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Home2024April

Month: April 2024

greenhouse gas emissions
Finance

Just 57 companies linked to 80% of greenhouse gas emissions since 2016

April 4, 2024 Mariel Alumit

A mere 57 oil, gas, coal and cement producers are directly linked to 80% of the world’s greenhouse gas emissions since the 2016 Paris climate agreement, a study has shown. This powerful cohort of state-controlled […]

Norfolk Southern
Coal

Norfolk Southern begins detour moves of coal that normally moves through Port of Baltimore

April 4, 2024 Mariel Alumit

The first train was delivered today to the railroad’s Lambert’s Point terminal in Norfolk, Va., as Norfolk Southern works with automotive, intermodal, and break bulk customers on alternate port options ATLANTA — Norfolk Southern today […]

Wind Turbine Rotor Blades
ESG

Hazardous Particles From Wind Turbine Rotor Blades

April 4, 2024 Mariel Alumit

The new research on microplastics in the environment is quite uncomfortable for both the wind power industry and our rulers Last week I drew attention to the health risks of microplastics and that no one in a […]

UK
Energy Storage

UK start up announces massive battery projects

April 4, 2024 Mariel Alumit

UK-based start-up, affiliated with the larger European energy group NatPower Group, has revealed plans to license three ‘gigaparks’ of large battery storage projects by next year, with ambitions to expand to ten more by 2025. […]

Aramco
Downstream

Aramco Awards Deals Worth $7.7B for Major Gas Plant Expansion

April 4, 2024 Mariel Alumit

In a statement posted on its website recently, Saudi Aramco announced that it has awarded engineering, procurement, and construction (EPC) contracts worth $7.7 billion for a “major expansion” of the company’s Fadhili Gas Plant in […]

Trans Mountain
Crude Oil News

New Trans Mountain Pipeline on Track to Start Up Next Month

April 4, 2024 Mariel Alumit

The expansion of the Trans Mountain oil pipeline is almost complete and the project is on track to start up on May 1 after the government-owned company finished a mountainous segment in British Columbia that had delayed […]

Exxon
Earnings

Exxon Warns Q1 Profits Will Suffer Due to Lower Oil Prices

April 4, 2024 Mariel Alumit

Exxon has warned that its first-quarter income figures will be affected by lower oil prices, Reuters has reported, citing a securities filing. Besides lower oil benchmarks, the company also pointed to weaker gas prices and a […]

UK
Energy Crisis

UK unveils scheme to slash energy costs for key sectors

April 4, 2024 Mariel Alumit

The UK Government has launched the British Industry Supercharger to reduce energy costs for key sectors like steel, metals and chemicals. Measures aim to align UK businesses globally, offering exemptions from certain electricity costs and […]

prepayment meters
Electrical Generation / Utilities

Nearly £542k payout for customers wrongfully forced into prepayment meters

April 4, 2024 Mariel Alumit

Ofgem launched a Market Compliance Review (MCR) last year to examine involuntary prepayment meter practices in the energy sector, aiming to prevent wrongful installations. New regulations announced in November 2023 require compliance from all energy […]

U.S. ethane
Downstream

U.S. ethane production, consumption, and exports set new records again in 2023

April 4, 2024 Mariel Alumit

U.S. ethane production, consumption, and exports established new record highs in 2023, according to data from our Petroleum Supply Monthly. Continued growth in ethane consumption in the global petrochemical sector and rising ethane recovery associated with […]

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