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Slowing US Shale Growth Has Fracking Companies Finding New Markets Abroad

Conventional Energy, Energy Topics & Technology, Fracking, Latest, Natural Gas, Oil, Shale, US News / By

By Emma Sanchez A Tenaris frack set in the Vaca Muerta formation in Argentina, one of the world’s largest shale gas reservoirs. Source: Tenaris US fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere. Over the past two …

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US Offers Largest Ever Energy Loan With $26.5 Billion to Southern Co

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

(Reuters) – The U.S. Energy Department has offered a $26.54 billion loan to subsidiaries of Southern Co to increase grid reliability, the largest ever such financing by its loan office, the department said on Wednesday. The loans will save power customers in Georgia and Alabama more than $7 billion, the department said, without detailing how. …

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OPEC+ to Consider 137,000 bpd Oil Output Increase for April, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – OPEC+ is likely to consider raising its oil output by 137,000 barrels per day for April, three sources with knowledge of OPEC+ thinking said as the group prepares for peak summer demand and a price boost from tensions between the U.S. and OPEC member Iran. The resumption of output increases after a three-month …

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US Crude, Distillate Inventories Rise, Gasoline Stocks Fall, EIA

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

(Reuters) – HOUSTON, Feb 25 – U.S. crude and distillate inventories rose while gasoline stocks fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 16 million barrels to 435.8 million barrels in the week ended February 20, the EIA said, compared with analysts’ expectations in a Reuters poll for a …

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Saudi Arabia Boosts Oil Output, Exports for US Attack on Iran Contingency, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, OPEC / By

(Reuters) – Saudi Arabia is increasing its oil production and exports as part of a contingency plan in case any U.S. strike on Iran disrupts supplies from the Middle East, two sources familiar with the plan said on Wednesday. The Saudi government media office did not immediately respond to a request for comment on the …

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US AI Boom Faces Electric Shock

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

Ron Bousso (Reuters) – Big Tech’s race to dominate artificial intelligence may soon hit a nasty road bump as U.S. electricity grids struggle to keep pace with the big-spending hyperscalers. America’s technology giants, including Microsoft, Amazon, Alphabet and Meta, have in recent months announced plans to spend over $600 billion on AI in 2026 alone. The investment wave has already fuelled …

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The US Is Embracing Gas-Guzzling Cars, While Everywhere Else Goes Electric

Electric Vehicles, Energy Topics & Technology, Gasoline, Latest, US News / By

Big trucks and engines are back among US automakers, even as electrics gain ground around the globe. By Keith Naughton and David Welch Detroit under Donald Trump has rediscovered its love of the big, roaring engine. By gutting climate regulations, the president has freed US automakers to sell as many gas-burning trucks and SUVs as …

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Chevron Sells Venezuelan Oil to India’s Reliance for the First Time Since 2023, Ship Data and Sources Say

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

HOUSTON, Feb 24 (Reuters) – U.S. oil major Chevron (CVX.N) has sold its first cargo of Venezuelan crude oil to India’s Reliance Industries (RELI.NS) since December 2023, according to ship tracking data and two sources. Chevron (CVX.N) negotiated the Boscan crude cargo to Reliance this month, marking the first sale of the heavy oil, which …

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Google Signs AES, Xcel Supply Deals to Meet Data-Center Energy Needs

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

Feb 24 (Reuters) – Alphabet’s (GOOGL.O) Google doubled down on efforts to secure power supply for its data centers across the country by entering into separate agreements with U.S. utilities, AES Corp (AES.N) and Xcel Energy (XEL.O), on Tuesday. Big Tech firms have been scouring for new, reliable and cleaner energy sources to power their …

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Kuwait’s KPC draws BlackRock, Brookfield, EIG to Possible $7 Billion Pipeline Deal, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Pipelines / By

By Hadeel Al Sayegh  Summary KPC seeks $7 billion by leasing oil pipelines, sources BlackRock, Brookfield, others show interest in KPC deal, sources KPC transaction could launch end of February, sources Feb 24 (Reuters) – National oil company Kuwait Petroleum Corporation (KPC) has held early stage talks with a large group of potential investors over …

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