Meta accelerated its spending on capital expenditures in Q3 2026 as it seeks to speed the adoption of its compute-intensive Muse AI agent, the company said during its earnings call on October 21.
There’s a horse race among Gulf Coast gas storage developers to provide the tens of billions of cubic feet of incremental space that will be needed by the early 2030s. Out front are the owners of existing salt cavern storage. But which brownfield projects have that special something?
The Gulf Coast gas storage market today is a different animal, marked by steeper prices, an emphasis on high injection and withdrawal rates, and a looming capacity shortfall. How did we get here, which market players are shaping things the most, and how much new gas storage is likely to get built?
Just a few years ago, natural gas storage capacity along the Gulf Coast was widely available at low cost, but that has all changed. A storage-capacity shortfall is looming as new LNG export facilities come online, and the competition among storage developers is heating up. There will be winners and losers.
Artificial intelligence is reshaping the global energy landscape faster than any technological shift in recent memory. Chevron’s Project Kilby, a natural‑gas‑fired power plant built specifically to supply an AI data center, represents a strategic pivot for Chevron into a new business vertical.
Chevron’s global upstream volumes increased by more than 5% in Q2 2026, while U.S. production reached a record of nearly 2.1 MMboe/d, the company said during its quarterly earnings call July 31. Downstream operations also reached new highs. Chevron processed more than 1 million b/d through its U.S. refineries, a record.
Natural gas-fired generation is king in the realm of data center development, at least for the near term. Still, hyperscalers are taking a variety of steps to mitigate the climate impact of their expanding gas use. These include adding CCS, building renewables and supporting new nuclear.
Demand for natural gas in Northeast and pipeline capacity out of Appalachia are poised to grow in the coming years, but will production follow suit? Even if market conditions improve, it’s not a done deal. Today, we look at which producers are best positioned to grow if conditions warrant.
There are several approaches hyperscalers can take to mitigate the climate-related impacts of their increasing gas consumption for data centers. These include buying and retiring environmental credits; capturing and sequestering gas-plant CO2; and developing more renewables and nuclear capacity.
A number of states have been early movers in the data center world, but several in the Northeast — while not yet major data center hubs — are laying the groundwork for a much bigger role. Today, we examine the plans of several states and how they could impact the region’s natural gas market.
