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Home2024February

Month: February 2024

North Carolina
Electrical Generation / Utilities

A new North Carolina factory will build large power transformers. How do they help the clean energy transition?

February 19, 2024 Mariel Alumit

  Big boxes of steel, iron, and mineral oil. That’s how John Gajda, a long-time utility engineer and professor at North Carolina State University, describes the power transformers Siemens Energy plans to build in Charlotte. […]

bulk carrier
Geopolitical

Crew abandon bulk carrier after Houthi missile attack

February 19, 2024 Mariel Alumit

MarineTraffic / Wael Chahadah In a weekend of multiple attacks by the Houthis, they claim to have had their largest strike since they entered the war between Israel and Hamas in October with claims a […]

Magni Partners
Crude Oil News

Magni Partners books more VLCCs in China

February 19, 2024 Mariel Alumit

Tor Olav Troim’s firm Magni Partners has ordered two more LNG-powered very large crude carriers in China, according to brokers. The management consulting company ordered two 320,000-dwt LNG dual-fuel VLCCs at China’s New Times Shipbuilding, […]

Big Oil Companies

Daily Energy Standup Episode #311 – EV Market Slump, California Oil Battles, and Nuclear Power Advancements

February 19, 2024 Andy Del Prado

Daily Standup Top Stories Even the World’s Biggest Electric-Vehicle Market Is Slowing February 18, 2024 Stu Turley HONG KONG—Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push […]

Electric-Vehicle
Electric Vehicles

Even the World’s Biggest Electric-Vehicle Market Is Slowing

February 18, 2024 Stu Turley

HONG KONG—Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push overseas and challenge global auto giants already struggling with a transition to battery-powered cars. A subsidies-driven […]

Vishwaguru
Crude Oil News

Jaishankar’s Defense Of India’s Russian Oil Purchases Proves That His Country Is The Vishwaguru

February 18, 2024 Stu Turley

The paradigm that he shared with everyone can be described as Hyper-Realist because it explicitly articulates one’s national interests instead of leaving them ambiguous like the Neo-Realist one does. Indian Prime Minister Narendra Modi has […]

Nuclear Reactor
Energy Regulations

Government Approves Construction Permit for New Type of Nuclear Reactor for First Time in Decades

February 18, 2024 Stu Turley

For the first time in 50 years, the U.S. Nuclear Regulatory Commission has issued a construction permit for a new type of nuclear test reactor. The Hermes demonstration reactor will be built in Oak Ridge, Tennessee, by California-based […]

Inflation
Finance

Higher for Longer Inflation and Interest Rates Not Over Until the Fat Lady Sings? Waiting for the 2-Year Treasury Yield to Overshoot

February 18, 2024 Mariel Alumit

Four decades of history say it’s not over until the 2-year yield overshoots the EFFR. It has undershot for a year, and inflation is taking off again. By Wolf Richter for WOLF STREET. Inflation surprised in 2023 with […]

Greece’s Alexandroupolis
Imports

Greece’s Alexandroupolis FSRU gets commissioning cargo

February 18, 2024 Mariel Alumit

Gastrade’s FSRU-based LNG import terminal off Greece’s Alexandroupolis received its first cargo of liquefied natural gas for commissioning purposes on Sunday. Helped by Svitzer’s tugs, the 2018-built 174,000-cbm LNG carrier, GasLog Hong Kong, docked on […]

China’s stock market
Finance

China’s stock market collapse is the end of the road for many foreign investors

February 17, 2024 Stu Turley

The long-running collapse of Chinese stocks has wiped out trillions of investment dollars and delivered another blow to an economy beset by property crisis, slow growth, and deflation, and has added uncertainty about Beijing’s very support […]

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