Cowen: Gas Turbine Orders Hit 20-Year High on PowerGen Needs
A report by TD Cowen analysts shows that between fourth-quarter 2024 and first-quarter 2025, gas fired capacity generation awards reached their highest point since March 2001.
Turkey Finds 75 Bcm of NatGas in Black Sea
Turkish Petroleum Corp. has discovered 75 Bcm of natural gas reserves in the Black Sea.
TotalEnergies Launches its Largest Solar Plant in Europe
The plant, near Sevilla, Spain, consists of five solar projects with a total installed capacity of 263 megawatts.
Deep Potential: Permian Woodford Delivers as Exxon, Mewbourne Join In
Oklahoma’s finest Woodford Shale developers are applying their learnings to the Permian Basin, where exploration of the deep bench is in its earliest innings.
US ‘Not Convinced’ About Lowering G7 Oil Price Cap, European Official Says
(Reuters) – A European official said the United States was “not convinced” about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The EU proposed revising the cap down to an indicative level of $50 a barrel from the current $60 a barrel. During the G7 finance ministers meeting, the official …
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Italy Fully Supports EU Efforts to Stop Russian Gas Imports by 2027
(Reuters) – Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country’s energy minister told reporters on Thursday, adding any decisions by Rome to boost LNG imports from the U.S. were up to private buyers. Italy last year imported a small quantity of Russian gas which was …
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Bond Selloff Rolls on as US House Passes Trump’s ‘Big Beautiful’ Tax Bill
(Reuters) – Bond vigilantes continued to stalk global debt markets on Thursday, also keeping the dollar and stocks subdued, as the U.S. House of Representatives passed President Donald Trump’s “big beautiful” tax bill by a single vote. Wall Street looked set to open fractionally higher having tumbled on Wednesday after the previous day’s limp U.S. …
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Prairie Has Big Plans in the D-J, But Will Pump Brakes on $50 Oil
Prairie Operating Co. CFO Greg Patton says the company aspires to produce 100,000 bbl/d as it looks for its next M&A opportunity.
Big Bill Not Beautiful for Clean Energy Passes US House
The legislation passed the House early May 22 with a 215-214 mostly party line vote and essentially guts the Inflation Reduction Act.
Cadeler Acquires New Jack-Up Vessel to Expand Reach in Offshore Wind
Cadeler plans to take delivery of the new vessel, which will be renamed Wind Keeper, in the third quarter.