Tech giants are building power-hungry data centers to run their artificial intelligence tools. The costs of that demand surge are becoming clearer.
Category: Natural Gas
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Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.
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Why the Solar Eclipse Will Not Leave People Without Power
Grid managers say they are well prepared to handle a sharp drop in the energy produced by solar panels as the eclipse darkens the sky in North America on April 8.
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Exxon Raises Questions About Chevron’s $53 Billion Deal for Hess
Exxon may try to upend its rival’s megadeal. The prize is a 30 percent stake in the oil-rich fields off the coast of Guyana.
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Shell Sees Demand Surging for Liquefied Natural Gas
Asia will be the dominant consumer, while the U.S. will be the key supplier. In Europe, where L.N.G. has been a lifeline, the need will continue despite environmental concerns.
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U.S. Gas Producers Are Racing to Sell to Asia. And Mexico Is Key.
By next year, American natural gas will start flowing across Mexico to a major export terminal on the Pacific, reflecting a global energy landscape transformed by U.S. dominance in gas.
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BP to Increase Oil Output, New Chief Says
Murray Auchincloss signaled that he would take a more profit-oriented approach than his predecessor, who started a big push into renewables.
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Oil Giants Pump Their Way to Bumper Profits
Exxon and Chevron reported robust earnings and large payouts to investors as they continued to expand their fossil-fuel production.
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Worries in Europe Over the White House Move to Delay Gas Terminals
The Biden administration’s decision to review new liquefied natural gas projects for their impact on climate change could be a headache for overseas buyers.
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White House Said to Delay Decision on CP2, a Liquid Natural Gas Export Terminal
Before deciding whether to approve it, the Energy Department will analyze the climate impacts of CP2, one of 17 proposed LNG export terminals.
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Shell to Sell Its Nigeria Oil Business for $1.3 Billion
The energy company’s exit from onshore petroleum drilling in Nigeria is aimed to reduce risks, while it continues to produce oil and gas offshore.