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Siemens Energy CEO Sees Data Center Boom Lasting on Power Needs

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

By Marilen Martin Siemens Energy AG’s Chief Executive Officer Christian Bruch has a message for investors worried about surging spending on data centers: Don’t fear a bubble. “So far, we see reservations more or less one to one converting into effective orders,” Bruch said Wednesday on Bloomberg Television. “I’m relatively comfortable going forward that this …

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Trump Directs Energy Department to Issue Funds to Keep Coal Plants Online

Coal, Conventional Energy, Latest, US News / By

By Valerie Volcovici and Trevor Hunnicutt WASHINGTON, Feb 11 (Reuters) – President Donald Trump on Wednesday ordered the Defense Department to purchase electricity from coal-fired power plants in his latest effort to boost the coal sector. The move, which was announced at the White House as an executive order, calls for the Pentagon to form …

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US Energy Secretary Meets Venezuela’s President as They Face Herculean Task of Oil Recovery

Conventional Energy, Latest, Oil, US News / By

By Marianna Parraga and Nathan Crooks US Energy Secretary Chris Wright met Venezuelan interim President Delcy Rodriguez Visit follows Maduro’s capture, $2 billion oil supply deal US aims to reshape global energy markets and pressure Russia, analyst says HOUSTON, Feb 11 (Reuters) – Venezuela is hosting U.S. Secretary of Energy Chris Wright this week, marking …

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Siemens Energy Profit Soars on AI-Driven Power Demand, Shares Hit Record

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

By Christoph Steitz and Tom Käckenhoff First-quarter net profit surges to 746 million euros Siemens Gamesa’s operating loss narrows to 46 million euros Siemens Energy shares have risen more than ten-fold since 2024 Shares up 5% to record high FRANKFURT/DUESSELDORF, Feb 11 (Reuters) – Siemens Energy’s (ENR1n.DE) net profit nearly tripled in the first three …

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OPEC Data Indicate Small Q2 Surplus Ahead of Key OPEC+ Decision on Resuming Oil Output Hikes

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, US News / By

By Alex Lawler OPEC sees 400,000 bpd drop in demand for OPEC+ oil in Q2 vs Q1 OPEC+ is pausing production hikes in first-quarter 2026 OPEC+ eight members meet on March 1, expected to decide on resuming hikes For 2026, OPEC data indicates supply deficit, in contrast to IEA’s glut LONDON, Feb 11 (Reuters) – …

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US Issues License Authorizing Oil and Gas Exploration and Production in Venezuela, Treasury Says

Conventional Energy, Latest, Oil, US News / By

The U.S. Treasury Department on Tuesday issued a general license authorizing the provision of U.S. goods, technology, software or services for the exploration, development or production of oil and gas in Venezuela, a long-awaited permit that could help increase output in the country. Washington has been relaxing sanctions on Venezuela’s energy industry, first imposed in …

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Alberta’s Smith Says ‘Significant’ Deficits to Come, Rules Out Tax Hikes and Big Cuts

CDN and International News, Latest / By

EDMONTON – Alberta Premier Danielle Smith says “significant” deficits are in store for her province as it tries to grapple with low oil prices. The government’s new budget is set to be unveiled later this month, and Smith says it’s going to be a “tough” one. The premier told RED FM Calgary this week that …

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US Natgas Output to Hit Record High in 2026, While Demand Holds Steady, EIA Says

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

(Reuters) – U.S. natural gas output will rise to a record high in 2026, while demand will hold steady, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA projected dry gas production will rise from a record 107.6 billion cubic feet per day in 2025 to 110.0 bcfd in 2026 …

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Venezuelan Oil Output Could Return to Pre-Blockade Level by Mid-2026, EIA Says

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

(Reuters) – Expanded U.S. licenses for Venezuela-related deals are expected to restore the South American country’s oil production by mid-2026 to levels seen before a U.S. naval blockade in December, the U.S. Energy Information Administration said on Tuesday. Venezuela’s state oil company PDVSA was forced to make deep output cuts after Washington imposed the strict …

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U.S. Will Have to Do ‘Something Very Tough’ If No Deal Reached With Iran, Says Trump

Latest, US News / By

(Reuters) – The United States will have to do “something very tough” if a deal is not reached with Iran, President Donald Trump told Israel’s Channel 12 in an interview published online on Tuesday. “Either we reach a deal or we’ll have to do something very tough,” it quoted Trump as saying. Trump has said …

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