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Home2024February

Month: February 2024

Fervo Energy Drilling
Exploration and Production

Fervo Energy Drilling Results Show Rapid Advancement of Geothermal Performance

February 12, 2024 Mariel Alumit

Drilling operations at Fervo’s Cape Station show 70% year-over-year reduction in drilling times and pave the way for rapid geothermal deployment PALO ALTO, CA (February 12, 2024) – Today at the Stanford Geothermal Workshop, Fervo Energy […]

Albania
Rare Earth Minerals

Hydrogen ‘jacuzzi’ discovered at underground chromite mine in Albania

February 12, 2024 Stu Turley

  The depths of a chromite mine in Albania have turned out to be a massive natural hydrogen reservoir, an international scientific team recently discovered. In a paper published in the journal Science, the researchers […]

JAPEX
Exploration and Production

JAPEX SEES U.S. AS ‘ENTICING’ DESTINATION FOR ENERGY EXPLORATION

February 12, 2024 Mariel Alumit

TOKYO, Feb 9 (Reuters) – Japan Petroleum Exploration (Japex) 1662.T sees the United States as the most appealing investment destination for oil and gas exploration and production, despite political risks posed by this year’s election, its senior managing executive […]

Rapid Act
Energy Policy

New York State Proposes ‘Rapid Act’ and Other Bill to Aid in Transition to Renewable Energy and Away From Natural Gas

February 12, 2024 Mariel Alumit

Governor Kathy Hochul’s Executive Budget proposal (the Transportation, Economic Development, and Environmental Conservation budget bill (A.8808/S.8308)) includes two pivotal energy proposals: the Renewable Action Through Project Interconnection and Deployment Act and the Affordable Gas Transition […]

Diamondback
Crude Oil News

Diamondback to buy shale rival Endeavor for $26 billion in latest big oil deal

February 12, 2024 Michael Tanner

Diamondback Energy Inc. and Endeavor Energy Resources LP on Monday confirmed reports they’re combining in a deal valued at about $26 billion including debt, that marks the latest big oil merger. Under the terms of […]

Spanish LNG imports
Imports

Spanish LNG imports, reloads down in January

February 12, 2024 Mariel Alumit

Spanish liquefied natural gas (LNG) imports and reloads dropped in January compared to the same month last year, according to Enagas. LNG imports decreased by 13.9 percent to about 20 TWh in January and accounted […]

Novatek
Earnings

Novatek reports profit of about $5.1 billion in 2023

February 12, 2024 Mariel Alumit

Russian LNG producer Novatek reported a net profit of about 463 billion rubles ($5.09 billion) in 2023. The company did not publish its financial results in 2022. In 2023, Novatek’s total revenues and normalized Ebitda, […]

Putin’s interview
Geopolitical

Putin’s interview with Carlson ‘mind-blowing’ – South African researcher

February 12, 2024 Mariel Alumit

People had been ‘thirsty for that kind of in-depth explanation’ of Moscow’s thinking, Mikatekiso Kubayi told RT Russian President Vladimir Putin’s interview with American journalist Tucker Carlson last week was “mind-blowing” and “explosive,” South African […]

Sempra’s Port Arthur
Exports

Construction moving forward on Sempra’s Port Arthur LNG terminal

February 12, 2024 Mariel Alumit

US engineering and construction giant Bechtel is moving forward with construction on the first phase of Sempra’s Port Arthur LNG export project in Texas worth about $13 billion. LNG player Sempra Infrastructure, a unit of […]

Virginia
Electric Vehicles

Virginia legislation would activate state program to fund electric school buses

February 12, 2024 Mariel Alumit

  Virginia is on a roll transitioning to electric school buses. And that momentum could remain uninterrupted if legislators activate a precedent-setting but dormant initiative to tap into state dollars. Freshman Del. Holly Seibold has […]

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