Trump Stirs Confusion with Support, Spurning of Canadian Oil
President Trump signed an order that could boost Canadian crude imports — and then said the U.S. doesn’t need Canadian crude.
Trump’s High-Wire Act to Transform US Power Grid Won’t Be Easy
President Donald Trump’s oversight of an increasingly unreliable U.S. power grid requires swift action, he said this week, but there is no easy fix for one of the grid’s most complex and troubled areas: long-distance transmission lines. Trump’s National Energy Emergency declaration and executive orders detail a long list of interconnected problems dogging an electric …
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U.S. Dollar Set for Worst Week in Over a Year on Tariff Angst
The U.S. dollar slid on Friday and was set for its worst week in over a year after President Donald Trump suggested a softer stance on tariffs against China, adding to uncertainty around the trade policy that kept equity markets on edge. Trump told Fox News in an interview on Thursday evening his recent conversation …
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U.S. Oil and Gas Rig Count Falls to Lowest Since Dec 2021, Baker Hughes Says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by …
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Shell Completes Deal to Buy Power Plant in Rhode Island
Shell has completed its previously announced acquisition to buy a 609-megawatt combined cycle gas turbine power plant in Rhode Island from RISEC Holdings.
Energy Transition in Motion (Week of Jan. 25, 2025)
Here is a look at some of this week’s renewable energy news, including a bright outlook for solar power capacity additions in the U.S.
Blackstone Buys NatGas Plant in ‘Data Center Valley’ for $1B
Ares Management’s Potomac Energy Center, sited in Virginia near more than 130 data centers, is expected to see “significant further growth,” Blackstone Energy Transition Partners said.
Chevron Delivers First Oil from Kazakhstan Project
Chevron Corp.’s newest plant at Kazakhstan’s Tengiz Field is expected to ramp up output to 1 MMboe/d.
RoboTrucks Arrive in Permian Basin, Haul Proppant for Atlas Energy
Autonomous trucks developed by Kodiak Robotics delivered sand, off-road, for Atlas Energy Solutions’ Permian operations beginning in December.
US Oil, Gas Rig Count Falls to Lowest Since Dec 2021
The oil and gas rig count fell by four to 576 in the week to Jan. 24. Baker Hughes said this week’s decline puts the total rig count down 45, or 7% below this time last year.