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Trump and the AI Power Boom Are Putting Utility Climate Goals at Risk

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas / By

Some US utilities say rising demand from data centers means fossil fuels will be needed for longer Big US utilities’ climate goals are in peril as artificial intelligence turbocharges electricity demand and Donald Trump’s reelection signals policy shifts that would favor fossil fuels. These companies all have ambitious targets to cut their carbon emissions, most often to reach …

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Blackstone, EQT Form $3.5 Billion Gas Pipeline Venture

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, Tri-Pinned / By

Deal enables EQT to pay down a term loan and credit facility It will give Blackstone stakes in Mid-Atlantic gas pipelines Funds managed by Blackstone Inc. agreed $3.5 billion of investment as part of a new joint venture with EQT Corp., enabling the US natural gas producer to reduce its debt. The deal will give the private equity …

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Chevron Sees California’s Fuel Inventory Law Raising Prices for Customers

Energy Topics & Technology, Gasoline, Latest, US News / By

Nov 26 (Reuters) – Chevron (CVX.N) said on Tuesday that California’s recently enacted legislation on oil refineries needing to maintain minimum fuel stocks was “flawed,” according to a letter sent by the company to state Congress members. California, the most populous U.S. state, consistently experiences some of the nation’s highest average gas prices, leading to …

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OPEC+ Discusses Further Delay to Oil Output Hike, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

By Maha El Dahan, Alex Lawler and Vladimir Soldatkin Iraqi, Saudi, Russian officials hold meeting in Iraq Talks come ahead of Sunday’s OPEC+ meeting Azerbaijan says OPEC+ might consider oil cuts rollover DUBAI/LONDON/MOSCOW, Nov 26 (Reuters) – OPEC+ nations are discussing a further delay to a planned oil output hike that was due to start …

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OPEC Unlikely to Raise Production in Short Term, Commodity Trading Bosses Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – OPEC is unlikely to unwind voluntary production cuts in the short term, executives of global commodity trading giants Vitol, Trafigura and Gunvor said at the Energy Intelligence Forum in London on Tuesday. OPEC+ is discussing a further delay to a planned oil output hike that was due to start in January, two sources …

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Citigroup Sees Energy Challenges Persisting in 2025, Cuts PT on US Oil Firms

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

Citigroup cuts price target on U.S.-based oil and gas companies as challenges for the energy sector carry over into 2025 Brokerage sees no scope for OPEC+ to reverse production cuts in 2025, leaving an est. 8 mln barrels per day (mbpd) of global oil market capacity on the sidelines Says “while we expect OPEC+ to …

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Looking Under the Hood: Northvolt Collapse Countdown Started with BMW Order Cancellation

Batteries, CDN and International News, Electric Vehicles, Energy Topics & Technology, Latest / By

Started clock ticking on Chapter 11 filing by EV battery maker For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG cancelled a multi-billion-dollar order. Back then, few saw the significance of the move, which effectively started a countdown that would culminate …

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COMMENTARY: Chaos at the Energy Transition Asylum – Irina Slav

CDN and International News, Energy Commentary, Energy Topics & Technology, Latest, Renewable Energy, Solar, Wind / By

More From Irina Slav It has been a tough last week for climate finance negotiators, UN officials, Northvolt’s executives, one of India’s wealthiest men, the UK government, the EU, and me, because I can’t resist a temptation, especially when it’s staring me in the face and making EV sounds. So, buckle up because a lot’s …

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AI Boom Propels a Wild-West-Era Texas Landowner to 230% Stock Rally

Artificial Inteligence, Energy Topics & Technology, Latest, US News / By

Texas Pacific Land Corp.’s value has soared as Big Tech plows cash into sprawling US data centers A Texas land company founded during the Wild West era more than a century ago is becoming an unlikely beneficiary of market euphoria over artificial intelligence. Dallas-based Texas Pacific Land Corp., which employs 100 people, has seen its …

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Northvolt Crisis May be Make or Break for Europe’s EV Battery Ambitions

Batteries, CDN and International News, Electric Vehicles, Energy Topics & Technology, Latest / By

Summary Northvolt co-founder urges EU not to give up EV battery dream Firm has filed for bankruptcy protection, needs $1.0-$1.2 bln EU hopes hit by weak EV sales, production issues, China strength (Reuters) – Northvolt’s financial collapse deals a blow to Europe’s plan to set up its own battery industry to power electric cars, stirring …

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