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Home2023

Year: 2023

NASCAR
Electrical Generation / Utilities

Group representing NASCAR and other N.C. companies says Duke Energy needs to pick up the pace on clean energy

December 13, 2023 Stu Turley

​ Charlotte-based NASCAR, like so many of its Fortune 500 advertisers, has lofty goals to reduce its carbon footprint and invest in renewable energy. But just as stock-car racing has long held prominence in the […]

Permian
Exploration and Production

M&A boom sees Permian oil deals surpass $100 billion in 2023

December 13, 2023 Stu Turley

Oil Price The Permian basin saw a surge in mergers and acquisitions this year, with the total value already exceeding a record $100 billion, led by the mega deals announced by ExxonMobil and Chevron, energy […]

drilling rights
Exploration and Production

Permian oil drilling rights jump to pre-COVID levels amidst mega shale deals

December 13, 2023 Stu Turley

World Oil (Bloomberg) – Drilling rights in the U.S. Permian basin are commanding prices not seen since the worldwide pandemic crushed oil markets more than four years ago. Occidental Petroleum Corp.’s $10.8 billion takeover of CrownRock […]

Climate Crisis

Daily Energy Standup Episode #269 – Geopolitical Energy Chess: Russian Uranium, Fossil Fuel Fumbles, and Venezuelan Border Dilemma

December 13, 2023 Andy Del Prado

Daily Standup Top Stories House passes bill barring imports of Russian uranium for nuclear power December 12, 2023 Mariel Alumit The House on Monday passed legislation that would bar imports of Russian uranium for nuclear power […]

Price
Finance

Beneath the Skin of CPI Inflation, November: Core Services Inflation Accelerates on Rents, Insurance, Healthcare

December 12, 2023 Stu Turley

But gasoline plunged and durable goods dropped. Food rose further from already painfully high levels. By Wolf Richter for WOLF STREET. Inflation in services accelerated in November for the second month in a row, to an annualized rate […]

France
Energy Policy

Yes, Heavy Regulation Hurts the Economy. Just Look at France.

December 12, 2023 Mariel Alumit

It’s fashionable to claim that the free market ideas of Nobel laureate economist Milton Friedman have failed the country, and that it’s time for new policies. Campaigning in 2020, Joe Biden declared that “Milton Friedman […]

COP28
Climate Crisis

Energy realities to consider as COP28 discussions wrap up

December 12, 2023 Mariel Alumit

As COP 28 winds down, the Canadian oil and gas industry is faced with the unenviable task of making sense of the declarations, plans, proposals, and unrealistic promises and attempting to chart a path forward. […]

Shell
Big Oil Companies

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 partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners. Shell will sell 60% interest in […]

U.S.
Crude Oil News

U.S. oil and gas jobs on the rise, industry shows resilience and growth

December 12, 2023 Mariel Alumit

(WO) — The Energy Workforce & Technology Council’s monthly jobs report reveals a surge of 1,286 jobs in the U.S. oilfield services sector for November. This growth, based on preliminary data from the Bureau of […]

Petrodollar
Geopolitical

Russian Natural Gas and Geopolitical Realignment Part 3: The Geopolitical Problem of the US—a German-Russo-Sino-Japanese Connection

December 12, 2023 George McMillian

George McMillan III, Copyright © December 1, 2023 / September 13, 2024 The West-to-East German-Russo-Japanese Pipeline Alliance The possibility of the Alternative For Deutschland Party defeating Olaf Scholz and the Social Democratic Party and repairing […]

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