Here are some of Rigzone’s top stories during the last week, just in case you missed them… Shell and Chevron Sanction GOM Deepwater Project Shell reported the final investment decision for Whale, a deepwater U.S. Gulf of Mexico (GOM) development. Shell Offshore Inc, which will operate Whale, holds a 60 percent interest in the project,
Month: July 2021
I recently wrote about a senseless law in Tyler, Texas, that banned residents from getting solar if the panels were visible to the public. Well, we have great news! That law has been changed. The Tyler Morning Telegraph reported on July 28 that the City of Tyler removed its restriction on solar panel installations. The city
The push for a four-day workweek has gained traction during the coronavirus pandemic, even grabbing the attention of Congress, but a shorter workweek may be difficult to implement on Wall Street. The finance sector has “always been a culture of heavy hours and working a lot,” said Jason Snipe, founder and CIO of Odyssey Capital
By Joey Klender Posted on July 30, 2021 Tesla’s war with laws that prohibit the direct sale of cars to consumers continues to wage on, but the automaker is making progress across the United States. The Virginia Department of Motor Vehicles has approved Tesla to sell its cars and will open three new locations in
In this article SRG-IT ENEL-IT The CEO of Italian infrastructure giant Snam on Friday outlined a vision for the future of hydrogen, saying the “beauty” of it was that it could be easily stored and transported. Speaking to CNBC’s “Squawk Box Europe,” Marco Alverà spoke about how current systems would be used to facilitate the
Oil posted its fourth straight monthly gain as steady demand and tight supplies calmed concerns that a new wave of Covid-19 infections would cripple energy consumption. Futures in New York ended the week 2.6% higher. While cases of the virus’s delta variant have surged in recent weeks, mobility and other data point to strong demand
When CEO Elon Musk reflects on the last decade, he grounds himself in Tesla company goals that were designed to spur the world’s transition to clean energy. Today, he is practical yet optimistic — he sees a future in which energy production moves from reliance on fossil fuels to pragmatic sustainable energy generation. A pervasive
Infrastructure stocks took off late this week as a bill backed by President Joe Biden cleared another key hurdle. Late Wednesday, the Senate voted to advance the infrastructure bill, which includes $550 billion in new spending for such projects as moving the country to clean energy reliance, building roads and rails and expanding internet access.
By Maria Merano Posted on July 29, 2021 Rivian’s Amazon delivery van was spotted in Michigan, adding Detroit to one of the few cities the electric vehicle has been sighted and is undergoing testing. A Rivian engineer accompanied the Amazon driver behind the wheel of the electric delivery van. The engineer told Automotive News that
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In this article COST-GB This photo, from 2019, shows a Scania cargo e-truck being powered by overhead electrical power lines on the A5 autobahn in Germany. Alex Kraus | Bloomberg | Getty Images The U.K.’s Department of Transport has commissioned a consortium to look into the viability of using overhead wires to power long-distance trucks.
Oil rose the most in a week as investors see strong demand growth that should continue to whittle down oil supplies following positive signals from broader markets. Futures in New York rose 1.7% on Thursday as equities climbed toward all-time highs. While U.S. gross domestic product growth missed forecasts in the second quarter, household spending
Last quarter, Tesla installed 85 megawatts (MW) of rooftop solar power across the United States. That’s up from a mere 26 MW in Q2 2020. Of course, Q2 2020 was plagued by the covid-19 pandemic and ensuing lockdowns. (Bad pun somewhat intended.) Nonetheless, a more than tripling of solar power installations is a big step
A Shell logo seen at a petrol station in London. A court in The Hague has ordered oil giant Shell to reduce its carbon emissions by 45% compared to 2019 levels by 2030, in what is widely seen as a landmark case. SOPA Images | LightRocket | Getty Images LONDON — Oil giant Royal Dutch
Two workers stand before the backdrop of an oil pump, while silhouetted against the sunset. David Jones | Getty Images Barclays analysts have picked European energy stocks they believe are set to benefit from an “accelerated plan” to reduce carbon emissions in the region, and said investors can realize their investment potential “today.”
By Maria Merano Posted on July 28, 2021 Tesla’s upcoming AI day would be held this coming August 19, 2021. The announcement was shared by Tesla CEO Elon Musk in a recent post on Twitter. Musk did not share details about the upcoming event, though previous tweets about Tesla’s AI Day suggest that the company
A tidal turbine weighing 680 metric tons and dubbed “the world’s most powerful” has started grid-connected power generation at the European Marine Energy Centre in Orkney, an archipelago located north of mainland Scotland. The news marks another major step forward for the U.K.’s nascent marine energy sector. In an announcement Wednesday, Scottish engineering firm Orbital
Oil advanced to the highest level in two weeks after declining stockpiles of U.S. crude, gasoline and distillate signaled healthy demand during the nation’s summer driving season. Futures rose 1% in New York on Wednesday. A U.S. government report showed crude supplies slid to the lowest since January 2020 and distillate stockpiles posted the biggest
Wednesday, July 28, 2021 – PV Passage is here with the goal to disrupt the solar industry. They are paving the way for smaller suppliers to compete against large-scale, corporate retailers. Built from a team of industry professionals, each member has over 14 years of experience in the solar market. Lived experience from the days
In this article SGRE-ES Chris Ratcliffe | Bloomberg | Getty Images Low-carbon hydrogen isn’t “cost competitive with other energy supplies in most applications and locations” and the situation is unlikely to change unless there’s “significant support to bridge the price gap,” according to the World Energy Council. Published Tuesday, the analysis – which was put
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