Fri.Feb 07, 2025

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It’s Time to Think Differently About Energy Storage and California’s Power Grid

POWER Magazine

With nearly 60% of the states electricity generated from solar, wind, and geothermal energy, California is well past the halfway mark to its goal of 100% renewable power generation by […] The post Its Time to Think Differently About Energy Storage and Californias Power Grid appeared first on POWER Magazine.

Energy 162
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Starmer reforms nuclear planning to avoid being “hostage to Putin”

Energy Voice

Prime minister Keir Starmer is placing his bets on small nuclear reactors to meet the countrys energy needs after a public backlash over big expensive nuclear projects. The post Starmer reforms nuclear planning to avoid being hostage to Putin appeared first on Energy Voice.

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Rocky Mountain Power, Torus Will Deploy Grid-Scale Energy Storage Program

POWER Magazine

Torus and Rocky Mountain Power, following the recent signing of a memorandum of understanding (MOU), on Feb. 7 released additional technical details about the integration of Torus’s commercial energy storage […] The post Rocky Mountain Power, Torus Will Deploy Grid-Scale Energy Storage Program appeared first on POWER Magazine.

Energy 130
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What Is Natural Gas Used For? 7 Surprising Applications

True Natural Gas

When you think of natural gas, you probably picture a stovetop flame or a home heating system. While these are common uses, natural gas is far more versatile than many people realize. As one of the most efficient and widely used energy sources in the world, natural gas powers industries, fuels vehicles, and even plays a role in everyday products. Let’s take a look at seven surprising applications of natural gas. 1.

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Demonstrating Electricity Value: Customer Satisfaction as a Utility Business Strategy

POWER Magazine

Like many other household goods, the average monthly residential electric bill in the U.S. continues to increase. In 2024, bills hit an average of $182, an 8% increase over the […] The post Demonstrating Electricity Value: Customer Satisfaction as a Utility Business Strategy appeared first on POWER Magazine.

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USEDC Plans to Deploy up to $1B Primarily in Permian, Sees Job Growth

Rigzone: News

'Building on the momentum of 2024, USEDC is entering 2025 with a similar growth mindset', the company said.

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Who Owns Produced Water in Texas?

Texas Oil & Gas Attorney

A somewhat unsettled question in Texas law is just who owns the water that is produced in some wells along with the oil and gas. Produced water has usually been considered a waste product, and the operator/lessee had to pay to have it hauled away. However, some operators are selling the produced water to a company that recycles it and then sells it for use in fracking.

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KRG Directs Resumption of Oil Exports in Coordination with Baghdad

Iraq Business News: Oil & Gas

By John Lee. The Council of Ministers of the Kurdistan Regional Government (KRG) has instructed the Ministry of Natural Resources (MNR) to maintain coordination with the federal Ministry of Oil, State oil Marketing Organization (SOMO) , and oil-producing companies in the region to ensure the swift resumption of Kurdistan Region's oil exports through SOMO, with the revenue directed to the federal budget.

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Uniper Exits North American Power Market

Rigzone: News

The divestment, which excludes Uniper's gas and hydrogen-related stakes in the region, is part of fair-competition guardrails imposed by the European Commission in approving the utility's bail-out by Germany.

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ICYMI: ExxonMobil, Chevron plan behind-the-meter power solutions

Oil & Gas Journal

ExxonMobil and Chevron are both exploring behind-the-meter solutions for data centers, leveraging natural gas and, potentially, carbon capture and storage, to provide reliable, decarbonized power.

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CNOOC Says World's Biggest Buried Metamorphic Hill Oilfield Now Producing

Rigzone: News

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

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World's First High Pressure Direct Injection Ammonia Engine

Energy Central

The Korea Institute of Machinery and Materials (KIMM) has developed the world's first engine capable of directly injecting ammonia into the combustion chamber at high pressure, in collaboration with the Electrification Engineering Center of Hyundai Motor Ammonia and Hydrogen

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USA Crude Oil Inventories Rise by Almost 9MM Barrels WoW

Rigzone: News

Crude oil stocks, not including the SPR, stood at 423.8 million barrels on January 31, according to the EIA.

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Green ammonia-to-hydrogen import terminal given go-ahead by UK government

Energy Central

Immingham Air Products plans to ship NH3 produced in Saudi Arabia to be cracked into H2 for use in the UK The UK government has granted a development consent order for the Immingham Green Energy Terminal in northern England, which would include infrastructure to crack imported ammonia into hydrogen First images of Immingham Green Energy Terminal as public consultation.

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DNO Posts Loss for Q4 after Impairments, Depreciations

Rigzone: News

DNO reported a net loss of $98.4 million for the fourth quarter of 2024, mainly driven by an impairment from an Iraqi license and depreciation of North Sea assets.

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New Trump energy, environment chiefs vow to promote oil and gas

Oil & Gas Journal

The new secretaries of the US Energy and Interior departments and the EPA administrator vowed to achieve Trumps vision for American energy dominance by prioritizing most energy sources, slashing regulations, approving LNG permits, streamlining permitting, cutting GHG regulations, and allowing greater access to oil and gas development.

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Reelwell, Odjfell Technology Secure Contract with Var Energi for Pipe Tech

Rigzone: News

The initial contract covers operations on Var Energi's COSLPioneer rig for one year, with the option of four additional one-year extensions.

Energy 52
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How Trump's Funding Cuts and Ramaphosa’s Land Policy Clash Could Reshape U.S.-South Africa Relations

Energy Central

Washington D.C. - U.S. President Donald Trump has announced plans to cut all future funding to South Africa, citing concerns over the country's new land expropriation law. Trump, posting on his Truth Social platform, called the law a "massive human rights violation" and alleged that South Africa is confiscating land and mistreating certain groups of people.

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ConocoPhillips Q4 Profit Down YoY as Lower Prices Offset Higher Volumes

Rigzone: News

ConocoPhillips reported $2.31 billion in net income for Q4 2024, down from $3 billion for the same three-month period a year ago as weaker prices and higher costs offset stronger production.

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JP Morgan Says Global Oil Demand 'Surged' to Over 101MM Bpd in January

Rigzone: News

'The early signs are promising, hinting that this upward momentum will carry into February', analysts at J.P. Morgan said.

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Renegade Gets Equity Commitment from Energy Spectrum

Rigzone: News

Renegade Infrastructure secured inaugural equity capital backing from its management and Energy Spectrum.

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