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Home2024April

Month: April 2024

Cooperman
Alternative Investments

Cooperman Bets 15% on Energy, Oil Eyes $80-$90 Amid Tensions

April 24, 2024 Mariel Alumit

Cooperman’s Energy Bet Billionaire investor Leon Cooperman has disclosed a significant investment in energy stocks, attributing his decision to the recent surge in oil prices amid Middle East tensions. Cooperman, the chair and CEO of […]

Microgrids
Grid

Philippine Government Awards Contract for the Development of 8 New Microgrids

April 24, 2024 Mariel Alumit

Nearly 4 million Filipino households are either unserved or underserved by the nation’s power grid. However, the country has just taken a big step in achieving its goal of fully electrifying those homes. After concluding […]

Natural Gas

Mountain Valley Pipeline largely completed, company says

April 24, 2024 Mariel Alumit

The Mountain Valley Pipeline is largely completed, the company said Monday in requesting federal approval for it to be placed in service. Although some work remains, the company asked the Federal Energy Regulatory Commission to […]

Americans
EIA News

Americans consumed record amounts of natural gas in 2023

April 24, 2024 Mariel Alumit

The latest figures from the U.S. Energy Information Administration show that Americans are consuming a record amount of natural gas. In 2023, the U.S. consumed 89.1 billion cubic feet of gas in 2023, which was […]

Tesla
Electric Vehicles

Tesla shares jump 13% after Musk says company aims to start production of affordable new EV by early 2025

April 24, 2024 Mariel Alumit

Tesla reported a 9% drop in first-quarter revenue on Tuesday, the biggest decline since 2012, and missed analysts’ estimates, as the electric vehicle company weathers the effect of ongoing price cuts. The stock jumped in extended […]

Eni
Exploration and Production

Eni, Ithaca Energy to combine upstream UK assets to increase UKCS presence

April 24, 2024 Mariel Alumit

(WO) – Eni S.p.A. has reached an agreement to combine substantially all of its upstream assets in the UK, excluding its East Irish Sea assets and CCUS activities with Ithaca Energy plc, (“Ithaca”), marking a […]

US
Biofuel

TotalEnergies launches new partnership for US biomethane projects

April 24, 2024 Mariel Alumit

Energy giant TotalEnergies and fund portfolio company Vanguard Renewables have partnered to develop on-farm biomethane projects in the US. The collaboration aims to establish ten biomethane projects with an annual capacity of 0.8TWh, with the […]

green home upgrades
Housing

Groups call for stronger protections for green home upgrades

April 24, 2024 Mariel Alumit

Citizens Advice, Energy UK, Which? and Nationwide have jointly requested Energy Secretary Claire Coutinho to promptly review consumer protections for individuals undertaking green home upgrades. This request follows a letter to Ms Coutinho, which highlights […]

Biden
Crude Oil News

Congressional Push for Oil Sanctions Puts Biden in a Bind

April 24, 2024 Mariel Alumit

New measures to punish Iran, Venezuela, and Russia could raise crude prices and hurt Biden in an election year. The Biden administration has been loath to unleash the oil weapon to bring misbehaving countries to […]

U.S.
Exports

Is the U.S. Preparing to Ban Future LNG Sales to China?

April 24, 2024 Mariel Alumit

The Department of Energy’s “temporary pause” opens the door.  A low-profile post by the U.S. Department of Energy (DOE) may point to a serious strategic change in U.S. policy in trade, energy, and relations with […]

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