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Oil & Gas Trade
2024-04-16
US Oil Output From Top Shale Regions to Rise in May, EIA Says
A pump jack lifts oil out of a well during a sandstorm in Midland, Texas, U.S., April 13, 2018. Picture taken April 13, 2018. REUTERS/Ann Saphir/File Photo Purchase Licensing RightsU.S. oil output from top shale-producing regions will rise in May to the h
Oil & Gas Supply
2024-04-16
Canada's Tamarack Valley Shutters Production After Alberta Gas Plant Fire
Canadian oil and gas producer Tamarack Valley Energy (TVE.TO), opens new tab has temporarily shut in about 6,200 barrels of oil equivalent per day (boepd) of production after a fire at a third-party gas plant at Mitsue, Alberta, CEO Brian Schmidt said on
Geothermal Power Plant
2024-04-15
Geothermal Energy Capacity to Take off Explosively in the United States
Estimates indicate that this form of renewable power and heat will grow by 1,900 percent by 2050.Geothermal energy technology isn’t anything new, but it is only recently that governments and companies have been investing heavily in it, as they s
CCS
2024-04-15
Japan's Mizuho Invests $3.64mm in Bison's CCS Project in Alberta
Japan’s Mizuho Bank, Ltd. has made an investment in Bison Low Carbon Ventures Inc. to facilitate the development of Bison's carbon capture and storage (CCS) projects in Alberta, Canada.Alberta-based carbon storage project developer Bison
Electric Vehicle Charging
2024-04-15
Illinois to Spend $25.1 Million on Public EV Charging Infrastructure
Illinois Environmental Protection Agency Director John J. Kim has announced plans to spend more than $25 million on new EV charging infrastructure under the Driving a Cleaner Illinois program.That $25.1 million of Illinois EPA money ($25,152,259.44, to be
Electric Vehicles
2024-04-15
Tesla (Tsla) Is Rumored to Be Preparing a Massive Round of Layoffs
Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production shift amid rumors that it is preparing a round of layoffs.We received several reports today from Tesla employees hearing rumors of an important round of layoffs happ
Carbon Capture
2024-04-15
Volvo Cars Uses Biogas to Achieve Its First Climate-Neutral Plant in China
Volvo Cars’ Taizhou manufacturing plant has switched to biogas, making it the company’s first plant in China to achieve climate-neutral status. The plant’s switch from natural gas will result in a reduction of more than 7,000
Photovoltaic (PV)
2024-04-15
The 531 MW Mendubim Photovoltaic Plant Inaugurated in Brazil
The Mendubim Solar Complex, the largest photovoltaic project in Rio Grande do Norte, was inaugurated in the municipality of Assu. With investments of R$ 2.1 billion, the project has 531 MW of installed power.The complex consists of 13 floors and occupies
Oil Field
2024-04-15
88 Energy Strikes Second Oil Discovery in Alaska
88 Energy Limited celebrates a significant milestone with the second light oil discovery at the SMD-B reservoir in its Hickory-1 well, Alaska, yielding a peak flow rate of around 50 barrels per day. With minimal associated gas flow, the results confirm th
Electric Vehicles
2024-04-13
Tesla Slashes Full Self-Driving Monthly Subscription to $99
Tesla has decided to slash its Full Self-Driving monthly subscription price in half to now $99 a month.This comes after Elon Musk said Tesla would keep increasing Full Self-Driving prices as the system gets better.Much has been said about Tesla’
Oil & Gas Trade
2024-04-13
IEA Lowers Global Oil Demand Forecasts on Weak OECD Consumption
The IEA's forecast on Friday stands in stark contrast to Opec's outlook released on Thursday. ReutersThe International Energy Agency has revised down its prediction for oil demand growth this year, due to lower-than-expected consumption an
Uranium Project
2024-04-13
Further Japanese Research Reactor Free of HEU
All remaining highly enriched uranium (HEU) from the Japan Atomic Energy Agency's (JAEA's) Japan Materials Testing Reactor Critical Assembly has now been returned to the USA. Japan and the USA have been cooperating for many years to repatr
Solar Power Plant
2024-04-13
Interior Finalizes Rule to Cut Solar and Wind Fees up to 80% on Public Land, Permits New Projects
(Photo by American Public Power Association on Unsplash )The Department of the Interior (DOI) has finalized a rule that will cut fees by up to 80% for wind and solar projects developed on federal land. In addition, the DOI announced it has permitted more
Solar Power Plant
2024-04-13
Avangrid's First California Solar Farm Breaks Ground
(Photo by Markus Spiske on Unsplash)Avangrid, a sustainable energy company and member of the Iberdrola Group, announced that construction is now underway at the Camino Solar Project in Kern County, California. Camino Solar is Avangrid’s first ph
Oil&Gas Drilling
2024-04-13
Exxon Moves Forward With Sixth Oil Project in Guyana
Exxon Mobil?s new headquarters are seen under construction in Georgetown, Guyana, February 18, 2024. REUTERS/Sabrina Valle/File Photo Purchase Licensing RightsAn Exxon Mobil-led oil consortium (XOM.N), opens new tab on Friday gave the financial green ligh
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Sungrow Signs 145 MW Distribution Agreements During Solar Pakistan 2023
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China's Investment into BRI Countries Expands in Jan.-May
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BlackRock Achieved $1bn Record for the Global Renewable Power III (GRP III) Fund
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Leeward Secures $162.9m Financing for Colorado Wind Farm
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China Solar PV Auction Awards 22.8 Gigawatts With Feed-in Tariffs
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Xinhua Headlines: Zooming Into Strength, Resilience and Potential of Chinese Economy