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Home2024August

Month: August 2024

Kursk
Geopolitical

What Does Zelensky Want in Kursk?

August 17, 2024 Stu Turley

Ukraine’s strategic objectives remain murky—and the operation creates many risks—but it could alter the course of the war. Ukraine’s incursion into Russia’s Kursk region has raised many questions. Why send thousands of forces north when […]

Economic Policy
Finance

How Trump and Harris Differ on Economic Policy

August 17, 2024 Stu Turley

Economist Adam Posen says the two campaigns diverge sharply on migration and the dollar, but have both proposed industrial policies that are “not fit for purpose.” Ever since Kamala Harris became the Democratic Party’s presumptive […]

Coal

Week Recap: Net Zero, Oil Efficiency, and Global Trade Tensions

August 17, 2024 Clark Savage

Weekly Daily Standup Top Stories Politicians Backing Net Zero Working Hard To Make Gas Prices Much Higher August 10, 2024 Stu Turley The only way for ‘net zero’ politicians like Kamala Harris to eliminate gasoline is […]

Nvidia
Finance

A Big Week for Stocks, a Huge 7 Days for Nvidia (+26%), after the Battering They’d Taken

August 16, 2024 Stu Turley

By Wolf Richter for WOLF STREET. It was a big week for stocks, a huge week for Nvidia (+18.9%) and for Tesla (+8.1%), an even huger seven days for Nvidia (+25.9%), after the battering that they and markets […]

Crude Oil News

Chinese oil company reveals loss of Utah drilling rights years afterward

August 16, 2024 Clark Savage

HONG KONG — A Hong Kong-listed Chinese oil company has disclosed that it lost the bulk of its oil and gas rights in the U.S., with the announcement coming years after the contracts were terminated. […]

Crude Oil News

Top US oil group expands in Russia as rivals pull out

August 16, 2024 Clark Savage

The world’s biggest oilfield services company is expanding in Russia following the exit of its main western rivals since Moscow’s full-scale invasion of Ukraine. SLB, the Houston-based company formerly known as Schlumberger, has signed new […]

Crude Oil News

Chevron to pay $550 million settlement to Richmond, California

August 16, 2024 Clark Savage

(Reuters) Chevron Corp is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on […]

Political

DOI to Provide $775MM to 21 States to Plug Orphan Wells

August 16, 2024 Clark Savage

The U.S. Department of the Interior (DOI) is providing $775 million for 21 states to clean up orphaned oil and gas wells and well sites. The resources allocated to clean up legacy pollution sites, of […]

International News

Chevron Completes Output Upgrade at Aussie Gas Facility amid Strike Threat

August 16, 2024 Clark Savage

The Wheatstone project’s nameplate capacity to produce natural gas for the Western Australian market has increased by about seven percent to 230 terajoules per day (Tjpd). Chevron Australia Pty. Ltd. announced the completion of the […]

Oil
Crude Oil News

DAVID BLACKMON: Energy Companies May Be On Cusp Of Uncorking Next Massive Oil, Gas Boon

August 16, 2024 Clark Savage

Constantly advancing technology has always been the driver behind the advance of the oil-and-gas industry since the first successful U.S. well was drilled by Edwin Drake near Titusville, Pennsylvania, in 1859. The Drake well was […]

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