Tag: energy
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How Tether’s bitcoin mining plans in Uruguay unraveled
MONTEVIDEO/PARIS, Aug 21 : Uruguay seemed like the perfect place for cryptocurrency giant Tether to launch a bitcoin mining operation.The company, which has issued nearly two thirds of all stablecoins in circulation, picked this still largely agricultural corner of South America that has in recent years becom
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Oil prices rise as Trump sharpens Iran rhetoric amid talks impasse
Oil moved higher early Thursday after U.S. President Donald Trump sharpened his rhetoric against Iran.
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Nuclear power revival sparks global race, from uranium mines in Texas to seas of Japan
With uranium demand expected to double by 2040, countries are reopening mines, expanding enrichment capacity and exploring alternative fuels, seawater extraction and fusion technology, CNA’s The Nuclear Option finds.
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LG Energy, once fixed on EV batteries, jumps to Plan B
Aug 19 : A few years ago, battery manufacturer LG Energy Solution was racing to make cells for electric vehicles. Today, its focus has mostly flipped to a new product: energy storage batteries. Most of LG Energy’s North American factories are making energy-storage batteries, or gearing up to, said Robert L
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Diesel in California rises to $7 a gallon as wars in Europe and Middle East strain supply
Diesel prices are rising again just as farmers prepare for the harvest and freight transportation picks up ahead of the holiday shopping season.
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Ship attack in Hormuz results in one casualty while Trump says strait is ‘open and operating’
A ship transiting the Strait of Hormuz has come under attack, resulting in one casualty among its crew.
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Canada announces US$50 billion plan to boost clean energy
MONTREAL: Canadian officials announced plans on Monday (Aug 17) to massively enhance wind and hydropower generation in the eastern part of the country, in a project Ottawa called “the largest clean energy investment in North American history.”The tentative agreement between Prime Minister Mark Carney’s govern
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Oil prices rise as Iran rules out interim deal extension, threatens to escalate conflict
The U.S.-Iran deal was supposed to open the Strait of Hormuz while they negotiated a final deal on Tehran’s nuclear program within 60 days.
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Vista Energy up 5% after billionaire Peter Thiel buys stake in the Argentine shale oil producer
Peter Thiel’s hedge fund disclosed a $76 million stake in Argentine oil producer Vista Energy, sending its shares higher in premarket trading.
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Nvidia eyes investing $3 billion in SB Energy under OpenAI data center deal, Information says
Aug 15 : Nvidia is in talks to invest as much as $3 billion in SB Energy, a SoftBank Group subsidiary developing a massive planned Ohio data center project for OpenAI, the Information reported on Saturday, citing people familiar with the discussions.Here are some details:• The proposed investment is
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