A slowdown in the growth of electric vehicle (EV) demand has led to entire mines being shut down as the supply of rare earth minerals essential for EV components exceeds demand, according to The Wall […]
As the largest oil producer in the world, the health of the U.S. oil industry has a major impact on global oil markets. Despite technological gains and increased production, challenges like economic slowdowns and equipment […]
Toyota’s hybrid vehicles and investment in solid-state batteries pose a significant challenge to Tesla’s market dominance in electric vehicles. Despite Tesla’s high valuation and innovation, Toyota’s cheaper stock price and potential in hybrid and solid-state […]
Attacks on Red Sea shipping from Yemen’s Iran-backed Houthis escalated overnight when missiles hit a commercial vessel and forced the crew to evacuate. There are also reports a US drone was knocked out of the […]
President Biden announced a temporary pause on LNG exports to address climate change concerns and assess domestic energy needs. The decision could impact pending LNG projects, raise energy prices, and spark political debates. Critics argue […]
(WO) – Amidst shifting market dynamics, the oil and gas industry faced a significant quarter-on-quarter (QoQ) decline of 16% in disclosed contract volume from 1,401 in Q3 2023 to 1,172 in Q4 2023. Despite this […]
(WO) –Morgan E&P, LLC, a wholly-owned subsidiary of Equus, has completed its first two wells in Billings County, North Dakota, the Baranko 1-28H and the Obrigewitch 1-33H. Morgan received its drilling permits from the North […]
Fervo Energy is getting a lot better at drilling holes. According to data presented this week at Stanford University, it took the company 71 days to drill a geothermal well back in 2022. But last […]
US LNG exporter Venture Global LNG has requested more time from the US FERC to complete the commissioning of its Calcasieu Pass LNG export terminal in Louisiana. Calcasieu Pass produced its first LNG on January 19, 2022, […]
Big boxes of steel, iron, and mineral oil. That’s how John Gajda, a long-time utility engineer and professor at North Carolina State University, describes the power transformers Siemens Energy plans to build in Charlotte. […]
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