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Home2024April

Month: April 2024

Austal
Finance

Austal knocks back takeover bid from Hanwha Ocean

April 2, 2024 Mariel Alumit

AsiaShipyards Hanwha Ocean Top management at Australian shipbuilding group Austal has rejected a $662m bid from South Korea’s Hanwha Ocean, citing regulatory worries. Hanwha Ocean, the yard formerly known as Daewoo Shipbuilding & Marine Engineering, […]

Baltimore
Exports

Baltimore salvage ops prove more challenging than expected

April 2, 2024 Mariel Alumit

Ahead of what will be years of legal wrangling, the owner and manager of the world’s most discussed ship, the Dali, have sought to limit potential pay-outs from last week’s Baltimore bridge allision. Singapore-based Grace […]

Climate Crisis

Regulatory Wrangles, Subsidy Skepticism, Fossil Fuel Dynamics, and Shareholder Spats

April 2, 2024 Andy Del Prado

Daily Standup Top Stories BlackRock hit with ‘cease and desist’ after allegedly misleading investors about ESG practices April 1, 2024 Mariel Alumit Mississippi Secretary of State Michael Watson and the Securities Division of the Secretary of […]

US
Finance

US Coal Production, Consumption, Exports & Imports in 2023: Consumption Plunges to Lowest since 1963. But Exports Rise

April 1, 2024 Stu Turley

By Wolf Richter for WOLF STREET. Coal consumption in the US plunged another 17.4% in 2023 from the prior year, to 426 million short tons, the lowest since 1963 (red line in the chart), according to data from […]

Texas
Offshore

Gulf’s next wind auction puts focus on Louisiana after Texas shuns renewables

April 1, 2024 Mariel Alumit

Political winds, rather than the strength of actual air currents, are steering offshore wind energy development from Texas to Louisiana. After the Gulf of Mexico’s first-ever offshore wind lease auction drew zero bids for sites […]

Kimmeridge
Crude Oil News

Kimmeridge Issues Open Letter to SilverBow Shareholders

April 1, 2024 Mariel Alumit

Remains ready to engage in good faith negotiations with SilverBow towards value-enhancing combination Publishes comprehensive financial and operational data on KTG to support shareholders in analyzing Kimmeridge’s proposal SilverBow made no contact with Kimmeridge before rejecting the March 13 proposal, […]

Oil
Crude Oil News

Oil up 1%, US WTI at 5-month closing high, market seen tight

April 1, 2024 Mariel Alumit

NEW YORK, April 1 (Reuters) – Crude prices edged up about 1% on Monday with U.S. futures closing at a five-month high, on expectations that economic growth in the U.S. and China will boost demand, […]

BlackRock
ESG

BlackRock hit with ‘cease and desist’ after allegedly misleading investors about ESG practices

April 1, 2024 Mariel Alumit

Mississippi Secretary of State Michael Watson and the Securities Division of the Secretary of State’s Office have issued a “Cease and Desist Order” against asset manager BlackRock, alleging deceptive practices regarding the company’s Environmental, Social, […]

Yellen
Energy Policy

Yellen challenges clean energy subsidies for market fairness

April 1, 2024 Mariel Alumit

On March 27, 2024, U.S. Treasury Secretary Janet Yellen announced a plan to contest certain clean energy subsidies. She argues that these subsidies create an uneven marketplace, which negatively impacts U.S. industries and their international […]

Biofuels Industry
Biofuel

USA Biofuels Industry is Booming

April 1, 2024 Mariel Alumit

The biofuels industry in the U.S. is booming. That’s what Rystad Energy stated in a release sent to Rigzone recently, adding that a “fresh surge in production is just around the corner thanks to increased […]

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