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Schneider Electric Seals $2.3 Billion in US Data Centre Deals to Power AI Boom

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

By Gianluca Lo Nostro Schneider signs two deals with US data centre operators New agreements expected to generate nearly $2.3 billion in sales Company says its solution can scale AI capacity without raising power demand Nov 19 (Reuters) – Schneider Electric (SCHN.PA) said on Wednesday that it had signed new deals worth almost $2.3 billion …

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Ohio Regulators Order FirstEnergy to Pay More than $250 Million in Penalties and Refunds

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

Nov 19 (Reuters) – The Public Utilities Commission of Ohio on Wednesday ordered FirstEnergy’s (FE.N) Ohio utilities to pay $250.7 million in penalties and refunds after an investigation linked to a bribery scandal found the energy distributor broke state laws and rules. Ohio-based FirstEnergy previously admitted paying millions of dollars to state officials to pursue …

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EIA Sees Alaska Crude Oil Production Rising 13% in 2026

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Crude oil production from Alaska is forecast to reach 477,000 barrels per day (bpd) in 2026, the highest since 2018, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook on Wednesday. The EIA said Alaska oil production is expected to rise 13%, or 55,000 bpd, marking the largest annual …

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US Crude Stocks Fall on Higher Demand, Fuel Inventories Rise, EIA Says

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

(Reuters) – U.S. crude stocks fell as refining and export demand rose, while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.4 million barrels to 424.2 million barrels in the week ended November 14, the EIA said, compared with analysts’ expectations in a Reuters poll …

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US, Saudi Tout New Business Deals at Investment Forum

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Saudi and U.S. officials on Wednesday touted billions in new investments and growing financial ties between the two countries coinciding with Saudi Arabian Crown Prince Mohammed bin Salman’s visit to Washington. The CEOs from Chevron, Qualcomm, Cisco, General Dynamics and Pfizer are attending the U.S.-Saudi Investment Forum at the Kennedy Center in Washington, …

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Saudi Arabia to Sign $30 Billion Worth of Energy Deals With US, Says Aramco CEO

Conventional Energy, Latest, Oil, US News / By

Saudi Arabia will sign energy sector agreements with the U.S. worth $30 billion, the CEO of Saudi state oil giant Aramco, Amin Nasser, said on Wednesday in comments carried by Saudi state TV. His comments came during the U.S.-Saudi investment forum, being held in Washington. Reporting by Yomna Ehab; and Elwely Elwelly; wriitng by Muhammad …

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US Natural Gas Futures Climb 4% on Near-Record LNG Flows and Cold December Forecast

Conventional Energy, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures climbed about 4% on Wednesday on near-record flows to liquefied natural gas export plants and forecasts for higher demand than previously expected as the weather turns colder than normal going into December. Front-month gas futures for December delivery on the New York Mercantile Exchange rose 16.8 cents, or 3.8%, …

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Saudi Crown Prince Seeks to Burnish Image with Corporate America’s Top Executives 

Latest, US News / By

Summary MBS’s first US trip since Khashoggi’s killing in 2018 MBS promises to boost US investment to $1 trillion Event includes top US executives from various sectors WASHINGTON, Nov 19 – Saudi Arabian Crown Prince Mohammed bin Salman will rub shoulders with many of Corporate America’s most powerful executives on Wednesday, a day after President …

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Exxon Joins Chevron in Pursuing Parts of Lukoil Global Empire, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

By Anna Hirtenstein, Shariq Khan and Jarrett Renshaw LONDON/NEW YORK, Nov 18 (Reuters) – U.S. oil major Exxon Mobil (XOM.N) has joined rival Chevron Corp (CVX.N) in considering options to buy parts of sanctioned Russian oil major Lukoil’s (LKOH.MM) international assets, sources familiar with the matter said. Exxon is considering options for Lukoil assets in …

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California Refinery Closures Spark Pipeline Race to West Coast

Energy Topics & Technology, Gasoline, Latest, Pipelines, US News / By

 A race is on among energy companies to build a major fuel pipeline to the U.S. West Coast, a potentially lucrative prize as the planned closure of two California refineries threatens to send gasoline prices in the isolated market soaring. Motorists in West Coast states have long paid some of the country’s highest fuel prices …

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