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Home2021April

Month: April 2021

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EIA News

New York’s Indian Point nuclear power plant closes after 59 years of operation

April 30, 2021

The Indian Point Energy Center (Indian Point) permanently stopped generating electricity on April 30, 2021, when it retired its last operating nuclear reactor, Unit 3, earlier than originally planned. The Indian Point nuclear power plant […]

Silverstream Technologies - EnergyNewsBeat ENB
LNG

Silverstream Technologies undertakes trials onboard LNG carrier

April 30, 2021 Stu Turley

Clean technology company Silverstream Technologies has announced that its pioneering air lubrication system, the Silverstream® System, has delivered significant fuel and emissions savings during testing on the Shell-chartered 170 000 m3 LNG carrier Methane Patricia Camila. Following operational […]

Vitol enters into Premian Shale - EnergyNewsBeat ENB
Commodities

Vitol Enters Into Permian Shale With Hunt Oil Deal

April 30, 2021 Stu Turley

Vitol Group is buying Hunt Oil Co.’s Permian Basin business as the biggest independent crude trader makes a major move into the world’s busiest shale patch. The deal includes 44,000 acres across five counties in the […]

Fire breaks out after pipe malfunction at Haifa petrochemical plants
Downstream

Fire breaks out after pipe malfunction at Haifa petrochemical plants

April 30, 2021 Stu Turley

A fire broke out in one of the facilities at the Bazan oil refineries in Haifa as a result of a damaged pipe in the CCR system on Friday night, the Environment Protection Ministry reported in a […]

Leonore Gewessler Photographer -Helmut Fohringer-AFP via Getty Images - EnergyNewsBeat ENB
Crude Oil News

Austria Energy Minister Warns OMV Its Time in Oil Is Running Out

April 30, 2021 Stu Turley

Austria’s top energy official told OMV AG it must start figuring out how to do business without fossil fuels now or risk losing its business in three decades. Transport and Energy Minister Leonore Gewessler delivered the unusually […]

Exxon - EnergyNewsBeat
E&P

ExxonMobil earns $2.7 billion in first quarter of 2021

April 30, 2021 Stu Turley

ExxonMobil last Friday posted estimated earnings of $2.7 billion in the first quarter of 2021 compared with a loss of $610 million in the same quarter last year. The company stated that the positive results reflect the benefits […]

Chevron 4 - EnergyNewsBeat ENB
E&P

Chevron profit drops on weaker refining margins, storm hit

April 30, 2021 Stu Turley

Chevron Corp ’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset […]

Finance

CenterPoint announces sale of Arkansas and Oklahoma natural gas LDC businesses to Summit Utilities for $2.150 billion in cash

April 30, 2021 Andy Del Prado

HOUSTON–(BUSINESS WIRE)–CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint”) today announced the sale of its Arkansas and Oklahoma natural gas LDC assets to Summit Utilities for $2.150 billion in cash, including recovery of approximately $425 million in […]

coal - china -energynewsbeat.com
International News

OPINION: Seaborne coal volumes slip in Asia, and it’s not just the pandemic, says Russell

April 29, 2021 Andy Del Prado

LAUNCESTON: One of the quirks of Asia’s seaborne coal market is that volumes have held up remarkably well, despite the fuel being demonized for its role in climate change and the rising number of countries and companies […]

International News

Wind energy industry set to create 3.3 million jobs globally by 2025

April 29, 2021 Andy Del Prado

New Delhi: The global wind energy industry is set to grow at a 4 per cent Compounded Annual Growth Rate (CAGR) through 2025, with additional 470 Gigawatt (GW) of capacity creation, helping create 3.3 million jobs over […]

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Debt
Energy Policy

Debt Ceiling Permitting Provisions Offer Good First Step to Meaningful Reform

June 7, 2023

President Biden has signed the Fiscal Responsibility Act (FRA) into law which suspends the debt ceiling into 2024 and avoids a U.S. default. The bill contains several historic reforms to the National Environmental Policy Act […]

Climate
Biofuel

The Climate Solution That’s Horrible for the Climate

June 7, 2023

As America rushes to generate more renewable electricity, it has become fashionable to fret that solar and wind farms use too much land. But America is also racing to produce more renewable fuels, and they use much, […]

Oil
E&P

EIA Boosts U.S. Oil Production Forecast For 2023

June 7, 2023

The Energy Information Administration has increased its forecast for U.S. oil production this year, projecting an increase of 720,000 barrels per day. While it expects U.S. oil production to increase, the EIA sees demand for […]

ConocoPhillips
Crude Oil News

ConocoPhillips Starts Nuna Oil Field Development in Alaska

June 7, 2023

ConocoPhillips is set to develop its Nuna field project in Alaska and expects a peak oil rate of 20,000 barrels per day from the site, the company said in a news release. Construction will begin […]

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