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Home2024May

Month: May 2024

Greece
Electrical Generation / Utilities

Greece suspends electricity imports until May 7 to protect system

May 7, 2024 Mariel Alumit

The Independent Power Transmission Operator (IPTO or Admie) of Greece has announced the suspension of all electricity imports in the hours around noon through May 7. According to the official announcement of IPTO, the import capacity in interconnections with […]

bp
Big Oil Companies

bp’s first quarter profits fall below expectations

May 7, 2024 Mariel Alumit

bp has disclosed its financial performance for the first quarter of 2024. The energy giant reported an underlying profit of $2.7 billion (£2.1bn), which fell short of analyst predictions by a slight margin. This figure […]

Pennsylvania
Energy Policy

Pennsylvania Launches New Energy Initiative to Generate 50% of State’s Energy Needs with Solar Power

May 7, 2024 Mariel Alumit

Pennsylvania Governor Josh Shapiro has unveiled the Commonwealth’s new renewable energy initiative, which will see the State generate 50% of its electricity use from 10 new solar arrays. This initiative – known as the Pennsylvania […]

North Sea
Big Oil Companies

North Sea drilling to extend beyond net zero

May 7, 2024 Mariel Alumit

North Sea oil drilling is set to persist for years beyond Britain‘s net zero deadline, with officials granting approval for 31 new licences for oil and gas exploration. These licences, allocated to fossil fuel companies, […]

Cargoes
Crude Oil News

Cargoes of Russian Oil Product Stranded amid Crackdown in Key Buyer SKorea

May 7, 2024 Mariel Alumit

Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine continues to impact flows more than two years after the war […]

embargo
Finance

A green embargo by China will trigger a financial crisis that will implode the US economy!

May 7, 2024 Mariel Alumit

It seems that no one remembers the Oil Embargo of 1973, just 50 years ago, as America’s National Security is now with China’s monopoly of critical Minerals! In 1973, the Organization of Arab Petroleum Exporting […]

China
Climate Crisis

Washington Keeps Choosing the Wrong Moment to Challenge China

May 7, 2024 Mariel Alumit

The TikTok ban shows how decisions end up rushed—after being ignored. The same decision can be smart at the right time or disastrous at the wrong time. The recent passage of a bill that forces […]

China
EIA News

China continues rapid growth of nuclear power capacity

May 7, 2024 Mariel Alumit

In the past 10 years, more than 34 gigawatts (GW) of nuclear power capacity were added in China, bringing the country’s number of operating nuclear reactors to 55 with a total net capacity of 53.2 GW as […]

Massachusetts
Energy Crisis

Massachusetts legislation seeks to build on state order to phase out natural gas

May 7, 2024 Mariel Alumit

  Climate activists and legislators in Massachusetts are pushing a series of bills aimed at stopping further expansions of the natural gas system in the state. The proposed legislation attempts to build on a groundbreaking […]

shadow fleet
Crude Oil News

Regulating the ‘staggering’ shadow fleet too fast could cause global economic shock

May 7, 2024 Mariel Alumit

To unwind the shadow fleet of tankers too quickly could cause a severe global economic shock, a new report has warned. The grey tanker fleet – as tracked by brokers BRS – has grown in […]

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