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Most coal-fired power plants will delay retirement to feed AI boom, energy secretary says
Yahoo Finance· 2025-09-25 17:26
By Laila Kearney and Timothy Gardner NEW YORK (Reuters) -The administration of U.S. President Donald Trump expects most of the nation's coal-fired power plants to delay retirement to help deliver the vast amount of electricity needed to fuel artificial intelligence, Energy Secretary Chris Wright told Reuters on Thursday. Keeping those often half-century-old coal plants running is part of a broader strategy to increase the country's power output that will also include boosting nuclear energy and allowing ...
Eni Advances Zohr Gas Field Development, Boosts Egypt's Gas Supply
ZACKS· 2025-07-03 16:00
Core Insights - Eni S.p.A has completed drilling operations at the Zohr gas field, enhancing Egypt's natural gas production capacity [1][8] - The Saipem 10000 drillship has been instrumental in drilling additional wells at the Zohr field, with ongoing operations aligned with Egypt's development plan [2][3] - The Zohr gas field is a significant asset, containing approximately 480 million barrels of oil equivalent, and is crucial for Egypt's energy strategy [4][5] Production Capacity and Future Plans - The completion of drilling at the Zohr 6 well has added 60 million cubic feet of natural gas per day to Egypt's production capacity, supporting national energy requirements [3][8] - The upcoming Zohr 13 well is projected to contribute an additional 55 million cubic feet per day, further bolstering production [4][8] - Eni aims to increase production to 3.2 billion cubic feet per day by the end of 2025, with plans for two more wells and a $360 million investment in 2026 [5][8] Industry Context - The growth in natural gas output from the Zohr field aligns with Egypt's strategy to enhance local production and ensure a steady energy supply across various sectors [3] - Eni's operations at the Zohr field reflect the broader trends in the energy sector, focusing on maximizing production from existing resources [5][8]