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Home2024May

Month: May 2024

US LNG exports
Exports

US LNG exports climb to 26 shipments

May 31, 2024 Mariel Alumit

US liquefied natural gas (LNG) exports rose in the week ending May 29 compared to the week before, according to the Energy Information Administration. The agency said in its weekly report that 26 LNG carriers […]

First Gen
International News

First Gen seeks LNG cargo for July delivery

May 31, 2024 Stu Turley

Power producer First Gen is seeking one spot LNG cargo for delivery in July to its FSRU-based import terminal in Batangas, Philippines. The firm controlled by the Lopez family said it seeks to procure a […]

Arctic
Geopolitical

The Geopolitics of New Arctic Shipping Lanes

May 31, 2024 Mariel Alumit

The Northern Route OSLO, Norway—The hits to global shipping just keep coming. With the Iran-backed Houthi rebels in Yemen still taking shots at commercial vessels in the Red Sea, traffic there is down almost 60 […]

summer natural gas
EIA News

Our U.S. summer natural gas consumption forecast for electric power matches 2023 record

May 31, 2024 Mariel Alumit

We forecast that the natural gas consumed for electricity generation this summer in the United States will reach near the record set last year. Despite a 3% increase in overall U.S. electricity generation this summer, […]

Gorgon LNG
International News

Chevron’s Gorgon LNG plant resumes full operations

May 31, 2024 Mariel Alumit

Chevron Australia, a unit of US energy giant Chevron, has resumed full production at its Gorgon LNG terminal in Western Australia. “Chevron Australia has resumed full LNG production from the Gorgon gas facility with the […]

Sunrun
Electrical Generation / Utilities

Sunrun CEO says utilities’ ‘slow and no’ culture gets in the way of energy innovation

May 31, 2024 Mariel Alumit

  As president and CEO of Green Mountain Power in Vermont, Mary Powell developed the first utility partnership with Tesla to attach residential Powerwall batteries to the grid, providing backup clean power for the utility […]

Banks
Finance

Nonresidential CRE Loans Are Leaving Skid Marks on Banks

May 30, 2024 Mariel Alumit

They’re only a small-ish part of the banking industry’s overall loan book. But some banks are more exposed than others. By Wolf Richter for WOLF STREET. Banks are still very profitable. The industry reported quarterly net income of […]

Britain
Press

Challenges in Britain’s smart meter rollout

May 30, 2024 Stu Turley

The latest quarterly update on smart meters in Britain reveals that as of March 2024, large energy suppliers were operating over 24.1 million gas meters and 29.2 million electricity meters in domestic properties. Of these, […]

Exxon
Big Oil Companies

Exxon beats activist investors by large margin

May 30, 2024 Mariel Alumit

A virtual meeting likely hasn’t seen this much tension since your family tried to play Quiplash during the pandemic. Most shareholders (95%) sided with Exxon Mobil yesterday during the company’s annual shareholder meeting, voting to reelect all […]

Moscow
Geopolitical

MACRO ADVISORY: Moscow is playing a long gas game

May 30, 2024 Mariel Alumit

Eighteen months have passed since the EU banned the import of Russian crude oil and refined products and Moscow has successfully managed to replace what was its biggest export market, Europe, with new customers in […]

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