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☆ Trump is laying the groundwork for his 'drill, baby, drill' agenda
▼ + stars: | 2024-11-21 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +8 min

If confirmed by the Senate, three key nominees would largely be responsible for executing Trump's "drill, baby, drill" agenda across the federal government. The Interior Department leases millions of acres of public lands and waters for oil and gas drilling. The oil and gas industry is pushing the Trump administration to issue a new five-year offshore-leasing program. Woods of ExxonMobil told Semafor last week that the Trump administration should keep regulations to curb methane emissions from oil and gas infrastructure. But Trump attacked electric vehicles on the campaign trail, adopting the oil and gas lobby's messaging.

Persons: Donald Trump, Doug Burgum, Chris Wright, Trump, Lee Zeldin, Trump's, Karoline Leavitt, Vance, Wright, Biden, Amanda Eversole, Kenny Stein, Darren Woods, Stein, It's, Woods, Semafor, David Brown, Wood Mackenzie Organizations: Interior, Energy, Senate, Trump, Interior Department, Liberty Energy, Environmental Protection Agency, National Energy Council, Truth, Energy Department, Republicans, of, American Petroleum Institute, American Energy Alliance, CNBC, EPA, ExxonMobil, US Locations: Gulf of Mexico, North Dakota, New York, Saudi Arabia, Qatar, Russia, Europe, Gulf, Mexico, Wood

☆ The solid-state batteries hype is fading – prompting auto giants to consider alternatives
▼ + stars: | 2024-10-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Solid-state batteries have long been billed as the "holy grail" of sustainable driving. As the name suggests, solid-state batteries contain a solid electrolyte, made from materials such as ceramics. Automakers have invested billions of dollars in solid-state battery research and teamed up with developers to produce their own versions for mass production. Tomohiro Ohsumi | Getty Images News | Getty ImagesJapan's Toyota, for instance, has said it is aiming to bring solid-state batteries into mass production between 2027 and 2028. Yet, despite growing hype over the potential rollout of solid-state batteries, analysts remain skeptical about when they will actually make it to market.

Persons: Tomohiro Ohsumi, Japan's Nissan, Germany's Mercedes, Max Reid, Wood Mackenzie, Reid, Wood Mackenzie's Reid, Julia Poliscanova, Poliscanova, Nio, Ganfeng, Environment's Poliscanova Organizations: Afp, Getty, Toyota Motor Corp, Benz Group, Stellantis, Hyundai, Kia, Environmental Defense Fund, CNBC, Transport, Environment, Paris, Show, Qingtao Energy Locations: Nanjing, China's, Jiangsu, PARIS, France, Tokyo, Japan, U.S, China

☆ South Fork Wind offers a glimpse at what's possible as offshore wind power projects struggle to gain traction
▼ + stars: | 2024-10-13 | by ( Pippa Stevens | ) www.cnbc.com time to read: +9 min

Soren Lassen, head of offshore wind research at Wood Mackenzie, said the U.S. offshore wind industry is going through a needed readjustment, and that while the long-term outlook remains intact, progress has been pushed out. South Fork Wind offers tangible evidence that wind projects can work. The company developed the five-turbine Block Island Wind Farm, which is northwest of South Fork Wind, in 2016. The Bureau of Ocean Energy Management first awarded the leases for South Fork Wind in 2013, which where acquired by Deepwater Wind. In September, Skyborn Renewables, a Global Infrastructure Partners portfolio company, acquired Eversource's 50% stake in both South Fork Wind and Revolution Wind.

