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Home2024March

Month: March 2024

Saudi Aramco CEO
Crude Oil News

Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil

March 18, 2024 Mariel Alumit

HOUSTON — Saudi Aramco CEO Amin Nasser said Monday that the energy transition is failing and policymakers should abandon the “fantasy” of phasing out oil and gas, as demand for fossil fuels is expected to […]

TotalEnergies
CCUS

TotalEnergies to acquire CCS business from Talos Energy

March 18, 2024 Mariel Alumit

TotalEnergies E&P USA Inc. has agreed to acquire Talos Low Carbon Solutions LLC—Talos Energy Inc.’s entire carbon capture and sequestration (CCS) business—for a combined total of about $148 million, the companies said in separate releases […]

Shell
Electric Vehicles

Shell Plans to Divest 1K Retail Sites in Shift to EV Charging

March 18, 2024 Mariel Alumit

Shell Plc plans to divest 500 retail sites annually over the next two years, responding to a growing demand for electric vehicle chargers. “We are upgrading our retail network, with expanded electric vehicle charging and […]

EU
International News

EU, US Eye Collaboration on Nuclear Materials

March 18, 2024 Mariel Alumit

The European Union and the United States intend to forge cooperation to curb the globe’s reliance on Russia in the nuclear energy supply chain, a joint statement said. This was agreed at the recent US-EU […]

China
Climate Crisis

Climate bureaucrats giving China a free pass on its massive pollution

March 18, 2024 Mariel Alumit

China’s annual greenhouse gas emissions have soared over the past 20 years, dwarfing those of the U.S. But according to our progressive federal bureaucrats, America’s cumulative historical emissions are the problem and Beijing now deserves […]

Africa Oil
Crude Oil News

Africa Oil increases stake in massive Venus discovery in Namibia’s Orange basin

March 18, 2024 Mariel Alumit

(WO) – Africa Oil Corp. has made a cash offer to acquire up to 8.0% of issued shares from minority shareholders in Impact Oil and Gas Limited. The offer is worth up to approximately $64 […]

oil and gas rigs
Crude Oil News

US drillers add most oil and gas rigs in a week since September – Baker Hughes

March 18, 2024 Mariel Alumit

March 15 (Reuters) – U.S. energy firms this week added the biggest number of oil and natural gas rigs in a week since September, with the oil rig count also rising to its highest in […]

Oil
Crude Oil News

Oil Majors Set To Sanction $125 Billion Upstream Projects in 2024

March 18, 2024 Mariel Alumit

International oil and gas majors and the Middle East’s national oil companies are expected to give the green light this year to up to 30 projects, worth a total investment of $125 billion and holding […]

Exxon
Crude Oil News

ExxonMobil announces oil and gas discovery offshore Guyana

March 18, 2024 Mariel Alumit

ExxonMobil has announced a new oil and gas discovery at the Bluefin well in the Stabroek block offshore Guyana. The development marks the company’s first such announcement in the country this year. It adds to […]

Putin
Geopolitical

Putin’s Talk Of Setting Up A “Sanitary/Security Zone” In Ukraine Hints At A Potential Compromise

March 18, 2024 Mariel Alumit

If the military-strategic dynamics remain on track and the West is still led by “rational” leaders with an interest in preventing a nuclear apocalypse, then President Putin’s “sanitary/security zone” could lay the basis for a […]

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