The economy has been resilient despite higher prices stemming from the war in the Middle East, but that could change quickly if cold weather forces countries to tap depleted gas reserves.

via World news | The Guardian — Critics call move to gain long-term access to country’s massive energy reserves ‘predatory’ and ‘unconstitutional’ Reports that the US is preparing to claim a big stake in Venezuela’s massive energy reserves have sparked an outcry, with critics describing the move as “predatory” and “unconstitutional”. Several media outlets this week reported that the Trump administration – which abducted Venezuela’s authoritarian president, Nicolás Maduro, in January and has steered the South American country e

The PJM Interconnection, which operates the grid for 13 states across the US, is anticipating sufficient electrical resources to meet winter demands this year, but notes a concerning trend of power reserves decreasing as electricity usage exceeds new generation sources. With a projected peak demand of approximately 145,700 megawatts and available generation capacity of 180,800 MW, the system's reserve margin has narrowed from 8,700 MW in the previous winter to roughly 7,500 MW, highlighting the need for urgent action to address this imbalance.

In a bold move to unlock Namibia’s untapped offshore energy reserves, U.S. oil giant ExxonMobil is doubling down on studies across a vast stretch of the under-explored Namibe Basin, aiming to pinpoint prime drilling targets in what could become a transformative chapter for the country’s hydrocarbon sector. The initiative, confirmed

Penn State team uncovers hidden structures missed by traditional seismic scans that prevent oil extraction. A frequent challenge in oil drilling is that wells can stop producing even when seismic scans...