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U.S. AI Task force Co-Chair Asks FERC to Support Co-Located Data Centers – Letter

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

A co-chair of the U.S. Congressional artificial intelligence task force urged federal energy regulators this week to support the development of data centers directly connected to power plants, citing national security and competition for global AI dominance, according to a letter seen by Reuters dated Dec. 5. U.S. Congressman Jay Obernolte said the Federal Energy …

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No Concerns Over Trump Vow to Lift LNG Exports Cap, Qatar Energy Minister Says

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Qatar has no concerns about U.S. President-elect Donald Trump’s promise to lift a cap on liquefied natural gas (LNG) exports, Qatar’s Energy Minister Saad al-Kaabi said on Saturday, adding his country would cope with any competition. “And you know even if you open up LNG and say we’re going to export another 300 …

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Oilfield Services Provider Flowco Files for U.S. IPO

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

Oilfield services provider Flowco Holdings said on Friday it has filed for a U.S. initial public offering, the latest to capitalize on the recent revival in investor appetite for newly listed stocks. The U.S. IPO market, which had largely avoided large deals for nearly three years, is experiencing a revival as improving investor sentiment and …

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Chevron CEO Says No Discussions with President-Elect Trump on Venezuela

Conventional Energy, Latest, Oil, US News / By

Summary Chevron supports U.S. policy on Venezuela, aims for better future for Venezuelans Wirth suggests setting limits on use of strategic petroleum reserve (Reuters) – Chevron, the only U.S. oil producer now working in Venezuela’s oilfields, has not held any discussions with President-elect Donald Trump’s team over the company’s operations in the country, CEO Michael Wirth said …

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U.S. Drillers Add Oil and Gas Rigs for First Time in 8 Weeks -Baker Hughes

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

Dec 6 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by seven to 589 in the week to …

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Goldman Sachs Maintains 2025 Brent Oil Price Forecast at $76 Per Barrel

Conventional Energy, Latest, Oil, US News / By

Goldman Sachs on Friday maintained its forecast for Brent oil to average $76 per barrel in 2025, citing a balanced market situation, with lower OPEC+ supply offsetting an unexpected surge last month in commercial inventories at Organisation for Economic Co-operation and Development countries. “We maintain our annual average Brent forecasts of $76/bbl in 2025 and …

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BP Seeks Buyers for U.S. Natural Gas Pipeline System Stake, Sources Say

Energy Topics & Technology, Latest, Pipelines, US News / By

BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said. The British energy company could raise up to $3 billion from the sale, two of the people said, with one of them adding that BP may sell up to a 49% stake in …

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A Winter Weather Puzzle Is Raising the Risk of Meteoric Energy Inflation

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

Natural gas, wheat and other commodities are poised for a rollercoaster ride on geopolitical tensions and shifting forecasts for cold. A winter forecasting enigma is poised to send prices for energy and food on a bumpy ride in the next few months, with commodities from natural gas to wheat at risk of breakneck gains against a backdrop of geopolitical …

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J.P. Morgan Expects Demand Trends to Favor US Natgas Over Oil

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

** J.P. Morgan expects natural gas producers to benefit from three distinct demand trends; build-out of LNG export capacity, rising power demand from electrification and coal-to-gas switching ** Says expectations of record U.S. oil supply, OPEC+ barrels return in 2025, Non-OPEC 2025 supply growth and potential policy de-regulations due to Republicans gaining control of the …

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Trump’s Canada Tariffs Would Betray His Midwest Supporters

Latest, Oil, US News / By

A 25% levy on imports would freeze out the Michigan and Wisconsin voters who helped propel him to victory. By Patricia Lopez The Midwest is in for a cold, costly winter if President-elect Donald Trump succeeds in imposing 25% tariffs on Canada and Mexico. The US buys nearly all the crude oil that Canada produces, but no region …

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