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Home2024

Year: 2024

nuclear energy
Energy Transition

Leaders commit to ‘unlock potential’ of nuclear energy at landmark summit

March 21, 2024 Mariel Alumit

Leaders and representatives from 32 countries at the Nuclear Energy Summit backed measures in areas such as financing, technological innovation, regulatory cooperation and workforce training to enable the expansion of nuclear capacity to tackle climate change and […]

Electrical Generation / Utilities

Britain to import energy from US under plan for transatlantic power cable

March 21, 2024 Stu Turley

ENB Pub Note: This article is excellent reporting from the Telegraph. That being said, the project is extremely silly and impractical. The first reason is why anyone would want to enter into a long-term contract […]

Turkey
Finance

Turkey hikes its interest rates to 50%

March 21, 2024 Mariel Alumit

Turkey’s central bank lifted its main rate to 50% as it continues its effort to bring runaway inflation back into line. The central bank increased its rate to 50% from 45%, a move that sent […]

China
Imports

China’s LNG Surge: Surpasses Japan as Top LNG Importer

March 21, 2024 Mariel Alumit

China’s lockdown finally eased at the end of 2022 enabling economic activity to return and become more frequent in 2023. China’s natural gas consumption grew by nearly 8% in 2023, close to the pre-pandemic level […]

Switzerland
Inflation

Switzerland becomes first major economy to cut interest rates in surprise move

March 21, 2024 Mariel Alumit

The Swiss National Bank on Thursday surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%, saying national inflation is likely to stay below 2% for the […]

Riposte Capital
Finance

Riposte Capital Issues Statement in Support of Kimmeridge’s Proposal to Combine Kimmeridge Texas Gas with SilverBow Resources

March 21, 2024 Mariel Alumit

NEW YORK, March 21, 2024 /PRNewswire/ — Riposte Capital LLC, one of the largest shareholders of SilverBow Resources, Inc. (NYSE: SBOW), owning approximately 9.9% of the Company’s outstanding common stock, today issued the following statement: Riposte Capital has […]

Investment fraud
Hydrogen

‘Investment fraud’ | Company raised millions for green hydrogen production, but conducted ‘no real active business’, court told

March 21, 2024 Mariel Alumit

A company that claimed to have technology to convert decommissioned nuclear power plant sites to green hydrogen production raised about €3m ($3.26m) from more than 100 investors, but had no plan to ever deliver on […]

offshore platform
Crude Oil News

Fire breaks out at offshore platform leaving five dead and one missing

March 21, 2024 Mariel Alumit

Perenco Oil and Gas Gabon, a subsidiary of the Anglo-French oil and gas player Perenco, has reported a fire incident, which took place at its offshore platform located off the coast of Gabon. Based on initial […]

Wind
Energy Transition

Europe’s Wind Industry Collapse Leaves Wind Power Cult Searching For New False Idols

March 21, 2024 Mariel Alumit

Wind power acolytes exhibit all the hallmarks of a cult. 20 years on, and anyone with critical faculties can explain in a sentence why wind power will never amount to meaningful power generation source. But […]

copper
Electric Vehicles

CERAWEEK: US needs more than ‘lip service’ on permitting to boost copper output: Freeport CEO

March 21, 2024 Mariel Alumit

The US must go beyond talking about changes to permitting if it wants to meet an expected shortage of copper needed for an energy transition, Richard Adkerson, chairman and CEO of US copper producer Freeport-McMoRan, […]

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