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Energy
88 TokenPost stories are tagged Energy. The newest appear first.
Latest Energy stories
- Google Plans French Data Center Campus That Could Need More Than 1 GW
Google and ENGIE are discussing heat recovery for local heating networks, but no delivery contract has been signed and key details remain undetermined.
· Technology
- HELLENiQ ENERGY Posts €1.162 Billion in Q3 Adjusted EBITDA
Adjusted net income reached €808 million, while the refining division generated €1.051 billion in adjusted EBITDA. The group also had €1 billion in free cash flow for the first nine months.
· Business
- Brent Crude Reaches $98.03 a Barrel, Up 1.9% in 24 Hours
The quote was recorded at 1:57 p.m. ET (18:57 UTC) Thursday, Nov. 12.
· Investing
- Talen Signs Seven-Year PJM Agreement for 750 MW of Capacity
The deal covers delivery from 2029/2030 through 2035/2036 and is expected to generate about $100 million annually.
· Business
- ExxonMobil Signs Pact to Assess Venezuela Oil Exploration Prospects
The memorandum begins an evaluation of oil exploration and production opportunities. ExxonMobil says any investment would depend on stable policies, clear rules, investor protections and competitive returns.
· Business
- SpaceX Plans $24 Billion Texas Power and Supercomputing Complex
The estimate covers an initial phase. Starbase's city council has a public hearing on a proposed tax break scheduled for Dec. 9.
· Business
- Orlen Ends One of Two Long-Term LNG Contracts With QatarEnergy
Orlen retained its other contract with QatarEnergy. The terminated agreement had been scheduled to continue until 2034.
· Business
- Natural Gas Services Group CEO Says Flatrock Integration Has Not Slowed Growth
Justin Jacobs described the third quarter as the company’s first with Flatrock and said the acquisition was meeting expectations.
· Business
- Keyera Raises 2026 Marketing Margin Guidance to C$400 Million to C$430 Million
The higher outlook includes about C$50 million in margin from acquired Plains inventory and related hedges. Keyera remains focused on returning its leverage ratio to its target range in 2028.
· Business
- NRG Energy Declares $0.475 Quarterly Dividend With Nov. 16 Payment
NRG declared the distribution on Nov. 9.
· Business
- Natural Gas Services Group Raises Quarterly Dividend to $0.16
The board set Nov. 19 as the record date and Dec. 2 as the payment date. The new rate is 60% above the $0.10 quarterly payout introduced in the third quarter of 2025.
· Business
- Tenant Interest Rises at MARA’s Kearney Site After Elections
Power demand is also rising at the 100-megawatt Nebraska site, alongside interest from prospective tenants who had previously overlooked peripheral locations.
· Business
- AI data security could draw on Bitcoin proof of work as compute concentration raises concerns
Tillman Holloway argues that distributed computing and proof of work could help secure AI data, while better batteries and demand management could expand usable grid capacity.
· Insights & Views
- Granite Ridge Resources Targets 10% Production Growth, Authorizes $35 Million Buyback
The company also posted $177.21 million in third-quarter revenue and non-GAAP earnings per share of $0.17.
· Business
- EOG Expects Low-Single-Digit Oil Growth in 2027 as Janus Expansion Advances
The company is advancing a $300 million Janus project designed to reach capacity of 600 million cubic feet per day.
· Business
- EOG Resources Raises Quarterly Dividend 7.8% to $1.10 Per Share
The new rate implies annual dividends of $4.40 per share, with payment scheduled for Jan. 29, 2027.
· Business
- Plains All American Posts $711 Million in Third-Quarter Adjusted EBITDA
Revenue rose 31% year over year to $15.17 billion. The company remains on track to deliver its full-year 2026 outlook.
· Business
- Galaxy Digital Completes First Phase of Its Helios Project in Texas
Galaxy Digital also focuses on blockchain technology and digital finance.
· Business
- Delek Logistics Raises 2026 Adjusted EBITDA Guidance Floor by $10 Million
Third-quarter net income rose to $47.418 million, while adjusted EBITDA was nearly unchanged at $142.9 million.
· Business
- ConocoPhillips Raises Quarterly Dividend 10.7% to $0.93
The payment is scheduled for Dec. 1. Shareholders of record Nov. 16 are eligible, and that is also the ex-dividend date.
