Nova Clean Energy Acquires BNB’s 1-GW HyFuels Portfolio in Texas
Covering about 25,000 acres on the Texas Gulf Coast, HyFuels’ power supply will be split evenly between wind and solar energy.
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Exxon Mobil Guyana Awards Two Contracts for its Whiptail Project
Exxon Mobil Guyana awarded Strohm and TechnipFMC with contracts for its Whiptail Project located offshore in Guyana’s Stabroek Block.
EnQuest Selling Stake in North Sea Golden Eagle Oilfield, Sources Say
EnQuest has struggled in recent years with high debt levels and a drop in profits after Britain imposed a 35% windfall tax on North Sea producers.
North Carolina Grants Mining Permit to Piedmont Lithium
Located in Gaston County, North Carolina, the project is being designed to produce 30,000 metric tons of lithium hydroxide per year.
Deepwater Roundup 2024: Offshore Europe, Middle East
Part three of Hart Energy’s 2024 Deepwater Roundup takes a look at Europe and the Middle East. Aphrodite, Cyprus’ first offshore project looks to come online in 2027 and Phase 2 of TPAO-operated Sakarya Field looks to come onstream the following year.
Tesla to Slash Over 10% of Workforce as World’s Most Famous EV Maker struggles with Slowing Demand
Elon Musk’s company reported disastrous vehicle deliveries early this month Bloomberg News Tesla Inc. will slash global headcount by more than 10 per cent, Elon Musk wrote in an email to staff, as the carmaker grapples with a slowdown in electric vehicle demand. Tesla CEO Elon Musk sent a company-wide email announcing layoffs of “more than 10%” of Tesla’s …
Canada’s Trans Mountain Pipeline Expansion Could be Trouble for OPEC Member Iraq
Pipeline will almost triple shipments, bringing oilsands into direct competition with Iraq crude Bloomberg News Canada’s newest oil pipeline may spell trouble for a Middle Eastern country almost 7,000 miles away: Iraq. The Trans Mountain pipeline’s expansion, which will almost triple Alberta oilsands producers’ ability to ship their heavy crude to the Pacific Coast, will most directly affect …
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Tech Trends: AI Increasing Data Center Demand for Energy
In this month’s Tech Trends, new technologies equipped with artificial intelligence take the forefront, as they assist with safety and seismic fault detection. Also, independent contractor Stena Drilling begins upgrades for their Evolution drillship.
New Wind Installations Hit a Record Last Year, Report Says
(Reuters) – The global wind industry installed a record 117 gigawatts (GW) of new capacity last year but needs to add triple this amount annually by the end of the decade to meet climate targets, according to an industry report on Tuesday. The Global Wind Energy Council (GWEC) report said capacity installation last year was …
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Kimmeridge Withdraws Merger Proposal for SilverBow
Kimmeridge Energy Management said on Tuesday it has withdrawn its proposal to combine its gas-producing assets in South Texas with SilverBow Resources. Kimmeridge, SilverBow’s largest shareholder, in its latest attempt to acquire the company over the last two years had sent its offer on March 13 to combine assets. Along with Riposte Capital, SilverBow’s second-largest …
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