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Home2024April

Month: April 2024

Oil and gas
Crude Oil News

North America Posts Fresh Rig Losses

April 29, 2024 Mariel Alumit

North America lost 15 rigs week on week, according to Baker Hughes’ latest rotary rig count, which was published on April 26. The U.S. dropped six rigs and Canada dropped nine rigs week on week, […]

Shell
Crude Oil News

Shell earns $1 billion a year from US crude trading, court filing shows

April 29, 2024 Mariel Alumit

HOUSTON (Reuters) – Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its U.S. crude trading […]

Growing Shadow Fleet
Crude Oil News

Growing Shadow Fleet Makes Oil Price Cap Impossible to Police

April 29, 2024 Mariel Alumit

UK-based International Group of P&I Clubs, a global insurance company, says a growing shadow fleet is making it less and less viable to police the G7 price cap on Russian oil, Bloomberg News reports, citing […]

Energy
EIA News

A Shockingly Inept Report From The IEA On Battery Storage Of Energy

April 29, 2024 Mariel Alumit

In my self-designated role critiquing various schemes for total transformation of the world energy system, I get to review large amounts of poor, shoddy, and incompetent work. When people get into advocating for this “energy […]

Tesla
Electric Vehicles

Tesla Partners with Baidu for Full Self-Driving Rollout in China

April 29, 2024 Mariel Alumit

Tesla’s FSD system has been approved for use in China, the world’s largest car market. Tesla has partnered with Chinese tech giant Baidu for mapping and navigation software to support FSD in China. Tesla’s FSD […]

Refinery
Crude Oil News

New Indian Refinery to Be Delayed by Two Years

April 29, 2024 Mariel Alumit

As India is set to become the world’s largest oil demand growth driver in the coming years, Indian state-owned refiner Chennai Petroleum Corporation Limited (CPCL) plans to commission a new refinery two years later than […]

U.S. energy-related
Top News

U.S. energy-related CO2 emissions decreased by 3% in 2023

April 29, 2024 Mariel Alumit

According to the latest findings from the U.S. Energy-Related Carbon Dioxide Emissions report, there has been a decrease of 3% in U.S. energy-related CO2 emissions, totaling about 134 million metric tons (MMmt) in the year 2023. […]

Kimmeridge
Finance

Kimmeridge Releases Presentation Outlining the Urgent Need for Board Change at SilverBow

April 29, 2024 Mariel Alumit

Details SilverBow’s track record of underperformance, value-destructive acquisitions, broken governance, and entrenchment maneuvers  SilverBow needs experienced, independent directors who are open to assessing all value enhancing alternatives to capitalize on its limited window of opportunity […]

TotalEnergies
Big Oil Companies

TotalEnergies Increases Profit to $5.7B despite Lower Gas Prices

April 29, 2024 Mariel Alumit

TotalEnergies SE has reported $5.7 billion in net income for the first quarter, up three percent compared to the same three-month period a year ago and 13 percent against the prior quarter, despite year-on-year and […]

Wind Industry
International News

Zombie Apocalypse: Wind Industry Faces Total Collapse With More Projects Scrapped

April 29, 2024 Mariel Alumit

The wind industry is looking a lot like a zombie apocalypse; evidently dead on its feet, but refusing to accept its mortality and die with dignity. The offshore wind industry in the US looks like […]

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