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Home2024October

Month: October 2024

Big Oil Companies

BP Drops 2030 Oil Target

October 10, 2024 Andy Del Prado

Daily Standup Top Stories Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise October 9, 2024 Stu Turley British oil giant BP continued efforts to adjust its business plans to make itself more […]

CPI Inflation Data
Finance

Bond Market Smells a Rat: On Eve of CPI Inflation Data, 10-Year Treasury Yield Jumps to 4.08%, +43 bps since Monster Rate Cut

October 9, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. At the auction today, on the eve of the release of the CPI inflation data that may “surprise” markets with a further acceleration of inflation, the US Treasury Department sold $39 billion […]

Biden-Harris
Energy Policy

DAVID BLACKMON: Biden-Harris Admin’s Rationale Behind LNG Pause Gets Shakier By The Day

October 9, 2024 Mariel Alumit

It almost seems too predictable to even mention at this point, but it turns out the rationale used by the Biden-Harris White House and Energy Department to justify its year-long “pause” in liquefied natural gas […]

German LNG Terminal
LNG

FID taken on German onshore LNG terminal

October 9, 2024 Stu Turley

“The FID was taken within the last two weeks,” a spokesman for German LNG Terminal told LNG Prime on Tuesday. The JV recently received planning approval from the local government. One of the requirements for […]

BP
LNG

BP delivers first LNG cargo to Zhejiang Energy’s Wenzhou terminal

October 9, 2024 Stu Turley

According to a statement by BP China, the shipment arrived at the Wenzhou LNG terminal on October 7. BP China did not provide further details regarding the shipment. BP has created a fully integrated gas […]

largest bribe
International News

Police investigators jailed for ‘largest bribe in Russian history’

October 9, 2024 Stu Turley

Two former Moscow investigators have been found guilty of accepting a $75.4 million bribe from hackers they extorted A former senior police investigator and his subordinate have been jailed by a Moscow court in what is […]

Jiangnan
LNG

Jiangnan floats out Adnoc’s LNG carrier

October 9, 2024 Stu Turley

China’s Jiangnan Shipyard has launched the second 175,000-cbm LNG carrier it is building for a unit of UAE’s Abu Dhabi National Oil Co (Adnoc). According to CSSC’s Jiangnan, the launching ceremony for the LNG carrier […]

GTT
LNG

GTT clinches new LNG tank job

October 9, 2024 Stu Turley

GTT received the order during the third quarter of 2024. Under the order, Samsung Heavy contracted GTT to design tanks for two 174,000-cbm LNG carriers. These vessels will be fitted with GTT’s Mark III Flex […]

Chevron
Big Oil Companies

Chevron Sends Letter to CA Legislature Lambasting Newsom’s Oil/Gas Proposal

October 9, 2024 Mariel Alumit

Chevron President Andy Walz sent a letter Tuesday condemning Gov. Gavin Newsom’s proposal to decrease the state’s gas supply, which will clearly result in even higher gas prices at the pump, saying he seeks to […]

OPEC+
Crude Oil News

Top Kazakh oil field hits record output amid tensions with OPEC+, sources say

October 9, 2024 Mariel Alumit

MOSCOW, Oct 9 (Reuters) – Kazakhstan’s biggest oil field Tengiz, operated by U.S. major Chevron (CVX.N),, boosted output to a record high in October, sources told Reuters, potentially complicating the country’s future efforts to comply with […]

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