Tuesday, November 19, 2024

Systems News

TotalEnergies and BP, Equinor, and Shell each commit $500 mln for energy access

TotalEnergies BP Shell Equinor, oil and gas giants BP and Equinor, pledged to invest $500m on Friday in order to increase the availability of affordable energy,…

Germany mandates open market sales of new wind and solar plants

The German cabinet approved Wednesday plans that will require the majority of operators of new solar and wind power plants to independently sell their electricity on the open markets.

Chinese giant CATL expands beyond batteries to power grids and EV platforms

Robin Zeng is the billionaire founder and CEO of CATL. He wants to transform the world's biggest battery manufacturer into a provider of green energy, as well as…

Venture Global gets FERC Nod for LA LNG Plant

LNG Carrier at Sea / (c) Moofushi / Adobestock

Federal regulators on Wednesday gave Venture Global LNG permission to introduce natural gas into its Plaquemines export plant in Louisiana, documents show, moving…

Halliburton misses quarterly profit estimates on North America drilling demand weakness

Halliburton missed analysts' expectations for the third quarter profit on Thursday as a slowdown of drilling activity in North America affected demand for its oilfield equipment and services.

German spot prices fall on the back of a wind forecast, while French prices increase on demand

On Thursday, the European spot electricity prices were mixed. Germany's fell on expectations of increased wind power generation, while French prices rose due to projected higher consumption.

COP29: Which are the main issues at the UN Climate Summit in Baku

The U.N. Climate Summit COP29, which will take place in Baku on November 15th, has been called the "climate financing COP" because its main goal is to decide how…

Venture Global receives permission from federal regulators to add natural gas to LNG plant

Documents show that federal regulators granted Venture Global LNG approval on Wednesday to introduce natural gases into its Plaquemines Export Plant in Louisiana.

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…

Svendborg Brakes' Yaw Brake Solution Transforms Wind Turbine Maintenance

Image GettyImages courtesy Regal Rexnord

When damaged yaw brake discs were preventing numerous wind turbines from operating in optimum conditions, their operator was looking for an economical maintenance…

Baker Hughes will supply pipe systems for Brazil's Petrobras

Baker Hughes, a provider of oilfield services, announced on Monday that it had signed an agreement with Petrobras to provide 77 kilometers (47.85miles) of flexible…

Sustech, a Japanese startup, has seen its valuation soar to over $800 million in the latest funding round

Sustech, a Japanese energy technology startup, is expected to raise $50m from investors. This will value the company at over $800m, according to people familiar with the matter.

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. French IT company, struggling to survive, reported…

NextEra's performance in the third quarter beats estimates due to its renewables strength

NextEra Energy beat Wall Street's expectations for its third quarter profit on Wednesday. This was due to the strength of its renewables division. The forecasts for this year are brighter than ever…

ADM accused for misconduct and lack of safety inspections following explosion that injured US worker

Archer-Daniels-Midland Co intentionally failed to test and maintain safety systems on its grain equipment for years, which contributed to an explosion that immolated…

US Supreme Court will not halt EPA power plant emission rule

The U.S. Supreme Court refused on Wednesday to suspend a new federal regulation targeting carbon pollution from coal and gas-fired plants, despite the requests of many states and industry groups.

US Closes $861 Million Loan Guarantee for Solar, Energy Storage in Puerto Rico

The U.S. Energy Department announced on Tuesday that it had closed a $861 million loan to finance the construction in Puerto Rico of two photovoltaic solar farms and two batteries storage systems.

Pemex reports two deaths and five injuries from an oil leakage at a refinery in Texas

Two people were believed to have died and five were being treated for injuries on Thursday after a chemical release at Pemex's 312,500-barrels-per-day Deer Park oil refinery in Texas…

MARA, a cryptominer, taps the power generated by U.S. Shale Patch in a new pilot program

MARA Holdings Inc. has announced that it is now producing electricity in the U.S. Shale Patch as part of a program pilot to power 25 megawatts for its mining operations using excess natural gas.

Iberdrola, a Spanish company, invests $15.7 billion into Scottish Power's division

Iberdrola - Spain's largest energy company - will invest up 12 billion pounds ($15.7billion) in Scottish Power, its British division, over the next four year, doubling…