BP, Shell, Exxon, and Chevron are boosting fossil fuel investments after disappointing returns on green energy ventures. BP is increasing oil and gas spending by 25% and Shell is prioritizing LNG growth. U.S. supermajors stayed the course and are now outperforming. Ever since BP admitted that its attempt to go green had ended in a […]
Continue Reading
Shell is considering a potential delisting from the London Stock Exchange, which could have significant implications for BP\’s future. BP is facing investor pressure for strategic changes and may be open to a merger, with Shell being a potential acquirer due to its financial strength and market capitalization. BP\’s successful oil trading desk is a […]
Continue ReadingThe search for a missing crewmember from the containership Solong that struck the tanker Stena Immaculate in the UK North Sea has been called off as fires aboard both ships continued to burn overnight. The 140-m-long Solong, owned by Hamburg-based Ernst Russ, hit the 183-m-long Stena Immaculate while anchored near Hull, rupturing at least one […]
Continue ReadingThe Labour government under Keir Starmer has upheld its promise to halt new oil and gas exploration but is now allowing tiebacks—connecting new reserves to existing fields. The government has decided not to renew the windfall tax on oil and gas companies beyond 2030. Facing declining domestic production, energy security concerns, and industry pushback, the […]
Continue ReadingDaily Standup Top Stories DAVID BLACKMON: Trump Zeroes In On American Energy In Congressional Speech March 5, 2025 Mariel Alumit Unlike his predecessors, President Donald Trump always seems to have energy and its impacts to the lives of all Americans at the top of his mind. Following his stemwinding acceptance speech at the Republican National […] .@POTUS […]
Continue ReadingDaily Standup Top Stories DAVID BLACKMON: Trump Zeroes In On American Energy In Congressional Speech March 5, 2025 Mariel Alumit Unlike his predecessors, President Donald Trump always seems to have energy and its impacts to the lives of all Americans at the top of his mind. Following his stemwinding acceptance speech at the Republican National […] .@POTUS […]
Continue ReadingWeekly Daily Standup Top Stories The End of Coal Is Nowhere In Sight February 17, 2025 Clark Savage Retirement of coal-fired power plants in the West has done nothing to reverse global coal demand. Global coal consumption is set to remain at these high levels—or even hit new all-time highs—for a few more […] ‘BRICS is dead’ […]
Continue ReadingDaily Standup Top Stories Iranian Oil Exports to China are rolling February 19, 2025 Clark Savage Iranian crude oil flows to China have rebounded this month after a U.S. crackdown on shipments launched in late 2024 decimated them in January. In a last-minute push to sanction Iran, the Biden admin blacklisted […] West will have to reconsider […]
Continue ReadingDaily Standup Top Stories How has green energy policies impacted the environment, society, and our financial systems? DOGE found that the Inflation Reduction Act was funding change. February 11, 2025 Clark Savage But what change you ask, well let’s start with the Inflation Reduction Act and what the huge “Porkulus Bill” as Dan Bongino has called […]
Continue ReadingDaily Standup Top Stories US DOE releases LNG export study December 18, 2024 Mariel Alumit The Biden administration said in January it will pause pending decisions on exports of LNG to non-FTA countries until DOE can update the underlying analyses for authorizations. According to DOE, this multi-volume study updates DOE’s understanding of […] Russia continues to ship oil directly […]
Continue Reading