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Home2023July

Month: July 2023

Texas
Energy Transition

Texas to receive $60 million from U.S. Department of Energy to strengthen electric grid

July 11, 2023 Mariel Alumit

The Texas Division of Emergency Management will receive $60.6 million from the U.S. Department of Energy to strengthen the state’s power grid infrastructure in preparation for future extreme weather. The Energy Department announced Thursday that the grant […]

Price
Crude Oil News

Crude oil and natural gas proved reserves held by public companies fell slightly in 2022

July 11, 2023 Mariel Alumit

July 11, 2023 Data source: Evaluate Energy International proved crude oil and natural gas reserves held by 187 publicly traded global exploration and production (E&P) companies declined by 5.6 billion barrels of oil equivalent (BOE) […]

Kazakhstan
Geopolitical

Kazakhstan Turns to Russia to Help Plug Power Crisis

July 11, 2023 Mariel Alumit

The vulnerability of Kazakhstan’s vital oil and gas sector to the nation’s crumbling electricity network was exposed this week when a major power outage hit the west of the country with widespread repercussions for export […]

Iraq
Crude Oil News

Total: Iraq Deal Sends ‘Strong Signal’ to Investors

July 11, 2023 Mariel Alumit

TotalEnergies signed four contracts with Iraq’s oil ministry on Monday that will allow it to finally start work on a $10 billion energy megaproject that it first agreed in 2021. CEO Patrick Pouyanne said he hoped the […]

Billions
Grid

The Professor Helping Guide Billions in Climate Spending

July 11, 2023 Mariel Alumit

PRINCETON, N.J.—The federal government is spending billions, maybe trillions, of dollars to address climate change. A small group of researchers at Princeton University has played an outsized role in figuring out where that cash should […]

TotalEnergies
Crude Oil News

Iraq, TotalEnergies sign massive oil, gas, renewables deal

July 11, 2023 Mariel Alumit

BAGHDAD, July 10 (Reuters) – Iraq and French oil major TotalEnergies (TTEF.PA) on Monday signed a long-delayed $27 billion energy deal that aims to increase oil production and boost the country’s capacity to produce energy with four […]

Texas
Electrical Generation / Utilities

Batteries And Renewables Are Saving Texas During The Heat Wave

July 11, 2023 Mariel Alumit

Texas, along with much of the South, has been subject to a relentless, prolonged heat wave for several weeks – the kind of climate-fueled extreme weather event that scientists have warned us will happen with […]

Energy
Exploration and Production

Ring Energy Announces Accretive All Cash Asset Acquisition Strategically Expanding Core Operating Area

July 11, 2023 Mariel Alumit

THE WOODLANDS, Texas, July 11, 2023 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has entered into an agreement to acquire the Central Basin Platform (“CBP”) assets […]

America
Critical Minerals

In pictures: South America’s ‘lithium fields’ reveal the dark side of our electric future

July 11, 2023 Mariel Alumit

Demand for lithium-ion batteries is unprecedented – but is mining the chemical harmful to the environment? Lithium extraction fields in South America have been captured by an aerial photographer in stunning high definition. But while […]

Investment
Critical Minerals

Up to $4 Trillion Investment Needed in Materials Supply Chains to Meet Decarbonization Goals: McKinsey

July 11, 2023 Mariel Alumit

As much as $4 trillion in investments may be needed by 2030 to scale up the materials supply chain to address upcoming supply shortages of key metals and materials required to meet global decarbonization goals, […]

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