"Colossal" AI Power Use

Enbridge CEO sees “colossal” AI power use, increased U.S. oil, LNG demand; U.S. shale production poised to break records by 2025; Natural gas demand to stay strong past 2050, says Santos CEO; 3 ways to profit from the Suriname Basin oil boom.

Author

Rob Quigley
August 23, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

Enbridge CEO sees “colossal” AI power use, increased U.S. oil, LNG demand.

Enbridge CEO sees “colossal” AI power use, increased U.S. oil, LNG demand

Enbridge Inc. Chief Executive Officer Greg Ebel has played a major role in the company’s transformation from an oil-focused pipeline operator into a sprawling enterprise with businesses touching all forms of energy. 

www.worldoil.com/news/2024/8/22/enbridge-ceo-sees-colossal-ai-power-use-increased-u-s-oil-lng-demand

U.S. shale production poised to break records by 2025.(World Oil)

Natural gas demand to stay strong past 2050, says Santos CEO.(World Oil)

3 ways to profit from the Suriname Basin oil boom.(Oilprice)

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Daily Headlines

  • Enbridge CEO sees “colossal” AI power use, increased U.S. oil, LNG demand.(Worldoil)

  • U.S. shale oil production to hit record in 2025 due to drilling efficiencies.(World Oil)

  • Halliburton responds to cyberattack targeting oil and gas sector.(Bizjournals $$$)

  • Natural gas demand to stay strong past 2050, says Santos CEO.(World Oil)

  • 3 ways to profit from the Suriname Basin oil boom.(Oilprice)

  • Offshore decommissioning costs rising globally.(Brazil Energy Insight)

  • ExxonMobil to develop new gas prospects in Guyana.(Upstream Online $$$)

  • Chevron expands CCS portfolio with new permit offshore Australia.(World Oil)

Deal Flow

M&A/Investment

IPO/Direct Listing/Issuances/Block Trades

  • Surge Energy announces $175 million senior unsecured note offering to support operations.(Upstream Online $$$)

  • California Resources surpasses tender amount for senior notes due 2026.(Hart Energy)

Fundraising

  • Inclusive Energy unveils major capital investment fund expansion to support Canadian upstream energy producers.(BOE Report)

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