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HomeTop News

Top News

sanctions
Crude Oil News

UK imposes sanctions on Russian oil and LNG vessels

October 17, 2024 Mariel Alumit

LONDON, Oct 17 (Reuters) – Britain said on Thursday it had imposed sanctions on 18 more Russian oil tankers and four liquefied natural gas vessels, the largest batch of sanctions to date against Russia’s so-called […]

U.S. Shale Patch
Big Oil Companies

U.S. Shale Patch M&A Declines In Q3 To $12B

October 17, 2024 Mariel Alumit

The U.S. shale patch recorded $12 billion worth of mergers in the quarter ended  Sept. 30, the lowest total in six quarters, Enverus Intelligence Research has revealed. Andrew Dittmar, principal analyst at Enervus, has noted that […]

CORE POWER
Energy Tech

Nuclear power for shipping pioneer CORE POWER swells funding to $500m

October 17, 2024 Mariel Alumit

Shipping nuclear propulsion start-up CORE POWER is set to reach a funding milestone of $500m, which will support the UK-based company in finishing the technology designs and building the program for the maritime industry. CORE […]

Houthi
Geopolitical

American stealth bombers pound Houthi weapons caches

October 17, 2024 Mariel Alumit

US Central Command (CENTCOM) forces conducted multiple airstrikes on numerous Houthi weapons storage facilities in Yemen early this morning in a bid to degrade the militant group’s capability to continue what was described as their […]

applications
Nuclear

US opens applications for $900 million for small nuclear reactors

October 16, 2024 Mariel Alumit

WASHINGTON, Oct 16 (Reuters) – The U.S. on Wednesday opened applications for up to $900 million in funding to support the initial domestic deployment of small modular reactor nuclear technology. WHY IT’S IMPORTANT President Joe […]

electricity
Electrical Generation / Utilities

‘Age of electricity’ to follow looming fossil fuel peak, IEA says

October 16, 2024 Mariel Alumit

LONDON, Oct 16 (Reuters) – The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas […]

Barrick
Critical Minerals

Barrick reports lower-than-expected preliminary gold output in third quarter

October 16, 2024 Mariel Alumit

Oct 16 (Reuters) – Barrick Gold (ABX.TO) produced lower-than-expected gold in the third quarter because of a fall in output at its Carlin and Cortez mines in Nevada, the Canadian miner said on Wednesday. Carlin […]

Russia
Big Oil Companies

Russia seeks over $1 billion in damages from British oil giant

October 16, 2024 Mariel Alumit

The Russian Prosecutor General’s office is seeking over €1 billion ($1.09 billion) in damages from UK-based energy giant Shell over a failed joint venture, the Moscow Arbitration Court told the media on Tuesday. Shell walked […]

India
Imports

India boosts September LNG imports

October 16, 2024 Mariel Alumit

The country imported about 2.90 billion cubic meters, or about 2.2 million metric tonnes, of LNG in September via long-term contracts and spot purchases, a rise of 12.4 percent compared to the same month in […]

Newsom
Climate Crisis

Gov. Newsom Signs Law Letting Bureaucrats Control Refinery Levels To Target Price Hikes

October 16, 2024 Mariel Alumit

Gavin Newsom enacted a law empowering state bureaucrats to monitor and control inventory levels at oil refineries, aiming to prevent gas price hikes. Democratic California Gov. Gavin Newsom enacted a law Monday that will empower […]

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