Persons: Pippa Stevens, Soren Lassen, Wood Mackenzie, –, Orsted, David Hardy, Equinor, Jones, Biden, Avangrid, Wood Mackenzie's Lassen, Lassen Organizations: CNBC GREENPORT, U.S, Wind, CNBC, of Ocean Energy Management, Deepwater, Eversource Energy, Skyborn, Global Infrastructure Partners, CNBC Offshore, Power Authority, Ørsted, New, BP, Dominion Energy, South Brooklyn Marine, Fork, The U.S . Department of, Interior, Maryland –, GE Vernova, American Clean Locations: –, Montauk , New York, U.S, Greenport , New York, East Hampton, East Hampton , New York, Wainscott, Denmark, New York, Atlantic City , New Jersey, New Jersey, Brownsville , Texas, Virginia, Port of Virginia, Connecticut's, of New London, South Carolina , Texas, Rhode Island and Connecticut, The, Maryland, Martha's Vineyard, Nantucket , Massachusetts, Nantucket

☆ Why oil and gas markets are dreading the risk of supply disruption in the Strait of Hormuz
▼ + stars: | 2024-10-08 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

In 2022, oil flow in the Strait of Hormuz averaged 21 million barrels per day, according to the U.S. Energy Information Administration (EIA). Saul Kavonic, senior research analyst at MST Financial, said supply disruptions along the Strait of Hormuz could send oil prices significantly higher. Oil prices traded more than 3% on Monday, extending gains even after notching their sharpest weekly gain since early 2023 last week. "But seeing where the oil price sits right now the market doesn't seem to hold much probability for such a development at all," he added. "A significant disruption to these flows would be enough to push oil prices to new record highs, surpassing the record high of close to $150/bbl in 2008," he added.

Persons: Alan Gelder, Wood Mackenzie, CNBC's, Iraq —, Gelder, Saul Kavonic, Kavonic, Bjarne Schieldrop, SEB, Brent, Schieldrop, Warren Patterson, Patterson Organizations: Nurphoto, U.S . Energy Information Administration, Energy, Brent, U.S, West Texas, ING, bbl, United Arab Emirates, Space Shuttle Columbia Locations: Persian, Bushehr, Iran, Hormuz, Oman, Strait, Israel, Saudi Arabia, Kuwait, Iraq, UAE, Gulf, Muscat

☆ U.S. crude oil jumps 2%, trades near $76 as market waits for Israel strike against Iran
▼ + stars: | 2024-10-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil rose about 2% on Monday, as the market waited for Israel to strike Iran. Oil prices spiked last week on fears that Israel could hit Iran's oil industry in retaliation for Tehran's ballistic missile attack. The impact on the oil market would be significant if Israel struck Kharg Island, through which 90% of Iran's crude exports pass, Croft said. The worst-case scenario is a disruption in the Strait of Hormuz, through which 20% of the world's crude exports flow, Gelder said. Iran might target the strait in response to an Israeli strike, which would have a far more dramatic effect on crude prices, the analyst said.

Persons: Israel, Joe Biden, Biden, Helima Croft, Croft, CNBC's, Alan Gelder, Wood Mackenzie, Gelder Organizations: Texas Intermediate, Brent, RBC Capital Markets Locations: Israel, Iran, U.S, Kharg, Wood, Strait, Hormuz

☆ Razor-thin solar panels could be ‘ink-jetted’ onto your backpack or phone for cheap clean energy
▼ + stars: | 2024-08-09 | by ( Kara Fox | ) edition.cnn.com time to read: +5 min

Today’s solar panels that use silicon cells, by comparison, typically covert up to 22% of sunlight into power. Another important factor fueling solar’s rise is its growing efficiency in converting the sun’s energy. But Wang noted that the research group is not advocating for the end of solar farms. “I wouldn’t say we want to eliminate solar farms because obviously we need lots of areas or surfaces to generate sufficient amount of solar energy,” he told CNN. Some coatings in lab settings have dissolved or broken down over short periods of time, so are regarded as less durable than today’s solar panels.

