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Home2023September

Month: September 2023

IEA
Climate Crisis

A Matter of Fact: The IEA’s updated net zero scenario is still unrealistic

September 27, 2023 Clark Savage

The International Energy Agency (IEA) has updated its net zero scenario, pushing for governments to implement more aggressive climate policies on the energy industry.   The IEA itself acknowledges the scenario is “a pathway, but not the […]

Saudi
Crude Oil News

Saudi Arabia Considers A Surprising Bet On Iranian Oil And Gas

September 27, 2023 Clark Savage

Iran has around $50 billion in oil and gas projects in the works. Following the resumption of relations between Iran and Saudi Arabia, the latter is looking to invest in Iran’s hydrocarbon industries. Saudi Arabia […]

JAPAN
Exports

JAPAN DATA: LNG stocks drop further to 1.56 mil mt, lowest since end-Jan 2021

September 27, 2023 Clark Savage

LNG inventory held by Japan’s major power utilities stood at 1.56 million mt Sept. 24, down 1.9% from 1.59 million mt a week ago, data released by the Ministry of Economy, Trade and Industry showed […]

power
Electrical Generation / Utilities

Poland’s first nuclear power plant clears key hurdle in ambitiously timed plan

September 27, 2023 Clark Savage

The first-ever Polish nuclear power plant project has cleared a crucial hurdle on the path to completion by securing the all-important environmental decision on September 22. The decision sets rules that the project must keep in […]

Nord
Geopolitical

One year on, who blew up Nord Stream 2?

September 27, 2023 Clark Savage

So whodunnit? Who destroyed the Nord Stream 2 at three minutes past midnight on September 26, 2021? Explosives set 262 feet below the surface of the Baltic caused a blast registering 2.5 on the Richter […]

Jackson
Electric Vehicles

Jackson Buys 8 Electric Buses For Transit System, But None Are Working

September 27, 2023 Clark Savage

Teton County and the town of Jackson had set its sights on a low-emission transit system for the county. The Southern Teton Area Rapid Transit (START) system, a joint operation between Jackson and Teton County, […]

Shell
Big Oil Companies

Exclusive: Shell CEO comes under pressure from within on renewables shift

September 27, 2023 Clark Savage

LONDON, Sept 27 (Reuters) – Shell (SHEL.L) CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments […]

BRICS
BRICS

$18,900,000,000 in US Treasuries Dumped by BRICS Members China, Brazil, India and UAE in One Month

September 27, 2023 Clark Savage

Several members of the economic alliance known as BRICS are discarding billions of dollars worth of assets backed by the US government. New numbers from the Treasury Department show China is leading the charge, reducing its holdings […]

Price
EIA News

Southern California working natural gas storage increases with higher cap at Aliso Canyon

September 27, 2023 Clark Savage

 September 27, 2023 Data source: SoCalGas Envoy On August 31, the California Public Utilities Commission (CPUC) voted to increase working natural gas storage by 67% to 68.6 billion cubic feet (Bcf) at Aliso […]

Electrical Generation / Utilities

For Immediate Release – The Cost of Phasing out Natural Gas in Ontario

September 27, 2023 Clark Savage

Phasing out Natural Gas to cost Ontario residents $3,300 annually per household by 2030 – Report Toronto – Residents in Ontario should expect to pay another $3,300 a year per household if natural gas is […]

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