Summary Crude steady after early gains on supply concerns Clash between Moscow and mercenary group averted U.S. rig count falls for eighth straight week (Reuters) – Oil prices firmed slightly on Monday, with political instability from an aborted revolt by Russian mercenaries over the weekend viewed by the market as not posing an immediate threat …
After two days of talks overhauling the global financial system to tackle climate change, more than 40 world leaders who assembled in Paris this week made limited progress on reforms that could increase support from rich countries to poor countries facing crises. The negotiations — across a number of working groups, panels and bilateral talks — resulted …
Five Takeaways From the Paris Summit to Fix Global Climate Finance Read More »
The $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia is on track to get final permits by as early as this week, moving the long-delayed project closer to re-starting construction. Some analysts, however, said that even when the pipe enters service, which could be as soon as the end of 2023, …
U.S. Mountain Valley Natgas Pipe Moving Forward, Capacity May Be Limited Read More »
NEW YORK, June 23 (Reuters) – A U.S. Democratic lawmaker plans to reintroduce a bipartisan bill next month that would allow electricity generated from renewable biomass to qualify for credits under the nation’s biofuel blending program. The Biden administration abandoned a similar scheme over concerns that it could trigger lawsuits. Under the bill’s plan, producers …
US lawmaker to re-introduce bipartisan bill to get EV industry into biofuel program Read More »
Several private equity firms dropped talks to buy a Siemens Energy AG stake in recent months over concerns about its unpredictable business nature, a decision vindicated by the company’s Thursday profit warning. Blackstone Inc., KKR & Co. and Clayton Dubilier & Rice each held discussions to acquire a major chunk of Siemens AG’s 32% stake …
Buyout Firms Abandoned Siemens Energy Stake Talks Before Plunge Read More »
June 23 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for an eighth week in a row for the first time since July 2020, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator …
US drillers cut oil and gas rigs for eighth week in a row, Baker Hughes says Read More »
Courtesy of ENERGYminute Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Thea annual electricity consumption of an electric vehicle (EV) compared to a single-detached home can vary depending on several factors. Here are the variables that could affect the electricity usage and make a direct comparison challenging: EV Model and Efficiency: The energy consumption …
INFOGRAPHIC: Electricity Use Comparison: EV vs. Home – ENERGYminute Read More »
(Reuters) – Deutsche ReGas has sub-chartered a second floating storage and reception unit (FSRU) for liquefied natural gas for the Mukran terminal project in the Baltic Sea, with its LNG to flow to onshore grids via the nearby port of Lubmin from next winter. ReGas’ deal to charter the Transgas Power vessel, which has regasification …
Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian LONDON, June 23 (Reuters) – Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern …
Oil Resumes Slide on Demand worries After Latest Rate Hikes Read More »
Expects wind unit issues to cost more than 1 bln eur Continues to face ramp-up issues in offshore wind Frankfurt-listed shares -12.8% FRANKFURT, June 22 (Reuters) – Siemens Energy, which supplies equipment and services to the power sector, scrapped its 2023 profit outlook after a review of its wind turbine unit exposed deeper than expected …
Siemens Energy scraps profit outlook as wind turbine troubles deepen Read More »
