Fervo Energy has secured $462 million in a funding round that includes...
Fervo Energy has secured $462 million in a funding round that includes participation from Google. The funding will help Fervo continue development of a 500-megawatt power plant in Utah and begin development of additional projects to meet rising energy demand from data centers. Fervo's enhanced geothermal technology, which uses techniques from the oil and natural gas industry, has reduced well-drilling times and costs.
Lake Charles LNG project on track for early 2026 FID
Energy Transfer expects to reach a final investment decision on its 18.18-million-short-ton-per-...
Energy Transfer expects to reach a final investment decision on its 18.18-million-short-ton-per-year Lake Charles LNG project in Louisiana early next year after locking in enough long-term sales agreements to advance the development, Lake Charles LNG Vice President Amy Chen Davis said at a Houston conference. Davis said she remains confident in long-term LNG fundamentals, noting that lower prices often stimulate additional demand.
Apollo, Capital Power plot $3B investment in US gas plants
Apollo Global Management has partnered up with Canadian power producer...
Apollo Global Management has partnered up with Canadian power producer Capital Power to pursue up to $3 billion in equity-backed acquisitions of US natural gas-fired power plants. Apollo will contribute 75% of the capital while Capital Power will hold a 25% to 50% working interest in each asset, a structure that allows both parties to act quickly on opportunities.
Tailwater Buys Majority Interest in Central Midstream
Tailwater Capital LLC has acquired...
Tailwater Capital LLC has acquired a majority interest in Central Midstream Partners LLC, expanding the private equity firm’s portfolio of natural gas infrastructure across the Gulf Coast and Utica regions. Financial terms were not disclosed in the Dec. 11 announcement.
Central Midstream, originally founded as Central Crude more than 50 years ago, provides liquids transportation, storage and terminal services. Its asset footprint includes more than 100 miles of pipeline, about 350,000 bbl of storage capacity and a multi-modal terminal in Ohio that links Utica condensate production to waterborne and rail markets. The Houston-based company also has operations on the Gulf Coast.
OpenAI rolled out a more advanced ChatGPT model. Unsatisfied...
OpenAI rolled out a more advanced ChatGPT model. Unsatisfied with the waves made by its $1 billion deal with Disney, OpenAI made more news yesterday when it unveiled GPT-5.2, the latest version of its signature chatbot that the company says can perform a range of tasks better than predecessors. Per OpenAI, the model is faster at finding information, translating, and coding, and is better at figuring out more complex tasks like math. The announcement comes about a week after CEO Sam Altman declared a “code red,” telling employees that ChatGPT needed to beef up, or risk falling behind rivals like Google’s Gemini 3.
The US is preparing to seize more Venezuelan oil tankers following the seizure of one earlier this week, Reuters reported.
Kilmar Abrego Garcia, a Maryland resident who was mistakenly deported to El Salvador, must be immediately released from a Pennsylvania detention facility while his case continues, a federal judge ruled yesterday.
Mike Lindell, the founder of MyPillow and a 2020 election conspiracy theorist, is running for governor of Minnesota, he announced yesterday.
US unemployment claims jumped by the most since 2020 last week, according to Labor Department data.
Microsoft AI executive Mustafa Suleyman promised the company will stop work on artificial intelligence if it becomes a threat to humanity, he told Bloomberg.
