In this article ENR-DE RWE-DE No-Mad | iStock | Getty Images German power firm RWE has signed an agreement with Neptune Energy to develop a green hydrogen demonstration project in the Dutch North Sea, targeting an electrolyzer capacity of 300 to 500 megawatts. In a statement Tuesday, the firms said the H2opZee project would be
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Employees arrive at ConocoPhillips headquarters in Houston, Texas. F. Carter Smith | Bloomberg | Getty Images Oil and gas major ConocoPhillips is in the bitcoin mining fuel business. The company said in a statement to CNBC on Tuesday that it has one bitcoin pilot project currently operating in the Bakken, a region in North Dakota
A bulldozer pushes coal onto a conveyor belt at the Jiangyou Power Station on January 28, 2022 in Jiangyou, Mianyang City, Sichuan Province of China. Liu Zhongjun | China News Service | Getty Images LONDON — Banks and investors have channeled massive sums of money to support the coal industry in recent years, according to
Bernard Looney, chief executive officer of BP Plc, gestures while speaking during a news conference in London, U.K., on Wednesday, Feb. 12, 2020. Bloomberg | Getty Images Oil and gas giant BP said Monday that mounting risks of a Russian invasion of Ukraine are having no impact on its operations within the major energy-producing nation.
A worker in an oil field developed by Almetyevneft, an oil and gas production board (NGDU) of Tatneft. Yegor Aleyev | TASS | Getty Images Energy ministers representing Egypt and Cyprus on Monday said they were deeply concerned about the potential for oil prices to climb above $100 a barrel. It comes at a time
Brent Whitehead and Matt Lohstroh at the Texas A&M versus Alabama football game. Matt Lohstroh HOUSTON — When Brent Whitehead and Matt Lohstroh were sophomores at Texas A&M University, they decided to get into the business of mining bitcoin on the oil fields of East Texas. The year was 2019, and at the time, the
In this article SPWR TTE-FR Construction workers install SunPower tiles on homes in San Ramon, Calif. Robert Nickelsberg | Getty Images TotalEnergies is buying SunPower‘s commercial and industrial business, the two companies announced Wednesday evening. The $250 million deal includes $190 million cash up front, plus another $60 million to be paid if an extension
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices jumped in afternoon trading Friday amid escalating tensions between Ukraine and Russia, with the U.K. advising British nationals to leave Ukraine immediately. A Downing Street spokesperson also
Nuclear fusion powers the Sun. Pierre Longnus | The Image Bank | Getty Images Researchers working on a project centered around fusion energy — the process that powers stars — have hailed “record-breaking” results produced by a landmark experiment in the U.K. Engineers and scientists from the EUROfusion consortium were able to produce 59 megajoules of heat energy from fusion across a
In this article GM GM’s 60-second Super Bowl ad stars actor and comedian Mike Myers reclaiming his role as Dr. Evil from the spy comedy trilogy “Austin Powers” that debuted from 1997 to 2002. It also features Dr. Evil’s sidekicks played by Rob Lowe, Seth Green and Mindy Sterling. GM DETROIT – General Motors will
This photograph taken on May 28, 2021 shows the new TotalEnergies logo during its unveling ceremony, at La Defense on the outskirts of Paris. CHRISTOPHE ARCHAMBAULT | AFP | Getty Images French oil major TotalEnergies on Thursday reported a sharp upswing in full-year profit, boosted by a huge rebound in commodity prices. The oil and
Left: A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. Right: An April 16, 2012 solar eruption is captured by NASA’s Solar Dynamics Observatory. SpaceX / NASA The sun has been hibernating – but it’s waking up, and the next few years may see more satellites damaged or destroyed by
An armored personnel carrier is seen during tactical exercises, conducted by the Ukrainian National Guard, in the abandoned city of Pripyat near the Chernobyl Nuclear Power Plant in Ukraine on February 4, 2022. Gleb Garanich | Reuters Oil will “certainly” hit $120 a barrel and the global economy will be “radically altered” if Russia invades
Russian President Vladimir Putin will have to pay the price if he were to “weaponize” gas supplies to Europe as Russia-Ukraine tensions rise, says energy expert Dan Yergin. As such, the more likely scenario is that gas supplies could be disrupted because of violence in the region, rather than as a result of being weaponized,
Servicemen of Russia’s Eastern Military District units attend a welcoming ceremony as they arrive at unfamiliar training ranges in Belarus combining their own means of transport with travelling by train, to take part in a joint military exercise held by the Union State of Russia and Belarus and aiming to simulate repelling an external attack
WASHINGTON – President Joe Biden and German Chancellor Olaf Scholz had an awkward exchange with a reporter Monday at the White House over the future of the Nord Stream 2 gas pipeline. The discord at a press conference during Scholz’s first visit to the White House was brief and civil. But it also represented a