Shell Earnings Rose on Higher Energy Prices; Launches $3.5 Bln Buyback

Shell’s third-quarter earnings rose on higher refining margins, oil prices and gas and oil sales, while it launched a $3.5 billion share buyback program. The energy giant on Thursday reported adjusted earnings of $6.22 billion for the quarter, up from $5.07 billion in the preceding quarter, but a slight miss to market expectations of $6.25 … Read more

Origin Energy shareholder rejects fresh Brookfield $10.5 bln bid, shares fall

Miniatures of windmill, solar panel and electric pole are seen in front of Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoBrookfield bid was final in absence of a rival offer AustralianSuper said in a statement the consortium’s A$9.53 per share offer, an 8% increase over the previous A$8.81 apiece bid, … Read more

Major wind energy developer scraps two major offshore projects

It added fresh uncertainty to an industry seen by supporters as a way to help end the burning of planet-warming fossil fuels, but derided by opponents as inherently unworkable without massive financial subsidies. The Danish company said Tuesday night it is scrapping its Ocean Wind I and II projects off the coast of southern New … Read more

EU, US, COP28 hosts rally support for global deal to triple renewable energy, documents show

The countries are working to recruit others to sign the pledge ahead of this year’s annual U.N climate negotiations, which take place from Nov. 30 to Dec. 12 in Dubai, with a likely launch event at a gathering of world leaders at the start of the summit, a U.S. State Department spokesperson told Reuters. “We … Read more

Business group estimates several hundred thousand clean energy jobs in EV, battery storage and solar

FILE – Nicholas Hartnett, owner of Pure Power Solar, carries a panel as he and Brian Hoeppner, right, install a solar array on the roof of a home in Frankfort, Ky., July 17, 2023. A business group that advocates for clean energy says at least $86 billion in investments have been announced, with the biggest … Read more

Chesapeake Energy tops profit estimates as costs ease

© Reuters. Chesapeake Energy logo is seen on smartphone in front of displayed stock graph in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) -Chesapeake Energy beat Wall Street estimates for third-quarter profit on Tuesday, as lower overall costs helped offset the impact of fallingThe company’s production expenses fell to 23 cents per thousand … Read more

In a first, MIT trains students to resolve clean energy conflicts

Leyla Uysal, a design school student from Harvard University with an urban planning background, center, speaks during a course concerning the conflicts that arise in the siting process of renewable energy projects, at the Massachusetts Institute of Technology, Friday, Sept. 15, 2023, in Cambridge, Mass. Mike Giovanniello, left, and Kailin Graham listen to the discussion.”It’s … Read more

3 energy companies compete to build a new nuclear reactor in the Czech Republic

FILE – A man fishes with the towering Dukovany nuclear power plant in the background, in Dukovany, Czech Republic, Sept. 27, 2011. On Tuesday Oct. 31, 2023, three energy companies including U.S. Westinghouse, France’s EdF and Korea’s KHNP, have submitted their final bids to build the Czech Republic’s newest reactor at the Dukovany nuclear power … Read more

The Free Market Can Lead the Energy Transition. I’m Running the NYC Marathon to Prove It.

About the author: Katie Mehnert is CEO and founder of ALLY Energy, an ambassador to the U.S. Department of Energy’s Equity in Energy Initiative, and a member of the National Petroleum Council. New forms of energy are becoming more widely adopted. There’s a great deal of international competition in these industries. For the U.S. to … Read more

Willie Nelson looks back on 7 decades of songwriting in new book ‘Energy Follows Thought’

FILE – Willie Nelson performs at the Producers & Engineers Wing 12th Annual GRAMMY Week Celebration in Los Angeles on Feb. 6, 2019. The country legend’s new book, “Energy Follows Thought,” gives the stories behind his most famous songs. (Photo by Richard Shotwell/Invision/AP, File)FILE – This Nov. 20, 2012 file photo shows country music legend … Read more