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COMMENTARY: Emissions Are Still Rising. That Doesn’t Mean We’re Failing

Conventional Energy, Emission Reduction, Energy Topics & Technology, Environment, Latest, Natural Gas, Oil, US News / By

By Lara Williams Lara Williams is a Bloomberg Opinion columnist covering climate change. Takeaways by Bloomberg AI The Paris Agreement aims to limit climate change to “well below 2C above pre-industrial levels” and pursue efforts to keep the increase close to 1.5C, but carbon emissions continue to grow. Many experts believe the 1.5C temperature target is …

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Nuclear Developer Proposes Using Navy Reactors for Data Centers

Conventional Energy, Latest, Nuclear, US News / By

Repurposing military reactors for such civilian use, however, is unchartered territory Bloomberg News A Texas power developer is proposing to repurpose nuclear reactors from Navy warships to power the United States grid as the Trump administration pushes to secure massive amounts of energy for the artificial intelligence boom. HGP Intelligent Energy LLC filed an application to the Energy Department to redirect two …

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COMMENTARY: Wind Energy Blown Off Course in 2025, Set For 2026 Uplift

Latest, Renewable Energy, US News, Wind / By

By Gavin Maguire LITTLETON, Colorado, Dec 23 (Reuters) – Like any industry, wind energy has had its good and bad years. But 2025 may be one of the worst: a toxic stew of major policy reversals, corporate upheaval and sub‑par generation in key markets. U.S. President Donald Trump’s policy U-turn on renewable energy likely ranks …

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Kazakhstan’s December Crude Exports Sink to 14-Month Low After Ukraine Drone Strikes

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

By Robert Harvey CPC Blend exports drop to 1.14 million bpd from initially planned 1.7 million bpd Kazakhstan may have to curb output, given lack of alternative export routes, analyst says Global oil majors hold stakes in Kazakh oil industry MOSCOW/LONDON, Dec 24 (Reuters) – Kazakhstan’s exports of its flagship CPC Blend of oil will …

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NIPSCO Receives Federal Order to Keep Indiana Coal Plant Running

Coal, Conventional Energy, Latest, US News / By

Dec 24 (Reuters) – Northern Indiana Public Service Company on Wednesday said it has received a federal order requiring the continued operation of R.M. Schahfer generating station beyond its planned December 31, 2025, retirement date. The order directs the Indiana-based plant to remain open for 90 days from the date of the order, the firm …

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China Overtakes OPEC+ as the Main Oil Price Maker

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

Clyde Russell LAUNCESTON, Australia, Dec 23 (Reuters) – Conventional wisdom in the crude oil market is that producers such as OPEC+ largely determine the price by altering output levels to achieve a desired outcome. That shibboleth was challenged in 2025 by China, which used its status as the world’s biggest oil importer to provide an effective price floor …

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Malaysia’s Petronas signs LNG supply deal with China’s CNOOC

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

Malaysian state-owned energy firm Petroliam Nasional said on Wednesday it would supply Chinese offshore oil and gas company CNOOC with 1 million metric tons per annum of liquefied natural gas (LNG).   The agreement between Petronas LNG and CNOOC Gas and Power Singapore Trading & Marketing builds upon existing cooperation between the two companies, Petronas said in a …

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BP Nears Deal to Sell Majority Stake in Castrol to Stonepeak, WSJ Reports

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

BP is nearing a sale of a majority stake in its Castrol lubricants unit to investment firm Stonepeak in a deal that values the entire division at $10 billion, including debt, the Wall Street Journal reported on Tuesday. As part of the deal, BP is set to receive roughly $6 billion in proceeds from the …

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US Tells UN it Will Deprive Venezuela’s Maduro, Drug Cartel of Resources

Latest, US News / By

(Reuters) – The United States told the United Nations on Tuesday it will impose and enforce sanctions “to the maximum extent” to deprive Venezuelan President Nicolas Maduro of resources as Russia warned other Latin American countries could be next. U.S. President Donald Trump’s administration has for months waged a campaign of deadly strikes against suspected …

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US Drillers Add Oil, Gas Rigs For First Time in Three Weeks, Baker Hughes Says

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

(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 …

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