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Home2024May

Month: May 2024

study
Critical Minerals

Six new large mines need to come online annually by 2050 to meet global copper demand – study

May 23, 2024 Mariel Alumit

A study by researchers at the University of Michigan and Cornell University has found that copper cannot be mined quickly enough to keep up with current US policy guidelines to transition the country’s electricity and […]

Gas
Electric Vehicles

Guess Which State Is Exploring Replacing Gas Taxes With Surveillance

May 23, 2024 Mariel Alumit

One of the benefits of buying an EV is saving money by ditching trips to the gas pump in favor of a plug either at home (usually affordable) or at a public charging station (at […]

Crude Oil News

Deal Spotlight Episode #7: Exxon vs. Chevron for Hess and The Battle For Guyana

May 23, 2024 Michael Tanner

Guyana has emerged as one of the most prized oil assets over the last 10 years and the race to develop this asset is seen as critical to stable oil production growth over the next 10 years. Chevron has attempted to jump into this growth […]

MOL
LNG

MOL and Jera seal another charter deal for newbuild LNG carrier

May 23, 2024 Stu Turley

Japan’s shipping giant MOL has signed a new long-term deal to charter one newbuild liquefied natural gas carrier to compatriot LNG trading and power firm Jera. MOL said in a statement on Wednesday it has […]

CoolCo
LNG

CoolCo working to secure charters for three LNG carriers

May 23, 2024 Stu Turley

LNG carrier operator CoolCo is working to secure charter deals for its second newbuild LNG carrier as well as for two vessels redelivering in the second half of 2024. NYSE and Oslo-listed CoolCo recently entered […]

UAE’s Adnoc
LNG

UAE’s Adnoc in Mozambique LNG move

May 23, 2024 Stu Turley

UAE’s Adnoc has agreed to buy Galp’s 10 percent interest in the Area 4 concession of the Rovuma basin in Mozambique, which includes Eni’s Coral South FLNG project. This is Adnoc’s second international LNG move […]

California
Electric Vehicles

Thursday’s Energy Absurdity: In California, the tax-per-mile ‘conspiracy theory’ becomes reality

May 23, 2024 Mariel Alumit

For several years now, boosters of the failing energy transition have publicly dismissed critics who have speculated that their ultimate goal where transportation is concerned is not merely to shift private car owners to adopt […]

Shell
Big Oil Companies

Shell’s updated energy transition strategy receives shareholder approval on reduced emissions targets

May 23, 2024 Mariel Alumit

(Bloomberg) – Shell Plc shareholders approved the company’s new energy transition plan with reduced carbon-emissions targets, while rejecting a resolution asking the oil and gas giant to align itself with the Paris Climate Agreement. Shell’s […]

Net-Zero
Crude Oil News

Net-Zero Comes With Insane $215 Trillion Price Tag

May 23, 2024 Mariel Alumit

The world would need as much as $215 trillion in cumulative investments to achieve a fully decarbonized global energy system by 2050, research provider BloombergNEF (BNEF) said in a report on Tuesday. This investment would be 19% […]

TotalEnergies
Electrical Generation / Utilities

TotalEnergies reaches 2GW of renewable capacity in France

May 23, 2024 Mariel Alumit

TotalEnergies has announced that it has exceeded 2GW of installed renewable electricity production capacity in France. This announcement coincided with the inauguration of a 63MW wind farm in the Marne region on 24th May. TotalEnergies’ […]

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