(Oil Price) – Washington is putting real money behind advanced nuclear. The US Department of Energy is gearing up to hand X-energy another $1 billion for its planned nuclear project with Dow in Texas, bringing total federal funding available for the project since 2021 to as much as $2.15 billion. That is no longer demonstration-project pocket change. CEO Clay Sell
(World Oil) — bp has awarded Emerson a multi-million-dollar contract to provide automation technologies for the $2.9 billion Shah Deniz Compression project offshore Azerbaijan, supporting increased gas recovery from the Caspian Sea field. The project represents the next phase of development at Shah Deniz and is designed to access lower-pressure gas reserves as the field matures. It is expected to enable production and
(Oil Price) – In 2007, nearly two decades ago, I wrote an article called “The Future Is Solar.” At the time, my argument was largely based on efficiency. I had been comparing biofuels with direct solar energy and noted how much more effectively solar panels could capture the sun’s energy than crops could convert it into liquid fuel. Solar was
(World Oil) — ExxonMobil has used artificial intelligence and advanced subsurface technologies to identify four new exploration opportunities in Guyana’s Stabroek Block as the operator continues to expand its offshore drilling program. The company is applying AI to historical discoveries, drilling results and subsurface data to identify potential hydrocarbon prospects and improve exploration decision-making. The approach incorporates deep learning, machine learning, high-performance computing
Natural Gas Inventories as of August 7, 2026 The EIA has released its natural gas inventory report, showing a net increase of 36 Bcf as of August 7, 2026. Working gas in storage was 3,153 Bcf as of Friday, August 7, 2026, according to EIA estimates. This represents a net increase of 36 Bcf from the previous week. Stocks were
