Japan tightens regulations on mega-solar project to protect landscape and nature
Officials from the Japanese government have announced that they will tighten regulations, and stop financial support for large-scale projects of solar energy to protect the?environment and preserve landscapes. This is part of the package of countermeasures against mega-scale solar farms that was endorsed by the Japanese government on Tuesday. It also aligns with Prime Minster Takaichi, who has called for limits to large solar projects.
Orlen, Grupa WB Collaborate to Improve Maritime Infrastructure Security
State-controlled Polish refiner Orlen and private defence technology company Grupa WB have agreed to work together to improve the security of critical infrastructure, Orlen said on Tuesday.The Baltic Sea region is on high alert following power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022.Under an agreement the two companies signed, they will cooperate to ensure energy security by protecting maritime infrastructure and to counter criminal acts including terrorism, diversion, and sabotage.They said the ag
FEATURE-AI data explosion in Mexico fuels rise of dirty energy
The country's power infrastructure is overloaded and pollution has increased due to the shortfall in green power, despite promises by government and industry to increase capacity. The data centers are huge warehouses that are the size of Olympic stadiums. They sprawl over industrial parks and house hundreds of servers, which consume a lot of energy. These servers power the most powerful technology companies, like Microsoft, Google, and Amazon.
AI data explosion in Mexico fuels growth in dirty energy
The lack of green power, despite promises by government and industry to increase capacity, has overloaded and increased local pollution. Masheika Allgood is the founder of AllAI Consulting. She provides information on data center environmental impacts. The data centers are huge warehouses that are the size of Olympic stadiums. They sprawl over industrial parks and house hundreds of servers, which consume a lot of energy. These servers power the most powerful technology companies, including Microsoft, Google, and Amazon.
Bousso: The geopolitical premium of oil in the ROI vanished by 2025 and is unlikely to return.
In 2025, the global oil markets were faced with multiple black swans events - such as the Israel-Iran War and Ukrainian attacks on Russian refineries - but they were not fazed. In an age of abundant energy, this calm could be the new norm. The year 2025 will be remembered as a geopolitical chaos, due to President Donald Trump's return in January, and his frenzy of trade, policy and diplomatic initiatives. On June 12, Israel bombed Iranian military, government, and nuclear sites. This was a pivotal moment in the energy market.
Battery boom sparked by China's energy reforms and global data centres
The Chinese energy storage manufacturers are booming as a result of the revamping of China's electric market. According to one estimate, Chinese firms will see a 75% increase in global shipments this year of lithium-ion batteries for energy storage. They have exported more than $65 billion worth of storage and electric-vehicle batteries this year, cementing their dominance in a sector vital ?to ?backing up wind and solar and keeping power coursing through artificial-intelligence data centres.
What is Fusion Energy, the Quest that Trump Media is so enamored with?
Scientists and businesses have tried for decades to harness the fusion energy that powers the sun to produce electricity on Earth. The $6 billion merger announced on Thursday between U.S. president Donald Trump's Trump Media and Technology Group and?Google-backed TAE technologies is the latest development for an industry still a long way from commercialization. What is Fusion? The process of fusion energy that powers the sun and the…
Meg O'Neill, BP's new CEO, will be the first woman ever to lead an oil company.
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the London-based 'oil major'. She made an immediate impression when she took over at Australia's Woodside Energy and secured a deal which doubled the company's production portfolio. Woodside's acquisition of BHP petroleum assets, in a merger of then-$28billions, in '2021' boosted the Perth-based firm with an international presence during a period of industry consolidation. It made it a global top-10 energy independent company and a powerhouse of gas.
Germany launches EUR30 Billion Fund to Mobilize Private Investment
Germany announced the "Deutschlandfonds", a '30 billion euro initiative ($35.22billion) designed to mobilize private capital for investments in 'energy transition, technology and industrial modernization, as Europe’s largest economy strives to regain its competitiveness. The fund will be coordinated by the finance ministry and implemented?by KfW (the state-owned development lender), and it will use equity stakes, guarantees, and loans to reduce risk in private investments, rather than direct state spending.
Why US producers are paying attention to Canada's most popular shale play
Executives, analysts, and advisors say that U.S. producers of oil and gas are seeking new drilling territories in Western Canada's Montney Basin, an enormous shale play in a remote area. The basin is already a hub of M&A and may see even more deals in the near future. The United States has become the largest oil producer in the world as a result of extensive drilling on shale deposits over the past 15 years. After a period of rapid expansion…
The new BP CEO has a long-lasting legacy at Australia's Woodside
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the London-based oil giant. She made an immediate impression when she took over at Australia's 'Woodside Energy', securing a deal which doubled the production portfolio. Woodside's acquisition of BHP’s petroleum assets by 2021 in a merger of then-$28 billion?bulked-up the Perth-based firm with an international presence during a time of industry consolidation. It made it a top-10 global energy independent company and a powerhouse of gas.
