The US Commerce Department announced plans to award Taiwanese semiconductor company GlobalWafers up to $400 million in government grants. This funding aims to significantly increase the production of silicon wafers, a crucial component in advanced …
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Texas Power Outages Linger After Hurricane Beryl, Exacerbating Heat Wave
Millions of homes and businesses in Texas remain without power five days after Hurricane Beryl made landfall. The storm, which brought fierce winds and heavy rain, caused widespread damage to power infrastructure. CenterPoint Energy, the …
Continue readingOil Prices Slip as Gaza Talks Ease Supply Worries, Hurricane Beryl Remains a Concern
Oil prices edged lower on Monday after a four-week rally, driven by easing concerns over supply disruptions due to potential ceasefire talks in Gaza. However, the potential impact of Hurricane Beryl on US oil production …
Continue readingTexas Energy Industry Braces for Hurricane Beryl, Shutdowns and Evacuations Underway
As Hurricane Beryl intensifies, the Texas energy industry is preparing for its impact. The storm, predicted to reach Category 2 strength before making landfall on the middle-Texas coast early Monday morning, poses a significant threat …
Continue readingTexas Ports Shutter as Tropical Storm Beryl Bears Down
As Tropical Storm Beryl intensifies, ports along the Texas coast are bracing for impact. Ports are enacting closures and restricting traffic to prepare for the storm’s expected landfall as a Category 1 hurricane later this …
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