Trending Articles

article thumbnail

Solar Power Set to Surpass Nuclear Generation This Summer

OilPrice

This summer, solar power generation globally could exceed electricity from nuclear power plants for the first time ever, as solar capacity soars and sunlight and daylight hours are long in the northern hemisphere. Global solar power generation jumped by 34% in the first quarter of 2025 from the same period in 2024, according to data from Ember cited by Reuters columnist Gavin Maguire.

article thumbnail

EOG Cuts Back on Oil Drilling in Some Places, but Not in the Utica

Marcellus Drilling News

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.

Oil 266
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Con Edison Investing in Major Reliability Projects Serving Customers in Brooklyn and Staten Island

POWER Magazine

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.

227
227
article thumbnail

US Oil Drillers Continue To Back Off As Prices Languish Below Breakevens

OilPrice

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.

article thumbnail

Community-owned renewables now span all of Europe

Energy Transition

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.

Energy 217
article thumbnail

2025-2026 Oil Market Outlook: An Update

Energy Outlook Advisors

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.

Oil 211
article thumbnail

DOE Orders Fossil Units Online After Puerto Rico Blackouts, Citing Dispatchable Capacity Need

POWER Magazine

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.

Utilities 214

More Trending

article thumbnail

North Hudson Raises $344M for Non-Op Investments, Including Utica

Marcellus Drilling News

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.

Finance 263
article thumbnail

Explore Cisco IOS XE Automation at Cisco Live US 2025

Cisco: Oil & Gas

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.

API 80
article thumbnail

Oil price, Touchstone, Zephyr, Sunda, And finally…

Malcolm Graham Wood

Oil is unchanged after another poor day on Iranian news. Today TXP close the Central block, Sunda wrap the CLN and I write a wrap-up note on Zephyr. The post Oil price, Touchstone, Zephyr, Sunda, And finally… appeared first on Malcy's Blog.

Oil 189
article thumbnail

Modular Geothermal Power: Gradient’s Scalable Solution for Oil and Gas Sites

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.

Gas 205
article thumbnail

Williams Makes Pitch to Add 28 Miles of Transco Pipe in NC Triad

Marcellus Drilling News

Last November, Williams officially filed with the Federal Energy Regulatory Commission (FERC) to build an expansion of its mighty Transco pipeline system in the southeastern U.S., a project called the Southeast Supply Enhancement Project (see Williams Files with FERC to Expand Mighty Transco Pipe in Southeast). The SSE project will add 1.6 million dekatherms per.

Pipeline 262
article thumbnail

The Future is Coming Faster than You Think

Cisco: Oil & Gas

At Cisco, we are building the core infrastructure of the AI era. As new solutions like Codex exemplify, the future of AI will be agentic. We envision a future where billions of AI agents are working together harmoniously on our behalf.

93
article thumbnail

US Weekly Oil Data

Energy Outlook Advisors

May 21, 2025 New interview: Energy Politics, Oil, and LNG Subscribe now EOA’s Main Takeaway Read more

Oil 169
article thumbnail

Major Indiana Solar Project Advances to Next Phase

POWER Magazine

Project manager Bechtel said construction of the 1.3-GW Mammoth Solar facility in Indiana is moving forward, with the company on May 16 saying the project kicked its construction activities into a higher gear this month. The post Major Indiana Solar Project Advances to Next Phase appeared first on POWER Magazine.

article thumbnail

Goldman Raises Oil Demand Outlook

OilPrice

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.

Oil 343
article thumbnail

Nat’l Rig Count Down 2 @ 576; Marcellus Even @ 25, Utica Adds 1 @ 11

Marcellus Drilling News

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.

Energy 255
article thumbnail

Oil price, Serica. And finally…

Malcolm Graham Wood

Oil is slightly weak on the back of mixed inventory data. Todays update from Serica is very upbeat. The post Oil price, Serica. And finally… appeared first on Malcy's Blog.

Oil 162
article thumbnail

Boundless automation at Emerson Exchange 2025

Oilholics Synonymous Report

While the doors of Emerson Exchange 2025 opened on Monday, formal proceedings got underway on Tuesday morning with a keynote from Emerson CEO Lal Karsanbhai. The global industrial technology and software vendor's boss said his industry is facing dynamic markets in an evolving industrial landscape. "Emerson is moving in the right direction with purpose, conviction and agility in automation, shaping what's next for global industries," he noted.

