Energy
Shares surge as trading begins
Saudi Aramco, the world’s largest initial public offering (IPO), surged past expectations as it debuted on the country’s stock exchange on Wednesday morning. Shares of the state-owned oil company rose to 35.2 Saudi riyals ($9.38) from 32 riyals in early deals in Riyadh, up 10% and hitting their daily limit. The price gives it a …
Will Cameron LNG Make or Break Sempra Energy?
Sempra Energy (NYSE:SRE) was among the first wave of US companies that applied to federal regulators to build projects that liquefy and export natural gas following the shale gas boom of the 2000s. Its Cameron LNG project in Louisiana has encountered some problems since then, but are they serious enough for investors to consider steering …
Companies Dust Off Old Technology in Search of High-Quality Recycled Plastic
Big makers and users of plastic packaging are betting on a recycling technology that has failed for decades to take off, as a public backlash and new rules push them to find ways to cut waste and greenhouse-gas emissions tied to plastic. Plastic makers like BP PLC and Dow Inc., and packaging users like Coca-Cola …
3 Game Changing Electric Vehicle Technologies
Millions of electric cars are to hit the market next year as every self-respecting carmaker submits its lineup of plug-in vehicles for the environmentally conscious. Sales forecasts for these electric gems vary but tend to be generally optimistic, so carmakers’ hopes run high. There is just one small problem with this perfect picture: range anxiety. …
Tips for saving energy with smart-home technology
Q: I’d like to use a smart-home or connected-home device to lower energy bills, but I’m not very tech savvy. How do I get started? A: Transforming your home into a smart home is a great way to conserve energy and save money. I have a few suggestions that can help you avoid too much …
Clean energy technology was thought to be uninvestable. One fund thinks otherwise
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Venture capital funding for clean energy technology companies has declined after years of lackluster performance drove investors to other sectors. But a new fund is making a big bet that it’s possible …
Renewable energy: Rise in global wind speed to boost green power
Image copyright Getty Images Image caption Rising winds are boosting energy production from turbines A new study suggests that global wind speeds have increased substantially since 2010 after decades of decline. Scientists say they believe that changes in the patterns of ocean and atmospheric circulation are behind the rise. The researchers say the discovery is …
China’s key role in scaling low-carbon energy technologies
Summary Meeting the goals of the Paris Agreement will require net zero greenhouse emissions by 2050 and substantial reductions before then. It will also require collaboration with China, which has emerged as the global leader in the mass production of low-carbon energy technologies (LCETs). In part because of China’s investments in manufacturing, the LCETs required …
Pelican Energy Invests in Oil-field Safety Technology
Pelican Energy Partners has invested in Shepherd Safety Systems LLC, betting the provider of hazardous-gas monitoring systems can expand even as demand for energy services slows. Shepherd develops technologies that enable energy companies to remotely monitor the levels of hydrogen sulfide, or H2S—a potentially lethal gas—present in their operations. The gas often seeps from oil …
Bullish momentum persists, S&P 500 sustains break to uncharted territory
Technically speaking, the major U.S. benchmarks have sustained a break to record territory amid still conspicuously muted November selling pressure. Against this backdrop, the big three benchmarks remain near-term extended — and are due a cooling-off period, if not a corrective pullback — though the more important longer-term market bias remains comfortably bullish. …