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Home2023

Year: 2023

Russian oil
Crude Oil News

EU countries get Russian oil exemption – Reuters

December 20, 2023 Stu Turley

Brussels will allow Slovakia to export fuel produced from sanctioned crude to the Czech Republic for another year The European Union has granted Slovakia a year-long exemption allowing it to export fuel processed from Russian […]

Russian
Finance

Russian branch of EU bank posts $172 million profit  

December 20, 2023 Stu Turley

A Moscow-based unit of Hungary’s OTP bank brings millions in dividends to the parent company, financial reports show The Russian subsidiary of the Hungarian OTP Bank will pay nearly $31 million in dividends to its […]

Offshore Wind
Energy Transition

Another Offshore Wind Farm Hits the Dust

December 20, 2023 Stu Turley

Key Takeaways 1: The developer of “Icebreaker,” a small project in Lake Erie, announced it is pulling stakes on its six-turbine project. 2: The project received a $50 million grant under President Obama, but the […]

ENN
Geopolitical

Adnoc inks Ruwais LNG supply deal with China’s ENN

December 20, 2023 Stu Turley

UAE’s Adnoc has signed a heads of agreement with a unit of Chinese independent gas distributor ENN to supply the latter with liquefied natural gas from its planned LNG terminal in Al Ruwais. Under the […]

whole-house
Energy Transition

Maine turns its heat pump focus to ‘whole-house’ systems that can all but eliminate fossil fuel use

December 20, 2023 Stu Turley

​ New state incentives are pushing Mainers to adopt “whole-house” heat pump systems, making efficient electricity the primary home heat source and discouraging the secondary use of oil or gas. Federal tax credits are still […]

Red Sea
Geopolitical

U.S. launches Red Sea force as ships reroute to avoid attacks

December 20, 2023 Stu Turley

US News MANAMA/DUBAI – The United States on Tuesday launched a multinational operation to safeguard commerce in the Red Sea as attacks by Iran-backed Yemeni militants forced major shipping companies to reroute, fueling concern over […]

Kodiak Gas Services
M & A

Kodiak Gas Services, Inc. to acquire CSI Compressco LP in an $854 million all-equity transaction

December 20, 2023 Stu Turley

All-equity acquisition to create the industry’s largest contract compression fleet of 4.3 million revenue-generating horsepower Deepens Kodiak’s position in key operating areas, including over 2.8 million horsepower in the Permian Basin Expected annual run-rate cost […]

Climate Crisis

Daily Energy Standup Episode #274 – Navigating Challenges and Strategies in Global Energy Dynamics

December 20, 2023 Andy Del Prado

Daily Standup Top Stories Energy Workforce: Biden’s Gulf of Mexico leasing auction “detrimental” to U.S. energy supply December 19, 2023 Mariel Alumit (WO) – Energy Workforce & Technology Council released the following statement rebuffing the newly […]

Price
Finance

Residential Construction Gains Steam, Single-Family Starts Jump, Highest since Spring 2022, Multi-Family Rises from Ashes

December 19, 2023 Stu Turley

Homebuilders and developers have adjusted to new reality of higher rates, growth back on track, for single-family since February, for multifamily since August. By Wolf Richter for WOLF STREET. Confronted with mortgage rates that make it tough to […]

Oil Prices
Crude Oil News

OPEC+ Enters 2024 With `Wait and Hope’ as Its Strategy

December 19, 2023 Stu Turley

Any weakness in oil demand or increase in supply — or both — could push the market into a surplus next year. Saudi Energy Minister Prince Abdulaziz bin Salman is apparently keen on Alexandre Dumas, often […]

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