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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

Hungary
Geopolitical

Hungary breaks the diplomatic isolation of Belarus by seeking help for nuclear plant

May 30, 2024 Mariel Alumit

  Hungary’s government signed an accord with Belarus to help build Hungary’s second nuclear plant, Hungarian Foreign Minister Péter Szijjártó said in a statement in Minsk on Wednesday (29 May). Hungary’s PAK 2 reactor has […]

Japan’s Jera
Finance

Japan’s Jera to sell part of its Freeport LNG stake to Japex

May 30, 2024 Mariel Alumit

Japan’s Jera has agreed to sell a part of its stake in US LNG terminal operator Freeport LNG to compatriot Japan Petroleum Exploration (Japex). Jera’s unit Jera Americas holds via Gulf Coast LNG a 25.7 […]

solar
Energy Policy

Massachusetts to recharge solar programs for low-income residents with $156M federal grant

May 30, 2024 Mariel Alumit

  A $156 million federal grant is expected to fund a transformative investment in residential solar for low-income households in Massachusetts, advocates and officials say. The U.S. Environmental Protection Agency’s Solar for All program awarded […]

Subsea 7
Exploration and Production

Subsea 7 scores Petrobras contract worth more than $1.25bn

May 30, 2024 Mariel Alumit

Subsea 7 has landed what it describes as a “super-major” contract worth over $1.25bn with Brazil’s Petrobras. The deal will see the Oslo-listed offshore services player work on the Búzios 9 field development, located some […]

Black Sea
Geopolitical

Chinese to develop Black Sea port in Georgia

May 30, 2024 Mariel Alumit

Two Chinese firms have won the rights to build and operate a deepsea port on the Black Sea. China Communications Construction Company and China Harbour Investment will develop the long-planned port at Anaklia in Georgia. […]

Oil
Crude Oil News

Oil Falls as Weak Treasury Auction Boosts Dollar

May 29, 2024 Mariel Alumit

Oil retreated as another weak sale of Treasuries raised concerns about rising yields, stoking a risk-off mood across financial markets. West Texas Intermediate settled below $80 as equities declined. The drop pared Tuesday’s 2.7% gains, […]

White House
Energy Policy

White House to support new nuclear power plants in the U.S.

May 29, 2024 Mariel Alumit

The White House on Wednesday plans to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate […]

Gold
Finance

The True Cost of Abandoning the Gold Standard

May 29, 2024 Mariel Alumit

Returning to the gold standard would limit the issuance of new currency. There are geopolitical reasons why the US abandoned the gold standard in 1971. Fiat currencies are backed by the interest payments made on […]

Germany
Energy Transition

Germany Repurposes Underground Gas Storage for Green Hydrogen

May 29, 2024 Mariel Alumit

Germany’s government approved on Wednesday a draft law to enable faster development of hydrogen projects and infrastructure by fast-tracking permitting and environmental checks for hydrogen production, storage, and transportation, government sources told Reuters. The so-called Hydrogen […]

America
AI

How Big Tech Helped Bring on America’s New Energy Crisis

May 29, 2024 Mariel Alumit

America produces more energy than any other country in the world, has more energy reserves than any other country, and pioneered clean, inexpensive, and virtually unlimited nuclear energy. So why does even the Washington Post […]

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