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Energy Industry

All articles tagged with #energy industry

Shadow power grids: data centers run on private on-site plants
business6 days ago

Shadow power grids: data centers run on private on-site plants

Silicon Valley’s AI-driven data centers are increasingly backed by on-site private energy plants (natural gas, solar, wind), creating a shadow power grid that draws power away from the public grid and could raise carbon emissions and local pollution. The GW Ranch project in West Texas exemplifies the scale, with warehouses consuming vast amounts of power and sparking concerns about environmental and community impacts and broader energy policy implications.

Exxon stock scales fresh high as Woods presses Venezuela protections
business1 month ago

Exxon stock scales fresh high as Woods presses Venezuela protections

Exxon Mobil’s stock rose about 2% to around $126.54, hitting a fresh high as investors reward the company’s steady profits and global footprint, including Guyana, despite President Trump’s threats to cut Exxon out of Venezuelan oil deals. CEO Darren Woods urged durable protections and contractual guarantees in Venezuela, while near-term crude prices hover in the mid‑$60s, helping fuel the rally.

Trump's Nuclear Deal and Fusion Venture Raise Ethics and Financial Concerns
business2 months ago

Trump's Nuclear Deal and Fusion Venture Raise Ethics and Financial Concerns

The article discusses concerns over a $6 billion merger between Trump Media & Technology Group and fusion energy company TAE Technologies, highlighting potential conflicts of interest for Donald Trump, whose financial stake could influence government decisions on fusion energy, raising ethical questions and fears of favoritism in the emerging clean energy sector.

BP appoints Meg O’Neill as new CEO
business2 months ago

BP appoints Meg O’Neill as new CEO

BP p.l.c. announced that Meg O’Neill will become the new CEO effective April 2026, succeeding Murray Auchincloss who will step down in December 2023 and serve as an advisor until then. O’Neill, currently CEO of Woodside Energy, brings extensive experience in the energy sector, and her appointment is part of BP’s strategy to become a more streamlined and profitable company. Carol Howle will serve as interim CEO until O’Neill’s arrival.

Energy Department Cuts Green Projects Amid Shutdown Controversy
energy-and-environment4 months ago

Energy Department Cuts Green Projects Amid Shutdown Controversy

California's hydrogen industry faces a setback as the Biden administration cancels a $1.2 billion federal grant for a key hydrogen project, but state leaders and industry stakeholders remain optimistic about alternative funding and continued development, emphasizing California's commitment to clean energy despite federal setbacks.

U.S. Shale Oil Boom Shifts from Money Treadmill to Cash Cow, Says Chevron President
business6 months ago

U.S. Shale Oil Boom Shifts from Money Treadmill to Cash Cow, Says Chevron President

Chevron has shifted from aggressive growth in U.S. shale to focusing on profitability and efficiency, leveraging scale and technology to turn shale into a cash-generating asset, while expanding internationally through acquisitions like Hess and offshore projects in Guyana, aiming to stabilize U.S. production and prioritize shareholder returns.