· Business
- Energy Leaders See Demand Driving New Investment Opportunities
Baker Hughes CEO Lorenzo Simonelli expects industry activity to rise by a low-single-digit percentage in 2027, while other executives cited separate investment risks.
· Business
- Western Midstream Partners, LP Posts $324.8 Million in Q3 Limited-Partner Net Income
Revenue rose 24.9% to $1.19 billion but missed estimates by $20 million; GAAP earnings per share of $0.78 fell short by $0.14.
· Business
- SM Energy Sets Fourth-Quarter Oil Target at 229,000 to 239,000 Barrels a Day
Net debt fell to $6 billion, and the company is targeting leverage in the low 1x range by the end of 2026.
· Business
- Euro Zone Inflation Hits 4%, Raising Odds of an ECB Rate Hike
Energy inflation rose to 20.8%, and markets put the chance of a December ECB hike above 72% after the reading.
· Investing
- TXO Partners Raises Quarterly Distribution 10% to $0.44 Per Unit
The partnership scheduled payment for Nov. 20 to holders of record Nov. 13.
· Business
- California Resources Plans $450 Million to $475 Million in 2027 Spending
The six-rig maintenance program targets flat gross production, while CRC aims to restart its San Pablo Bay pipeline in the first quarter of 2027.
· Business
- Sunoco CEO Expects $500 Million Acquisition Benchmark to Be a Modest Bar in 2027
Kim said Sunoco expects roughly $1.5 billion in bolt-on acquisitions in 2026 and is positioned for another record year in 2027, though it has not issued a specific 2027 earnings forecast.
· Business
- MPLX Net Income Falls in Q3 as Adjusted EBITDA Rises 5.3%
The partnership generated $1.537 billion in distributable cash flow with 1.3x distribution coverage. Its $1.2111-per-unit payout is scheduled for Nov. 13.
· Business
- Diamondback Energy Raises Quarterly Dividend 7.3% to $1.18
The payment is scheduled for Nov. 19 for shareholders of record at the close of business Nov. 12.
· Business
- Topaz Energy Posts C$0.32 in Q3 2026 Adjusted Net Income Per Share
Total revenue and other income reached C$104.334 million, up from C$76.443 million a year earlier, while royalty production increased 9%.
· Business
- Cheniere Prices $1.2 Billion in 5.8% Senior Notes Due 2037
The notes carry a 5.800% annual interest rate and were priced at 99.313% of face value.
· Business
- Sam Altman says AI can repay energy sector through gains in production and efficiency
Sam Altman said AI could improve energy production through materials, turbine design and operations, helping expand supply even as rising AI use increases power demand.
· AI
- Energy Select Sector SPDR Premium Income Fund Sets $0.5011 Distribution
Its 30-day SEC yield was 2.03% as of Oct. 29.
· Investing
- ExxonMobil CEO Sets Conditions Before Committing to a Venezuela Project
Darren Woods said Exxon wants a sustainable project that meets its return requirements. Chevron's separate five-year plan targets about 600,000 barrels per day.
· Business
- ExxonMobil Plans About $10 Billion in Refining Investments
The allocation is roughly 10% of a program exceeding $100 billion through 2030 to increase global energy supplies.
· Business
- Exxon Mobil Raises Quarterly Dividend to $1.07 Per Share
The payout is 3.9% above the previous $1.03 rate, with payment scheduled for Dec. 10 to shareholders of record Nov. 16.
· Business
- TotalEnergies Forecasts 2026 Cash Flow Above $42 Billion, Sets Buybacks
The company authorized $2.5 billion in share repurchases for each of the fourth quarter and first quarter of 2027.
· Business
- Cheniere Energy Shares Hit Record After Q3 Beat and Guidance Increase
Shares rose 7.1% on Oct. 29 to an intraday high of $321.22.
· Business
- Altman Repeats $20 Billion Goal for Five-Year AI Capacity Costs
Podcast host John Collison introduced $70 billion as a hypothetical comparison. Altman pointed to energy costs, supply and supply-chain margins as factors that would need to change.
· Technology
- Trafigura Extends SEFE Gas Supply With 30 TWh a Year for Five Years
The companies differ on whether total deliveries will reach 150 TWh or exceed it. A separate $1.5 billion loan supports the contract.
· Business