United States
Artificial intelligence fueling electrician demand
As artificial intelligence continues to expand, the construction of new data centers is driving increased demand for electricians to install, maintain, and repair complex electrical and cooling infrastructure required to support high-density computing operations.
Frontera Energy secures Chevron-backed financing
Frontera Energy (FECCF) received a timely cash infusion after finalizing a new financing agreement with Chevron (NYSE: CVX). The deal links funding directly to future oil deliveries. Frontera said its Colombian subsidiary secured up to $120 million, including an $80 million upfront payment, providing near-term liquidity support.
World
Venezuela shuts wells amid U.S. blockade
Venezuela has begun shutting oil wells in the Orinoco Belt, home to the world’s largest proven oil reserves, as storage capacity fills under a blockade imposed by the Trump administration. State-owned Petróleos de Venezuela reportedly halted production at several sites beginning Dec. 28 as inventories swelled.
Frontera Energy deal extends internationally
Frontera Energy confirmed the Chevron-backed financing applies to its Colombian operations, tying capital access directly to future crude deliveries and reinforcing international energy trade links amid tightening credit conditions.
Türkiye targets major oil and gas output growth
Türkiye’s state-run Turkish Petroleum Corporation (TPAO) expects daily oil and gas production to reach 500,000 barrels by 2028, according to Energy and Natural Resources Minister Alparslan Bayraktar.
China’s electric vehicle exports surge
China’s exports of electric vehicles jumped 87% in November compared with a year earlier, with Asia and Europe absorbing the bulk of shipments, according to customs data cited by Bloomberg.
Power generation investment outpaces grid spending
The International Energy Agency reports global investment in electricity generation has surged nearly 70% over the past decade to $1 trillion annually, while grid investment has risen far more slowly to $400 billion, creating transmission bottlenecks in renewable-heavy regions such as Britain.