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Home2024July

Month: July 2024

worst oil spill
Crude Oil News

The Philippines ‘racing against time’ to avert nation’s worst oil spill

July 26, 2024 Mariel Alumit

The race is on just outside the Philippine capital to avert the worst oil spill in the country’s history. A 22-year-old tanker carrying industrial fuel oil capsized and sank 3.6 nautical miles off Lamao Point […]

SPAC
Finance

Winemaker SPAC with Dozens of Brands, Result of PE-Firm Backed Rollup, Files for Bankruptcy 3 Years after SPAC Merger

July 25, 2024 Stu Turley

Everyone was happy, sort of, except the public that bought the misbegotten shares and got wiped out? By Wolf Richter for WOLF STREET. Vintage Wine Estates along with its subsidiaries – once a PE-firm-backed roll-up with about 34 […]

UK
Electrical Generation / Utilities

UK may need new gas-fired power capacity for decarbonised grid

July 25, 2024 Mariel Alumit

The UK will likely need new gas-fired power stations to decarbonise the electricity grid by 2030, according to a new report. The National Engineering Policy Centre report found the UK will need additional baseload power, and new […]

China
Energy Policy

Trade is key to countering China’s clean energy dominance

July 25, 2024 Mariel Alumit

To counter China’s cleantech dominance without hampering the energy transition, the United States needs to expand its circle of friends. Along with the urgent task of supporting Ukraine, another issue dominating this week’s meeting of […]

Vital Energy
Big Oil Companies

Rystad: OPEC’s Oil Reserves are Much Lower Than Officially Reported

July 25, 2024 Mariel Alumit

Rystad: global recoverable oil reserves held largely steady at around 1,500 billion barrels. The largest downward revisions are seen in Saudi Arabia, where development priorities have shifted from offshore capacity expansions to onshore infill drilling. […]

France
Energy Crisis

Europe’s Power Prices Could Rise as France Curbs Electricity Exports

July 25, 2024 Mariel Alumit

France, the biggest net electricity exporter in Europe, plans to limit power exports to neighboring countries, which could lead to higher prices in other European power markets such as Italy, Switzerland, Belgium, and Germany. France, […]

Grid-Enhancing Technologies
AI

Grid-Enhancing Technologies: The Answer to Growing Power Needs?

July 25, 2024 Mariel Alumit

Grid-enhancing technologies (GETs) can increase the capacity, efficiency, reliability, and safety of existing transmission lines. GETs can reduce congestion costs, improve the integration of renewables, increase capacity, and provide grid service applications in new and […]

Investment
Finance

Economy Re-Accelerates in Q2. Our Drunken Sailors Splurge on Durable Goods, Investment Jumps, Federal Gov Undoes Blip

July 25, 2024 Stu Turley

Our Drunken Sailors are back at it, but in moderation, so to speak, their feathers largely unruffled by interest rates. By Wolf Richter for WOLF STREET. GDP, adjusted for inflation (“real GDP”), rose by an annualized rate of […]

Energy Policy
Energy Policy

DAVID BLACKMON: Kamala Harris’ Energy Policy Catalog Is Full Of Whoppers

July 25, 2024 Mariel Alumit

The catalog of Vice President Kamala Harris’s history on energy policy is as thin as the listing of her accomplishments as President Joe Biden’s “Border Czar,” which is to say it is bereft of anything […]

Crude Oil News

Deal Spotlight Episode #8: Devon + Grayson Mill

July 25, 2024 Mariel Alumit

Another week, another deal! Grayson Mill finally decided to divest after floating out in mid-January that they were looking at an exit, and EnCap got everything they wanted! John Ferrell (CEO and Co-Founder of Well […]

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