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Big Oil paid over $42 billion to foreign governments in 2023

U.S. energy firms paid $42 billion to foreign entities, contrasting sharply with lower payments made domestically, raising concerns over fair taxpayer compensation.

Should African nations develop their fossil fuel resources? DW 07/18/2024

Senegal celebrates first oil production from Sangomar field, significance of oil and gas industry for economic development.

Big Oil paid over $42 billion to foreign governments in 2023

U.S. energy firms paid $42 billion to foreign entities, contrasting sharply with lower payments made domestically, raising concerns over fair taxpayer compensation.

Should African nations develop their fossil fuel resources? DW 07/18/2024

Senegal celebrates first oil production from Sangomar field, significance of oil and gas industry for economic development.
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GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back

GE Vernova is downsizing its offshore wind sector due to financial and operational troubles, impacting jobs and the broader wind energy market.

Ex-Vitol energy trader pleads guilty to international bribery scheme

Javier Aguilar pleaded guilty to participating in a bribery scheme, highlighting systemic corruption in the international commodities market.

Treasury pledges low-carbon investment relief to appease oil and gas industry

The Treasury has promised to keep investment reliefs on low-carbon projects to protect jobs and soften the impact of the energy windfall tax.

Reeves' tax raid spells 'game over' for North Sea oil and gas

North Sea facing crisis with increased energy profits levy and removal of investment allowance.

Saudi Arabia Eyes a Future Beyond Oil

Saudi Arabia is embracing solar and wind power to shift towards renewable energy sources despite its rich oil reserves.
#utility-companies

Georgia gets closer to carbon-free power with a second nuclear reactor complete

The second new nuclear reactor at Plant Vogtle in Georgia has entered commercial operation, costing much more and taking longer than expected.

Here's how simple (but not simplistic) brands are bringing light to the energy sector

Utility companies need to prioritize simplicity in their brand experience for success.
Adding purpose to the brand experience can elevate a utility company to best in class.

Georgia gets closer to carbon-free power with a second nuclear reactor complete

The second new nuclear reactor at Plant Vogtle in Georgia has entered commercial operation, costing much more and taking longer than expected.

Here's how simple (but not simplistic) brands are bringing light to the energy sector

Utility companies need to prioritize simplicity in their brand experience for success.
Adding purpose to the brand experience can elevate a utility company to best in class.
moreutility-companies

Fossil fuel firms must plug methane leaks to meet climate targets, warns watchdog

Fossil fuel companies must pay billions to reduce methane emissions to meet climate targets.
Many leaks in fossil fuel operations can be easily plugged using best practices adopted globally.

Elevating Safety Training In The Energy Industry With Rapid eLearning

Safety training is crucial in the energy industry to mitigate risks, ensure compliance, promote employee well-being, and maintain operational continuity.
Rapid eLearning offers flexibility and efficiency in safety training, allowing for adaptation to the evolving energy sector.

Swiss Startup Jua Raises $16 Million to Develop Foundational AI Model

Jua secures $16 million in seed funding for its physics modeling technology
The startup aims to model and predict weather and climate patterns in relation to the energy industry

Jua raises $16M to build a foundational AI model for the natural world, starting with the weather | TechCrunch

Jua, a Swiss startup, has raised $16 million to build a large 'physics' model for the natural world using AI.
Its first application will be in modelling and predicting weather and climate patterns for the energy industry.

Canadian energy producers dismayed by Biden's move to pause U.S. LNG approvals | CBC News

Canada's energy industry is disappointed with President Biden's decision to pause approvals of new LNG export terminals in the US.
Canadian companies see LNG as a lower-emission alternative to coal and a source of secure energy.

Oil prices projected to stay at low levels in 2024, report says | CBC News

Global oil prices are expected to remain low for the next few years due to cuts from major producers, record production in the United States, and slowing demand growth.
The average West Texas Intermediate (WTI) price is predicted to be $72 per barrel this year, with prices not expected to climb over $80 a barrel in the coming years.

3 Oil & Gas Stocks Making Fall Profits | Entrepreneur

The energy sector presents a strong opportunity for portfolio growth.
Rising oil prices and demand contribute to the positive outlook for oil and gas stocks.
The US is projected to see record-breaking natural gas production and demand by 2023.

The number one untapped tool for utilities to engage next-gen energy customers: influencers

Energy companies can benefit from using social media influencers to educate and engage customers effectively.
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