Massive energy shift as this nation shuts down nuclear plants powering 1 in 5 homes

Photo: freepik Spain is taking a significant step toward sustainable energy by shutting down all of its nuclear reactors, according to a Bloomberg report from April. The seven nuclear reactors the nation intends to shut down during the next 10 years provide 20% of its electricity. Wind turbines, massive batteries, and solar panels are being accelerated over the course…

Marine offshore platform gets 100-panel solar boost to reduce CO2 emissions by 90%

Photo: Freepik Solar equipment provider JCE Energy and offshore engineering firm Aquaterra Energy have successfully delivered a fully solar-powered, autonomous offshore platform for a supermajor’s Sea Swift production facility off the coast of Angola. The USD 2 million unmanned structure, built for efficiency, sustainability, and minimal environmental impact, is reportedly the first autonomous offshore platform…

Strathcona Resources makes C$5.9B takeover offer for MEG Energy

Photo: freepik Strathcona Resources (OTCPK:STHRF) said late Thursday it plans to launch a takeover bid for Canadian oil and gas producing peer MEG Energy (OTCPK:MEGEF) that values the company at ~C$5.9B (US$4.25B), in a deal that would create the country’s fifth-largest oil producer. Strathcona (OTCPK:STHRF) offered to buy all MEG Energy’s (OTCPK:MEGEF) issued and outstanding common stock…

I Squared, Enbridge and MPLX to buy majority stake in Matterhorn natural gas pipeline

Photo: freepik Infrastructure investment firm I Squared, Enbridge (ENB) and MPLX (MPLX) said late Tuesday they agreed to acquire equity interests in the Matterhorn Express Pipeline from Devon Energy (NYSE:DVN) and private equity firm Ridgemont Equity Partners; deal terms were not disclosed but speculation had said a deal could value Matterhorn at more than $5B including debt.…

U.S. oil production has likely peaked and will start to decline due to price plunge, Diamondback CEO warns

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…

Engineers build record-breaking wind turbine with material no one saw coming: ‘It’s not difficult to envision’

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…