Stonepeak Acquires Stake in Woodside’s Louisiana LNG for $5.7B
Investment firm Stonepeak purchased a 40% interest in a project Australia’s Woodside Energy bought last year for $900 million.
Shell Lowers First-Quarter LNG Production Outlook
(Reuters) – Shell lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update on Monday, citing the impact of bad weather in Australia, before it publishes results on May 2. The British company guided for LNG output to reach between 6.4 million and 6.8 million metric tons, down from a previous forecast …
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US Utilities Grapple with Big Tech’s Massive Power Demands for Data Centers
Summary • Utilities face challenges predicting future power demand for data centers • Tech companies seek multiple bids, complicating demand forecasts • Rising costs and AI advancements may reduce future power needs NEW YORK, April 7 (Reuters) – U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country …
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US Offshore Wind Farm Projects Slow as Trump Opposition Adds to Hurdles
(Reuters) – Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump’s administration. Offshore wind was a key pillar of former President Joe Biden’s promise that fighting climate change will create jobs and invigorate the economy. In 2023 …
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Gulf Bourses Sink as Recession Worries Sparked by US Tariffs Mount
Stock markets in the Gulf fell sharply on Sunday as U.S. President Donald Trump’s drastic trade tariffs and countermeasures from China stoked fears of a trade war and the prospect of a global recession.China’s finance ministry said on Friday it will impose additional 34% tariffs on all U.S. goods from April 10 as a countermeasure …
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Wall Street Week Ahead – Shell-Shocked Markets Brace For More Trump Tariff Tumult
Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump’s sweeping import levies keeping investors on edge after the worst week for U.S. stocks since the onset of the coronavirus crisis five years ago.Investors will look for signs the stock market may be close to at least a short-term bottom …
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Webinar: Stabilization Solutions for Roads, Highways & Bridges
You’re invited to join Presto Geosystems for a live, 1-hour webinar to explore how the GEOWEB® Soil Stabilization System can strengthen infrastructure resilience for your road, highway, and bridge projects. Webinar Description Infrastructure development for highways and road corridors faces many challenges when it comes to project design and construction. Building asphalt or concrete roadways …
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Oil Prices Extend Losses Global Trade War, Recession Fears
Investment bank JPMorgan said it now sees a 60% chance of a global economic recession by year-end, up from 40% previously.
Panama Canal to Open Bidding for LPG Pipeline, Authority Says
Reuters) – The Panama Canal has authorized the opening of a bidding process for a new pipeline that will transport liquefied petroleum gas (LPG) across the interoceanic waterway, its authority said on Friday. Since Panama’s Supreme Court last year ruled the return of areas near the canal to its administration, the planning of projects to …
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Seeking to Punish Cheaters, Saudi Arabia Pushes OPEC+ to Open Oil Taps
Summary • Saudi Arabia seeks to punish cheaters – three sources • Oil falls 8% below $65 per barrel, lowest since 2021 • Move revives memories of oil price wars of 2014, 2020 • Production hike, oil price drop to appease Trump (Reuters) – Saudi Arabia’s anger at Kazakhstan and other over producing nations was …
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