Utilities
Russian Hacker Pleads Guilty in Oil and Gas Facility Attacks
A Russian hacker who broke into and damaged critical oil and gas infrastructure in the US, Ukraine and other countries pleaded guilty to charges that carry as many as 27 years in prison.
Meta’s Need for Gas Power Boosts Entergy Spending by $14 Billion
US utility Entergy Corp. boosted its four-year capital spending plan by nearly a third to $57 billion, mainly to build natural gas-fired power plants for Meta Platforms Inc.’s massive data center development in northern Louisiana.
Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes
Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that weren’t delivered as a result of the Iran war.
