In a grey, squat building overlooking the Thames River in London, high-level talks began Monday on how to clean up an industry that carries more than 80% of world trade — and spews more carbon dioxide into the Earth’s atmosphere each year than Germany. Shipping’s climate impact rarely gets the same attention as planes or cars. But it’s still a major …
Nations Haggle Over Targets to Cut Shipping’s Huge Emissions Read More »
(Adds Haynesville and Williston basin counts) June 30 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a ninth week in a row for the first time since July 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil …
U.S. drillers cut oil and gas rigs for ninth week in a row -Baker Hughes Read More »
China is on a natural gas shopping spree, and officials are happy for importers to keep striking deals even after a global energy crisis has eased. The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy security through the middle of the century, …
China Is Buying Gas Like There’s Still an Energy Crisis Read More »
July 3 (Reuters) – The Biden administration’s climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging seawater desalination plants. The Gulf Coast port is in the running for up to $1 billion available under President …
Biden’s Green Hydrogen Plan Hits Climate Obstacle: Water Shortage Read More »
Kent will provide Front-End Engineering Design (FEED) services for ExxonMobil’s advanced recycling facilities under assessment in Baytown (Texas), Beaumont (Texas), Baton Rouge (Louisiana), Joliet (Illinois), Sarnia (Canada), Rotterdam (The Netherlands) and Antwerp (Belgium). Kent provided Engineering, Procurement and Construction Management services to ExxonMobil for its Baytown advanced recycling facility, which commenced commercial operations in December …
(Reuters) – Oil prices settled higher on Friday but posted their fourth straight quarterly loss as investors worried that sluggish global economic activity could crimp fuel demand. Benchmark Brent crude futures for August delivery which expires on Friday, settled up 56 cents, or 0.8%, at $74.90. In the three months to the end of June, …
Oil Settles Higher But Posts Fourth Straight Quarterly Decline Read More »
By Aaron Foyer History of Sovereign Wealth Funds Sovereign wealth funds (SWFs) have a long history, but their modern incarnation emerged in the mid-20th century. The first sovereign wealth fund can be traced back to the Kuwait Investment Authority (KIA), established in 1953. The KIA was created to manage Kuwait’s surplus oil revenues and invest …
The Rise of Sovereign Wealth Funds – ENERGYminute Read More »
June 30, 2023 U.S. natural gas futures climbed about 2% on Friday as the daily amount of gas flowing to liquefied natural gas (LNG) export plants increases, rising prices in Europe, and on forecasts for hotter-than-normal U.S. weather to continue through mid-July, especially in Texas. In Texas, power use remained high after setting a record …
U.S. natgas prices up 2% on rising LNG feedgas, lingering hot weather Read More »
California regulators approved $8.9 billion of energy-conservation programs as part of the state’s effort to reduce greenhouse gas emissions and combat global climate change. The California Public Utilities Commission on Thursday authorized $4.3 billion of utility energy-efficiency initiatives for 2024 to 2027, and forecast an additional $4.6 billion for 2028 to 2031, according to a …
California Approves $8.9 Billion in Energy-Conservation Programs Read More »
(Reuters) – Oil prices declined towards $74 a barrel on Friday and were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand. Benchmark Brent crude futures for September delivery were down 5 cents, or 0.1%, at $74.46 a barrel by 1120 GMT after earlier rising …
