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Home2023February

Month: February 2023

Offshore

BP’s GTA LNG project reaches new development stage

February 27, 2023 Clark Savage

UK-headquartered energy major BP and partners have confirmed the development concept for the second phase of the BP-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project off the coasts of Mauritania and Senegal. Courtesy […]

Iron
Rare Earth Minerals

Iron ore price falls on production curbs in China

February 27, 2023 Clark Savage

​ Iron ore prices extended losses on Monday on concerns over near-term weaker demand, after steel production hub Tangshan was required on Saturday to shutter some capacity in response to heavy pollution. Tangshan’s government said […]

Stocks
ESG

JPMorgan Dumps Adani Group Stocks From Its ESG Funds

February 27, 2023 Clark Savage

Gautam Adani was once the world’s seventh-richest person, but a short-seller attack triggered a massive wave of selling in Adani Group stocks last month. The Indian tycoon has since lost $80 billion in personal wealth, […]

Delivery
Electric Vehicles

Chinese Luxury EV Maker Gives Bullish Delivery, Revenue Guidance

February 27, 2023 Clark Savage

Li Auto (LI) gave an upbeat delivery and revenue outlook for the current quarter after posting mostly in-line earnings for the fourth quarter of 2022. Li stock jumped at Monday’s open but slashed gains. Li […]

Atlantic
LNG

Atlantic LNG to lay off staff

February 27, 2023 Clark Savage

ATLANTIC LNG (Atlantic) has confirmed that it is laying off staff and has already offered all employees voluntary separation of employment packages (VSEP) to go home over the next two months. The VSEP comes as […]

U.S
EnergyNews

U.S. natgas jumps 6% to one-month high on rising demand, output decline

February 27, 2023 Clark Savage

  ​U.S. natural gas futures jumped about 6% to a one-month high on Monday on forecasts for more demand this week than previously expected and a drop in gas output so far this month. In addition […]

Shipping
Climate Crisis

Decarbonizing The Shipping Sector Is A Long Trip But Within Reach

February 27, 2023 Clark Savage

The shipping industry is hard to decarbonize, fueled by diesel oil, and challenging to electrify. But shipping giant Maersk is trying to ride a new wave, and it has ordered several ocean-going ships that run on cleaner […]

US
Rare Earth Minerals

Research institutions, US Army partner to identify risks in critical minerals supply chain

February 27, 2023 Clark Savage

​The Worcester Polytechnic Institute (WPI) and the US Army Combat Capabilities Development Command Army Research Laboratory announced the launching of an initiative aimed at identifying risks in the supply chain for critical minerals and materials, […]

Europe
Electrical Generation / Utilities

Explainer: Europe gets ready to revamp its electricity market

February 27, 2023 Clark Savage

STOCKHOLM, Feb 27 (Reuters) – European Union energy ministers meet on Monday to debate upcoming power market reforms. Brussels is set to propose the revamp next month, but already countries are split over how to […]

hydrogen
Hydrogen

Newfoundland’s dreams of a wind-powered hydrogen future are starting to take shape

February 27, 2023 Clark Savage

Construction on the White Rose offshore oil production platform at the Argentia Port Authority, the site of a proposed hydrogen production facility, in Placentia Bay, Newfoundland. GREG LOCKE/GREG LOCKE Wind howls across the Port of […]

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