(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Tuesday. The oil and gas rig count, an early indicator of future output, rose by three to 545 in the week to December …
US Drillers Add Oil, Gas Rigs For First Time in Three Weeks, Baker Hughes Says Read More »
(Reuters) – Venezuela’s state-run oil company PDVSA has started filling up tankers with crude and fuel oil it has in storage as inventories mount amid moves by the U.S. to seize Venezuela-linked ships, according to company documents and shipping data. The U.S. Coast Guard this month intercepted the Skipper and Centuries tankers in the Caribbean …
Venezuela Resorts to Floating Storage as Onshore Tanks Fill Up Amid Ship Seizures Read More »
* AI data center electricity demand revives peaker power plants * Peakers emit more pollution when they run than typical power plants * The power plants are often located in low-income, minority communities By Laila Kearney In Chicago’s working-class Pilsen neighborhood, a 60s-era oil-fired power plant rises up from an industrial lot behind Dvorak Park, …
AI Data Centers are Forcing Obsolete ‘Peaker’ Power Plants Back into Service Read More »
PALM BEACH, Florida, Dec 22 (Reuters) – U.S. President Donald Trump said on Monday the United States would maybe keep and maybe sell the oil it had seized off the coast of Venezuela in recent weeks, adding the United States would also keep the seized ships. “Maybe we will sell it, maybe we will keep …
US Might Keep or Might Sell Oil Seized Near Venezuela, Trump Says Read More »
By Dorothy Neufeld | Graphics/Design Joyce Ma Key Takeaways Oil, coal, and natural gas were the leading sources of global energy demand in 2024. While coal demand is set to drop the most by 2050, solar and wind demand is forecast to surge. Fossil fuels powered 80% of global energy demand in 2024, with this …
Charted: Global Energy Demand by Fuel Type (2024-2050P) – Visual Capitalist Read More »
December 22 (Reuters) – Oil tanker loadings slowed on Monday in Venezuela, with most vessels carrying oil shipments only between local ports, sources and ship tracking data showed, following U.S. actions targeting two more ships and as Venezuelan state oil company PDVSA struggles to recover from a cyberattack. U.S. authorities said the U.S. Coast Guard …
Oil Loadings in Venezuela Slowed and Ships Changed Course After New US Measures. Read More »
Dec 22 (Reuters) – Alphabet (GOOGL.O) said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence. Big Tech has ramped up investments in energy firms as U.S. power grids struggle …
Alphabet to Buy Clean Energy Developer Intersect in $4.75 Billion Deal Amid AI Push Read More »
By Patricia Garip and Jennifer A Dlouhy The Bella 1 tanker in March. Photographer: Hakon Rimmereid/MarineTraffic The US is still in pursuit of a third oil tanker near Venezuela, according to a US official, as President Donald Trump intensifies an oil blockade on Nicolás Maduro’s government. The Bella 1 tanker, a Panamanian-flagged vessel sanctioned by …
US Still in Pursuit of Third Oil Tanker in Venezuela Blockade Read More »
Suspension affects Orsted, Avangrid, Dominion Energy, Equinor projects Pentagon raises concerns over radar interference from turbine blades, towers Trump campaigned for White House on promise to end offshore wind industry Dec 22 (Reuters) – The Trump administration suspended leases on Monday for five large offshore wind projects that are under construction off the U.S. East …
US Freezes Five Big Offshore Wind Projects, Shares Dive Read More »
China’s foreign ministry on Monday said the United States’ seizure of another country’s ships was a serious violation of international law, after the U.S. intercepted a China-bound oil tanker off the Venezuelan coast. Venezuela has the right to develop relations with other countries, China’s foreign ministry spokesperson Lin Jian said at a daily press briefing, …
China Says US Seizure of Ships ‘Serious Violation’ of International Law Read More »
