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Home2024June

Month: June 2024

Oil and Natural Gas Industry
Crude Oil News

Oil and Natural Gas Industry Contributes $2.42 Billion in Taxes in 2023

June 27, 2024 Mariel Alumit

Casper, Wyo. – The Petroleum Association of Wyoming (PAW) proudly announces that the oil and natural gas industry has made a monumental contribution of $2.42 billion in taxes to the state of Wyoming in 2023. […]

Fugro
International News

Fugro awarded offshore wind site characterisation deal in Japan

June 27, 2024 Mariel Alumit

Dutch surveyor Fugro has been awarded a site characterisation contract for a wind farm development off the coast of the Japanese cities of Murakami and Tainai, Japan. The offshore wind farm off the country’s west […]

Houthis
Geopolitical

Houthis claim to have developed long-range hypersonic missile

June 27, 2024 Mariel Alumit

  Adding to the growing panic for seafarers transiting the Middle East, the Houthis have claimed this week to have launched a homemade long-range hypersonic missile called the Hadim-2. This solid-fuel missile (pictured) was reportedly […]

CCUS

US Treasury imposes sanctions on Iranian shadow banking network laundering oil money

June 27, 2024 Andy Del Prado

Daily Standup Top Stories Shell to build carbon capture and storage projects in Canada June 26, 2024 Mariel Alumit Shell Canada Products, a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Polaris, a carbon […]

Yen
Finance

Yen Drops to 161 against USD. -34% since 2020, -53% since 2012. Currency Collapse Comes to Mind. Bank of Japan Finally Gets Nervous about its Crazed Monetary Policies

June 26, 2024 Stu Turley

A collapsed yen is not good for Japan, which has had a trade deficit for years. And it contributed to energy price shocks. By Wolf Richter for WOLF STREET: The yen dropped to ¥160.8 to the USD today, […]

Equinor
Crude Oil News

Equinor enlists Ocean Installer for SURF EPCI work on $1.1 billion Troll project offshore Norway

June 26, 2024 Mariel Alumit

(WO) – Ocean Installer has been chosen by Equinor and its partners in the Troll A license as the SURF contractor for their new 12 billion NOK ($1.13 billion) investment in the Troll Phase 3 […]

Saudi Aramco
Finance

Saudi Aramco Set to Buy 25% in U.S. LNG Project

June 26, 2024 Mariel Alumit

Saudi Arabia’s oil giant Aramco has signed a non-binding agreement to buy LNG from Sempra’s Port Arthur LNG project and potentially acquire 25% in the project’s Phase 2, the U.S. and Saudi firms said on Wednesday. Under […]

German
Electric Vehicles

German Industry Vulnerable to Chinese Retaliation

June 26, 2024 Mariel Alumit

China and the EU have agreed to enter discussions over tariffs imposed on Chinese electric vehicles. German Vice Chancellor Robert Habeck visited Beijing to discuss trade issues, but a meeting with Premier Li Qiang was […]

Electric Vehicles

‘Why I ditched my Tesla for a 12-year-old petrol car’

June 26, 2024 Mariel Alumit

Owners of electric cars are ditching battery power and returning to petrol as demand for greener vehicles drops across Britain. Range anxiety, a lack of public charging points and limited incentives are the key factors behind the […]

US Treasury
Energy Policy

US Treasury imposes sanctions on Iranian shadow banking network laundering oil money

June 26, 2024 Mariel Alumit

The US Treasury Department on June 25 imposed sanctions on parts of a shadow banking network that Iran uses to launder billions in oil proceeds used to provide weapons to Russia and regional proxy groups […]

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