Renewable Energy Sector Stays Positive Despite Trump’s Policy Outlook
Amid the incoming Trump administration's policy outlook, the renewable energy sector remains optimistic that the renewable companies would not be killed.
Energy
UK Government Abandons Hydrogen Town Pilot Amid Heating Decarbonization Efforts
The UK government canceled a crucial hydrogen town pilot, which damaged plans for hydrogen heating systems and raised questions about decarbonization strategies.
Enerplus Misses Q1 2024 Profit Targets While Processing Acquisition by Chord
Canadian oil and energy company Enerplus reported an 18.6% revenue loss for its Q1 2024 report compared to figures at the same period last year...
Shell to Sell Oil Refineries and Chemical Assets in Singapore for Less Than $1 Billion
Shell's Singapore oil refinery and chemical assets will be sold to a Glencore-led joint venture with a purchase sale of below $1 billion, following agreements in place for continued collaboration and ..
Global Fuel Consumption Might Drop in 2024, Experts Say
Global gasoline demand growth may half in 2024 due to a return to normal consumption after COVID-19 and a shift to electric cars in China and the US...
Former SpaceX Engineer to Build Space-Based Solar Power to Provide 'Infinite Energy' for Earth
Virtus Solis, led by former SpaceX engineer John Bucknell, aims to use...
Potential Gas Price Change Anticipated Following Chevron and Exxon Mobil Q1 Profits Dip
Chevron (CVX) and Exxon Mobil (XOM) reported a decline in first-quarte...
Latest News
Scotland transportation on trains.
The Scotland Transportation is now planning to have a public sector train for the place and could happen in 2020.
AIMCo.Pushes Through Journey Energy Inc. Investment
AimCo's CEO is pleased to announce their partnership with Journey Energy Inc. Journey released 4.95 million investment. AimCo was so happy that it has victoriously enterted a strategic financing firm
The U.S. Justice Department Sued ValueAct for Violating Disclosure Rule
Department of Justice filed lawsuit against ValueAct Capital last week, related to Halliburton and Baker Hughes merger. Meanwhile, ValueAct on Monday claimed no wrongdoing and will defend its position
Chinese trade data fuels global stock markets profit
Stocks in the US had a higher opening on Wall Street on the optimistic thought of additional Chinese economic incentive. Global stocks improved after a series of decline in a year, helped by Chinese t
Peabody Officially Files for Bankruptcy Protection
Peabody just filed for bankruptcy protection on Wednesday after it announced its situation the previous weeks. Assets in Mexico and Colorado will no longer be sold as buyer was not able to complete th
Energy stocks propels Wall Street profits following oil price rally
Wall Street ended higher on Tuesday trading session as energy stocks rallied helped by increasing crude prices. The US crude prices reached its new height in 2016.
EU Resumed Investigation on Halliburton and Baker Hughes Deal
European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.
Fitch Degraded Saudi Arabia From AA to AA-
Saudi Arabia just got a negative rating from Fitch, from AA to AA-. The downgrade is due to the oil-rich kingdom's decision to slash its average oil price assumptions from $35 to $45 a barrel for 2016
