Americas News

MUFG Americas CEO: AI data centres will boost renewable energy demand, even under Trump

Mitsubishi UFJ Financial Group, the largest Japanese banking group, has said that the U.S.'s shift to renewable energy will continue under Donald Trump. Kevin Cronin, chief executive officer of MUFG Americas…

Shell's former US offshore wind leader Orsted replaces Shell's executive

Amanda Dasch, Shell's director of renewables for the Americas, will join Danish offshore wind company Orsted as its head of U.S. operations in January. Shell has announced that it will stop investing in new…

Change of Ørsted Region Americas CEO

Ørsted announced today that David Hardy, Group EVP and CEO Americas, has decided to leave the company to join GE Vernova as Chief Commercial Officer, Wind. He will step down from his position effective November…

Fugro is confident that it will achieve its revenue growth target of 2024 as the wind and LNG markets stabilize.

The CEO of Dutch geological data specialist Fugro said that the company is confident in meeting its target of mid-single-digit revenue growth for full-year, as it anticipates the wind energy and LNG market to stabilize after next week's U.S. elections.

Linde is optimistic about clean energy projects despite reducing its full-year outlook

Linde, world's biggest industrial gas company, announced on Thursday that it is confident in its clean energy projects, despite reducing its full-year outlook due to a decline in the end markets, including mining, metals, and healthcare.

After Nevada lithium deal GM looks for other sources of minerals to supply EVs

General Motors plans to increase its North American investment in lithium and other minerals that are used in the production of electric vehicles, after increasing its investment to almost $1 billion in a Nevada mining operation earlier this week.

Macquarie will take a minority stake in D.E. Shaw's green power arm could be worth up to $1.73 billion

Macquarie Group’s asset management division has acquired a minority stake of the green energy arm of U.S.-based investor D.E. The Australian company announced on Tuesday that it would invest up to $1.73 billion in equity into D.E.

Analysts say that Colombia must develop a natgas plan soon to prevent blackouts.

If it wants to prevent power blackouts in Colombia, the head of Wood Mackenzie’s Americas Gas and LNG division said that Colombia needs to decide quickly whether it will focus on LNG imports or promote domestic production of natural gas.

US mineral projects close down government loans in fear of Trump

U.S. battery and miner recyclers have been rushing to close billions-dollar government loans before January, out of fear that the former president Donald Trump, if elected, would block funding necessary to…

Gran Tierra Energy, a Canadian company, offers $226 million to buy UK-based i3 Energy.

The shares of i3 Energy jumped up to 33.7% in the morning on Tuesday after Canada's Gran Tierra Energy made an offer to purchase the British oil producer for 174.1 million pounds (226.23 millions). The implied…

Chevron achieves industry-first in ultra-high-pressure oil field

Chevron announced on Monday that it had achieved a breakthrough in technology by producing the first oil under extreme pressures from a U.S. Gulf of Mexico Field. The $5.7 billion project called Anchor ushers…

Solar, Wind Uptake to Reach 5.4 TWac from 2024 to 2033, Says Wood Mackenzie

Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than…

Red Sea Route Diversions Prop Up Tanker Demand

Large scale route diversions as a consequence of the Red Sea/Suez Canal crisis have seen deadweight demand for crude and product tankers increase by 5.5% and 4.5% respectively in 2024.In its Q2 2024 report…

X-Press Feeders to Use Green Methanol in Q2 2024

Singapore-based container shipper X-Press Feeders plans to use green methanol bunker to fuel part of its fleet in Europe in the second quarter of 2024, a senior executive said on Tuesday.The move comes as…

Corvus Energy to open new Battery Factory in the U.S.

As the maritime industry increasingly moves towards propulsion solutions that help cut emissions, battery technology is increasingly taking center stage on a number of ship, boat and offshore energy installations.

“30 by '30” Target has Put U.S. Offshore Wind on the Map, Says DNV’s Galinski

Robert Galinski, Offshore Wind Director, Americas, DNV breaks down the potential for the U.S. Offshore Wind in the run up to 2030.Watch this short video interview with Robert Galinksi’s discussing the overall…

Offshore Wind Market Set to Accelerate in North America

While many challenges remain to deliver the full promise of U.S. offshore wind, so too do opportunities. Robert Galinski, DNV’s Offshore Wind Director, Americas discusses the pace and direction of the U.S.

Crowley Commits to Net-zero GHG Emissions by 2050

As the maritime industry collectively struggles to chart the course toward decarbonization, Crowley today committed to net-zero greenhouse gas emissions across all scopes by 2050, pursuing a path aligned with…

Denmark's Vestas Breaks Wind Turbine Installation Record, Woodmac Says

Danish wind farm turbine builder Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.The Danish…

Equinor Suspends 2020 Production Guidance

Equinor has suspended its 2020 oil and gas output guidance amid government-imposed curtailments and a glut of supply, and could take further action to scale back activity this year, the Norwegian energy firm…