Energy Topics & Technology

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Exclusive: Canada’s Trans Mountain Pipeline Lowers Forecasts for Amount of Oil it Ships

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

By Amanda Stephenson Construction cost overruns boosted fees for shipping oil on line Regulators will hold hearing on whether higher costs are fair Potential US tariffs may still boost Trans-Mountain’s appeal CALGARY, April 2 (Reuters) – Canada’s Trans Mountain oil pipeline has downgraded forecasts for the amount of oil expected to flow through its system …

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Tesla Sales Tumble 13% as Musk Backlash, Competition and Aging Lineup Turn Off Buyers

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

By Bernard Condon Original: financialpost.com/pmn/tesla-sales-drop-13-in-first-quarter-as-elon-musk-backlash-aging-models-hurt-demand Tesla sales fell 13 per cent in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers. The double-digit drop is likely due to a combination of factors, including its aging lineup, competition from rivals and a backlash …

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US Crude and Distillate Inventories Rise, Gasoline Stocks Fall, EIA Says

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

(Reuters) – U.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 6.2 million barrels to 439.8 million barrels in the week ending March 28, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.1 million-barrel draw. …

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Huge AI Data Center Planned for Pennsylvania Coal Plant Site

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

A huge natural gas-powered data center that will serve the growing demands of artificial intelligence is being planned for the site of a former coal-fired power plant in Pennsylvania. The 3,200-acre (1,295-hectare) data center campus, located about 50 miles east of Pittsburgh, will be developed at the location of Homer City Generation, previously the state’s …

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ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion

Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

(Reuters) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 billion takeover of Marathon Oil last year, people familiar with the matter said. The energy producer has hired investment bank Moelis & Co to run the sale process for the assets, the sources said, adding …

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Diamondback Energy, Inc. Announces Closing of Double Eagle Acquisition

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

MIDLAND, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has completed its previously announced acquisition of certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”). About Diamondback Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, …

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Sempra to Sell Assets as Utilities Raise Money for AI Boom

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

Sempra plans to sell some natural gas assets, including a Mexican fuel distributor and a minority stake in its liquefied natural gas business, to “simplify the company’s portfolio” and support growth for its Texas and California utilities. Summary by Bloomberg AI The move is part of a trend among US power companies to raise capital …

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Why Trump’s ‘Drill, Baby, Drill’ Is Not as Easy as It Seems

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

President Donald Trump promised on the campaign trail to lower energy costs for consumers by increasing US oil and gas production. He’s continued with that refrain in office. “As you’ve heard me say many times, we have more liquid gold under our feet than any nation on Earth,” he said during his address to a joint session …

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Stellantis Shift to Hybrids Causes Production Delays in Europe – “There is No Market for EVs Right Now”

Electric Vehicles, Energy Topics & Technology, Latest / By

Stellantis sold 5.5 million vehicles last year, including roughly 2.6 million in Europe, and generated sales of €156.9 billion Bloomberg News Stellantis NV’s strategy to make more hybrids is causing manufacturing delays in Europe because the automaker can’t source enough parts. This month the company produced 20,000 fewer vehicles than expected as it didn’t have …

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Energy Leads S&P 500 Sector Advances as Q1 Draws to Close

Conventional Energy, Energy Topics & Technology, Finance, Latest, LNG, Natural Gas, Oil / By

** As Q1 draws to a close, energy looked set to come out the top performer among the S&P 500’s major industry sectors for the quarter, with a ~9% gain for the period  ** Energy, up 0.7% on Mon, is also among the best-performing sectors of the day, outperforming the broader market, with the S&P …

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