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Today, reporter Will Mathis examines the ongoing troubles facing the wind power industry. Just when things were starting to look up for wind power, new troubles are pulling it back down. In recent years, soaring inflation, supply-chain chaos and rapidly rising interest rates shocked turbine manufacturers and their customers, upending a business model that depended on cheap …
The Wind Power Industry Isn’t Over Its Gloom Loop Yet Read More »
(Reuters) – Over a hundred employees at Venezuela’s state oil company PDVSA, plus others in the oil ministry and parts of the public sector, have been forced to resign over their political views since last month’s disputed election, workers and unions said. The government says President Nicolas Maduro won a third term in the July 28 …
Dozens Forced to Quit Venezuela’s PDVSA Over Political Views, Workers Say Read More »
U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter. Halliburton said it was aware of an issue affecting certain systems at the company and was working to determine the cause and impact of the problem. The company was also working with “leading external experts” …
Top U.S. Oilfield Firm Halliburton Hit by Cyberattack, Source Says Read More »
By Stine Jacobsen COPENHAGEN, Aug 21 (Reuters) – Denmark will delay by at least three more years construction of a planned North Sea energy island to supply renewable power to three million European households, a government minister said on Wednesday, citing rising costs and high interest rates. The projected investment exceeds 200 billion Danish crowns …
Denmark’s North Sea Energy Island Delayed Again by High Costs Read More »
By Colleen Howe BEIJING, Aug 21 (Reuters) – China, the world’s largest builder of coal-fired power stations, cut the number of permits for new plants by nearly 80% in the first half of 2024, an environmental group report finds, saying time would tell whether it was a turning point. The Greenpeace East Asia report, based …
China Has Cut New Coal Power Plant Permits by Nearly 80%, Greenpeace Says Read More »
By John Kemp (Reuters) – China’s electricity consumption smashed the previous record in July as a prolonged heatwave settled over major load centres, especially in the Yangtze Delta, driving an enormous increase in air-conditioning and refrigeration. Unprecedented load was met by record output from hydro and solar, ensuring coal-fired generation fell slightly compared with the same …
China’s Record Hydro and Solar Cut Coal Power During Heatwave Read More »
Goldman Sachs on Tuesday said it expected Brent crude prices to fall to $68 per barrel by late 2025 if China oil demand remains flat through end of next year. Brent futures were trading around $77 a barrel by 11:46 a.m. EDT (1546 GMT) on Tuesday, while U.S. West Texas Intermediate (WTI) crude was around …
Brent Likely to Take a Hit From Soft Demand in China, Says Goldman Read More »
More From Irina Slav We humans are creatures of habit. Actually, all animals, I believe, are creatures of habit, only we have more of these because of those big brains of ours. Here on this Substack, for instance, we — and I mean the collective we, not the royal we, obviously — are in the …
COMMENTARY: EU’s Theatre of the Ridiculous – Irina Slav Read More »
(Reuters) – Russia has complained to Germany over its investigation into the 2022 explosions that ruptured the Nord Stream gas pipelines, the RIA state news agency reported on Monday, after a key suspect escaped arrest in Poland. German media reported last week that German prosecutors had identified a Ukrainian diving instructor as a suspect in the Nord …
Russia Complains to Germany over Nord Stream Sabotage Probe Read More »
Summary Shares up 1.3% VS fall in energy index Australia’s laws work in favour of fossil fuel interests – ACF Scarborough commissioning key growth catalyst – analysts (Reuters) – Woodside’s $12.5 billion Scarborough gas project in Western Australia has all primary environmental approvals in place, the firm said on Monday, after a green group agreed …
Woodside Gets Environmental Go-Ahead for Scarborough Project; Key Green Group Backs Down Read More »
