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Home2024

Year: 2024

hydrogen fuel cell
Energy Tech

Containerized hydrogen fuel cell and battery solution gives shipping new options

March 19, 2024 Mariel Alumit

Hitachi Energy Project partners Port of Gothenburg, Skanska, PowerCell Group, Hitachi Energy, Linde Gas, Volvo Group and Skagerak Energy have conducted a joint field test to demonstrate the latest innovation in hydrogen-electric power infrastructure: the […]

wind propulsion
International News

New British wind propulsion tech readies for market

March 19, 2024 Mariel Alumit

The UK is leading many of the world’s wind propulsion efforts in shipping with new tech coming to market. Bristol-based maritime engineering start-up WingTek, in collaboration with the National Composites Centre and the University of […]

drone
Crude Oil News

Ukrainian drone campaign takes out up to 900,000 barrels a day of Russian oil refining capacity

March 19, 2024 Mariel Alumit

Ukraine’s drone campaign to knock out Russian refining capacity is scoring some big hits, with as much as 12% of the world’s largest country’s refineries forced to suspend operations. The knock-on effect for tanker shipping […]

House Prices
Finance

The Most Splendid Housing Bubbles in Canada: National House Prices Flat in Feb., -16% from Peak, Condos Drop Further, on Bank of Canada’s 5% and Massive QT

March 19, 2024 Mariel Alumit

Toronto condos drop to 28-month low, Vancouver house prices -4% from peak in 2022 but condos near high. Calgary houses set new highs. By Wolf Richter for WOLF STREET. House prices in Canada were unchanged in February compared […]

Climate Crisis

Geopolical Energy Heaven!

March 19, 2024 Andy Del Prado

Daily Standup Top Stories Climate bureaucrats giving China a free pass on its massive pollution March 18, 2024 Mariel Alumit China’s annual greenhouse gas emissions have soared over the past 20 years, dwarfing those of the […]

Oil prices
Crude Oil News

Oil prices inch higher amid attacks on Russian energy facilities

March 18, 2024 Mariel Alumit

NEW YORK, March 18 (Reuters) – Oil prices climbed about 2% to a four-month high on Monday on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in […]

China
Energy Transition

China’s Solar Power Dominance Threatens Western Clean Energy Dreams

March 18, 2024 Mariel Alumit

China is doubling down on solar power production, making the West’s chances of catching up even slimmer. China has been outspending the rest of the world in clean energy deployment for years now, out-investing other […]

Germany
Exports

Germany Signs LNG Supply Deal With ADNOC

March 18, 2024 Mariel Alumit

Germany’s state-controlled firm Securing Energy for Europe (Sefe) has signed a deal with ADNOC, under which Abu Dhabi’s national oil company will supply LNG to Germany for 15 years beginning in 2028. ADNOC signed the […]

Shale
Crude Oil News

Specialist Buyout Firms Cash In on Shale Consolidation

March 18, 2024 Mariel Alumit

Some private-equity firms backing oil-and-gas producers cashed in on rising consolidation in the U.S. shale industry last year, selling assets for an expected $30.55 billion and fueling distributions to investors—a contrast with the dearth of exit […]

Saudi Aramco CEO
Crude Oil News

Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil

March 18, 2024 Mariel Alumit

HOUSTON — Saudi Aramco CEO Amin Nasser said Monday that the energy transition is failing and policymakers should abandon the “fantasy” of phasing out oil and gas, as demand for fossil fuels is expected to […]

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