Brent Whitehead and Matt Lohstroh at the Texas A&M versus Alabama football game. Matt Lohstroh HOUSTON — When Brent Whitehead and Matt Lohstroh were sophomores at Texas A&M University, they decided to get into the business of mining bitcoin on the oil fields of East Texas. The year was 2019, and at the time, the
Environment
In this article IAG-GB AIR-FR Sustainable aviation fuel’s main challenge relates to volume rather than airlines’ desire to use it, and consumers will be willing to pay the extra costs associated with its uptake, the director general of the International Air Transport Association told CNBC Friday. “I think quantity is the main issue at the
Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil prices jumped in afternoon trading Friday amid escalating tensions between Ukraine and Russia, with the U.K. advising British nationals to leave Ukraine immediately. A Downing Street spokesperson also
Nuclear fusion powers the Sun. Pierre Longnus | The Image Bank | Getty Images Researchers working on a project centered around fusion energy — the process that powers stars — have hailed “record-breaking” results produced by a landmark experiment in the U.K. Engineers and scientists from the EUROfusion consortium were able to produce 59 megajoules of heat energy from fusion across a
In this article GM GM’s 60-second Super Bowl ad stars actor and comedian Mike Myers reclaiming his role as Dr. Evil from the spy comedy trilogy “Austin Powers” that debuted from 1997 to 2002. It also features Dr. Evil’s sidekicks played by Rob Lowe, Seth Green and Mindy Sterling. GM DETROIT – General Motors will
This photograph taken on May 28, 2021 shows the new TotalEnergies logo during its unveling ceremony, at La Defense on the outskirts of Paris. CHRISTOPHE ARCHAMBAULT | AFP | Getty Images French oil major TotalEnergies on Thursday reported a sharp upswing in full-year profit, boosted by a huge rebound in commodity prices. The oil and
Left: A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. Right: An April 16, 2012 solar eruption is captured by NASA’s Solar Dynamics Observatory. SpaceX / NASA The sun has been hibernating – but it’s waking up, and the next few years may see more satellites damaged or destroyed by
Pensioners protest over rising fuel prices at a demonstration outside Downing street called by The National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England. Guy Smallman | Getty Images British households are facing the worst cost of living crisis for decades, as soaring inflation, declining real wages and an energy
choja | E+ | Getty Images Shares of Enphase Energy rose more than 16% during extended trading Tuesday after the company reported record revenues for the fourth quarter. The company beat analyst estimates on both the top- and bottom-line. Enphase, which makes microinverters and backup energy storage for solar systems, said sales jumped 17% quarter
The BP company logo is seen outside a petrol station on September 23, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Oil and gas giant BP on Tuesday reported a massive upswing in full-year net profit, supported by soaring commodity prices. The British energy major posted full-year underlying replacement cost
Saudi Arabia is reportedly restarting plans to list more shares of state oil giant Saudi Aramco, with recent reports saying the kingdom wants to sell as much as $50 billion, or 2.5% of the company. Executives are said to be weighing the sale of more shares, in what would be its largest sale ever, on
Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America. As a major winter storm descends on Texas, crypto miners are powering down operations to help ease the burden on the state’s already beleaguered power grid. The chief concern is that we might see a repeat of last
‘Bitcoin Family’ in Lisbon, Portugal Didi Taihuttu Didi Taihuttu, patriarch of the so-called ‘Bitcoin Family,’ is setting down roots in Portugal, Europe’s ultimate crypto tax haven. Settling down is a big deal for the Dutch family of five, who have traveled the world for the last five years. But after spending time in 40 countries,
In this article TSLA GS VOW3-DE A Volvo XC40 Recharge car on display at the 38th Thailand International Motor Expo 2021. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images Volvo Cars and Northvolt said Friday they would build a battery manufacturing plant in Gothenburg, Sweden, with construction set to begin in 2023. According to
A logo at a Shell Recharge electric vehicle charging hub, operated by Royal Dutch Shell Plc, after re-opening to the public following a replacement of petrol and diesel pumps, in London, U.K., on Thursday, Jan. 13, 2022. Chris Ratcliffe | Bloomberg | Getty Images LONDON — Britain’s Finance Minister Rishi Sunak has rejected fresh calls
A contractor for First Solar works on construction of a solar project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images The Biden Administration said Friday that it will extend Section 201 tariffs on imported solar cells and panels for another four years, but with several changes to existing provisions. The tariff rate
A gas station in Los Angeles on Dec. 10, 2021. FREDERIC J. BROWN | AFP | Getty Images Gas prices rose to the highest level in more than seven years Friday, on the heels of the U.S. oil benchmark topping $90 per barrel for the first time since 2014. The national average for a gallon
In this article SGRE-ES A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. PAUL ELLIS | AFP | Getty Images Siemens Gamesa Renewable Energy has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve. The
A pump jack at oil well and fracking site situated in cotton field in Shafter. Kern County Education Images | Universal Images Group | Getty Images U.S. oil crossed above $90 on Thursday for the first time since 2014 as demand for petroleum products surges while supply remains constrained. West Texas Intermediate crude futures, the
Shell petrol station logo on Sept. 29, 2021 in Birmingham, United Kingdom. Mike Kemp | In Pictures | Getty Images Oil giant Shell on Thursday reported a sharp upswing in full-year profit on rebounding commodity prices. The British oil major posted adjusted earnings of $19.29 billion for the full-year 2021. That compared with a profit