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US Power Use to Reach Record Highs in 2025 and 2026, EIA Says

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – U.S. power consumption will rise to record highs in 2025 and 2026, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. With growing demand from data centers dedicated to artificial intelligence and cryptocurrency and with homes and businesses using more electricity for heat and transportation, EIA projected power …

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OPEC Takes Long-Term View of Global Oil Markets, Aims for Stability

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

(Reuters) – Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week conference on Tuesday. The comments came after U.S. President Donald Trump repeatedly called on the producer group to increase oil …

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Texas Industry Urges EPA to Allow State to Approve Carbon Storage Projects

Carbon Capture, Energy Storage, Energy Topics & Technology, Latest, US News / By

(Reuters) – Texas oil, gas and industrial groups on Tuesday asked the new EPA administrator to speed up Texas’ request to approve carbon capture and storage projects instead of the federal government, to help boost private investment and unleash capture technology. The six groups, including the Texas Oil and Gas Association and the Texas Association …

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Activist Elliott Builds Over $2.5 Billion Stake in Phillips 66, WSJ Reports

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

Activist Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66 and plans to push for operational changes to boost its stock price, the Wall Street Journal reported on Monday. Elliott plans to push Phillips 66 to sell or spin off its big midstream business as it plans to …

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New U.S. Metals Tariffs to Drive up Oilfield equipment Costs, ChampionX Exec Says

Conventional Energy, Energy Topics & Technology, Latest, OFS-Oilfield Services, Oil, US News / By

ChampionX expects new U.S. import tariffs on steel and aluminium to drive up equipment costs for oilfield service firms, a company official said on Tuesday. U.S. President Donald Trump raised tariffs on steel and aluminium imports on Monday to a flat 25% “without exceptions or exemptions” in a move he hopes will aid the struggling …

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Energy Transfer to Supply Natural Gas to AI Data Center in Texas

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

Oasis Pipeline will provide gas to CloudBurst Texas campus It’s the pipeline company’s first direct-supply deal in AI Pipeline operator Energy Transfer LP will provide natural gas directly to CloudBurst Data Centers, Inc. as companies prepare for an expected boom in power demand from artificial intelligence. Energy Transfer’s Oasis Pipeline, LP, will provide as much as 450,000 million …

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Lyondell Completes Shutdown of Houston Refinery, Sources Say

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

Lyondell Basell Industries completed the final shutdown of its 263,776 barrel-per-day Houston refinery, people familiar with plant operations said on Friday. Lyondell began the previously announced shutdown of the refinery on January 27. Lyondell, in an emailed statement on Friday night, declined to discuss the status of the refinery. Some units at the refinery are …

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Norway Gets First Ship to Carry Waste Carbon to Undersea Storage

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

Gas will be stored on coast before being pumped below seabed Technology to trap and bury CO2 remains complex and costly The first ship in a 30 billion-kroner ($2.7 billion) plan to store emissions under the North Sea arrived in Norway as the country seeks to transform nascent carbon-capture technology into a commercial business. The Northern …

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Zelenskiy Says ‘Let’s Do a Deal’, Offering Trump Mineral Partnership, Seeking Security

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

By Tom Balmforth and Olena Harmash ‘Let’s do a deal,’ says Zelenskiy to Trump, offering rare earths Summary • In interview, Ukraine’s Zelenskiy offers mineral partnership to US • Zelenskiy emphasizes need for security guarantees in any deal • Ukrainian president keen to speak to Trump before Putin does Ukraine proposes using its gas storage …

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TPG to Buy Solar Firm Altus Power for $2.2 Billion

Energy Topics & Technology, Latest, Mergers and Acquisitions, Renewable Energy, Solar, US News / By

(Reuters) – Buyout firm TPG’s climate investment arm will acquire Altus Power in an all-cash deal worth $2.2 billion, including the assumption of debt, the companies said in a statement on Thursday. The announcement, confirming a Reuters report from December that TPG Rise Climate was in talks to acquire Altus, sent shares in the company …

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