2025

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Permian methane emissions dropped 50% in two years, analysts say

Oil & Gas 360º

(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.

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Solar Surge Sends French Power Prices Negative

OilPrice

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.

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Centrus Completes 900-kg HALEU Delivery to DOE in U.S. Nuclear Fuel Enrichment Milestone

POWER Magazine

Centrus Energy has produced and delivered 900 kilograms (kg) of High-Assay, Low-Enriched Uranium (HALEU) to the U.S. Department of Energy (DOE), completing Phase II of its pioneering enrichment contract with the agency. The shipment marks the first significant domestic production of HALEU—a specialized fuel required for many advanced reactors now under development—and stands as a […] The post Centrus Completes 900-kg HALEU Delivery to DOE in U.S.

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Is geothermal energy ready to make its mark in the US power mix?

McKinsey

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.

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Saipem, Subsea7 Sign Merger Agreement to Form Energy Services Giant

Offshore Engineer

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…

Energy 78
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Adnoc Gas Awards $5bn Contracts

Mees

Adnoc Gas has awarded contracts for the $5bn first phase of its 1.5bn cfd Rich Gas Development project. The project will handle associated gas from Adnoc’s crude expansion projects and puts the UAE a step closer to gas self-sufficiency by 2030.

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Natural gas utilities are innovating to fill storage gap

American Gas Association

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

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Top 8 Takeaways Every Trader Should Know From EVOLVE 2025

Enverus

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.

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What’s New: Mach Enters Permian, San Juan Basins With $1.3 Billion in Deals

Rextag

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.

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£1 billion offshore wind funding must be catalyst for government-industry collaboration to achieve UK wind targets

Offshore Energies UK

Leading trade body Offshore Energies UK (OEUK) has welcomed today’s announcement of £1 billion in funding from a number of sources for the offshore wind supply chain – calling it a positive signal but urging government to use it as a springboard for much wider action. 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 goal

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IEA sees 2025 energy investment hitting $3.3 trillion

Oil & Gas 360º

(Oil Price) – Energy investments this year are set to hit $3.3 trillion on the back of a strong increase in spending on things such as wind and solar, the International Energy Agency has forecast. In its latest World Energy Investment report, the agency also said that China will cement its position as the top energy investor globally this year.

Energy 130
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China Smashes Solar Installation Record

OilPrice

China installed its highest solar power capacity for a single month in May, according to official data, which showed mind-boggling figures that the country installed more solar capacity in a month than any other nation did for the entire 2024. With 93 gigawatts (GW) of solar capacity installed in May, China smashed its own record of 71 GW in December 2024, per data from the National Energy Administration cited by Bloomberg.

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NuScale Advances SMR-Powered Desalination and Hydrogen Production with Integrated Brine Reuse Strategy

POWER Magazine

Small modular reactor (SMR) technology developer NuScale Power has unveiled research programs that could advance an energy system that integrates its nuclear technology to produce desalinated water and hydrogen, while reusing brine waste as an industrial feedstock. The research, developed in partnership with the U.S. Department of Energy’s (DOE’s) Pacific Northwest National Laboratory (PNNL) and […] The post NuScale Advances SMR-Powered Desalination and Hydrogen Production with Integrated

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Iberdrola y Masdar construirán el segundo parque eólico marino más grande del mundo

Oil & Gas Magazine

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

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TotalEnergies Eyes Mozambique LNG Restart in Summer 2025

Offshore Engineer

TotalEnergies expects its $20-billion Mozambique liquefied natural gas (LNG) project to resume development 'this summer', Chief Executive Patrick Pouyanne said on Wednesday…

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

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

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Always Improving: The Safest Energy System in the World 

American Gas Association

AGA Newsroom True Blue Blog Where energy conversations come to life. The Pipeline and Hazardous Materials Safety Administration (PHMSA) is one of the most important government agencies that many Americans have never heard of. PHMSA oversees the safe operation of our nation’s pipeline system, as well as approximately a million daily shipments of hazardous materials.

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Where Is Natural Gas Found? Global Reserves and Local Sources

True Natural Gas

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.

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Five OBBBA Takeaways Renewable Developers Can’t Afford to Ignore

Enverus

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.

