By Nichola Groom and Moira Warburton WASHINGTON (Reuters) -The U.S. Senate on Wednesday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian nations, a measure aimed at supporting the small domestic manufacturing industry. Biden has vowed to veto the legislation, which passed the House of Representatives last…
By Timothy Gardner WASHINGTON (Reuters) – U.S. company Westinghouse unveiled plans on Thursday for a small modular reactor to generate virtually emissions-free electricity that could replace coal plants or power water desalinization and other industries. Rita Baranwal, the Westinghouse Electricity Co’s top technology officer, said the reactor, dubbed AP300 for its planned 300 Megawatt capacity,…
By Stephanie Kelly NEW YORK (Reuters) – United Airlines will begin using lower-carbon aviation fuels on flights from San Francisco International Airport and London Heathrow Airport beginning this year, the U.S. carrier told Reuters on Thursday, as the travel industry pursues new efforts to cut climate warming emissions. Sustainable aviation fuel (SAF), which uses feedstocks…
By Mircely Guanipa PUNTO FIJO (Reuters) – More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively with Reuters. The report by PDVSA’s maritime branch,…
By Ron Bousso, Shadia Nasralla and Nerijus Adomaitis LONDON/OSLO (Reuters) – Energy giants Shell and Equinor reported higher-than-expected first-quarter profits on Thursday, using the heft of their trading desks to offset lower oil and gas prices. The stronger-than-expected profits from the two companies follow forecast beating results from rivals Exxon Mobil, Chevron and BP over…
By Marwa Rashad LONDON (Reuters) – Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe, the International Energy Agency (IEA) said on Thursday. The European and global gas markets suffered a major supply shock in 2022 when Russia reduced its pipeline gas…
By Fransiska Nangoy, Stefanno Sulaiman JAKARTA (Reuters) -Indonesia has cut tax incentives to limit investment in lower quality nickel products as it aims to extract as much value as possible from its rich nickel reserves and push for further downstream investment, a cabinet minister said on Wednesday. The government is aiming for around $95 billion…
By Andrea Shalal WASHINGTON (Reuters) – Oklahoma is seeing a sharp increase in foreign investment interest, especially in its renewable energy sector, and is on the cusp of signing large new deals with firms in Switzerland and Asia, Governor Kevin Stitt told Reuters on Wednesday. Stitt said Oklahoma, which just signed a trade agreement with…
By Kiana Wilburg GEORGETOWN (Reuters) -An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled on Wednesday, a decision the government rejected. Exxon “engaged in a disingenuous attempt” to dilute its obligations under its…
(Reuters) – A new 300-megawatt (MW) Con Edison Rainey-to-Corona transmission line, which can power 240,000 average-sized homes in New York City’s Queens borough, has been energized, New York Governor Kathy Hochul said on Wednesday. The six-mile-long (10 km-long) line is part of the Reliable Clean City projects that will add 900 MW of transmission capacity…
