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Home2024October

Month: October 2024

Energy Crisis

Germany Takes Protective Measures Against Chinese Wind Industry

October 17, 2024 Stu Turley

Economy ministry says the sector needs a level playing field Officials urge scrutiny of projects with Chinese producers Germany is taking measures to protect the domestic and wider European wind industry as fears of being […]

BP
Big Oil Companies

Exclusive: BP weighs sale of minority stake in offshore wind business, sources say

October 17, 2024 Mariel Alumit

LONDON, Oct 17 (Reuters) – BP (BP.L)  is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to […]

sanctions
Crude Oil News

UK imposes sanctions on Russian oil and LNG vessels

October 17, 2024 Mariel Alumit

LONDON, Oct 17 (Reuters) – Britain said on Thursday it had imposed sanctions on 18 more Russian oil tankers and four liquefied natural gas vessels, the largest batch of sanctions to date against Russia’s so-called […]

net zero grid
Press

The role of demand side response in the journey to a net zero grid

October 17, 2024 Stu Turley

It’s also a crucial element in enabling a net zero future. A new paper from Drax, UK demand side response: The importance of flexibility and what’s next on the journey to a net zero grid, […]

U.S. Shale Patch
Big Oil Companies

U.S. Shale Patch M&A Declines In Q3 To $12B

October 17, 2024 Mariel Alumit

The U.S. shale patch recorded $12 billion worth of mergers in the quarter ended  Sept. 30, the lowest total in six quarters, Enverus Intelligence Research has revealed. Andrew Dittmar, principal analyst at Enervus, has noted that […]

LNG imports
Imports

Japan’s LNG imports down in September

October 17, 2024 Mariel Alumit

The country’s LNG imports decreased 1.7 percent year-on-year to 5.43 million tonnes last month. LNG imports also dropped compared to 5.72 million tonnes in August, which marked a year-on-year increase for the fifth month in […]

GECF
Imports

GECF says global LNG imports rose sharply in September

October 17, 2024 Mariel Alumit

In September 2024, global LNG imports increased by 8.9 percent (2.77 Mt) y-o-y to reach 33.75 Mt, Doha-based GECF said in its monthly gas market report. GECF said the Asia Pacific region led the rise […]

CORE POWER
Energy Tech

Nuclear power for shipping pioneer CORE POWER swells funding to $500m

October 17, 2024 Mariel Alumit

Shipping nuclear propulsion start-up CORE POWER is set to reach a funding milestone of $500m, which will support the UK-based company in finishing the technology designs and building the program for the maritime industry. CORE […]

Greek owners
International News

Greek owners make $18bn gas gamble

October 17, 2024 Mariel Alumit

Greek shipowners have spent what analysts at VesselsValue describe as an “unprecedented” $18bn on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes. Data from […]

Houthi
Geopolitical

American stealth bombers pound Houthi weapons caches

October 17, 2024 Mariel Alumit

US Central Command (CENTCOM) forces conducted multiple airstrikes on numerous Houthi weapons storage facilities in Yemen early this morning in a bid to degrade the militant group’s capability to continue what was described as their […]

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