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Home2024June

Month: June 2024

Offshore Wind
Offshore

UMaine’s Floating Wind Turbine Scheme Fails to Advance in Biden Admin Offshore Wind Contest

June 25, 2024 Mariel Alumit

The heavily taxpayer-funded floating offshore wind technology developed by the University of Maine at Orono and touted by the Mills Administration has failed to advance to the third round in a prize contest held by […]

Oil
Crude Oil News

New Report Ranks Top 100 Private Oil Drillers

June 25, 2024 Mariel Alumit

After the merger and acquisition frenzy that has characterized the US upstream oil and gas business since 2020, many are left wondering who the most attractive remaining takeover targets might be. Because this spate of […]

Texas
Natural Gas

Texas Natural Gas Prices Turn Negative Even Amid Heat Wave

June 25, 2024 Mariel Alumit

In an unexpected turn of events, U.S. spot natural gas prices in Texas dropped below zero on Tuesday despite soaring demand driven by a severe heat wave. This phenomenon, typically seen in the low-demand seasons […]

Fossil Fuel
Crude Oil News

Renewable Energy Growth Fails To Offset Fossil Fuel Dominance

June 25, 2024 Mariel Alumit

At a time when the peak of “green” virtue signaling has come and gone, we regret to inform you that all that jawboning and posturing has achieved… absolutely nothing because according to the Statistical Review […]

Climate Crisis

Statistical Overview of World Energy – Physics and Fiscal Responsibility Matter

June 25, 2024 Mariel Alumit

Statistical Overview of World Energy – Physics and Fiscal Responsibility Matter The Energy Realities Team tackles the pesky topic of Statistics. Data matters and should be used in making decisions. Join David Blackmon, Tammy Nemeth, […]

UK Banks
Crude Oil News

UK Banks No Longer Finance Nation’s Small Oil and Gas Producers

June 25, 2024 Mariel Alumit

There is no longer a single British bank financing the smaller independent oil and gas producers that account for the bulk of output and investment in the North Sea, according to Neptune Energy. “The future […]

Hedge Fund
Critical Minerals

Hedge Fund Making 20% a Year For Last Decade Targets Uranium M&A

June 25, 2024 Mariel Alumit

(Bloomberg) — A top performing hedge fund is betting the pullback in uranium producer NexGen Energy Ltd. will be short lived, as the industry’s growing appeal leaves the startup well placed for a potential takeover. […]

Crude Oil News

Forget Shale: Canada’s Oil Sands Are Having Their Moment

June 25, 2024 Mariel Alumit

Canada’s oil sands were once the high-cost, dirty and unloved sibling to America’s fast-growing shale. Not any more. Oil-sands producers have been among the top-performing companies in the energy sector over the past year. Shares […]

Oil
Crude Oil News

EU Sanctions 17 Ships that Carried Oil for Russia

June 25, 2024 Mariel Alumit

The European Union placed sanctions on more than two dozen vessels, including 17 that hauled oil for Moscow. The sanctions follow similar steps taken by the UK, which included so-called dark fleet ships on a list of […]

Fervo Energy
Geothermal

Fervo Energy Announces 320 MW Power Purchase Agreements with Southern California Edison

June 25, 2024 Mariel Alumit

World’s largest geothermal PPAs highlight increasing utility demand for clean, reliable next-generation geothermal energy HOUSTON, TX (June 25, 2024) – Fervo Energy (“Fervo”), the leader in next-generation geothermal energy, announced today the execution of two power […]

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