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Home2024September

Month: September 2024

Energy from waste facility
Electrical Generation / Utilities

Energy from waste facility powers nearly 40k homes

September 27, 2024 Mariel Alumit

The EnviRecover Energy from Waste facility in Worcestershire has generated one million megawatts of energy from waste that would have otherwise gone to landfill. This amount of energy is enough to power nearly 40,000 homes […]

Hurricane Helene
EIA News

Category 3 Hurricane Helene nears landfall, disrupts energy infrastructure

September 27, 2024 Mariel Alumit

As of 8:00 a.m. eastern time on September 26, Hurricane Helene was expected to make landfall as a Category 3 hurricane on the eastern part of the Florida Panhandle late Thursday with sustained winds of 115 […]

VLCC
Crude Oil News

VLCCs change hands at a rapid clip

September 27, 2024 Mariel Alumit

With VLCC earnings in solid territory, it’s no surprise that fresh sales emerge weekly in broking reports across the globe. The latest deals involve two rusty vessels. First, a 2005-built 300,000 dwt VLCC named Sake, […]

UK
Geopolitical

UK sanctions five Russia-linked gas carriers

September 27, 2024 Mariel Alumit

The UK has followed the lead of the US in sanctioning five LNG carriers linked to Russian gas exports. Earlier this year, the UK alongside the US and the European Union, imposed sanctions on Russia’s […]

Corporate
Finance

Corporate Pricing Power and Therefore Inflation Not Vanquished, Says Renewed Spike in Corporate Profits in Most Industries

September 26, 2024 Stu Turley

By Wolf Richter for WOLF STREET. How corporate profits spiked during the inflation-shock of 2021 and 2022 was amazing to watch: The pricing power companies suddenly had to hike prices and pump up profits because their customers were […]

PGE
Coal

PGE to shut coal units at Rybnik power plant by end of 2025

September 26, 2024 Mariel Alumit

WARSAW, Sept 26 (Reuters) – Poland’s biggest power utility PGE (PGE.WA), opens new tab plans to shut the four remaining coal-fired units at its Rybnik power plant by the end of 2025, Polish Press Agency reported on […]

Germany
Energy Storage

Germany, EU must match green power roll-out with more batteries, says Ember

September 26, 2024 Mariel Alumit

FRANKFURT, Sept 26 (Reuters) – Rapidly growing solar and wind power across Germany and the European Union must be matched by more battery storage to capture weather-induced generation peaks and avoid more fossil fuel burning, […]

Putin
BRICS

Putin lauds cooperation with OPEC+, BRICS

September 26, 2024 Mariel Alumit

MOSCOW, Sept 26 (Reuters) – Russian President Vladimir Putin said on Thursday that the vast domestic energy sector will be able to achieve its goals and overcome “illegal” western sanctions, while also praising ties with […]

LNG

Hapag-Lloyd to order LNG-powered containerships in China

September 26, 2024 Stu Turley

Sources said on Wednesday that the LoI between Hapag-Lloyd and Yangzijiang Shipbuilding includes 20 LNG dual-fuel containerships. Under the deal, Yangzijiang will build 8 vessels with a capacity of 9,000 teu and 12 vessels with […]

nuclear doctrine
Geopolitical

Kremlin reveals who nuclear doctrine change is aimed at

September 26, 2024 Mariel Alumit

  Putin’s proposal to update Russia’s nuclear doctrine should discourage the West from supporting aggression against Moscow, the Kremlin says A proposal by Russian President Vladimir Putin to update the national nuclear doctrine should serve […]

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