The new BP CEO has a long-lasting legacy at Australia's Woodside
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the venerable London based major. She made an immediate impact when she took over at Australia's Woodside Energy and secured a deal which doubled the production portfolio. Woodside's acquisition of BHP petroleum assets by 2021 in a merger of then-$28 billion boosted the Perth-based firm with an international presence?during an industry consolidation period, making it one of the top-10 independent global energy producers and a gas giant.
Australian shares continue to fall on the back of the mining slump, Woodside falls on CEO's surprise departure
The Australian share market was set to record a fourth consecutive day of losses, led by the miners. Meanwhile, energy stocks fell as Woodside Energy dropped after it announced its departure. As of 2322 GMT, the S&P/ASX 200 was down 0.2% at 8,567.70. The benchmark closed Wednesday 0.2% lower. Woodside Energy's stock fell as much as 2,6%, its lowest level for nearly two months, after the Australian firm announced that Chief Executive Officer Meg O'Neill will be joining BP as executive director.
Wall Street closes lower after AI funding worries drag down tech stocks
Wall Street's major indexes ended lower on Wednesday. The S&P 500, and the tech-heavy Nasdaq fell to new lows in three weeks as persistent concerns about the artificial-intelligence trade weighed down technology stocks. Oracle fell 5.4% following a report that said Blue Owl Capital, the largest cloud data center partner of Oracle, would not support a $10 billion contract for its next facility. Amazon.com dropped 0.6% following reports that the company was in talks with ChatGPT maker OpenAI to invest $10 billion.
Wall Street closes lower after AI funding worries drag down tech stocks
Wall Street's major indexes fell on Wednesday, as the S&P 500 and tech-heavy Nasdaq sank to three-week lows. Worries about artificial intelligence trade continued to weigh on technology stocks. Oracle shares fell after a report stated that Blue Owl Capital, the largest data center partner of Oracle's cloud company, would not support a $10 billion contract for its next facility. Amazon.com's stock price fell after reports that the company was in talks with OpenAI to invest $10 billion.
Wall Street drops as AI funding worries hit tech stocks
Wall Street's major indexes dropped on Wednesday. The?S&P 500, and the tech-heavy Nasdaq were at their lowest levels in three weeks as nagging concerns about?the??artificial intelligence? trade weighed down on technology stocks. Oracle shares fell by nearly 5% following a report that said Blue Owl Capital, the company's biggest data center partner, would not support a $10 billion contract for its next facility. Amazon.com increased by 0.3%. OpenAI, the ChatGPT maker, is in negotiations to receive an investment of $10 billion.
Dallas Fed energy survey shows little change in oil and gas production during Q4
According to a Federal Reserve Bank of Dallas survey, oil and?gas production in Texas, Louisiana, and New Mexico?edged down in the fourth quarter as executives expressed concerns about low oil prices, which are rendering some wells uneconomical, and the ongoing geopolitical uncertainties. The oil and gas industry's production was essentially unchanged over the quarter, while costs rose at a lower rate than in the previous quarter. Oilfield service firms reported a modest decline in a number of indicators…
Wall St. inches up as investors focus on policy outlook; Oracle slips
Wall Street's major indexes rose slightly in volatile trading Wednesday as investors sought clues about the future of interest rates. However, caution was still evident following reports that Oracle's plans for data centers were facing funding hurdles. Oracle shares fell by 2.8% following a report that Blue Owl Capital, the company's biggest data center partner, said it would not support a $10 billion contract for its next facility.
What changes have been made to the proposed Indian civil nuclear law?
India has proposed legislation that would end the state's monopoly on nuclear power after six decades. This law would allow private companies, and even individuals?to build and run reactors. The bill must be passed by both the lower and upper chambers of parliament before it becomes law. What is the civil nuclear law? Nuclear projects have been restricted since 1962 to companies under the Department of Atomic Energy. This includes Nuclear Power Corporation of India.
Fridson: Wall Street's 'beats'are more show and less science
Investors are preoccupied by the question of whether or not companies beat their "Street Estimates" each quarter. But perhaps the whole concept of "beats", should be debated. Consider a recent example. The Fly, a financial news publication, reported on November 5 that USA Compression (an oilfield equipment and services company) had met the consensus expectations of earnings per share for the third quarter, which was 26 cents. Benzinga?Newswire…