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(World Oil) – The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates (large and small), according to a new analysis by S&P Global Commodity Insights.
France’s solar power generation hit a new record this week, sending intraday electricity prices into negative territory for several hours—a stark reminder of the volatility created by rapid swings in renewable output. At 2 p.m. Thursday, French solar output surged to 19.5 gigawatts, meeting nearly 40% of national demand, according to grid operator RTE.
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. Energy demand in the United States is projected to grow roughly ten times as fast in the coming decade as it did over the past ten years.
China has started construction of what would be the world’s largest hydropower dam. Chinese Premier Li Qiang on July 19 led a ceremony marking groundbreaking for the Motuo Hydropower Station, a project with an estimated cost of $167 billion that could generate as much as three times the electricity of the 22.5-GW Three Gorges project. […] The post China Breaks Ground for World’s Largest Hydropower Station appeared first on POWER Magazine.
Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will…
Mach Natural Resources has signed two definitive agreements totaling $1.3 billion , marking a major strategic move beyond its traditionally Oklahoma-focused operations. These acquisitions will give the Anadarko Basin-centered independent producer its first significant footholds in the Permian and San Juan basins, through the purchase of assets from Sabinal Energy and entities managed by IKAV Energy.
EVOLVE 2025 brought together leading voices across energy trading, analytics and clean fuels to unpack today’s most pressing market dynamics. From evolving benchmarks to retail analytics, one thing rang loud and clear: adaptation isn’t optional, it’s strategic. We attended four of the most impactful sessions and distilled the must-know insights for traders navigating a market shaped by geopolitical shocks, credit risk, benchmark shifts and clean energy disruption.
PetroChina has quietly approved a multi-billion-dollar refinery and petrochemical complex in northeast China’s Dalian, marking a strategic shift amid declining fuel demand and growing petrochemical appetite. The final investment decision has been made, according to multiple sources, but it has not yet been formally announced. The new facility, to be built on Changxing Island, will feature a 200,000 bpd crude refinery and a 1.4 million ton-per-year ethylene unit, alongside polyethylene, polypropy
PetroChina has quietly approved a multi-billion-dollar refinery and petrochemical complex in northeast China’s Dalian, marking a strategic shift amid declining fuel demand and growing petrochemical appetite. The final investment decision has been made, according to multiple sources, but it has not yet been formally announced. The new facility, to be built on Changxing Island, will feature a 200,000 bpd crude refinery and a 1.4 million ton-per-year ethylene unit, alongside polyethylene, polypropy
AGA Newsroom True Blue Blog Where energy conversations come to life. America’s natural gas utilities are working alongside state governments and businesses to deliver more energy to consumers, support manufacturing, and ensure reliable energy for data centers across the country. The natural gas industry is a driving force fueling the economy of the future and is leading the way within the energy sector for the speedy delivery of adequate and affordable fuel to facilities that are being built tod
Recurrent Energy, a subsidiary of Canadian Solar, and a global developer, owner, and operator of solar and energy storage assets, on July 7 announced that the 1,200-MWh Papago Storage facility in Maricopa County, Arizona, has reached commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), the state’s largest electric utility, […] The post Recurrent Energy Brings Major Arizona Energy Storage Project Online appeared first on POWER Magazine.
Skip to main content Rethinking the future: A new operating model for gas distributor success July 31, 2025 | Article Alessandro Agosta   Humayun Tai Beatrice Enrico A new target operating model is crucial if gas distribution system operators are to capture the opportunities presented by changing market forces. Gas distribution system operators (DSOs) have historically played a key role in economic development, contributing to both industrial growth and improved quality of life for households
India’s Oil and Natural Gas Corporation (ONGC), BP Exploration (Alpha), and Reliance Industries (RIL) have signed a joint operating agreement (JOA) to explore offshore…
(World Oil) – TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production. The two subsea tie-back projects will deliver additional production leveraging available capacity on existing FPSOs, TotalEnergies stated, citing added benefits of low marginal costs and low carbon intensities.
The world needs $18.2 trillion in oil and gas investments through 2050 to ensure energy supply by the middle of the century, OPEC Secretary General Haitham Al Ghais has told Energy Connects in an exclusive interview. Oil demand is set to continue rising through 2050, with consumption expected at 123 million barrels per day (bpd) then, up from about 104 million bpd this year, according to OPEC’s annual World Oil Outlook (WOO) released last week.
Natural gas is one of the world’s most important energy resources—cleaner-burning than coal and oil, and a reliable source of heat, electricity, and industrial power. But where does it actually come from? Let’s explore where natural gas is found, both on a global scale and right here in the U.S. Global Reserves: The Big Picture Natural gas is formed deep beneath the earth’s surface over millions of years, as organic material is exposed to heat and pressure.
