Japan has a plan to make green steel work.
The energy transition is a major challenge, and one of them is decarbonising steel production. This is especially true when consumers around the world are unwilling to pay more money for greener steel products. In order to achieve this, government policies and regulations will likely be used to set prices in a sector that is responsible for 8% of the global carbon emissions. It is a debate about which policies will produce the fastest and best results.
Japan has a plan to make green steel work.
The energy transition is a major challenge, and one of them is decarbonising steel production. This is especially true when consumers around the world are unwilling to pay a premium for greener steel products. In order to achieve this, government policies and regulations will likely be used to set prices in a sector that is responsible for 8% of the global carbon emissions. It is a debate about which policies will produce the fastest and best results.
Executives say oil refiners are adding renewable feedstocks to produce cleaner fuels.
To meet the global demand for cleaner fuels, oil refiners are increasing efforts to blend in renewable feedstocks like used cooking oils into their crude refining streams. Maurits Van Tol, Chief Executive of Johnson Matthey, a provider of catalyst technologies, stated that the demand for additives and catalysts to remove impurities from feedstocks has increased. He said that in recent years, refineries have been blending some components into biomass feedstocks.
Trump announces that the US will increase its military sales to India and eventually provide F-35 Jets
Donald Trump, the U.S. president, said that the United States would increase its military sales to India beginning in 2025. It will also eventually provide F-35 jet fighters. "We will increase military sales to India many billions dollars." Trump told reporters that we're also clearing the path to eventually provide India with F-35 stealth aircraft. Trump didn't provide a timetable, but it usually takes years to complete foreign military sales.
AEP considers a $10 billion increase in its five-year capital expenditure plan to meet data center demand
American Electric Power said on Thursday that it would consider adding $10 billion to the $54 billion capital plan, which is a record. The demand for data centres in the Midwest and Southern service areas of this U.S. utility has increased. The U.S. Power Companies have raised their capital investment and load forecasts as the technology industry invests billions in expanding energy-hungry cloud computing and artificial intelligence data centers.
DeepSeek fever fuels patriotic betting on Chinese AI stocks
Chinese investors are investing in AI-related stocks. They believe that the homegrown startup DeepSeek's artificial intelligence advancement will result in a boom for the sector, and give China the advantage in an intensifying Sino/U.S. tech war. As President Donald Trump re-energizes the trade war by imposing new tariffs, patriotic calls have fueled a frenzy of buying in Chinese chipmakers and software developers as well as data centre operators.
DeepSeek fever fuels patriotic betting on Chinese AI stocks
Chinese investors are investing in AI-related stocks. They believe that the homegrown startup DeepSeek's artificial intelligence advancement will result in a boom for the sector, and give China the advantage in an intensifying Sino/U.S. tech war. As President Donald Trump re-energizes the trade war by imposing new tariffs, patriotic calls have fueled a frenzy of buying in Chinese chipmakers and software developers as well as data centre operators.
DNV: Stricter Emissions Rules Drive Rapid WAPS Adoption
A surge in industry interest, combined with systems builders and yards scaling up production and installation capacity, is set to accelerate growth in orders for wind-assisted propulsion systems (WAPS) in the coming years. In response to this trend, DNV's new whitepaper provides a detailed look at WAPS technologies, their onboard implementation, and potential fuel savings to help shipowners…
Baker Hughes exceeds its quarterly profit expectations on natgas demand
Baker Hughes, a U.S. oilfield equipment company, beat Wall Street's fourth-quarter profit estimates on Thursday as strong demand for natural gas products and services offset the weak sales of its drill gear in North America. Oilfield services companies are struggling with lower demand, as extraction technology becomes more efficient and increased supplies discourage more drilling from energy companies.
Norway's wealth funds continues to invest in renewables, despite the market downturn
A senior fund official stated on Thursday that Norway's $1.8 billion wealth fund, which is the largest in the world, will continue to invest in renewable assets, despite recent market downturns. The fund will also seek out opportunities both in the public and private markets. In 2024, renewable energy assets will have underperformed the market significantly. This includes some of the previous favourites among investors such as Danish offshore developer Orsted.