Persons: aren’t, Junke Wang, Martin Small, Wood Mackenzie, Wang, ”, Henry Snaith, Snaith Organizations: CNN, Oxford, Oxford University's Physics, Oxford University Physics Locations: Germany

In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Explosive power demand poses a challenge to the Biden administration's goal of converting the U.S. power grid to 100% clean electricity by 2035. Nextracker is a leading U.S. solar firm, building systems that allow panels to track to the position of the sun, improving the efficiency of solar power plants. Shugar pointed to the massive number of renewable projects in the U.S. seeking connection to the power grid. But as energy demand increases, the value of each additional hour should rise, eventually making longer duration batteries more cost effective, he said.

Persons: Brandon Bell, Andrés Gluski, Joseph Rand, We've, Kelley, Wells, Goldman Sachs, Biden, Ryan Sweezey, Wood Mackenzie, Richard Kinder, Kinder Morgan, Kinder, Amin Nasser, Nasser, Shugar, Lawrence, Lazard, Nextracker's Shugar, Lawrence Berkeley, Amol Phadke, Rand, Sweezey, Reid Ramdathsingh, Ramdathsingh, Fluence, John Zahurancik, Zahurancik, it's, Zahuranick Organizations: Getty, Renewables, Energy Information Administration, Department of Energy, Big Tech, Microsoft, AES Corporation, Google, AES, Meta, UBS, Solar, Lawrence Berkeley National Laboratory, U.S, Tech, North America, DOE, CNBC, University of California Berkeley's Goldman School of Public, Goldman School, Lawrence, Rystad Energy, Siemens Locations: Ector County , Texas, Texas, California, United States, U.S, Wells Fargo, Saudi, Houston, Lawrence Berkeley, Fluence's Americas

☆ We're concerned there won't be enough metal to meet energy transition targets: Wood Mackenzie
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're concerned there won't be enough metal to meet energy transition targets: Wood MackenzieJulian Kettle, vice chair of metals and mining and senior vice president at Wood Mackenzie, says steel remains the biggest challenge in "greening" the metals and mining industry. He adds that "we are way behind target" when it comes to the delivery of metals for the energy transition.

Persons: Wood Mackenzie Julian Kettle, Wood Mackenzie

And perhaps best of all, money — from selling the electricity generated by the wind turbines studding the flat green fields stretching out to the North Sea. A slice of the cash goes to the villagers themselves, with the local buy-in making this windy farming enclave near the border with Denmark a showcase for ways to push ahead with renewable energy projects. The S&P Global Clean Energy Index of shares in companies with clean energy-related businesses has fallen 26% over the past year, even as broader market indexes have surged to records. In sub-Saharan Africa, where half the population lacks access to electricity, renewable projects face even steeper challenges with financing. In Nigeria, where blackouts are an everyday event for about half of the country’s 213 million people, some 14 solar projects have stalled because the finances don’t add up.

Persons: ”, Astrid Nissen, moos, “, Mackenzie, it's, Nissen, Christian Andresen, Andresen, Orsted, Vattenfall, David Shepheard, Edu Okeke, Taiwo Organizations: U.S . Federal Reserve, European Central Bank, University College London, Solar, Energie Andresen GmbH, Energy, logjams, World Bank Locations: SPRAKEBUELL, Germany, Denmark, village's, Spain, Italy, Africa, Flensburg, Sprakebuell's, German, Danish, New Jersey, Swedish, North American, Saharan Africa, Nigeria, Katsina, Abuja

☆ China's economy looks like a mess — but some sectors are quietly doing well in its '2-speed economy'
▼ + stars: | 2024-02-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Meanwhile, its financial markets are bleeding, the property market has gone up in smoke, local government debt appears alarming, and foreign investors are exiting in droves. Real estate — which was a huge part of China's economy — has been hit badly, he said. AdvertisementTravel has picked up after years of pandemic lockdownServices is another pillar of China's economy that Beijing has been trying to build up. AdvertisementThis is in part because new growth industries are not able to take the place of real estate — yet. Because the property market accounts for one-quarter of China's GDP and more than two-thirds of household wealth, its overall drag on China's economy is much greater than whatever is doing well right now.

