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Jobs to the Wind: Siemens Energy’s Gamesa to Cut 4,100 jobs, CEO Says in Staff Letter

CDN and International News, Latest, Renewable Energy, Wind / By

(Reuters) – Siemens Energy’s wind turbine division Siemens Gamesa is planning to cut 4,100 jobs, or around 15% of its workforce, the unit’s Chief Executive Jochen Eickholt said in an internal letter to staff seen by Reuters on Tuesday. “Our current situation demands adjustments that go beyond organizational changes. We have to adapt to lower business …

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NOW YOU KNOW: Why Does OPEC+ Often Clash Over Oil Production Capacity?

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, Tri-Pinned / By

(Reuters) – OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation’s output target is calculated from its notional capacity. Members of OPEC+ – comprising OPEC and allies such as Russia – tend to push for …

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Texas Set to Smash Clean and Dirty Power Output Records in 2024

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – The operator of the Texas power system, one of the largest in the United States, is on track to smash generation records from both clean and fossil fuel sources in 2024 as total power needs continue to grow. The Electric Reliability Council of Texas (ERCOT) clean power generation total through May 27 was …

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Oil Prices Gain on Expectations of OPEC+ Extension to Output Cuts

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices rose on Wednesday on expectations that major producers will extend output cuts at a meeting on Sunday and that fuel consumption will start rising with the start of the peak summer demand season. Brent crude futures for July delivery added 74 cents, or 0.9%, to $84.96 a barrel by 0917 GMT. …

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Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases / By

NEW YORK–(BUSINESS WIRE)–Hess Corporation (NYSE: HES) today announced that it has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special meeting of Hess stockholders held today, a majority of the outstanding shares of Hess common stock were voted in favor of the adoption of the merger agreement. …

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The Wireless Downhole Monitoring Dream: Now A Reality

Featured Articles, Latest / By

The GEOEM 125 Gauge features advanced wireless telemetry combined with a highly accurate suite of sensors makes for a dependable monitoring solution for even the most critical wells. And with a custom-built carrier design and engineered battery solution, it has been designed from the ground up to survive hostile environments with high vibration and temperatures …

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