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Home2024June

Month: June 2024

Enbridge
Data Center

Enbridge Constructing $1.2B Solar Farm in Wyoming to Power Influx of Data Centers and Large Industrial Customers

June 3, 2024 Mariel Alumit

Enbridge Inc., a Canadian energy developer, has received construction and operation approval to build the largest solar power project in the State of Wyoming. The $1.2 billion solar project will feature more than 1.2 million […]

Energy secretary
Electrical Generation / Utilities

Energy secretary calls for more nuclear power while celebrating $35 billion Georgia reactors

June 3, 2024 Mariel Alumit

WAYNESBORO, Ga. — U.S. Energy Secretary Jennifer Granholm on Friday called for more nuclear reactors to be built in the United States and worldwide. But the CEO of the Georgia utility that just finished the […]

Federal Reserve
Finance

U.S. House Passes Bill Banning Federal Reserve From Issuing a CBDC

June 3, 2024 Mariel Alumit

The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency. The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks […]

Steadier Oil Prices
Big Oil Companies

U.S. Shale Mergers Could Bring Steadier Oil Prices

June 3, 2024 Mariel Alumit

The key driver of the industry now is returning more to shareholders and preparing for inventory stacked up for years of production ahead. Last week, the U.S. oil industry saw its latest announcement of a […]

Ship-to-Ship Oil Transfers
Crude Oil News

Russia Has a New Hotspot For Ship-to-Ship Oil Transfers in the Mediterranean

June 3, 2024 Mariel Alumit

Following a clampdown in Greece, ship-to-ship transfers of Russian oil have moved further west in the Mediterranean, just off the eastern end of Morocco’s coast on the Mediterranean, according to vessel-tracking data compiled by Bloomberg. The […]

Q1 2025 Saudi Aramco earnings
Big Oil Companies

Saudi Aramco’s $12 billion share sale sells out in mere hours

June 3, 2024 Mariel Alumit

(Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. […]

northeastern US
Energy Crisis

The renewable green energy disaster off the northeastern US is getting worse

June 3, 2024 Mariel Alumit

Aslow-motion collapse in the offshore wind industry continues to grow as sticky inflation and supply chain challenges force developers to delay or cancel major projects. In particular, progress towards the Biden administration’s goal of building […]

LNG bunkering
LNG

Avenir in first German STS LNG bunkering op

June 3, 2024 Stu Turley

UK-based small-scale player Avenir LNG has completed its first ship-to-ship liquefied natural gas (LNG) bunkering operation in Germany. According to a social media post by Avenir, the company’s maiden STS operation in Germany took place […]

Mario Draghi
Press

For Mario Draghi, European Council rather than Commission

June 3, 2024 Stu Turley

  Mario Draghi, former European Central Bank (ECB) chief, has been mentioned as a possible candidate for one of the EU’s top jobs after June’s elections, and while the Commission presidency appears reserved for the […]

Greens
Press

Facing headwinds, the Greens push for new audiences

June 3, 2024 Stu Turley

  In a push to counter an expected drop in seats in the new European Parliament, the Greens are banking on extending their demographic and geographical base, their lead candidate Terry Reintke told Euractiv. The […]

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