Energy Topics & Technology

Auto Added by WPeMatico

Chevron to Make Adjustments to Los Angeles Refinery Following Large fire

  (Reuters) – Chevron  said on Saturday that it will be making operational adjustments to its 285,000 barrel-per-day El Segundo refinery to meet Southern California’s fuel demands after a large fire erupted on Thursday night at the refinery. The El Segundo refinery is the second-largest in California and Chevron’s second-biggest refinery in the United States. The facility supplies …

Chevron to Make Adjustments to Los Angeles Refinery Following Large fire Read More »

Chevron Puts $2 Billion Colorado Pipeline Assets for Sale, Sources Say

(Reuters) – Chevron is selling a collection of pipeline assets in the Denver-Julesburg shale basin that are likely to fetch more than $2 billion, people familiar with the matter said. Investment bankers at Bank of America have been working in recent weeks to solicit potential interest in the infrastructure, which was largely inherited from the …

Chevron Puts $2 Billion Colorado Pipeline Assets for Sale, Sources Say Read More »

Biden Ban on Offshore Drilling in Vast Areas Was Illegal, Court Rules

(Reuters) – Former U.S. President Joe Biden exceeded his authority by withdrawing large areas along U.S. coastlines from future offshore oil and gas development, a federal judge in Louisiana ruled on Thursday. U.S. District Judge James Cain in Lake Charles, Louisiana, sided with Republican states and oil and gas industry groups that sued to block …

Biden Ban on Offshore Drilling in Vast Areas Was Illegal, Court Rules Read More »

Mark Carney-Launched Net-Zero Banking Alliance Votes to Shut Down

A spokesperson for the UN-backed Net-Zero Banking Alliance says members voted to end the membership-based structure and instead use the climate guidance the group created as a reference. As a result of the vote, the alliance is ending operations immediately. Carney launched the group in his role as UN Special Envoy for Climate Action and …

Mark Carney-Launched Net-Zero Banking Alliance Votes to Shut Down Read More »

Gas Turbine Shortage Is Forcing Companies Back to Coal

By Akshat Rathi, Stephen Stapczynski, and Oscar Boyd Booming electricity demand driven by AI is causing a shortage of gas turbines worldwide, Stephen Stapczynski and Akshat Rathi explain why on Zero podcast. Gas turbine components, rotors and stators, tested at the Siemens Energy AG manufacturing plant in Berlin, Germany. Photographer: Nicolo Lanfranchi/Bloomberg Rising power demand …

Gas Turbine Shortage Is Forcing Companies Back to Coal Read More »

Global Fuel Oil Demand as Seen in 2025 and in 2020

LONDON, Oct 2 (Reuters) – Global fuel oil demand has exceeded expectations in recent years, according to the International Energy Agency and other forecasters. The IEA’s latest medium-term outlook projects that residual fuel oil demand in 2025 will be 4.8% higher than in 2019, compared with a 1.9% increase in gasoline consumption. In contrast, demand …

Global Fuel Oil Demand as Seen in 2025 and in 2020 Read More »

COMMENTARY: California’s Solar and Battery Combo Packs a Transformational Punch

By Gavin Maguire LITTLETON, Colorado, Oct 3 (Reuters) – Although overshadowed so far by booming data center demand and the U.S. government’s gutting of clean energy policies, California’s rapid scaling of solar farms and battery systems may yet emerge as 2025’s most significant power story. California’s mammoth solar farms have generated more electricity than the …

COMMENTARY: California’s Solar and Battery Combo Packs a Transformational Punch Read More »

US Public Power Sector Weighs Risks and Rewards of Data Center Customers

(Reuters) – U.S. public power utilities are seeing explosive electricity demand from data centers, with some requests exceeding the total energy currently used by all of their customers combined, CEOs and investors in the not-for-profit power sector said this week. Big Tech’s data center power demand has created an opportunity to grow revenues and investments …

US Public Power Sector Weighs Risks and Rewards of Data Center Customers Read More »

Carbon Capture Startup Moves Project to Canada From US

By Michelle Ma and Robert Tuttle Crew work to finish construction on CarbonCapture Inc.’s direct air capture system. Photographer: Amber Bracken/Bloomberg A carbon capture startup has moved its first commercial pilot project from the US to Canada due to what it sees as more stable government incentives and support. CarbonCapture Inc. subsidiary True North Carbon …

Carbon Capture Startup Moves Project to Canada From US Read More »

Warren Buffet’s Berkshire Hathaway to Acquire Occidental’s OxyChem for $9.7 Billion

Berkshire Hathaway has reached a definitive agreement to acquire Occidental Petroleum’s chemical business, OxyChem, in an all-cash transaction valued at $9.7 billion. The sale, expected to close in the fourth quarter of 2025 pending regulatory approvals, represents one of the largest U.S. petrochemical transactions in recent years. Vicki Hollub, CEO of Occidental Occidental said it …

Warren Buffet’s Berkshire Hathaway to Acquire Occidental’s OxyChem for $9.7 Billion Read More »