Five Point Forms PowerBridge with $1B Commitment to Build Data Centers
Five Point Infrastructure has formed PowerBridge LLC with a $1 billion equity commitment to develop and manage gigawatt-scale data centers and associated infrastructure.
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E&P Startups X2, Rockcliff Hunt for Large-Scale M&A Amid Price Volatility
Private capital is flowing back into shale, with new teams Rockcliff III and X2 Resources zeroing in on overlooked assets in Texas and beyond.
Global Oil Supply to Rise Faster Than Expected After OPEC+ Hike, IEA Says
By Robert Harvey and Enes Tunagur Hikes 2025 global supply growth forecast by 380,000 bpd Oil demand growth to slow to 650,000 bpd in rest of year Expects lower oil prices to hit US shale oil output growth Revises up 2025 total demand forecast LONDON, May 15 (Reuters) – World oil supply will rise more …
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OPINION: Washington Is Selling Energy Insurance Against Itself. Seriously. – Liam Denning
A House committee wants to compensate some energy companies if the government derails their projects. By Liam Denning Pick a side. Photographer: Brandon Bell/Getty Images North America The legislating of energy policy in Washington has become so volatile that some folks want to sell insurance against it. Those folks happen to be the politicians in …
Enbridge to Sell BC Gas Pipeline Stake to Canada Indigenous Groups
By Brian Platt, Thomas Seal, and Robert Tuttle Enbridge Inc. plans to sell a stake in a natural gas pipeline system in British Columbia to Indigenous communities in a deal that will be financially backed by the Canadian government. The government will provide a C$400 million ($286 million) loan guarantee to support a partnership of …
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Strathcona Shifts to Pure Heavy Oil Producer With $2 Billion Montney Sale
By Robert Tuttle and Geoffrey Morgan Canadian oil tycoon Adam Waterous’s Strathcona Resources Ltd. agreed to sell its assets in the Montney shale formation in western Canada in a shift that makes it a pure heavy oil producer. Strathcona is disposing of gas-focused operations in three separate transactions worth C$2.8 billion ($2 billion). The largest …
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US Rooftop Solar Companies say Republican House Bill Would Be a Major Setback
By Nichola Groom Bill would scrap 30% tax credit for homeowners with solar panels Rooftop solar companies employ more than 100,000 workers Many top residential solar markets are in Republican states May 15 (Reuters) – Companies that put solar panels on U.S. homes say a Republican budget bill advanced in Congress this week would deal …
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US EPA to Rule on Backlog of Small Refinery Biofuel Exemption Requests, Zeldin Says
By Stephanie Kelly and Jarrett Renshaw About 161 applications await decisions Action will affect market for renewable fuel credits Big Oil, Farm Belt anticipate 2026 biofuel blending requirements NEW YORK, May 15 (Reuters) – The Trump administration plans to rule quickly on dozens of small U.S. refineries’ pending applications for exemptions from biofuel-blending requirements, the …
US EPA to Rule on Backlog of Small Refinery Biofuel Exemption Requests, Zeldin Says Read More »
Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures
More clarity needed to complete closure of activities, experts say Some firms willing to sacrifice exports if they can preserve joint venture stakes Chevron not giving up on convincing Trump that presence in Venezuela key for energy security May 15 (Reuters) – U.S. oil producer Chevron Corp (CVX.N) and several European companies are in talks …
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Trump Administration to Audit Billions in Energy Grants Awarded Under Biden
By Timothy Gardner WASHINGTON, May 15 (Reuters) – The Trump administration said on Thursday it will audit some $15 billion in grants to power grid and manufacturing supply chain projects awarded during the Biden administration. President Donald Trump has championed domestic production of oil, natural gas and coal while halting construction of an offshore wind …
Trump Administration to Audit Billions in Energy Grants Awarded Under Biden Read More »