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HomeTop News

Top News

Hydrogen

With Natural Gas in Peril, Pipeline Owners Look to Hydrogen

January 29, 2021 Stu Turley

Three million miles of natural gas pipelines criss-cross the U.S., and the fight against climate change could render them all obsolete. The last two weeks alone illustrate the stakes. President Joe Biden canceled the permit for the […]

Crude Oil News

Oil tanker market in rougher seas as supply surges, storage sinks

January 28, 2021 Stu Turley

A plunge in the volume of crude oil stored on ships combined with unexpected cuts from top producer Saudi Arabia have created a glut of vessels available for hire, pressuring the outlook for supertankers this year. Earnings […]

Gina McCarthy
ENB Pub Note

Biden’s Early Climate Blitz Goes Faster, Further Than Expected

January 28, 2021 Stu Turley

Energy News Beat Publishers Note: In order to elevate people from poverty they need access to clean, reliable, and affordable energy.  While going green is a good thing, it needs to be done with a […]

Iranian-flagged MT Horse
Commodities

China’s Binge on Iranian Oil in Focus Following Tanker Seizures

January 28, 2021 Stu Turley

An increase in Iranian oil exports to China has received some unwanted attention in recent days and is now prompting fears of a clampdown. Indonesia seized two vessels — one of which was Iranian-flagged — on Sunday […]

China Refiner - Energy News Beat
Crude Oil News

China refining growth supports crude demand

January 27, 2021 Stu Turley

 Growing oil product oversupply and government liberalisation efforts are unlikely to lead to any sharp reduction in Chinese refining capacity in the near future, supporting the country’s crude import demand and fuel exports, participants at […]

Tesla Notches First Full-Year Profit, Aided By $270 Million Fourth-Quarter Net Income
Electric Vehicles

Tesla Notches First Full-Year Profit, Aided By $270 Million Fourth-Quarter Net Income

January 27, 2021 Stu Turley

Tesla reported a web revenue of $270 million in 2020’s last quarter, serving to Elon Musk’s electrical automobile powerhouse notch its first worthwhile 12 months. As standard, gross sales of air pollution credit helped hold the corporate […]

Energy poverty in the name of environmental…
Electrical Generation / Utilities

Energy poverty in the name of environmental justice

January 27, 2021 Stu Turley

Energy News Beat Publishers Note: This is sad for the lower income and disproportionate impacted communities. They always pay the price, and our elected officials need to take care of them, rather than tax them past […]

How Will Biden’s Presidency Impact South America’s Oil Boom - Energy News Beat
Crude Oil News

Biden’s oil and gas ban immediately challenged in Federal court

January 27, 2021 Stu Turley

The Biden administration’s moratorium of oil and gas leasing on federal public land faced an immediate legal attack from an energy industry group. Western Energy Alliance, which says it represents 200 oil and natural gas […]

Earnings

Hess Corporation Q4 releases earnings – loses $97mm ($0.32 per share)

January 27, 2021 Mariel Alumit

NEW YORK (AP) – Hess Corp. (HES) on Wednesday reported a loss of $97 million in its fourth quarter. The New York-based company said it had a loss of 32 cents per share. Losses, adjusted […]

Exxon Faces Proxy Fight After Activist Nominates Four Directors Energy News Beat
Finance

Exxon Faces Proxy Fight After Activist Nominates Four Directors

January 27, 2021 Stu Turley

Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. 1 formally nominated four directors to the board of the energy giant, which is facing growing calls to change its strategy. Engine No. 1, […]

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