Tuesday, November 5, 2024

Microsoft News

Wall St. ends lower than expected as Meta and Microsoft highlight AI costs

The major U.S. indexes ended lower on Thursday, after Microsoft and Meta Platforms pointed out that artificial intelligence costs could impact their earnings. This dampened the enthusiasm for megacaps which have been driving this year's market rally. Microsoft and Meta Platforms…

Futures on the TSX fall before domestic GDP data

The futures linked to Canada's main index of stocks fell on Thursday, as disappointing earnings from U.S. technology giants dampened the market sentiment ahead of important domestic GDP and U.S. Economic data that will be released later in the day. At 6:00 a.m., December futures for the S&P/TSX Index were down by 0.3%.

Canadian rare earth recycling company Cyclic Materials raised $50 million from BMWi and Hitachi Ventures

Cyclic Materials is a recycler critical metals like rare earths that are used in the manufacture of magnets for wind turbines and electric vehicles. It has raised 53 millions U.S. Dollars from investors such as BMWi. The Canadian startup is pursuing global expansion plans despite a slowdown of electric vehicle sales.

Drax will invest up to $12 billion in US biofuel power plants

© apopium / Adobe Stock

Drax, a British power generator, said that it could invest up $12.5 billion in developing biomass plants with Carbon Capture and Storage (BECCS), in the United States within the next decade.Drax, the company that generates around 6 percent of Britain's electric power…

Occidental's 1PointFive receives funding up to $500 mln by US DOE

Occidental Petroleum’s carbon capture unit 1PointFive announced on Thursday that the U.S. Department of Energy’s Office of Clean Energy Demonstrations had committed up to 500 million dollars to support the development of the South Texas Direct Air Capture Hub (DAC).

Wall St Week- US stock rally expands as investors wait for Fed

Investors worried about technology stocks can take heart from the broadening rally of U.S. shares. The markets are awaiting key job data and Federal Reserve rate cuts expected in September. Investors are putting their money into less popular value stocks and smaller companies…

Digitalization is Drawing CCS a New Learning Curve

SLB and Microsoft have partnered with Northern Lights on a data platform that will serve as the digital infrastructure for the Northern Lights project.
Image courtesy of SLB

Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history.Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood. A lack of suitable multiphase…

Chevron, Microsoft, Schlumberger to Build Carbon Capture Plant in California

Image by Olivier Le Moal/AdobeStock

Chevron Corp is partnering with Microsoft Corp, oilfield services firm Schlumberger and privately held Clean Energy Systems to build a carbon capture plant in California, as the U.S. oil major expands investments in renewable technology.Fossil fuel companies have faced increased pressure in recent years to reduce emissions…

Digitalization: Trust - The Keystone for Digital Transformation

© peshkova/AdobeStock

The slowdown of the world economy and plummeting energy consumption have eclipsed most other industry news. Oil exporting countries are coming to terms with limiting production to sustain reasonable prices, and operators are looking for ways to improve efficiency.

Oil Giants Set Health Checks, Work-from-home Rules

© denisismagilov / Adobe Stock

Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits.BP, Exxon Mobil, Kinder Morgan…

Partners Bring AI to Energy

© xmentoys / Adobe Stock

Baker Hughes, C3.ai, and Microsoft Corp. announced an alliance to bring enterprise artificial intelligence (AI) solutions to the energy industry on the Microsoft Azure cloud computing platform.This alliance will enable customers to streamline the adoption of scalable AI solutions for the energy industry that help promote safety…

Investors Still Unclear on Saudi Aramco IPO Value

AdobeStock / © Redindie

Saudi Aramco's blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion.The state oil giant, the world's most profitable company…

Saudi Aramco Kick-starts IPO

(Photo: Saudi Aramco)

Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil.But in its long-awaited announcement…

Digitalization: Oil Industry Could Save up to $100Bln

The global oil and gas industry can save as much as $100 billion through automation and digitalization in the 2020s, energy research firm Rystad Energy said."As much as $100 billion can be eliminated from E&P upstream budgets through automation and digitalization initiatives in the 2020s.

Microsoft, Eneco Sign Energy Pact

Microsoft will purchase 90 MW from the massive 731.5 MW offshore wind project, Borssele III/IV, from Dutch sustainable energy company and wind farm developer Eneco.Eneco will provide Microsoft’s datacenters with green power for 15 years starting in 2022, said a press…

Exxon, Microsoft Ink Cloud Computing Deal for U.S. Shale

File Image: AdobeStock / © Shamtor

Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer's shale operations, they said on Friday, helping to boost profitability in the nation's largest shale field.The companies will collect data from Exxon's wells and other…

Google to Tap the Power of Offshore Wind

Google invests $700 mln in Danish data center, secures green energyGoogle will invest almost $700 million in a Danish data centre, the latest investment in the Nordic region which is known for its abundant renewable energy.Google said it would match the new centre's…

Planning a Wind Farm in Norway? Connecting to Grid from 2019 May Cost You

Grid investments of $17 billion are planned by 2025; big power consumers and producers may need to contribute. A Norwegian plan to force big power consumers and producers to pay for grid upgrades and extensions could disrupt new projects from wind farms and data centres to ventures in the oil industry, companies told Reuters.

​​​​Google Buys into New Finnish Wind Energy in Renewables Search

© W.Scott McGill/ Adobe Stock

Google said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centers.Big companies have rushed to secure cheap renewable energy to manage costs and reduce their carbon footprint through so-called corporate power purchase agreements

Oil Higher as Stocks Rebound, Saudi Signals Intervention

File Image / Adobestock / © Kasto

Crude stockpiles rising at U.S. futures delivery point; Saudi Arabia says oil market could shift to oversupply in Q4.Oil prices rose 1 percent on Thursday, following the U.S. stock market higher a day after Wall Street's biggest drop since 2011 and as Saudi Arabia's…