(Oil Price) – China is believed to be constructing a huge fusion research site in its southwest, which could help it with both nuclear fusion efforts and nuclear weapons design, analysts and researchers have told Reuters, analyzing satellite images. The southwestern city of Mianyang is likely the new site of the fusion research facility, which is estimated to be around 50% bigger
(Oil Price) – A national energy emergency declaration, a pledge to boost oil and gas production, and the threat of tariffs on Canadian oil—these are just a few of President Trump’s first moves in the energy game since he came into office. These moves have potential implications for energy companies around the world—and this includes Argentina, which just booked a major
(World Oil) – Coterra Energy has completed its previously announced acquisitions consisting of certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of approximately $3.9 billion, subject to certain post-closing purchase price adjustments. “Through the hard work of Franklin Mountain Energy, Avant Natural Resources, and the Coterra team, we are pleased to have
(Oil Price) – A number of grid operators and utilities in the United States are planning billions of U.S. dollars worth of investments in power transmission lines and networks as American electricity demand rises after two decades of stagnation. The advancements in AI and the surge in electricity demand for powering and cooling data centers have prompted the utilities sector to
(BOE Report) – Energy major Chevron said on Tuesday it has signed an agreement with investment firm Engine No. 1 and GE Vernova to build natural gas-based power plants to run co-located data centers in the U.S. The announcement comes just a week after U.S. President Donald Trump revealed a private sector investment of up to $500 billion to fund infrastructure for
(Investing) – HOUSTON – Top U.S. oilfield services firms are facing weaker pricing and revenue this year as oil producers become increasingly efficient and keep a cap on spending, according to oilfield executives and analysts. U.S. producers, mainly shale companies which led a fracking revolution that unlocked vast new supplies of crude from rock, are pumping record amounts of oil, but
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