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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.
The U.S. national rig count lost two more rigs last week, going from 578 to 576, tying January 24th of this year as the lowest national rig count in the past 12 months. Rigs targeting the Marcellus layer remained the same with 25 rigs last week, while the Utica (in Ohio) picked up one rig.
Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Crude production numbers include condensates and NGLs, counted as NGLs on the demand side but as crude when blended with Canadian crude for export. This issue is global, as agencies, banks, and consultants rely on EIA data.
The U.S. 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.
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.
Last November, MDN brought you the great news that MPLX (aka MarkWest Energy) would file to build an expansion at its existing Harmon Creek facility in Smith Township, Washington County, PA (see MPLX to Build New Harmon Creek III Gas Processing in PA Marcellus). MPLX wants to add a 300 MMcf/d (million cubic feet per.
Oil is quiet as Israel weighs up attacking Iranian nuclear operations. And Europa swaps Wressle cash for up front payment. The post Oil price, Europa Oil & Gas. And finally… appeared first on Malcy's Blog.
As the world transitions toward renewable energy sources, geothermal power has emerged as one of the most promising, yet underutilized, options in the clean energy portfolio. Unlike solar and wind, […] The post Modular Geothermal Power: Gradients Scalable Solution for Oil and Gas Sites appeared first on POWER Magazine.
As the world transitions toward renewable energy sources, geothermal power has emerged as one of the most promising, yet underutilized, options in the clean energy portfolio. Unlike solar and wind, […] The post Modular Geothermal Power: Gradients Scalable Solution for Oil and Gas Sites appeared first on POWER Magazine.
U.S. shale production will likely plateau if WTI oil prices remain in the low $60s per barrel, and decline at prices in the $50s, ConocoPhillips chairman and CEO Ryan Lance said at the Qatar Economic Forum on Tuesday. The breakeven probably hasn't moved a lot, Lance said in Doha, commenting on the breakeven for U.S. shale firms to profitably drill a new well.
Ascent Resources, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohios largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its first quarter 2025 update on.
The Oilholic has arrived in San Antonio, Texas, US for the week-long Emerson Exchange 2025 - the thought leadership event of engineering services, industrial automation and software giant Emerson. The event - being held at the city's Henry B. Gonzalez Convention Cente - is expected to draw in nearly 4,000 attendees from over 50 countries, representing 300-plus companies integral to the global industrial and manufacturing complex.
Oil is quiet with mixed news from the US/Iran talks. Today Savannah have had a very positive update and Union Jack are also in good form. And Borders & Southern may well just be an exciting place to be just now. The post Oil price, Savannah, Union Jack, Borders & Southern. And finally… appeared first on Malcy's Blog.
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.
EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), owns nearly half a million acres of leases in the Ohio Utica (~460,000 acres). EOG calls its position the Ohio Utica combo play and considers it one of the companys “premium” and “emerging” plays. EOG.
The Federal Energy Regulatory Commissions (FERCs) 2025 Summer Energy Market and Electric Reliability Assessment has forecast higher wholesale electricity prices this summer in most regions. The assessment, published May 15, […] The post FERC Anticipates Higher Energy Prices This Summer appeared first on POWER Magazine.
Oil has drifted ahead of the WTI expiry tonight. Jadestone has reported finals in line with guidance and Petrofac announce that its restructuring plan has been approved by the High Court. The post Oil price, Jadestone, Petrofac. appeared first on Malcy's Blog.
China installed a record 60 gigawatts (GW) of new solar photovoltaic (PV) capacity in the first quarter of 2025 the highest ever recorded in a first quarter in the countrys history, according to Rystad Energy research and analysis. Rooftop PV accounted for 60%, or 36 GW, of that total, marking the largest quarterly capacity addition for distributed PV in Chinas history.
The data center high tide is lifting all gas drilling boats. That’s according to a new study from S&P Global Commodity Insights that finds the expectations of a coming boom in demand for electricity for data centers, which will create a boom in demand for natural gas to produce the electricity, is causing gas drilling.
AES Corp. announced the company has entered into two long-term power purchase agreements (PPAs) to support tech company Meta's data centers. The deal announced May 21 is for 650 MW of generation from solar projects that AES is bringing online in Texas and Kansas, serving the Southwest Power Pool market. The post AES, Meta Sign PPAs for 650 MW of Solar Power in Kansas and Texas appeared first on POWER Magazine.
Weekly Crude Oil Storage as of May 16, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 million barrels from the previous week. At 443.2 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of May 16, 2025.
