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Home2023

Year: 2023

Crude Oil News

Deal Spotlight – Episode 2 – Deep Dive into Occidental Petroleum’s Permian Basin Acquisition and Evaluating Potential Overpayment

December 21, 2023 Stu Turley

Michael and I love evaluating deals. Today is an excellent example of the M&A activity heating up in the oil and gas market. This deal between Occidental and CrownRock has some key takeaways, which we […]

energy
Political

Blue states are stripping rural counties of ability to prevent green energy takeover of their communities

December 21, 2023 Mariel Alumit

Several blue states have deprived rural counties of the ability to reject the massive green energy projects that corporations want to site in their communities, while green industrial interests and environmentalist groups have poured money […]

China
Finance

China puts brake on Argentina’s US$6.5-billion currency swap amid Milei tensions

December 21, 2023 Mariel Alumit

China’s government has frozen a US$6.5-billion reinforcement of its currency swap with Argentina agreed in October with former president Alberto Fernández amid tensions over the relationship with new head of state Javier Milei. Sources from […]

Bitcoin
Bitcoin

Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M

December 21, 2023 Mariel Alumit

On Tuesday, Marathon Digital Holdings, a leading bitcoin mining company listed on public markets, revealed its acquisition of two fully operational bitcoin mining facilities, representing a combined capacity of 390 megawatts (MW). For these facilities, […]

Railroad
Crude Oil News

Railroad Commission orders no-fly zone over ‘uncontrolled’ West Texas well spewing super-salty water

December 21, 2023 Mariel Alumit

The Texas Railroad Commission, which regulates the state’s oil and gas industry, has obtained a no-fly zone in the area of what it says is an uncontrolled well in Crane County where its crews are working to […]

California
Electrical Generation / Utilities

California admits its reckless renewable energy dream is failing

December 21, 2023 Mariel Alumit

California’s dream of renewable green energy has left the state worse off, and even California Democrats have recognized just how deep the failure runs. California energy regulators on Thursday voted to extend the lifespan of the Diablo […]

Bird
Bankruptcy

Electric scooter company Bird files for bankruptcy

December 21, 2023 Mariel Alumit

Bird filed for Chapter 11 bankruptcy protection in Florida federal court Wednesday. In a release, Bird said it will use the bankruptcy proceeding to facilitate a sale of its assets, which it expects to complete […]

We are Uniting with Taiwan
ENB Pub Note

Xi revealed China’s plans for Taiwan to Biden – – Xi Says “We are Uniting with Taiwan”

December 21, 2023 Mariel Alumit

ENB Pub Note: “We are Uniting with Taiwan”  – But what did Biden hear? “How Nice?” Beijing would like to reunify Taipei with mainland Xi revealed China’s plans for Taiwan to Biden – – Xi […]

Macron
Geopolitical

Putin could visit France in 2024 – Macron

December 21, 2023 Stu Turley

The Russian president could be invited to the anniversary of the Normandy landings French President Emmanuel Macron has not ruled out the possibility of inviting Russian President Vladimir Putin to the 80th anniversary of the […]

Offshore Oil
Crude Oil News

Biden’s 5-Year Offshore Oil and Gas Lease Plan Has the Fewest Sales Auctions Ever

December 21, 2023 Stu Turley

Key Takeaways 1. President Joe Biden has decided to have the fewest offshore oil and gas leases in history as he will only hold 3 over 5 years—far fewer than the 47 sales proposed by […]

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