article thumbnail

"Drill, Baby, Drill": Natural Gas Producers Eye a Boom

OilPrice

oil production continues, rallying natural gas prices are setting the stage for a rebound in Americas gas output this year, following months of output curtailments in 2024. natural gas prices above the $4 per million British thermal units (MMBtu) level, up by 160% in one year. While the slowdown in U.S.

article thumbnail

Five Critical Insights from NERC’s 2024 Long-Term Reliability Assessment

POWER Magazine

Well over half of North America faces a potential shortage of electricity supplies in the coming years, compounded by surging demand growth, accelerating generator retirements, and delays in resource development, […] The post Five Critical Insights from NERCs 2024 Long-Term Reliability Assessment appeared first on POWER Magazine.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Morrow Reinvented: HL-Class Gas Turbine Powers a Coal Plant’s Rebirth

POWER Magazine

The Morrow Repower Project, winner of POWER’s 2024 Reinvention Award, exemplified a strategic coal-to-gas conversion at a brownfield site that masterfully combined cutting-edge advanced technology with a The post Morrow Reinvented: HL-Class Gas Turbine Powers a Coal Plant’s Rebirth appeared first on POWER Magazine.

Gas 289
article thumbnail

M-U Rig Count Declined 37% (19 Rigs) from Dec 2022 to Dec 2024

Marcellus Drilling News

The number of rigs deployed to drill for natural gas in the United States decreased over the last two years, according to stats from the U.S. natural gas-directed rigs decreased 32% (50 rigs) between December 2022 and December 2024. The decline was concentrated in the natural gas-rich Haynesville and Marcellus/Utica.

article thumbnail

“Natural Gas Extraction” Job Paid Average Wage of $176,800 in 2024

Marcellus Drilling News

Earlier this month, the Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its State of Energy Report, offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for ?the the energy industry in 2024 (full copy below).

article thumbnail

POWER Digest [March 2024]

POWER Magazine

GW Coastal The post POWER Digest [March 2024] appeared first on POWER Magazine. Dominion Secures Final Approvals for 2.6-GW GW Offshore Wind Project. Dominion Energy on Jan. 30 said it received the last two major federal approvals needed to kick off construction of its 2.6-GW

Offshore 245
article thumbnail

Pioneering Hydrogen-Powered Gas Peaking: Inside Duke Energy’s DeBary Project

POWER Magazine

In late 2024, a first-of-a-kind, fully functional project spearheaded by Duke Energy, GE Vernova, and Sargent and Lundy could begin demonstrating the commercial peaking capabilities of an integrated hydrogen power-to-power […] The post Pioneering Hydrogen-Powered Gas Peaking: Inside Duke Energy’s DeBary Project appeared first on POWER Magazine. (..)

Gas 279