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EOG Resources Acquires Encino for $5.6B, Expands Premier Utica Shale Position

Rextag

EOG Resources has entered into a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion, including net debt, in a transaction that significantly strengthens EOG’s position in the Utica Shale. The sellers are Canada Pension Plan Investment Board (CPP Investments) and Encino Energy. The acquisition will be funded through a combination of $3.5 billion in new debt and $2.1 billion in existing cash, allowing EOG to preserve its shareholder equity.

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Equinor announces Johan Castberg FPSO producing at full capacity

Oilfield Technology

Three months after coming on stream, Equinor has announced that the FPSO Johan Castberg is producing at peak capacity of 220 000 bpd of oil. This increases energy deliveries from the Barents Sea by 150%.

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TotalEnergies starts production from two offshore Angola projects

Oil & Gas 360º

(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.

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PetroChina Greenlights $9.6 Billion Refinery in Dalian Revamp

OilPrice

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

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China Breaks Ground for World’s Largest Hydropower Station

POWER Magazine

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.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

Global upstream oil investment is set to fall this year for the first time since the Covid slump in 2020, with upstream oil and gas spending gravitating to the Middle East, according to the 2025 edition of the IEA’s annual World Energy Investment report The forecast 6% drop, the steepest since 2016, is driven mainly by a sharp decline in spending on US tight oil, and reflects lower oil prices and demand expectations.

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EnerMech Bags Two-Year O&M Services Extension in North Sea

Offshore Engineer

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…

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Scaling the Cisco AI Assistant for Support with Splunk

Cisco: Oil & Gas

Cisco needed to scale its virtual support engineer that assists its technical support teams around the world. By leveraging its own Splunk technology, Cisco was able to scale the AI assistant to support more than 1M cases and free up engineers to concentrate on more complex cases, creating a 93+% customer satisfaction rating, and ensuring the critical support continues running in the face of any disruption.

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Productivity at the core: How COOs deliver strategy

McKinsey

Skip to main content Productivity at the core: How COOs deliver strategy July 17, 2025 | Article Daniel Swan  Darryl Piasecki  Tony Gambell For the COO’s productivity mandate, the time to act is always. Six best practices can help. Every chief operating officer (COO) knows this simple truth: Delivering the company’s strategy isn’t just part of the job—it is the job.

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Azule Energy Reports Gas Discovery Offshore Angola

Rigzone

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.

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Enverus Forecasting Solutions: Delivering Precision and Innovation

Enverus

In the dynamic landscape of energy markets, accurate load forecasting is essential for informed decision-making. Enverus forecasting solutions have consistently demonstrated exceptional performance, particularly during extreme weather events and critical peak demand periods. Complementing this reliability, our ongoing commitment to innovation has led to significant enhancements in our forecasting models.

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Solar Grazing Scales Up Across the U.S.: From California to the Midwest

Rextag

A new report shows that over 113,000 sheep are now grazing under solar panels—highlighting the rapid growth of dual-use land for farming and clean energy. 113,000 Sheep, 129,000 Acres: Solar Grazing Is No Longer Niche The first-ever U.S. Solar Grazing Census, conducted by the National Renewable Energy Laboratory (NREL) in collaboration with the American Solar Grazing Association (ASGA), reveals a sweeping surge in agrivoltaic practices across the country.

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EGPC Signs MoU for Digital Transformation of National Pipeline Infrastructure

Egypt Oil & Gas

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.

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Global LNG production will drive supply surge in 2026, says IEA

Oil & Gas 360º

(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.

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OPEC Claims the World Needs $18.2 Trillion in Oil and Gas Investments by 2050

OilPrice

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.

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Recurrent Energy Brings Major Arizona Energy Storage Project Online

POWER Magazine

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.

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DQOC Boosts Production with Integrated Development Plan

Iraq Business News: Oil & Gas

By John Lee. The Dhi Qar Oil Company (DQOC) has launched a comprehensive production plan to develop three key oil fields in Iraq's Dhi Qar province: Nasiriyah , Saba [Subba], and Garraf [Gharraf]. General Manager Sa'id Zgair Shalaka told the state-run Iraqi News Agency (INA) that the company has increased output from the Nasiriyah and Subba fields - both operated by national effort - with seven new wells added at Nasiriyah, raising production from 52,000 to 70,000 barrels per day (bpd).

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SLB Gets CCS Job in North Sea for BP, Equinor and TotalEnergies JV

Offshore Engineer

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)…

Energy 55