Baker Hughes will supply key equipment to Alaska LNG Project
Baker Hughes, a provider of oilfield services, will provide key equipment for the proposed Alaskan LNG project. The project's chief developer announced on Monday that the pipeline and terminal would be built to export natural gas from Alaska's North Slope to Asia and to other markets. * Baker Hughes is supplying refrigerant compression equipment and power generation for a gas treatment facility on the North Slope.
De Nora eyes water tech deal, raises profit margin outlook
Industrie De Nora, an Italian electrochemical company, is looking at ways to expand its water-technology business. It may even announce an acquisition before the end of the year. De Nora's Paolo Dellacha said: "We have concrete M&A projects and hope to announce something before the end of this. De Nora is a leader in the field of industrial electrodes and also provides equipment and solutions to disinfect and filter water.
SLB launches AI product to focus on digital sales growth
SLB, a technology company in the energy sector, launched on Monday a new artificial-intelligence tool to automate workflows and processes for companies looking to use AI to boost growth. SLB's Tela technology will be integrated into its portfolio of platforms and applications. Users will be able to interact with the system through a conversational interface.
J-Power to Shut Two Coal-Fired Power Plants
Japan's Electric Power Development (J-Power) said on Friday it will decommission two coal-fired power plants by March 2029 as part of efforts to meet its 2030 goal of cutting carbon dioxide emissions by 46% from 2013 levels.President Hitoshi Kanno also reaffirmed the company's commitment to completing the Oga-Katagami-Akita offshore wind project…
J-Power shuts down two coal-fired plants and commits to offshore wind project
J-Power, Japan's Electric Power Development Company (J-Power), announced on Friday that it would decommission 2 coal-fired plants by March 2029 in order to achieve its 2030 goal of reducing carbon dioxide emissions by 46 percent from 2013. Hitoshi Kano also reiterated the company's intention to complete the Oga, Katagami, and Akita offshore project…
Why are rare earths important and what are they?
The U.S. Keep Chinese rare earths exports flowing. What are they? Rare earths is a grouping of 17 elements, including 15 metals that are silvery white, called lanthanides or lanthanoids. They also include scandium and yttrium. What are they used for? Rare earths, or the magnets that they can sometimes be made into, are found in small quantities…
China solar stocks jump after a report by state media on overcapacity
The shares of China's solar firms soared on Wednesday, after a senior executive in the industry told state media leading companies were forming an alliance. This raised expectations that industry leaders would be moving forward with a plan that will reduce overcapacity. "Seventeen companies are already in the process of signing." Zhu Gongshan (President of GCL Technology Holdings)…
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. Aedifica: The healthcare real estate company Aedifica announced that its nine-month rental revenue rose by 8%, to 271.8 millions euros. It also raised the EPRA estimate for earnings per share in full-year to 5.10 euros. ASM INTERNATIONAL…
Havells led funding round secures $171 Million for India's Goldi Solar
Goldi Solar, India's largest manufacturer of solar modules, announced on Wednesday that it had raised $142,1,000,000 ($171,000,000) in growth capital, led by the electrical equipment giant Havells India. Shahi Exports and SRF Transnational Holdings are among the high-net worth individuals and companies that invested in this round. The money raised will be used to support Goldi Solar in its manufacturing expansion…
Report: Oil and gas projects will be delayed by 2026 due to rising tariffs.
A Deloitte report released on Wednesday showed that the U.S. President Donald Trump’s sweeping tariffs will raise operating costs in 2026. They will also disrupt supply chains, and reduce investment momentum. Energy industry operations are heavily dependent on international supply chains. Materials such as drilling equipment, valves, compressors…
Zelenskiy: Ukraine has the funds to import 70% of the gas needed for this winter.
The President of Ukraine, Volodymyr Zelenskiy, said that Ukraine has secured funds to purchase 70% of its natural gas needs for this winter. He also stated that the Ukrainian Government would cover the remaining funding. He appeared to be reassuring Ukrainians that they will have enough energy this winter, after Russia intensified its attacks on energy infrastructure in its war against Ukraine.
Oilfield giants shift focus to AI infrastructure after drilling demand declines
SLB, Halliburton, and Baker Hughes, oilfield services giants in North America, are focusing on data centers and artificial intelligence infrastructure to fuel their next phase of expansion as they deal with a slowing drilling market and idle rigs. U.S. producers of oil have reduced exploration budgets, as the price of a barrel hovers in the low 60s…
German Spot Falls as High Wind Output Continues
The German spot price of power for Tuesday dropped as the already high wind output was expected rise again and outweigh demand. In contrast, France's spot price rose as wind supply was falling and demand was increasing. LSEG data shows that the German day-ahead contract at 0836 GMT was 65.50 Euros ($76.39 per megawatt hour), down 4.2% on Monday's price.
France's offshore Wind sector is battered by government crises
Offshore wind developers, and suppliers of equipment are bracing themselves for a slowdown. A political crisis in France has caused changes to France's energy framework as well as government tenders to be stalled. Data released on Friday showed that business activity in France declined faster than anticipated in October. Emmanuel Macron's six…
Baker Hughes exceeds profit expectations on the strength of industrial and energy technology demand
Baker Hughes, a provider of oilfield services, beat Wall Street expectations for its third-quarter profits on Thursday. This was due to the strength in their industrial and energy technologies (IET) division. Oilfield services firms are navigating a volatile oilfield market. Resilient areas such as LNG infrastructure, upgrades to the power grid, and increasing electricity demand by data centers help support growth.
Ananym suggests Baker Hughes sell its oil service equipment business
Ananym Capital wants to see Baker Hughes' oil field equipment and services business spun off. They believe this could boost the stock price at least by 60%. Charlie Penner, co-founder of Ananym and active passive-investment summit host 13D Monitor in New York on Tuesday, said: "That is our preferred path. We also have complete confidence in Baker Hughes management and board to select the best path for their shareholders.
Halliburton's profits beat expectations on the back of steady drilling demand in North America
Halliburton's third-quarter profits surpassed Wall Street expectations on Tuesday thanks to the steady demand for oilfield equipment and service in North America. The North America segment's quarterly revenue was $2.4 billion. This is the same as a year ago, but it's above analysts’ average estimates of $2.17billion. Halliburton stated that the results were supported in part by the increased stimulation activity on U.S.
As US onshore oil growth slows, will improved drilling boost Gulf of Mexico offshore oil production?
Analysts and consultants predict that offshore investment will continue to grow as new technology and more friendly regulations encourage investment. In recent years, the offshore oil and natural gas sector has been overshadowed by shale because it requires more upfront investment and years of construction. The entry costs for shale were lower and the returns faster, so the rapid expansion of shale led to the U.S.
Service Resumed at Berkshire Hathaway Energy Cove Point LNG Export Plant
U.S. energy firm Berkshire Hathaway Energy's Cove Point liquefied natural gas (LNG) export plant in Maryland returned to service on Sunday after a planned autumn maintenance outage, according to a company notice to customers and data from financial firm LSEG.The amount of natural gas flowing to the plant, which shut around September 20, rose from about zero to 0.9 billion cubic feet per day (bcfd) on October 12…
Berkshire Hathaway Energy Cove Point in Maryland LNG export plant is back in service
According to a notice sent to customers by the company and data provided by financial firm LSEG, on October 13, U.S. energy giant Berkshire Hathaway Energy’s Cove Point liquefied gas export plant (LNG) in Maryland resumed service after a planned maintenance outage. The LSEG data revealed that the amount of natural gases flowing into the plant…