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Us Energy Sector

All articles tagged with #us energy sector

business2 years ago

"Chesapeake Energy and Southwestern Energy Merge to Dominate US Natural Gas Production"

Chesapeake Energy announces a $7.4 billion all-stock acquisition of Southwestern Energy, positioning itself as the top U.S. natural gas producer. This move reflects a trend of major deals in the energy sector, with analysts viewing the acquisition positively. The combined company will have significant production capacity and market value, marking a strategic shift for Chesapeake towards natural gas assets following its emergence from bankruptcy in 2021. If the merger is approved, the combined firm will surpass EQT Corp as the largest independent natural gas-focused exploration and production company in the U.S.

via Reuters|
#acquisition#business#chesapeake-energy
technology2 years ago

"Key highlights from Senate Energy committee hearing on DOE and AI, including bipartisan framework and proposed AI regulations"

Lawmakers in the Senate Energy Committee were warned about the threats and opportunities of integrating artificial intelligence (AI) into the U.S. energy sector and daily life. Experts emphasized the need for education on AI and managing its risks, as well as the insufficiency of current policies to counter China's influence. While regulation is important, witnesses cautioned that it has limitations, as rogue players outside the U.S. may not be bound by regulations. A more strategic approach, including authenticating content at the source, is necessary to address the challenges posed by AI.

via Fox News|
#artificial-intelligence#china#regulation
politics2 years ago

Biden's budget plan sparks criticism from GOP over energy sector and healthcare.

Senate GOP Conference Chair John Barrasso and 21 other Republican senators have accused President Biden of "throwing away" the US energy sector in his budget proposal, which would punish fossil fuels with higher taxes and award "lavish subsidies" to green energy initiatives. Biden's budget plan seeks to invest billions into renewable energy, but Barrasso argues that this would not only result in Americans paying more at home, but also make it more difficult for US allies to stop depending on Russian oil and gas.

via Fox News|
#biden#fossil-fuels#politics