Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. Longer term projections point to capital expenditure (capex) hitting a decade-high of $54 billion in 2030, thanks
A Dallas man pleaded guilty this week to defrauding investors out of more than $27 million in oil and gas and water rights scams. Dennis James Rogers II, 35, concocted phony business opportunities and convinced investors to hand over millions of dollars, which he spent on items like a private jet, a custom home builder
China’s state planner has called for more investment in equipment upgrades to help support the country’s energy transition. The energy upgrade plan calls for investment in renewable and power grid technologies, energy conservation, and coal power plant flexibility—areas that Beijing has signaled will be key to the transition from coal to lower-carbon power. The plan
A pair of geothermal energy developers are getting some much-needed funding to advance their quest to access the hot-water resource deep underground in Chaffee County. The money is coming from the state energy office and investors including one who “grew up around the benefits of geothermal” in Iceland. Hank Held and Fred Henderson, the pair
PIKE CO., Ind. (WFIE) – AES Indiana, joined by Pike County leaders, announced $1.1 billion in investments Thursday. They include the repowering of Petersburg Generating Station Units 3 and 4 from coal to natural gas, pending approval from the IURC, and the addition of two new projects, including solar and battery storage. Officials say the
Solar stocks tumbled this week as Donald Trump gains ground in the polls, with the Republican Party rallying around the former president after a shocking assassination attempt on him on July 13. The Democratic Party, meanwhile, is in disarray after President Joe Biden’s weak debate performance against Trump in June. Pressure is growing within the
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | Reuters Former President Donald Trump will headline a campaign fundraiser in Nashville on the sidelines of the Bitcoin Conference, where the top ticket is going for $844,600 per person. According to an
Buterin’s post comes as Donald Trump, who has positioned himself as the pro-crypto candidate for president, rallies members of his party at the Republican National Convention in Milwaukee, and a day after venture capitalists Marc Andreessen and Ben Horowitz told employees of Andreessen Horowitz (a16z) that they plan to make significant donations to political action
Listen to this article WASHINGTON — The Biden administration is awarding nearly $2 billion in grants to help restart or expand electric vehicle manufacturing and assembly sites owned by General Motors, Fiat Chrysler, Volvo and other carmakers in eight states, including the presidential battlegrounds of Michigan, Pennsylvania and Georgia. The Energy Department will issue grants
New UK finance minister Rachel Reeves vowed Monday to immediately “fix the foundations” of Britain’s economy, fuelled by onshore wind power and house building, after her Labour party won power. In her first major speech since being appointed the UK’s first woman chancellor of the exchequer by new Prime Minister Keir Starmer, Reeves said there