Energy Topics & Technology

Auto Added by WPeMatico

Northvolt Closes in on $300 Million Rescue Package to Stay Afloat

Batteries, CDN and International News, Energy Topics & Technology, Latest / By

Combination of shareholders, lenders and customers are participating in the bridge funding Bloomberg News Northvolt AB is closing in on a US$300 million rescue package that includes debt and equity, according to people familiar with the matter, buying time for the cash-strapped Swedish battery maker to stabilize production and line up longer-term financing. A combination of …

Northvolt Closes in on $300 Million Rescue Package to Stay Afloat Read More »

US Crude, Fuel Inventories Fall Last Week, EIA

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 2.2 million barrels to 420.6 million barrels in the week ended Oct. 11, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.8 million-barrel rise. Crude stocks at …

US Crude, Fuel Inventories Fall Last Week, EIA Read More »

World Set for Cheaper Energy on Shift From Oil and Gas, IEA Says

CDN and International News, Coal, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Oil, US News / By

Demand for all fossil fuels to stop growing this decade World enters ‘Age of Electricity’ with EV sales set to climb The world is heading into an era of cheaper energy prices as a shift towards electricity use leaves behind surpluses of oil and gas, the International Energy Agency predicted. Global demand for all fossil fuels will …

World Set for Cheaper Energy on Shift From Oil and Gas, IEA Says Read More »

Schneider Electric to Buy Data Centre Cooling Firm Motivair for $850 million

Artificial Inteligence, Energy Topics & Technology, Latest, Mergers and Acquisitions / By

Oct 17 (Reuters) – Schneider Electric  will pay about $850 million for a controlling stake in Motivair Corp, a specialist in liquid cooling for high-performance computing, the French firm said on Thursday, beefing up offerings for rapidly-growing data centres. The all-cash deal, expected to close in the coming quarters, will give Schneider a stake of …

Schneider Electric to Buy Data Centre Cooling Firm Motivair for $850 million Read More »

US Offers Conditional Loan Guarantees Worth About $3 bln for Two Sustainable Aviation Fuel Projects

Air Travel, Energy Topics & Technology, Latest, US News / By

The U.S. Department of Energy said on Wednesday it has approved conditional loan guarantee commitments totaling nearly $3 billion for two sustainable aviation fuel projects.The agency’s Loan Programs Office said the funding of up to $1.44 billion to Calumet’s unit would support the expansion of its facility in Montana. The facility will utilize vegetable oils, …

US Offers Conditional Loan Guarantees Worth About $3 bln for Two Sustainable Aviation Fuel Projects Read More »

Amazon, Google Make Dueling Nuclear Investments to Power Data Centers with Clean Energy

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, US News / By

Amazon on Wednesday said that it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence. The plans come as the owner of the shuttered Three Mile Island nuclear …

Amazon, Google Make Dueling Nuclear Investments to Power Data Centers with Clean Energy Read More »

China’s Rapid Electrification is Catching Oil Producers Off Guard

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

(Reuters) – Over-estimating China’s appetite for crude has been a factor in oil markets this year, especially by OPEC, and it’s a theme that looks likely to continue in coming years. The increasing shift to electricity in transport from fossil fuels and what it termed “electric mobility” is “wrong-footing oil producers,” according to the International …

China’s Rapid Electrification is Catching Oil Producers Off Guard Read More »

Oilfield Services Firm Nabors Industries to Buy Parker Wellbore

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

 Nabors Industries on Tuesday agreed to buy drilling services provider Parker Wellbore as the oilfield services company aims to expand its global drilling business. The company would acquire Parker Wellbore for 4.8 million shares of Nabors’ common stock, subject to a share price collar, and the assumption of net debt of about $100 million. As …

Oilfield Services Firm Nabors Industries to Buy Parker Wellbore Read More »

IEA Sees Oil Surplus Looming, Reassures on Iran Supply Risk

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

Summary IEA cuts 2024 demand growth forecast by 40,000 bpd Projection for 2025 raised by 50,000 bpd Oil drops as Iran supply disruption concerns ease (Reuters) – The world oil market is heading for a sizeable surplus in the new year, the International Energy Agency said on Tuesday as it reassured markets that the agency …

IEA Sees Oil Surplus Looming, Reassures on Iran Supply Risk Read More »

Deadly Houston Fire Highlights Pemex’s Grim Safety Record

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pinned Primary, Refineries, US News / By

Accident at Deer Park refinery left at least two workers dead and another 35 people injured. A fatal accident last week at a Houston-area refinery was another reminder of the risks posed by the oil industry that dominates much of the city. The vast Deer Park facility, owned by Mexico’s state-owned oil company Petroleos Mexicanos, …

Deadly Houston Fire Highlights Pemex’s Grim Safety Record Read More »

Subscribe
Subscribe