Earnings for Big Oil Backpedal as Natural Gas Prices Tumble

Natural gas earnings are down in the first quarter of 2024.

U.S. and European oil companies reported natural gas was weaker first-quarter results due to a significant price drop. This decline follows record profits in 2022 driven by post-pandemic demand and price spikes after Russia invades Ukraine. In the U.S., Exxon Mobil missed earnings targets, while Chevron exceeded expectations with strong U.S. oil production. French oil…

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White House Unveils Plan to Accelerate Power Grid Expansion

Transmission power lines

The Department of Energy created a one-stop shop for federal permitting, helping transmission developers avoid the lengthy patchwork of regulatory approvals that have traditionally slowed many major power grid projects. The new program makes the department the lead agency in permitting and finalizes a yearslong, multi-administration effort to coordinate the work of at least nine…

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United Kingdom Energy Company Taps Niche in Offshore Wind

Floating wind turbines in the ocean.

British renewable energy supplier Octopus Energy is eyeing a new and relatively untapped slice of the U.S. offshore energy wind market, with the company set to invest in a California-based startup focused on floating wind turbines. Octopus will be investing between $10 million and $30 million in Ocergy, a producer of offshore energy wind-turbine foundations, as it…

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Least Popular of the European Union’s Climate Policies

Europeans are not fond of the climate policies that their gasoline and diesel-powered cars could soon be banned for electric cars

A new survey has found that Europeans are not fond of the climate policies that their gasoline and diesel-powered cars could soon be banned. The survey was conducted among 15,000 people residing in countries including Germany, France, and Poland. The survey found that the ban on internal combustion engine cars is the least popular of…

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National Innovation Summit Shines on HBCU Students

Jordan Washington, a Thurgood Marshall College Fund scholar, an impressive pitch at the 2022 Chevron Energy Innovation Summit landed him a summer internship.

Getting discovered doesn’t just happen in Hollywood. Just ask Jordan Washington, a senior biological engineering student at North Carolina Agricultural and Technical State University (NCA&T). During the competition, Washington and other select students across the country were challenged with a renewable energy case study. On the final day, they pitched design and business solutions to…

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Top 17 Energy Unicorns in 2024

energy unicorn companies private equity venture capital

The Energy industry is filled with a plethora of successful companies. These successful energy companies have raised millions of dollars in VC funding. With that funding coming from some of the top investors in the world. Many of these energy company successes have turned into energy unicorns — and private companies worth over $1 billion.…

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