Straddling the border between Brazil and Paraguay, Itaipu commenced electricity production in 1984. The technological upgrades being planned for the site are set to take 14 years. Tifonimages | Istock...
Tag: Energy
Buffett loads more of Oxy stock increasing his stake in energy company to 14%
Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) bought more shares of Occidental Petroleum (NYSE: OXY) stock this week. In total, Berkshire Hathaway bought 5.9 million shares worth roughly a total o...
Uzbekistan Enables Companies to Mine Bitcoin Using Solar Energy (Report)
The government of Uzbekistan will reportedly allow local firms to mine digital assets using solar energy. It will also exempt all crypto mining operators from paying income tax. Uzbekistan Urges for U...
Uzbekistan Legalizes Crypto Mining – but Only if Powered by Solar Energy
Uzbekistan has legalized cryptocurrency mining and made it tax-free – but only if it is powered by the sun. A presidential order was issued this week to permit both foreign and local cryptocurrency mi...
Volkswagen to prolong coal-fired power as Russia concerns continue
Covering an area of 6.5 million square meters, VW’s huge manufacturing facility in Wolfsburg uses two cogeneration plants that provide it with heat and power. Krisztian Bocsi | Bloomberg | Getty...
Widjaja Family’s Golden Energy And Resources Completes $1.2 Billion Acquisition Of BHP’s Australian Coal Mines
Coal from a mine is stacked at Hay Point, Queensland, Australia. Fairfax Media via Getty Images via Getty Images Golden Energy and Resources—controlled by the Widjaja family—has completed its acquisit...
Plug Power CEO total 2021 compensation nearly quadruples to more than $52 million
Plug Power Inc.’s long-time Chief Executive Andrew Marsh recorded total compensation of more than $52 million in 2021, a year after the fuel-cell systems company’s losses widened sevenfold but the sto...
Best Energy Stocks To Buy In May
Key Insights WTI oil stabilized above the $100 level as traders wait for EU sanctions on Russian oil. Exxon Mobil and Chevron are valued at 11 – 12 forward P/E. Analyst estimates keep moving higher,...
Why people moving out of big cities are seeing the most inflation
Some of the hottest pandemic-migration destinations also happen to be home to the hottest regional inflation rates. The relationship between migration and inflation has strengthened significantly as m...
Lake Powell Glen Canyon Dam water release delayed due to drought
Water levels are at a historic low at Lake Powell on April 5, 2022 in Page, Arizona. Rj Sangosti| Medianews Group | The Denver Post via Getty Images The federal government on Tuesday announced it will...
Natural gas surges 9% to highest level since 2008 as Russia’s war roils energy markets
A liquefied natural gas tanker berth in Japan, on Dec. 17, 2021. Should Japan ever exit the Sakhalin energy projects in Russia and their stakes were acquired by Russia or a third country, this would w...
OTC Is Back In Earnest, The Surest Sign Of A Renewed Energy Industry
Visitors to the annual Offshore Technology Conference in Houston walk through the exhibits … [+] Wednesday, May 4, 2011. More than 65,000 people and 2,000 exhibitors representing more than 110 c...
Optimizing The Materials And Energy Of Tomorrow
This year’s Forbes Under 30 Europe list for Manufacturing & Industry features young people who are innovating in surprising ways. By Helen Popkin, Igor Bosilkovski and Alex Knapp The Covid pandemi...
Ambani, Adani in India’s green hydrogen rush but hurdles remain
Hydrogen packs a lot more punch than lithium-based batteries. India’s federal minister Nitin Gadkari (second from left) seen here launching the country’s first green hydrogen-based advance...
Devon Energy Q1 results: ‘this trade has legs for foreseeable future’
Devon Energy Corp (NYSE: DVN) on Monday said its revenue came in shy of Street estimates in the fiscal first quarter. Shares still jumped 3.0% after-hours on better-than-expected earnings. Notable fig...
Berkshire Hathaway May Have Sold Verizon, Bought $10 Billion of Financials
Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hatha...
Devon Energy, Diamondback Earnings Soar; Shale Oil Stocks Hike Payouts, Not Production
Devon Energy and Diamondback Energy (FANG) posted better-than-expected first-quarter earnings after the close Monday. Oil prices held above $100 a barrel, while natural gas prices are near their highe...
50% of market is in a bubble, Dan Suzuki warns as Fed gets ready to meet
The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.”...
Chegg, Clorox, Devon Energy and more
Check out the companies making headlines after hours. Chegg — Shares tumbled nearly 30% after the textbook company reported weak full-year guidance despite exceeding earnings expectations. In its most...
Atlassian co-CEO Cannon-Brookes takes 11% ownership of AGL Energy
Atlassian Co-CEO Mike Cannon-Brookes poses for a photo with Utah Jazz co-owners, Dwyane Wade and Ryan Smith during Round 1 Game 3 of the NBA Playoffs on April 21, 2022 at vivint.SmartHome Arena in Sal...
Berkshire Hathaway May Have Sold Verizon Stock in Q1, Bought $10 Billion of Financials
Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hatha...
Crypto Mining Company Crusoe Energy Gets a Lot of Money
A mining company in Denver, Colorado called Crusoe Energy has gotten its hands on $350 million through a new series C funding round led by G2 Venture Partners. Crusoe Energy Just Built Up Its Financia...
Europe Needs Natural Gas And America Could Help—If We Could Get Out Of Our Own Way
DASHAVA, UKRAINE – SEPTEMBER 18: A worker explains the reading on a pressure guage on a valve at … [+] the Dashava natural gas facility on September 18, 2014 in Dashava, Ukraine. The Dasha...
Stagflation risk rises as the Federal Reserve tightens monetary policy
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep...
The crypto industry wants to go green — that’s easier said than done
BODEN, Sweden — Tucked away in snowy Swedish Lapland is a modern-day gold mine. But instead of picks and shovels, it’s filled with thousands of computers. These machines, known as mining rigs, a...
Wikimedia Halts Crypto Donations Due to Fears Over Energy Consumption
The Wikimedia Foundation (WMF) has announced it will stop accepting crypto donations citing environmental concerns. The decision by Wikimedia’s parent was taken at the end of last month following a t...
Gas prices are up roughly 40% from just a year ago. So you may want to try this method to get ‘basically free money’ for gas — but there’s a catch
Is a gas credit card right for you? Getty Images Amid high inflation, rising prices of crude oil and the war in Ukraine, gas prices have jumped from an average of about $2.88 per gallon a year ago, to...
These stocks soared during the pandemic, and then crashed. Ten are now expected to double in price.
A screen of stocks that popped during the coronavirus pandemic highlights dozens that have crashed. But some are considered worthy of purchase by a majority of analysts. You might want to keep an eye ...