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Home2023

Year: 2023

Climate Crisis

Daily Energy Standup Episode #247 – Sinopec’s LNG Boost, Google’s Electric Bus Glitch, EV Discounts, Stellantis’ Hybrid Ram, Scope 3 Emission Concerns

November 8, 2023 Andy Del Prado

Daily Standup Top Stories Sinopec’s colossal LNG tank bolsters winter gas supply – 541M gallons November 7, 2023 Mariel Alumit China Petroleum & Chemical Corporation (Sinopec) achieved a significant milestone on November 2, 2023, as they officially […]

Power
Coal

Power ministry may refuse World Bank’s coal transition fund plan

November 7, 2023 Mariel Alumit

The power ministry may not participate in the accelerated coal transition investment plan submitted by the World Bank as it is not considering repurposing or retiring any coal-based thermal power plant before 2030, said people with knowledge of the matter. The plan offers […]

QatarEnergy
Exports

QatarEnergy, Sinopec sign “historic” 27-year LNG supply deal

November 7, 2023 Mariel Alumit

​(WO) – QatarEnergy has announced the signing of a partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field South (NFS) expansion project. The two sides also signed a long-term sales and purchase agreement […]

Aramco
Earnings

Aramco Keeps Payout to State, Investors at $29B

November 7, 2023 Mariel Alumit

Aramco maintained its payout to the Saudi government and investors at $29.4 billion, helping state finances amid a widening budget deficit. The world’s biggest crude oil exporter maintained the payout at the preceding quarter’s level despite […]

Korea
Big Oil Companies

Korean Pension Giant Acquires Stake in US Private Equity Real Estate Firm

November 7, 2023 Mariel Alumit

The Republic of Korea’s $750 billion National Pension Service, the third largest pension fund in the world, has acquired a minority stake in U.S.-based private-equity real estate investment company Stockbridge Capital Group LLC. Financial terms […]

Texas
Electrical Generation / Utilities

Texas plant to generate 10 MW of power with desk-sized turbines

November 7, 2023 Mariel Alumit

A turbine the size of a regular office desk could soon power 10,000 households, as per a press release from the Southwest Research Institute (SwRI), which has set up a pilot plant in San Antonio, Texas. Called […]

Havfram
International News

Havfram winds up offshore wind development unit Kontiki Winds

November 7, 2023 Mariel Alumit

Norway’s Havfram has discontinued its business unit dedicated to early-phase development of offshore wind farms, Kontiki Winds. The news came hot on the heels of Havfram’s announcement of collaboration ending with RWE and NTE on the bid […]

California leads the United States
EIA News

The United States begins the winter with the most natural gas in storage since 2020

November 7, 2023

 December 7, 2023 Data source: U.S. Energy Information Administration, Natural Gas Monthly and Weekly Natural Gas Storage ReportNote: Data for October 31, 2023, are interpolated, based on the Weekly Natural Gas Storage Report. […]

electric vehicle
Electric Vehicles

EV Makers Turn to Discounts to Combat Waning Demand

November 7, 2023 Mariel Alumit

Buyers looking to get a bargain on a new car might want to consider an electric vehicle. As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear […]

Google
Electric Vehicles

REPORT: Google’s Green Dream Goes Downhill — Google’s 100% Electric Bus Loses Power, Causes Mayhem on San Francisco Slope (VIDEO)

November 7, 2023 Mariel Alumit

Google’s ambitious dive into the world of electric transportation faced an unexpected roadblock… or rather, a hill. According to World Peace Exclusive, the tech’s lauded “100% Electric Bus” took on San Francisco’s iconic hilly terrain, […]

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