A week ago, renewables utility company NextEra Energy (NYSE:NEE) delivered a healthy third-quarter earnings report. During the third quarter earnings call, CEO John Ketchum told investors that the company is currently evaluating the possibility of reopening its Duane Arnold nuclear power plant in Iowa amid growing interest from data center companies. ...
ConocoPhillips (NYSE: COP) is raising its ordinary dividend and share buyback program as its third-quarter earnings beat market expectations on the back of higher total oil and gas production and record output in the U.S. shale patch. The U.S. oil and gas producer reported on Thursday adjusted earnings per share of $1.78 for the third quarter, down...
Hydropower is, along with nuclear, the best of both worlds in terms of electricity. It is a zero-emission source of energy, and its output can be adjusted in response to demand—a dispatchable source. The problem? It depends on the weather, and because of this dependence, hydropower managed to drag the total share of low-emission power generation down...
U.S oil and gas prices have taken divergent trajectories, with oil prices rebounding while natural gas prices have continued to fall in Thursday’s session. Oil and gas prices crashed on Monday, with benchmark crude oil futures falling to their biggest one-day decline in more than two years after Israel launched limited attacks on Iran that disappointed...
The U.S. LNG export industry has recently hit several stumbling blocks. And who will be America’s president in the next four years may not even be the biggest. Litigation at court from environmental groups, a contractor bankruptcy, and President Joe Biden’s permit pause have combined to increase uncertainty for U.S. LNG project developers and exporters...
Rosneft plans to resume crude processing at its Tuapse oil refinery on Russia’s Black Sea coast in November, after idling it for a month because of poor refining margins, industry sources told Reuters on Thursday. The export-oriented refinery has halted crude processing since October 1 because of low refining margins, industry sources told Reuters in...