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Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far. AGROTERRA Russia seized companies belonging to agricultural group AgroTerra and placed them …
NEW YORK, May 20 (Reuters) – Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization rates fell. Three of the biggest U.S. independent oil refiners – Marathon Petroleum (MPC.N), Phillips 66 and Valero Energy – earned combined adjusted profits …
U.S. Refiners Reward Shareholders With Big Returns Despite Softer Q1 Profits Read More »
Shipping’s global regulator is pushing the industry to achieve net zero greenhouse gas emissions by mid-century. Getting there will mean transforming a sector that’s still largely powered by fossil fuels and accounts for about 3% of human-made carbon dioxide. 1. What’s the current state of play? Shipping carries more than 80% of world trade and in total emitted more …
How the Shipping Industry Is Trying to Cut Its Billion Tons of CO2 Emissions Read More »
(Reuters) – The Electric Reliability Council of Texas (ERCOT) has warned reserve margins will be squeezed next week as temperatures rise and it may need to instruct generators to postpone non-urgent maintenance. ERCOT is the independent system operator for most of Texas, managing the flow of power to more than 27 million customers representing about …
(Reuters) – The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk about the network’s future, four former charging-network staffers told Reuters. After Tinucci had cut between 15% and 20% of staffers two weeks earlier, part of much wider …
The Inside Story of Elon Musk’s Mass Firings of Tesla Supercharger Staff Read More »
For years tech giants have been helping climate catastrophists shut down reliable fossil fuel electricity. Now the grid they’ve helped gut cannot possibly supply their growing AI needs. By Alex Epstein For years tech giants have been helping climate catastrophists shut down reliable fossil fuel electricity, falsely claiming they can be replaced by solar/wind. Now …
COMMENTARY: Tech Giants’ Self-Made AI Energy Crisis – Alex Eptsein Read More »
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 »
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 »
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 »
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 »
