photo: freepik Diamondback Energy expects U.S. oil production to peak and then decline this year due to low prices. CEO Travis Stice warned that falling production threatens jobs, GDP growth, the nation’s trade balance and U.S. energy security U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge…
Photo: Freepik Modvion is building on the success of its record-breaking wood-based wind turbine tower built in 2023 by raising the bar another 16 meters. The Sweden-based company has received design certification for its tallest engineered-wood tower to date, measuring 119 meters tall, according to IEEE Spectrum. It was designed to support a 6.4-megawatt turbine from Danish company Vestas, although…
photo: freepik A Devon council has been awarded more than £760,000 of funding to deliver energy efficiency improvements to some of its buildings. North Devon Council said £762,065 from the government’s Public Sector Decarbonisation Scheme would be used to improve Ilfracombe’s Landmark Theatre and the Brynsworthy Environment Centre in Fremington. Improvements funded by the grant…
photo: freepik There’s a pincer movement on offshore energy installations around Scotland’s coast – on one side from the rapid development of drones, from the other, their growing use in hostilities. As Ukrainians know well, the threat comes from the air. But it can also be afloat, with underwater sabotage a major new theatre of…
photo: freepik A water firm is using technology worth £20m for the first time in the UK to pump ozone gas into a river to reduce pollutants. Severn Trent Water is using the process on waste water to clean up the River Teme in Ludlow, Shropshire. It aims to reduce bacteria, micro pollutants and medications…
photo: Freepik NEW YORK (AP) — Stocks slipped in in mixed trading trading on Wall Street Monday and oil prices fell to a four-year low as the OPEC+ group announced plans to increase output. The S&P 500 fell 0.2%. The benchmark index is coming off of its ninth straight gain. The Dow Jones Industrial Average…
photo: Freepik A new study has revealed that electric vehicles could save money for 80% of drivers, with motorists saving on average close to $8,000. As reported by Fleet World, research conducted by New AutoMotive and published by Electric Vehicles UK assessed around 480 scenarios and found that owning an EV can save most people around £5,850 (close to $8,000).…
Foto: Freepik Amid rising trade tensions, several Asian nations are stepping up energy purchases from the U.S. in hopes of easing tariff pressure under President Donald Trump’s new import duties Many countries across Asia have significant trade surpluses with Washington and rely heavily on energy imports As U.S. tariffs disrupt global markets, some governments are…
Foto: ¡Stock It’s becoming clear to the investment world that the industry is becoming less reliable. Oil and gas company PBF Energy has had its stock target price downgraded by several investment firms, according to Defense World. As of April 2, Mizuho Financial Group cut its target for PBF Energy stock from $28 to $22.…
