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Home2024

Year: 2024

Exxon Mobil
Exploration and Production

Exxon Mobil Ahead of Schedule in Doubling LNG Portfolio, Executive Says

March 25, 2024 Mariel Alumit

(Reuters) — Exxon Mobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own […]

PetroChina
International News

PetroChina Books Record Profit as Natural Gas and Fuel Demand Soar

March 25, 2024 Mariel Alumit

A rebound in Chinese natural gas demand and rising fuel sales pushed the earnings of state oil and gas giant PetroChina to a record high in 2023, despite the drop in international oil and gas […]

North Carolina
AI

The world’s semiconductor industry hinges on a single quartz factory in North Carolina

March 25, 2024 Mariel Alumit

A Wharton professor who studies AI, innovation, and start-ups dramatically claims that “the modern economy rests on a single road in Spruce Pine, North Carolina.” Ethan Mollick explains that this unremarkable road leads to a […]

Nigeria
Finance

Nigeria Expects FID on Gas Pipeline with Morocco by Year-End

March 25, 2024 Mariel Alumit

The final investment decision (FID) on the planned $25 billion Nigeria-Morocco pipeline linking North and West Africa could be reached by December, a senior Nigerian oil official said. Nigerian National Petroleum Co. Ltd. (NNPC) chief […]

California
Energy Policy

Don’t let California politicians gaslight you. Higher gas prices are driven by deliberate policy choices.

March 25, 2024 Mariel Alumit

Gas prices in California are the highest in the nation, and the state recently announced its policies are about to drive them even higher.  A recent Los Angeles Times editorial completely misrepresented the root causes and attempted […]

lithium
Critical Minerals

America’s lithium laws fail to keep pace with rapid development

March 25, 2024 Mariel Alumit

March 25 (Reuters) – Washington’s drive to make the United States a major global lithium producer is being held back by a confusing mix of state regulations that are deterring developers and hampering efforts to […]

Oil Demand
Climate Crisis

Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude

March 25, 2024 Mariel Alumit

The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed to an increasingly confident […]

Coal
Coal

Coal, the Dirtiest Fossil Fuel, Prepares for a Long Goodbye

March 25, 2024 Mariel Alumit

More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to […]

Shell
Finance

Shell sells interest in U.S. offshore wind joint venture as company refocuses on oil and gas

March 25, 2024 Mariel Alumit

(WO) – Shell New Energies US LLC has sold its 50% equity share in SouthCoast Wind Energy LLC to joint venture partner Ocean Winds North America LLC. SouthCoast Wind is a 50-50 joint venture between […]

Oil and Gas Lease Sales
Political

Biden’s First Public Land Oil and Gas Lease Sales Survive Suit

March 25, 2024 Mariel Alumit

Land bureau properly analyzed climate effects of leasing Sales were held in 2022 in seven Western states The Biden administration’s first oil and gas lease sales on federal lands were upheld Friday by a federal […]

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