Summary Northvolt co-founder urges EU not to give up EV battery dream Firm has filed for bankruptcy protection, needs $1.0-$1.2 bln EU hopes hit by weak EV sales, production issues, China strength (Reuters) – Northvolt’s financial collapse deals a blow to Europe’s plan to set up its own battery industry to power electric cars, stirring …
Northvolt Crisis May be Make or Break for Europe’s EV Battery Ambitions Read More »
Worked with Elon Musk at Tesla before heading up Swedish EV battery maker Bloomberg News Northvolt AB chief executive Peter Carlsson is stepping down as the Swedish battery maker embarks on a restructuring under bankruptcy court protection. Carlsson, a co-founder of Northvolt, has led the electric-vehicle supplier since its inception in 2016. He raised billions …
Northvolt CEO Peter Carlsson Quits After Bankruptcy Filing Read More »
Bloomberg News Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oilsands site, which the producer’s chief executive has called a “rock star” operation. Suncor’s wells in the province produced about 284,000 barrels a day last month, the most in data stretching back to 2018 and …
Suncor’s CEO Lauds ‘Rock Star’ Firebag Oilsands Site Read More »
Summary Russia will keep testing hypersonic missile in combat US imposes new sanctions on Moscow China crude oil imports set to rebound in November Nov 22 (Reuters) – Oil prices climbed about 1% on Friday, settling at a two-week high, as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent …
Oil Prices Settle up 1% (6% for the Week) at 2-Week High as Ukraine War Intensifies Read More »
(Reuters) – U.S. energy infrastructure providers are on pace to post their best year in many, as investors hedge against volatility in the commodity markets and wager on long-term demand fueled by the rise of power-guzzling technologies such as generative AI. The Alerian Midstream Energy Index, which tracks major North American pipeline and storage companies, …
US Energy Infra Firms Set for Record Gains as AI Power Demand Soars Read More »
Despite concerns many might have, AI looks to be the next great tool for the energy industry, experts say.
Freeport LNG’s report says one of three liquefication trains went offline due to an oil lube pump issue on Nov. 20.
Consulting firm McKinsey & Co. says a cooperative effort of upstream oil and gas companies could reduce the world’s emissions by 4% by 2030.
After closing a $17.1 billion acquisition of Marathon Oil, ConocoPhillips’ Delaware Basin leader sees opportunities to drill longer laterals and investigate secondary benches underground.
Here is a look at some of this week’s renewable energy news, including the ranking of top corporate solar users in the U.S.