Persons: —, Rory Green, GlobalData.TS Lombard, AllianceBernstein, John Lin, Lin, Donald Trump's, Louise Loo, Wood Mackenzie, AllianceBerstein's Lin, Nomura, Loo Organizations: Service, Business, Bloomberg TV, Oxford Economics, Nomura, Oxford Locations: China, GlobalData.TS, Real, COVID, Beijing, Europe, Taiwan, South Korea

☆ Gas plays a 'super important' role in meeting 2050 net-zero target, analyst says
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGas plays a 'super important' role in meeting 2050 net-zero target, analyst saysSimon Flowers, chairman and chief analyst at Wood Mackenzie, says "we need some sort of bridge to get through to 2050 and the hope for net-zero."

Persons: Simon Flowers, Wood Mackenzie Organizations: Email Gas

☆ Red Sea crisis: Why escalating violence in the Middle East isn’t pushing up gas prices
▼ + stars: | 2024-01-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

The prices of a barrel of Brent crude, the global oil benchmark, and West Texas Intermediate, the US oil benchmark, have barely moved. Now, however, analysts say economic factors — weaker demand in countries such as China and Germany, ample oil and gas supply — are superseding concerns about violence in the Middle East. Al Drago/Bloomberg/Getty ImagesGlobal oil demand growth is expected to almost halve this year, the International Energy Agency said in a report Thursday. At the same time, global oil supply is forecast to hit an all-time high, driven by record output from countries including the United States and Canada, the IEA said. Nan said relatively modest demand was also helping to prevent spikes in gas prices.

Persons: Brent, “, Homayoun, “ It’s, ”, Hope, Al Drago, That’s, Falakshahi, Xi Nan, Kpler, Wood Mackenzie, Nan Organizations: London CNN, Hamas, West Texas Intermediate, AAA, CNN, National Bureau of Statistics, Bloomberg, Getty, International Energy Agency, Organization of, Petroleum, Rystad Energy, Gas Infrastructure, LNG “ Locations: Red, Iran, Pakistan, Gaza, Ukraine, China, Germany, South Africa, Washington , DC, United States, Canada, Russia, OPEC, Europe, wean, Gas Infrastructure Europe, Africa, Qatar, United Kingdom

☆ China's property market is failing. These are the 3 new growth areas Beijing is focusing on to pull itself out of a tailspin.
▼ + stars: | 2024-01-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China's real-estate sector has been mired in a debt crisis for over two years with no signs of a strong recovery. Electric vehiclesThanks to government subsidies, China is already the world's largest market and producer of electric vehicles. Related storiesThe Chinese EV market is expected to continue growing 25% this year, although the growth is slower than the 36% the industry posted in 2023 as Beijing winds down its subsidies. In the last quarter of 2023, Chinese EV maker BYD overtook Tesla to become the world's largest seller of electric vehicles . Other Chinese EV brands with international expansion plans include Nio, Geely, and Zeekr.

Persons: Xi, Tesla, Ilaria, Bernstein, Wood Mackenzie Organizations: Service, Business, Eurasia Group, Center for Strategic, International Studies, South, Financial Times Locations: China, Beijing, Europe, Washington ,

☆ One country dominated clean energy growth this year, and it isn't the US, UK, or Germany. It's China, by a landslide.
▼ + stars: | 2023-12-27 | by ( Associated Press | ) www.businessinsider.com time to read: +11 min

In the United States, California continues to have the most solar energy, followed by Texas, Florida, North Carolina, and Arizona. China was one of the few growing markets this year for wind, the Global Wind Energy Council said. Faster permitting and other improvements in key markets such as Germany and India also helped add more wind energy. The top three markets this year are still China, the United States, and Germany for wind energy produced on land, and China, the United Kingdom, and Germany for offshore. The analysts are predicting that the global industry will rebound next year and make nearly 12% more wind energy available worldwide.

