Hints and tips:
Related Special Reports
...Dominion Energy, the area’s largest electric utility company....
...Last year, Aramco acquired a 10 per cent stake in Shenzhen-listed Rongsheng Petrochemical for $3.6bn and entered a venture with two other Chinese companies to build a 300,000 b/d refinery and petrochemicals...
...In October, the company said in filings to a Virginia regulator that it was experiencing “significant load growth due to data centre development” and that growing power demands presented a “challenge”....
...Dominion Energy, which supplies Virginia’s fast-growing data centre sector, said in a recent strategic plan that until zero-carbon energy could offer constant power, gas units would be the “most affordable...
...Dominion Energy, active in data centre-heavy Virginia, has pointed to 9GW of potential new gas-fired capacity to help with reliability....
...Peak power required by the industry doubled between 2018 and 2022 to 2,767 megawatts, according to Dominion Energy, the main utility in the region....
...In 2020, Berkshire paid $8bn for Virginia-based utility Dominion Energy’s natural gas infrastructure business just as some other industry players were seeking to cut exposure to the fossil fuel....
...By 2030 EVs are forecast to displace 6mn barrels a day of global oil consumption, according to the International Energy Agency. Demand in 2023 was 102mn b/d....
...It also trimmed its growth forecast for 2025 to 1.1mn b/d, citing greater fuel efficiencies and more electric vehicles as a drag on oil growth....
...Last year the UK’s energy regulator launched a formal investigation of Drax, a UK-based power producer, into whether the energy company had complied with the country’s biomass sustainability rules....
...In Virginia — home to the biggest concentration of data centres in the world — Green Energy Partners has made a similar move, buying 640 acres next to Dominion’s Surry nuclear plant....
...The business, best known for oil and gas pipelines, plans to spend $14bn in total on acquiring three natural gas utilities from Dominion Energy. Virginia’s Dominion has been in steady retreat....
...In the electrical power sector alone, more than 90 per cent of expenditure is projected to come from private companies, according to Inter B....
...power systems....
...Dominion will be left to focus on its state-regulated electric utilities at a time when US power consumption is growing, sparked by factors including the shift to battery vehicles....
...These have picked up markedly in recent years, from a low of about 400,000 b/d in the pandemic year of 2020 to about 1.4mn b/d recently, according to Richard Bronze at Energy Aspects....
...and 360,000 b/d in 2025....
...The IEA added that record output from the US, Brazil, Guyana and Canada would help boost global supply this year by 1.5mn b/d to a record 103.5mn b/d....
...Saudi Arabia’s energy ministry on Tuesday asked the state oil company Saudi Aramco to halt a planned 1mn barrels per day expansion in oil production to 13mn b/d. This had been due by 2027....
...The utility Dominion Energy this week won regulatory approval to build a 2.6GW offshore wind farm in Virginia....
..., which builds data centres in Norway, an attractive destination for companies for its large amount of renewable energy....
...Saudi Arabia expects to free up a further 1mn b/d of oil for export by displacing liquid fuels used in the kingdom for power generation with gas, the person added....
...No mention of the B-word, then....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...The International Energy Agency is out with a new report this morning, urging oil and gas companies to dole out more cash for the energy transition or risk losing out in the path to net zero....
International Edition