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Home2023February

Month: February 2023

Recession
Finance

Is The Recession Already Here?

February 28, 2023 Clark Savage

Authored by Jeffrey Snider via RealClearMarkets.com, It was a sudden and epic flood of oil the likes of which the country hadn’t seen before. According to the government’s numbers, the Energy Information Administration, over a […]

Energy Tech

MHI tests 100 kW class cryogenic ORC power generation using oilless cryogenic turbine generator

February 28, 2023 Clark Savage

Home Clean fuel MHI tests 100 kW class cryogenic ORC power generation using oilless cryogenic turbine generator Mitsubishi Heavy Industries (MHI) and Mitsubishi Heavy Industries Marine Machinery and Equipment (MHI-MME), a wholly-owned operating company of […]

Crude Oil News

India bans oil tankers, bulkers older than 25 years to modernize fleet and cut emissions

February 28, 2023 Clark Savage

Home Green marine India bans oil tankers, bulkers older than 25 years to modernize fleet and cut emissions India is ramping up efforts aimed at modernizing its fleet and is reviewing the requirements of the […]

Exploration and Production

Another three firms secure work for Angolan oilfield project

February 28, 2023 Clark Savage

Following the award of three contracts for the project announced earlier today, Azule Energy, a joint venture between BP and Eni, has selected another three companies for work at the Agogo field development project offshore […]

Big Oil Companies

BP launches green hydrogen cluster in Spain

February 28, 2023 Clark Savage

UK-based oil and gas major BP has launched the green hydrogen cluster of the Valencia region (HyVal) at its Castellón refinery in Spain. Courtesy of BP The company announced the launch of the hydrogen cluster […]

Occidental
CCUS

Occidental raises spending budget, delays direct air capture launch

February 28, 2023 Clark Savage

​ The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni/File Photo Summary Occidental misses Q4 profit estimate as inflation hits Quarterly dividend increased about 38% to 18 cents […]

Electric Vehicles

Mexico approves new Tesla plant in northern Mexico

February 28, 2023 Clark Savage

Mexican President Andres Manuel Lopez Obrador has announced that the electric car manufacturer Tesla will open a large plant in northern Mexico, marking an investment that could be worth up to $10bn for the region. […]

Gold
International News

Alamos Gold acquires Manitou and its Goudreau property in Ontario

February 28, 2023 Clark Savage

​The Island Gold mine. Alamos Gold photo Alamos Gold (TSE: AGI) has entered into a definitive agreement to acquire shares of Manitou Gold (TSX: MTU). The acquisition will consolidate Alamos’ existing ownership of Manitou shares […]

Canada
Exploration and Production

Exclusive: Canada’s Baytex Energy nears $2.5 bln deal for U.S. peer Ranger Oil -sources

February 28, 2023 Clark Savage

Canadian oil and gas producer Baytex Energy Corp (BTE.TO) is nearing a deal to acquire U.S. peer Ranger Oil Corp (ROCC.O) for around $2.5 billion including debt, people familiar with the matter said on Monday. Calgary, Alberta-based Baytex will […]

Agnico
Rare Earth Minerals

Agnico Eagle reinvests in Rupert Resources and its Ikkari gold project

February 28, 2023 Clark Savage

​ Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has purchased approximately 1.5 million common shares of Rupert Resources (TSXV: RUP), thus retaining its 14.9% interest in Rupert on a partially diluted basis. The investment is […]

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