Energy News Beat Norway’s Havfram has discontinued its business unit dedicated to early-phase development of offshore wind farms, Kontiki Winds. The news came hot on the heels of Havfram’s announcement of collaboration ending with RWE and NTE on the bid to build up to 1.5 GW of new floating offshore capacity in Norway. Commenting on the move, […]
Energy News Beat Buyers looking to get a bargain on a new car might want to consider an electric vehicle. As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear out unsold inventory. Some automakers, such as Hyundai Motor and Ford Motor, are this month offering cash rebates as high […]
Energy News Beat Google’s ambitious dive into the world of electric transportation faced an unexpected roadblock… or rather, a hill. According to World Peace Exclusive, the tech’s lauded “100% Electric Bus” took on San Francisco’s iconic hilly terrain, only to lose power midway up, roll backward, and turn into a four-wheeled pinball, colliding with reportedly […]
Energy News Beat Stellantis plans to produce an industry-first pickup for its Ram Trucks brand that’s equipped with an onboard gas engine and electric generator. The truck can operate as a zero-emissions EV until the vehicle’s battery dies and an electric onboard generator — powered by a 3.6-liter V6 engine — kicks on to power […]
Energy News Beat Newmont Corp. (NYSE: NEM) plans to raise $2 billion in cash through mine sales and project divestments following the acquisition of Australia’s Newcrest Mining. The approximately $15 billion deal was completed on Monday. The acquisition brings the company’s value to around $50 billion and adds five active mines and two advanced projects […]
Energy News Beat Iran has urged OPEC members to halt oil exports to countries supporting Israel, echoing the 1973 oil embargo, which dramatically increased oil prices and altered global economies. The call for an embargo is a response to the Israel-Hamas conflict, with the potential to significantly disrupt global oil supply and prices. As it […]
Energy News Beat The other evening, I was a panellist at an event bringing together energy companies, investors, bankers and other interested parties, to discuss the ways in which companies and investors communicate on issues relating to the energy transition. We discussed various questions around what investors want from companies, how engagement should work, and […]
Energy News Beat China Petroleum & Chemical Corporation (Sinopec) achieved a significant milestone on November 2, 2023, as they officially put into service the world’s largest LNG storage tank at their Qingdao LNG Receiving Terminal. With a staggering storage capacity of 541M gallons, this monumental tank stands as a cornerstone in reinforcing China’s natural gas supply […]
Energy News Beat 7 Nov, 2023 09:52 HomeBusiness News The country’s GDP data for Q3 is due later this week, but analysts suggest all signs point to a contraction The UK is likely already in a recession due to soaring interest rates and rising unemployment, Bloomberg reported on Monday. According to analysis by Bloomberg Economics, […]
Energy News Beat Authored by Daniel Lacalle, The Eurozone economy is more than weak. It is in deep contraction, and the data is staggering. The Eurozone Manufacturing purchasing managers’ index (PMI), compiled by S&P Global, fell to a three-month low of 43.1 in October, the sixteenth consecutive month of contraction. However, European analysts tend to […]
