Toshiba Corp's nuclear unit Westinghouse Electric Co filed for Chapter 11 bankruptcy protection in the Southern District of New York, a regulatory filing showed on Wednesday.
The move comes as the firm faced billions in cost overruns and years-long delays at U.S. power projects.
Reporting by Tim Kelly and Makiko Yamazaki
Orsted said that the demand for green power will continue to grow in the United States, regardless of the person who is elected as president.
The U.S. midstream firm MPLX announced a higher net profit for the third quarter 2024 compared to the previous year on Tuesday…
Oil futures and option trading reached record levels during October as investors sought to hedge against the growing uncertainty…
The price of Malaysian palm oil futures increased on Tuesday due to expectations that palm production will be reduced and inventories will decrease.
Petronas, the Malaysian state-owned energy company, plans to expand "aggressively" in Indonesia. It will create a hub in…
NextEra Energy, a utility firm, announced on Monday that it plans to raise $1.5 Billion through the sale equity units in order to fund new projects.
Eni, an Italian energy company, said that Egypt's President met with its CEO on Monday in order to discuss measures aimed at boosting gas production.
Sinopec, a Chinese refiner, reported a 52.1% drop in its net profit year-on-year to $8.54 billion yuan (US$1.2 billion) during…
Technical buying and the weaker ringgit helped limit its losses. At the close, the benchmark contract for palm oil delivery…
A non-governmental organization said that the world's biggest sovereign wealth fund has failed to meet its own climate goals…
The Globe and Mail reported that Canada Growth Fund, the federal funding agency of Canada, has proposed to fund a multi-billion…
Baker Hughes, a closely watched energy services company, said that the U.S. firms maintained the same number of oil and gas rigs this week.
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