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Wind Turbine Makers Halt Race for Size to Focus on Cost, Delivery

Latest, Renewable Energy, Solar, Tri-Pinned, US News, Wind / By

  Summary After rapid increases in offshore wind turbine capacities, western suppliers are doubling down on existing models to drive supply chain efficiencies and reduce risks. Another stumble for offshore wind in New York has highlighted shifting sentiment in the offshore wind turbine market. Last month, New York State Energy Research and Development Authority (NYSERDA) …

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US Drillers Add Oil and Gas Rigs for First Time in Four Weeks – Baker Hughes

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By Scott Disavino May 17 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose …

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Oil Set for Weekly Gain on Hopes of Firmer Demand

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil prices steadied on Friday, with global benchmark Brent set for its first weekly gain in three weeks as economic indicators from big consumers China and the United States bolstered hopes for higher demand. China’s industrial output rose 6.7% year on year in April as recovery in its manufacturing sector gathered pace, accelerating from 4.5% …

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The Inside Story of Elon Musk’s Mass Firings of Tesla Supercharger Staff

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

(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 …

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COMMENTARY: Tech Giants’ Self-Made AI Energy Crisis – Alex Eptsein

Artificial Inteligence, Energy Commentary, Energy Topics & Technology, Latest, US News / By

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 …

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Oil, Gas Groups Sue to Block U.S. Rule Raising Drilling fees on Public Lands

Latest, Natural Gas, Oil, US News / By

Fossil fuel groups have sued the U.S. Bureau of Land Management seeking to block a rule that will raise fees for oil and gas development on federal lands as a part of the U.S. government’s broader effort to boost returns and address environmental harms stemming from drilling on public lands. The Western Energy Alliance, a …

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Lacking Shale Investment a Huge Obstacle, Major Investor Says

Conventional Energy, Energy Topics & Technology, Latest, Oil, Shale, US News / By

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 …

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Tesla Board Rallies Retail Investors to Vote for Musk’s US$56 Billion Pay Package

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

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 …

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U.S. Energy Sector Consolidation Extends into 2024

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

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 …

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Chevron Prepares for North Sea Exit After More Than 55 Years

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

(Reuters) – Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant’s exit from the ageing basin after more than 55 years. The planned divestment, confirmed to Reuters on Thursday, comes as Chevron prepares for the $53 …

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