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☆ Phillips 66's refining operations come under activist radar
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +4 min

REFINERIES:WOOD RIVER, Roxana, Illinois, refining capacity: 356,000 barrels per day (bpd)Largest Phillips 66 refinery by operating capacity. LOS ANGELES: Carson and Wilmington, California, capacity: 139,000 bpdTwo sites linked by pipeline, producing California Air Resources Board-grade gasoline and fuel-grade petroleum coke. *SAN FRANCISCO: Santa Maria, Wilmington, California and Rodeo, Rodeo, California, capacity: 120,200 bpdPhillips 66's San Francisco operations consisted of two sites: Santa Maria refinery in Wilmington, California and Rodeo refinery in Rodeo, California. INTERNATIONAL REFINERIES:HUMBER, North Lincolnshire, United Kingdom, total throughput: 245,000 bpdProduces transportation fuels, petrochemical feedstocks, home heating oil and petroleum coke. MiRO, Karlsruhe, Germany, total throughput: 61,000 bpdProduces transportation fuels, petrochemical feedstocks, home heating oil, bitumen, and petroleum coke.

Persons: Bing Guan, refiner Phillips, Phillips, Santa, Santa Maria, Shariq Khan, Matthew Lewis Organizations: Phillips, Los, Los Angeles Refinery, REUTERS, Investment Management, Energy, Exports, California Air Resources, INTERNATIONAL, MiRO, . Energy, Thomson Locations: Los Angeles, Carson , California, U.S, Wood, Borger, Roxana , Illinois, Midcontinent, BORGER, Borger , Texas, West Texas, New Mexico , Colorado, SWEENY, Old Ocean , Texas, United States, America, LAKE CHARLES, Westlake , Louisiana, Europe, Linden , New Jersey, York, Bayway, East Coast . PONCA CITY, Ponca City , Oklahoma, ANGELES, Carson, Wilmington , California, California, California , Nevada, Arizona, FERNDALE, Ferndale , Washington, BILLINGS, Billings , Montana, Montana , Wyoming , Idaho , Utah, Colorado, Washington, Santa Maria, Rodeo , California, Francisco, HUMBER, North Lincolnshire, United Kingdom, Karlsruhe, Germany, Switzerland, France, Austria, San Francisco, Bengaluru

☆ Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remain
▼ + stars: | 2023-10-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. Siemens Energy made the headlines earlier this year when it scrapped its profit forecast and warned that costly failures at wind turbine subsidiary Siemens Gamesa could drag on for years. It sparked concerns about wider problems across the industry and thrust Europe's wind energy giants' earnings into the spotlight. Read more:Deutsche had previously highlighted challenges in the wind turbine industry including supplier delays, lower tax credits and rising rates. Reliability issues Those surveyed by ONYX also expressed reliability concerns, with 69% expecting more reliability issues due to aging assets and 56% seeing problems associated with new turbine technology.

Persons: PAUL ELLIS, Kepler Cheuvreux, Morgan Stanley, Morgan, Ben Uglow, Ørsted, Read, —, Ashley Crowther, Crowther Organizations: Siemens, AFP, Getty, Siemens Energy, Grid Technologies, Siemens Gamesa, Gas, Grid, Deutsche Bank, Deutsche, Vestas, ONYX Locations: Hull , England, Ukraine

☆ Moderna's updated COVID vaccine effective against 'Eris' variant in humans
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

Vials of the Moderna COVID-19 vaccine are seen at Apotex pharmaceutical company as Humber River Hospital's mobile vaccine clinic vaccinate employees as part of the coronavirus disease (COVID-19) vaccination campaign, in Toronto, Ontario, Canada April 13, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsCompanies BioNTech SE FollowModerna Inc FollowNovavax Inc Follow Show more companiesAug 17 (Reuters) - Moderna (MRNA.O) said on Thursday an initial study data showed its updated COVID-19 vaccine to be effective against the "Eris" and "Fornax" subvariants in humans. Moderna and other COVID-19 vaccine makers Novavax (NVAX.O), Pfizer (PFE.N) and German partner BioNTech SE (22UAy.DE) have created versions of their shots aimed at the XBB.1.5 subvariant. Earlier on Thursday, Pfizer reported that its updated COVID-19 shot, co-developed with BioNTech, showed neutralizing activity against the Eris subvariant in a study conducted on mice. Eris, the nickname for EG.5, is similar to the XBB.1.5 subvariant and a sub-lineage of the still-dominant Omicron variant.

