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Home2023July

Month: July 2023

Copper
Critical Minerals

Copper price hits three-month high amid demand hopes, supply risks

July 31, 2023 Mariel Alumit

Copper hit a three-month high as it headed for its biggest monthly advance since January, supported by growing optimism over Chinese demand and mounting supply risks in Chile On the demand side, Beijing’s leadership has […]

Exxon
Carbon Capture

CEO Darren Woods: Exxon Mobil Can Produce Lithium at ‘Much Lower Cost’

July 31, 2023 Mariel Alumit

Exxon Mobil Corp. plans to invest billions of dollars in low-carbon segments like carbon capture, biofuels and hydrogen. But the U.S. supermajor is also evaluating opportunities in lithium production, Exxon CEO Darren Woods said. As the […]

Sweden
Energy Transition

‘Take note Labor’: Sweden rejects wind farm project over its negative effect on environment

July 31, 2023 Mariel Alumit

Sky News host Rowan Dean says Sweden has rejected Vattenfall’s offshore wind farm project because it would negatively affect the environment. “Take note, Chris Bowen, take note Labor,” Mr Dean said. “Negative effects on the […]

Brazil
Crude Oil News

Brazil And Guyana Are Fueling Latin America’s Oil Resurgence

July 31, 2023 Mariel Alumit

Brazil, with 14.9 billion barrels of proven reserves, is aiming to boost oil output to 5.4 million barrels per day by 2029, potentially becoming the world’s fourth-largest oil producer. Guyana, following a series of discoveries […]

Klaus Schwab
Climate Crisis

Klaus Schwab’s Daughter: ‘Permanent Climate Lockdowns Coming – Whether You Like It or Not’

July 31, 2023 Mariel Alumit

The daughter of World Economic Forum founder Klaus Schwab has boasted that permanent ‘climate lockdowns’ are coming, whether people like it or not. According to Nicole Schwab, the COVID pandemic was a “tremendous opportunity” to […]

Billionaire
Crude Oil News

Billionaire Harold Hamm Sees a Great Oil Fortune Still Untapped in US Shale

July 31, 2023 Mariel Alumit

(Bloomberg) — The first thing that greets visitors entering the headquarters of billionaire Harold Hamm’s Continental Resources Inc. is a 9-foot-long statue of a snarling bull named Boe. Boe — short for barrels of oil […]

nuclear
Net Zero

First US nuclear reactor built from scratch in decades enters commercial operation in Georgia

July 31, 2023 Mariel Alumit

ATLANTA (AP) — The first new U.S. nuclear reactor to be built from scratch in decades is sending electricity reliably to the grid, but the cost of the Georgia power plant could make it a […]

Price
EIA News

Natural gas deliveries to U.S. LNG export facilities set a record in first-half 2023

July 31, 2023 Mariel Alumit

 July 31, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, and S&P Global Commodity InsightsNote: LNG=liquefied natural gas. LNG feed gas=natural gas delivered by pipelines to LNG export terminals. Natural gas […]

Climate Crisis

Why The World Just Can’t Kick Coal

July 31, 2023 Mariel Alumit

Authored by Robert Rapier via OilPrice.com, U.S. coal demand has decreased due to the increased availability of natural gas, growth in renewable energy sources, and stricter environmental regulations. Despite the decline in the US, global […]

EnergyNews

Northland transmission line to boost reliability as renewables replace power plants

July 31, 2023 Mariel Alumit

Large cross-country transmission lines carrying clean energy from remote rural areas to population centers will be a key strategy for reducing emissions. But as a project in Minnesota illustrates, the grid puzzle is more complicated […]

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