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U.s.
Emerson Sells Majority Stake in $14 Bln Climate Tech Unit to Blackstone - WSJ
U.S. industrial firm Emerson Electric Co is selling a majority stake in its climate-technologies unit to Blackstone Inc, in a deal that would value the unit at …
Oil Field
Pioneer Natural Resources to Increase Return Targets for Oil Wells
U.S. shale oil producer Pioneer Natural Resources will reshuffle its drilling portfolio next year to target wells with potentially higher returns, a move to boo…
Natural Gas
U.S. Natgas Futures Falls 3% on Mild Weather Forecasts
U.S. natural gas futures fell about 3% on Friday on record output and forecasts for mild weather and low heating demand through mid November, which should allow…
Electric Car
Inside the World’s First Affordable Solar-Powered Electric Vehicle: The $25,000 Sono Motors Sion
Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a…
Nuclear Power Plant
U.S. Developing Domestic Uranium Strategy -Energy Secretary
The United States is working on supplying its own uranium for existing and advanced nuclear reactors that could become commercial in the future to reduce depend…
Guyana
Exxon Makes More Oil and Gas Discoveries Offshore Guyana
U.S. oil and gas major Exxon Mobil has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block of…
Electric Car
U.S., EU Launch Formal Group to Discuss Conflict Over EV Subsidies
U.S. and European Union officials will formally launch a task force next week to discuss new American laws that Europeans fear will discriminate against foreign…
Electric Vehicle Battery
Hyundai Motor Considering Setting up Battery Joint Venture in the U.S.
Hyundai Motor Co. is considering establishing a joint venture battery plant in the United States.
Oil Price
U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte
U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…
Net Zero Emission
U.S. Groups Urge Kerry to Back Climate Compensation Fund
Over 100 U.S. environmental groups on Monday urged top U.S. climate diplomat John Kerry to support the creation of a fund that would compensate countries that h…
Electric Vehicle Battery
Mexico to Discuss Lithium, Auto Industry With U.S. Climate Envoy Kerry
Mexico will speak with U.S. climate envoy John Kerry about lithium, batteries and the automotive industry when Kerry visits the northwestern state of Sonora on …
Oil Price
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …
Oil Shale
Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output
U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil r…
Oil Refinery
Exxon Shares Surge to Record High on Strong Earnings Outlook
Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil produce…
Net Zero Emission
U.S. EPA Begins Work to Set up $27 Bln Green Bank
The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities …
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