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German semiconductor manufacturer Infineon has entered into a partnership with US-based supplier Visteon, a specialist in cockpit electronics. The aim is to advance the development of next-generation electric vehicle drivetrains. The two partners plan to integrate power converters based on Infineon semiconductors. Particular focus will be placed on wideband gap semiconductors, which offer significant advantages over silicon-based devices in power conversion applications. According to Visteon, these components deliver higher power density, improved efficiency, and better thermal performance, contributing to enhanced energy efficiency and reduced system costs for the next generation of automotive power conversion modules. Future EV drivetrain applications from…

HOUSTON (AP) — Sweltering heat more commonly seen in the throes of summer than in the spring was making an unwelcome visit this week to a large portion of the U.S. – from the Dakotas to Texas and other parts of the South – and putting millions of Americans on alert for potentially dangerous temperatures. In Austin, forecasters warned that the early heat wave could break a century-old record for May of 104 degrees Fahrenheit (40 degrees Celsius).“Definitely more like August this week than May,” said Cameron Self, a meteorologist with the National Weather Service’s office in the Houston and…

Cerulean Winds Ltd. signed a charter on Monday confirming more than 1,000 jobs including 100 apprenticeships in the Aspen wind project on the United Kingdom side of the North Sea. The 1-gigawatt (GW) project is expected to attract GBP 10.9 billion ($14.43 billion) in investment, including GBP 5.9 billion during development and construction, over its 50-year lifespan. Aspen would also deliver GBP 4.1 billion Gross Value Added to the UK, of which GBP 2.8 billion would be for Scotland, according to Cerulean Winds. “Having our delivery partners already in place, working together to a shared goal means that we’re able…

Tokyo-based climate tech company Asuene announced the acquisition of carbon management and accounting platform nZero, marking an expansion for the company into the North American and U.S. greentech and corporate sustainability markets. Founded in 2019, Asuene, with some 10,000 clients worldwide, offers a variety of services supporting companies’ net zero targets, including CO2 emissions measurement, reduction and reporting, as well as greenhouse gas consulting services. Nevada-based nZero, founded in 2021, offers a real-time carbon management and accounting platform, automating and streamlining energy data collection and using AI to optimize costs and emissions. The platform provides NGOs, government agencies and businesses…

Canadian Natural Ltd has reported adjusted earnings of CAD 1.16 ($0.83) for the first quarter, higher than CAD 0.68 from the previous-year quarter. The earnings figure, which is adjusted for non-recurring items, surpassed the Zacks Consensus Estimate of $0.73 per share. The company said in an earnings release it posted a record quarterly average production in the first quarter of around 1.6 million barrels of oil equivalent per day (boepd), consisting of total liquids production of approximately 1.2 million barrels per day (bpd) and natural gas production of 2.45 billion cubic feet per day. Canadian Natural’s Oil Sands Mining and…

Impact investor Acumen announced the appointment of Carsten Stendevad as its new President and Chief Investment Officer. Established in 2001, New York-based Acumen is a global nonprofit impact investment firm, focusing on helping communities meet energy and food needs. Stendevad joins the firm from Bridgewater Associates, where he served as Partner and Co-Chief Investment Officer for Sustainable Investing. Prior to joining Bridgewater, Stendevad previously served as CEO of ATP, Denmark’s national pension fund, and Managing Director in Citi’s Investment Banking division. He has also worked for McKinsey & Co. and is Chair of the Board for the Danish Refugee Council,…

U.S. LNG exporter Venture Global more than doubled its first-quarter revenue from a year earlier as its Plaquemines and Calcasieu Pass plants have launched operations and exports in recent months. Venture Global reported on Tuesday revenues of $2.894 billion for the first quarter of the year, more than double compared to $1.414 billion for the same period in 2024.  Net income dropped by 39% to $396 million, largely driven by non-cash factors such as unfavorable changes in the fair value of our interest rate swaps, the company said. Income from operations jumped by 75% on the year, primarily due to higher LNG sales…

New Delhi: GAIL (India) Limited on Tuesday reported its highest-ever annual profit after tax (PAT) at ₹11,312 crore for the financial year 2024-25, a 28 per cent rise from ₹8,836 crore in the previous year.Revenue from operations rose 5 per cent to ₹1,37,288 crore in FY25 compared to ₹1,30,638 crore in FY24. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹19,168 crore, up from ₹15,583 crore, while profit before tax (PBT) increased to ₹14,825 crore from ₹11,555 crore in the year-ago period.The Board of Directors recommended a final dividend of ₹1 per equity share for FY25,…

Tourmaline Oil Corp. has signed two deals to continue its consolidation in Northeast British Columbia’s Montney gas play. Tourmaline said it entered into an agreement to acquire the balance of the jointly-owned Laprise-Conroy assets through the acquisition of Saguaro Resources Ltd., as well as a separate agreement to acquire assets located in the Greater Septimus area of the South Montney. The Calgary, Alberta-based company said in a news release it expects the acquisitions to close in the second quarter. The two transactions will add approximately 20,000 barrels of oil equivalent (boepd) of current production, an estimated 369.4 million barrels of oil…

Air New Zealand published new 2030 emissions guidance, a year after removing its 2030 targets – which it had said were no longer achievable – and withdrawing from the Science Based Targets initiative. Under its new guidance, Air New Zealand said that it expects to reduce its “well-to-wake” net greenhouse gas (GHG) emissions by 20% to 25% per cent by 2030, on a 2019 net emissions basis. Well-to-wake emissions encompass emissions from the jet fuel the airline uses, covering the entire life cycle emissions of the jet fuel. Inn 2024, Air New Zealand said that well to wake emissions counted…