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The deal, expected to close in the second quarter, illustrates how shale companies are pushing to consolidate, as many of the best U.S. drilling sites have been tapped.

The company expects to book roughly $3 billion of data center-related orders between 2025 and 2027 and is also on track to double its natural gas turbine capacity by the first half of 2027.

The winter storm is estimated to have knocked offline almost 10% of U.S. natural gas production, just as demand for the heating and power plant fuel jumped.

“AB InBev is securing the quality of key packaging assets in the U.S. likely as a result of aluminum tariffs,” according to Duncan Fox, a Bloomberg Intelligence senior industry analyst. 

Key members led by Saudi Arabia and Russia agreed Jan. 4 to keep production levels steady through the end of March, ratifying a decision made in November to suspend last year’s sequence of increases.

Key members led by Saudi Arabia and Russia will hold a monthly video conference Jan. 4, and review a decision to halt further supply hikes in Q1 after rapidly reviving production earlier this year.

Elon Musk won reinstatement of his 2018 pay package as CEO of Tesla, after the Delaware Supreme Court reversed the finding of a judge who said the billionaire had influenced board members.

The management shake-up comes as BP lags its rivals due to a combination of corporate disasters, war, lackluster returns from its renewables efforts and some bad luck.

Waymo, Alphabet's autonomous driving unit, is in discussions to raise more than $15 billion at a valuation near $100 billion, in a financing round led by its parent company.

The California Department of Motor Vehicles said Dec. 16 the suspension won’t take effect for 90 days to give Tesla time to appeal or come into compliance.