Energy Vault, Jupiter Power Seal Battery Energy Storage Deal
Project construction is underway with commercial operations expected to start by the end of this summer.
Upstream Capital Investments Arrive at a Happier Medium
After overinvestment followed by a pullback, the oil and gas industry has begun delivering better returns, finance leaders say. Investors are noticing.
Wave of Foreign Investment in US Gas Could Top $10B
A wave of U.S. gas deals is coming, and international giants from Asia to the Middle East are circling, says Greenhill’s Jeet Benipal at Hart Energy’s Energy Capital Conference.
JV Behind Midland Basin AI Campus Project Signs Power Generation Agreement
Power Forward Energy Solutions will manufacture, install and operate systems capable of generating 250 megawatts.
Wil VanLoh on Trump 2025: ‘Chaos’
“I am very concerned that there’s not really a plan” when it comes to the Trump administration’s tariff strategy, said Quanum Capital Group Founder Wil VanLoh at Hart Energy’s Energy Capital Conference. The U.S. may have used its peacetime dividend—and upcoming inflation could get out of control, he said.
Canadian Oil Sands Company Restarts Operations as Wildfire Risk Lessens
(Reuters) – Canadian Natural Resources has restarted its Jackfish 1 oil sands site in northern Alberta after determining wildfires in the region are a safe distance away. The company said its operations will ramp up over the next several days, targeting full production of approximately 36,500 bpd by June 6. Canadian Natural evacuated non-essential workers …
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Saudi Arabia Cuts July Oil Prices to Asia to 4-year Low After OPEC+ Supply Boost
(Reuters) – Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in four years on Wednesday, in what the market sees as the country’s attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+ …
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US Crude Stockpiles Fall, Fuel Builds as Refiners Hike Output, EIA says
(Reuters) – U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the Energy Information Administration showed on Wednesday. Crude inventories fell by 4.3 million barrels to 436.1 million barrels in the week ended May …
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Kongsberg Maritime to Equip New Construction Vessels for Sea1 Offshore
Kongsberg Maritime and Sea1 Offshore will also collaborate on a study to measure emissions reductions.
Five Charts on Key US Electricity and Power Generation Trends
By Gavin Maguire LITTLETON, Colorado, June 4 (Reuters) – U.S. power producers have lifted output from both fossil fuels and clean energy sources to new highs so far in 2025, on the back of steadily rising energy demand from data centers, businesses and households. Average retail electricity prices have risen in tow, and are hovering …
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