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LONDON, Jan 24 (Reuters) – Chevron said on Friday it had started production at a $48 billion expansion of the giant Tengiz oilfield in Kazakhstan which will bring its output to around 1% of global crude supply. The expansion is expected to reach full capacity of 260,000 barrels per day by June, lifting overall production …
Chevron Starts $48 Billion Kazakh Oilfield Expansion Read More »
The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers. Blackstone Energy Transition Partners has agreed to buy the 774-megawatt natural gas-fired power plant in …
Blackstone to Buy $1 billion Virginia Power Plant Near Data Centers Read More »
WASHINGTON — Experts say U.S. President Donald Trump’s push for the OPEC+ alliance of oil exporting countries to bring down the cost of oil conflicts with the Republican leader’s own plans to make America energy-dominant. Trump made the comments in a wide-ranging address to the World Economic Forum in Davos, Switzerland on Thursday. He also …
Trump’s Call for OPEC to Bring Down Cost of Oil Conflicts With His Agenda Read More »
By Sheila Dang and Valerie Volcovici Oil companies cautious on Alaska as policy reversals possible US oil production already at record levels Industry seeks long-term certainty beyond executive orders HOUSTON/WASHINGTON, Jan 23 (Reuters) – U.S. oil and gas companies are unlikely to expand development in Alaska and the Arctic following President Donald Trump’s executive order …
Oil Industry Unlikely to Rush to Alaska Despite Trump’s Call to Drill Read More »
By Timothy Gardner Europe trying to reduce dependency on gas from Russia Trump not worried about export effect on domestic gas price Trump says ‘clean coal’ could back up some power plants Jan 23 (Reuters) – President Donald Trump said on Thursday the United States would guarantee supplies of liquefied natural gas to Europe, even …
Trump Says US Will Guarantee LNG Supplies for Europe Read More »
Exxon Mobil says that new LNG supply not easily available now Europe is reluctant to commit to new long-term contracts US President Donald Trump’s plan to quickly sell more liquefied natural gas to the world could face difficulties due to limited supplies this year and reluctance in Europe to commit to long-term deals. “The problem is …
Trump Plan to Sell More LNG Fast Faces Obstacles, Exxon Says Read More »
(Reuters) – U.S. Senate committees on Thursday approved President Donald Trump’s choices to run energy and environmental policy – officials who, if backed by the full Senate, will seek to maximize fossil fuel output and scrap chunks of climate policy. The panel voted 18-2 to approve former North Dakota governor Doug Burgum to lead the …
Senate Panel Approves Trump’s Picks to Run Energy, Interior Departments Read More »
U.S. crude oil stocks, excluding the Strategic Petroleum Reserve, fell by 1.02 million barrels to 411.66 million barrels in the week ended Jan. 17, the lowest since March 2022, according to U.S. Energy Information Administration data released on Thursday. That was the ninth consecutive weekly drawdown from U.S. crude oil inventories, the longest such streak …
US Crude Oil Stocks Hit Lowest Since March 2022 Last Week, EIA Data Shows Read More »
(Reuters) – U.S. President Donald Trump on Thursday said he would demand that interest rates drop immediately, and that other countries should follow suit – marking his first broadside at Federal Reserve monetary policymaking since taking office just three days ago. “With oil prices going down, I’ll demand that interest rates drop immediately, and likewise …
Trump Says He Will Demand Lower Interest Rates Immediately Read More »
(Reuters) – The United States needs double the energy it has to power rapidly emerging artificial intelligence operations, U.S. President Donald Trump said on Thursday. Trump said he would give emergency declarations to allow companies working on AI to start building plants “almost immediately” given intensive competition with China. “The big problem is we need …
Trump Says US Needs Double the Energy it has to Power AI Read More »
