At the EV Summit 2023 in Oxford, Michael Oates, who leads Tesla’s sales and delivery teams in the U.K., emphasized the significant role that used electric vehicles (EVs) will play in the transition to sustainable transportation. He noted that mass adoption of electric cars is inevitable and that used EVs are pivotal in reaching new… Continue reading Why one Tesla manager thinks used cars are ‘absolutely pivotal’ for EVs

The Danish wind power developer Orsted has canceled two offshore wind projects off the coast of New Jersey and is taking a $4 billion impairment for the first nine months of the year. Additionally, the company has set aside an extra provision of up to $1.55 billion for potential contract cancellation fees, making the total… Continue reading Orsted cancels two New Jersey offshore wind projects, takes $4 billion writedown

Tisdale Clean Energy Corp. (“Tisdale” or the “Company”) (TSX.V:TCEC)(OTC:TCEFF)(FSE:T1KC),is pleased to announce plans to begin exploration at its South Falcon East Uranium Project which hosts the Fraser Lakes B uranium deposit.  The south Falcon East Project lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake uranium… Continue reading Tisdale Clean Energy Plans Exploration Program at South Falcon East Uranium Project, Athabasca Basin, Saskatchewan

The World Bank has issued a warning that escalating tensions in the Israel-Hamas conflict could lead to record-high oil prices, potentially reaching $157 per barrel. In its Commodity Markets Outlook report, the World Bank highlighted the potential impact of a large disruption scenario akin to the Arab oil embargo of 1973. Such a disruption could… Continue reading Oil could soar to record high of $150 if Israel-Hamas war escalates further, World Bank says

BP, the British energy giant, reported a steep year-on-year fall in profits for the third quarter, missing analyst estimates. The company’s underlying replacement cost profit, used as a proxy for net profit, was $3.293 billion, down from $8.15 billion in the same period the previous year but an increase from the $2.59 billion profit recorded… Continue reading BP shares down 4% after third-quarter profit plummet

TULSA, OK and HUTCHINSON, KS / ACCESSWIRE / October 30, 2023 /Jericho Energy Ventures Inc. (TSXV:JEV)(OTC:JROOF)(FRA:JLM) (“Jericho”, “JEV” or the “Company”) is pleased to announce that it has signed a Memorandum of Understanding (the “MOU”) with Hutchinson, Kansas-based Superior Boiler for the manufacturing of the breakthrough, award-winning, zero-emission DCC™ hydrogen- fueled boiler, developed by JEV’s… Continue reading Jericho Energy Ventures Teams Up with Superior Boiler to Produce Zero-Emission DCC(TM) Hydrogen Boilers in the U.S.

The article discusses how the ongoing Israel-Hamas conflict has the potential to impact global growth if it spreads to the wider Middle East region. Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO), expressed concern in an interview with CNBC. She pointed out that the Middle East is a significant source of the world’s… Continue reading WTO chief warns Israel-Hamas war could hurt global growth if conflict spills over

Jim Rowan, the CEO of Volvo Cars, expressed optimism about the long-term potential of electric motors but appeared more cautious about solid-state batteries, a technology that has generated significant hype for its potential to transform electric vehicles (EVs). Rowan noted that electric motors have seen “massive improvements” but suggested that solid-state batteries are still some… Continue reading Volvo Cars CEO strikes cautious tone on solid-state battery technology

The article discusses the recent acquisitions by energy giants Chevron and Exxon Mobil and the potential for more multibillion-dollar megadeals in the oil and gas industry. Here are the key points: 1. Recent Acquisitions: 2. Different Strategic Approaches: 3. Investment Wave in Fossil Fuels: 4. Confidence in Oil Industry: 5. Belief in Strong Crude Oil… Continue reading Chevron and Exxon’s latest buys usher in a new era of oil megamergers

Shell is set to cut 200 positions within its low-carbon solutions unit in 2024 as part of a broader overhaul by CEO Wael Sawan, who is pushing for the company’s transition to clean energy. These changes align with Shell’s commitment to become a “net-zero emissions energy business” by 2050. While some of the affected jobs… Continue reading Shell will cut 200 jobs in clean energy division

Siemens Energy saw its shares plummet by over 30% as the company sought guarantees from the German government. This move comes after Siemens Energy canceled its profit forecast earlier in the year, citing a significant increase in the failure rates of wind turbine components at its wind division Siemens Gamesa. The company expressed the need… Continue reading Siemens Energy shares slide 30% after company seeks support from German government

The upcoming U.N. Climate Change Conference (COP28) has put the spotlight on various technologies and innovations to combat climate change, including carbon capture. During the ADIPEC oil and gas conference, energy technology firm Baker Hughes CEO Lorenzo Simonelli discussed the scalability of carbon capture, emphasizing its growth and potential. Carbon capture, utilization, and storage (CCUS)… Continue reading From Bill Gates to the pope, talk of carbon capture and its efficacy is dividing society