In this article RWE-DE An excavator photographed at a lignite mine operated by RWE on April 8, 2022. RWE says it wants to be carbon neutral by 2040. Alex Kraus | Bloomberg | Getty Images The chief financial officer of German energy firm RWE told CNBC Thursday that it will burn more coal in the
A global provider of engineering and construction solutions to the energy industry McDermott International has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project. The new contract is in addition to the awards received by McDermott this year for the NFS Jackets
By William Johnson Posted on August 12, 2022 After announcing a series of price hikes for the Ford F-150 Lightning lineup, Ford CEO Jim Farley has responded to concerns. According to CNBC, Jim Farley has responded to criticism of price hikes that apply to the in-demand Ford F-150 Lightning. The vehicle’s price hike, raising as
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. This week’s market action reaffirmed oil as our hedge Quick mentions: AAPL, QCOM, JNJ, DHR We want an update on Cisco’s supply chain issues 1. This week’s market action reaffirmed
Blackouts are growing more frequent in the United States. The average American experienced just over eight hours of power outages in 2020, with overall duration of power interruptions in the U.S. more than doubling since 2015, according to the U.S. Department of Energy. “This is not because the grid has changed, but because there is
The American Petroleum Institute (API) has joined with nearly 60 other trade groups representing America’s natural gas and oil industry in opposing the Inflation Reduction Act (IRA) as passed by the Senate. In a letter to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, the organizations outlined problematic provisions, including punitive new taxes and
By William Johnson Posted on August 11, 2022 Aptera offered its first hands-on look at the Gamma solar-powered vehicle today, which is as crazy looking as it is efficient, thanks to a world-class drag co-efficient and incredibly sleek design. The Fully Charged Show was given access to what Aptera called the “Alpha prototype” of their
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Gas prices are below $4 for the first time since March, but the market remains precarious and experts said it’s too early to know if the move lower will hold. The national average for
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The national average for a gallon of gas dropped below $4 on Thursday for the first time since March, in an ongoing sign that inflationary pressures for consumers are easing. The price for a
Crown Estate Scotland – the body which manages seabed leasing for offshore renewables – has opened a pioneering offshore wind licensing round which will help reduce emissions from offshore oil and gas infrastructure. The Innovation and Targeted Oil and Gas (INTOG) leasing process will help meet the emissions reduction targets agreed upon last year between
By Joey Klender Posted on August 10, 2022 Tesla’s Full Self-Driving suite faces yet another critic in Ralph Nader, an Independent political activist who ran for President on four occasions. Nader released a statement on Wednesday, calling for federal regulators to “act immediately to prevent the growing deaths and injuries from Tesla manslaughtering crashes with
Mining the Worlds Second-most-valuable Cryptocurrency at Evobits I.T SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg via Getty Images Photographer: Akos
Dan Kitwood | Getty Images A major way criminals in the crypto world launder money is by sending digital assets across blockchains, bypassing a centralized service that can trace and freeze transactions. They use so-called cross-chain bridges to make it happen, and the dollar amounts are getting large. One particular cross-chain bridge called RenBridge has
Offshore driller Noble Corporation has noted that its floater fleet was 100 percent contracted in the second quarter of 2022, with positive momentum set to continue. Noble stated that the Noble Faye Kozack rig was awarded a one-well contract with LLOG for work in the U.S. Gulf of Mexico at a rate of $420,000 per
By Simon Alvarez Posted on August 9, 2022 General Motors has initiated a voluntary recall of sorts for its Hummer EV over a potential battery connector issue on the vehicle. Considering that GM is essentially recalling the vehicle without getting the National Highway Traffic Safety Administration (NHTSA), however, the veteran automaker is calling the initiative
Wing Bikes has now launched and begun deliveries of its latest electric bike model, the Freedom ST. As a step-through e-bike, the Freedom ST is designed to offer similar performance to what we’ve come to know from Wing Bikes, yet with a much more accessible frame design. These step-through frame designs have become quite popular
In this article VYGVQ Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX into a top site used
Buildings in Singapore at dusk. Asia is already home to a number of tidal power projects. Guvendemir | E+ | Getty Images Japanese shipping giant Nippon Yusen Kaisha is to take part in a tidal power project planned for Singapore, as the emerging marine energy sector gains traction. The demonstration project, run by Singapore-owned Bluenergy
Crude prices are tumbling on recession fears, but one analyst remains bullish on oil stocks, saying a downturn is unlikely to dampen demand too much. Dan Pickering, chief investment officer at Pickering Energy Partners, said that some energy sectors had reported strong second-quarter earnings, such as refiners, exploration and production companies, and oilfield services. The
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