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Home2024May

Month: May 2024

EU
Geopolitical

EU Unleashes Sweeping Sanctions Against Moscow and Minsk

May 13, 2024 Mariel Alumit

The EU proposes measures including restrictions on Russian LNG transshipment, ban on investing in key Russian LNG projects, and expanded liability for sanctions violations. Additional sanctions target Russian media outlets, state financing for EU-based political […]

Eni
Big Oil Companies

Eni Looks to Spin Off Oil and Gas Projects

May 13, 2024 Mariel Alumit

Eni is considering spinning off some stakes in oil and gas projects in Asia and Africa to have partners for their development while putting aside more money into lower-carbon energy projects, sources in the Italian […]

Nigeria
Crude Oil News

Nigeria to Boost Oil Production by 40,000 Bpd as New Field Starts Up

May 13, 2024 Mariel Alumit

Nigeria has launched oil production from a new field in the Niger Delta region, which is expected to raise crude output at Africa’s top oil producer by 40,000 barrels per day (bpd) by the end […]

Russia
Downstream

Russia Targets Kharkiv in Major Offensive After Kyiv Attacks Refineries

May 13, 2024 Mariel Alumit

Over the weekend, Russia launched a major offensive in the Kharkiv region. Russia’s end game for this region appears to be to occupy the city of Kharkiv, the second-largest city in Ukraine. Ukrainian drone attacks […]

Texas
Electrical Generation / Utilities

Addressing Texas grid reliability: Time to go nuclear?

May 13, 2024 Mariel Alumit

Without additional dispatchable power generation, traditionally from fossil fuels, Texas is vulnerable to power outages during peak demand periods if solar and wind power sources fall short. Thirty years after Texas’ last nuclear plant opened, […]

Climate Change is Driven by Changes in Orientation of Earth to Sun
Climate Crisis

Climate Change is Driven by Changes in Orientation of Earth to Sun, Not Carbon Emissions, New Analysis of Berkeley Earth Data Shows

May 13, 2024 Mariel Alumit

Climate change is being driven by a change in the orientation of the Earth to the Sun rather than carbon dioxide emissions, new analysis of data from Berkeley Earth shows. The analysis is set out […]

Iraq
Crude Oil News

Chinese firms to develop oil and gas fields in Iraq

May 13, 2024 Mariel Alumit

Baghdad (IraqiNews.com) – Iraq launched a licensing round on Saturday for 29 oil and gas projects to develop huge gas reserves to help provide electricity to the country and attract foreign investments worth billions of […]

Biden
Press

What Biden’s oil record means for the industry’s future

May 13, 2024 Stu Turley

President Joe Biden entered the White House promising to end drilling on public lands. Instead, he presided over a record boom in U.S. oil production. His Interior Department, which oversees the federal oil program, outpaced […]

Wison
LNG

Wison installs all SPB tanks on Eni’s FLNG

May 13, 2024 Stu Turley

China’s Wison New Energies has installed all four SPB LNG tanks and two LPG tanks on Eni’s Congo FLNG. The company, previously known as Wison Offshore & Marine, said in a social media post on Monday […]

QatarEnergy
LNG

QatarEnergy to take delivery of first LNG carrier of its massive shipbuilding program

May 13, 2024 Stu Turley

China’s Hudong-Zhonghua is nearing completion of the first liquefied natural gas (LNG) carrier which is being built as part of QatarEnergy’s massive shipbuilding program. According to a statement by Hudong-Zhonghua, the LNG carrier Rex Tillerson […]

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