Four Japanese players have joined forces to design and build a low-carbon emission very large crude carrier (VLCC). Idemitsu Tanker, the shipping affiliate of Japan’s second-biggest oil refiner, Idemitsu Kosan, has formed a consortium with […]
AfricaOperations Indian Navy Two fishing vessels – one from Iran and the other from Sri Lanka – have been freed following hijackings by Somali pirates. Seychelles forces rescued a Sri Lankan fishing boat on Monday, […]
EuropeOffshore Saipem Woodside has been forced to stop installation of an offshore gas pipeline on its $12bn Scarborough gas project after an incident on Saipem’s Castorone pipelayer punched a hole in the pipeline. According to […]
Tesla +24.6%, Toyota +2%. Model Y +52%, #1 bestseller by far; Model 3 is #2 bestseller. Toyota loses it, Camry sales -16%, RAV4 +1%. By Wolf Richter for WOLF STREET. Tesla’s share of all light vehicles sold in […]
Daily Standup Top Stories You’ll Have to Pay to Use the Highway. Blame EVs. January 29, 2024 Stu Turley When Europe last year agreed that by 2035 all cars sold in the region would be zero-emissions […]
Here come the “Marketable Borrowing Estimates,” showing by how much the pile of marketable Treasury securities will increase. By Wolf Richter for WOLF STREET. The Treasury Department’s Quarterly Refunding announcements, normally cause of a global yawn, have turned […]
The Rooiwal and Pretoria West Power Stations, constructed almost 70 years ago when my grandfather moved to Pretoria, are now in need of attention. They were standing idle for almost 10 years and, finally, it […]
When Europe last year agreed that by 2035 all cars sold in the region would be zero-emissions (read: electric), the most obvious question in my mind was: Who would pay for that? Because gasoline and […]
After years of misguided energy policies, Europe’s electricity has become so expensive that trade unions have started warning of the threat of deindustrialization. The warning will hopefully prove a salutary one for the U.S., which […]
Jan 29 (Reuters) – It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. California’s oil […]
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