mark

SHARC Energy Announces Q1 2024 Financial Results

VANCOUVER, British Columbia, May 16, 2024 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) announces it has filed financial results for the three months ended March 31, 2024. All figures are in Canadian Dollars and in accordance with IFRS unless otherwise stated. First Quarter Financial Highlights: As …

SHARC Energy Announces Q1 2024 Financial Results Read More »

Oil-Sands Capital of Canada Now Grappling With Second Wildfire

New out-of-control blaze springs up north of Fort McMurray Earlier fire grew in size overnight and came closer to city The unofficial capital of Canada’s oil-sands industry is now facing a second wildfire that’s north of the city and closer to major energy operations. The new blaze near Fort McMurray, Alberta, is about 3 hectares …

Oil-Sands Capital of Canada Now Grappling With Second Wildfire Read More »

Lacking Shale Investment a Huge Obstacle, Major Investor Says

Capital for closely held drillers shrinking, Wil VanLoh warns Oilfield services providers have signaled smaller market Energy transition technologies receiving double the investment compared to oil and gas is becoming a major problem for the shale sector and for global supply-demand balances, said Quantum Capital Group Chief Executive Officer Wil VanLoh who manages $25 billion. Public shale …

Lacking Shale Investment a Huge Obstacle, Major Investor Says Read More »

Big Bets on Gas Demand Show Fuel Is Far From Fading

Bloomberg Qatar’s energy minister yesterday shared a stage with the bosses of Exxon Mobil Corp. and TotalEnergies SE — the second time in three weeks he’d joined Big Oil to discuss the green transition. But the main takeaway from the forum in Doha? Gas is here to stay. The outlook of the two supermajors and …

Big Bets on Gas Demand Show Fuel Is Far From Fading Read More »

Tesla Board Rallies Retail Investors to Vote for Musk’s US$56 Billion Pay Package

The automaker’s financial performance has been flagging amid a global slowdown in EV sales Bloomberg News Elon Musk has threatened to develop products outside of Tesla if he doesn’t attain at least a 25 per cent equity stake in the carmaker. PHOTO BY JAE C. HONG/ASSOCIATED PRESS Tesla Inc. is looking to woo its unusually large base …

Tesla Board Rallies Retail Investors to Vote for Musk’s US$56 Billion Pay Package Read More »

U.S. Energy Sector Consolidation Extends into 2024

The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals …

U.S. Energy Sector Consolidation Extends into 2024 Read More »

Chevron Prepares for North Sea Exit After More Than 55 Years

(Reuters) – Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant’s exit from the ageing basin after more than 55 years. The planned divestment, confirmed to Reuters on Thursday, comes as Chevron prepares for the $53 …

Chevron Prepares for North Sea Exit After More Than 55 Years Read More »

White House Moves to Protect U.S. Solar Manufacturers from Chinese Competition

(Reuters) – The White House on Thursday said it would protect domestic solar factories from Chinese competition by scrapping a tariff exemption for imported double-sided panels and making it easier for projects to claim a subsidy for using American-made products. The moves come as President Joe Biden touts his economic policies ahead of a November …

White House Moves to Protect U.S. Solar Manufacturers from Chinese Competition Read More »