Fri.Feb 21, 2025

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PG&E, Citizens Energy Program Will Fund Grid Investments, Benefit Ratepayers

POWER Magazine

California-based Pacific Gas and Electric Company (PG&E) and nonprofit charitable organization Citizens Energy Corp. are partnering on a proposed investment program that expects to provide more than $450 million to […] The post PG&E, Citizens Energy Program Will Fund Grid Investments, Benefit Ratepayers appeared first on POWER Magazine.

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USA EIA Projects Diesel Price Decrease in 2025, Increase in 2026

Rigzone: News

The EIA's February STEO forecast that the U.S. on-highway diesel fuel price will average $3.63 per gallon in 2025 and $3.70 per gallon in 2026.

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U.S. Grid Modernization: Improvements Needed Imminently

SHALE Magazine

U.S Grid Modernization is vital as rising demand and renewable growth call for a major overhaul of America's fragmented transmission network.

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Expansion of Corpus Christi LNG in Texas Starts Delivery

Rigzone: News

Cheniere produced the first cargo from a project expanding the Corpus Christi LNG terminal in the namesake Texan city.

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Block shares plunge 18%, for worst day on market in 5 years after earnings miss

CNBC: Energy

Block had its worst day on the stock market since 2020 after the company reported an earnings miss.

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USA Crude Oil Inventories Rise by 4.6MM Barrels WoW

Rigzone: News

Crude oil stocks, not including the SPR, stood at 432.5 million barrels on February 14, according to the EIA.

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Oilfield Stabbing Guides | Oil & Gas | Keystone Energy Tools

Keystone Energy Tools

Stabbing guides are indispensable oilfield tools that help workers align two separate sections of drill pipe, tubing, or casing for a perfect male-to-female connection. These simple yet critical devices not only make stabbing faster and easier but also protect threaded connections from damage, ensuring safety and efficiency in oil and gas operations.

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IEW2025: Global energy leaders chart path for sustainable growth

Energy Central

New Delhi: Global exploration and production (E&P) leaders have emphasised the critical need to balance energy expansion with decarbonisation, digitalisation, and sustainable exploration strategies as India’s energy sector evolves. Speaking at India Energy Week 2025, which concluded last week in New Delhi, industry experts highlighted key initiatives aimed at ensuring energy.

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ADNOC Gas Delivers Record $2.84 Billion Placement

Rigzone: News

ADNOC achieved what it said is the biggest placement on the Abu Dhabi exchange, raising about $2.84 billion from issuing 3.1 billion shares in its integrated gas processing arm to institutional investors.

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US Weekly Oil Data

Energy Outlook Advisors

FEBRUARY 20, 2025 EOA’s Main Takeaway Although inventories followed historical trends, crude inventories were below the 5-year average and 2024 levels, distillate inventories were below the 5-year range, and Cushing inventories remained below the 5-year range. Oil demand exceeded 2024 levels. We expect crude inventories to rise and gasoline inventories to fall.

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OMV Petrom Starts Building SAF, HVO Unit at Romania Refinery

Rigzone: News

OMV Petrom began construction of a SAF and renewable diesel unit with a combined capacity of 250,000 metric tons a year at its Petrobrazi refinery in Romania.

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Fossil Fuels Are Forcing Mass Displacement and Migration in America

Energy Central

By Dr. Michael Shank and US Congresswoman Yvette Clarke With President Donald Trump’s administration removing climate change language from federal government websites, withdrawing the United States from the Paris climate agreement, ending climate disaster response within the Department of Homeland Security, and discussing plans to get rid of the Federal Emergency Management Agency.

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Daily Energy Report

Daily Energy Report

February 21, 2025 Chart of the Day Reuters: U.S. Piles Pressure on Iraq to Resume Kurdish Oil Exports, Sources say Subscribe now Summary Trump’s administration is pushing Iraq to restart Kurdish oil exports or face sanctions with Iran, aiming to counter Tehran’s oil revenue and nuclear goals. Iraq, pressured by the US, plans to resume 300 kb/d via Turkey next week, redirecting 200 kb/d of crude smuggled to Iran.

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