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  • [ September 28, 2023 ] Saudi Arabia and Russia Win Big in Gamble on Oil Cuts Big Oil Companies
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  • [ September 28, 2023 ] The AI Revolution is Bad News for Net Zero AI
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Big Oil Companies

QatarEnergy, BP, others snap up Egyptian oil and gas concessions

September 27, 2023 Mariel Alumit

Egypt immediately awarded four blocks of an oil and gas exploration bid round in the Mediterranean and Nile Delta to Italy’s Eni, the UK’s BP, QatarEnergy and Russia’s Zarubezhneft, the Egyptian Petroleum Ministry announced on Tuesday. Eni […]

BP
Big Oil Companies

How BP’s Strategy Stacks Up Against the Supermajors

September 20, 2023 Mariel Alumit

BP’s strategy is under the microscope following the departure of CEO Bernard Looney, who resigned after failing to disclose the extent of personal relationships with company staff. Wholesale changes — whether embracing the renewables-free approach of its US competitors […]

Climate Crisis

States Beg Biden to Bolster Offshore Wind While Projects Flounder

September 16, 2023 Mariel Alumit

Six US governors have implored President Joe Biden to boost support for the fledgling offshore wind industry amid growing concerns that surging costs imperil multi-billion dollar projects planned for coastal Atlantic waters — and the nation’s climate […]

bp
Crude Oil News

bp board faces urgent search for new CEO after Bernard Looney’s surprise resignation

September 14, 2023 Mariel Alumit

(Bloomberg) – bp Plc’s board woke up on Wednesday facing an urgent search for a new boss, its fifth in 16 years. Outgoing Chief Executive Officer Bernard Looney shocked the industry a day earlier with […]

Aljazeera International

BP chief Bernard Looney steps down over past relationships with colleagues

September 13, 2023 Mariel Alumit

EconomyBusiness and Economy BP chief executive Bernard Looney has resigned after admitting to not being “fully transparent” about past relationships with colleagues, the British energy giant has said. Looney’s resignation follows recent allegations of personal […]

Oil
Big Oil Companies

African Oil and Gas Exploration is Going Strong

September 5, 2023 Mariel Alumit

Despite the call heard ’round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa […]

Oil
International News

Big Oil’s Next Genius Moves to Save the Planet

August 31, 2023 Mariel Alumit

It seems the world’s most environmentally-conscious buddies, our friendly neighborhood oil giants like BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are diving deep into the influencer market. Because when you think “innovation in renewable energy,” you […]

Climate
Climate Change

Maui Fires Show the Very Real Danger of Climate Corporatism

August 30, 2023 Mariel Alumit

Opportunity cost is a central concept in economics. Economics is about the unseen versus the seen. Resources spent in one direction are not spent in another. The same goes for corporations as politically correct, economically […]

OMV
Big Oil Companies

OMV Makes Biggest Gas Discovery in 40 Years

August 3, 2023 Mariel Alumit

Austria’s majority state-owned OMV oil, gas, and chemicals company has struck what it calls the country’s largest natural gas discovery in 40 years, announcing the find together with news of its having also signed a […]

nuclear
Energy Transition

UK Energy Firms Meet Shapps to Discuss Security and Net Zero

August 2, 2023 Mariel Alumit

Focus on renewables, nuclear power, North Sea oil and gas Includes laws to protect key infrastructure from Just Stop Oil Britain’s energy industry will sit down with Energy Security Secretary Grant Shapps on Wednesday to discuss energy […]

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Coal

Coal makes a quiet resurgence in the clean energy era

September 28, 2023

CNN —  As momentum shifts toward clean energy, coal has had some unexpected staying power. What’s happening: Big banks like Goldman Sachs have pledged to divest from the dirty energy source, but reports that coal power is dying appear to […]

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As Wisconsin utilities go their own way on net metering, advocates seek a unified approach to solar

September 27, 2023

​Correction: This article was updated to correct the amount that MGE compensates customers for the energy they send back to the grid. It is currently 16.6 cents per kilowatt-hour. Wisconsin utility MGE is proposing to […]

Crude Oil News

WTI Extends Gains As Cushing Stocks Near ‘Tank Bottoms’; SPR Drained

September 27, 2023

After their tumble overnight yesterday amid bearish risk appetites, oil prices have soared back to new cycle highs as traders mulled the effects of rapidly tightening supplies after API reported yet another weekly drawdown in […]

Jackson
Electric Vehicles

Jackson Buys 8 Electric Buses For Transit System, But None Are Working

September 27, 2023

Teton County and the town of Jackson had set its sights on a low-emission transit system for the county. The Southern Teton Area Rapid Transit (START) system, a joint operation between Jackson and Teton County, […]

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