Utilities
Vestas Warns UK Wind-Auction Change Threatens Factory Investment
A UK proposal to relax criteria for offshore wind developers taking part in project auctions threatens to undermine confidence to invest in factories needed for the farms, Vestas Wind Systems A/S said.
Valero Energy reports first-quarter loss amid challenging market conditions
Valero Energy, a leading American refiner, reported a net loss of $595 million, or $1.90 per share, for the first quarter of 2025, marking a significant reversal from the $1.2 billion profit, or $3.75 per share, recorded during the same period last year.
Shell agrees to sell Colonial Enterprises stake to Brookfield subsidiary for $1.45 billion
Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc, has reached an agreement to sell its 16.125% interest in Colonial Enterprises, Inc. to a wholly owned subsidiary of Brookfield Infrastructure Partners L.P. and its institutional partners in a deal worth $1.45 billion.
