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Home2024July

Month: July 2024

ConocoPhillips
Crude Oil News

ConocoPhillips sues over Biden’s oil and gas drilling ban in Alaska

July 8, 2024 Mariel Alumit

(Bloomberg) – ConocoPhillips sued to block a Biden administration ban on drilling across nearly half the National Petroleum Reserve in Alaska, claiming the measure violates a federal law that compels oil development there. The lawsuit […]

South Dakota
Coal

South Dakota clashes with Minnesota on clean energy, coal plant closures

July 8, 2024 Mariel Alumit

SIOUX FALLS, S.D. – A political border war between South Dakota and Minnesota on how to handle tax policies, abortion and the pandemic response could spill over into renewable energy and the future of coal […]

Devon Energy
Crude Oil News

Devon Energy Announces Strategic Acquisition in the Williston Basin and Expands Share-Repurchase Authorization by 67 Percent to $5 Billion

July 8, 2024 Mariel Alumit

OKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction […]

British Gas
Press

British Gas kicks off half price electricity Sundays

July 8, 2024 Stu Turley

British Gas has relaunched the “PeakSave” scheme, offering discounted electricity rates every Sunday until 8th September. Eligible customers can save 50% on their electricity bills between 11am and 4pm. Over 600,000 participants have already benefited […]

AI
AI

More natural gas infrastructure is needed to support AI growth | Opinion

July 8, 2024 Mariel Alumit

Artificial intelligence is vital to the next wave of innovations in technology and entrepreneurship. ChatGPT’s launch at the end of 2022 caught the public’s attention, but AI has already infiltrated major industries. Fifty percent of global organizations […]

Construction
Exports

Construction progresses on Sempra’s Port Arthur LNG export project

July 8, 2024 Mariel Alumit

US LNG exporter Sempra and compatriot Bechtel are moving forward with construction on the first phase of the Port Arthur LNG export project in Texas worth about $13 billion. In March last year, Sempra Infrastructure, […]

Gladstone
Exports

Gladstone LNG exports almost flat in June

July 8, 2024 Mariel Alumit

Liquefied natural gas (LNG) exports from the Gladstone port in Australia’s Queensland were almost flat in June compared to the same month last year, while volumes to China decreased 22.8 percent, according to the monthly […]

energy sector
Net Zero

UK energy sector backs new government’s clean power plans

July 8, 2024 Mariel Alumit

The energy sector has responded positively to Labour’s General Election victory, with industry leaders expressing their readiness to work with the new government on clean energy initiatives. Emma Pinchbeck, Chief Executive of Energy UK, highlighted […]

net zero
Energy Transition

“Labour’s 2030 net zero grid target is feasible” – Really?, and at what cost

July 8, 2024 Mariel Alumit

Chris Skidmore, the former UK Cabinet Minister for Energy and Chair of the Net Zero Review, has stated that achieving the 2030 net zero targets is feasible, but only with absolute commitment from the new […]

Red Sea shipping crisis
International News

Shipping’s winners and losers from an end to the Red Sea shipping crisis

July 8, 2024 Mariel Alumit

Despite belligerent rhetoric and videos and images of enhanced military assets, it has now been eight days since the last confirmed incident in the Red Sea reported by merchant vessels to the United Kingdom Maritime […]

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