Thu.Jan 02, 2025

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2025’s Energy Crossroads: 6 Trends Redefining the Global Power Sector

POWER Magazine

Compared to recent years, which have been characterized by chronic energy shortages and price volatility, the world appears to be trundling toward a new energy market context, defined by an unprecedented The post 2025s Energy Crossroads: 6 Trends Redefining the Global Power Sector appeared first on POWER Magazine.

Energy 317
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Martin Midstream Partners, Martin Resource Management Bin Merger Plan

Rigzone: News

The merger faced opposition from investors that had lost a higher-priced counter-offer to take over Martin Midstream Partners.

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Central Theme for Energy’s Future: Decentralizing Power Generation

POWER Magazine

The use of distributed energy resources (DERs) will continue to grow as utilities, businesses, and residential neighborhoods look for ways to balance the power grid and support more reliable and resilient The post Central Theme for Energy’s Future: Decentralizing Power Generation appeared first on POWER Magazine.

Utilities 291
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Ecopetrol to Acquire Repsol's Stake in Colombia E&P Contract

Rigzone: News

Ecopetrol said it 'plans to provide additional information regarding the closing of the transaction in due time through the legally authorized channels'.

E&P 52
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POWER Digest [January 2025]

POWER Magazine

First Hualong One at Zhangzhou No. 1 Mega-Nuclear Plant Powers Up in China. China National Nuclear Corp. (CNNC), on Nov. 28, successfully connected Zhangzhou Nuclear Power Plant No. 1, a 1.1-GW Hualong One The post POWER Digest [January 2025] appeared first on POWER Magazine.

Offshore 262
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Crude Oil Futures Could See Better Prospects as Traders Return from Break

Rigzone: News

'Crude oil futures could see better prospects as traders return from the holiday break', Terence Hove, Financial Markets Strategist Consultant to Exness, said in a market analysis sent to Rigzone.

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War and Nuclear Energy: Risks Are Enormous for Power Industry and World

POWER Magazine

Nuclear power can be a highly important component of a country’s energy security strategy. This is true for several reasons. Nuclear plants provide consistent baseload power that is not dependent on weather The post War and Nuclear Energy: Risks Are Enormous for Power Industry and World appeared first on POWER Magazine.

Energy 246

More Trending

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Passive Heat from City Sewer Used to Heat and Cool Museum

POWER Magazine

Through a cutting-edge heat exchange system, the Museum of Bavarian History in Regensburg, Germany, efficiently heats and cools its building, showcasing a promising solution for urban decarbonization and clean The post Passive Heat from City Sewer Used to Heat and Cool Museum appeared first on POWER Magazine.

IT 246
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GasBuddy Reveals 2025 USA Gasoline Price Forecast

Rigzone: News

GasBuddy recently published its 2025 Fuel Price Outlook.

IT 52
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Marnie Surfaceblow: Know What You Know and Know What You Don’t

POWER Magazine

Not everyone has to be an expert. Having a goal to do the right thing, listening to your team, and seeking experienced help often results in an expert solution. Wayne Fritz, the manager of a struggling ammonia The post Marnie Surfaceblow: Know What You Know and Know What You Don’t appeared first on POWER Magazine.

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Kinder Morgan's TGP Greenlights the 205-Mile MSX Project

Rigzone: News

Kinder Morgan, Inc. company Tennessee Gas Pipeline, L.L.C. (TGP) has decided to proceed with its Mississippi Crossing Project (MSX Project).

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The Solid-State Shift: Reinventing the Transformer for Modern Grids

POWER Magazine

Transformers have been the backbone of power grids for over a century, but today’s demands for renewable energy, electric vehicles, and smarter grids are exposing their limits. Enter solid-state transformerscompact, […] The post The Solid-State Shift: Reinventing the Transformer for Modern Grids appeared first on POWER Magazine.

Energy 148
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McDermott Opens Excellence Center in Dubai

Rigzone: News

The unit is located at the Oilfields Supply Center in Dubai's Jebel Ali Freezone.

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Amazon Supports Three New Wind Farms in Greece

POWER Magazine

U.S. tech giant Amazon will power operations in Greece with three new utility-scale wind farms that also will provide electricity for the grid in three parts of the country. Company officials in November The post Amazon Supports Three New Wind Farms in Greece appeared first on POWER Magazine.

Utilities 148
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1.5 Degrees in the Rear View Mirror

Energy Central

World economies have long had a goal of limiting global warming due to climate change to 1.5°C. In case you haven’t heard, we will exceed this goal this year. The battle to keep global warming within 1.5 degrees Celsius has been a rallying cry for climate action for nearly a decade. Now, with the planet almost certain to blow past the target, diplomats and campaigners at the COP29.

Casing 52
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Restoration Efforts Continue Following Complete Blackout of Puerto Rico’s Power Grid

POWER Magazine

LUMA, Puerto Ricos electric power transmission and distribution system operator, has struggled to restore power to some of its customers in the wake of an outage that left the entire […] The post Restoration Efforts Continue Following Complete Blackout of Puerto Ricos Power Grid appeared first on POWER Magazine.

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Korea Has a Carbon-Neutral Point System For People To Earn Cash For Making Green Lifestyle Choices

Energy Central

Korea has instituted a unique nationwide voluntary program for the last three years to encourage citizens to reduce their carbon footprints. It is called the Carbon Neutral Point System (CNPS) and aims to reduce greenhouse gasses (GHGs) by 5% nationwide through energy use savings. CNPS uses serialized meters to track electricity, water and gas consumption.

