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Over 160,000 US Customers Without Power as Hurricane Milton Approaches

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

(Reuters) – More than 160,000 homes and businesses in Georgia, the Carolinas, Texas and California were without power on Wednesday as Hurricane Milton is expected to make landfall on Florida’s Gulf Coast late Wednesday, according to PowerOutage.us. The utility with the most outages was U.S. energy company Duke Energy, a major supplier in the Carolinas, …

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Woodside Completes $1.2 Bln Tellurian Acquisition

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

(Reuters) – Woodside Energy said on Wednesday it has completed the acquisition of U.S. liquefied natural gas developer Telluria, including its U.S. Gulf Coast LNG export project, for $1.2 billion including debt. Last week, Tellurian shareholders had voted in favour of its proposed acquisition by the Australian energy producer. Woodside said it has renamed the Driftwood LNG …

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Cryptominer MARA Taps U.S. Shale Patch Power Generation in New Pilot Program

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

(Reuters) – MARA Holdings Inc., the world’s largest publicly traded bitcoin miner, has begun producing power in the U.S. shale patch as part of a pilot program to fuel 25 megawatts of its mining operations with excess natural gas, the company told Reuters on Tuesday. The move comes as intensifying competition for electricity between Big …

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Ports Restrict Navigation, Some Oil Facilities Shut as Milton Approaches Florida

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, Pinned Primary, US News / By

Summary Companies Storm expected to miss most oil infrastructure Set to make landfall near Tampa Imports and exports could be temporarily halted Biden approves emergency declaration (Reuters) – At least one oil and gas platform in the U.S. Gulf of Mexico was shut on Monday and Florida ports imposed restrictions on vessel navigation as Hurricane Milton rapidly …

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Tellurian Shareholders Back Proposed $1.2 bln Woodside Deal

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, US News / By

(Reuters) – Tellurian shareholders have voted in favor of the U.S. LNG developer’s proposed $1.2 billion acquisition by Australian energy producer Woodside Energy Group, the company said on Friday. Shares rose 1.4% to 98 cents in premarket trade. Woodside in July agreed to buy Tellurian, including its U.S. Gulf Coast Driftwood LNG export project. The …

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Exxon Sees $1.6 Billion Earnings Hit From Oil, Refining Margins

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

Exxon Mobil Corp. said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period. The oil giant revealed quarterly earnings guidance in a regulatory filing Thursday. The impacts of lower oil prices and shrinking refining margins will be partly mitigated by gains of about $900 million from timing effects and …

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Britain Promises up to $28.5 Bln for Carbon Capture Projects

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

(Reuters) – Britain will provide funding of up to 21.7 billion pounds ($28.5 billion) over 25 years to develop carbon capture and storage (CCS) projects to curb emissions from industry and create new jobs in northern England, the government said on Friday. Britain has a climate target to reach net zero emissions by 2050 and …

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Russia’s Novak Says Market Wary of Oil Supply Cuts Due to Middle East Conflict

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

MOSCOW, Oct 2 (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Wednesday that oil prices have increased as markets do not rule out a decline in oil supply due to the conflict in the Middle East. In televised comments after a meeting of top OPEC+ ministers kept oil output policy unchanged, including a …

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AI Boom Could Spur Large-Scale Investments in Clean Energy

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

CALGARY — The coming boom in artificial intelligence represents both a threat and an opportunity for the clean energy transition, market experts suggest. No longer purely in the realm of the tech sector, AI has in recent years become an energy industry issue. The expected rapid rollout of the energy-hungry data centres needed to power …

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Enbridge to Build Pipelines to Service BP’s Kaskida Oil Hub

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

Oct 3 (Reuters) – Enbridge  said on Thursday it would build and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida oil hub, operated by BP. The pipelines are expected to be operational by 2029 and would cost $700 million, the Canadian firm said. The crude oil …

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