Hawaiian Electric has known for years that extreme weather was becoming a bigger danger, but the company did little to strengthen its equipment and failed to adopt emergency plans used […]
Energy and Power
Trending topics and news from the Energy and Power category
Back to news homeOffshore Wind Runs Into Rising Costs and Delays
Vattenfall, a Swedish energy company, has for years been doing preliminary work for what would be one of the world’s largest offshore wind complexes, in the North Sea off eastern […]
BP Reports Sharply Lower Earnings as Oil Prices Slide
Behind the NumbersThe sharp drop was largely due to lower prices for the oil and natural gas that the company produces and sells. Energy prices soared in the previous spring […]
Why Austria Is Struggling to Break Away From Russian Gas
In the 17 months since Moscow ordered soldiers into Ukrainian territory, countries across Europe have moved with surprising speed to reduce their longstanding dependence on cheap Russian gas.Germany, which got […]
Exxon Reports Leaner Earnings in Second Quarter
The NumbersExxon’s revenue declined in the latest quarter, to $82.9 billion from $115.7 billion a year earlier. The company reported earnings per share of $1.94, compared with $4.21 in the […]
North Sea Sees Potential Shift from Oil and Gas to Renewable Energies
The North Sea has long been host to some of the world’s busiest shipping lanes and hundreds of rigs for producing oil and natural gas. Now, if European leaders have […]
Why What We Thought About the Global Economy Is No Longer True
When the world’s business and political leaders gathered in 2018 at the annual economic forum in Davos, the mood was jubilant. Growth in every major country was on an upswing. […]
Why Are Food Prices So High in Europe? Sugar, Cheese and Bread Costs Soar
Agricultural and energy costs are falling, but basic items remain stubbornly expensive for consumers.It is the most basic of staple food items: sliced white bread. In Britain, the average price […]
Vary Energy Leans on Manure to Provide a Greener Future
Every day dozens of tanker trucks, many laden with pig manure and other kinds of agricultural waste, rumble through the gateway of an imposing steel-and-concrete plant in northeast Netherlands.This pungent […]
With Russia’s Exit, Norway Becomes Europe’s Energy Champion
The new front line for Europe’s energy security is a modest office building overlooking a fjord in Stavanger, Norway. Inside, a company called Petoro oversees three dozen of the largest […]