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Oil & Gas Trade
Shell Q3 Profits Of $6 Billion Beat Forecast As Gas Offsets Weak Refining
Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker refining and oil trading results were offset by higher ga…
Battery
SMA Altenso To Build 92.5 MW Battery Park In Germany
MEAG Munich Ergo Assetmanagement GmbH has agreed with SMA Altenso GmbH to acquire all shares in the Metelen Battery Park in the state of North Rhine-Westphalia.…
Battery
SMA Altenso To Build 92.5 MW Battery Park In Germany
MEAG Munich Ergo Assetmanagement GmbH has agreed with SMA Altenso GmbH to acquire all shares in the Metelen Battery Park in the state of North Rhine-Westphalia.…
Electricity Trade
The Rust Belt Is Becoming Ground Zero for the EV Charging Boom
As electric car sales pick up pace far from the US coasts, a wave of new fast-charging stations coming online from the Rust Belt down to the Deep South.Roughly …
Crude Oil
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, …
Coal Company
BHP Retreats From Comments About Moving On From Anglo Bid
BHP Group has been forced to walk back from comments about having moved on from its failed Anglo American Plc bid to prevent its hands being tied by the UK take…
Oil & Gas Trade
Nigeria Sees Objections to Shell Oil Asset Sale Resolved Soon
Nigeria’s upstream oil regulator found some issues with Shell’s proposed sale of its onshore assets to a consortium of local companies but they shou…
Natural Gas
Tax Hikes Hinder Gas Price Drop, Raise Electricity Costs
espite reductions in the cost of energy, supply and network services (-2% compared to second half of 2023), total prices slightly increased (+2%), as government…
Decarbonization
ACWA Power Signs $1.7bn Finance And Energy Deals
Saudi utility firm ACWA Power is set to increase its capital by SR7.13 billion ($1.89 billion) as part of its strategy to triple assets under management by 2030…
Solar Panel
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 hig…
United States
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 pow…
Natural Gas
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 …
Wind Power Project
Developers Nab Leases to Build New England Floating Wind Farms
Avangrid Inc. and Invenergy LLC units secured leases to install wind turbines across some 439,000 acres in the Gulf of Maine during a US government auction Tues…
Nuclear Reactor
Sweden’s Nuclear Revival in Question as Green Hangover Spreads
Sweden’s nuclear revival risks being undermined as more companies pull the brakes on large power-hungry green projects designed to clean up some of the wo…
Combined Heat and Power
Australia’s First Manufacturing Facility Fully Powered By Renewable Energy
After a multi-year collaboration with us, Mars has announced a renewable energy milestone. Mars Petcare facility at Wodonga (Mars Wodonga) in Victoria will beco…
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