Persons: Carlos Osorio, BioNTech, Pratik Jain, Shilpi Majumdar Organizations: Moderna, REUTERS, Pfizer, EG, Omicron, World Health Organization, Thomson Locations: Humber, Toronto , Ontario, Canada, United States, Europe, U.S, Bengaluru

☆ Siemens Energy CEO on $2.4 billion wind turbine hit: We were 'going too fast' with new products
▼ + stars: | 2023-08-07 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. Siemens Energy CEO Christian Bruch said Monday that the company needs to slow down its rollout of new products after booking 2.2 billion euros ($2.4 billion) in costs due to quality issues at its wind turbine unit. In June, Siemens Energy scrapped its profit forecast and warned that costly failures at wind turbine subsidiary Siemens Gamesa could drag on for years, sending shares tumbling. Though well below worst-case estimates, Siemens Energy said the 2.2 billion euro hit will push its net loss for the year to around 4.5 billion euros —significantly worse than previously expected. This included "negative tax effects from valuation allowances on deferred tax assets in connection with the charges at Siemens Gamesa," the company said.

Persons: Christian Bruch, Bruch, CNBC's, we've Organizations: Siemens, Siemens Energy, Grid Technologies, Siemens Gamesa Locations: Hull , England, Frankfurt

☆ Britain angers climate campaigners after committing to issue hundreds of new oil and gas licenses
▼ + stars: | 2023-07-31 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

"Now more than ever, it's vital that we bolster our energy security," U.K. Prime Minister Rishi Sunak said Monday. The U.K. government on Monday provoked outrage from environmental groups after it confirmed plans to grant hundreds of new oil and gas licenses for the North Sea. "Now more than ever, it's vital that we bolster our energy security and capitalise on that independence to deliver more affordable, clean energy to British homes and businesses," Prime Minister Rishi Sunak said in a statement. "Even when we've reached net zero in 2050, a quarter of our energy needs will come from oil and gas," he added. "But there are those who would rather that it come from hostile states than from the supplies we have here at home."

Persons: Rishi Sunak, It's, we've Organizations: Humber Locations: Ukraine, Scotland, England

☆ Wind turbine troubles have sent one stock tumbling. There are fears it could be a much wider issue
▼ + stars: | 2023-07-03 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. Costly failures at wind turbine manufacturer Siemens Gamesa last month sent shares of parent company Siemens Energy tumbling, and analysts are concerned about wider teething problems across the industry. The German energy giant scrapped its profit guidance in late June, citing a "substantial increase in failure rates of wind turbine components" at its wind division Siemens Gamesa. He said that 20 years ago, a typical wind turbine would have 1 million watts of capacity; today, European original equipment manufacturers, or OEMs, are testing 15 MW turbines. The Statistical Review of World Energy report published last week revealed that wind and solar power accounted for 12% of the world's power generation last year, with wind power output increasing by 13.5%.

Persons: Christian Bruch, Nicholas Green, —, Christoph Zipf, Zipf Organizations: Siemens, Siemens Energy, Siemens Gamesa, CNBC, World Energy Locations: Hull , England

On Friday, Tory Lanez, legally known as Daystar Peterson, was found guilty of shooting Megan Thee Stallion, legally known as Megan Pete, during the summer of 2020. But there were moments when Megan Thee Stallion was failed during this ordeal, and we shouldn’t forget that. Megan Thee Stallion’s case isn’t the first time we’ve seen this kind of slut shaming. In her songs, Megan Thee Stallion has promoted the idea of women feeling comfortable and deserving of embracing sexual freedom. An imperfect victim doesn’t negate that they deserve justice, and failing to believe Black women won’t result in anyone’s liberation.

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