Persons: Mohammed bin Rashid Al Maktoum, Joshua A, Bickel, it's, Michael Taylor, IRENA, Karim Shahi, Rafiq Maqbool, Daniel Bresette, Bresette, Abigail Ross Hopper, Wood, Wood Mackenzie, Julia Nikhinson Construction, John Hensley, Seth Wenig, Hau Dinh, Evan Hartley, Paul Braun, John Eichberger, Daan Walter Organizations: Service, International Energy Agency, Business, IEA, United Arab Emirates, Climate, AP, International Renewable Energy Agency, Arizona . Workers, Energy Limited's, Energy, Environmental, Energy Study Institute, Solar Energy Industries Association, Global Energy Monitor, Wind Energy, Clean Power, Workers, Atlas Public, Benchmark Mineral Intelligence, Benchmark, University of Illinois, Panasonic, Toyota, Health, General Motors Co, LG Energy, Transportation Energy Institute, Rocky Mountain Institute Locations: Germany, Spain, Mohammed, Dubai, United, Bickel China, Europe, United States , California, Texas , Florida, North Carolina, Arizona, Karim, Khavda, Bhuj, India, Pakistan, Gujarat, China, Wood Mackenzie, Montauk Point , New York, Asia, United States, State, New London, Conn, United Kingdom, Hai Phong, Vietnam, Kansas, Ohio

☆ Slowing China still leads the race for commodities
▼ + stars: | 2023-11-28 | by ( Yawen Chen | ) www.reuters.com time to read: +7 min

"When it comes to copper, the thinking usually goes that copper equals property, property equals China," said one commodities trader. "And because China property is down, copper must be down too." That’s why China's copper demand will still rise by 4 million tonnes from the 2020 level to around 18 million tonnes per year in 2030, according to estimates by commodity trading group Trafigura. And China's copper demand has grown by 8% this year, faster than the 5% Xi is targeting for overall GDP growth. China's annual aluminium demand rose by 18 million tonnes from 2010 to 2020 and is forecast to grow by another 13 million tonnes to over 50 million tonnes a year in 2030, per Trafigura.

Persons: Xi Jinping, Communist Party’s, Wood Mackenzie, Francesco Guerrera, Katrina Hamlin, Thomas Shum Organizations: Reuters, HK, Communist, Shanghai Futures Exchange, London Metal Exchange, ING, International Monetary Fund, IMF, World Bank, Reuters Graphics Reuters, Oxford, HSBC, Democratic, Thomson Locations: SINGAPORE, China, Washington, Moscow, Taiwan, Shanghai, Republic, United States, Australia, Beijing, Chile, Indonesia, Democratic Republic of Congo

REUTERS/David Swanson/File photo Acquire Licensing RightsNov 24 (Reuters) - Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda. Clean energy experts interviewed by Reuters say the mounting setbacks will make the United States' ambitious targets to decarbonize by mid-century even harder to reach. Solar energy facilities account for two thirds of those delays due in part to U.S. import restrictions. "These are the normal ups and downs of clean energy development and deployment," Reicher said.

Persons: David Swanson, Joe Biden’s, Biden, John Hensley, Wood Mackenzie, “, Ali Zaidi, Prakash Sharma, that's, Vic Abate, it's, Robert Walther, Walther, Dan Reicher, Reicher, Nichola Groom, Richard Valdmanis, Alistair Bell Organizations: REUTERS, Soaring, Ford, Reuters, American Clean Power Association, United Nations, White, Dominion Energy Inc, TEN, GE, Biden, Treasury Department, Trump, Stanford University, Thomson Locations: Palm Springs , California, U.S, Washington, Nations, Egypt, Dubai, United States, Paris, Virginia, Gulf of Mexico

OPEC and the IEA expect China's oil demand to show growth in 2023 of 7.6% and 12.1%, respectively. OPEC has dismissed fears of that demand growth for oil in China is fading, describing negative sentiment as "overblown" in a recent report. OPEC's forecasts show China accounting for 24.6% of global oil demand growth in the first half of 2024, according to Reuters calculations. Consultancies Wood Mackenzie, Rystad Energy and Energy Aspects respectively forecast China's first-half 2024 oil demand to grow by 3.7%, 4.0% and 4.4% versus the same period in 2023. Energy Aspects expects first-half diesel demand to be flat from a year earlier.

