Shell Plc is splitting up its global renewable power business as new Chief Executive Officer Wael Sawan puts his imprint on the energy giant. Sawan already reshaped his top management team in January — just […]
Oil headed for a weekly surge of about 7% as an ongoing disruption to Iraqi exports tightened the market ahead of US inflation data. West Texas Intermediate futures fell to around $74 a barrel on […]
US Weighs Expanding Fed’s Emergency Liquidity Program To Stabilize First Republic, Other Regional Banks March 25, 2023 Mariel Alumit One day after a lengthy meeting on the growing bank crisis by the Financial Stability Oversight Council […]
Dow Jones futures edged higher overnight, along with S&P 500 futures and Nasdaq futures, with attention turning to the Federal Reserve’s favorite inflation report, the PCE price index. Aehr Test Systems (AEHR) headlined earnings after […]
In February of this year Democrats and climate activists seized on a study published by a group called Rocky Mountain Institute (RMI), and the conclusions of the paper sent alarmists into a frenzy – Claiming […]
As required by the Inflation Reduction Act (IRA) of 2022, the Bureau of Ocean Energy Management (BOEM) auctioned oil and gas drilling rights across 73.4 million acres in the Gulf of Mexico despite the Biden […]
President Biden is calling on regulators to tighten the rules for mid-sized banks, making the political point to ‘roll back Trump era rules’, ensuring everyone knows – despite the fact that it is not true […]
Italian energy giant Eni has created a new venture called Enivibes, dedicated to increasing the market value of its proprietary vibroacoustic pipeline monitoring system technology. Illustration; Source: Eni The establishment of the new venture comes as […]
Chinese oil and gas player CNOOC and French energy giant TotalEnergies have completed China’s first yuan-settled LNG trade through the Chinese energy trading centre Shanghai Petroleum and Natural Gas Exchange (SHPGX). Illustration only; Archive. Courtesy […]
Home Fossil Energy IEEFA warns of worsening inflation in power sector with carbon capture and storage in the mix In a world besieged by energy and climate crises, carbon capture and storage (CCS) technology is […]
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