Rec

Oil & Gas Trade

BP Profit Slides by 40% as Refinery Outage Offsets Higher Output

BP's (BP.L), opens new tab first-quarter earnings plunged by 40% to $2.7 billion, missing forecasts after lower energy prices and a U.S. refinery outage off…

Oil & Gas Trade

BP Q1 Profits Slump to $2.7 Billion, Missing Forecasts

BP (LON:BP) reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower oil and gas prices and a…

Solar Panel

Italy Curbs Installation of Solar Panels on Agricultural Land

A solar panels array, part of the renewable energy community of Politecnico di Milano is seen in Milan, Italy, April 8, 2024. REUTERS/Claudia Greco/File Photo P…

Oil & Gas Trade

Shell Smashes Forecasts With $7.7 Billion Quarterly Profit

Shell (SHEL.L), opens new tab reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian re…

Offshore Wind Power

Nordex Receives an Order for 148 MW of Wind Power for N149/5.x Wind Turbines in the US

Nordex has received an order for N149/5.X wind turbines from the United States and will supply 25 of its Delta 4000 series models. The turbines will be installe…

Geothermal Power Project

CTR to Receive $30 Million Tax Credit From California to Support Geothermal Lithium Project

Controlled Thermal Resources CEO Rod Colwell and California Governor Gavin Newsom at the project site of CTR in Imperial County (source: Governor Newsom via Twi…

Geothermal Power Plant

Hungary Publishes National Strategy to Double Geothermal Output by 2030

Winter ice skating in city park, Budapest/ Hungary (source: flickr/ Gabriel Hess, creative commons)The Government of Hungary, thru the Ministry of Energy, has r…

Carbon Emissions

Progress! U.S. Energy-Related CO2 Emissions Dropped 3% in 2023

Based on analysis in the most recent U.S. Energy-Related Carbon Dioxide Emissions report, U.S. energy-related CO2 emissions decreased by 3%, about 134 million m…

Pumped Storage

Duke Energy Unit Upgrades at Bad Creek Pumped Storage Add 320 MW of Capacity

(photo courtesy Duke Energy)Duke Energy recently completed upgrades to the four units at its 1,680 MW Bad Creek pumped storage plant in Salem, South Carolina, a…

Oil & Gas Trade

Diamondback Energy and Endeavor Receive Second FTC Request Over $26 Bln Deal

Oil and gas firm Diamondback Energy (FANG.O), opens new tab said on Monday it had received a second request from the U.S. Federal Trade Commission (FTC) in conn…

Offshore Wind Power

Making Concrete by Recycling Wind Turbine Blades

Spain faces the challenge of what to do with waste from wind farms that have already reached the end of their useful life. The removal of wind turbines causes a…

Photovoltaic （PV）

China to Reach 5.5 TW of Photovoltaic by 2050

China is set to reach 5.5 TW of photovoltaic by 2050, according to forecasts by Norwegian risk-assessment specialist DNV in its latest report, Energy Transition…

Oil & Gas Trade

India Receives Oil Cargo in Russian SCF Tanker After Brief Halt, Sources Say

A model of oil barrels is seen in front of Russian and Indian flags in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Pur…

Oil & Gas Trade

Seal of Approval for UK Oil & Gas Firm to Expand Its Stake in Angolan Offshore Blocks

UK-headquartered and AIM-listed company Afentra plc – through its wholly-owned subsidiary, Afentra (Angola) Ltd – has received the Angolan governmen…

Renewable Energy

Shanghai Electric Group Boosts Pakistan's Energy Sector

Shanghai Electric Group, a prominent Chinese conglomerate specializing in energy equipment manufacturing, is making strides to alleviate Pakistan's energy c…