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Home2024

Year: 2024

US electricity
Electrical Generation / Utilities

US electricity prices outpace annual inflation

March 15, 2024 Mariel Alumit

The U.S. Energy Information Administration published the March edition of its Short Term Energy Outlook on Tuesday, forecasting average residential electricity prices next year to reach their highest level in almost three decades. Residential customers will pay […]

Oil
Big Oil Companies

Oil Could Rise More than Anyone Expects This Year

March 15, 2024 Mariel Alumit

Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate hovering around $80 per barrel. […]

Oil Demand
Crude Oil News

IEA, OPEC Divergence on Oil Demand Becomes Too Big To Ignore

March 15, 2024 Mariel Alumit

Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have shifted to increasingly reflect this advocacy. This has led to […]

Romania
Climate Crisis

Romania delays adoption of energy and climate plan, casts doubt on renewable targets

March 15, 2024 Mariel Alumit

The Romanian government will neither adopt its National Integrated Energy and Climate Change Plan before the expected 30 June deadline nor will the country meet the EU’s renewable energy targets, an energy ministry official said […]

Texas LNG
LNG

Texas LNG advances to execution phase of project financing

March 15, 2024 Mariel Alumit

Texas LNG, a four million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville and a subsidiary of Glenfarne Energy Transition, has received sufficient expressions of […]

EIA
Finance

EIA Drops 2024 Henry Hub Gas Price Forecast

March 15, 2024 Mariel Alumit

The U.S. Energy Information Administration (EIA) cut its Henry Hub spot price forecast in its latest short term energy outlook (STEO), which was released this week. In its latest March STEO, the EIA projects that […]

Offshore Wind
Energy Policy

New York Trying to Save Offshore Wind by Doubling Costs to Its Consumers!

March 15, 2024 Mariel Alumit

The cost to consumers of two offshore wind projects expected to support New York’s self-imposed climate goals has more than doubled from their original estimates, which were high to begin with. Developers had threatened to cancel […]

EPA
Crypto

EPA Requires all Oil and Gas Operators to Consider Bitcoin Mining

March 15, 2024 Mariel Alumit

In the final publication of EPA’s Standards of Performance for New, Reconstructed, and Modified Sources and Emissions Guidelines for Existing Sources: Oil and Natural Gas Sector Climate Review (Referred to as “NSPS OOOOb”) published in […]

Chevron
Big Oil Companies

Chevron Oil Project in Kazakhstan to Cost $48.5B

March 15, 2024 Mariel Alumit

A major development led by Chevron Corp. to boost oil output at Kazakhstan’s Tengiz field will cost about $48.5 billion, according to people familiar with the matter. The US oil giant said at its third-quarter […]

Glenfarne’s Texas LNG
Finance

Glenfarne’s Texas LNG says moves to execution phase of project financing

March 15, 2024 Mariel Alumit

Glenfarne Group’s Texas LNG, the developer of the planned 4 mtpa LNG export terminal in the port of Brownsville, has received sufficient expressions of interest from project finance banks to move to the execution phase […]

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