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Alternative asset management firm TPG announced today an agreement by its climate investing platform TPG Rise Climate to acquire a majority stake in UK-based power market analytics provider Aurora Energy Research. Founded by University of Oxford professors and economists in 2013, Aurora provides power market forecasting and analytics for critical investment and financing decisions through a proprietary data, analytics, and software platform. The company includes more than 600 professionals across 17 offices globally, with backgrounds across energy, finance and consulting, covering areas including power, hydrogen, carbon and fossil commodities. Dr John Feddersen, Founder and CEO of Aurora Energy Research, said:…
Citi has downgraded Constellation Energy after the power company signed a major deal with Meta that indicates nuclear plant owners might not receive that high of a price premium for their electricity. Meta agreed to buy about 1.1 gigawatts of power from the Clinton Clean Energy Center in Illinois for a 20-year period that begins in 2027. Constellation stock rose as much as 9% intraday Tuesday on the deal, before closing slightly lower at $313.03 per share. Citi now rates Constellation as neutral and high risk, setting a stock price target of $318, which implies upside of less than 2%.…
BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension funds and other state-run investment accounts — which manage more than $300 billion of assets — will be allowed to purchase BlackRock shares, invest in its exchange-traded funds and hire the firm for advice and risk management. Inclusion on the list resulted in some Texas entities pulling billions of dollars of assets from the firm. State Comptroller Glenn Hegar said BlackRock had rolled back many of its green-focused initiatives, including exiting the Net…
Auto manufacturers are warning of new supply chain disruptions tied to a global shortage of rare earth magnets, a key component in electric vehicle motors and advanced drivetrains. The shortage is being driven by new tariffs and export restrictions from China, which dominates global rare earth production. What’s RelatedSome European suppliers are already feeling the impact. According to a Reuters report, multiple auto parts plants in Europe have begun shutting down due to limited supplies of rare earth magnets. The ripple effects are expected to spread quickly to US automakers and suppliers. The report noted that “a number of automakers…
In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, said the July natural gas contract “extended its rebound to $3.722 yesterday, recovering nearly the entirety of last week’s losses to close within 0.3¢ of the Friday before Memorial Day”. Rubin added in the report, however, that “exceptional Henry Hub spot weakness dragging prices to $2.82 (90¢ behind the front-month) reveals soft fundamentals and may restrain immediate term upside”. The EBW analyst went on to state in the report that “DTN’s weather forecast is little changed, while other meteorologists…
By Julianne Geiger – Jun 04, 2025, 9:38 AM CDT Crude oil inventories in the United States fell by 4.3 million barrels during the week ending May 30, according to new data from the U.S. Energy Information Administration released on Wednesday.Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a drop of 3.3 million barrels in U.S. crude oil inventories, with a sizable build in gasoline stocks.At 10:21 am in New York, the Brent benchmark was trading up $0.18 per barrel (+0.27%) at…
Jadestone Energy plc has appointed Thomas Mitchell Little as Chief Executive Officer (CEO) effective June 1. The independent upstream production and development company focused on the Asia-Pacific region said in a media release that Little has relocated to its head office in Singapore. Jadestone said Little will be responsible for the delivery of its existing strategy, with the group aiming to become the leading upstream independent in the Asia-Pacific region through both organic and inorganic growth. Little has over 30 years of experience in the upstream oil and gas industry, primarily with Marathon Oil Company from 1987 to 2020. He…
A recent study by Peerless Research Group shows that labor shortages and rising labor costs remain the top reasons companies adopt robotics in warehouses and distribution centers. What’s RelatedThe January 2025 survey, conducted for Logistics Management, Modern Materials Handling, and Supply Chain Management Review, gathered responses from 217 professionals directly involved with robotic automation. The results provide a snapshot of the industry’s current state and future prospects. Key findings Top drivers of robotics adoption: 55% cited labor availability constraints as the #1 motivator 42% cited labor costs Additional motivators include improving worker productivity and reducing physical strain Top robotics use…
Oxford University’s Saïd Business School and accounting organizations AICPA & CIMA announced today the launch of the Sustainability Reporting and ESG Data Management Programme, a new executive management program focused on sustainability reporting strategies. According to Amir Amel-Zadeh, Associate Professor of Accounting at Saïd Business School, the new course comes as companies face a series of new sustainability reporting compliance requirements, and are moving from a voluntary reporting environment to mandatory sustainability reporting systems. Amel-Zadeh said: “Finance leaders sit at the intersection of strategy, compliance, and value creation. Fluency in sustainability reporting and ESG data management is therefore key. This…
What’s driving the air cargo market right now? Tariffs, technology, staffing shortages — and plenty of uncertainty. What’s RelatedIn the latest Logistics Management podcast, Airforwarders Association Executive Director Brandon Fried joined Group News Editor Jeff Berman to break down what’s happening across the air cargo sector. From shifting e-commerce flows to outdated airport infrastructure, here are 5 key takeaways from the conversation: 1. Tariffs are fueling major uncertainty The back-and-forth over U.S.-China tariffs continues to disrupt planning for forwarders and shippers. Fried said the current 90-day tariff reprieve led to a 17% increase in ocean freight rates on Pacific lanes,…