Aramco maintained its payout to the Saudi government and investors at $29.4 billion, helping state finances amid a widening budget deficit. The world’s biggest crude oil exporter maintained the payout at the preceding quarter’s level despite […]
The Republic of Korea’s $750 billion National Pension Service, the third largest pension fund in the world, has acquired a minority stake in U.S.-based private-equity real estate investment company Stockbridge Capital Group LLC. Financial terms […]
A turbine the size of a regular office desk could soon power 10,000 households, as per a press release from the Southwest Research Institute (SwRI), which has set up a pilot plant in San Antonio, Texas. Called […]
Norway’s Havfram has discontinued its business unit dedicated to early-phase development of offshore wind farms, Kontiki Winds. The news came hot on the heels of Havfram’s announcement of collaboration ending with RWE and NTE on the bid […]
Buyers looking to get a bargain on a new car might want to consider an electric vehicle. As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear […]
Google’s ambitious dive into the world of electric transportation faced an unexpected roadblock… or rather, a hill. According to World Peace Exclusive, the tech’s lauded “100% Electric Bus” took on San Francisco’s iconic hilly terrain, […]
Stellantis plans to produce an industry-first pickup for its Ram Trucks brand that’s equipped with an onboard gas engine and electric generator. The truck can operate as a zero-emissions EV until the vehicle’s battery dies […]
November 7, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) We forecast that the United States will generate 14% more electricity from solar energy than from hydroelectric facilities in 2024, according to […]
Newmont Corp. (NYSE: NEM) plans to raise $2 billion in cash through mine sales and project divestments following the acquisition of Australia’s Newcrest Mining. The approximately $15 billion deal was completed on Monday. The acquisition […]
Iran has urged OPEC members to halt oil exports to countries supporting Israel, echoing the 1973 oil embargo, which dramatically increased oil prices and altered global economies. The call for an embargo is a response […]
Copyright © 2025 | Sandstone Group