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Home2023

Year: 2023

OPEC+
Crude Oil News

OPEC+ to extend oil output cuts

December 1, 2023 Stu Turley

The OPEC+ group of major oil-producing countries led by Russia and Saudi Arabia agreed to deepen production cuts to about 2.2 million barrels per day (bpd) at a meeting on Thursday, according to a statement […]

Construction progress
Exports

Construction progress continues on Golden Pass LNG export plant

December 1, 2023 Stu Turley

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass liquefied natural gas (LNG) export terminal on the US Gulf Coast near Sabine Pass, Texas. State-owned QatarEnergy owns a 70 percent […]

The Irony of COP 28
Climate Crisis

The Irony of COP 28: Amassing a Huge Carbon Footprint to Pressure Countries into Reducing Carbon Emissions

December 1, 2023 Stu Turley

Key Takeaways 1. The U.N.’s 28th climate meeting is attracting a record 70,000 this year, as governments, non-profits, businesses, media, and hangers-on gather in Dubai to argue over how much the United States and other […]

BP’s search for new CEO
Exploration and Production

BP’s search for new CEO to extend into next year as Looney probe drags on

December 1, 2023 Stu Turley

Nasdaq LONDON – BP’s search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board’s probe into whether previous CEO Bernard Looney breached […]

Price
Finance

Beneath the Skin of the PCE Price Index: Inflation in Services

November 30, 2023 Stu Turley

Gasoline plunged, durable goods fell. Inflation still hot in services: housing, insurance, healthcare, transportation (incl. auto services). Food inflation simmers. By Wolf Richter for WOLF STREET. The PCE price index released today boils down to this, in October […]

Big Oil Companies

Occidental Petroleum in talks to buy shale driller CrownRock for over $10 billion

November 30, 2023 Stu Turley

(Bloomberg) – Occidental Petroleum Corp. is in talks to buy shale driller CrownRock LP, according to the Wall Street Journal, as the consolidation wave in North America’s most prolific oil field gathers momentum. A deal […]

fuel
Carbon Capture

How wealthy countries evade responsibility for their fossil fuel exports

November 30, 2023 Mariel Alumit

Editor’s note: This story was originally published by Yale Environment 360. It appears here as part of the Climate Desk collaboration. When the world convenes in the United Arab Emirates for the next round of the endless climate […]

Energy
ESG

Northeast Natural Energy received “industry-first” ESG grade for Marcellus shale natural gas production

November 30, 2023 Mariel Alumit

(WO) – Northeast Natural Energy, a West Virginia-based Marcellus shale natural gas producer, has just become the first producer globally to receive an “A” letter grade from Equitable Origin (EO) for the ESG performance of […]

world
Climate Crisis

This is what the climate crisis is costing economies around the world

November 30, 2023 Mariel Alumit

The economic toll of extreme weather has grown substantially, according to a World Meteorological Organization report. Extreme weather events and climate-related disasters have caused significant economic losses, reaching nearly $1.5 trillion in the decade to […]

conference
Climate Crisis

Bjorn Lomborg: COP28 will ignore net-zero’s atrocious waste of money

November 30, 2023 Mariel Alumit

The spectacle of another annual climate conference is getting underway in the United Arab Emirates (Nov 30 – Dec 12). Like Kabuki theater, performative set pieces lead from one to the other: politicians and celebrities […]

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