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Home2024March

Month: March 2024

Energy Crisis
Energy Crisis

2 Ways to Play Europe’s $800 Billion Energy Crisis

March 4, 2024 Mariel Alumit

The energy crisis that engulfed Europe after Western sanctions punished Russia’s invasion of Ukraine cost the continent hundreds of billions of dollars. Now, the Middle East crisis and the Houthi war on the Red Sea […]

LNG Market
Exports

Analysts Forecast “Lower for Longer” Prices in LNG Market

March 4, 2024 Mariel Alumit

MUFG Bank forecasts a surplus of LNG supply by 2025, primarily driven by a surge in supply from the US and the Middle East, potentially leading to lower prices and the end of the energy […]

methane
Energy Tech

A new watchdog satellite will sniff out methane emissions from space

March 4, 2024 Mariel Alumit

The global crackdown on methane emissions will get a boost this week from a watchdog satellite built to track and publicly reveal the biggest methane polluters in the oil and gas industry. The satellite, designed […]

oil
Crude Oil News

Kurdish oil/gas companies say no deal to resume oil exports through Turkey

March 4, 2024 Mariel Alumit

The Association of the Petroleum Industry of Kurdistan on March 2 said there was no deal to resume oil exports through northern Iraq into Turkey, dashing hopes after reports that Baghdad had reached an agreement […]

OPEC+
Crude Oil News

Several OPEC+ countries extend output cuts through Q2, as Russia announces new reductions

March 4, 2024 Mariel Alumit

OPEC and its allies will maintain their tight grip on oil supply, with several members on March 3 announcing extensions of their voluntary production cuts that had been scheduled to expire at the end of […]

Strategic Petroleum Reserve
Energy Policy

US funding bill blocks China from buying oil from Strategic Petroleum Reserve

March 4, 2024 Mariel Alumit

WASHINGTON, March 3 (Reuters) – A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve. The desire for a hard line […]

Chevron
Hydrogen

Chevron announces its first solar-to-hydrogen production project in California’s Central Valley

March 4, 2024 Mariel Alumit

SAN RAMON, Calif., Feb. 29 /BusinessWire/ — Chevron New Energies, a division of Chevron U.S.A. Inc., announced it is developing a 5-megawatt hydrogen production project in California’s Central Valley. The project aims to create lower […]

EQT
Crude Oil News

EQT Announces Strategic Production Curtailment

March 4, 2024 Mariel Alumit

PITTSBURGH, March 4, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February in response to […]

Canada
Hydrogen

Canada backs World Energy GH2’s green hydrogen project with $95M

March 4, 2024 Mariel Alumit

The Government of Canada has agreed to support the development of Project Nujio’qonik, the country’s first commercial-scale green hydrogen/ammonia facility on the west coast of Newfoundland and Labrador. To this end, World Energy GH2, the […]

J-Power
International News

Japan’s J-Power launches $380m takeover bid for Australian renewable energy firm Genex Power

March 4, 2024 Mariel Alumit

Japanese renewable energy specialist Electric Power Development (J-Power) has unveiled a $380 million takeover offer for Australia’s Genex Power (ASX: GNX). The non-binding, indicative and conditional proposal from J-Power is aimed at acquiring all of the […]

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