November 29th, 2020 by Michael Barnard First, a mea culpa. I got something wrong. A couple of weeks ago I published a piece which analyzed the amazing value that we could get if we simply replaced gas furnaces and air conditioning in the worst 10% of commercial buildings. I found that Canada could save “1.9
Month: November 2020
It is “striking” that Iraq has made strong negative comments about OPEC+ production quotas ahead of the alliance’s meeting this week, one oil watcher said. The group is expected to consider delaying its output increase, scheduled for January 2021, at its two-day meeting starting Monday. “A couple of weeks ago, we were all thinking this
(Bloomberg) — China’s third-biggest oil company faces a U.S. blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters. China National Offshore Oil Corp., the nation’s main deepwater explorer, is among four companies to be added to a list of firms
By Simon Alvarez Posted on November 30, 2020 Tesla China continues to blitz towards the impending ramp of the Model Y in Gigafactory Shanghai, with the EV maker securing the necessary permissions to start selling the all-electric crossover in the country. The approval was published by China’s Ministry of Industry and Information Technology on its
U.S. Big Oil majors are behind their European counterparts in carbon strategies, and the U.S. shale market will remain one of the key drilling regions globally. David McNew | Getty Images LONDON — Oil-producing group OPEC, and its allies, will likely delay an output hike at its meeting this week as it weighs positive vaccine
November 28th, 2020 by Jennifer Sensiba Tesla uses small solar panels for its Solar Roof system. Image by Chuck Field for CleanTechnica. Earlier this month, at a joint conference of two solar technology industry groups, the topic of solar panel size came up. Dennis She, SVP of LONGi Solar, gave an interesting presentation on the
Here are some of Rigzone’s top upstream stories during the last week, just in case you missed them… Seadrill Wins GOM Contracts Seadrill revealed that Walter Oil & Gas awarded the company one firm, plus one optional, well contract for the Sevan Louisiana semi-submersible rig in the U.S. Gulf of Mexico (GOM) and that Kosmos
By Simon Alvarez Posted on November 28, 2020 Tesla’s upcoming battery cell production facility in Germany, which will be built within the Gigafactory Berlin complex, will likely result in 10,000 more jobs in the state, according to estimates. This should help make Tesla’s presence in Germany even more attractive for job-seekers, especially considering that the
Gogoro has managed to scoop up another vehicle partnership that will see more electric scooters produced that will be powered by Gogoro’s swappable batteries. The latest line of electric scooters joining the network will be CMC eMOVING scooters. The “Powered by Gogoro Network” has now grown to include 5 of the 7 major scooter manufacturers
The Harley-Davidson LiveWire electric motorcycle doesn’t have big sales yet, but CEO Jochen Zeitz recently remarked during an earnings call, “It’s also attracting new riders, new customers to the brand that might not have considered Harley-Davidson before.” Source: Harley-Davidson Tesla reached a $500 billion market valuation this week, a sign of its dominance in the
November 27th, 2020 by World Resources Institute Originally published on WRI’s Resource Institute Blog.by Joel Jaeger Governments are in uncharted territory as they respond to the economic impacts of the coronavirus pandemic — but that doesn’t mean they can’t learn from the past. The most recent comparison is the global financial crisis that began in
(Bloomberg) — The indigenous group seeking to buy a stake in TC Energy Corp.’s Keystone XL oil pipeline expects to secure financing by the first quarter of next year. Natural Law Energy, which represents five indigenous communities in Alberta and Saskatchewan, is confident the funding will allow it to acquire as much as 12% of
By Simon Alvarez Posted on November 28, 2020 An emissions problem that seems worse than Dieselgate may be brewing in the United States, and it would likely take a perception shift to battle it well. As indicated by a new federal report from the Environmental Protection Agency’s Office of Civil Enforcement, over half a million
November 26th, 2020 by Tina Casey Green hydrogen is still clawing its way into the mainstream and here comes yet another powerful new decarbonization trend: green ammonia. If that’s news to you, join the club. Green ammonia was a big mystery just two years ago and now all of a sudden it’s the Next Big
A Surgutneftegas worker near pumpjacks in Surgut Region of the Khanty-Mansi Autonomous Area – Yugra, in the West Siberian petroleum basin. Alexei Andronov | TASS via Getty Images Denmark’s Saxo Bank believes the long-term outlook for oil and gas companies appears bleak, but that’s not to say there isn’t a strategy for investors to consider
(Bloomberg) — Saudi Arabia and Russia summoned OPEC+ ministers who oversee their oil production cuts for last-minute talks on Saturday, as the cartel prepares for a decision on whether to delay January’s output increase. A clear majority of OPEC+ watchers expect the group to maintain their supply curbs at current levels for a few months longer due
By Maria Merano Posted on November 26, 2020 Elon Musk will be awarded the Axel Springer Award for his astonishing life accomplishments. Tesla and SpaceX are just two of the companies Musk leads, but both have already made significant changes in their respective industries and in people’s way of living. Musk will be accepting the
The electric car market is about to be accessible to a lot more people as we now learn that Tesla and Volkswagen, the two market leaders for electric vehicles, have now both greenlighted electric car programs that are going to start at ~$25,000 to $30,000. In surveys about going electric, the price of new electric
From paintings and literature to music and film, the natural world is an inspiration to many. Its influence on architecture is also apparent, with a number of interesting developments now integrating plants and trees into their design. One example of this is the Bosco Verticale, or Vertical Forest, an Italian residential development of two visually
Offices of the Norwegian energy major Equinor photographed in February 2019. Equinor, alongside SSE, is part of a 50:50 joint venture to develop the Dogger Bank Wind Farm. Bloomberg | Bloomberg | Getty Images A major offshore wind farm, set to be the largest on the planet, took another leap forward Thursday with SSE Renewables
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