Natural Gas

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AI’s Energy Hunger Fuels Geothermal Startups but Natgas Rivalry Clouds Future

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

(Reuters) – Geothermal energy startups are on the upswing with Big Tech companies looking to feed their power-intensive AI data centers, but long-term investments remain uncertain as oil majors double down on natural gas. Meta  and Alphabet’s  Google are among the tech companies partnering with startups proposing to produce geothermal electricity, to power their data centers. Large …

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Biden Administration Releases LNG Export Study, Urging Caution on New Permits

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

(Reuters) – The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday, saying the results underscored the need for a cautious approach to new permits. Biden in January had paused the Department of Energy’s approvals of U.S. LNG exports to big …

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Exxon’s AI Power Play Aims to Beat Nuclear

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

By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. To most of us, a power plant is a source of electricity. To Exxon Mobil Corp., it’s a machine that converts natural …

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AI Wants More Data. More Chips. More Real Estate. More Power. More Water. More Everything

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

It looks easy enough: Ask ChatGPT something, and it responds. But pull back the curtain, and you’ll find that every ChatGPT prompt and Microsoft Copilot task consumes vast resources. Millions of human beings engineering, correcting and training models. Enough terawatt-hours of electricity to power countries. Data center mega­campuses around the world. Power line networks and …

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International Energy Agency (IEA) Statistics: Monthly Gas Statistics – Including up to September 2024

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

The latest IEA’s Monthly Gas Statistics report including September 2024 data shows that for Total OECD:                                                        Production of natural gas decreased by 1.8% compared to September 2023. Imports (entries)1 of natural gas were 2.7% higher on a year-on-year basis, and total OECD exports (exits)1 increased by 6.8% in the same period. Gross consumption of natural gas increased by 0.3% in September 2024 on a year-on year basis. …

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Fossil Fuels Initially Needed for AI Boom, Nuclear Expert Says

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil / By

Tepco adviser Klein says gas likely required in the short term Japan is going to need ‘more and more electricity,’ he says The rise of artificial intelligence will drive a surge in electricity demand that’ll initially be met by fossil fuels, before nuclear replaces that source, the head of a body advising Japan’s top utility …

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US Natgas Prices Climb 4% to One-Week High on Colder Forecasts, Rising LNG Feedgas

Latest, Natural Gas, US News / By

U.S. natural gas futures climbed about 4% to a one-week high on Wednesday on forecasts for colder weather and higher heating demand than previously expected and an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants. Front-month gas futures for January delivery on the New York Mercantile Exchange rose 11.9 …

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Gassier But Cleaner US Power System Hits New Output Record in 2024

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

(Reuters) – U.S. power producers have raised total generation to new highs in 2024, fuelled mainly by record natural gas-fired output alongside a sharp jump in generation from renewable sources. Natural gas plants remain the key pillar of U.S. generation, accounting for a record 42% of total power production from January through November, according to …

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Oilfield Service Companies Add More Jobs in November, Trade Group Says

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, OFS-Oilfield Services, Oil, US News / By

Oilfield service companies ramped up hiring in November, adding 1,890 jobs in the sector, according to data from trade group Energy Workforce & Technology Council released on Monday. WHY IT’S IMPORTANT Oilfield service hiring can serve as an indicator of the health of the sector. Companies bringing on more employees could imply more drilling to …

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U.S. to Offer Oil and Gas Leases in Alaska Wildlife Refuge on Jan. 9

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

The Biden administration will offer oil and gas drilling leases in Alaska’s Arctic National Wildlife Refuge at a sale on Jan. 9, the U.S. Interior Department said on Monday. The agency will make 400,000 acres available to drillers at the auction, the minimum required by a 2017 law that mandated the sale. (Reporting by Nichola …

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