Energy

Royal British Shell?

Royal Dutch Shell plans to consolidate its longstanding dual British and Dutch structure and relocate its headquarters to London, a move it said would help facilitate higher returns to shareholders and make it simpler to change up its portfolio of assets in a post Brexit world

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Energy Crisis Ravages Europe and Asia

Supply chain shortages in coal and fuel have extended beyond the COVID-19 pandemic as Europe and Asia struggle to meet demands with soaring prices.Coal and gas prices have continued to soar which has hindered global recovery as Europe has experienced a price increase of gas by 350%. Europe relies on Russia to provide 35% of its gas supply and has stated that it is prepared to provide more gas to Europe, however, they have shown no signs of preparing to do so. European politicians believe that Russia is using the gas shortage to gain approval for the Nord Stream 2 gas pipeline to Germany, which would otherwise not receive approval for months to come

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Hurricane Ida Hits Gas Prices Nationwide

Hurricane Ida struck the gulf coast and Louisiana this Sunday leaving at least one dead and causing significant damage in the region. The hurricane, which is category 4, has left over one million residents without power and is expected to have more long-lasting effects across the country

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Nuclear Energy's Second Act

Several U.S. utility companies are looking to invest in small nuclear reactors in hopes of providing clean energy for cities across the country. Energy Northwest, Utah Associated Municipal Power Systems, and PacifiCorp have all begun research and development of mini nuclear reactors that will offer carbon-free energy to their customers

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Big Oil Struggles to Make Hydrogen a Green Alternative

As the world pushes to become carbon-free, big oil companies are looking to hydrogen energy to be the alternative that will allow for carbon emissions to reach 0% by 2050, unfortunately, there are still several issues that need to be worked out before hydrogen energy can become a reliable source of clean energy

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OPEC Deal Reached

After continuous uncertainty, the OPEC+ nations were finally able to reach a deal about oil production in which Russia and Riyadh capitalized on the United Arab Emirates (UAE) demand for higher quotas

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Hackers Hold East Coast Hostage

On Friday, May 7th a cybersecurity threat managed to force Colonial Pipeline Co. to shut down its 5,500-mile pipeline that carries gasoline and other fuels from the Gulf Coast to the New York Metro Area. The ransomware that is believed to be known as DarkSide was found and immediately called for the response of the company to shut down its pipeline and allow for the Cybersecurity and Infrastructure Security Agency (CISA) to begin investigating

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Going Nuclear

Nuclear energy has been on a decline since the Fukushima power plant meltdowns in 2011, however, recent investors, as well as mining companies, believe that the price of uranium is expected to climb, and as a result mining companies have begun to stockpile the element

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Key OPEC Meeting Set for this Week

03.01.21 - The price of oil has shot up recently after one of its largest slumps during the height of the COVID-19 pandemic. Many are looking ahead to a much-anticipated OPEC production-setting meeting that will take place this week and will help us to understand whether the rally in oil prices will last

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Oil Hitting Record High Amid Weather

02.15.21 - Cold weather in regions across the United States sparked another surge in energy prices and put West Texas Intermediate crude on pace to settle above $60 a barrel for the first time since the early days of the coronavirus pandemic

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Exxon & Chevron Discussed Merger

02.01.21 - The top brass from Exxon Mobil and Chevron apparently spoke recently about a merger between the oil giants. Any potential merger between the two companies could be one of the largest corporate mergers in history.

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ConocoPhillips to Buy Stake In Rival Concho for $9.7 Billion

10.19.20 - ConocoPhillips to Buy Stake in Rival shale producer Concho for $9.7 billion in an all stock deal and what would be the largest U.S. oil deal since the COVID-19 pandemic began roiling global energy markets

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California Canceling Fossil Fuels

09.28.20 - In one of the most ambitious legislative proposals in recent times California’s Governor Gavin Newsom has signed an executive order banning the sale of non-zero emissions vehicle from 2035

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