Paul Jackson

TotalEnergies to Shift Nearly $1B From Wind to U.S. Oil and Gas

What Happened at CERAWeek The United States and French energy major TotalEnergies (TTEF.PA) said they will redirect nearly $1 billion away from offshore wind leases and toward U.S. oil and natural gas production. The agreement was announced at the CERAWeek energy conference in Houston by TotalEnergies

Ecolab to Buy CoolIT for $4.75B in AI Cooling Push

What Happened Ecolab (ECL) said it will acquire CoolIT Systems from funds managed by KKR (KKR) for about $4.75 billion in cash. The move positions Ecolab more directly in the fast-growing market for liquid cooling, a key enabling technology for increasingly power-hungry AI data centers. In premarket trading, shares of Ecolab were

White House Unveils National AI Framework for Congress

What The White House Released The White House unveiled a four-page artificial intelligence policy framework designed to serve as a legislative roadmap for Congress. The document pushes for one federal standard that would pre-empt a patchwork of state-level AI rules, while adding guardrails aimed

NextEra Targets Up to 10 GW of Gas Power in Texas, Pa.

What Happened NextEra Energy (NEE) said the U.S. President approved the development of up to 10 gigawatts of natural gas-fired power generation in Texas and Pennsylvania. The approval was presented as part of a broader U.S.-Japan trade agreement framework. NextEra said it will build and operate the projects, which are expected to be jointly

Qatar Says Iran Strikes Cut 17% of LNG for 3–5 Years

What Happened Qatar’s state-owned QatarEnergy said Iranian attacks damaged key export infrastructure and will sideline a meaningful slice of the country’s liquefied natural gas supply for years. The company’s CEO and state minister for energy affairs, Saad al-Kaabi, said the strikes knocked

Uber to Invest Up to $1.25B in Rivian for Robotaxi R2s

What Happened Uber (UBER) said it will invest up to $1.25 billion in Rivian (RIVN) as part of a robotaxi agreement that calls for the deployment of 10,000 fully autonomous R2 SUVs on Uber’s platform starting in 2028. Uber will make an initial $300 million investment, with the remaining funding to be

South Pars Attack Puts Global Gas Supply Back in Focus

What Happened in the Gulf Energy Complex An Israeli attack hit Iran’s main energy asset, the South Pars natural gas field, along with infrastructure around the nearby Asaluyeh processing hub. Iran responded with attacks on energy targets across the Middle East, marking a sharp

Hormuz Disruption Reignites Global Push Beyond Oil and Gas

What Happened: Hormuz Becomes the New Chokepoint A fresh global energy shock is forcing governments back into energy-security mode after Iran closed the Strait of Hormuz, a key shipping lane for Middle East oil and gas. The closure followed U.S. and

Mastercard to Buy BVNK in Stablecoin Push

What Happened Mastercard (MA) said it will buy stablecoin payments infrastructure firm BVNK for up to $1.8 billion, a move that deepens the card network’s push into blockchain-based money movement. The transaction includes $300 million in contingent payments and is expected to close before the end

AI Data Center Demand Lifts U.S. Clean Energy PPA Prices

What Changed In The Clean Power Offtake Market The market for long-term corporate power purchase agreements is getting tighter and pricier. Surging demand from data center owners is colliding with a smaller pipeline of tax-eligible clean power projects, pushing up

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