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US Utilities Grapple with Big Tech’s Massive Power Demands for Data Centers

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, EnergyNow News and Press Releases, Latest, US News / By

Summary • Utilities face challenges predicting future power demand for data centers • Tech companies seek multiple bids, complicating demand forecasts • Rising costs and AI advancements may reduce future power needs NEW YORK, April 7 (Reuters) – U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country …

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US Offshore Wind Farm Projects Slow as Trump Opposition Adds to Hurdles

Latest, Renewable Energy, US News, Wind / By

(Reuters) – Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump’s administration. Offshore wind was a key pillar of former President Joe Biden’s promise that fighting climate change will create jobs and invigorate the economy. In 2023 …

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Gulf Bourses Sink as Recession Worries Sparked by US Tariffs Mount

CDN and International News, Latest / By

Stock markets in the Gulf fell sharply on Sunday as U.S. President Donald Trump’s drastic trade tariffs and countermeasures from China stoked fears of a trade war and the prospect of a global recession.China’s finance ministry said on Friday it will impose additional 34% tariffs on all U.S. goods from April 10 as a countermeasure …

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Wall Street Week Ahead – Shell-Shocked Markets Brace For More Trump Tariff Tumult

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Finance, Latest, LNG, Natural Gas, Oil, Tri-Pinned, US News / By

Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump’s sweeping import levies keeping investors on edge after the worst week for U.S. stocks since the onset of the coronavirus crisis five years ago.Investors will look for signs the stock market may be close to at least a short-term bottom …

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Webinar: Stabilization Solutions for Roads, Highways & Bridges

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You’re invited to join Presto Geosystems for a live, 1-hour webinar to explore how the GEOWEB® Soil Stabilization System can strengthen infrastructure resilience for your road, highway, and bridge projects. Webinar Description Infrastructure development for highways and road corridors faces many challenges when it comes to project design and construction. Building asphalt or concrete roadways …

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Panama Canal to Open Bidding for LPG Pipeline, Authority Says

CDN and International News, Latest, Natural Gas / By

Reuters) – The Panama Canal has authorized the opening of a bidding process for a new pipeline that will transport liquefied petroleum gas (LPG) across the interoceanic waterway, its authority said on Friday. Since Panama’s Supreme Court last year ruled the return of areas near the canal to its administration, the planning of projects to …

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Seeking to Punish Cheaters, Saudi Arabia Pushes OPEC+ to Open Oil Taps

CDN and International News, Latest, Oil / By

Summary • Saudi Arabia seeks to punish cheaters – three sources • Oil falls 8% below $65 per barrel, lowest since 2021 • Move revives memories of oil price wars of 2014, 2020 • Production hike, oil price drop to appease Trump (Reuters) – Saudi Arabia’s anger at Kazakhstan and other over producing nations was …

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Chevron to Pay $740 Million to Restore Louisiana’s Coast

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(Reuters) – Chevron was ordered to pay $740 million to restore damages the oil and gas major caused to southeast Louisiana’s coastal wetlands, the Associated Press reported on Friday. The ruling — delivered by a jury — awarded $575 million for land loss compensation, $161 million to compensate for contamination and $8 million for abandoned …

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S&P 500 Loses $5 Trillion in Two Days in Trump Tariff Selloff

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

Global stock markets extended their recent rout on Friday, with S&P 500 companies wiping out $5 trillion in stock market value since U.S. President Donald Trump unveiled sweeping tariffs on Wednesday, while investors fled to the safety of government bonds.The Nasdaq confirmed it was in a bear market, ending more than 20% below its record …

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