Repsol invests $834 Million in Spanish Ecoplant, now that windfall tax is gone
Repsol will invest over 800 million euros in a green methanol facility in northeastern Spain. The company announced this on Wednesday after the parliament rejected extending a temporary tax on windfall profits for large energy companies. The company said that the Ecoplant in Tarragona will be operational in 2029. It is expected to be able process up to 400,000 tonnes of municipal waste annually, and transform it into 240,000 tonnes of renewable fuels, and circular products.
DeepSeek's "Sputnik moment" prompts investors to dump big AI players
Investors sent technology stocks like Nvidia and Oracle tumbling on Monday as the appearance of a Chinese artificial intelligence model that is low-cost cast doubts on Western firms' dominance in the sector.Startup DeepSeek launched last week a free assistant that it claims uses less data and costs a fraction of what existing models cost. This could be a turning point for the amount of investment required in AI.Futures for the Nasdaq 100 fell almost 4%.
Big Oil is not rushing to "drill, baby drill" this year despite Trump's agenda
Wall Street believes that U.S. energy companies will keep spending under control in 2025, and focus on shareholder returns despite President Donald Trump's calls to "drill baby, drill". This week, Big Oil will report its fourth-quarter results. The outlook for the next year should reflect Trump's agenda to maximize oil and gas production and the expectations of investors. In recent years…
Johnson Matthey will review executive compensation and cut spending in hydrogen technologies
Johnson Matthey, a British autocatalyst manufacturer, announced on Monday that it would reduce its capital expenditures in its Hydrogen Technologies business and review the executive pay to increase its cash flow. This was in response to pressure from its largest investor. In late 2018, the company, which produces catalytic convertors and pollution filters, failed to meet analysts' expectations in terms of first-half revenue.
In Davos European executives support Trump's call to action on deregulation
Davos business leaders joined President Donald Trump in calling on the European Union (EU) to increase its efforts to reduce regulations and boost competition so that the EU does not fall further behind other developed countries. Trump said via videoconference to the business elite in Davos at the World Economic Forum annual meeting, that the European Union was unfair and made it hard for the U.S. to import products into Europe.
Codelco and Saudi Arabia in talks about copper investment; 2025 output expected to increase
In an interview with the company's Chairman on Friday, Codelco's Chairman said that the company is in discussions with Saudi Arabia about potential joint investments in copper. Maximo Pacheco, the Chairman of Codelco, said that by 2025 it was expected that Codelco would increase its own production to around 1.4 millions tons. Pacheco stated that the Saudi Arabian state-owned firm had held discussions with them as both sides felt a need to increase value.
Daphne Technology, Williams win DOE Grant for MERP Efforts
Daphne Technology, in partnership with Williams, announced the award of a grant worth nearly $6M from the U.S. Department of Energy's (DOE) Methane Emissions Reduction Program (MERP).This project, titled the "Daphne and Williams Methane Slip Abatement Plasma-Catalyst Scale-Up", highlights the critical role of innovative technologies in reducing methane emissions.As part of this collaboration…
Oilfield services provider Flowco raised $427 mln through its US IPO
Flowco Holdings announced on Wednesday that it had raised $427.2 Million after pricing its U.S. Initial Public Offering above its target range. Flowco set the price of its 17.8 million shares to $24 per share. The company advertised to list its stock between $21 and $23. The U.S. IPO Market has been revitalized by strong equity markets, falling rates of interest and the hope that the incoming Trump Administration will create a more friendly regulatory environment.
ONGC reports that BP expects a 44% increase in the oil production from India's biggest field.
According to Oil and Natural Gas Corp, BP, a global energy giant, has committed to increasing oil production by 44 percent and gas output by 89 percent from India's biggest field, located off the west coast of India, over a ten-year contract. ONGC announced BP on Wednesday as its technical services provider to help boost output. The baseline production is 45.47 millions metric tons of crude oil and 70.40 BCM of gas. Shell, a major energy company, also took part in the tender.
Biden Team wraps up expanded Clean Energy Credit Guidance
The Biden Administration released Tuesday guidance to assist companies in securing clean energy tax credits as part of the 2022 Inflation reduction Act. This program finalized a program that extends subsidies previously available for solar and wind to other low-carbon sources. This move is a part of the actions taken by outgoing president Joe Biden to support his administration's efforts to combat climate change.
