Latest News
Schweikert: 'Cefla’s choice of Bloom’s technology positions Bloom as a solution for Europe’s new power savings mandate'
By Globe Banner Report | Nov 22, 2022
Bloom Energy recently teamed up with Cefla to deploy Bloom’s megawatts of solid oxide fuel cells through 2025, a press release reported.
White House as OPEC+ cuts oil production: 'The president is disappointed by the shortsighted decision by OPEC+'
By Karla Florez | Oct 16, 2022
OPEC+ recently confirmed a series of oil production cuts, a decision that has sparked concerns of supply shortages on the U.S. administration’s behalf as the group deems it “shortsighted,” Reuters reported.
Neste CEO on joint agreement: 'The partnership strengthens our footprint in the United States'
By Karla Florez | Sep 25, 2022
Earlier this year, Finland-based company, Neste Corporation and Marathon Petroleum Corporation agreed upon the 50/50 joint venture, Martinez Renewables, to produce renewable diesel, according to a press release.
Slocum: 'Acorn International is proud that our team was selected to lead the EIA'
By Karla Florez | Aug 13, 2022
Acorn International, based in Houston and Boston, was recently selected to perform an Environmental Impact Assessment and oversee the public consultation program for the Guyana-based Uaru Project of Esso Exploration and Production Guyana Limited, according to a press release.
Equinor on acquiring East Point Energy: 'Battery storage will play an important role in the energy transition'
By Karla Florez | Jul 19, 2022
Norway’s Petroleum refining company, Equinor, recently acquired U.S.-based battery storage firm East Point Energy, obtaining 100% of the company’s stake. The transaction is scheduled to be completed during the third quarter of 2022, CNBC reported.
Nedeljkovic: 'Hydrogen is very well-suited to lower or even fully compensate for gas demand'
By Karla Florez | Jul 15, 2022
BMW confirmed plans to consider new investments in solar, geothermal and hydrogen energy in an effort to reduce its reliance on natural gas, Reuters reported.
ExxonMobil affiliates finalize sale of XTO Energy Canada to 'complete the marketing effort announced in January'
By Karla Florez | Jun 29, 2022
ExxonMobil’s Canadian affiliates, Imperial and ExxonMobil Canada, have teamed up to secure and finalize the sale of XTO Energy Canada, a joint venture between both parties.
Woods: 'We are collaborating with QatarEnergy on North Field East'
By Karla Florez | Jun 22, 2022
ExxonMobil has entered an agreement with QatarEnergy to leverage its North Field East project and increase Qatar’s annual LNG capacity from 77 million to 110 million tons by 2026, a press release reported. The terms of the deal remain confidential.
Reuters report: 'Analysts remain concerned that the country could have ongoing problems delivering oil'
By Karla Florez | Jun 20, 2022
The United States recently rebounded from previous losses after imposing sanctions on Iran. Energy markets now remain concerned about price increases resulting from scarce supply, Reuters reported.
JP Morgan analysts: 'We expect the increase in OPEC+ output to be about 160,000 barrels per day in July'
By Karla Florez | Jun 12, 2022
Oil prices recently reached a cost of $120 per barrel earlier this week, Reuters reported. In response to the increase of oil cost, Saudi Arabia has raised its price ranges for its flagship Arab light crude to Asia to $2.10 to $6.50.
Reuters report on Venezuelan oil: 'Washington's greenlight to resume Venezuela's long-frozen oil flows to Europe could provide a symbolic boost'
By Karla Florez | Jun 10, 2022
The U.S. State Department has allowed Italian oil company Eni SpA and Spain's Repsol SA to begin shipping Venezuelan oil to Europe to make up for Russian crude. The decision was confirmed by five unnamed sources said to be familiar with the subject, Reuters reported.
Goldman Sachs: 'Renewables are not a stand-alone solution'
By David Beasley | Jun 4, 2022
A Goldman Sachs Asset Management presentation shows the downside of renewable energy, including geopolitical concerns.
Hess on new discoveries: 'These new discoveries further demonstrate the extraordinary resource density of the Stabroek Block'
By Karla Florez | Jun 1, 2022
Hess Corporation recently confirmed that its gross sum of its recoverable resource estimate for Stabroek Block offshore Guyana has increased to nearly 11 billion barrels of oil equivalents following three new discoveries on the block, a press release reported.
Sadler named Energy Vault Holdings, Inc. vice president of sales: 'I look forward to further expanding deployment opportunities'
By Karla Florez | May 31, 2022
Energy Vault Holdings, Inc., based in California, recently hired Lucas Sadler as vice president of sales and business development, Asia & Pacific (APAC) to expand its footprint and better fulfill energy storage demand in the region, according to a press release.
CB&I SVP: 'CB&I is honored to join KOGAS in setting the pace for the rapid development of a large-scale hydrogen economy for South Korea'
By Karla Florez | May 30, 2022
McDermott's storage business, CB&I has signed a memorandum of understanding through its partnership with Korea Gas Corporation (KOGAS) to further develop the hydrogen economy in South Korea, a press release reported.
Governors seek expedited DOC solar trade investigation as firms linked to slave labor halt imports
By Sam Jackson | May 23, 2022
Nineteen governors sent a letter to President Joe Biden and Commerce Secretary Gina Riamondo seeking an expedited review of the Auxin Solar complaint over alleged Chinese “tariff dodging.”
Energy Transfer president: 'Gunvor’s commitment to Lake Charles further evidences the progress we are making'
By Karla Florez | May 4, 2022
Energy Transfer LNG Export, LLC recently secured an LNG Sale and Purchase Agreement with Gunvor Singapore Pte Ltd to further develop its Lakes Charles LNG project, according to a press release.
KKR managing director: 'The launch of Aster reflects KKR’s confidence in Asia’s renewables sector'
By Karla Florez | May 2, 2022
KKR recently launched its new renewable energy project, Aster, to help develop wind and energy storage abilities in Taiwan and Vietnam.
Westinghouse plans to add four AP1000 reactors in China: 'It has unique, fully passive safety features that make it the safest'
By Karla Florez | Apr 28, 2022
Westinghouse Electric Company recently received approval to construct four additional AP1000 reactors in China, bringing its total sum of the global AP1000 fleet to 10 units, according to a press release.
ITT CEO: 'The solar lake is one example of our continuous effort to reduce energy consumption'
By Karla Florez | Apr 25, 2022
ITT Inc. confirmed plans to invest in the construction of a photovoltaic lake at its largest factory based in Barge, Italy. The project is scheduled to conclude by the end of this year.