The planet’s “largest all electric commercial aircraft” has completed its maiden flight, the latest example of a zero-emission form of transport taking to the skies. The Cessna 208B Grand Caravan took off from an airport in Moses Lake, Washington, on Thursday and used a 750-horsepower all-electric motor developed by a Redmond-headquartered company called magniX. Work
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Oil came under pressure on Friday, the last trading day of month, but it’s still on pace to post its best month in history as an uptick in demand as well as record supply cuts have pushed prices higher. West Texas Intermediate, the U.S. oil benchmark, is on track to finish May with a gain
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Apache Corporation has revealed that it will list its common stock solely on the Nasdaq Stock Market from June 9. The company said it will discontinue listing its common stock on the New York Stock Exchange and the Chicago Stock Exchange after the market closes on June 8. Apache added that it will discontinue listing its 7.75 percent notes due 2029 from the New York
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BERLIN/FRANKFURT (Reuters) – Germany’s government on Friday failed to agree on a national hydrogen (H2) strategy, with ministers divided over proposed capacity and implementation times for the long-awaited plan to help decarbonise the economy and cut carbon dioxide emissions. Electrolysis is a carbon-free process, if powered by renewable electricity, to extract “green” hydrogen from water.
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Subsea 7 S.A. has revealed that it expects to slash around 3,000 people from its global workforce of 12,000 by the end of the second quarter of next year. The company anticipates that two-thirds of the reduction would affect its non-permanent workforce and one-third would impact permanent employees. Subsea 7 said discussions with employee representatives
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(Bloomberg) — When 62-year-old Tomas Morales registered a fever of 101.3 Fahrenheit on April 14, the doctor told him to self-isolate. But there was a problem: Morales was on an oil platform off the Mexican coast only reachable by helicopter, and he shared a bedroom with three other workers. Morales improvised, using a curtain to
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