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General Electric
Earnings

GE’s 2023 profit forecast weighed down by renewable energy business

January 24, 2023 Mariel Alumit

General Electric on Tuesday reported better-than-expected quarterly earnings on robust demand for its jet engines and power equipment, but offered a disappointing profit forecast for this year as it struggles with persistent problems at its renewable […]

Global Wind Turbine
ENB Pub Note

Is Wind Energy Becoming Too Expensive?

October 16, 2022 Stu Turley

ENB Pub Note: Great article by Felicity Bradstock. Renewable energy also needs to calculate the Grid Factor of Physics. Almost double the additional kWh are required to offset renewables’ intermittent electrical deliverable capabilities. It does […]

GE
Offshore

GE is laying off 20% of its U.S. workforce devoted to onshore wind power, costing hundreds of jobs

October 7, 2022 Mariel Alumit

GE is cutting hundreds of jobs in its onshore wind power group. The move comes as GE faces a trifecta of challenges: Rising input costs, supply chain issues, and competition from the likes of Siemens. […]

General Electric
Renewables

GE blocked from selling huge offshore turbine in US by judge

September 8, 2022 Mariel Alumit

General Electric was blocked by a federal judge in Boston from making or selling its massive Haliade-X offshore wind turbines in the US, dealing a fresh blow to the conglomerate’s struggling renewable energy division. General […]

mobile gas turbines
Energy Crisis

Switzerland buys mobile gas turbines as energy backup for winter – But do they have the gas?

September 4, 2022 Stu Turley

The procurement is the first contract signed under the governing Federal Council’s recent agreement to provide for back-up power plants. This measure will supplement the country’s hydropower reserves, which can be used in a targeted […]

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Crude Oil News

U.S. petroleum product exports set a record high in 2022

March 20, 2023

March 20, 2023 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly Note: HGL=hydrocarbon gas liquids In 2022, the United States set a new record for petroleum product exports, up 7% from 2021, according to […]

Duke
Electrical Generation

Duke Energy Begins Construction on Two New Solar Sites in North Florida

March 20, 2023

Solar projects in Bay and Madison counties add to the company’s growing renewable generation portfolio At peak output, each site will generate enough carbon-free electricity to power nearly 23,000 homes ST. PETERSBURG, Fla., March 17, 2023 […]

Mexico
Crude Oil News

More than 3,000 acres of New Mexico public land being sold for oil and gas amid protests

March 20, 2023

A sale of New Mexico’s public land to the oil and gas industry was expected in May with lands going to auction throughout the Permian Basin in the southeast corner of the state. The auction scheduled […]

Crude Oil News

U.S. raises the offshore rig count ante

March 20, 2023

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States was on the upswing last week with three units added to the mix. The total number of rigs […]

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