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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
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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
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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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Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical “inflection point.” The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see hotter-than-expected inflation and the Covid-19 delta variant as glaring issues, he’s also worried about uncertainty surrounding monetary and fiscal
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(Bloomberg) — Oil dipped as investors eyed the spreading delta variant’s impact on demand while cases surge. Futures in New York fell 0.2% on Monday after rallying the previous four sessions. Global cases of Covid-19 have increased the most in two months with infections surging in the U.S., Brazil, India, Indonesia and the U.K. Countries with lower
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An employee with Ipsun Solar installs solar panels on the roof of the Peace Lutheran Church in Alexandria, Virginia on May 17, 2021. Andrew Caballero-Reynolds | AFP | Getty Images Ramping up investment in policies and technologies to tackle climate change could play a significant role in the global economy’s recovery from the coronavirus pandemic.
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Rigzone’s downstream readers showed much interest last week in new carbon capture and storage (CCS) developments from a pair of major oil and gas players. Read on to learn more in this review of some of the most popular recent downstream-related articles on Rigzone. Chevron Faces Carbon Capture Setback Chevron Corp. (NYSE: CVX) has revealed
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