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America
Crude Oil
2024-10-31
Marathon Oil Cuts 500 Houston Jobs Ahead of ConocoPhillips Takeover
Marathon Oil Corp. warned of a mass layoff involving more than 500 employees at its Houston headquarters as part of the $17 billion takeover by ConocoPhillips, according to state filings.The affected workers may reasonably expect to experience a permanent
Offshore Wind Power
2024-10-30
Petrobras To Start Major Offshore Wind Measurement Campaign Using Brazil-made Floating Lidars
The company will invest BRL 60 million (approximately EUR 9.6 million) in the new measurement campaign which follows a one-year deployment of the first floating LiDAR buoy, called Bravo, in the Areia Branca sea, off the coast of Rio Grande do Norte.This p
Solar Panel
2024-10-30
First Solar Lowers Annual Sales Forecast, Posts Rise in Q3 Profit
U.S. solar panel maker First Solar lowered its sales forecast for the current year on Tuesday, even after reporting a rise in third-quarter profit helped by higher prices following additional tariffs on foreign-made panels.Shares were down 6.9% at $185.99
United States
2024-10-30
US Governors Push Back on PJM After Record-High Power Plant Prices
A group of five governors on Tuesday urged PJM Interconnection, the largest U.S. grid operator, to change the process it uses to determine the price paid to power plants after record-high prices awarded in its last auction.The most recent PJM capacity auc
Natural Gas
2024-10-30
Big Oil Sees AI Boom Driving ‘Crazy Demand’ for US Natural Gas
A surge in energy demand from technology giants that are rapidly developing cloud computing and artificial intelligence — known as hyperscalers — is becoming a major boon for the fossil fuel industry.That’s was the view of Murray Auchincloss, ch
Biofuel
2024-10-29
Cargill, Bunge Slow Soybean Buying on Stalled US Biofuels Policy
Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans due to uncertainty over US biofuels policy.The lack of guidance for a new clean-fuel tax credit is causing biofuels producers to put off some purchases of s
Oil Price
2024-10-29
Oil Steadies After 6% Plunge With Focus on Mideast Risk, US Data
Oil steadied — after tumbling the most in more than two years on Monday — as the market focused on the prospect for easing hostilities in the Middle East and upcoming US economic data.Brent was near $72 a barrel after plummeting 6.1% in the previous sessi
Solar project
2024-10-29
How American Tax Breaks Brought a Chinese Solar Energy Giant to Ohio
From the outside, these are the hallmarks of the 21st century clean energy manufacturing boom promised by the Biden administration, the result of sweeping incentives designed to restore national prowess in a market dominated by China.From the outside, the
Hydrogen Project
2024-10-29
Hyzon Motors Launches North America’s First Hydrogen-Powered Refuse Fleet
In a significant stride towards sustainable waste management, Hyzon Motors (HYZN) has announced the development of North America’s first fleet of hydrogen-powered refuse collection trucks. These zero-emission vehicles, designed specifically for
United States
2024-10-29
NextEra Plans To Raise $1.5 Billion To Fund Energy Projects
Utility firm NextEra Energy (NEE.N), said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects.Utility firms across the United States are ramping up investments in power projects to meet an expected spike in dem
Oil & Gas Supply
2024-10-29
US Seeks Up To 3 Million Barrels Of Oil For Emergency Reserve
The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year, a purchase that would leave the government with little money to buy more until lawmakers approve more funds.The so
Solar Technology
2024-10-28
Petrobras To Launch Second Phase Of Offshore Wind Research
Petróleo Brasileiro S.A. has said it would release new Bravo buoy units to collect, monitor, and assess offshore wind resources. The company said in a media release it is investing BRL 60 million ($10.5 million) into the new sea wind testing an
Battery
2024-10-28
USGS Finds Enough Lithium To Meet Annual Demand Nine Times Over
The United States Geological Survey (USGS) and the Arkansas Department of Energy and Environment's Office of the State Geologist have discovered a vast lithium reserve containing more than nine times the International Energy Agency's proje
Geothermal Drilling
2024-10-26
How Fracking Technology Could Drive a Clean-Energy Boom
From our collaborating partner Living on Earth, public radio’s environmental news magazine, an interview by Paloma Beltran with Jamie Beard, the founder of Project InnerSpace, which aims to kickstart geothermal power generation.Earth’s
Oil & Gas Supply
2024-10-26
SBM Offshore’s Behemoth FPSO Steps Into Brazil To Work At Petrobras’ Mega Deepwater Field
The Netherlands-based SBM Offshore is closing in on the first oil from its new floating production, storage, and offloading (FPSO) unit as the vessel has reached Brazilian waters and will be deployed at a huge field in the pre-salt Santos Basin off the co
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UK's National Grid bets $1.75 billion on AI power boom with Joulent investment
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SK, KKR to launch South Korea renewable energy venture valued at $1.3 bln
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Castlelake's Ibitu Energia to Invest $837m in Renewable Energy Assets
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Singaporean Green Tech Firms Envision Digital, T-RECs.ai to Launch First RECs Ecosystem
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Hitachi Energy announces €4 million investment into new Service Center in Dublin to strengthen Ireland’s grid resilience
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Google signs PPAs on 400-MW Texas solar project portfolio