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Home2024July

Month: July 2024

Kpler Data
Crude Oil News

Kpler Data: Saudi Arabia’s Oil Exports Fall to Lowest In Decade

July 11, 2024 Mariel Alumit

Recent data from Kpler reveals a significant decline in crude oil exports from major OPEC+ producers in June, driven largely by weak demand in Asian markets and increased domestic consumption in the Middle East. This […]

Mexico
Exploration and Production

Mexico LNG terminal set to ship first cargo, others remain in limbo

July 11, 2024 Mariel Alumit

An LNG terminal on Mexico’s coast will soon begin operations, while a half-dozen other Mexican LNG projects remain on the drawing board. Altamira LNG is a floating terminal in the Gulf of Mexico off the […]

European
Coal

Carbon-heavy but cheaper coal to replace gas in European power mix this winter

July 11, 2024 Mariel Alumit

PARIS/FRANKFURT, July 10 (Reuters) – A rise in European wholesale gas prices over the past several months could encourage more utilities to switch to coal for electricity generation this coming winter, even as countries try […]

Climate
Energy Policy

‘Climate policy’ is how the elite sustain economic growth

July 11, 2024 Mariel Alumit

Starting in the 1990s, at the end of the Cold War, climate change became a fixation for rich-country politicians and elites. There was relative peace and trust across the world, broad economic growth and swift progress being […]

emissions
Climate Crisis

Opinion: Net zero? Global emissions are actually rising, not falling

July 11, 2024 Mariel Alumit

Almost daily, the mainstream media in most western countries publishes stories about the world rapidly and irresistibly moving to eliminate emissions of carbon dioxide and other greenhouse gases by 2050. The United Nations has published […]

Honeywell
Finance

Honeywell to Acquire Air Products’ Liquefied Natural Gas Process Technology and Equipment Business to Expand Energy Transition Solutions and Services

July 11, 2024 Mariel Alumit

Honeywell (Nasdaq: HON) and Air Products (NYSE:APD) jointly announced today that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This […]

Finance

Honeywell to buy Air Products’ LNG business for $1.81 billion

July 11, 2024 Andy Del Prado

US conglomerate Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. LNG equipment specialist Air Products and Honeywell revealed the move […]

Adnoc
Big Oil Companies

BP, Mitsui, Shell, and TotalEnergies to invest in Adnoc’s Ruwais LNG project

July 11, 2024 Mariel Alumit

BP, Mitsui & Co., Shell, and TotalEnergies each agreed to buy a 10 percent equity stake in Adnoc’s LNG export terminal in UAE’s Al Ruwais. Adnoc will retain a 60 percent majority stake. Adnoc revealed […]

Net zero
Energy Policy

Net zero, net confusion: Brits in the dark over net zero target

July 11, 2024 Mariel Alumit

Two out of three Britons are struggling with confusion over how to achieve net zero emissions by 2050. The study, commissioned by Cadent and encompassing over 3,000 participants across the UK, Germany and the Netherlands, […]

electricity demand
AI

US electricity demand to hit record highs by 2025

July 11, 2024 Andy Del Prado

The US Energy Information Administration (EIA) has released its latest forecast, predicting that electricity consumption in the US will surge to record highs in 2024 and 2025. This increase is attributed to growing demand across […]

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