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Global energy giant ExxonMobil reported third-quarter 2025 earnings last week. Those results delivered some eye-popping numbers for all the right reasons. The global energy supermajor announced a solid performance despite softer oil prices and a challenging operating environment. While Exxon’s Permian Basin assets are a key part of the story, Exxon’s Guyana operations are another important driver of this notable performance. Exxon made its first discovery in Guyana’s territorial waters in 2015 with the Liza-1 well in the 6.6-million-acre…
The surge in artificial intelligence and digital infrastructure has turned data centers into the fastest-growing source of new electricity demand in North America. Grid operators and policymakers are racing to keep up, and for energy providers, this wave of demand could open new frontiers of opportunity. Challenge 1: Capacity bottlenecks Data center developers are demanding power within tight timelines, while interconnection queues for new generation and transmission projects can stretch for years. Some operators are now building private…
Much of the hydrogen discourse over the past decade has been aspirational: visions of a clean hydrogen economy, deep decarbonization of industry and transport, and futuristic power systems built around electrolysis. In many of my earlier pieces on OilPrice, I warned that hydrogen was entering a “reality phase” — where hype must give way to execution, economics, and scaling. Now we are beginning to see real projects crossing the threshold, and the balance is shifting. But the path forward is fragile: execution, policy alignment,…
Concern has been rising that artificial intelligence is killing jobs, and there is evidence to support this. But in the energy industry, executives are loving AI. A fifth of energy companies are already using the technology, and an overwhelming majority of executives believe AI is a force for good. For energy, it has been. AI is driving energy demand much higher than ever before, and it has reasserted the reliability of supply as a top priority. In a report released this week, the UAE’s ADNOC and Microsoft reported that 87% of companies they…
While many countries around the globe pledge to transition away from fossil fuels to renewable alternatives, the use of coal for power generation has once again risen. Several governments have committed to cutting coal production and use over the coming decades, due to its reputation as the “dirtiest fossil fuel”. Coal is being increasingly replaced with less-polluting fossil fuels, such as natural gas, as countries gradually expand their renewable energy sectors to transition towards green energy. However, it seems that despite big…
