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Home2023December

Month: December 2023

Energy
Energy Crisis

This Populous Blue State Has A Green Energy Mandate. Experts Say It Threatens Grid Reliability

December 12, 2023 Mariel Alumit

New York state’s green energy mandates could jeopardize the reliability of its power grid in the coming years, several grid experts told the Daily Caller News Foundation. The state has established targets of generating 70% […]

BRICS
BRICS

BRICS candidate likely to default – media

December 12, 2023 Stu Turley

Ethiopia will hold a call with its international bondholders later this week after the African nation failed to pay a $33 million bond coupon that was due on Monday, according to a senior finance ministry […]

Endeavor Energy
Finance

Permian driller Endeavor Energy explores potential $30 billion sale

December 12, 2023 Stu Turley

Yahoo Finance Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top U.S. oilfield, at between $25 billion and $30 billion, according […]

South African
Downstream

Major Russian bank to revive South African refinery

December 12, 2023 Stu Turley

Pretoria has expressed confidence that selecting Gazprombank as an investor will not trigger Western sanctions South African national oil company PetroSA has chosen Russia’s Gazprombank as its preferred investment partner to revive a gas-to-liquid (GTL) […]

Russian uranium
Critical Minerals

US House approves Russian uranium ban

December 12, 2023 Stu Turley

The bill has to pass the Senate and be signed by President Joe Biden to become law The US House of Representatives voted on Monday to approve legislation that would bar the importation of enriched […]

Price
Finance

It’s Like Ford, GM, FCA Got Run Over by a Tesla on Autopilot

December 12, 2023 Stu Turley

The infinite wisdom of the US legacy automakers never ceases to astound. By Wolf Richter for WOLF STREET. Ford today gave another signal in a series of signals – it’s planning to cut production of its F-150 Lightning […]

Coal

Daily Energy Standup Episode #268 – Grid Reliability Warning, India’s Oil Expansion, and Occidental’s $10.8B CrownRock Acquisition

December 11, 2023 Andy Del Prado

Daily Standup Top Stories Major grid operator warns legal agreement to shutter coal plant will devastate electric reliability December 11, 2023 Mariel Alumit A major power grid operator that oversees electricity supplies across the mid-Atlantic repeated […]

Price
Finance

PE Firms & Distressed Debt Funds to Get Mall Landlord PREIT in Prepackaged Bankruptcy Filing #2

December 11, 2023 Stu Turley

Now they get to deal with the brick-and-mortar meltdown. By Wolf Richter for WOLF STREET. Publicly traded mall landlord Pennsylvania Real Estate Investment Trust announced today that it filed for a pre-packaged Chapter 11 bankruptcy, after having already […]

3 Podcasters Walk Into A Bar

3 Podcasters Walk in a Bar Episode 39 – Global Financial Ripples: UAE’s Petrodollar Exit Explored and MORE!!..

December 11, 2023 Erick Parel

Highlights of the podcast: 04:31 – The significance of UAE ditching the petrodollar and its implications in global trade. 05:56 – Concerns about the Biden administration’s foreign policy and its impact on relationships in the […]

Climate Crisis

Energy Transition #90 – Filmed Live On YouTube on December 11, 2023

December 11, 2023 Erick Parel

ENERGY TRANSITION #90 -Venezuela wants Guyana’s oil Highlights of the podcast: 01:02 – Guyana is standing on its own 02:08 – Hess and Chevron 02:50 – Guyana’s 11 billion barrels in reserves 05:41 – Inflation rate […]

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