Gas 52
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Importance of Rate Design in Moving Customers Toward Electrification

POWER Magazine

Home heating is approaching an impasse—there is great opportunity to decarbonize through heat pumps for both heating and cooling, but rising electricity rates might discourage consumers from getting on The post Importance of Rate Design in Moving Customers Toward Electrification appeared first on POWER Magazine.

Utilities 130
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Year in Review: Despite Hurdles, 2024 Showed Prolific Production and Environmental Performance

Energy Central

2024 was another record-breaking year for the U.S. oil and natural gas industry. From production to consumption to providing energy security for our allies abroad and reducing emissions – energy producers delivered. This was all accomplished despite significant hurdles, like the politically motivated pause on LNG export permits, restricted federal leasing and increased costs.

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Parkland Produces Canada's First Low Carbon Aviation Fuel

Rigzone: News

Using existing infrastructure, Parkland's Burnaby Refinery has successfully produced approximately 101,000 liters of low carbon aviation fuel by using non-food grade canola and tallow as core feedstocks.

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India’s EV transformation: Policies, funding trends, and the rise of tier-2 adoption

Energy Central

The electric vehicle (EV) sector in India is experiencing dynamic growth, fueled by technological innovation, evolving policies, and changing consumer priorities. Key advancements include longer-range EVs, increased adoption in smaller towns, and emerging battery technologies. However, significant challenges remain, such as limited charging infrastructure, high costs, and competition from.

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Factors Affecting the Power Industry in 2025 and Beyond: Trump and Data Centers Among Key Influences

POWER Magazine

The new year always provides a great opportunity to take a look back to see what POWER got right (or wrong) in our previous industry forecast. More importantly, it gives us a chance to look ahead. Some things The post Factors Affecting the Power Industry in 2025 and Beyond: Trump and Data Centers Among Key Influences appeared first on POWER Magazine.

IT 286
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Kelp Carbon Storage

Energy Central

AAAS: "Can dumping seaweed on the sea floor sequester carbon and cool the planet? Some scientists are skeptical." The jounral Science published a steady drumbeat of stories last yr looking at efforts to fight climate change. "Some researchers [were] investigating whether alkaline materials can be added to the ocean to suck up carbon, while others are exploring.

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Two Energy Stories To Start 2025

Energy Central

In 2025 the world will be even more obsessed with energy: from where to get it, to how much and how to store the surplus. Two stories that caught my eye as the year ended include: A new material that turns clothes into piezoelectric energy harvesters. A high-performance self-charging supercapacitor with integrated solar that marks a milestone in energy storage.

Energy 52
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2024: The Year Humanity Engineered a Cleaner Tomorrow

Energy Central

2024: The Year Humanity Engineered a Cleaner Tomorrow This year has been nothing short of revolutionary! From groundbreaking advancements in Electrical Engineering and Renewable Energy to the soaring rise of Electric Vehicles and smarter Battery Storage Systems, 2024 proved to be a turning point in our pursuit of sustainability. Dive into my in-depth analysis of global.

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Green Hydrogen Technologies for System Transformation

Energy Central

Green Hydrogen Technologies for System Transformation In 2023, the Climate Technology Centre and Network (CTCN) compiled 10 Green Hydrogen Technology strategies, plans and projects under preparation and/or implementation worldwide. As a continuation to the region-tailored capacity building program on Green Hydrogen, which benefits country focal.

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New York Passes Climate Change Superfund Act, Seeking $75 Billion from Top Fossil Fuel Companies

Energy Central

On Thursday, December 26th, 2024, New York Governor Kathy Hochul signed the Climate Change Superfund Act (S.2129/A.3351) [the “Act”]. The Act is modeled on existing State and Federal Superfund laws (which requires responsible parties to fund certain waste cleanups) and imposes strict liability primarily on fossil fuel companies on the basis of environmental damage caused by their.

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Year in Review: Climate Litigation Campaign Closes Out Not With Not a Bang, But a Whimper

Energy Central

2024 was a tumultuous year for climate lawsuits, to say the least. Throughout the year, radical campaigns opposed to American energy continued to fall flat, highlighting their lack of alignment with the priorities of the American people. Highlights – or lowlights, rather – include the failure of state campaigns to result in lawsuits and voters’ overwhelming.

Energy 40
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U.S. Energy Sector Shines in 2024 with Record-Breaking Oil Production

Energy Central

Despite ongoing concerns about global economic volatility, energy transition policies, and fluctuating demand, the U.S. energy sector has demonstrated its unmatched resilience and innovation. Building on the record-breaking momentum of 2023, 2024 has proven to be another landmark year for oil production, driven by technological advancements, strategic investments, and favorable market.

Oil 40
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The Biggest Energy Stories of 2024

Energy Central

The energy sector in 2024 was marked by steady progress rather than seismic shifts, with moderate oil prices reflecting a year largely unshaken by geopolitical turbulence. Here’s a closer look at some of the key energy stories that defined the year. 1. U.S. Oil Production Reaches Historic Highs In 2024, the United States continued its upward trajectory in oil production, surpassing.

Energy 40
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Reviewing My 2024 Energy Sector Predictions

Energy Central

“It’s tough to make predictions, especially about the future.” – Yogi Berra Forecasting the energy sector is no exception. Each year brings unexpected twists, market shifts, and geopolitical developments that make forecasting this sector especially challenging. As we close out 2024, it’s time to assess how this year’s energy predictions fared and what.

Energy 40