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Trump Moves to Have Tech Giants Pay for Surging Power Costs

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

By Jennifer A Dlouhy and Naureen S Malik A power substation near a data center in Ashburn, Virginia. Photographer: Nathan Howard/Bloomberg President Donald Trump and the governors of several US Northeastern states agreed to push for an emergency wholesale electricity auction that would compel technology companies to effectively fund new power plants. The unprecedented plan, …

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Oil Wildcatter Hamm Is Halting Drilling in the Bakken

Conventional Energy, Latest, Oil, US News / By

Concerns over a global crude glut have pressured prices, weighing on profits. By David Wethe Harold Hamm, the billionaire wildcatter who helped kick off the US shale oil revolution, is once again making history. This time it’s a sign of retrenchment. Hamm said he’s about to shut down drilling in North Dakota’s Bakken for the …

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Trump Officials Vow to Keep All US Coal Plants Running

Coal, Conventional Energy, Latest, US News / By

By Jennifer A Dlouhy and Will Wade Trump administration officials vowed to keep US coal power plants operating, casting it as an imperative to meet surging electricity demand and drive a revival of the nation’s industrial base. “The goal is 100% open,” said Interior Secretary Doug Burgum. “That’s the standard we’re operating against.” Burgum’s comment …

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What Excites and Worries LNG Exporters in 2026: Maguire

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, LNG, US News / By

(Reuters) – The year 2025 in the LNG sector will be one for the history books after production and exports of the super-chilled fuel smashed records and raked in billions of dollars in revenues across the global liquefied natural gas supply chain. A 25% surge in LNG purchases by European countries was a key highlight …

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US Oil Refiners’ Weekly Capacity to Fall by 450,000 Barrels Per Day, IIR Energy Says

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

(Reuters) – U.S. oil refiners are expected to have about 724,000 barrels per day of capacity offline in the week ending January 16, decreasing available refining capacity by 450,000 bpd, research company IIR Energy said on Friday. Offline capacity is expected to rise to 1.1 million in the week ending January 23, IIR said. The …

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US Judge to Weigh Dominion Request to Restart Virginia Offshore Wind Project Stopped by Trump

Latest, Renewable Energy, US News, Wind / By

  (Reuters) – A federal judge on Friday will consider whether to allow Dominion Energy  to resume construction on its $11.2 billion Virginia offshore wind project in a lawsuit against the Trump administration over its suspension of the venture. The hearing in U.S. District Court for the Eastern District of Virginia will be the third time …

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Oil Prices Edge Higher as Supply Risks Remain in Focus

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Benchmark prices hit multi-month highs this week Significant price volatility remains likely, say BMI analysts Underlying balance still points to ample supply, says Phillip Nova analyst (Reuters) – Oil prices rose slightly on Friday as supply risks remained in focus despite the receding likelihood of a U.S. military strike against Iran. Brent crude gained …

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Venezuela’s Rodriguez Proposes Oil Reform to Facilitate Investment

CDN and International News, Latest, Oil / By

Venezuela’s interim President Delcy Rodriguez said on Thursday that she was submitting a proposal to reform the country’s hydrocarbon law, as investors in the U.S. push for easier access to the South American country’s oil industry. Rodriguez said the reforms would “allow these investment flows to be incorporated into new fields, fields where no investment …

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US Energy Chief Says US Getting 30% Higher Price for Venezuelan Oil Than Venezuela Did Weeks Ago

Conventional Energy, Latest, Oil, US News / By

U.S. Energy Secretary Chris Wright said on Thursday the U.S. is getting a 30% higher price for Venezuelan crude oil than Venezuela got before U.S. special forces captured President Nicolas Maduro earlier this month. “We’re getting about a 30% higher realized price when we sell the same barrel of oil than they sold the same …

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US Shale Producers Devon Energy and Coterra Energy in Merger Talks, Sources Say

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, US News / By

Devon Energy and Coterra Energy are exploring a potential merger, in a deal that could create one of the largest independent U.S. shale producers, people familiar with the matter said. A possible combination, which would rank among the largest between U.S. energy producers in recent years, comes as U.S. crude prices remain pressured by a …

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