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On Wall Street, Frustration Is Mounting That AI Will Hijack the Climate Debate

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

By Alastair Marsh Of all the ways in which artificial intelligence might destroy humanity, its carbon footprint is far down the list for some of Wall Street’s most prominent climate experts. Aniket Shah, the Jefferies executive who heads the bank’s strategy on sustainability and the energy transition, says he’s asking the global finance industry not …

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US LNG Producers Eye Bonanza If Trump and Xi Can Ease Tariffs

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

The US liquefied natural gas industry will be watching this week’s meeting between Donald Trump and Xi Jinping for any sign Beijing will remove tariffs on American LNG. Such a move could open the floodgates for billions of dollars’ worth of new supply deals. China imposed a 15% levy on imports of the super-chilled fuel …

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Nvidia Buying an Additional $1.5 Billion in SB Energy Shares Ahead of IPO

Artificial Intelligence, Energy Topics & Technology, Latest, US News / By

By Nick Turner The Nvidia Corp. logo displayed outside the company’s offices in Shanghai.Photographer: Qilai Shen/Bloomberg Nvidia Corp. is buying an additional $1.5 billion in shares of SB Energy Inc., a data center provider backed by SoftBank Group Corp., ahead of that company’s US initial public offering. Nvidia, the largest maker of artificial intelligence processors, …

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Trump’s Venezuela Oil Deal Hinges on Decrepit and Distant Fields

Conventional Energy, Latest, Oil, US News / By

By Fabiola Zerpa, Mie Dahl, and Peter Millard The US-backed venture will struggle to reach its production goal, experts say. The success of the Trump administration’s blockbuster Venezuela oil deal is riding on fields that are aging, degraded or expensive to access. The agreement last month with Alejandro Betancourt, an energy mogul with a controversial …

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Trump-Xi Talks Could Mean $6 Billion of US Gas for China

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

By Stephen Stapczynski and Ruth Liao China’s leader Xi Jinping will arrive in Washington this week with at least one easy option to score points with the Trump administration — a commitment to revive a $6 billion-a-year trade in US liquefied natural gas. The US is the world’s largest exporter of LNG and China is …

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Rising Imports of Oil by China Pose Another Risk to the Price of Crude

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

The world’s second largest economy has increased its crude oil imports for two months following a trough in June By Gigi Suhanic China could once again wield its hand in the crude oil market after the world’s largest importer of the fossil fuel helped keep prices from rising more than they did, say oil market …

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EU to Require Data Centres to Disclose Energy and Water Efficiency

Artificial Intelligence, CDN and International News, Energy Topics & Technology, Latest / By

  (Reuters) – The European Commission proposed rules on Monday requiring data centres in Europe to disclose how efficiently they use energy ​and water, as concerns grow over their consumption of resources. The EU ‌wants to triple its data centre capacity over the next seven years, to support the rapid development of artificial intelligence and …

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Halliburton Signs Venezuela Energy Pacts With Eneva, WESCA

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

By Reuters (Reuters) – Halliburton has signed memorandums of understanding with Brazilian energy company Eneva and WESCA to pursue oil ​and gas development opportunities in Venezuela, the ‌U.S. oilfield services provider said on Monday, as companies seek a potential revival of investment in the country’s long-underdeveloped energy ​sector Companies with existing positions in Venezuela, as …

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Goolsbee: Clear ‘What Has to Happen’ if Inflation Does Not Decline

Energy Topics & Technology, Finance, Forecasts, Latest, US News / By

(Reuters) – Chicago Fed president Austan Goolsbee said he is open to the possibility that inflation will begin declining to the 2% target, but if that does not happen interest rates will need to rise. “Right now, we do not have an employment problem, and we do have an inflation problem,” Goolsbee said. “I’m open …

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