Auto Added by WPeMatico
(Reuters) – The association that represents the interests of some of the most important oil service providers in Mexico asked state company Pemex to pay overdue debts totaling 103.6 billion pesos ($5.1 billion), a letter made public on Monday shows. In the letter dated Nov. 15 and addressed to the country’s energy and finance ministers …
Mexican Oil Service Providers Ask Pemex to Pay Down Debt Read More »
More From Irina Slav It has been a tough last week for climate finance negotiators, UN officials, Northvolt’s executives, one of India’s wealthiest men, the UK government, the EU, and me, because I can’t resist a temptation, especially when it’s staring me in the face and making EV sounds. So, buckle up because a lot’s …
COMMENTARY: Chaos at the Energy Transition Asylum – Irina Slav Read More »
By Julio Mejía and Elmira Aliakbari At the Conference of the Parties (COP29) in Azerbaijan, António Guterres, the United Nations Secretary-General, last week called for a global net-zero carbon footprint by 2050, which requires a “fossil fuel phase-out” and “deep decarbonization across the entire value chain.” Yet despite the trillions of dollars already spent globally pursuing this target—and the …
Global Fossil Fuel Use Rising Despite UN Proclamations – Fraser Institute Read More »
Summary Nominations to Austria unchanged in recent days Gazprom halted flow to Austria’s OMV in mid-November (Reuters) – Russian gas exports to Europe through Ukraine have been stable on Monday despite a contractual row between Kremlin-owned Gazprom and Austria’s OMV , which halted gas flows to the Vienna-based company this month. Russia stopped gas supplies to OMV in …
Russian Gas Flows to Europe via Ukraine Stable Despite Gazprom-OMV Row Read More »
By Clyde Russell (Reuters) – Concerns that Europe is facing a natural gas supply crunch this winter are overblown, with the liquefied natural gas (LNG) market already stepping up to avoid any shortfall, albeit at higher prices. European natural gas prices climbed to the highest level in two years last week, with the benchmark front-month contract …
LNG is Stepping Up to Solve Europe Gas Woes, But at a Price Read More »
Summary Northvolt co-founder urges EU not to give up EV battery dream Firm has filed for bankruptcy protection, needs $1.0-$1.2 bln EU hopes hit by weak EV sales, production issues, China strength (Reuters) – Northvolt’s financial collapse deals a blow to Europe’s plan to set up its own battery industry to power electric cars, stirring …
Northvolt Crisis May be Make or Break for Europe’s EV Battery Ambitions Read More »
Worked with Elon Musk at Tesla before heading up Swedish EV battery maker Bloomberg News Northvolt AB chief executive Peter Carlsson is stepping down as the Swedish battery maker embarks on a restructuring under bankruptcy court protection. Carlsson, a co-founder of Northvolt, has led the electric-vehicle supplier since its inception in 2016. He raised billions …
Northvolt CEO Peter Carlsson Quits After Bankruptcy Filing Read More »
Bloomberg News Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oilsands site, which the producer’s chief executive has called a “rock star” operation. Suncor’s wells in the province produced about 284,000 barrels a day last month, the most in data stretching back to 2018 and …
Suncor’s CEO Lauds ‘Rock Star’ Firebag Oilsands Site Read More »
(Reuters) – The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations – a proposal that drew criticism from all sides. World governments represented at the summit in the Azerbaijan capital Baku are …
COP29 Climate Summit Draft Proposes Rich Countries Pay $250 Billion Per Year Read More »
By Reuters (Reuters) – The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting. OPEC+ countries, which are pumping around half the world’s oil, are taking all necessary decisions to maintain market stability, Novak also …
Russia’s Novak Says Oil Market Balanced Thanks to OPEC+ Read More »
