Monday, February 17, 2025

David Gregorio News

DeepSeek fears subside, US power companies spend more on data centers

U.S. Electric utilities are increasing their spending plans by tens and even hundreds of millions of dollars in order to upgrade the grid and build new power sources as artificial intelligence data…

First Solar wins early victory for ESG group with the use of deep sea minerals

First Solar has agreed not to use minerals from the deep ocean. This is a win for shareholders and environmentalists, as well as a sign that their agenda may make progress in spite of opposition from U.S. president Donald Trump's government.

Big Oil is not rushing to "drill, baby drill" this year despite Trump's agenda

Wall Street believes that U.S. energy companies will keep spending under control in 2025, and focus on shareholder returns despite President Donald Trump's calls to "drill baby, drill". This week, Big Oil will report its fourth-quarter results.

Oil industry unlikely rush to Alaska despite Trump’s call for drilling

U.S. companies will not expand their development in Alaska or the Arctic after President Donald Trump signed an executive order that allows them to do so. Industry representatives and company officials said this…

S&P 500 reaches record high thanks to Netflix results and AI investment plan

Wall Street indexes rose Wednesday. The benchmark S&P 500 hit a record during the session as investors cheered the quarterly report from streaming video provider Netflix and technology shares rallied…

S&P 500 reaches record highs on Netflix results and AI investment plans

Wall Street's major indexes rose Wednesday. The benchmark S&P 500 hit a record high as investors cheered the quarterly report from streaming video provider Netflix and technology shares rallied following…

Can Trump reverse Biden's offshore oil drilling ban?

In an executive order issued on Monday, President Donald Trump revoked the ban placed by former Democratic president Joe Biden against new offshore oil-and-gas development along most of America's coasts.

TSX reaches 5-week highs as US trade tariffs are held back

Investors expressed relief at the news that President Donald Trump would not impose immediate U.S. tariffs on Canada. The Toronto Stock Exchange S&P/TSX Composite Index closed up 103.66, or 0.4% at 25…

Orsted flags Sunrise Wind delays and increased costs as a $1.7 billion impairment

Orsted, the offshore wind developer, announced Monday an impairment charge in the amount of 12.1 billion Danish crowns (1.69 billion dollars) for the fourth quarter. The company cited a delay, higher costs, and a higher U.S.

EIA predicts that oil prices will be pressured by oversupply between 2025 and 2026

The U.S. Energy Information Administration's Short-Term Energy Outlook, released on Tuesday, said that oil prices would be pressured in 2025 and in 2026 due to the global production growth exceeding demand.

EIA: US power consumption will reach new highs by 2025 and 26.

The Short Term Energy Outlook, published by the Energy Information Administration on Tuesday, predicted that U.S. electricity consumption would reach record levels in 2025 and in 2026. EIA projects…

Next week, a US Senate panel will hold hearings about Trump's energy choices

Mike Lee, chairman of the Senate Energy Committee, announced on Thursday that nomination hearings will be held for Donald Trump's nominees to energy positions on Tuesday and/or Wednesday next week. On Tuesday, January 14th at 10:00 a.m.

Data shows that US biofuel production increased in October as profitability improved.

According to AEGIS Hedging, the margins on biofuels helped U.S. producers of renewable diesel and biodiesel to increase their operations to multi-month levels in October. The data shows that renewable…

Dallas Fed: US oil executives will expect quicker permits under Trump

According to a Federal Reserve Bank of Dallas study released on Thursday, U.S. Energy executives expect quicker permitting times for drilling federal lands in the Trump administration. According to…

Sources say that Northern Oil and Gas is in the process of acquiring Granite Ridge, a smaller rival.

According to sources familiar with the situation, Northern Oil and Gas made a purchase offer for Granite Ridge Resources. Granite Ridge Resources is a small U.S. oil and gas producer that operates in the Permian and Eagle Ford basins.

US House panel finds BlackRock and other asset managers hesitant to join climate initiative

According to a report published Friday by a Republican led U.S. Congressional Committee, top asset managers in the United States are concerned that signing up for an industry climate initiative will…

Oil rises by 1% in a 3-week period as sanctions on Russia and Iran increase

The price of oil rose by about 1% on Friday to a record high for three weeks, as a result of expectations that additional sanctions against Russia and Iran would tighten up supplies. Lower interest rates in Europe or the U.S.

US offshore driller requests judge block insurers' demand for $250 million collateral

W&T Offshore is an independent driller in the U.S. Gulf of Mexico. It has asked a federal court to block insurance company demands for additional collateral of $250 million for tearing down old oil infrastructure.

Trump Energy Pick writes ESG report praising oil and gas, while downplaying climate worries

According to a report that he wrote as the CEO of oilfield service company Liberty Energy, Donald Trump's nominee to head the Energy Department believes fossil fuels will end world poverty. He says…

Sources say that Whiting refinery, a BP facility in Indiana, is delaying its return to service.

Industry sources say that the return to service for BP Whiting Indiana refinery is delayed. BP began the planned turnaround activity for its refinery that produces 435,000 barrels per day in late September.

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