Exxonmobil Warns Of $30bn Writedown Of Shale Assets Amid Energy Price Slump | Business
Announcement follows record quarterly loss of $680m, its third quarterly deficit in a rowExxonMobil has warned it may write down the value of its US shale assets by up to $30bn (PS23.2bn) following a steep drop in global energy prices that has led to the oil giant's third consecutive quarterly loss.The US oil and gas producer told investors it plans to reassess its North America gas business over the coming months, which could lead to impairment charges as high as $25bn to $30bn if it changes its long-term strategy. Continue reading...
4 Big Challenges Facing Ferc's Plan To Open Up Power Markets To Distributed Energy
Last month, the Federal Energy Regulatory Commission approved Order 2222, a groundbreaking effort to open up U.S. wholesale energy markets to aggregated solar systems, smart inverters, batteries, electric vehicles, smart appliances, grid-responsive building controls and other distributed energy resources (DERs). But ordering the country's transmission grid operators to comply with FERC Order 2222 doesn't mean those multibillion-dollar markets are open to the hundreds of gigawatts' worth of DERs coming onto U.S. power grids -- at least, not yet.
Shale Markets, Llc / The Role Of Oil And Gas Industry In Energy Transition
By Adrijana Buljan The oil and gas sector is joining the energy transition, with net-zero pledges from the big oil and gas names already widely familiar. While its move towards the fully green and clean side of things is being done slowly and safely, the industry has encountered a push or two from the circumstances...
Apex-brasil To Showcase Investment Opportunities In Brazil's Energy Sector During Virtual Event
BRASILIA, Brazil, Oct. 27, 2020 /PRNewswire/ -- Tomorrow Apex-Brasil, the Brazilian Trade and Investment Promotion Agency, in partnership with the National Electrical Energy Agency (ANEEL), is hosting a virtual event to highlight key investment opportunities in Brazil's energy sector....
Next-generation Fuels: How Hydrogen Is Changing Renewable Energy Investment Landscape - Businessday Ng
Hydrogen has held the attention of countries and energy investors who see investment opportunities and this has been forecasted to provide a significant boost for renewable energy, the scaling of which lowers hydrogen production costs further. To date, of the 70 million metric tonnes of hydrogen produced globally per year, only 4 percent is generated [...]
States, Private Investments Offer Quick Path To Electrifying Underserved Communities - Businessday Ng
Nigeria's electricity market does not guarantee commercial returns because power is priced below the cost of production. Therefore market operators do not get the full value of their invoices.the grid is fragile and susceptible to collapse so over 80million Nigerians lack access to power, hence the recourse to alternative sources of energy is a necessity. [...]
Shale Markets, Llc / Offshore Wind In The Uk - Roadmap Required
By OffshoreWIND The following article is a guest post by Maren Strandevold, an energy lawyer and an associate at the international commercial law firm Haynes and Boone. In response to the recent offshore wind announcement by the UK's Prime Minister, Maren Strandevold discusses the need for adequate funding allocated in the correct areas, a streamlined...
M&g's Araujo 'not Ready To Give Up On Airport Infrastructure' Despite Sell-off
M&G Investments' Alex Araujo has said he is "not ready to give up on airport infrastructure" yet, despite having reduced his exposure to the sector during March's market sell-off.
How The Virus Slowed The Booming Wind Energy Business - The New York Times
Renewable energy developers have struggled to finish projects as the pandemic disrupts construction and global supply chains. : Renewable energy developers have struggled to finish projects as the pandemic disrupts construction and global supply chains. The coronavirus pandemic has delayed deliveries and disrupted construction of a wind project being built in Nebraska by EDF, a French energy company.Credit... Even as businesses around the world shut down this spring, executives at EDF Renewables were hopeful they would finish installing 99 wind turbines in southern Nebraska before a year-end deadline.
Singapore To Pilot Floating Energy Storage System, Invest $36M In Low-carbon Research | Zdnet
Government sets aside SG$49 million ($36.05 million) to support R&D efforts in low-carbon energy technologies such as hydrogen, and kicks off an initiative to pilot a lithium-ion battery energy storage system on a "floating" lab.