U.S. natural gas producers and shippers could be one of the big winners of the latest advances in Artificial Intelligence.  The surge in data centers amid the booming AI technology development is set to lead to higher U.S. natural demand and prices by the end of the decade, according to investment bank Tudor, Pickering, Holt & Co.    Natural Gas...

Chevron launched its first production at its Tengiz oilfield expansion project in Kazakhstan on Thursday, with completion of the final phase of the expansion set for the first half of next year, enabling an additional 260,000 barrels per day of crude oil output, or an additional 12 million tons per year.  “This is a significant step towards completion...

Heat pumps are hotting up as governments worldwide search for alternatives to gas boilers. They can both warm and cool buildings and are powered by electricity, rather than fossil fuels, helping to decarbonise homes and offices. Governments worldwide are beginning to invest heavily in the technology as they strive to trade old boilers out for innovative...

Energy firms held by Czech billionaire Daniel Kretinsky have reported core earnings of $7.8 billion (7.3 billion euros) for 2023, Reuters reported on Thursday.   The energy assets of Kretinsky’s EP Corporate Group include the flagship energy holding EPH, which reported today core earnings – or earnings before interest, tax, depreciation, and amortization...

University of Michigan engineers have designed new chemical reactor to make an important ingredient for plastics, adhesives, carpet fibers, household cleaners and more from natural gas. The idea could reduce manufacturing costs in a post-petroleum economy by millions of dollars. The research paper has been published in the journal Science. The reactor...

Hertz Global Holdings Inc (NASDAQ: HTZ) has raised the number of electric vehicles it plans to sell this year as it is cutting its EV fleet to reduce losses that have weighed on the car rental giant’s earnings. In the first quarter, Hertz upsized its EV disposition plan by 10,000 vehicles, for a total of 30,000 EVs intended for sale in 2024. Most of...