Energy Topics & Technology

Auto Added by WPeMatico

Trump’s High-Wire Act to Transform US Power Grid Won’t Be Easy

Electricity Grid, Energy Topics & Technology, Latest / By

President Donald Trump’s oversight of an increasingly unreliable U.S. power grid requires swift action, he said this week, but there is no easy fix for one of the grid’s most complex and troubled areas: long-distance transmission lines. Trump’s National Energy Emergency declaration and executive orders detail a long list of interconnected problems dogging an electric …

Trump’s High-Wire Act to Transform US Power Grid Won’t Be Easy Read More »

U.S. Oil and Gas Rig Count Falls to Lowest Since Dec 2021, Baker Hughes Says

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

 U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by …

U.S. Oil and Gas Rig Count Falls to Lowest Since Dec 2021, Baker Hughes Says Read More »

Blackstone to Buy $1 billion Virginia Power Plant Near Data Centers

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

The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers. Blackstone Energy Transition Partners has agreed to buy the 774-megawatt natural gas-fired power plant in …

Blackstone to Buy $1 billion Virginia Power Plant Near Data Centers Read More »

US Crude Oil Stocks Hit Lowest Since March 2022 Last Week, EIA Data Shows

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

U.S. crude oil stocks, excluding the Strategic Petroleum Reserve, fell by 1.02 million barrels to 411.66 million barrels in the week ended Jan. 17, the lowest since March 2022, according to U.S. Energy Information Administration data released on Thursday. That was the ninth consecutive weekly drawdown from U.S. crude oil inventories, the longest such streak …

US Crude Oil Stocks Hit Lowest Since March 2022 Last Week, EIA Data Shows Read More »

Trump Says US Needs Double the Energy it has to Power AI

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

(Reuters) – The United States needs double the energy it has to power rapidly emerging artificial intelligence operations, U.S. President Donald Trump said on Thursday. Trump said he would give emergency declarations to allow companies working on AI to start building plants “almost immediately” given intensive competition with China. “The big problem is we need …

Trump Says US Needs Double the Energy it has to Power AI Read More »

Oil Producer APA Curtails Production in Fourth Quarter

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

(Reuters) – U.S. shale producer APA Corp said on Wednesday it curtailed about 23,500 barrels of oil equivalent per day of production in the fourth quarter due to weak commodity prices. U.S. natural gas prices collapsed to multi-year lows in 2024, with prices at the Waha hub in the Permian shale basin in West Texas …

Oil Producer APA Curtails Production in Fourth Quarter Read More »

Lyondell to Begin Closure of Houston Refinery This Weekend, Sources Say

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

By Erwin Seba HOUSTON, Jan 22 (Reuters) – LyondellBasell Industries (LYB.N) will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations. Layoffs of up to 400 employees at the refinery are scheduled to begin two months after the shutdown begins, the sources said. A Lyondell …

Lyondell to Begin Closure of Houston Refinery This Weekend, Sources Say Read More »

Halliburton Warns of Softer North America Activity Even as Quarterly Profit Beats Estimates

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

(Reuters) – Halliburton on Wednesday warned of softer activity in North America this year even as the oilfield giant beat analysts’ estimates for fourth-quarter profit helped by higher demand for drilling and pressure pumping services in the North Sea and Asia. The tepid outlook echoed that of rival Schlumberger, who flagged a flat 2025 revenue …

Halliburton Warns of Softer North America Activity Even as Quarterly Profit Beats Estimates Read More »

Tariff Threat Unleashes Flood of Canadian Oil Heading to U.S.

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

Suppliers rush to push out as much oil as possible as it’s more valuable now than in the future Bloomberg News A flood of Canadian oil is heading south to the United States to beat President Donald Trump’s threatened tariffs. Enbridge Inc.’s Mainline, the largest oil export pipeline from Canada to the U.S., will cut the volumes of …

Tariff Threat Unleashes Flood of Canadian Oil Heading to U.S. Read More »

Extreme Cold and Record Snowfall to Test Texas Power Grid

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, US News / By

Deep freeze threatens transportation and energy across the US Electric grids brace for surging demand as temperatures drop A cold blast gripping the US South threatens to bring record-breaking snowfall to New Orleans and Houston and a deep freeze that endangers oil and natural gas output and electrical grids. Snow and sleet began falling Monday …

Extreme Cold and Record Snowfall to Test Texas Power Grid Read More »

Subscribe
Subscribe