JSE-listed Renergen says its Virginia gas project in the Free State could generate estimated earnings before interest, tax, depreciation and amortization (Ebitda) of between R5.7bn and R6.2bn. , once phases 1 and 2 have been completed, the plants are in full production. Renergen, in January announced that it had successfully produced both liquefied natural gas (LNG) and liquid helium from the Phase 1 pilot plant. Phase 2 will result in the construction of a significantly larger plant. Once completed, the company expects the Virginia project to deliver a substantial amount of energy to the South African economy, while transforming the…
Author: Automotivedealernews.com
Illustration: Sarah Grillo/AxiosJust when we thought we had figured out how to master a long road trip in an electric vehicle (EV), Mother Nature delivered one last lesson. Why it matters: We almost ruined our 2,500-mile electric adventure from Michigan to Florida and back because we had too much confidence in our car’s driving range.As we neared home in metro Detroit, a rapid drop in temperature, along with snow and slush, made us feel range anxiety again.We blame Ohio. The state is billed as a growing hub for battery and electric vehicle manufacturing, and yet the stretch of I-75 from…
Castrol, a leading player in automotive, industrial and marine lubricants, today announced its new marine cylinder oil – Castrol Cyltech 40 XDC (eXtra Deposit Control) – is now available at key shipping centers in South Korea, the United Arab Emirates (UAE). and Japan, with plans to expand the offering globally this year. Following this latest availability milestone, the new cylinder oil will be launched in Hong Kong, followed by the Chinese cities of Beilun, Dalian, Fangchang, Qingdao, Rizhao, Shanghai, Taiceng and Yantai. This expansion is intended to continue in the coming months in Europe and the US, including Belgium, the…
Tesla has cut the price of its Model 3 and Model Y cars for the second time this year. It follows a similar move the manufacturer made in January, and is seen as an attempt to offload stock that is taking its time to shift. The cuts vary in amount with, for example, the price of a Model 3 reduced by up to 8.3 percent.Source: Tesla UK website Meanwhile, six percent reductions can be made on the Y model. January’s price cut caused Model Y monthly payments to soar 57% in one day due to falling residuals. It also saw…
3 hours agoAsia tech shares fall after Powell’s commentsShares of tech companies in Asia fell sharply on Wednesday after comments from US Federal Reserve Chairman Jerome Powell.The Hang Seng Tech index was down 3.7% in the afternoon session, with JD.com down 4.7% and Alibaba trading 3.56% higher.In South Korea, SK Innovation and SK Hynix also fell 3% and 2.47% respectively, and Samsung Electronics was also up 0.82%.Shares of Taiwan Semiconductor Manufacturing (TSMC) and MediaTek also fell in Taipei.- Jihye Lee3 hours agoVinFast’s CEO is bullish on the long-term demand for electric vehicles VinFast’s CEO is positive about long-term demand for…
There simply aren’t enough young people entering the oil and gas workforce lately. That’s what Neil Bradshaw, Petroplan’s head of permanent procurement for EMEA, told Rigzone, adding that “it’s going to be a real potential challenge in the coming years for companies in a global industry that has traditionally experienced challenges with the skills shortage.” “In a recent study, 58 percent of millennials questioned said they would avoid working in a particular sector just because they believe it has a negative image, with oil and gas being considered the least attractive globally.” Bradshaw said. “Over the past five years, the…
Mercedes boss Toto Wolff says his team must make an immediate call on the design direction of its Formula 1 car as it cannot afford to split resources between different projects. The German manufacturer endured a difficult F1 season opener in Bahrain last weekend, with its W14 proving much slower compared to rivals than it had anticipated. The gap to pace-setter Red Bull is immense and, having been overtaken by client team Aston Martin, Wolff has already admitted that Mercedes’ current concept will not be good enough to become a winner of the title While this points to a new…
Representative imageThat Bacardi Rum ad. Or for men’s underwear and hairdressing brands such as Damensch, XYXX or The Man Company. Or Castrol Lubricants, maker of Marlboro cigarettes, Philip Morris among others. Did you know that the person in charge of how these categories are marketed are women? Yes, you read that right.Many of the top positions in organizations that are otherwise perceived as male-dominated are now held by women. What are the opportunities and challenges they experience on a daily basis?Zeenah Vilcassim, Marketing Director of Bacardi, shared: “We are often our own biggest critic. When I started my career, I…
The numbers don’t add up. Literally The world’s most watched energy statistics have a problem, and it’s gotten worse over the past two years. We’re talking about EIA’s U.S. crude oil supply, demand and inventory balances, which are released every week and are released about 60 days later in monthly data. The problem is that the balances don’t balance. The EIA uses a plug number alternately called “adjustment” or “unaccounted for” to force supply and demand to match. This would not be a problem if the connector number was small and frequently changed from positive to negative, probably due to…
Motoring fans across the country got a big dose of “the new” last weekend, with Formula 1 and the IndyCar Series kicking off their respective 2023 seasons. This weekend is the turn to a category much closer to home: the Supercars. The first round of the Supercars season kicks off this coming Friday in Newcastle with a pair of practice sessions, with qualifying and two big 250km races planned for the weekend. A handful of new faces and a couple of brand new cars make for a fascinating event. Fascinating? You mean Shane van Gisbergen it is not we will…