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Home2024

Year: 2024

Houthi
Geopolitical

Houthis vow to escalate attacks – is the world imune to Terrorists?

February 23, 2024 Mariel Alumit

 Despite multiple strikes against Houthi positions in Yemen this week there has been no let-up in ship attacks. A Palau-flagged general cargo ship called Islander was targeted with two missiles yesterday morning off Aden with […]

Atlantic LNG
Exports

Atlantic LNG freight rates drop below $50,000 per day, European prices down – Is this due to the intentional de-industrialization?

February 23, 2024 Mariel Alumit

Atlantic spot LNG freight rates dropped below $50,000 per day this week, while European and Asian prices also decreased compared to the week before. Last week, charter rates were almost flat after they rose in the […]

Cheniere
Energy Regulations

CEO: DOE’s permit pause will not slow down Cheniere’s LNG expansion plans

February 23, 2024 Mariel Alumit

US LNG exporting giant Cheniere is going “full steam ahead” with plans to expand its Sabine Pass and Corpus Christi LNG terminals despite a recent move by the Biden administration to pause pending decisions for LNG […]

China
Critical Minerals

Zijin to expand Tibet copper mine expected to be world’s largest

February 23, 2024 Mariel Alumit

China’s Zijin Mining Group announced on Friday that is going ahead with the second phase of a major expansion at its Julong copper project in Tibet, as it has received government approval. The permit will allow […]

Stonepeak
Investments

Stonepeak splashes $3bn for half of largest US offshore wind project

February 23, 2024 Mariel Alumit

Investment firm Stonepeak has bought a 50% interest in Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind (CVOW) project for $3bn. The deal for the project stake was made with a subsidiary of Stonepeak Partners, […]

Crude Oil News

JERA buys 15.1% stake in Scarborough gas field for $1.4bn

February 23, 2024 Mariel Alumit

Woodside Japan’s largest utility JERA has entered into an agreement with Australia’s Woodside to acquire a participation interest in the Scarborough gas field. JERA bought a 15.1% participating interest in the Scarborough gas field development […]

Flex LNG
Exports

Flex LNG secures two-year charter extension with BP

February 23, 2024 Mariel Alumit

EuropeGas Flex LNG The New York and Olso-listed Flex LNG has won an extension for its 2019-built 173,400 cu m LNG carrier Flex Courageous. This is the first extension option for the vessel which, the […]

Ohio county
Electrical Generation / Utilities

Ohio county sees dueling studies on solar project payments, but only one disclosed its data 

February 23, 2024 Mariel Alumit

A property-tax alternative chosen by an Ohio county will likely give it more total financial benefits from a proposed solar project than the property tax option would, according to an independent academic analysis. The Ohio […]

Housing
Finance

This Housing Market is Still Frozen

February 23, 2024 Mariel Alumit

The median price of existing homes dropped further, high was June 2022, demand remains collapsed, active listings highest in 4 years, days on the market rise. By Wolf Richter for WOLF STREET. The national median price of existing homes […]

Iron ore
Critical Minerals

Iron ore boom of the 2000s repeating – this time with critical metals

February 23, 2024 Mariel Alumit

  A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.” That company was called Allied Mining and Processing and you’ve probably never heard of it. But […]

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