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Home2024August

Month: August 2024

Ford
Earnings

Ford Scraps Electric SUV in $1.9 Billion Hit to EV Ambitions

August 21, 2024 Stu Turley

Carmaker cancels fully electric three-row utility vehicle Spending on EVs will drop to about 30% of capex, from 40% Ford Motor Co. is recalibrating its electrification strategy yet again, canceling plans for a fully electric sport […]

Nonfarm
Finance

Nonfarm Job Creation for 12 Months through March Revised Down by 818,000, to 2.08 Million Jobs Created, from 2.90 Million

August 21, 2024 Stu Turley

173,500 payroll jobs added on average per month in 12 months, instead of 242,000, but above 2018-2019 average of 171,900: preliminary annual benchmark revisions. By Wolf Richter for WOLF STREET. The Bureau of Labor Statistics today released its […]

CIMC SOE
LNG

CIMC SOE hands over Seaspan’s first LNG bunkering ship

August 21, 2024 Stu Turley

China’s Nantong CIMC Sinopacific Offshore & Engineering has delivered the first 7,600-cbm LNG bunkering vessel to Canada’s Seaspan Energy. CIMC SOE announced on Tuesday the delivery of the LNG bunkering vessel, Seaspan Garibaldi. The vessel […]

Gas Entec
LNG

AG&P, Gas Entec score Jordan LNG terminal gig

August 21, 2024 Stu Turley

The consortium was selected by ADC from a competitive pool of companies following the completion of a tender. The project’s scope encompasses full engineering, procurement, construction, installation, and commissioning (EPCIC) of a 720 mmscfd onshore […]

Elengy
LNG

Elengy says to resume Montoir LNG ops on Wednesday

August 21, 2024 Stu Turley

A spokeswoman for Elengy told LNG Prime late on Monday that the LNG terminal in Montoir “underwent an important technical shutdown, scheduled from June 14th to July 8th.” “Technical difficulties encountered during one of the […]

Cheniere’s Corpus Christi
Exports

Cheniere’s Corpus Christi LNG expansion project 64 percent complete

August 21, 2024 Mariel Alumit

Cheniere’s Corpus Christi liquefaction plant now has three operational trains with each having a capacity of about 5 mtpa. In June 2022, Cheniere took a final investment decision on the Corpus Christi Stage 3 expansion project worth about $8 billion […]

Ukrainian
Geopolitical

Ukrainian incursion: Important Russian gas hub exposed to fighting

August 21, 2024 Mariel Alumit

  After two weeks of fighting, Ukraine claims to have taken control of 1,250 square kilometres of Kursk Oblast in Russia, but also of a gas terminal that supplies Europe. The town of Sudzha, just […]

Clean Fuel
Biofuel

Clean Fuel Projects Were The Next Big Thing. Now They’re Collapsing

August 21, 2024 Mariel Alumit

Start-ups promising to power planes, ships, and trucks with ‘clean fuel’ are sputtering before they get off the ground thanks to high costs. Startups promising to power planes, ships, and trucks with clean fuel are […]

Japan
Imports

Japan boosts LNG imports in July

August 21, 2024 Mariel Alumit

The country’s LNG imports rose 10.4 percent year-on-year to 5.62 million tonnes last month, the data shows. LNG imports rose compared to 4.57 million tonnes in June, which marked a slight rise year-on-year. Also, Japan imported 4.87 […]

Harris
Climate Crisis

Down Payment: Anti-Fossil-Fuel Crusaders Gave $55M To Support Harris Campaign

August 21, 2024 Mariel Alumit

Climate activist groups are putting up $55 million in support of Democratic VP Harris’ presidential campaign. Climate activist groups are putting up $55 million in support of Democratic Vice President Kamala Harris’ presidential campaign. [emphasis, […]

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