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Home2024February

Month: February 2024

Cyber Terrorism

Up to Four Subsea Cables Have Been Damaged Off Yemen

February 27, 2024 Stu Turley

Just weeks after a warning about potential Houthi threats to subsea cables in the Red Sea, at least one fiber-optic line has been severed at a position off the coast of Yemen, and damage has […]

Wyoming Billions in Wind projects
Energy Transition

Wyoming Likely To See Billions Of Dollars In Wind Projects Built In Next Few Years

February 27, 2024 Stu Turley

Billions of dollars in wind energy developments are coming to Wyoming. But predicting a time when they could be connected to the electric grid is much more difficult to predict. That’s because they’ve suffered delays […]

Oil and gas profits
Finance

Oil and gas profits triple under Joe Biden even as industry decries him

February 27, 2024 Mariel Alumit

Profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration’s “hostile” policies and warns that a second term would be “disastrous” for […]

QatarEnergy
Geopolitical

Qatar’s new LNG expansion plans to squeeze out US, other rivals

February 27, 2024 Mariel Alumit

Qatar’s planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden […]

recycling
Energy Transition

Is Europe set to become China’s recycling bin?

February 27, 2024 Mariel Alumit

  The EU is considering defining post-consumer plastic waste as “plastic waste placed on the market of a Member State or a third country” – a definition which could threaten the entire recycling industry in […]

Eni
Exports

Eni to ship Congo’s first LNG cargo

February 27, 2024 Mariel Alumit

Italy’s Eni will soon ship the first liquefied natural gas cargo from its Tango floating LNG facility moored in Congolese waters. The first LNG cargo is currently being loaded and will sail to Snam’s Piombino […]

GTT
Finance

GTT CEO: up to 95 LNG carriers required for projects under construction

February 27, 2024 Mariel Alumit

The market requires up to 95 additional liquefied natural gas carriers to ship contracted volumes of LNG from plants under construction, according to GTT’s chief Philippe Berterottière. Berterottière said during GTT’s 2023 results presentation on […]

Biden Adminstration Power
Coal

U.S. Electricity Generation by Source in 2023: Natural Gas, Coal, Nuclear, Wind, Hydro, Solar, Geothermal, Biomass, Petroleum

February 27, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. Electricity generation, as measured in gigawatt-hours, has gotten hammered by a near-stagnation in demand since 2007, as efforts to make everything more efficient have produced results for electricity users who’d invested in […]

Europe’s heat pump industry
Energy Policy

First drop in sales: Honeymoon is over for Europe’s heat pump industry

February 27, 2024 Mariel Alumit

Europe’s heat pump industry is flagging and has been forced to cut, or temporarily freeze, 3,000 jobs following investments into production capacity that overshot demand growth. “In 2023, we saw sales fall for the first […]

Sandfire America
Critical Minerals

Sandfire America scores legal win for Montana copper project

February 27, 2024 Mariel Alumit

  Sandfire Resources America (TSXV: SFR) stock soared on Tuesday following a positive ruling by the Montana Supreme Court which reversed a district court decision and reinstated the permit for the company’s flagship Black Butte copper […]

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