Oil prices fell on Monday after the last of the big three credit rating agencies, Moodys, downgraded its rating on the United States from AAA to Aa1, reigniting concerns about Americas economy and bond markets. Moodys Ratings on Friday downgraded the long-term issuer and senior unsecured ratings of the U.S. to Aa1 from Aaa and changed the outlook to stable from negative.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” That quote is attributed to Adolf Hitler, a master of lying propaganda. The environmental left is also a master at lying propaganda. Like this lie: “Solar is now cheapest electricity in history, confirms IEA.” That’s a lie.
In 2019, the EU set into motion dedicated legislation to expand renewable energy communities (RECs) where they already exist, and enable citizen energy in countries – mostly eastern and southern Europe – where there were none at all.
(Investing) –MOSCOW/LONDON – Behind OPEC+s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing a second objective: taking on U.S. shale production to win back market share from the United States. OPECs last price war on U.S. producers 10 years ago ended in failure, as breakthroughs in technology and drilling allowed U.S. shale companies to cut costs, compete at lower prices and in the following years take market share from th
Australias Woodside Energy, the developer of the Louisiana LNG export project, expects global natural gas demand to jump by 50% by the end of the decade, chief executive Meg ONeill said at an industry conference on Tuesday. Woodside Energy, the biggest natural gas producer in Australia and developer of LNG projects at home and abroad, has seen customers willing to lock in LNG supply into the 2040s, the executive said at the World Gas Conference in Beijing.
Last December, MDN told you that the future of what could become the country’s largest LNG export facility, Venture Global’s Calcasieu Pass 2 (CP2), was in question following a court order from the the leftwing U.S. Court of Appeals for the District of Columbia (see Timing & Future of Venture Globals CP2 LNG Project Murky).
(Oil & Gas 360) – Earlier this month, EnerCom met with CanCambria Energy CEO Paul Clarke, PhD, to talk about how the company could transform natural gas markets in Europe through CanCambrias Kiskunhalas drilling project in the Pannonian tight gas basin. The company has recently opened an office in Budapest, Hungary, in the heart of the immense basin.
Kazakhstans oil production rose 2% in May, defying yet another OPEC+ quota and testing the limits of Saudi Arabias patience with overproducers. According to an industry source cited by Reuters, the country pumped an average of 1.86 million barrels per day (bpd) of crude in the first 19 days of Maywell above its OPEC+ target of 1.486 million bpd.
In January 2024, MDN told you about a long-closed landfill that seeks to reopen in Liberty and Pine Townships in Mercer County, PA (see Group Claims Drill Cuttings for Grove City Landfill Radioactive). In 2020, Tri-County Landfill Inc. submitted a permit application for the construction and operation of a municipal waste landfill site operated from.
(BOE Report) – U.S. shale producer Continental Resources has filed a lawsuit against Hess Corp alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, which operates hundreds of wells in North Dakota, artificially inflated midstream service fees by entering into agreements with its own subsidiaries.
Several parts of Africa have a long history of mining, with the sector contributing high levels of employment across the continent. As the demand increases for critical minerals needed to fuel a green transition, mining companies are increasingly showing an interest in Africa for its vast untapped resources.
Last week, two different quasi-governmental agencies, the North American Electric Reliability Corporation (NERC) and the Federal Energy Regulatory Commission (FERC), issued summer assessments for whether or not the country could experience problems with having enough electric power for this summer. Both assessments conclude the same thing: IF we don’t have any extreme weather events, and.
Fluence Energy, a global group that delivers intelligent energy storage systems, services, and asset optimization software, announced the start of production at a new manufacturing facility in Goodyear, Arizona. The facility that opened May 20 will produce enclosures made with U.S. steel and battery management system (BMS) hardware for Fluence's grid-scale energy storage systems.
(Oil & Gas 360) CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) announces that the Company has accepted an invitation to join the Continental Europe Energy Council (“CEEC” or the “Council”). Founded in 1994, the Continental Europe Energy Council is a membership association for companies engaged in the subsurface energy industry within Continental Europe.
Violent clashes in Tripoli have forced shipping companies to divert vessels away from the capital's port, raising concerns over the security of the country's vital energy exports, Lloyds reported on Monday. The unrest erupted following the assassination of Abdel Ghani al-Kikli, commander of the Stability Support Apparatus (SSA), leading to fierce battles between rival militias.
Gas-fired power plants in the Marcellus/Utica region (and beyond) continue to change hands at a dizzying pace. Last week, MDN brought you the news that NRG Energy agreed to acquire LS Powers portfolio of natural-gas power plants in a deal valued at roughly $12 billion, including debt, that will expand NRGs footprint in Texas and.
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