AI is Here—for Better or Worse—and Changing the Energy Landscape
Last year, people started talking about AI’s impact on natural gas demand. This year, it’s finally starting to take shape.
Latest
Senate GOP Favors Round-The-Clock Power Over Solar and Wind
The Senate’s tax bill would boost baseload electricity — including nuclear and geothermal power — while slashing incentives for intermittent sources. By Mark Chediak A cooling tower at a nuclear power plant in Middletown, Pennsylvania, in 2024. Photographer: Heather Khalifa/Bloomberg Senate Republicans would use their version of Donald Trump’s massive tax and spending bill to …
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UAE Oil Firm ADNOC Upping US Investments, Says AI Once-in-a Generation Investment Opportunity
(Reuters) – ADNOC chief Sultan al-Jaber said on Tuesday the state oil company of the United Arab Emirates was looking to grow its U.S. energy investments six-fold to $440 billion in the next 10 years. “For us, the United States is not just a priority; it is an investment imperative,” Jaber told an audience at …
Iranian and Israeli Energy Sites Impacted by Conflict
(Reuters) – Military strikes between Iran and Israel have prompted concern about potential damage and disruption to the region’s important oil and gas fields and infrastructure. Below are details about these sites and about how they have been affected so far: SOUTH PARS GAS FIELD Israel struck an installation at the South Pars offshore gas …
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Mexico’s Pemex Payment Crisis: Suppliers Threaten July Shutdown
(Reuters) – The Mexican association that groups major global oil services companies warned that it is going through an “unprecedented crisis” due to the lack of payments from the state-owned oil company Pemex, the world’s most indebted energy company. In a letter sent to President Claudia Sheinbaum and released on Monday afternoon, the association warned …
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Commonwealth Taps Petronas as Buyer in LNG Project
Kimmeridge’s Commonwealth LNG has entered deals with two Asian companies in the last two months.
Some Privates Capitalizing on Low Completion Costs Amidst Volatility
Liberty Energy CEO Ron Gusek says he sees private companies in strong financial positions adding rigs to drill while completion costs are low and then waiting for a strong price signal to move ahead on production.
‘Nothing Says NY is On Board’: Williams Faces Pipeline Test, Again
Williams Cos. is moving forward with its previously abandoned Constitution and Northeast Supply Enhancement projects with White House support.
Post Oak Closes $764MM Fund Focused on Permian, Utica, Haynesville
Post Oak has made commitments to five portfolio companies, with capital deployed in the Permian Basin and Utica and Haynesville shales.
SLB Unveils Carbon Storage Technology, Services Portfolio
SLB on June 16 said its Sequestri portfolio offers tailored hardware and digital workflows intended to improve decision-making across the carbon storage value chain.