tldrdaily.news logo
Tag

Energysector

All articles tagged with #energysector

business1 year ago

Exxon: 'Drill, Baby, Drill' Unlikely Under Trump

Exxon Mobil's Upstream President Liam Mallon stated that US oil and gas producers are unlikely to significantly increase output despite President-Elect Donald Trump's calls to "drill, baby, drill." Mallon emphasized that economic considerations are the primary focus for producers, and a radical change in drilling activity is improbable. While Trump may open federal lands for drilling, much of the land in Texas is private, and producers are taking a long-term approach to production. Mallon also supported the US Inflation Reduction Act, which contrasts with Trump's stance.

via Fortune|
#business#energysector#exxonmobil
business1 year ago

US Regulators Halt Amazon's Nuclear Power Expansion Plans

Energy regulators rejected an amended interconnection agreement between Amazon's data center and Talen Energy's Susquehanna nuclear power plant, causing a sell-off in nuclear stocks like Talen, Constellation Energy, and Vistra. The Federal Energy Regulatory Commission cited concerns over grid reliability and consumer costs. This decision highlights regulatory caution towards energy-intensive data centers and their impact on the power grid. Constellation Energy plans to reopen a unit of Three Mile Island for Microsoft without diverting existing power supplies.

via Investor's Business Daily|
#amazon#business#energysector
business-and-finance2 years ago

"Southwestern and Chesapeake Energy Poised for Landmark $17 Billion Gas Merger"

Chesapeake Energy and Southwestern Energy are reportedly close to finalizing a merger that would create a company valued at nearly $17 billion, potentially becoming the largest U.S. natural gas-focused exploration and production firm by market value. The merger, which could be announced as early as next week, is part of a trend of consolidation in the energy sector amid sluggish natural gas prices. Both companies have significant operations in Appalachia and the Haynesville basin, and the deal follows Chesapeake's post-bankruptcy strategy to concentrate on natural gas.

via Reuters|
##business-and-finance#chesapeakeenergy
energy2 years ago

"2024 Energy Outlook: Trends, Predictions, and Resilience Amidst Macroeconomic Shifts"

The article discusses the five key trends expected to shape the energy sector in the current year. These trends likely include the growth of renewable energy sources, advancements in energy storage technology, increased emphasis on sustainability and decarbonization, the impact of geopolitical events on energy supply and prices, and the integration of digital technologies in energy systems. The article aims to provide insights into how these trends will influence the energy landscape and guide industry stakeholders in their strategic planning.

via Financial Times|
##energy#energysector
business-and-finance2 years ago

"Iberdrola's Avangrid Cancels $8.3 Billion PNM Resources Takeover Deal"

Spanish energy giant Iberdrola has canceled its planned $8.3 billion acquisition of the US-based power utility PNM Resources. This decision marks a significant shift in Iberdrola's expansion strategy within the North American energy market. The reasons behind the termination of the deal have not been detailed in the provided text.

via Financial Times|
##acquisition#business-and-finance