Persons: Aly, Consultancies Wood Mackenzie, Rystad, Lin Ye, Xia, Andrew Hayley, Simon Cameron, Moore Organizations: REUTERS, Rights, of Petroleum, International Energy Agency, OPEC, Rystad Energy, JET, Reuters Graphics Reuters, National Bureau of Statistics, Thomson Locations: Zhuhai, China, Rights BEIJING, OPEC, Russia, Beijing

☆ U.S. renewable, grid battery projects battle transformer shortage
▼ + stars: | 2023-11-15 | by ( Nicole Jao | ) www.reuters.com time to read: +5 min

LONGER LEAD TIMESLarge-scale battery projects to store energy on grids and to smooth out the variance of wind and solar power are also seeing longer lead times. They are taking around 12 to 18 months to complete, around six months longer than they would take without the supply issues, said Andrew Waranch, chief executive of battery energy storage system developer Spearmint Energy. Utility AES Corp (AES.N) has stockpiled supplies of the equipment it needs to build battery storage projects through 2025, a company spokesperson said. A shortage of raw materials that has contributed to transformer supply delays is unlikely to ease soon, manufacturers said. The supply-demand dislocation has worsened with the rapid scale-up of wind, solar and storage projects.

Persons: Nick Oxford, Vanessa Witte, Wood Mackenzie, Ben Pratt, Pratt, we've, Reagan Farr, Farr, Andrew Waranch, Waranch, Marco Terruzzin, Doug Banty, Banty, John Darby, Nicole Jao, Simon Webb, Nick Zieminski Organizations: REUTERS, AES, Nova Clean Energy, Silicon, Spearmint Energy, Developers, American Clean Power Association, U.S . Energy Information Administration, AES Corp, MGM, Niagara, Thomson Locations: Big Spring , Texas, U.S, Chicago, Swiss, China, California, Russia, Ukraine, New York

☆ Solar stocks could rebound in 2024 after a brutal year but interest rates will make or break the recovery
▼ + stars: | 2023-11-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Solar stocks could rebound in the second half of 2024 after taking a beating this year, though the industry's recovery depends largely on whether the Federal Reserve raises interest rates again. The rally comes as the residential solar industry looks toward the end of a rough year, with demand softening significantly as repeated rate hikes made installations unattractive for consumers. "The big headwind is interest rates," said Julien Dumoulin-Smith, a stock analyst who covers clean energy for Bank of America. Inventory problem The residential solar companies misread the market this year after a record 2022. The residential solar stocks will probably be broadly revisited on the buyside sometime around the spring of 2024, Blanchard said, though this also depends on what the Federal Reserve does with interest rates.

Persons: SolarEdge, Julien Dumoulin, Smith, we're, Corinne Blanchard, Blanchard, Wood Mackenzie, Jerome Powell, Goldman Sachs, James West, orderbook, West Organizations: Federal Reserve, Treasury, Bank of America, Deutsche Bank, Federal, Golden State, Utilities, Evercore ISI Locations: Dumoulin, California, Golden

☆ Coal free by 2070? India’s push toward renewables won't stop coal reliance for the next two decades
▼ + stars: | 2023-11-03 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

The country's leaders have been optimistic about its path to net zero, making bold claims that 50% of its power generation will come from renewables by 2030, and 100% by 2070. "This heightened power demand necessitates a reliable, cost-effective, and consistent power generation source, which coal currently fulfills," he highlighted. Nearly 10% of the country's electricity demand comes from space cooling and this will increase ninefold by 2050, the IEA said. Unreliable renewablesDespite being able to produce cheap wind and solar energy, only 22% of India's power generation is met by renewables. These complexities render it challenging to rely solely on renewables for consistent and dependable power generation," Narayan said.

