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Home2023

Year: 2023

Finance

Russian GDP growth to hit 3.5% – Putin

December 14, 2023 Stu Turley

14 Dec, 2023 09:38 HomeBusiness News The president has praised the country’s economic performance in his annual address The Russian economy has shown strength and stability in the face of outside pressure, with GDP expected […]

LNG Canada
Exports

LNG Canada CEO: start-up activities will take more than a year to complete

December 14, 2023 Stu Turley

Shell’s LNG Canada project is now preparing to launch start-up activities next year and this program will take more than a year to complete, according to LNG Canada’s CEO, Jason Klein. Contractor JGC Fluor is […]

COP28
Climate Crisis

COP28 deal underscores U.S. offshore industry’s “pivotal role” in global energy transition

December 14, 2023 Stu Turley

World Oil (WO) – National Ocean Industries Association (NOIA) President Erik Milito issued a statement on the non-binding pact signed at the conclusion of the two-week-long COP28 climate summit in Dubai: Source: World Oil “The […]

Electric Vehicles
Electric Vehicles

Electric Vehicles Are Less Reliable than Conventional Cars

December 14, 2023 Stu Turley

Key Takeaways 1. Despite the Biden Administration arguing that electric vehicles are more reliable, Consumer Reports analyzed consumer data showing EVs trail conventional vehicles significantly. 2. EV owners suffer from 79 percent more reliability issues […]

Big Oil Companies

Daily Energy Standup Episode #270 – Shell’s Deals, Regulatory Challenges, and Global Geopolitics Unveiled

December 14, 2023 Andy Del Prado

Daily Standup Top Stories Shell agrees to sell stake in two U.S.-based renewable energy projects December 12, 2023 Mariel Alumit Shell Wind Energy Inc. and Savion Equity, LLC, subsidiaries of Shell plc, have agreed to sell […]

Tesla
Electric Vehicles

Tesla recalls nearly all US vehicles over autopilot system defects

December 13, 2023 Stu Turley

News|Automotive Industry Tesla is recalling more than two million cars in the United States, nearly all of its vehicles sold there, after a federal regulator said defects with the autopilot system pose a safety hazard. […]

Price
Finance

Fed Holds Rates at 5.50% Top of Range, Sees Three Rate Cuts in 2024, QT to Continue

December 13, 2023 Stu Turley

Lowers GDP growth projections and PCE inflation projections for 2024. By Wolf Richter for WOLF STREET. The FOMC voted unanimously today to keep its five policy rates unchanged, with the top of its policy rates at 5.50%. It […]

Critical Minerals

Bitumen beyond combustion: how to triple oil sands value, reduce emissions, and create an advanced material industry for 2% of a battery plant’s subsidies

December 13, 2023 Stu Turley

What if some phenomenally large energy/materials breakthroughs were right here in front of us, vastly more accessible than experimental aspirations, but held back by an image problem? To help ponder that question, it is necessary […]

California leads the United States
EIA News

Japanese refineries close as the country’s petroleum consumption falls

December 13, 2023 Mariel Alumit

December 13, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, December 2023 In our Short-Term Energy Outlook, we forecast the lowest annual petroleum consumption in Japan in 2024 since at least 1980, in […]

Energy
Carbon Capture

When Climate Ambitions Meet Energy Realities

December 13, 2023 Mariel Alumit

In what is simultaneously receiving praise for being a historic achievement and criticism for not being ambitious enough, nearly 200 countries closed COP28 by agreeing to transition away from fossil fuels in energy systems. The agreement calls […]

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