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Energy / Energy-General

Saudi Arabia Eyes Chipmakers for Diversification

Jun 06, 2024 at 15:54 | Charles Kennedy

Saudi Arabia is taking its economic diversification seriously. With oil prices increasingly unpredictable and disconnected from its energy policies, the Kingdom is looking for fresh growth opportunities elsewhere—including in semiconductors.…

A Cleantech Boom Is Underway

Jun 06, 2024 at 08:25 | Felicity Bradstock

There has been increasing interest and therefore greater investment in clean tech in recent years, as the U.S. strives to undergo a green transition. The Biden administration has pumped a…

Nigeria Looks to Lithium as Its Oil Industry Struggles

Jun 06, 2024 at 06:32 | Felicity Bradstock

As Nigeria’s oil reserves begin to dwindle after decades of drilling for crude, the West African country is shifting its attention to another valuable resource – lithium. There is a…

Commodity Stocks Poised for Further Gains

Jun 06, 2024 at 06:07 | ZeroHedge

By Farah Elbahrawy, Bloomberg markets live reporter and strategist Outperforming mining and energy stocks are set for further gains as a constructive backdrop for commodity prices and demand is set…

Can Aramco Win Over Western Investors Yet?

Jun 05, 2024 at 09:21 | Irina Slav

Last week, Saudi Arabia’s energy behemoth Aramco announced a secondary offering of shares that was estimated to bring in up to $13 billion. The offering represented 0.64% of the company’s…

Rising Star Octopus Energy Signs Energy Storage Deal

Jun 05, 2024 at 08:11 | City A.M

Gresham House Energy Storage Fund has announced a landmark agreement with Octopus Energy, one of the UK’s largest and fastest-growing energy suppliers. The energy storage fund owns a…

Centrica Shares Soar as Stability Returns to UK Energy Market

Jun 05, 2024 at 07:46 | City A.M

Centrica said today its plan to get the retail supply business back to a “sustainable” level of profit is two years ahead of schedule.

Heat-Resistant Aluminum Alloys: A Breakthrough in Aerospace Engineering

Jun 05, 2024 at 07:36 | Metal Miner

Via Metal Miner   Chinese scientists recently announced the development of a technique to significantly enhance the heat resistance of aluminum alloys. The…

European Battery Manufacturer Pauses Development As EV Demand Cools

Jun 05, 2024 at 07:33 | ZeroHedge

Troubling news for the electric vehicle market emerged from Europe on Tuesday. The first was the collapse of Porsche Taycan prices, and second, a battery plant owned by…

Saudi Aramco’s $12 Billion Share Sale Quickly Sells Out, but Who is Buying?

Jun 04, 2024 at 15:36 | Alex Kimani

Last week, Saudi Arabia’s energy giant Saudi Aramco (ARMCO) confirmed in a filing with the Saudi Exchange plans to sell shares in the state-owned oil company to help the kingdom…

Occidental Joins Berkshire In New Lithium JV

Jun 04, 2024 at 11:58 | Julianne Geiger

Occidental Petroleum has entered into a joint venture with Berkshire Hathaway’s BHE Renewables in a tie-up to extract and produce lithium compounds, Occidental said in a news release on Tuesday.…

Chinese Money Managers Eye Middle East Oil Wealth

Jun 04, 2024 at 09:37 | Tsvetana Paraskova

China’s sovereign wealth fund and a number of banks and hedge funds have boosted their presence in the Middle East, aiming to get a larger slice of the oil-wealth pie…

Why Oil Markets Reacted Negatively to the OPEC+ Announcement

Jun 04, 2024 at 09:03 | Irina Slav

On Sunday, the Organisation of Petroleum Exporting Countries and their partners in OPEC+ agreed to extend a set of production cuts first announced last year. The duration of that extension,…

Can London Become a Global Leader in Sustainable Finance?

Jun 04, 2024 at 07:34 | City A.M

Investing in the green transition, in the companies based in the Square Mile, is good for the climate fight and for our own economic development, says Chris Hayward…

Can Turkmenistan's Energy Exports Buy Influence in Beijing?

Jun 04, 2024 at 07:27 | Eurasianet

Turkmenistan occupies a unique position in Central Asia as the lone state in the region enjoying a trade surplus with China. Nevertheless, Beijing’s diplomatic signals suggest that Turkmenistan…

Oil Prices Fall as Bearish Sentiment Builds

Jun 04, 2024 at 05:58 | Michael Kern

Oil prices are under pressure as bearish sentiment builds due to OPEC+ underwhelming the market with its commitment to extend its voluntary cuts to Q3 2024 and its base cuts…

How Skyscrapers Could Be Our Answer to Energy Storage

Jun 03, 2024 at 16:12 | Alex Kimani

The U.S. battery storage sector has been growing rapidly since 2021, with storage capacity projected to increase by almost 90% by the end of 2024. According to the U.S.…

The AI Boom Has Sparked M&A Opportunities in the Clean Energy Space

Jun 03, 2024 at 09:08 | Irina Slav

Artificial intelligence is the talk of the town. Fans are promoting it as a way to achieve a swifter energy. Skeptics are pointing out its massive electricity demand. And some…

Global Investment Surges in Green Ammonia Research and Development

Jun 03, 2024 at 07:06 | Felicity Bradstock

Green ammonia is gaining in popularity as an alternative renewable energy source that can be used in fertilisers, as well as potentially for industry and shipping. An increase in the…

Europe's Net-Zero Ambitions Face Reality Check

Jun 03, 2024 at 06:52 | Rystad Energy

The European Union (EU) is set to fall far behind its ambitious energy transition targets for renewable energy, clean technology capacity and domestic supply chain investments, according to…

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