Houston-based Fervo Energy has secured $255 million in fresh funding...
Houston-based Fervo Energy has secured $255 million in fresh funding to advance its geothermal energy projects, including the Cape Station development in Utah, set to begin electricity generation in 2026. "Investors recognize that Fervo's ability to get to scale quickly is vital in an evolving market that is seeing unprecedented energy demand from AI and other sources," said Fervo CEO and Co-Founder Tim Latimer.
Tech, regulations address the Permian's methane problem
An analysis by S&P Global Commodity Insights shows that Permian Basin...
An analysis by S&P Global Commodity Insights shows that Permian Basin methane emissions dropped by 26% in 2023 as regulations tightened and drillers stepped up adoption of advanced leak-detection technologies. The reduction, amounting to over 34 Bcf, occurred despite higher oil and natural gas production.
☕️What Else is Brewing The Day After Christmas🎄[not much]
Good morning. Hope everyone had a nice Christmas and...
Good morning. Hope everyone had a nice Christmas and first night of Hanukkah. Very little to report today, so here is a quick summary of the Business Story of the Year: Elon Musk
This month, Musk became the first human in history to amass a net worth surpassing $400 billion. Tesla’s stock, a major source of his wealth, has nearly doubled in value since the presidential election because investors view Musk’s proximity to Trump as a boon. Previously, the Tesla stock price was propelled by strong earnings and the prospect of cheaper cars hitting showrooms soon.
While Musk was busy getting established in Donald Trump’s orbit this year, his companies continued their ascendancy into Earth’s orbit and firmly lodged themselves in the hemispheres of people’s brains:
➕SpaceX continued to dominate the space cargo delivery market, winning at least $2.6 billion in new government contracts this year. It also celebrated the first successful test launch of its jumbo rocket, Starship, which might one day ferry astronauts to the moon and Mars.
➕Traffic on Starlink’s satellite internet network tripled this year, per Cloudflare.
➕Meanwhile, Neuralink implanted custom chips into the brains of its first two trial patients.
European natural gas traders are preparing for potential market turbulence...
European natural gas traders are preparing for potential market turbulence in the New Year, as the transit deal between Russia and Ukraine is set to expire on 1 January. The European Commission and major banks are bracing for a halt in pipeline flows through Ukraine, which could drive up prices and force Europe to seek alternative sources.
US Gulf Coast facilities prepare for winter freezes
AccuWeather and the NOAA are separately forecasting a warmer than usual...
AccuWeather and the NOAA are separately forecasting a warmer than usual winter for the US Gulf Coast, but with brief spells of freezing temperatures. The trend creates a risk for chemical facilities and refineries in the region even though many have made winterization upgrades since Winter Storm Uri in 2021.
