Sunday, June 24, 2018

Apple News

Obama: Renewable Energy Boosted by Industry

President Barack Obama on Friday will announce executive orders to increase the use of solar panels, boost energy efficiency in federal buildings and train more people to work in the renewable energy field, the White House said. The president, who will…

Obama Announces Actions On Renewable Energy

President  Barack Obama

President Barack Obama announced steps on Friday to increase the use of solar panels, boost energy efficiency in federal buildings and train more people to work in the renewable energy field. "It's the right thing to do for the planet," Obama said,…

Stocks, Oil Rally; Cold Snap Supports Energy Demand

Oil prices and world stock markets jumped on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. Brent crude oil, which tumbled in recent weeks on worries about oversupply,…

North American Oil Trains Under Scrutiny

Sheriff Craig Apple assured a room of concerned citizens that county emergency crews were prepared to handle an oil-train accident involving three or four tank cars. Firefighters have been training to combat railcar fires with foam, and evacuation plans are detailed in a 500-page emergency response plan…

SunPower, Apple to Build Solar Projects in China

Solar panel maker SunPower Corp said it would partner with Apple Inc to build two solar power projects in China's Sichuan province with total capacity of 40 megawatts. The projects, when complete, will be co-owned by Apple and Sichuan Shengtian New Energy Development Co Ltd…

Stocks, Dollar Drift Ahead of Yellen Speech; Oil Drops

Crude oil prices continued to fall on Tuesday as oversupply fears resurfaced, while stocks and the U.S. dollar were little changed ahead of a widely anticipated speech by Federal Reserve Chair Janet Yellen. Yellen, due to speak at the Economic Club of New York at 12:20 p.m.

Oil down, Dollar slips

Oil Courtesy RF123

Crude oil prices fell on Friday ahead of a weekend meeting that could yield an output freeze by major producers, while the U.S. dollar and stocks across the globe edged lower but posted weekly gains. On Wall Street, energy stocks led the market slightly lower as oil fell…

Charles Palmer Uses 'B-Word' in China Rant

An influential Chinese newspaper called for retaliation against Australia on Wednesday after Australian mining mogul and politician Clive Palmer described China's government as "bastards" who shoot their own people. The Australian government has rebuked Palmer for his comments…

US Energy Infrastructure Revamp May Unlock $6-trillion Market

U.S. Secretary of State John Kerry said Monday the United States could potentially unlock a $6 trillion energy market by revamping the country's fractured electricity grid, a move that he said would boost the competitiveness of renewable energy. Kerry addressed the opening event of Climate Week NYC…

Will Saudi Aramco Deliver Record Profit for IPO?

Saudi Aramco is world's biggest oil producing company; but valuation demands annual earnings around $130 billion. When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record…

GT Advanced Files for Bankruptcy

Solar and LED equipment maker GT Advanced Technologies Inc, a supplier of sapphire glass to Apple Inc, said it had filed for voluntary bankruptcy protection. The company, whose subsidiaries also filed for bankruptcy, said it had $85 million of cash as of Sept. 29.

ConocoPhillips Signals Conditional Support for UN Climate Deal

UN Framework Convention on Climate Change

The comments by the Houston-based company were a clarification of its position on the proposed UN agreement after it earlier in the week answered 'yes' to a question in a climate change survey that asked whether it backed a 2015 UN accord. The company's partial endorsement comes as pressure grows on U.S.

Pressured for Profit, Oil Majors Bet Big on Shale Technology

(File photo: ConocoPhillips)

Shale oil engineer Oscar Portillo spends his days drilling as many as five wells at once - without ever setting foot on a rig. Part of a team working to cut the cost of drilling a new shale well by a third, Portillo works from a Royal Dutch Shell Plc office in suburban Houston…

NOIA's Randall Luthi Weighs in on BSEE Rules

National Ocean Industries Association (NOIA) President Randall Luthi (CREDIT: NOIA)

NOIA Welcomes Opportunity to Comment on Revisions to Offshore Production Safety Systems Rule. “The proposed revisions to the Production Safety Systems Rule mark an integral step in the regulatory reform promised by President Trump, Interior Secretary Zinke and BSEE Director Angelle.

MHI Completes Development of "Sayaringo STaGE"

[Sayaringo STaGE a next-generation LNG carrier]

Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Sayaringo STaGE," a next-generation LNG (liquefied natural gas) carrier. The Sayaringo STaGE was developed as a successor to the "Sayaendo1," the company's highly acclaimed LNG…

Statkraft in Talks with Firms to Set up Data Centers in Norway

Norwegian power firm Statkraft is negotiating with U.S. and other companies to build large data centers in its home country, favored by a recent change in Norway's tax system, the state-owned utility told Reuters on Thursday. Unlike its Nordic neighbours…

SoftBank, China's GCL Team Up for $930 mln Indian Solar Venture

© VioNet  / Adobe Stock

Japan's SoftBank Group Corp has agreed to launch a $930 million Indian joint solar energy venture with Chinese firm GCL System Integration Technology Co as part of its India solar investment roadmap. The venture will work on photovoltaic technology, which is used in solar panels.

Mitsui Orders 2 LNG Carriers from MHI

Moss-type tanks

Mitsubishi Heavy Industries, Ltd. (MHI) reports it has received an order for two next-generation LNG (liquefied natural gas) carriers from Mitsui & Co., Ltd., scheduled for completion and delivery in 2018 and 2019, respectively. They will be put into…

Apple Investing $850m in California Solar Farm

Tim Cook (Photo: Apple)

Apple Inc Chief Executive Tim Cook said on Tuesday the technology company is investing $850 million to help build a solar farm in California with solar panel maker First Solar. The project in Monterey County, California will provide enough energy for 60…

Wind Farms Boost Tax Base for Local US Governments

© Craig Hanson / Adobe Stock

Wind farms have boosted local tax bases and generated new revenue as they expand across the United States, especially for rural areas, Moody's Investors Service said in a report on Monday."What we're seeing is wind farms generate new operating revenues…