Shell, one of the world’s largest energy companies, reported a decline in its fourth-quarter profit, with earnings dropping to $6.36 billion. This represents a decrease compared to the same period in the previous year, reflecting challenges in the oil and gas markets. The company attributed the decline to lower refining margins and weaker trading results in the gas sector. Despite this drop, Shell remains a dominant force in the industry, maintaining its financial strength through diversified operations.
French officials propose an interest-free loan to EDF for constructing six nuclear reactors, supporting France's energy transition and decarbonization goals amidst political and economic challenges. Learn more about Europe's nuclear revival.
Tropical Storm Maria struck Japan's northern Iwate region on Monday, bringing heavy rain that disrupted flights and rail services and led to evacuations in some areas. So far, there have been no reports of casualties.
Hurricane Debby has left a significant impact on Florida, with more than 113,000 homes and businesses still without power as of Tuesday, according to PowerOutage.us. This number has thankfully decreased from the 350,000 outages reported at the height of the storm on Monday, but the situation remains dire for many residents. The hurricane, now downgraded to a tropical storm, continues to move northward, bringing the threat of torrential rain and flooding as it heads toward Georgia and the Carolinas.
Florida is currently facing a "broad, sloppy" weather system that forecasters believe could develop into a tropical storm over the weekend, potentially taking the name Debby. The system, which is currently situated over Cuba, is expected to move into the Gulf of Mexico, where it could become more organized and gain strength.
For the first time in recorded history, Santiago and Chile's metropolitan region experienced a completely dry July, with not a single drop of rain falling throughout the entire month. This alarming event has sparked widespread concern, as it marks a significant deviation from the region's typical weather patterns.
North Macedonia’s crisis management officials report that thousands of hectares are ablaze, with half the country engulfed in flames. Strong winds are complicating firefighting efforts, according to Goran Stojanovski, an official from the department. In Croatia, a fire is scorching about 450 hectares (1,100 acres) of pine forest around the coastal town of Sibenik.
On July 30, 2024, Kerala’s Wayanad district faced a devastating natural disaster as torrential rains triggered massive landslides, leading to significant casualties and damage. This picturesque area, known for its tea estates and as a popular tourist destination, experienced a crisis that has primarily affected local residents. All tourist excursions had been halted since Monday due to the rain, isolating visitors and complicating rescue efforts.
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