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Home2024April

Month: April 2024

New LNG Export Project
Big Oil Companies

Oil Giants Seek Stakes in the UAE’s New LNG Export Project

April 23, 2024 Mariel Alumit

Large international oil and gas companies, including top LNG traders Shell and TotalEnergies, are in discussions to buy stakes in the new LNG export project of the United Arab Emirates (UAE), anonymous sources familiar with […]

oil
Crude Oil News

How US shale keeps sheltering America from the next oil price surge

April 23, 2024 Mariel Alumit

In 1973 and 1979 war in Israel and turmoil in Iran twice ruptured the oil market, triggering an inflationary surge that sapped western economies and unseated a US president. In the decades since, the possibility […]

PDVSA
Crude Oil News

Ten Charged in US Accused of Aiding Venezuela’s PDVSA

April 23, 2024 Mariel Alumit

United States authorities have indicted 10 people for breaching sanctions against Petróleos de Venezuela SA (PDVSA), one of them a Venezuelan military official, the Department of Justice (DOJ) said Monday. They conspired to export millions […]

UAE
Crude Oil News

UAE steps up oil security as markets shrug off Iran-Israel escalation fears

April 23, 2024 Mariel Alumit

Abu Dhabi has stepped up its security around oil and shipping in the UAE following Israel’s retaliatory strike on Iran, according to industry sources. One source with knowledge of the matter told S&P Global Commodity […]

Tesla
Electric Vehicles

Tesla cuts prices in China, Germany and around globe after US cuts

April 23, 2024 Mariel Alumit

BEIJING/FRANKFURT, April 21 (Reuters) – Tesla (TSLA.O), has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war […]

National Grid
Electrical Generation / Utilities

National Grid proposes new green electricity projects

April 23, 2024 Mariel Alumit

National Grid has unveiled proposals for two electricity projects in Lincolnshire and West Norfolk, aiming to enhance local energy supplies and support net zero. These projects, named Eastern Green Link 3 (EGL 3) and Eastern […]

EV
Electric Vehicles

EU’s 2050 net zero goals at risk as EV rollout faces setbacks

April 23, 2024 Mariel Alumit

  The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as electric vehicles (EVs) remain unaffordable and alternative fuel options are not credible, the EU’s external […]

renewable energy projects
Energy Transition

Scottish renewable energy projects greenlit

April 23, 2024 Mariel Alumit

Ahead of the Contracts for Difference Allocation Round 6, multiple renewable energy projects in Scotland have been granted consent, including the first project in the Crown Estate Scotland‘s Innovation and Targeted Oil and Gas leasing […]

UK
International News

Approval granted for doubling capacity of UK offshore wind farms

April 23, 2024 Mariel Alumit

The UK Secretary of State for Energy Security and Net Zero has granted development consent for the Sheringham Shoal and Dudgeon Extension Projects off the North Norfolk coast. These projects, extensions to operational Sheringham Shoal […]

Coal
Coal

‘Coal phase-out and workforce shortages drive power price hike’

April 23, 2024 Mariel Alumit

The transition away from coal-fired power and the challenges in recruiting skilled workers for renewable energy projects are expected to keep electricity prices high in Australia until 2030, according to the latest NEM Benchmark Power […]

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