IT 157
article thumbnail

Estonia Plans 600-MW Nuclear Power Plant Utilizing BWRX-300 SMRs

POWER Magazine

Government officials in Estonia announced the country will initiate a spatial planning process and an environmental impact assessment for construction of the country's first nuclear power plant. The post Estonia Plans 600-MW Nuclear Power Plant Utilizing BWRX-300 SMRs appeared first on POWER Magazine.

Utilities 147
article thumbnail

Oil Giant Rosneft Buys Russia’s Biggest Rare Earths Deposit

OilPrice

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.

Oil 335
article thumbnail

Study Proves Solar is 10X More Expensive than NatGas for Electric

Marcellus Drilling News

“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.

IT 250
article thumbnail

Oil price, Savannah, Union Jack, Borders & Southern. And finally…

Malcolm Graham Wood

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.

Oil 162
article thumbnail

Getting started at Emerson Exchange 2025

Oilholics Synonymous Report

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.

article thumbnail

Wärtsilä Supporting New Nigerian Gas-Fired Power Plant

POWER Magazine

Technology group Wrtsil will supply power generation equipment for a new 30-MW power plant being set up on Victoria Island in Lagos by Victoria Island Power Ltd. (VIPL), a Nigerian independent power producer. Wrtsil, acting as the engineering, procurement, and construction lead for the project, also will operate and maintain the power plant for a period of five years.

Gas 147
article thumbnail

Iraqi Kurds Sign Billions in Energy Deals With U.S. Despite Baghdad Oil Dispute

OilPrice

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.

Oil 331
article thumbnail

PA DEP Approves MarkWest Processing Plant Expansion in SWPA

Marcellus Drilling News

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.

Gas 246
article thumbnail

Oil price, Seascape, NTOG. And finally…

Malcolm Graham Wood

Oil is up slightly today but will end the week down. Today Seascape announce FY results and NTOG update for the FY. The post Oil price, Seascape, NTOG. And finally… appeared first on Malcy's Blog.

Oil 147
article thumbnail

JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin

CNBC: Energy

JPMorgan is now allowing clients to buy bitcoin, a major shift for the largest U.S. bank.

145
145
article thumbnail

U.S. rig count decreased by 10 is at 566

Oil & Gas 360º

This weeks Baker Hughes Rig Count shows that the U.S. decreased by 10 over last week, resulting in a total count of 566 rigs. Canada had a increase of 7 over last week, resulting in a total Canadian count of 114 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Utica region experienced an increase this week. Meanwhile, 7 regions experienced a decrease this week: The Ardmore Woodford is at 4, down 1.

130
130
article thumbnail

Is Freight Decarbonisation Viable?

OilPrice

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.

article thumbnail

Ascent 1Q Drilled 18 Wells, Produced 2 Bcfe/d, Lost $362 Million

Marcellus Drilling News

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.

article thumbnail

Oil price, Europa Oil & Gas. And finally…

Malcolm Graham Wood

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.

Oil 147
article thumbnail

Ray Dalio says the risk to U.S. Treasurys is even greater than what Moody's is saying

CNBC: Energy

Moody's cut the U.S. credit rating one notch to Aa1 from Aaa due to the federal government's ballooning budget deficit and soaring interest payments.

article thumbnail

Trump to sign orders to boost nuclear power as soon as Friday, sources say

Oil & Gas 360º

(Investing) –WASHINGTON – U.S. President Donald Trump will sign executive orders as soon as Friday that aim to jumpstart the nuclear energy industry by easing the regulatory process on approvals for new reactors and strengthening fuel supply chains, four sources familiar said. Facing the first rise in power demand in two decades from the boom in artificial intelligence, Trump declared an energy emergency on his first day in office.

130
130
article thumbnail

First SMR in North America To Be Operational in 5 Years

OilPrice

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

Operator 328
article thumbnail

3 Years Later, Freeport LNG Returns LNG Storage Tank to Service

Marcellus Drilling News

Freeport LNGs export terminal with three liquefaction trains completely shut down (all three trains) in June 2022 after an explosion and fire (see Explosion Rocks Freeport LNG Export Plant Offline for 3 Weeks). What was initially thought to be a three-week outage lasted for ten months. The plant finally returned online in March 2023.