By Nora Buli OSLO, Aug 7 (Reuters) – Norway’s government on Friday presented plans to cut red tape and shorten processing of applications to build new onshore wind power plants and transmission lines, amid concerns that a slow buildout in recent years could curb economic activity. The Labour Party government aims to cut in half …
Norway Will Speed Up Onshore Wind Power Developments, Government Says Read More »
By Laila Kearney Texas’ data center approval pause leaves deposits at risk without timeline for grid approvals Projects had to post $50,000 per megawatt in security to enter Batch Zero Draft September rule could increase nonrefundable deposit share to 80% from 20%, interviews show NEW YORK, Aug 7 (Reuters) – After putting up tens of …
(Reuters) – Progress is being made between Iran and Oman on the Strait of Hormuz and “we expect a deal soon,” a U.S. official told Reuters on Friday. Once a deal is announced to restore commercial shipping without impediments, the United States will lift its blockade of Iranian ports, the official said. “There is progress …
US Official: We Expect a Deal Soon Between Iran and Oman on Strait of Hormuz Read More »
(Reuters) – The U.S. Senate easily passed sweeping Russia sanctions legislation on Friday, advancing a long-delayed measure backed by the late Senator Lindsey Graham and setting the stage for consideration by the House of Representatives as soon as next month. Graham, a South Carolina Republican, was among Kyiv’s most outspoken allies in Congress in its …
US Senate Passes Sweeping Russia Energy Sanctions, Next Stop US House Read More »
(Reuters) – U.S. energy firms left the overall rig count unchanged in the latest week, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held at 588 in the week to August 7 from the previous week. Baker …
US Energy Firms Leave Rig Count Unchanged in Latest Week, Baker Hughes Says Read More »
(Reuters) – U.S. oil producer Occidental Petroleum said on Thursday it expects flat production and capital spending in 2027, adding that it would continue to prioritize debt-reduction efforts. Speaking on a post-earnings conference call, Chief Financial Officer Sunil Mathew said the company expects the starting point for capital spending to be $5.9 billion in 2027, …
Occidental Sees Flat Spending, Output in 2027, Keeps Focus on Debt Reduction Read More »
By Nathan Risser US imports of Saudi Arabian oil dropped to zero in July, the first time that’s happened for an entire month since 1985, according to preliminary government data. Saudi oil exports have been disrupted for months as the US-Iran conflict all but shut down Persian Gulf crude flows. Last month, US-bound shipments of …
Saudi Crude Shipments to US Plunge to Zero as Oil Refiners Pivot Read More »
By Mark Gongloff Given America’s political environment, you would be forgiven for thinking the country has slipped into a dark age of energy recidivism; burning oil, gas and coal left and right; and tossing wind and solar farms on the scrap heap. In reality, this is looking a lot like a golden age for renewable …
Trump Is Aiding a Golden Age for Renewable Energy Read More »
By Mark Chediak and Ari Natter The Trump administration has agreed to roughly $4 billion in settlements this year to cancel planned offshore wind projects, including a $1.22 billion deal with German utility RWE AG announced Thursday, with billions more in projects still at risk. In addition to RWE, the Trump administration has reached agreements …
Trump Refunds to Cancel Offshore Wind Projects Total $4 Billion Read More »
By Dana Hull SpaceX plans to build its own power plants to support the massive semiconductor manufacturing facility it’s developing in Texas with Tesla Inc. “We’re bringing our own power,” Riley Trettel, who oversees energy and data center development for SpaceX, said Wednesday during a public meeting in Grimes County, Texas. “We’re going to be …
SpaceX to Build Natural Gas Power Plants for Texas Chip Factory Read More »
