Monday, 24 February 2025

Focus on Infrastructure

FILE PHOTO: Storage tanks for crude oil, gasoline, diesel, and other refined petroleum products are seen at the Kinder Morgan Terminal, viewed from the Phillips 66 Company's Los Angeles Refinery in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessIndustryInfrastructureNatural GasNewsOilTransmission

Refiner Phillips 66 reports lower third-quarter profit on weak fuel demand

Phillips 66 exceeded profit forecasts in Q3, driven by strong chemicals and midstream performance, despite declining refining margins

President Joe Biden speaks at a reception celebrating Diwali, in the East Room of the White House in Washington, Monday, Oct. 28, 2024. (AP Photo/Ben Curtis)
Climate FinanceEmissionsInfrastructureLegislationMaritimeNews

In a visit to Baltimore, Biden will announce $3 billion to reduce carbon emissions at US ports

As part of Biden's landmark climate law, the largest clean energy investment in U.S. history, $3B will boost climate-friendly port infrastructure.

A decade after the Cuban government said it aimed to produce 24 percent of its electricity from renewables by 2030, the Caribbean island has made little progress, as evidenced by nationwide blackouts caused by a power grid failure (AFP)
AnalysisBiofuelsElectricityIndigenousIndustryInfrastructureSolarWind

Cuban blackout highlights urgency of boosting renewables: experts

Cuba's recent blackout highlights its struggle to transition from outdated oil-fired power plants to renewables amid severe economic strain.

FILE PHOTO: Electric power transmission pylon miniatures and Nextera Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectricityIndustryInfrastructureNewsUtilities

NextEra plans to raise $1.5 billion to fund energy projects

Utility firm NextEra Energy said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects.

FILE PHOTO: The TotalEnergies logo sits on the company's headquarters skyscraper in the La Defense business district near Paris, France, June 26, 2023. REUTERS/Stephanie Lecocq/File Photo
BusinessElectricityInfrastructureManufacturingNatural GasNewsSolar

QatarEnergy takes 50% stake in TotalEnergies solar project in Iraq

QatarEnergy takes a 50 per cent stake in TotalEnergies’ 1.25 GW solar project in Iraq, aiming to boost Iraq’s power supply by 2027.

AnalysisCarbon ManagementEmissionsHydrogenInfrastructureOpinionRegulations

Getting carbon capture right will be hard — but that doesn’t make it optional

Building a global CO2 disposal industry by 2050 is challenging, but it's essential for meeting climate goals and curbing fossil fuel impacts.

Robert Black, left, with the Navajo Tribal Utility Authority, supervises as a volunteer crew lifts a power line pole, Tuesday, Oct. 8, 2024, on the Navajo Nation in Halchita, Utah. (AP Photo/Joshua A. Bickel)
ElectricityIndigenousInfrastructureNewsPoliticsTransmissionUtilities

On Navajo Nation, a push to electrify more homes on the vast reservation

About 32% of Navajo homes still have no electricity — and connecting those remaining 10,400 people to the grid comes with a $400...

AnalysisBuildingsClimate FinanceElectric Vehicles (EVs)ElectricityInfrastructurePoliticsSolarStorageUtilities

No home left behind: a postcode approach to electrification

A community-driven pilot project in Australia promises to show how household electrification can be accelerated and co-ordinated at scale.

FILE PHOTO: An oil tank and an oil pumpjack are pictured in the Permian Basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo
EmissionsEnvironmentInfrastructureLegislationOilPoliticsRegulations

New Mexico studies oil drilling restrictions that would hit output, revenue

New Mexico's proposed drilling restrictions could cut 5.4 per cent of future oil output, causing billions in lost revenue, report says.

Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration
BusinessCritical MineralsIndustryInfrastructureMiningNewsPoliticsRegulationsTrade

Sanctions delay to Russian zinc mine causes supply miscalculation, sources say

Sanctions hinder Russia's Ozernoye from ramping up zinc output, risking 2025 supply forecasts amid soaring zinc prices.

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