US LNG exporters favor Cape of Good Hope route to Asia
US liquefied natural gas exports to Asia via the Cape of Good Hope surged...
US liquefied natural gas exports to Asia via the Cape of Good Hope surged in March, with a record 24 cargoes opting for this lengthier route amid ongoing challenges at the Panama and Suez canals. Nevertheless, European countries remained the top recipients of US LNG.
Enbridge announces Permian-to-Gulf Coast gas supply JV
Enbridge has partnered with global investment manager I Squared Capital...
Enbridge has partnered with global investment manager I Squared Capital and US pipeline companies WhiteWater and MPLX to establish a joint venture to expand natural gas infrastructure linking Permian Basin gas supplies to US Gulf Coast demand markets. The joint venture will include Enbridge's Whistler pipeline, its proposed Rio Bravo pipeline project, a 70% stake in the ADCC intrastate pipeline to Corpus Christi, Texas, and a 50% ownership in Waha gas storage facilities.
Research shows AI is already propelling transition
Artificial intelligence's impact on energy demand has captured a lot...
Artificial intelligence's impact on energy demand has captured a lot of attention lately, but the technology definitely has a bright side when it comes to fueling transition progress. Companies and utilities alike are using AI-based tools to monitor emissions, track generation and balance supply and demand. This piece explores the different ways AI is having an outsized impact in the energy transition, as well as its potential to drive job creation.
In the e-commerce giant’s largest outside investment...
In the e-commerce giant’s largest outside investment since its founding, Amazon said yesterday that it’s pouring another $2.75 billion (on top of the $1.25 billion it already invested) into Anthropic, maker of ChatGPT competitor Claude. With the race for AI dominance heating up, Anthropic, which also counts Google and Salesforce among its backers, has raked in over $10+ billion in investments over the last year, including the latest one from Amazon, per CNBC. Meanwhile, bankrupt FTX recently reached a deal to sell off its $844 million stake in Anthropic, mostly to a UAE sovereign wealth fund.
