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Home2024August

Month: August 2024

Downstream

EPA Issues Emergency Fuel Waiver to Address Midwest Shortages

August 1, 2024 Stu Turley

The EPA issued an emergency waiver of fuel rules in four Midwest states to address shortages tied to a power outage at an Exxon Mobil Corp. refinery in Joliet, Illinois. The order waives Reid vapor pressure and […]

Kamala
Electric Vehicles

DAVID BLACKMON: Continuing EV Bloodbath Leaves Harris With A Lot To Answer For

August 1, 2024 Mariel Alumit

Once the ongoing effort by the legacy media to reinvent presumptive Democratic nominee Kamala Harris as a dynamic leader and competent campaigner passes, we will presumably enter the part of the presidential race in which […]

Saudi Economy
Crude Oil News

Saudi Economy Contracts Again as OPEC+ Cuts Weigh on GDP

August 1, 2024 Mariel Alumit

Saudi Arabia’s gross domestic product contracted again in the second quarter compared to year-ago levels, pushed down by an 8.5% dip in oil activities as the Kingdom is cutting oil production as part of the […]

Natural hydrogen
Hydrogen

Natural hydrogen: European interest heats up, France leading the way

August 1, 2024 Mariel Alumit

  Potentially massive quantities of naturally produced hydrogen were discovered in France last year. Since then, prospectors across Europe have been on the lookout for more deposits and are calling for greater public support for […]

BP
Big Oil Companies

BP expects first Tortue gas over next three or four months, CEO says

August 1, 2024 Stu Turley

Asked about the timing of first gas and LNG cargoes from Tortue during BP’s second quarter results call on Wednesday, Auchincloss said that BP continues to make “good progress” on the project. He noted that […]

India’s Hindustan Petroleum
International News

India’s Hindustan Petroleum working to secure LNG supplies for Chhara terminal

August 1, 2024 Stu Turley

India’s Hindustan Petroleum, a unit of state-owned ONGC, is working to secure long-term liquefied natural gas supplies for its delayed 5 mtpa Chhara LNG import terminal in Gujarat, according to its management. Asked about the […]

Crowley
Big Oil Companies

Crowley takes delivery of LNG bunkering barge chartered by Shell

August 1, 2024 Mariel Alumit

US shipping and logistics company Crowley has taken delivery of a 12,000-cbm LNG bunkering barge which will serve a unit of LNG giant Shell. Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin, built the LNG bunkering […]

UBS
Finance

Values of Old Office Towers Go to Near-Zero, but the Land Has Value: UBS Gets Off with Black Eye

August 1, 2024 Stu Turley

By Wolf Richter for WOLF STREET. It goes something like this: In 2006, an investment fund managed by a division of UBS bought a 925,000-square-foot office tower, dating from the 1960s, at 135 West 50th Street in Manhattan […]

Hamas
Geopolitical

Hamas chief assassinated – what happens next?

August 1, 2024 Mariel Alumit

The death of Ismail Haniyeh is a challenge to Iran and other members of the anti-Israeli ‘Axis of Resistance’ The last few days of July were exceptionally hot in the Middle East, and not because […]

Shell
LNG

Shell’s Q2 profit reaches $6.3 billion, LNG sales climb

August 1, 2024 Mariel Alumit

The UK-based firm said its adjusted earnings reached $6.29 billion in the second quarter, compared to $5.07 billion in the comparable quarter last year. Adjusted earnings dropped 19 percent compared to $7.73 billion in the prior quarter. […]

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