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Home2021

Year: 2021

Exploration and Production

Exxon’s Newest Activist Investor Is a ‘Space Cowboy’

June 4, 2021 Stu Turley

Exxon  announced Wednesday that a third new member has been appointed to the company’s board, following a week of vote counting after the company was caught by surprise by a shareholder insurrection last week led by activist investor Engine […]

Commodities

OPEC leaders mock IEA’s “la-la land” 2050 net zero roadmap

June 4, 2021 Stu Turley

MOSCOW (Bloomberg) –The world’s largest petrostates rejected calls for a rapid shift away from oil and gas, warning that starving the industry of investment would harm the global economy. His warnings were echoed by the […]

Australia - lithium mine
International News

Australia identifies critical mineral opportunities

June 3, 2021 Stu Turley

  The Outlook for Selected Critical Minerals indicated that these minerals will play a critical role in the global industrial shift towards electric vehicles, renewable energy generation and stationary battery storage systems. Economic security and supply chain […]

chinese greenhouse gas emissions now larger than those of developed countries combined
Electrical Generation / Utilities

China’s Ningxia tells metal producers to cut energy use

June 3, 2021 Stu Turley

The local government in Zhongwei city has told 22 steel, ferro-alloys, calcium-carbide and silicon-carbide producers to restrict output from 3 June to 31 December. No new projects in Zhongwei that produce energy- and pollution intensive […]

Exxon - Energy News Beat
ENB Contributor Column

Exxon Activist Expands Boardroom Presence With Third Seat

June 3, 2021 Tracey Woods

Exxon Mobil Corp. activist investor Engine No. 1 expanded its presence on the oil giant’s board to three seats, according to preliminary vote tallies, cementing a victory that has reverberated across the energy industry. The initial […]

Coal - Nuclear -EnergyNewsBeat
Coal

Plunging Payouts on Top U.S. Power Grid Slam Coal, Nuclear

June 3, 2021 Tracey Woods

Coal plants, nuclear reactors and other generators will take a hit next year on the biggest U.S. power grid as payments designed to ensure the lights remain on from New Jersey to Illinois plunge 64%. […]

ENB Contributor Column

Why Shaking Up Big Oil Could Be a Pyrrhic Victory

June 3, 2021 Tracey Woods

Last week marked a watershed in the oil industry’s reckoning with climate change. The landmark setbacks in the courtroom, boardroom, and shareholder meetings for some of the world’s largest oil firms were stunning victories for […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
Commodities

U.S. natural gas storage capacity has remained flat over the past eight years

June 3, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Natural Gas Monthly and Underground Natural Gas Working Storage Capacity Underground natural gas working storage capacity in the Lower 48 states has remained relatively flat since 2012. We measure natural gas working storage capacity […]

Terahn - twitter - EnergyNewsBeat
Crude Oil News

Massive Blaze Engulfs Tehran Refinery Just Hours After Sinking Of Iranian Warship

June 3, 2021 Stu Turley

A major oil refinery in Tehran is now engulfed in a huge blaze just hours after on Wednesday morning the Islamic Republic’s largest warship caught fire and sank in the Gulf of Oman under mysterious circumstances. Iranian state Tasnim news in […]

No Picture
Coal

Coal India retains production and offtake momentum in May

June 2, 2021 Andy Del Prado

Despite COVID-19 restrictions in several states, Coal India maintained its output and despatch momentum in May, the second month of the current fiscal, an official said. The mining major is likely to report dry fuel production of around 41.7 […]

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