Eversource to Sell Sunrise Wind Stake to Ørsted
Eversource Energy said it will provide service to Ørsted and remain contracted to lead the onshore construction of Sunrise following the closing of the transaction.
Shipping Industry Urges UN to Protect Vessels After Iran Seizure
Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East.
Paisie: Crude Prices Rising Faster Than Expected
Supply cuts by OPEC+, tensions in Ukraine and Gaza drive the increases.
Shell’s Value Gap is More Strategy Than Geography
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Yawen Chen (Reuters Breakingviews) – It is generally a good thing when a chief executive worries about his company’s share price. The danger is seeking superficial fixes. Ever since Shell CEO Wael Sawan took charge last year, he has made it his …
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Iran Oil Sanctions in U.S. Aid Package for Ukraine
U.S. lawmakers have tucked sanctions on Iran’s oil exports in the House of Representatives’ aid package for Ukraine, Israel and the Indo-Pacific after Tehran’s missile and drone strike on Israel last weekend. If passed through both the House and Senate and signed by President Joe Biden and then implemented and enforced, the measures could eventually …
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New York’s First Electric Skyscraper Promises Luxury With Lower Emissions
An apartment tower in downtown Brooklyn has ditched fossil fuel heating and appliances as new city rules on energy efficiency are phased in. By Kendra Pierre-Louis In a city that often feels stitched together by scaffolding, the development known as the Alloy Block — on a bustling street in downtown Brooklyn, across from the red-and-silver sign …
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U.S. EPA to Announce Temporary Expanded Sales of Higher-Ethanol Gasoline Blend
(Reuters) – The U.S. Environmental Protection Agency will announce by Friday plans to temporarily expand sales of higher-ethanol blends of gasoline this summer, a win for the corn ethanol industry that will likely see demand increase, three sources familiar with the matter said. The measure would lengthen the period during which Americans can keep buying …
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Oilfield Firm SLB’s Profit Rises on International Drilling Demand
(Reuters) – Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, in line with analysts’ estimates, as strong oil and gas drilling demand in the Middle East and Africa helped offset weakness in North America activity. The company, which also reaffirmed its previous guidance of mid-teens profit growth for the full …
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Oil Slips Despite Reported Israeli Attack on Iran
(Reuters) – Oil slipped on Friday after prices spiked earlier on reports that Israel had attacked Iran as market fears of a major escalation to hostilities in the Mideast appeared to ease. After the benchmark contracts jumped more than $3 in the session, Brent futures were down 46 cents, or 0.5%, at $86.65 a barrel …
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Goldman Sachs Hikes Brent crude Forecasts for 2024 and 2025
Goldman Sachs on Thursday raised its Brent crude oil price forecasts, projecting $86 a barrel for the second half of 2024, up from $85 previously, and $82 for 2025, up from $80.It said prices were likely to stay at the higher end of its forecast range, citing disappointing U.S. supply and a likely sticky geopolitical …
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