Energy News Beat Natural gas producers are bullish on demand as they see significant upside from the immense energy needs of artificial intelligence and data centers. Electricity demand is forecast to grow 20% by 2030, according to Wells Fargo. Power companies say gas is needed to meet demand when renewable energy sources are not generating […]
Energy News Beat ENB Pub Note: This is a major topic, and the land reclamation and disposal of wind and solar components need to be addressed at the front end of the projects. Farmland and landowners are getting stuck at the end of the projects. Sustainable energy has to include reclamation and fiscal responsibility. The […]
Energy News Beat Vestas (VWDRY) shares fell Thursday after the company reported a first-quarter adjusted EBIT loss and lower revenue year-on-year. Vestas’s first quarter adjusted EBIT came in at -EUR68 million. Analysts had forecasted an adjusted EBIT profit for the company. Revenue for the quarter came in at EUR2.68 billion, 5.2% below the EUR2.83 billion […]
Energy News Beat The United States, the UK, Italy, France, Japan, Germany, and Canada this week struck an agreement to end the use of coal for power generation by 2035. Coal as a source of power generation across the G7 economies accounted for about 15% of the energy mix. Despite big additions of renewable energy […]
Energy News Beat Chevron Australia, a unit of US energy giant Chevron, is working to resume full production from its Gorgon LNG terminal in Western Australia following a “mechanical fault” which is affecting one LNG production train. “The fault occurred about 3pm AWST on Tuesday, April 30 in a turbine,” a Chevron Australia spokesperson told […]
Energy News Beat US LNG exporting giant Cheniere reported a 42 percent drop in its quarterly revenue due to lower prices, while its net profit decreased 91 percent. The company’s Corpus Christi Stage 3 project is 55.9 percent complete. The owner of the Sabine Pass and Corpus Christi LNG export terminals said on Friday its […]
Energy News Beat [[{“value”:” The US company has warned investors it will not be able to deliver the planned number of Dreamliner jets this year, according to the paper Boeing is experiencing problems with the production of its 787 Dreamliner wide-body airliners due to the lack of a key component caused by US sanctions on […]
Energy News Beat Wolf Richter on “This Week in Money,” at HoweStreet.com, recorded on March 27: Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how: Would you like to be notified via email when WOLF STREET publishes a new […]
