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Now You Know! What are Carbon Offsets and Who is Buying Them?

Emission Reduction, Energy Topics & Technology, Latest, US News / By

by EnergyNow Staff Carbon offsets are a tool used to mitigate the environmental impact of greenhouse gas (GHG) emissions. They allow individuals, businesses, or governments to compensate for the emissions they produce by investing in projects that either remove carbon dioxide (CO2) from the atmosphere or prevent further emissions. The concept is that by supporting …

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ChampionX Reports Third Quarter 2024 Results

Latest, Press Releases / By

Revenue of $906.5 million Net income attributable to ChampionX of $72.0 million Adjusted net income of $85.9 million Adjusted EBITDA of $197.5 million Income before income taxes margin of 11.2% Adjusted EBITDA margin of 21.8% Cash from operating activities of $141.3 million and free cash flow of $108.1 million THE WOODLANDS, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) — ChampionX …

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Tesla Posts Higher-Than-Expected Profit on Delivery Growth

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Projects 50% growth next year over its 2023 production volumes Bloomberg News Tesla Inc. surpassed Wall Street estimates for earnings in the third quarter and projected a slight increase in deliveries for the current year, reflecting a rebound in demand for its electric vehicles. The company on Wednesday reported adjusted earnings of 72 cents per share for …

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Transocean in Merger Talks with Rival Seadrill, Bloomberg News reports

Energy Topics & Technology, Latest, Mergers and Acquisitions, Offshore, US News / By

Offshore drilling provider Transocean is in talks to merge with rival Seadrill Ltd, Bloomberg News reported on Wednesday, citing people familiar with the matter. The companies are discussing the potential structure of the combination, it said. However, a final decision has not been made and the companies could choose to remain independent, Bloomberg reported. Seadrill …

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`JPMorgan Looks to Resume Trading Physical LNG, Bloomberg News Reports

Conventional Energy, Latest, LNG, US News / By

 JPMorgan Chase is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade, Bloomberg News reported on Wednesday, citing people familiar with the matter. The bank has had talks with at least three projects under development in the Gulf Coast to get a long-term LNG supply, the report said. The …

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