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AI Power Demand Complicates Low-Carbon Goals, Dominion CEO Says

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Nuclear, US News / By

Data centers make it harder to retire fossil-fuel plants Demand also spiking from new factories and electric vehicles The boom in power demand from data centers and artificial intelligence creates a conflict between maintaining a reliable grid and cutting carbon emissions, according to the head of Dominion Energy Inc. “There’s a little bit of tension there …

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Republican Sweep Opens Way to Boost Oil and Gas Development

Conventional Energy, Latest, LNG, Natural Gas, Oil, US News / By

‘Slight’ limits likely on Biden clean energy tax incentives GOP also likely to roll back Biden environmental regulations Republicans are poised to pave the way to expand fossil fuel development, roll back Biden-era environmental regulations and curtail President Joe Biden’s signature climate law after securing unified control of Congress and the White House. Republicans completed the feat …

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Carbon Markets Give Environmentalists Hope After U.S. Elections

Conventional Energy, Latest, Natural Gas, Oil, US News / By

By Ross Kerber (Reuters) – The opinions expressed here are those of the author, a columnist for Reuters. A rare bright spot for environmentalists in last week’s U.S. election results came in Washington State, where voters easily defeated an attempt to end the state’s carbon market by a margin of 62% to 38%. Analysts said the result …

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Inflation Pushes Norway’s Oil, Gas Sector to Record Investments

CDN and International News, Conventional Energy, Latest, Natural Gas, Oil / By

Summary Statistics office conducts oil, gas investment survey 2024 forecast steady vs August, 2025 outlook raised Rising costs drive up price of new field developments (Reuters) – Investment in Norwegian oil and gas projects will rise to a record this year and may increase further in 2025 as inflation pushes up the costs of development, …

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Coterra Energy to Buy Oil and Gas Assets for $3.95 billion

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

U.S. oil and gas producer Coterra Energy said on Wednesday it would acquire certain assets of Avant Natural Resources and its affiliates and Franklin Mountain Energy in New Mexico for an aggregate consideration of $3.95 billion in cash and stock deals. The transactions are expected to close during the first quarter of 2025. The company …

Coterra Energy to Buy Oil and Gas Assets for $3.95 billion Read More »

Trump’s Cabinet: Who’s Been Picked, Who’s in the Running?

Conventional Energy, Latest, LNG, Natural Gas, Oil, Tri-Pinned, US News / By

Donald Trump has begun the process of choosing a cabinet and selecting other high-ranking administration officials following his presidential election victory. Here are the early picks and top contenders for some of the key posts overseeing defense, intelligence, diplomacy, trade, immigration and economic policymaking. Some are in contention for a range of posts. SUSIE WILES, …

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US Natgas Prices Hold Near 5-Week High as Lower Demand Offsets Weaker Output

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures held near a five-week high on Tuesday as the market took a breather after soaring 9% in the prior session, with forecasts for lower demand than previously expected over the next two weeks offsetting a drop in output and expectations heating demand will rise when the weather turns seasonally cold in …

US Natgas Prices Hold Near 5-Week High as Lower Demand Offsets Weaker Output Read More »

Exxon CEO Goes Into the Lion’s Den to Tout Fossil Fuels

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Darren Woods tells COP that demand will keep rising, and the world needs an energy transition that’s profitable for companies like his. Bloomberg News For the second year running, the chief executive officer of the largest US oil company made an appearance at the COP climate talks. And Darren Woods, seen as a climate criminal by many …

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U.S. Dependence on Canada’s Oil Should Deter Trump Tariffs, Industry Says

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Summary Most of Canada’s 4 million bpd of oil exports to go U.S. U.S. cannot easily replace Canadian barrels Stronger U.S. dollar could benefit Canadian producers, says analyst (Reuters) – Canada’s energy industry does not expect U.S. President-elect Donald Trump’s broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many …

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U.S. Sets Methane Fee on Oil, Gas Emitters as Biden Term Winds Down

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

A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. REUTERS/Angus Mordant/File Photo Summary Repeal of methane fee likely during Trump presidency Methane fee starts at $900 per metric ton in 2024 Applies to facilities emitting over 25,000 T of CO2 equivalent annually …

U.S. Sets Methane Fee on Oil, Gas Emitters as Biden Term Winds Down Read More »

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