BP first-quarter earnings 2024
A BP gas station in Madrid, Spain. Sopa Images | Lightrocket | Getty Images BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations …
Energy
Saudi Aramco upholds dividend despite drop in first-quarter profits
Saudi Aramco’s first-quarter net profit fell 14% year-on-year amid lower oil prices and production. Net income for the three months up to March 31 came in at $27.3 billion, down …
Microsoft signs deal to remove 3.3 million metric tons of carbon dioxide
A building of Stockholm Exergi in Stockholm, Sweden, Sept. 5, 2022. He Miao | Xinhua | Getty Images Microsoft signed a deal to remove to permanently remove 3.3 million metric …
Chevron CEO says natural gas demand will outpace expectations
Natural gas demand will likely outpace expectations as electricity consumption surges from artificial intelligence and data centers, Chevron CEO Mike Wirth told CNBC on Monday. “It’s a little hard to …
The One Thing Holding Back Heat Pumps
So the demand is there, as is growing support from the federal and state governments. What’s lagging is the workforce—at least temporarily. And the US is nowhere near alone: Wherever …
AI could drive natural gas boom as utilities face surging electric demand
A chimney from the Linden Cogeneration Plant is seen in Linden New Jersey April 22, 2022. Kena Betancur | View Press | Corbis News | Getty Images Natural gas producers …
A Massive Power Utility Could Be The Key To More Nuclear Power
The Biden administration wants the United States to triple the global supply of nuclear power, with American-designed reactors running on fuel enriched in the West. The goal: Usurp Russia’s near …
A Company Is Building a Giant Compressed-Air Battery in the Australian Outback
VanWalleghem said there is room to push costs down as the company gains experience from these first few plants. The storage systems have a projected lifespan of about 50 years, …
What Kind of Battery Would You Need to Power a Lightsaber?
Melting an ice cube takes 3.34 x 105 joules per kilogram. So a single ice cube with a mass of 50 grams would take 16,700 joules. You can already see …
Albemarle plans to reopen Kings Mountain lithium mine will take years
The Albemarle lithium processing facility in Kings Mountain, North Carolina, US, on Wednesday, Aug. 10, 2022. Logan Cyrus | Bloomberg | Getty Images Albemarle‘s plans to reopen a resource rich …