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Plans to cut thousands of jobs and slash wages as Europe’s biggest automaker tries to halt its tailspin Bloomberg News Volkswagen AG plans to close at least three factories, eliminate thousands of jobs and slash wages for tens of thousands of German workers as Europe’s biggest automaker tries to halt its tailspin. The proposals to fix …
Summary Entire 410,000-bpd plant due for shutdown around mid-2025 Half of capacity already mothballed Dalian govt pushed for refinery relocation after accidents Potential replacement in Changxing island still under evaluation SINGAPORE, Oct 28 (Reuters) – PetroChina is set to shut its largest domestic oil refinery around mid-2025, sources said, the country’s first major closure at …
PetroChina Set to Shut Top North China Refinery in 2025, Sources Say Read More »
Companies that profit from fossil fuels claim the increase in electricity demand driven by data centers will trigger investment in clean energy — in the long run. Big energy companies are making the case that skyrocketing electricity demand from data centers — and the need to build more power sources to meet it — will …
AI Power Demand Might Actually Turn Out to Be Good for Climate Read More »
Companies that profit from fossil fuels claim the increase in electricity demand driven by data centers will trigger investment in clean energy — in the long run. Big energy companies are making the case that skyrocketing electricity demand from data centers — and the need to build more power sources to meet it — will …
Perspective: AI Power Demand Might Actually Turn Out to Be Good for Climate Read More »
Summary Trump pledges rollback of Biden’s climate law as a top priority Trump allies, fundraisers benefit from the IRA’s key tax credits At least 7 allies, or the companies they run, hold investments in projects eligible for IRA subsidies WASHINGTON, Oct 25 (Reuters) – Donald Trump has promised to gut U.S. President Joe Biden’s climate subsidies if elected. But …
Trump Hates Biden’s Climate Law But His Allies are Making Money From It Read More »
(Reuters) – Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday. If the talks are successful, the deal would help the natural gas producer slash the debt pile it accumulated …
Blackstone In Talks To Buy US Pipeline Stakes From EQT for $3.5 Billion, Sources Say Read More »
by EnergyNow Staff Data centers, the backbone of modern digital infrastructure, require substantial power for several reasons. They host thousands of servers, networking equipment, and storage systems, which collectively enable the functioning of the internet, cloud computing, artificial intelligence (AI), and big data analytics. As the demand for digital services has grown, so too has …
Now You Know – Why Do Data Centers Require So Much Power and What Will Power Them? Read More »
(Reuters) – U.S. crude oil refiner Valero Energy Corp said on Thursday it is considering a range of options that could include selling its two California refineries due to growing regulatory pressure in the state. Chief Executive Lane Riggs said during a conference call “all options are on the table” for the company’s two California …
Valero CEO Says All Options Are On The Table For Two California Refineries Read More »
By Arathy Somasekhar US shale producers continue to restrain production growth Companies such as Enbridge expand capacity on existing lines Deepwater oil export projects struggle to attract customers HOUSTON, Oct 24 (Reuters) – Top executives of two U.S. energy pipeline operators on Thursday ruled out building new crude oil lines to move volumes out of …
New Permian Oil Pipelines Unlikely to be Built, Say Top Operators Read More »
U.S. energy pipeline operator Enterprise Products is not considering adding a new crude oil line out of the Permian shale field in West Texas, co-CEO Jim Teague said on Thursday. A wave of consolidation in the top U.S. shale field has concentrated output in the hands of companies that are promising to restrain output so …
Enterprise Products Not Considering New Permian Oil Pipeline, says Co-CEO Read More »
