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The Latest Breaking News from CERAWeek

AI boom drives clash between grid power vs. energy "islands"

Data centers could plug into the grid, or they can operate on their own.

Axios

Energy ‘vulnerable’ India seeks U.S. help to produce more oil and wean itself off Russia, Middle East reliance amid geopolitical turmoil

Cairn Oil & Gas aims to rapidly grow as India’s top private energy producer.

Fortune

Exclusive: Wind projects delayed as Trump's Pentagon reviews stall

The delays are dragging down a race led by tech companies to build AI data centers.

Axios

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An uneasy mix of celebration and anxiety dominates the ‘Davos of energy’ as the month-long Iran war further disrupts the global economy

The longer the Iran war lasts the more long-term demand destruction, inflation, and a global recession take hold.

Fortune

Dow CEO: “The die is cast” from Iran war for high petrochemical prices through the end of 2026

Dow chair and CEO Jim Fitterling estimates unwinding the shortages could take up to 275 days.

Fortune

U.S. natural gas exporters literally answer Asia’s calls for ‘help’ from the Iran war, but aid can’t come ‘overnight’

Global natural gas shortfalls from Qatari facility damages may last years, but a massive wave of U.S. export growth is underway.

Fortune

Climate Activists Confront Iran War Profiteering at Big Oil Confab in Houston

Meanwhile, the U.S. energy secretary tries to soothe an anxious American oil industry, urging them to ramp up production amid shock to global markets.

Texas Observer

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"We're in a tough spot": Mattis delivers harsh Iran assessment

If Trump declares victory and pulls back the U.S. military, Iran "would now say we own the Strait," Mattis said.

Axios

Why Trump is paying a French energy giant almost $1 billion to abandon U.S. offshore wind projects in favor of natural gas

Speaking at the CERAWeek by S&P Global event in Houston, TotalEnergies chairman and CEO Patrick Pouyanné said he is opting “not to litigate, but to make pragmatic solutions.”

Fortune

Big oil gathers in Texas – but beneath the bravado, Trump-induced anxiety

Energy summit in Houston makes clear US is nowhere close to curbing fossil fuels, but tariffs are causing disquiet

The Guardian - US

EU, US Eye Greater Energy Ties Amid Trump Frictions

European and US policy makers are eyeing deeper ties around natural gas even as trade conflict boils and President Donald Trump challenges the long-running transatlantic alliance.

International Business Times

Chevron CEO weighs in on oil legislation after Trump pulled its license to operate in Venezuela: 'Swinging from one extreme to the other is not the right policy approach'

Trump’s slashed Chevron’s license to drill and export oil in Venezuela. Now, Chevron is calling for long-lasting legislation.

Fortune

US energy industry’s climate retreat is putting profits over people, advocates say

Oil giants retreat on climate pledges, embrace Trump-era fossil fuel policies at CERAWeek in Texas

The Guardian - US

Trump’s ‘drill, baby, drill’ agenda could keep the world hooked on oil and gas

The US president is making energy deals with Japan and Ukraine, and in Africa has even touted resurrecting coal

The Guardian - US

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news in one place.

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International Business Times

Oil Companies Greet Trump Return, Muted On Tariffs

Oil executives said Tuesday they are bullish on US petroleum investments in the emerging Trump era as some giants back away from renewable energy and beef up fossil fuel developments.

The Guardian - US

What the world needs now is more fossil fuels, says Trump’s energy secretary

Chris Wright signals abandonment of Biden’s ‘irrational, quasi-religious’ climate policies at industry conference

International Business Times

Saudi Aramco CEO Calls Energy Transition Strategy A Failure

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday.

International Business Times

Dig Deep: US Bets On Geothermal To Become Renewable Powerhouse

Though geothermal represents only a tiny fraction of current US energy production, several businesses and President Joe Biden's administration are betting on technological advances to make it a backbone of the green transition.

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Top News

U.S. To Replenish Emergency Oil Reserve By Year-End

The U.S. plans to restore its emergency oil reserve for energy security and stability by replenishing reserves to prior levels.

WEKU

An oil CEO who will head global climate talks this year calls for lowered emissions

Sultan al-Jaber told energy industry power players on Monday that the world must cut emissions 7% each year and eliminate all release of methane.

Asharq Al-Awsat

Turkey Has No Plans to Cut Russian Oil Buys, Welcomes Iran Supply, Says Minister

Turkey will continue to buy Russian oil and hopes sanctions on Iran are lifted, bringing additional supplies to meet global demand, Energy Minister Alparslan Bayraktar said on Tuesday. Turkey relies on Russia for 45% of its natural gas demand, 17% of oil and 40% of its gasoline, he said in…

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