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Home2024August

Month: August 2024

ENB Podcast

ENB #215 Fossil Fuels vs. Renewables: Navigating the Future of Energy

August 23, 2024 Stu Turley

In the Energy News Beat – Conversation in Energy with Stuart Turley interviews Dan Romito, Managing Director at Pickering Energy Partners, discussing the current state of energy, including the role of fossil fuels, the inefficiencies […]

Climate Policies
Climate Crisis

Most Climate Policies Don’t Work. Here’s What Science Says Does Reduce Emissions

August 23, 2024 Mariel Alumit

An evaluation of more than 1,500 climate policies in 41 countries found that only 63 actually worked to reduce greenhouse gas emissions. Subsidies and regulations—policy types often favored by governments—rarely worked to reduce emissions, the […]

US LNG Exports
Exports

US weekly LNG exports climb to 26 shipments

August 23, 2024 Mariel Alumit

The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, the total capacity of these 26 LNG vessels is 99 Bcf. This compares to 20 shipments and 74 Bcf in the week ending […]

Crude Oil News

Why OPEC Can’t Afford To Reverse Oil Output Cuts

August 23, 2024 Mariel Alumit

Rising oil production in the US, Guyana, and Brazil is challenging OPEC’s ability to reverse its output cuts. The EIA forecasts that global oil supply will fall short of demand in the second half of […]

Tellurian
LNG

Tellurian moving forward with Driftwood LNG work

August 23, 2024 Mariel Alumit

Tellurian issued a limited notice to proceed (LNTP) to compatriot engineering and construction giant Bechtel in March 2022. Under the first phase, Tellurian plans to build two LNG plants near Lake Charles with an export capacity of […]

Spot LNG
Finance

Spot LNG shipping rates, European prices continue to drop

August 23, 2024 Mariel Alumit

Last week, both Atlantic and Pacific rates experienced a decline. “Spark30s Atlantic rates experienced a second week-on-week decrease, falling by $8,250 to $61,500 per day,” Qasim Afghan, Spark’s commercial analyst told LNG Prime on Friday. He said this […]

Putin
Geopolitical

Putin has chosen response to Ukraine’s incursion – envoy

August 23, 2024 Mariel Alumit

Those responsible for the attack on Kursk Region will be “severely punished,” Russia’s ambassador in US Anatoly Antonov also said President Vladimir Putin has decided on how to respond to Kiev’s incursion into Russia’s Kursk […]

oil and gas
Crude Oil News

UK oil and gas firms warn of investment risks from windfall tax

August 23, 2024 Mariel Alumit

Firms across the UK’s oil and gas supply chain have raised concerns about the government’s plans to increase windfall taxes and remove investment incentives. In an open letter to HM Treasury, 42 companies warned that […]

connections
Electrical Generation / Utilities

New rules set to streamline UK grid connections

August 23, 2024 Mariel Alumit

The energy regulator has announced its decision to support the implementation of transitional arrangements in the electricity connections process, following requests from the National Grid Electricity System Operator (NGESO) and the three Great Britain Transmission […]

refinery outages
Diesel

Midwest refinery outages increase regional gasoline prices

August 23, 2024 Mariel Alumit

A series of refinery outages in Chicago and Ohio have generally increased Midwest prices for petroleum products relative to the U.S. average, particularly gasoline. The outages reflect an unusual decline in refining activity near the […]

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