Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. Saudi Press Agency | Reuters OPEC heads into Thursday’s meeting with Russia and other allies with
Month: June 2021
Following the release of the groundbreaking Los Angeles 100% Renewable Energy Study (LA100), the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) will again team up with the Los Angeles Department of Water and Power (LADWP) on a comprehensive, community-driven effort to achieve a just and equitable 100% carbon-free future for all communities in
(Bloomberg) — Oil closed higher with OPEC+ ministers divided ahead of a key meeting later this week on production policy. Futures in New York managed to eke out a small advance after switching between gains and losses on Tuesday. While OPEC+ members such as Russia have considered backing an increase in output, Saudi Arabia has
In this article IVZ It’s not too late to buy oil and gas stocks, one chart analyst says. Though the Energy Select Sector SPDR Fund (XLE) and Invesco Solar ETF (TAN) climbed nearly 6% and 4% last week, respectively, traditional energy names likely have more runway as oil prices hover near three-year highs, Piper Sandler’s
By Simon Alvarez Posted on June 29, 2021 Tesla recently achieved a small victory for Gigafactory Berlin after a court in Germany rejected an injunction filed by two environmental groups against the facility. The groups, the Green League and Nature Conservation Association, were against the release of Giga Berlin’s 15th provisional permit, which would allow
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An artist rendering of Oklo’s Aurora powerhouse Image credit: Gensler The face of nuclear energy is changing, and one of the companies working to redefine what nuclear energy looks like is Oklo. The 22-person Silicon Valley start-up has a plan build mini nuclear reactors, powered from the waste of conventional nuclear reactors and housed in
Originally published on RMI.org.By Christian Roselund People pay a lot of attention when the power goes out, but we tend to not notice when the grid remains stable — even under trying conditions. On June 17 and 18, record heat in California led the state’s grid operator to call on residents to reduce electricity usage through issuing
Dry cracked earth is visible along the banks of Phoenix Lake on April 21, 2021 in Ross, California. Justin Sullivan | Getty Images LONDON — Major companies from across a range of sectors are increasingly concerned about the cost and availability of the world’s ultimate renewable resource: water. The availability and relatively low cost of
(Bloomberg) — Oil fell the most in a week with the market expecting OPEC+ producers to increase supply at an upcoming meeting at a time when the delta variant is threatening to slow a recovery in demand. Futures in New York closed 1.5% lower. The Organization of Petroleum Exporting Countries and its allies will meet
Saudi Arabia’s oil giant Aramco is stepping up efforts to promote initiatives in hydrogen technology and investments to reduce carbon emissions, after a harrowing investor smackdown for Big Oil. “Hydrogen is real,” Aramco Chief Technology Officer Ahmad Al Khowaiter told CNBC in an interview Sunday, after a day of presentations from Aramco executives and industry
By Eric Ralph Posted on June 28, 2021 For the second time in a month, SpaceX has shipped a heavily flown Falcon 9 booster from Cape Canaveral, Florida to its West Coast launch facilities. Falcon 9 booster B1051’s June 24th arrival at Vandenberg Air/Space Force Base (VAFB) is perhaps the best sign yet that SpaceX
In this article VOW3-DE CAP-FR SU-FR RNO-FR An electric car from Renault being charged in Berlin, Germany, on April 10, 2020. Annette Riedl | picture alliance | Getty Images Renault announced Monday it had signed “two major partnerships” related to the design and production of electric vehicle batteries, becoming the latest automotive firm attempting to get
Article courtesy of NASA. NASA astronaut Shane Kimbrough and ESA (European Space Agency) astronaut Thomas Pesquet concluded their spacewalk at 2:37 p.m. EDT [on June 25], after 6 hours and 45 minutes. In the ninth spacewalk of the year outside the International Space Station, the two astronauts installed and deployed a new ISS Roll-Out Solar Array (iROSA) on the
Wilmington Trust’s Meghan Shue is opening her playbook for the year’s second half — which starts Thursday. Her strategy includes an overexposure to cyclicals, and she favors financials, energy, commodities, materials and industrials. “We see the economic recovery continuing and being a tailwind for stocks,” the firm’s head of investment strategy told CNBC’s “Trading Nation”
Based on page views, Rigzone’s downstream readers showed particularly strong interest last week in a report about pending workforce reductions. Keep reading to learn more about the anticipated job cuts, along with other popular recent downstream-related articles on Rigzone. Exxon Prepares to Cull White Collar USA Jobs Exxon Mobil Corp. (NYSE: XOM) could reduce its U.S.
By Eric Ralph Posted on June 27, 2021 For the third time ever, one of SpaceX’s “autonomous spaceport drone ships” has successfully transited the Panama Canal on its way to a new home port. This time around, similar to drone ship Just Read The Instructions’ (JRTI) original 2015 journey from a Louisiana shipyard to Port
Hero Cycles has just delivered its first batch of Indian-produced electric bicycles to Germany. Now the company says to expect the figures to grow. Hero Cycles is a massive bicycle manufacturer owned by Hero Motors, the largest motorcycle manufacturer in the world. The Indian manufacturer’s electric bicycle division has now set its sights on Europe
British designer Thomas Heatherwick is designing Google’s new buildings in California and London. Getty In 2012, British designer Thomas Heatherwick found himself having dinner with Google co-founder Larry Page at the billionaire’s house in California. Page wanted to discuss the future of Google’s sprawling headquarters in Mountain View, as well as some of the company’s
Article courtesy of NREL, the U.S. Department of Energy. This year, the U.S. Department of Energy (DOE) funded 16 National Renewable Energy Laboratory (NREL) awards through its Technology Commercialization Fund (TCF). The $5 million funded by DOE — roughly a third of the available TCF budget allocated to the DOE Office of Energy Efficiency and Renewable
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