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Home2024

Year: 2024

Summit
Imports

Bangladesh approves long-term LNG supply deal with Summit

March 7, 2024 Mariel Alumit

Bangladesh has approved a long-term liquefied natural gas (LNG) supply deal with Summit Oil and Shipping, a part of Bangladesh’s conglomerate Summit Group. Summit Power International confirmed the approval by the cabinet committee on economic […]

Gasoline Demand
Energy Crisis

Gasoline Demand Has a Long-Term Structural Problem in the US: Plunging Per-Capita Consumption

March 7, 2024 Mariel Alumit

In 2023, gasoline consumption was where it had been 20 years ago, even as miles driven eked out a record, on more efficient ICE vehicles and the shift to EVs. By Wolf Richter for WOLF STREET. Gasoline consumption […]

UK
Crude Oil News

UK extends oil and gas windfall tax until 2029

March 7, 2024 Mariel Alumit

CNOOC The government of the UK has decided to extend the windfall tax on oil and gas firms by an additional year putting 42,000 jobs in jeopardy. The 35% surcharge on profits due to high […]

China
Imports

China boosts gas imports in January-February

March 7, 2024 Mariel Alumit

CNOOC’s Binhai LNG import terminal in Jiangsu (Image: CNOOC Gas & Power) China’s natural gas imports, including pipeline gas and LNG, rose in January-February compared to the same period last year, according to customs data. […]

Crude tanker
Crude Oil News

Crude tanker newbuild contracting jumps 490%

March 7, 2024 Mariel Alumit

ShipyardsTankers In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m dwt, a 490% leap year-on-year, due to a rise in orders for VLCCs, according to data from shipping organisation […]

Red Sea crisis
Geopolitical

Shipping mourns first deaths from Red Sea crisis

March 7, 2024 Mariel Alumit

Top officials from across the shipping industry have expressed their feelings about the first loss of lives from the five-month old Red Sea shipping crisis. The Houthis fired a missile yesterday at the True Confidence, […]

CCUS

Daily Energy Standup Episode #324 – Regulatory difficulties, investment dilemmas, and shifts in policies

March 7, 2024 Andy Del Prado

Daily Standup Top Stories Biden’s scaled-back power rule raises doubts over US climate target March 6, 2024 Stu Turley March 5 (Reuters) – The Biden administration’s decision to exclude the existing U.S. fleet of natural gas […]

First Phosphate
Rare Earth Minerals

First Phosphate gets mining research and innovation grant from Québec

March 6, 2024 Stu Turley

  First Phosphate (CSE: PHOS) announced this week it received a mining research and innovation grant from the Quebec Ministry of Natural Resources and Forestry. The grant provides financial support to the company in the […]

Rare Earth Minerals

Canada plans scrutiny of Chinese offtake deals, minister says at PDAC

March 6, 2024 Stu Turley

  ​[[{“value”:” The federal government says it’s considering how to handle offtake agreements that function as loans or investments by China in Canadian mining companies as it continues to clamp down on critical mineral transactions […]

O3 Mining
Rare Earth Minerals

O3 Mining wins 2024 PDAC Sustainable Development Award

March 6, 2024 Mariel Alumit

  Québec-focused gold junior O3 Mining (TSXV: OIII) has been named winner of the 2024 PDAC Award for Sustainable Development, considered one of the most prestigious recognitions in the Canadian exploration sector. This award is […]

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