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Home2024May

Month: May 2024

India
Coal

India’s Coal Consumption and Emissions Hit Record Highs in Q1

May 9, 2024 Mariel Alumit

Amid a heatwave and reduced hydropower generation, India boosted its coal consumption to a record high in the first quarter of the year, which also drove up emissions from the power sector to an all-time […]

LNG
Exports

LNG’s Role in a Realistic Energy Transition

May 9, 2024 Mariel Alumit

LNG Market Trends and Growth We are observing remarkable expansion and diversification within the global LNG market. It is projected that the market will grow from 400 million tons in 2023 to over 600 million tons by […]

California
Exports

Gov. Gavin Newsom will Fiddle his Way to Rome While California Incinerates

May 9, 2024 Mariel Alumit

California Governor Gavin Newsom is taking his climate change road show to the Vatican where he was invited to speak by Pope Francis at a Summit of mayors and governors. The Summit, which will be […]

McDermott
LNG

McDermott’s CB&I says Marsa LNG tank gig worth up to $250 million

May 9, 2024 Stu Turley

McDermott’s unit CB&I will build one liquefied natural gas storage tank for the TotalEnergies-led Marsa LNG bunkering project in Oman for up to $250 million. According to a statement by Houston-based McDermott, the “significant” contract […]

net-zero
Finance

Being bossy about green issues won’t get us to net-zero any faster

May 9, 2024 Mariel Alumit

A recent McKinsey report reckoned the world would need to spend $275tn (£221tn) by 2050 to reach net-zero. That is almost three times current annual world income and output. The sum is so large because […]

climate
Climate Crisis

Exclusive: Corporate climate watchdog document deems carbon offsets largely ineffective

May 9, 2024 Mariel Alumit

LONDON (Reuters) – Staff at an influential corporate climate action group whose board announced a plan to allow companies to offset greenhouse gas emissions from their supply chain with carbon credits has now found such […]

Texas
Electrical Generation / Utilities

Texas Spot Power Prices Jump Almost 100-Fold on Tight Supply

May 9, 2024 Mariel Alumit

(Bloomberg) — Texas electricity prices soared almost 100-fold as a high number of power-plant outages raised concerns of a potential evening shortfall. Spot prices at the North Hub, which includes Dallas, jumped to more than […]

Treasury
Energy Policy

DAVID BLACKMON: Biden Treasury Could End Up Vaporizing Billions Of Dollars With Activist-Driven Rule

May 9, 2024 Mariel Alumit

In May of last year, I wrote about how U.S. Treasury Department’s then-proposed rules for the hydrogen production tax credit (Internal Revenue Code Section 45V) could impact the Environmental Protection Agency’s (EPA) power-plant rules. While low greenhouse-gas (GHG) hydrogen […]

Kimmeridge
Crude Oil News

Kimmeridge Releases Presentation on SilverBow’s Unabashed Worst-in-Class Governance

May 9, 2024 Mariel Alumit

SilverBow needs experienced, independent directors who are capable and open to assessing all value enhancing alternatives to create significant long-term shareholder value Urges shareholders to vote “FOR” all three of Kimmeridge’s highly qualified, independent nominees […]

HighPeak Energy
Earnings

HighPeak Energy, Inc. Announces First Quarter 2024 Financial and Operating Results

May 9, 2024 Mariel Alumit

FORT WORTH, Texas, May 08, 2024 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter ended March 31, 2024. Highlights First Quarter 2024 […]

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