Capacity prices in PJM Interconnection’s latest auction spiked to the market’s price ceiling, hitting $329.17/MW-day across the board for the 2026/2027 delivery year—the maximum allowed under new Federal Energy Regulatory Commission (FERC) rules. The regional transmission organization’s (RTO’s) competitive Base Residual Auction (BRA), conducted on July 9, 2025, and released on July 22, secured 134,311 […] The post PJM’s Record-High Capacity Prices Spark Sector Reckoning as Market Signals,
Iberdrola y Masdar invertirán 5,200 MDE para construir el parque eólico marino East Anglia THREE, el cual será uno de los dos más grandes del mundo en cuanto entre en operación el cuarto trimestre de 2026 La empresa energética, Iberdrola y el grupo de renovables de Abu Dhabi, Masdar , han acordado invertir juntos 5 mil 200 millones de euros (más de 6 mil mdd) en el parque eólico marino East Anglia THREE , el cual tendrá con una capacidad de 1.400 MW , y proporcionará energía limpia a 1.3 millone
Skip to main content The Iberian green industrial opportunity: Carbon capture and storage July 10, 2025 | Article Carbon capture and storage could play a critical role in decarbonizing hard-to-abate industries in the Iberian Peninsula. As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. Renewable energy sources are rapidly expanding and driving the decarbonization effort, yet certain industries, particularly those with hard-to-abate (HtA) emi
The U.S. Nuclear Regulatory Commission on Thursday granted multiple licensing and regulatory approvals necessary for the 800-MW Palisades nuclear plant in Michigan to restart operations later this year. Palisades is now authorized to receive new fuel and formally transition licensed reactor operators to on-shift status, Holtec International said in a statement.
(World Oil) – Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5% expansion this year, the IEA said in its quarterly gas market report.
The past few years have brought decades worth of change to electric utilities. An increasing fraction of supply is coming from intermittent sources like solar and wind. Energy storage technology has become economically viable and has seen widespread deployment. And the industry as a whole is grappling with what seems like insatiable new demand from […] The post At a Time of Accelerating Change, Utilities Need to Build Flexibility into Their Strategy for Load Growth appeared first on POWER
The One Big Beautiful Bill Act (OBBBA) has changed the game for renewable energy developers. With fewer subsidies to fall back on, developers are being pushed to rethink where and how they build projects. It’s no longer about chasing tax credits, it’s about finding the projects that can stand on their own two feet. Here are five of the biggest shifts developers should have on their radar when building their pipeline and project strategy post-OBBBA. 1.
Energy industry services firm EnerMech has been awarded a two-year crane operations and maintenance (O&M) contract extension to continue supporting a North Sea operator…
Kinder Morgan Inc. (KMI) delivered a strong second-quarter performance, reporting a 24% increase in net profit as natural gas demand continues to drive growth across its pipeline and infrastructure business. The company posted $4.04 billion in revenue for Q2, representing a 13.2% year-over-year increase , and beating MarketBeat’s consensus by 550 basis points.
The UK government has raised the maximum prices it is willing to guarantee developers of wind power projects in a bid to reinvigorate investment in renewable energy and keep its ambitious decarbonization targets on track. The increase, announced on July 23rd, underscores the challenges faced by clean energy developers contending with inflation, rising interest rates, and strained supply chains.
(World Oil) – Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block. Image: Hess The combined company has one of the most advantaged and differentiated portfolios in the industry, with leading positions in critical energy markets around the world and a high cash margin produc
As renewable energy becomes the foundation of electricity systems around the world, the importance of stationary battery storage is no longer in question. Lithium-ion batteries are being deployed at unprecedented rates to support grid reliability, integrate variable generation, defer infrastructure upgrades, and provide flexible capacity across multiple electricity markets.
Skip to main content Productivity at the core: How COOs deliver strategy July 17, 2025 | Article Daniel Swan  Darryl Piasecki  Tony Gambell For the COOâs productivity mandate, the time to act is always. Six best practices can help. Every chief operating officer (COO) knows this simple truth: Delivering the companyâs strategy isnât just part of the jobâit is the job.
Global energy technology company SLB has been awarded a technologies and services contract for carbon storage site development in the North Sea by the Northern Endurance Partnership (NEP)…
Eastern Gas Transmission and Storage (EGTS), a wholly owned subsidiary of Berkshire Hathaway Energy Company (Warren Buffett’s company), filed a new project with the Federal Energy Regulatory Commission (FERC) on Monday. The project is called the Appalachian Reliability Project (ARP) and is designed to move more natural gas from Pennsylvania to Ohio.
Pipelines are the unsung backbone of the global energy system–quietly moving billions of barrels of oil and trillions of cubic feet of gas with unmatched efficiency, reliability, and scale. In the U.S., they handle nearly 70% of all petroleum shipments, or over 14 billion barrels annually, without the headlines or volatility of seaborne trade. What makes pipelines indispensable isn’t just cost or carbon footprint; it’s continuity.
(World Oil) – The U.S. sees domestic crude output growth slowing more than expected this year as choppy oil prices limit drilling activity. U.S. crude output is now expected to grow by 160,000 bpd this year to 13.37 million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
Chile is rapidly moving to build more power generation capacity, with much of that effort focused on renewable energy resources and battery energy storage systems (BESS). The country as part of that ambition The post Chile Focuses on Solar and Storage as Generation Capacity Expands appeared first on POWER Magazine.
The preliminary results and fluid samples indicate several reservoirs with good mobility, and initial assessments suggest that gas volumes on site may exceed 1 trillion cubic feet.
The merger between Repsol Resources UK and NEO Energy has been completed, creating NEO NEXT Energy as one of the largest producers on the UK Continental Shelf (UKCS)…
The Egyptian General Petroleum Corporation (EGPC) signed a strategic Memorandum of Understanding (MoU) with its partner, the Siemens, DNV, and EnExpert Energy Consortium. 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.
Shares of U.S. LNG producers jumped in early trading Monday after the European Union agreed to dramatically increase its energy imports from the United States, pledging $250 billion in annual purchases under a new transatlantic trade framework. The move includes LNG, oil, and nuclear energy and was announced in Brussels earlier today. Cheniere Energy, NextDecade, and Venture Global were among the biggest pre-market gainers, with some stocks rising as much as 8.8% before the U.S. market opened.
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