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Difficult Yet to Predict DeepSeek’s Potential Impact on Power Demand, Japan’s METI Says

(Reuters) – Japan’s industry ministry is aware of a view that expansion of data centres may increase demand for electricity, however, it is difficult yet to predict how demand may change with the appearance of one technology such as DeepSeek, it said by email. In late December, the government released a draft of its basic …

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OPEC+ Likely to Stick to Oil Output Hike Plan, Sources Say

Summary • OPEC panel to meet at 1300 GMT, sources say • Group scheduled to unwind output cuts gradually from April • Oil rises towards $77 as tariffs spark supply disruption fears (Reuters) – OPEC+ is likely to adhere to current plans to raise output gradually from April when a panel of top ministers meets …

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VAALCO Energy, Inc. Announces Significant Milestone in Its Côte D’Ivoire FPSO Dry Dock Refurbishment Project

HOUSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) is pleased to announce a significant milestone in its Côte d’Ivoire Floating Production Storage and Offloading vessel (“FPSO”) Dry Dock Refurbishment Project. In alignment with the project timeline, the FPSO Baobab Ivoirien MV10, operated by Canadian Natural Resources …

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Baker Hughes and Hanwha Announce Partnership to Develop Small-Size Ammonia Turbines

  Agreement to focus on creation of 100% ammonia combustion dual fuel with natural gas small-size turbines Ammonia is a low-carbon fuel that can play a critical role in decarbonizing hard-to-abate sector, including marine transportation Collaboration to deliver efficiency comparable to reciprocating engines while minimizing carbon emissions FLORENCE, Italy, Feb. 03, 2025 (GLOBE NEWSWIRE) — …

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COMMENTARY: Climate Alarmists Only Want the Headlines That Suit Them – Anything Else is Not Welcome – Jim Warren

  by Jim Warren News stories about global warming continue to be dominated by the views of the overly alarmed. This is a problem for fans of the petroleum and natural gas industries in the alienated West. That’s because people who are continuously misinformed about climate change by the media are more likely to support …

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North American Companies Brace for Fallout From Trump Tariffs

For North American companies, the “wait and see” moment on tariffs is over. U.S. President Donald Trump imposed a 25% levy on goods from Canada and Mexico, along with a 10% tariff on China, in what could be the opening stages of a full-scale trade war likely to create new headaches for executives that have …

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Trump’s ‘Tariff Thrashing’ Spurs Crisis Response From Canada

Bank CEOs speak with policymakers as trade battle begins People circulate ‘Buy Canada’ lists; hockey fans boo US anthem Canadian government officials and business leaders mounted a crisis response that drew parallels with the Covid pandemic after President Donald Trump signed an order to put 25% tariffs on almost everything the US buys from Canada. Officials arranged …

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How Trump’s Tariffs Aim a Wrecking Ball at the Economy of America’s Allies

After weeks of threats, a North American trade war has erupted. Businesses and investors are bracing for the fallout. Donald Trump’s move to invoke an emergency and impose tariffs on Canada, Mexico and China is the most extensive act of protectionism taken by a US president in almost a century. In what may be the …

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