BP, XRG Partner on Venezuela Offshore Gas Development
The Loran field in the Plataforma Deltana area holds an estimated 4 trillion cubic feet of recoverable gas, the companies said late Thursday.
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Rick Perry's Fermi Finally Finds a Customer for Its Giant Texas AI Power Bet
The startup, which went public in a splashy IPO last year, also named a new CEO following months of legal and C-suite turmoil.
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Elon Musk, the World's Most Famous EV Pioneer, Leans Into Fossil Fuels
SpaceX is planning a Texas natural gas plant to power a new chip facility, while gas turbines are already being used for campuses in Tennessee and Mississippi.
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AI's Biggest Energy Impact Might Be in the Oil Patch, Not the Data Center
Plus: China's surging clean-tech exports, lithium-free batteries, Strategic Petroleum Reserve shrinks below 300 million barrels.
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Orsted Says All Projects on Schedule After Impairments Hit Profit
Higher taxes and increases in long-dated U.S. interest rates-as well as last year's gains on asset sales-hurt profit.
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Energy & Utilities Roundup: Market Talk
Find insight on crude futures, Orsted, RWE and more in the latest Market Talks covering energy and utilities.
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U.S. Natural Gas Futures Fall As Inventories Rise
U.S. natural gas futures retreated after the EIA reported an above-estimate 36 Bcf weekly inventory build, extending the storage surplus to 198 Bcf from 195 Bcf, despite hot weather spurring high electricity demand.
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U.S. Crude Oil Stockpiles Post Unexpected Build
Commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 17.4 million barrels to 424.4 million barrels in the week ended Aug. 7 and were about 2% below the five-year average for the time of year, the EIA said
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OPEC Cuts Oil-Demand Forecast Again as Hormuz Talks Stall
The Organization of the Petroleum Exporting Countries again cut its forecast for global oil-demand growth for this year, as stalled talks to reopen the critical Strait of Hormuz waterway and risks in the Red Sea prolong disruptions to global supplies.
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Energy Startup Raises $750 Million for Rust-Powered Batteries
Form Energy's fundraising has surpassed $2 billion for batteries that can continuously run for 100 hours.
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Vestas Wind Systems Shares Jump on Earnings Growth, Margin Upgrade
The wind-turbine maker posted higher second-quarter earnings and improving profitability, enabling the company to increase its full-year margin guidance.
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An Oil Refiner That Fled California Is Back-With a Giant Pipeline From Texas
Phillips 66's 900-mile pipeline will carry gasoline, diesel and jet fuel from the Texas Panhandle to Phoenix and Los Angeles.
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Why the Real Oil Squeeze Is Happening in Refineries
The Iran war, Ukrainian attacks on Russia and China's fuel export restrictions have taken millions of barrels of refined products off global markets and left customers scrambling to locate alternative supplies.
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U.A.E.'s Adnoc Gas to Invest More Than $8 Billion in Expansion Push
An exit from OPEC earlier this year freed state-owned Adnoc of the cartel's restrictions.
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