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China Geely Auto's full-year profit jumps 18 percent, shares climb

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BEIJING (Reuters) – China’s Geely Automobile Holdings posted an 18 percent jump in annual net profit, driven by higher sales of its sedans and sports utility vehicles (SUVs), but forecast flat sales growth in 2019 due to uncertainty about domestic demand. FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 Read More

China's Geely posts 18 percent profit jump, predicts flat 2019 sales

1 hour ago DieselGasoil Comments Off on China's Geely posts 18 percent profit jump, predicts flat 2019 sales
BEIJING (Reuters) – China’s Geely Automobile Holdings Ltd said higher sales of its sedans and sports utility vehicles (SUVs) drove 2018 net profit up 18 percent, but forecast flat sales growth for this year due to uncertainty about overall domestic demand. FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 Read More

Ford adds production of electric vehicles at second North American site

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DETROIT (Reuters) – Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year. FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, Read More

Equinor awards Johan Sverdrup contract for subsea production system

16 hours ago DieselGasoil Comments Off on Equinor awards Johan Sverdrup contract for subsea production system
3/20/2019 Johan Sverdrip field in the North Sea. Photo: Arne Reidar Mortensen/Equinor ASA. STAVANGER — On behalf of the Johan Sverdrup license, Equinor is awarding a contract for constructing and installing the subsea production system for project phase 2 to TechnipFMC. The production system consists of five templates and a total of 18 X-mas trees Read More

BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros

19 hours ago DieselGasoil Comments Off on BMW delivers 2019 profit warning and plan to cut costs by 12 bln euros
MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year, it said on Wednesday as it announced a sweeping 12 billion euro ($13.6 bln) savings and efficiency plan to help offset higher technology investment and currency costs. FILE PHOTO: The BMW logo is seen on the wheel of Read More

Sunrun Illustrates Potential for Home Solar and Batteries as Wildfire Mitigation Solution

2 days ago DieselGasoil Comments Off on Sunrun Illustrates Potential for Home Solar and Batteries as Wildfire Mitigation Solution
SAN FRANCISCO, March 19, 2019 (GLOBE NEWSWIRE) — Ahead of this week’s Wildfire Technology Innovation Summit in Sacramento, Sunrun Inc. (Nasdaq: RUN), the nation’s leading home solar, battery and energy services company, today issued a new technical analysis describing the role that distributed energy resources, such as home solar and batteries, can play in providing Read More

U.S. renewable electricity generation has doubled since 2008

2 days ago DieselGasoil Comments Off on U.S. renewable electricity generation has doubled since 2008
March 19, 2019 Renewable generation provided a new record of 742 million megawatthours (MWh) of electricity in 2018, nearly double the 382 million MWh produced in 2008. Renewables provided 17.6% of electricity generation in the United States in 2018. Nearly 90% of the increase in U.S. renewable electricity between 2008 and 2018 came from wind Read More

Johan Sverdrup living quarters topside ready for sail-away

3 days ago DieselGasoil Comments Off on Johan Sverdrup living quarters topside ready for sail-away
3/18/2019 The Johan Sverdrup living quarters topside at Kværner Stord. Photo Kværner ASA. STAVANGER — With 560 beds the Johan Sverdrup living quarters topside is the largest of its kind in Norway. The fourth and last platform for the first phase of the giant project is now ready for sail-away from Kværner’s yard on Stord Read More

Low Carbon Heat Recovered from Wastewater: Second District Heat Network Powered by SHARC Energy Technology

3 days ago DieselGasoil Comments Off on Low Carbon Heat Recovered from Wastewater: Second District Heat Network Powered by SHARC Energy Technology
VANCOUVER, British Columbia, March 18, 2019 (GLOBE NEWSWIRE) — Sharc International Systems Inc.  (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or “the Company”) is pleased to announce that the Company’s UK subsidiary SHARC Energy Systems (“SHARC Energy”) have been appointed to support the development of the new low temperature District Heating Scheme (“DHS”) in Stirling, Read More