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Home2024April

Month: April 2024

Russia's Revenue
Crude Oil News

Russia’s Revenue Jumps in First Quarter as Oil Prices Rise

April 9, 2024 Mariel Alumit

Russia reported a sharp increase in revenue in the first quarter due in part to one-time tax payments and rising oil prices as the country continues to weather sanctions over its war in Ukraine. Russia […]

China’s Dapeng LNG terminal
International News

China’s Dapeng LNG terminal boosts gas deliveries in Q1

April 9, 2024 Mariel Alumit

China’s Guangdong Dapeng LNG import terminal has increased its deliveries of natural gas to downstream customers in the first quarter of this year compared to the same period last year, according to CNOOC Gas & […]

Global energy sector
Climate Crisis

Global energy sector faces rising political uncertainty

April 9, 2024 Mariel Alumit

Political uncertainty looms large over the global energy sector, raising concerns among industry professionals, according to the latest report by DNV. The survey, which gathered insights from almost 1,300 senior energy professionals globally, highlights a […]

‘UK’s decarbonisation
Carbon Capture

‘UK’s decarbonisation efforts stagnate’

April 9, 2024 Mariel Alumit

BloombergNEF‘s latest report on the G-20 Zero-Carbon Policy Scoreboard reveals sluggish progress in the UK’s decarbonisation efforts over the past year. Despite being among the top performers, the UK’s overall score dropped to 63%, down […]

Grid
Electrical Generation / Utilities

Grid constraints lead to nearly £1bn in curtailment costs on 2023 electricity bills

April 9, 2024 Mariel Alumit

Grid capacity constraints have added nearly £1 billion in ‘curtailment‘ costs to electricity bills for homes and businesses in 2023, as abundant wind energy couldn’t be transmitted due to constraints. The majority of this cost, […]

Janet Yellen
Finance

Janet Yellen Has a Three-Body Problem With China

April 9, 2024 Mariel Alumit

The U.S. treasury secretary blasted Beijing’s industrial overcapacity, but it’s a tough message to carry off convincingly. The U.S. treasury secretary blasted Beijing’s industrial overcapacity, but it’s a tough message to carry off convincingly. By […]

U.S.
EIA News

U.S. refiners and chemical manufacturers lead hydrogen production and consumption

April 9, 2024 Mariel Alumit

U.S. manufacturers specializing in chemicals and petroleum refining have traditionally accounted for the largest shares of both hydrogen consumption and production, and they pay the least for it. With new legislation, we expect changes to […]

North Sea
Energy Crisis

European states sign pledge to protect North Sea infrastructure

April 9, 2024 Mariel Alumit

  Britain and other major European countries with maritime borders on the North Sea on Tuesday (9 April) signed an agreement to work together to protect underwater infrastructure, including from possible Russian attacks. The six […]

US
Geopolitical

US pledges to prevent Russia from developing new energy projects

April 9, 2024 Mariel Alumit

  Washington wants to ensure that Novatek’s Arctic LNG 2 project is “dead in the water,” the State Department has said The US is aiming to halt the development of the Russian energy sector, including […]

BRICS
BRICS

BRICS helping Russia bypass Western sanctions – Lavrov

April 9, 2024 Mariel Alumit

Moscow uses multilateral formats outside US control to work around the restrictions, the foreign minister has said Russia and China are able to overcome the problems arising from Western sanctions by using multilateral formats, such […]

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