Carrier Global, a long-standing manufacturer known for its air conditioning systems, is undergoing a significant transformation fueled by the surging popularity of heat pumps. These devices, utilizing electricity for both cooling and heating purposes, are gaining traction due to their enhanced efficiency and cost-effectiveness compared to traditional fossil-fuel-based systems. Moreover, government incentives, including tax credits… Continue reading Carrier, the century-old inventor of the air conditioner, is moving on to the home heat pump

TransAlta Corp. has signed onto a voluntary water-sharing memorandum of understanding (MOU) with over 30 other water licence holders in the Bow River basin. Water-sharing MOUs have been initiated by the government of Alberta across Southern Alberta, to co-ordinate water needs in what is expected to be a lower-water year. Due to its role managing… Continue reading TRANSALTA JOINS OTHER WATER LICENCE HOLDERS AND THE ALBERTA GOVERNMENT TO COLLABORATE ON FLOW MANAGEMENT ON THE BOW RIVER SYSTEM

President Joe Biden’s top economic advisor, Lael Brainard, addressed concerns about rising gas prices, stating that the White House will ensure gas prices remain affordable for American families, particularly as the summer driving season approaches. Gasoline futures have surged nearly 29% this year, with current pump prices averaging $3.67 per gallon. Factors contributing to this… Continue reading White House will ‘make sure gas prices remain affordable’ heading into summer, Biden advisor says

British oil giant BP made significant changes to its executive team, reducing it to 10 members and appointing William Lin as the new head of the firm’s oil and low carbon energy business, succeeding Anja-Isabel Dotzenrath, who is retiring. Emeka Emembolu takes over as the lead of BP’s technology functions from Leigh-Ann Russell, who is… Continue reading BP trims down executive team, picks new head of its gas and low carbon energy business

Kam Ghaffarian, founder of IBX, envisions a future where humanity extends beyond Earth to the stars. At the Space Symposium in Colorado Springs, he highlighted the fusion of altruism and capitalism driving his vision. With a track record in the space industry, Ghaffarian has co-founded and invested in various commercial space ventures. Intuitive Machines, under… Continue reading Billionaire Kam Ghaffarian sets his sights on the stars with a range of space companies

Bertrand Piccard, an explorer and environmentalist, emphasizes the importance of focusing on cutting energy waste alongside shifting to renewable energy sources. Speaking at an “IOT: Powering the Digital Economy” panel, Piccard highlighted that approximately three-quarters of the world’s energy is wasted due to inefficient systems or behaviors. He stresses that replacing fossil fuels with renewables… Continue reading A shift to renewable energy is ‘hopeless’ without efficiencies, environmentalist says

U.S. crude oil experienced a third consecutive decline in trading on Wednesday, falling below $85 a barrel amid market dismissal of the potential for a broader conflict between Israel and Iran that could disrupt oil supplies. The West Texas Intermediate contract for May delivery dropped 46 cents to $84.89 a barrel, while June Brent futures… Continue reading U.S. crude oil falls below $85 as traders discount Iran-Israel war risk

The article discusses the recent seizure of the containership MSC Aries by Iran, marking at least the sixth vessel hijacked by Iran and its proxies in response to the Israel-Gaza war. This event poses challenges to longstanding freedom of navigation principles that maritime shipping relies on. Before this incident, the last vessel hijacked by Iran… Continue reading ‘Iran is in for the long haul’ with oil tanker hijacks, expert says, as U.S. considers more sanctions

Crude oil futures experienced a slight uptick on Tuesday amidst reports of potential new sanctions against Iran by the U.S., specifically targeting the country’s oil exports following its recent air assault against Israel. The West Texas Intermediate contract for May delivery rose by 27 cents to $85.68 a barrel, while the June Brent futures contract… Continue reading Oil edges higher as U.S. weighs added sanctions on Iran oil exports after attack on Israel

Africa Oil Corp. repurchased a total of 1,076,000 Africa Oil common shares during the period of April 8, 2024, to April 12, 2024, under the previously announced share buyback program. The launch of Africa Oil’s normal course issuer bid (share buyback) program, announced by the Company on December 4, 2023, is being implemented in accordance… Continue reading AFRICA OIL ANNOUNCES RESULTS OF SHARE BUYBACK PROGRAM

NG Energy International Corp., further to the company’s press release dated Dec. 4, 2023, has signed additional long-term agreements for natural gas sales from the Maria Conchita block, expanding on its previous commitments with Vanti SA ESP, Gases del Caribe SA ESP and Gases del Occidente SA ESP, and entering into additional commitments with GEAM… Continue reading NG ENERGY ANNOUNCES ADDITIONAL LONG TERM NATURAL GAS SALES CONTRACTS

On Thursday, crude oil futures experienced a decline amidst concerns about inflation outweighing fears of a potential Iranian strike on Israel. The West Texas Intermediate contract for May delivery saw a loss of 0.86%, dropping to $85.47 a barrel, while the June Brent futures contract fell by 0.55% to $89.97 a barrel. The rise in… Continue reading Oil prices slip as inflation fears haunt the market