Biden Administration delaying thought of new natural gas export terminals in U.S.

January 30, 2024

The Biden administration said Friday it is delaying consideration of new natural gas export terminals in the United States, even as gas shipments to Europe and Asia have soared since Russia’s invasion of Ukraine. The decision by President Joe Biden, announced as the 2024 presidential election year kicks off, aligns the Democratic president with environmentalists […]

Caterpillar Demonstrates Hydrogen Fuel Cells as Backup Power for Data Centers

January 25, 2024

Caterpillar (CAT) said on Friday, January 19th, that it demonstrated the performance of a hydrogen fuel cell system at high altitudes and below-freezing temperatures during a simulated 48-hour backup power event at Microsoft’s (MSFT) data center in Cheyenne, Wyoming. The company said the demonstration provided insights into the use of large-format hydrogen fuel cells for […]

Regulators say loss of Everett LNG terminal threatens New England energy reliability

January 8, 2024

A possible loss of the Everett Marine LNG terminal can jeopardize the reliability of New England’s energy supply during extreme cold weather, the Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corp (NERC) said on Monday. Constellation Energy , a U.S. energy firm, owns the 1,413-megawatt Mystic natural gas-fired power plant and […]

Oil prices gain 3% on supply concerns after oilfield shutdown in Libya

January 3, 2024

Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tensions in the Middle East could reduce global oil supplies. Brent futures rose $2.44, or 3.2%, to $78.33 a barrel by 11:06 a.m. EST (1606 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.45, or 3.5%, […]