Persons: Money Sharma, Anil Kumar Jha, Jha, Neshwin Rodrigues, Prakash Singh, Sooraj Narayan, Wood, Sooraj Narayan Wood Mackenzie, Narayan, Sumant Sinha, Sinha, CNBC's, Wood Mackenzie's Narayan Organizations: Afp, Getty, Coal, CNBC, National Thermal Power Corporation, International Energy Agency, Ministry of Coal, Jha, Bloomberg, Investment, Invest India, Nurphoto Locations: Uttar Pradesh, India, Coal India, Dadri, Asia, Uttarakhand, Kerala

☆ Insight: US solar panel manufacturing boom threatened by cheap imports
▼ + stars: | 2023-11-03 | by ( Nichola Groom | ) www.reuters.com time to read: +7 min

[1/5] Solar panels from SunPower are installed on residential buildings at a model home display in the Eureka Grove neighborhood of Granite Bay, California, U.S., October 5, 2021. But global solar panel prices have collapsed due to a wave of new Asian production capacity in recent months, leading many in the U.S. solar industry to worry many of these proposed factories may be uneconomical. U.S. officials have repeatedly warned that over-reliance on Chinese clean energy technology could pose a security risk similar to Europe's historical dependence on Russian natural gas. A White House spokesperson did not respond to questions about recent market challenges facing domestic solar manufacturers, but said Biden's policies had generated a huge wave of investment and were revitalizing American manufacturing. Mike Carr, executive director of the Solar Energy Manufacturers for America trade group, said factories could be delayed, extending U.S. dependence on China.

Persons: Nathan Frandino, Joe Biden’s, ”, Edurne Zoco, Wood Mackenzie, Mike Carr, ” Carr, Brian Lynch, Jekyll, Hyde, Lynch, Danny O'Brien, Meyer Burger, Hari Achuthan, Richard Valdmanis, David Gregorio Our Organizations: REUTERS, P, U.S . International Trade Commission, Companies, Reuters, Energy, Solar Energy Manufacturers, America, Insights, U.S . Commerce Department, Solar Energy Industries Association, Convalt Energy, Treasury Department, Commerce Department, Thomson Locations: Eureka Grove, Granite Bay , California, U.S, Europe, China, United States, Malaysia, Thailand, Cambodia, Vietnam, India, Mexico, Hanwha, Colorado, Asia, New York, Maine

SINGAPORE, Oct 31 (Reuters) - At least three Chinese companies including state giant China National Offshore Oil Company (CNOOC) are evaluating Shell's Singapore assets and considering non-binding bids in coming weeks for the city-state's oldest refinery, according to several sources familiar with the matter. CNOOC, the parent of offshore oil and gas major CNOOC Ltd , operates a joint refining-petrochemical complex with Shell in southern China. However, Sinopec Corp's president said in late August it was not interested in the Shell assets. Two of the sources said Shell had set a preliminary Nov. 5 deadline for proposals, although that could be extended. A Wanhua spokesperson said he was not aware of the company's potential interest in the Shell assets.

