Energy
Russian gas era in Europe ends as Ukraine stops transit
YANTAI, CHINA – SEPTEMBER 11, 2023 – A large LNG tank deck ship loaded with liquefied natural gas imported from Malaysia is docked at the Longkou Port area of Yantai Port in Yantai, Shandong province, China, September 11, 2023. As the country’s first oil and gas terminal, tank farm, pipeline integrated operation of the port, […]
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Nearly all of Puerto Rico is without power on New Year’s Eve
Joggers exercise on a dark street in San Juan, Puerto Rico after a major power outage hit the island on December 31, 2024. Ricardo Arduengo | AFP | Getty Images A blackout hit nearly all of Puerto Rico early Tuesday as the U.S. territory prepared to celebrate New Year’s Eve. More than 1.2 million out […]
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Russia’s Gazprom says it will halt gas supplies to Moldova starting Jan. 1
A giant sign for OAO Gazprom stands above a building in Moscow, Russia Andrey Rudakov | Bloomberg | Getty Images Russia’s state-owned energy giant Gazprom said Saturday it will halt gas supplies to Moldova starting on Jan. 1, citing alleged unpaid debt by the European Union candidate country, which has brought in emergency measures as it braces […]
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Why tech giants such as Microsoft, Amazon, Google and Meta are betting big on nuclear power
Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry’s AI ambitions driving much of the surge. Data centers powering AI and cloud computing could soon […]
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MicroStrategy rides ‘red sweep’ to 477% gain in 2024, topping almost all U.S. stocks
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images On the eve of MicroStrategy‘s stock market debut in June 1998, founder Michael Saylor stayed in a penthouse suite at […]
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Qatar vows to stop EU gas sales if fined under due diligence law, FT reports
Qatar’s Energy Minister and CEO of QatarEnergy Saad Sherida Al Kaabi speaks at a press conference in Doha on Sept. 1, 2024. Karim Jaafar | Afp | Getty Images Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister […]
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How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill
U.S. President-elect Donald Trump smiles at the crowd during the National Guard Association of the United States’ 146th General Conference & Exhibition at Huntington Place Convention Center on Aug. 26, 2024 in Detroit, Michigan. Emily Elconin | Getty Images News | Getty Images The fate of President Joe Biden’s landmark climate legislation, the Inflation Reduction […]
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Trump’s pick to lead NASA made a big bet on crypto while going to space on the side
Jared Isaacman, Mission Commander, steps out of the manned Polaris Dawn mission’s “Dragon” capsule after it splashed down off the coast of Dry Tortugas, Florida, after completing the first human spaceflight mission by non-government astronauts of the Polaris Program. – | Afp | Getty Images President-elect Donald Trump’s pick to run NASA, Jared Isaacman, is […]
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Big Oil wants to help Big Tech power artificial intelligence data centers
Budrul Chukrut | Lightrocket | Getty Images Exxon Mobil and Chevron are jumping into the race to power artificial intelligence data centers, as the two oil majors bet tech companies will ultimately turn to natural gas to meet their tremendous energy needs. Exxon unveiled plans this week to build a natural gas plant to power […]
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Moldova declares state of emergency over fears Russian gas flows via Ukraine will stop
Dorin Recean, Moldova’s prime minister, speaks during the United Nations General Assembly (UNGA) in New York, US, on Friday, Sept. 27, 2024. Bloomberg | Bloomberg | Getty Images Moldova’s parliament on Friday voted to approve a 60-day state of emergency, citing fears of an immediate threat to the security of its citizens ahead of an […]
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