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HomeEnergyNews

EnergyNews

oil
EnergyNews

Lost Russian oil revenue is bonanza for shippers, refiners

February 9, 2023 Mariel Alumit

​ Russian state oil revenues fall 40% on sanctions Tanker owners post record profits, traders and bankers say India, China get cheaper oil LONDON, Feb 8 (Reuters) – Western sanctions on Russia have significantly reduced […]

LNG
EnergyNews

With years of high prices ahead, LNG buyers covet long-term deals

February 9, 2023 Mariel Alumit

​ Summary Term contracts sought to avoid spot market volatility -buyers Supply relief not seen until 2026 with new U.S., Qatar volumes India, Bangladesh buyers eye more from Qatar, Australia, Brunei BENGALURU, Feb 8 (Reuters) […]

House
EnergyNews

House GOP Is About to Beat the ESG Drum Even Harder

February 9, 2023 Mariel Alumit

​In the US, the political onslaught by the right on sustainable investing has begun in earnest at the federal level. Over the past week, House Republicans have said they plan to vote on a suite […]

Biden
EnergyNews

Biden’s State of the Union Speech Has Mixed Message on Oil

February 9, 2023 Mariel Alumit

​US President Joe Biden delivered his second State of the Union address to a divided Congress on Tuesday night, a speech widely seen as a test run for his reelection pitch next year. Over 73 minutes punctuated by heckles and […]

Wind
EnergyNews

Wind Turbine Giant Says It Has a Solution That Will Keep Blades Out of Landfills

February 9, 2023 Mariel Alumit

​Wind turbines face an unsustainable dilemma: after decades of producing renewable energy, their seemingly indestructible blades often end up in garbage dumps, left to remain for years.Now, Denmark’s Vestas Wind Systems A/S, the world’s largest […]

Vermont
Electrical Generation / Utilities

Vermont gas utility sees geothermal as a part of its carbon-cutting portfolio

February 8, 2023 Mariel Alumit

​Vermont’s only natural gas company is exploring possible sites for its first fossil-fuel-free, networked geothermal project, a heating and cooling technology that could be a natural fit for a company already skilled at designing and […]

Minnesota
Electrical Generation / Utilities

Minnesota power co-op wants to invest in flexibility for fossil fuel peaker plant

February 8, 2023 Mariel Alumit

​Minnesota’s largest electricity cooperative wants the option to burn diesel fuel oil at a central Minnesota peaker plant as a hedge against volatile natural gas prices. Great River Energy is seeking approval from Minnesota regulators […]

U.S
EnergyNews

U.S. natgas output to hit record high in 2023, demand to fall

February 7, 2023 Mariel Alumit

U.S. natural gas production will rise to a record high in 2023, while demand will fall, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry […]

California
EnergyNews

EV batteries getting second life on California power grid

February 7, 2023 Mariel Alumit

A view of the SEPV Sierra solar and storage facility owned by startup, B2U Storage Solutions, in Lancaster, California, U.S. in this handout photo taken in 2022. B2U Storage Solutions/Handout via REUTERS Feb 7 (Reuters) […]

BP
Big Oil Companies

BP Slows Retreat From Oil as Russia War Drives Record Profit

February 7, 2023 Mariel Alumit

BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine boosted prices and delivered record profits. While the British company said […]

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