Persons: Shell, Goldman Sachs, CNOOC, Sinopec, Rongsheng, Eversun, Salmon Lee, Chen Aizhu, Trixie Yap, Tony Munroe, Florence Tan, Kim Coghill Organizations: Offshore Oil Company, Singapore, Reuters, Eversun Holdings, Wanhua, Shell, Hengli Petrochemical, China National Petroleum Corp, Privately, Thomson Locations: SINGAPORE, China, state's, Singapore, Bukom, Jurong, PetroChina, Huizhou, Guangdong, Fujian province, Putian, Shandong province, Asia, Southeast Asia

New drilling technologies during the so-called Bakken Boom turned North Dakota into the nation's second-largest crude oil-producing state from 2012 to 2020. "This sale is a big deal in North Dakota," said Ron Ness, head of the North Dakota Petroleum Council, an industry trade group. "There's a sentimentality to this sale," said Kathy Neset, who runs a prominent North Dakota oil industry consulting firm and counts Hess as one of her largest clients. Chevron could take Bakken production higher than the output targeted by Hess in the future, said Matthew Bernstein, a senior analyst at Rystad Energy. Bakken oil production could drop to 1.15 million bpd from 2026 and be flat through 2030, before entering gradual decline as inventory exhaustion sets in, said Nathan Nemeth, a principal analyst at Wood Mackenzie.

Persons: Dado Ruvic, Hess, Boom, Mike Wirth, Wirth, Ron Ness, Kathy Neset, Matthew Bernstein, Bernstein, Jessie Jones, Jones, Nathan Nemeth, Wood Mackenzie, Stephanie Kelly, Ernest Scheyder, Marguerita Choy, Simon Webb Organizations: Chevron, Hess, REUTERS, Gulf Coast, Reuters Graphics Chevron, North Dakota Petroleum Council, Rystad Energy, Reuters Graphics Reuters, Energy, Thomson Locations: North Dakota, New Mexico, Gulf, Gulf Coast ., Midland, Texas

Graphite is used in virtually all EV battery anodes, which is the negatively charged portion of a battery. Their announcement boosted China's exports in July as overseas buyers rushed to lock in supply, while the launch of the restrictions slashed exports in August-September. It also makes more than 90% of the final processed material for EV battery anodes. "We have been waiting for (China's) graphite exports to slow," said John Meyer at SP Angel. "Having overproduced synthetic graphite we reckon China is also keen to keep this material within China to meet rapid growth in EV battery demand."

Persons: Phil Noble, Tom Burkett, James Willoughby, Wood Mackenzie, Daisy Jennings, Gray, Willoughby, John Meyer, Polina Devitt, Amy Lv, Eric Onstad, Veronica Brown, Josie Kao Organizations: REUTERS, EV, Global Graphite Advisory, Companies, Benchmark Mineral Intelligence, SP, Thomson Locations: Manchester, Britain, BEIJING, China, Canada, Africa, Australia, Brazil, U.S, Wood, Japan, United States, South Korea, India

☆ India and Japan will be Asia's next power couple
▼ + stars: | 2023-10-19 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

Indian Prime Minister Narendra Modi welcomes Japan Prime Minister Fumio Kishida upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Evan Vucci/Pool via REUTERS Acquire Licensing RightsBENGALURU, Oct 19 (Reuters Breakingviews) - India and Japan are edging closer. Prime Minister Narendra Modi and Prime Minister Fumio Kishida's governments form part of the so-called Quad security grouping with the United States and Australia to counter Chinese expansionism in Asia. Now the two countries are setting up an investment fund together. That’s delivering on a pledge by Kishida to invest 5 trillion yen, or some $42 billion, into India over the next five years.

Persons: Narendra Modi, Fumio Kishida, Evan Vucci, Fumio, Kishida, Wood Mackenzie, Sajjan Jindal, India’s, Lakshmi Mittal, JBIC, Una Galani, Thomas Shum Organizations: Indian, Japan, Bharat, REUTERS Acquire, Rights, Reuters, National Investment, Infrastructure Fund, Japan Bank, International Cooperation, Japan External Trade Organization, Nippon Telegraph, Telephone, Reuters Graphics, Teck Resources, Nippon Steel, ArcelorMittal, Japan Fund, Thomson Locations: New Delhi, India, Japan, United States, Australia, Asia, Reuters Graphics India, China, Russia, South, Teck, Indian

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