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Home2024March

Month: March 2024

Investment
International News

Investment announced to boost UK nuclear workforce

March 26, 2024 Mariel Alumit

The government said it is partnering with industry – including BAE Systems, Rolls-Royce, EDF and Babcock – to invest at least GBP763 million (USD965 million) by 2030 in skills, jobs and education. The investment will […]

California
Crude Oil News

California Bill Seeks Closure of Depleting Wells Near Communities

March 26, 2024 Mariel Alumit

Legislation has been proposed before the California assembly to penalize oil and gas drillers for low-producing wells near communities until they plug and abandon these wells. AB2716, introduced February by lawmaker Isaac Bryan and amended […]

Vietnam's coal imports
Coal

Vietnam boosts coal imports as it promises investors no more power cuts

March 26, 2024 Mariel Alumit

HANOI, March 26 (Reuters) – Vietnam’s coal imports so far this year have nearly doubled from the same period of 2023, customs data shows, as the government strives to reassure foreign investors that factories will […]

nuclear power plants
AI

As AI booms, land near nuclear power plants becomes hot real estate

March 26, 2024 Mariel Alumit

The land surrounding a nuclear power plant might not sound like prime real estate, but as more bit barns seek to trim costs, it’s poised to become a rather hot commodity. All datacenters are energy-hungry […]

Data centers
AI

Data centers put pressure on state’s climate goals

March 26, 2024 Mariel Alumit

As computer users gather and save more information, much of it ends up in the cloud at data centers. Colorado is seeing a spike in demand for online storage, which means more data storage companies […]

Solar
Renewables Not Sustainable

Tuesday’s Energy Absurdity: What Happens When Texas Hail Meets China Solar

March 26, 2024 Mariel Alumit

Hail storms roared across Texas last week, and some of them happened in the same geographical areas where solar developers have condemned hundreds of acres of productive land to build solar installations made in China. […]

Matador Resources Company
Finance

Matador Resources Company Announces Cash Tender Offer for Any and All of Its Outstanding 5.875% Senior Notes Due 2026

March 26, 2024 Mariel Alumit

DALLAS, Mar. 26 /BusinessWire/ — Matador Resources Company (NYSE:MTDR) (“Matador”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the approximately $699.2 million outstanding aggregate […]

onshore oil and gas
Political

Court upholds 2022 onshore oil and gas lease sales following Biden’s “unlawful” leasing ban

March 26, 2024 Mariel Alumit

(WO) – Western Energy Alliance won a significant victory in court last Friday as the U.S. District Court for the District of Columbia upheld the first onshore oil and gas lease sales of the Biden […]

LNG projects
International News

French Bank Pulls Funding for Two LNG Projects

March 26, 2024 Mariel Alumit

French lender Credit Agricole has declared it will no longer finance the Rovuma LNG project in Mozambique and the Papua LNG project in Papua New Guinea. The bank cited its commitments to reduce exposure to […]

Oil and Gas
Energy Policy

The surprising reason why Big Oil may not want a second Trump term

March 26, 2024 Mariel Alumit

HOUSTON — As president, Donald Trump vowed to unleash American “energy dominance,” while on the campaign trail, he has summarized his energy policies with the slogan “drill, baby, drill.” Yet a possible Trump victory in the 2024 election is not delighting oil […]

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