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Home2024

Year: 2024

No Picture
AI

Week Recap: Tech Demand, Policy Changes and More!

March 30, 2024 Andy Del Prado

Daily Standup Top Stories Big Tech’s Latest Obsession Is Finding Enough Energy March 24, 2024 Stu Turley HOUSTON—Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle […]

Baltimore bridge
Exports

Tax expert warns over ‘ripple effects’ of Baltimore bridge collapse: Economic damage ‘hard to comprehend’

March 29, 2024 Stu Turley

Tax expert says economic damage from Baltimore bridge collapse is ‘hard to comprehend’ The impact of the Francis Scott Key Bridge disaster in Baltimore is “hard to comprehend” when it comes to the local economy […]

Wind Industry
Bankruptcy

Mounting Losses Mean Sweden’s Wind Industry Faces Total Financial Collapse

March 29, 2024 Stu Turley

Notwithstanding €billions in subsidies, Sweden’s embattled wind industry is on the brink of total financial collapse. The majority of Swedish wind power outfits are underwater, bleeding cash and have no hope of recovery. In the […]

PCE
Finance

Fed’s Wait-and-See about Rate Cuts Supported by Highest-since-July Six-Month Core PCE & Core Services PCE Inflation

March 29, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. The core PCE price index, the inflation index that the Fed is focused on and refers to all the time, was revised up today for January to an annualized month-to-month growth rate […]

ENB Podcast

ENB #202 Managing the Energy Frontiers: Gifford Briggs with American Petroleum Institute

March 29, 2024 Stu Turley

In our society today, energy is life, and knowledge is power. When trying to understand what is happening with the oil and gas markets, you must find trusted sources for information. The API is a […]

Mitsui
Finance

Japan’s Mitsui decides to develop Vietnam gas field for $740 million

March 29, 2024 Mariel Alumit

TOKYO: Japanese trading house Mitsui & Co said on Friday it has reached a final investment decision to develop Vietnam’s Block B gas field, with its share of development cost of about $740 million. The […]

SLB
Carbon Capture

SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture

March 29, 2024 Mariel Alumit

SLB (NYSE: SLB) today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Bringing together complementary technology portfolios, leading process design expertise and […]

U.S.
Crude Oil News

U.S. purchases 2.8 MMbbl to refill depleted Strategic Petroleum Reserve

March 29, 2024 Mariel Alumit

(Bloomberg) – The U.S. purchased 2.8 MMbbl of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies. The Energy Department has been slowly refilling the Strategic Petroleum Reserve after it […]

SilverBow Resources
Earnings

SilverBow Resources Highlights Successful Implementation of Strategy and Positive Business Momentum

March 29, 2024 Mariel Alumit

Proposes Significant Corporate Governance Enhancements Concludes Kimmeridge’s Proposal Substantially Undervalues SilverBow; Believes Shareholders Need Relevant Information About KTG Asset Value Launches www.FutureOfSilverBow.com, Providing Additional Information for Shareholders Files Preliminary Proxy Statement and Sends Letter to Shareholders […]

Gavin Newsom
Political

‘Hero’ Gavin Newsom Stands Up to Big Oil in New Ad Campaign

March 29, 2024 Mariel Alumit

California’s own “Hero,” Governor Gavin Newsom, has been recognized in a new series of ads attacking “Big Oil.” “Governor Gavin Newsom Joins ‘Team of Heroes’ Standing Up to Big Oil in New Ad to KEEP […]

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