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Data Centers Are the New Oil Wells—And Chevron Is Already Drilling AI’s rapid expansion is reshaping the U.S. energy sector, with data center electricity demand expected to triple in the next three years. To meet this unprecedented surge, #Chevron is moving into power generation, developing gigawatt-scale, off-grid #powerplants fueled by #naturalgas. Key developments: ?Chevron is building 1 GW power plants for data centers, set to go live by 2027-2028? ?Seven GE Vernova gas turbines ordered for 2026 to ensure rapid deployment? ?Big Tech is increasingly turning to natural gas for 24/7 power reliability? ?Microsoft argues #renewables still have untapped potential for data center energy Read more: https://lnkd.in/dgvCGeuU Rextag's Energy DataLink: One app to meet your energy research needs Try it for FREE: https://lnkd.in/dut7zAt3?

Wind and Solar Beat Coal for the First Time in U.S. — But Can They Compete with Natural Gas?? According to clean-energy think tank Ember, wind and #solarenergy have generated more electricity than coal for the first time in U.S. history. In 2024, renewables accounted for 17% of the country’s power mix, while coal fell to a historic low of 15%. Solar led the charge, growing 27% year over year, while wind generation increased by 7%. Meanwhile, #naturalgas remains dominant, supplying 43% of the nation’s electricity, and the Trump administration is doubling down on gas expansion, new pipelines, and LNG exports. However, despite record-breaking solar installations and battery storage growth, the transition remains uneven. Twenty—eight states still generate less than 5% of their electricity from solar. Read more: https://lnkd.in/dkgVM2-N Rextag's Energy DataLink: One app to meet your energy research needs Try it for FREE: https://lnkd.in/dj_HM3Ur?

Is the AI Revolution Fueling a Dangerous Monopoly Over US Energy?? With data centers driving record-breaking electricity demand, #power infrastructure has become a prime target for #energy giants, private equity, and institutional investors. In just the first two months of 2025, $36.4 billion worth of power deals have been announced—including Constellation Energy’s $16.4 billion takeover of Calpine. While some hail this expansion as necessary to keep up with AI-driven power needs, others question whether this M&A frenzy consolidates too much control into the hands of Wall Street investors. Meanwhile, the President’s administration has declared an "energy emergency" to accelerate new projects—but will this really solve the challenges of rising costs, supply chain bottlenecks, and labor shortages? Read more: https://lnkd.in/dt8VRY3n Rextag's Energy DataLink: One app to meet your energy research needs Try it for FREE: https://lnkd.in/d8GZhpKt?

With #Permian #oil production holding strong at 1,912 MMBBL, #Appalachian #gas declining nearly 10%, and offshore drilling rebounding, the U.S. #upstream sector is navigating market shifts and new energy demands.? Read more: https://lnkd.in/dSEHjx_Q?

The energy giant is scaling back its green energy ambitions, cutting over $5 billion from its renewables budget and increasing oil and gas spending by 20% to $10 billion per year. #BP's leadership says its transition away from fossil fuels went “too far, too fast,” and that investor pressure and weak financial returns from renewables have forced a strategic reset. Read more: https://lnkd.in/dtX3DK5G?

BP’s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same? #BP is cutting over $5 billion from its renewables budget and increasing oil and gas investments by 20%—but it’s not alone. #Shell has reduced renewable spending, citing weak returns.? #Equinor has halved its planned green energy investments.? #ExxonMobil continues to prioritize oil and gas expansion. Why the retreat? High costs and supply chain issues in renewables.? Rising oil and gas prices making fossil fuels more profitable.? Investor pressure for stronger financial performance. Is this a short-term correction, or a fundamental shift away from clean energy? Read more: https://lnkd.in/dtX3DK5G Try it for FREE: https://lnkd.in/dWgymwfm?

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy? What’s Behind the $105 Billion in Oil Deals? The U.S. oil and gas industry is at a crossroads. With record-breaking production, major mergers, and policy shifts, the stakes have never been higher. ? Permian Basin continues to dominate, with 6.6 MMBbl/d projected in 2025.? ? Gulf of Mexico offshore drilling is making a strong comeback.? ? LNG exports set to hit 13.7 Bcf/d, fueling global demand.? ? ExxonMobil, Chevron, and Shell are betting big on carbon capture and power generation shifts.? ? $105B in M&A deals reshaping the industry after Exxon’s $59.5B Pioneer takeover and Chevron’s $53B Hess acquisition.? But with oil prices forecasted to drop to $74/bbl and OPEC+ watching closely, is the U.S. heading for another boom—or a bust? Read more: https://lnkd.in/dWsWKURq Try it for FREE: https://lnkd.in/dhpW8b4i?

The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions? The International Energy Agency (#IEA) has long been considered the authority on #energy_forecasting. However, its 2024 World #Energy Outlook (WEO) is now being seriously criticized. Mark P. Mills and Neil Atkinson's deep dive revealed 23 major flaws in the IEA’s assumptions, which could have severe consequences for global energy security, economic stability, and supply chains. Developing economies (India, Africa) are increasing #oil demand, not reducing it.? EV growth is slowing, and battery supply chain issues are mounting.? Critical minerals like lithium, cobalt, and nickel are in short supply.? OPEC+ is actively cutting production, keeping oil prices high.? The world has never transitioned energy sources as quickly as the IEA assumes. If the IEA is wrong, the global energy transition is in danger of major disruptions. What do you think? Is the IEA’s peak oil forecast realistic, or are they ignoring the facts? Read more: https://lnkd.in/dddHxJ_c Try it for FREE: https://lnkd.in/dBeGhNFS?

Profits or Planet? BP’s ‘New Beginning’: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results?? Under CEO Murray Auchincloss, BP is taking a bold new direction, signaling a shift back to core #oil_and_gas assets after years of heavy investment in low-carbon projects. Although the company hasn’t officially confirmed reports that activist hedge fund Elliott Management is pushing for higher shareholder returns, this strategic pivot suggests a strong response to investor concerns. #BP’s recent earnings highlight a complex picture: weaker-than-expected refining margins and a net loss of $2 billion in the fourth quarter, offset by $7.43 billion in operational cash flow. As we approach the Capital Markets Day on February 26, all eyes will be on how BP balances cost-cutting, higher dividends, and reduced low-carbon spending—while still acknowledging the global #energy transition. Do you believe BP’s new focus will yield the shareholder returns it promises, or does this pivot risk leaving the company behind in the race to decarbonize? More: https://lnkd.in/giEtfshk Rextag's Energy DataLink: One app to meet your energy research needs Try it for FREE: https://lnkd.in/gFKKbhXb ?

The End of the AI Energy Boom? DeepSeek Just Changed Everything for Natural-Gas Producers? #DeepSeek’s breakthrough AI model just sent shockwaves through the energy sector. #Naturalgas producers, #pipeline operators, and #power giants saw stocks plummet as investors feared a shift in AI’s power demands.? - EQT & Antero Resources: -9% - Kinder Morgan & Williams: -9.3% & -8.4% - Texas Pacific Land: -7.7% | LandBridge: -17% - Constellation Energy: -21% | Vistra: -28%? Is this a temporary panic or a major reset for AI-driven energy demand?? One click to learn more: https://lnkd.in/dMRfMWK4? Rextag's Energy DataLink: One app to meet your energy research needs? Try it for FREE: https://lnkd.in/dmRJXc8j