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Home2024

Year: 2024

energy
Coal

German energy supply secure, coal plants not needed, says minister

April 2, 2024 Mariel Alumit

German Economy Minister Robert Habeck says the nation’s power supply is more independent than before the energy crisis and is secure even after several coal-fired power plants have been shut down. “That means several coal-fired […]

SLB
Finance

SLB to buy ChampionX for $8 billion in growing deal-making in US energy sector

April 2, 2024 Mariel Alumit

April 2 (Reuters) – Top oilfield services company SLB (SLB.N), said on Tuesday it will buy smaller rival ChampionX (CHX.O), in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield […]

Oil Suppliers
Crude Oil News

USA Oil Suppliers Muscling Into OPEC+ Markets All Over the World

April 2, 2024 Mariel Alumit

One major beneficiary of sanctions on Russian and Venezuelan oil? US suppliers who’ve muscled their way into markets once dominated by OPEC and its allies. US oil exports have set five new monthly records since […]

North Dakota
Midstream

North Dakota Approaches Total Oil Output of 5 Billion Barrels

April 2, 2024 Mariel Alumit

North Dakota is close to hitting total oil production of 5 billion barrels, local media has reported, citing the director of the state’s Department of Mineral Resources. According to Lyn Helms, the biggest challenge for […]

oil & gas
Crude Oil News

New merger in the offing giving birth to one of Latin America’s ‘largest and most diversified’ oil & gas players

April 2, 2024 Mariel Alumit

Brazilian oil and gas company Enauta has set the wheels into motion to bring into being a larger and more diversified independent oil and gas company in Latin America by proposing a business combination with […]

hydrogen
Energy Policy

Treasury gets an earful on hydrogen

April 2, 2024 Mariel Alumit

The Biden administration’s effort to jump-start the hydrogen power industry has sparked a heated debate over what constitutes “clean” hydrogen — a question that has generated as many as 30,000 answers. That’s how many comments […]

Wolseong nuclear power plant
International News

Exclusive: South Korea to extend lifespan of Wolseong nuclear power plant units 2, 3 and 4

April 2, 2024 Mariel Alumit

South Korea will begin the process of extending the operating lifespan of Wolseong Nuclear Power Plant Units 2, 3 and 4, which previously had been on track for closure within the next two to five […]

Commercial Truck
Electric Vehicles

Cost of Electrifying Commercial Truck Fleet is $1 Trillion

April 2, 2024 Mariel Alumit

In infrastructure alone, full electrification of the U.S. commercial truck fleet would require nearly $1 trillion according to a new report from Roland Berger released on March 19 by the Clean Freight Coalition. The study forecasts an infrastructure […]

Berkeley
Natural Gas

Berkeley to Junk Ban on Natural Gas Piping after Losing Suit

April 2, 2024 Mariel Alumit

The California Restaurant Association (CRA) said the Berkeley city government has agreed to repeal its ban on natural gas infrastructure in new buildings to settle a lawsuit filed by the group. The CRA had in […]

nuclear reactors
Exploration and Production

U.S. shale drillers to reduce Permian drilling emissions, increase reliability with nuclear reactors

April 2, 2024 Mariel Alumit

(Bloomberg) – U.S. oil and gas companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian basin, a move aimed at cutting carbon emissions and ensuring reliable access […]

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