday that direct deals with the semi-autonomous Kurdistan region violate the Iraqi constitution and need to go through the federal authorities with federal approval. Earlier this week, the Kurdistan Regional Government (KRG) in northern Iraq formalized two major energy agreements with U.S. firms HKN Energy and WesternZagros in Washington, D.C.
OilPrice
MAY 5, 2025
For the first time in history, fossil fuels supplied less than half of the United States electricity generation for an entire month, according tonew data releasedby energy think tank Ember. This milestone, achieved in March 2025, represents a turning point in the evolving energy mix of the worlds largest economy. Historically, fossil fuelsprimarily coal and natural gashave dominated U.S. electricity production.
OilPrice
MAY 5, 2025
U.S. crude oil supply will rise more slowly than expected for the rest of 2025 and in 2026 and peak as early as this year, as WTI benchmark prices below $60 per barrel are testing the breakeven point of shale production, energy flows intelligence firm Kpler said on Monday. Oil prices have slipped by more than 15% since the beginning of April as the market fears recessions from the U.S. tariffs and oversupply from the aggressive production hikes from OPEC+.
OilPrice
MAY 1, 2025
Just one week ago, China seemingly couldn't get enough of gold, and the price of spot briefly touched a record $3500 as a result of, among other things, staggering inflows into Chinese gold ETFs such as the Huaan Yifu, Bosera and Guotai gold ETFs. But, as with all things momentum-based in China, it's easy come, easy go in the land of Dragons, and as Goldman commodity trader Adam Gillard writes, China liquidated what it bought last week ahead of the Labor Day holiday, resulting in total onshore p
OilPrice
MAY 14, 2025
All the countries in the OPEC+ pact saw their combined crude oil production drop by 106,000 barrels per day (bpd) in April compared to March, despite the pledge of the eight OPEC+ producers who are withholding supply to begin easing their cuts. OPEC+ producers Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman have decided to begin raising production in April, for the first time since 2022.
OilPrice
MAY 5, 2025
The multi-layered strategic importance of Syria to Russia was underlined in 2011 when President Vladimir Putin ordered his military to intervene to counter the popular uprising that threatened to depose then-President Bashar al-Assad at that time. A sustained and dramatic escalation of its armed forces there, working closely with Iraqs key local sponsor Iran, ensured that Russia continued to benefit from the strategic advantages Syria offered it until the U.S.- and U.K.
OilPrice
MAY 20, 2025
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose again, this time by 2.499 million barrels in the week ending May 16 after analysts had estimated a 1.85-million-barrel draw. The API reported a 4.287 million barrel inventory increase in the prior week. So far this year, crude oil inventories are up more than 25 million barrels, according to Oilprice calculations of API data.
OilPrice
MAY 3, 2025
Crude oil markets took a fresh hit this weekend after OPEC+ stunned traders by announcing a larger-than-expected output increase for June. In a virtual meeting on Saturday, key producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled. The move follows a similar surge announced for May and signals a sharp reversal from OPEC+ efforts to defend oil prices.
OilPrice
MAY 19, 2025
The Kurdistan Regional Government (KRG) in northern Iraq has formalized two major energy agreements with U.S. firms HKN Energy and WesternZagros in Washington, D.C., Kurdish media reported on Monday, in deals valued at a combined $110 billion, despite a legal showdown with the federal government of Iraq over control of the countrys oil exports.
OilPrice
MAY 11, 2025
Saudi Arabia is driving a faster-than-planned oil production ramp-up among the eight OPEC+ members that were keeping a cap on their output. Saudi Arabia is also raising its oil prices for Asian buyers amid falling benchmarks. This has confused some, even though the moves point in the same direction, of stronger demand down the road. Yet this stronger demand wont help the Saudis avoid some fiscal pain.
OilPrice
MAY 15, 2025
The term peak oil has sparked debate for decades, fueling speculation and more than a few forecasts of doomsday scenarios. But for all the noise, it remains a largely misunderstood concept. Thats unfortunate, because peak oilboth in theory and in practicestill carries serious implications for the global economy and energy markets. The phrase was very popular 20 years ago but then faded when the shale revolution gathered steam.
POWER Magazine
MAY 8, 2025
On April 28, 2025, at 12:33 p.m. local time, a significant blackout affected the entire Iberian Peninsula, plunging Spain and Portugal into darkness. During a webcast on May 6, Sean […] The post Understanding the April 2025 Iberian Peninsula Blackout: Early Analysis and Lessons Learned appeared first on POWER Magazine.
OilPrice
MAY 15, 2025
In a significant escalation of the longstanding territorial dispute over the oil-rich Essequibo region made famous by a string of ExxonMobil discoveries, the Guyana Defence Force (GDF) said on Thursday that its troops were attacked by armed individuals in civilian clothing from the Venezuelan side of the Cuyuni River, the Guardian reported. According to the GDF, three separate attacks occurred within a 24-hour period along a stretch of the river.
OilPrice
MAY 21, 2025
India is on track to import nearly 1.8 million barrels per day (bpd) of crude oil from Russia in May, which would be a 10-month high, according to vessel-tracking data by Kpler. Indian refiners have increased buying activity for lighter Russian grades, such as ESPO, showed the Kpler data cited by Reuters. The strong Indian imports of ESPO crude are set to continue in June and July as refiners have booked more than 10 cargoes of the grade loading in June, traders told Reuters.
OilPrice
MAY 16, 2025
The Ontario government has green-lit Ontario Power Generation to build the first of four Small Modular Reactors (SMRs) at the Darlington New Nuclear Project site. OPG says it will be the first commercial grid-scale SMR in North America, with an in-service target date of 2030, and the first new nuclear build in Ontario in more than three decades. Ontario government support for the CAD$20.9 billion project came after OPG received a Licence to Constructin April from the Canadian Nuclear Safety Comm
OilPrice
MAY 6, 2025
Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPECs surprise weekend announcement to boost production quotas by more than expected. WTI surged more than 4% on the day, trading above $59, while Brent gained 3.7%, reaching well above $62. The bounce comes after a bruising April that saw prices crater under the weight of U.S. tariffs and OPEC+ confusion.
OilPrice
MAY 12, 2025
Kazakhstan's oil exports via the Caspian Pipeline Consortium (CPC) are poised for a significant decline in May, with daily shipments of CPC Blend crude from Russia's Black Sea port of Novorossiysk expected to drop to approximately 1.5 million barrels per day (bpd), down from 1.6 million bpd in April, according to industry sources cited by Reuters. The CPC pipeline, the main mechanism for Kazakhstan's oil exports, has faced multiple disruptions in recent months, with geopolitics driving the dynam
OilPrice
MAY 15, 2025
Japans biggest oil refiners are following the latest trend among Big Oil to return to focus on fossil fuel supply. The top oil refiners in Japan have recently announced lower investments in low-carbon fuels, including ammonia and hydrogen, amid slower uptake and higher costs of green energy solutions, Reuters reports, citing company executives.
OilPrice
MAY 8, 2025
Germanys wind and solar power output has slumped to the lowest in ten years since the start of the year, at just 80 TWh over the first four months of 2025, data from climate think tank Ember has shown. As a result, Europes biggest economy has ramped up gas and coal generation by 10% from a year ago, with the share of hydrocarbons in its energy mix rising to the highest in seven years.
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