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Home2024May

Month: May 2024

LNG-powered
International News

New LNG-powered containership joins CMA CGM’s fleet

May 27, 2024 Mariel Alumit

The 13,000-teu LNG-powered containership, CMA CGM Sao Paolo, has joined CMA CGM’s large fleet of LNG-fueled vessels. China’s Hudong-Zhonghua said in a statement it has handed over the LNG-powered containership to the French shipping giant […]

MOL
International News

MOL to invest heavily in wind propulsion

May 27, 2024 Stu Turley

Mitsui OSK Lines (MOL), Japan’s largest shipowner, has expressed its confidence in its self-developed wind propulsion system, announcing today plans to install its Wind Challenger hard sail on a further seven dry bulk and multipurpose […]

Petronet
Imports

Petronet expects 15 percent rise in India’s LNG imports

May 27, 2024 Mariel Alumit

India’s largest LNG importer Petronet LNG expects a 15 rise in the country’s imports of liquefied natural gas during this financial year, according to Petronet LNG’s management. Petronet’s executives said during the company’s earnings call […]

U.S.
AI

The U.S. Data Center Energy Train Wreck

May 26, 2024 Stu Turley

ENB Pub Note: I had the pleasure of interviewing Ron Miller on the podcast, and here is one of his outstanding articles. I highly recommend following him on Linkedin. The U.S. and the world are […]

Green Policies
Climate Crisis

The Fed’s End-Run Around Democracy to Promote Green Policies

May 26, 2024 Stu Turley

State of the Union: A former chief economist for the Senate Banking Committee highlights how the central bank’s unaccountability plays out concretely. In a speech hosted by the American Institute for Economic Research (AIER), Thomas Hogan, the […]

AI

US Power Demand Surge Spurs 133 New Gas Plants Amid Climate Targets

May 26, 2024 Stu Turley

Nearly halfway through a decade critical for mitigating climate change, US utilities and investors plan to add 133 new natural gas-fired power plants to the nation’s grid, as reported by S&P Global Market Intelligence. Additionally, […]

Poland
Crude Oil News

Russia and Poland resolve oil transit issue – Reuters

May 26, 2024 Stu Turley

The Polish operator of the Druzhba pipeline had reportedly faced equipment certification problems due to the EU’s sanctions against Moscow The Russian and Polish operators of the Druzhba (Friendship) pipeline have resolved an issue which […]

Texas
Electrical Generation / Utilities

Texas power demand breaks May record again as prices soar in heat wave

May 25, 2024 Stu Turley

May 24 (Reuters) – Power demand in Texas broke the record for the month of May for a second time this week on Friday as prices soared ahead of the U.S. Memorial Day long weekend […]

Bank of England
Finance

Bank of England to Sell All Remaining Bonds and Use Repos Instead to Manage Liquidity & Financial Stability

May 25, 2024 Stu Turley

Back to the future: With repos, not QE, is how central banks handled issues before 2008. The Fed also revived tools to go back into that direction. By Wolf Richter for WOLF STREET. “The Bank of England is not […]

Energy Transition
AI

The “Energy Transition” Won’t Happen – Mark Mills

May 25, 2024 Stu Turley

Foundational innovation in cloud technology and artificial intelligence will require more energy than ever before—shattering any illusion that we will restrict supplies. The laptop class has rediscovered a basic truth: foundational innovation, once adoption proceeds […]

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