Oil tanks at an oil processing facility of Saudi Aramco, a Saudi Arabian state-owned oil and gas company, at the Abqaiq oil field. Stanislav Krasilnikov | TASS via Getty Images The chief executive of the world’s biggest oil company on Wednesday said he believes the firm will still be able to meet dividend payout expectations
Month: March 2021
Zach is tryin’ to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine,
In this article VOW3-DE Ashlee Espinal | CNBC German automaker Volkswagen will not be changing the name of its U.S. operations to Voltswagen of America after all. The news, which appeared to leak out on its U.S. media site Monday and was formally announced in a press release Tuesday, was part of an elaborate April
(Bloomberg) — Oil snapped a two-day streak of gains alongside a strengthening dollar as near-term risks to the demand recovery emerged ahead of a OPEC+ meeting this week to decide on output policy. Futures in New York fell 1.6% Tuesday to below $61 a barrel. An OPEC+ technical panel agreed to revise down the group’s oil-demand estimates
By Maria Merano Posted on March 30, 2021 Morgan Stanley forecasted that Tesla would produce just under 100,000 Cybertrucks by FY 2025 in a report about 6 key considerations that mattered to the EV startup. “We forecast 1,000 units of Cybertruck in FY21, ramping to 20k in FY22, 50k in FY23 and just under 100k
The “long-term” partnership announced today is between Volvo Autonomous Solutions and self-driving startup Aurora. The two plan to jointly develop globally-leading autonomous transport solutions at scale, beginning with North America. The partnership announced in a press release today is said to span several years, with the goal of combining technologies to develop and deploy on-highway
Welders work on the Strategic Petroleum Reserve pipeline on June 1, 1980, in West Hackberry, Louisianna. Begun under President Ford to reduce the threat of oil embargoes, the SPR crude oil is stored in huge underground salt caverns along the Gulf of Mexico, a natural choice due to the proximity of many refineries and distribution
To further protect the interest of domestic module manufacturing companies, the Indian government has imposed fresh import duties on solar cells and modules. The Minister of New and Renewable Energy recently announced the imposition of a basic customs duty on solar cells and modules. Solar cells imported into India will attract a 20% duty while
In this article BLK A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters Governments should be leading the global economy’s sustainable transformation, not markets, according to author and economist Ann Pettifor. Pettifor, author of “The Case for the Green New Deal,” told CNBC on Friday that a reliance
(Bloomberg) — Oil climbed to the highest in almost two weeks as traders looked ahead to this week’s OPEC+ meeting with speculation that renewed demand concerns will spur the group to keep production in check. Futures rose nearly 1% in New York, notching a second straight daily gain. Worries over the near-term recovery in demand,
By Joey Klender Posted on March 29, 2021 Volkswagen has accidentally revealed its plans to change its United States operations to “Voltswagen,” a play on words to its electric vehicle push globally. A leaked press release, that has now been deleted, showed there would be several changes, even though they were set to be announced
President Joe Biden delivers remarks on tackling climate change prior to signing executive actions as White House climate envoy John Kerry and Vice President Kamala Harris listen in the State Dining Room at the White House in Washington, U.S., January 27, 2021. Kevin Lemarque | Reuters President Joe Biden this week is set to unveil details of
Asambe, an all-electric transportation and end-to-end logistics service, is scaling up operations building on its initial pilot and several partnerships for delivery services. Asambe already has 3rd party last-mile delivery agreements with: FedEx, Zimbabwe (parcel deliveries) Baines Avenue Pharmacy, Zimbabwe (medical supplies) Munch, Zimbabwe (food delivery) UberEats, South Africa (food delivery) Asambe is actively seeking
Vessel ELENI M is seen after passing through the Suez Canal in Ismailia, Egypt March 24, 2021. Amr Abdallah Dalsh | Reuters The disruption caused by the grounding of a large container ship in Egypt’s Suez Canal — halting marine traffic through one of the busiest and most important waterways in the world — is
Articles about solar power and a pair of LNG projects on two different continents ranked among the more popular articles last week among Rigzone’s downstream audience. Read on for details. How Much Solar PV Is Needed for Net Zero Target? For the United States to meet its target of emitting zero net carbon dioxide emissions
By Eric Ralph Posted on March 28, 2021 CEO Elon Musk says that SpaceX has delayed Starship serial number 11’s (SN11) high-altitude launch debut from Friday to Monday to best ensure that the company can “land & fully recover” the 50-meter-tall steel rocket. First and foremost, the weekend will allow SpaceX times time for “additional
Someone just paid $2.5 million for the very first new GMC Hummer EV electric pickup truck to be produced later this year. It was for a good cause. In October of last year, GM officially launched its GMC Hummer EV, an all-electric “supertruck” with up to 350 miles of range and a starting price of $80,000.
piola666 | E+ | Getty Images Some £7.5 million ($10.33 million) of public funding will be used to support the development of eight wave energy projects led by U.K. universities, including one inspired by marine life, in a bid to boost the sector’s efficiency and resilience over the coming years. The money will come from
The US Department of Energy has announced a plan to cut utility-scale solar prices by 60% by 2030 or so. “In many parts of the country, solar is already cheaper than coal and other fossil fuels, and with more innovation we can cut the cost again by more than half within the decade,” Energy Secretary
The Taiwan-owned MV ‘Ever Given’ (Evergreen) container ship, a 400-metre- (1,300-foot-)long and 59-metre wide vessel, is lodged sideways and impeding all traffic across the waterway of Egypt’s Suez Canal, on March 27, 2021. AHMAD HASSAN | AFP | Getty Images The owners of the massive ship blocking the Suez Canal aim to refloat the vessel
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