(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.) (Reuters Breakingviews) – OPEC’s un-Merry Christmas just got gloomier. Less than a month after fresh cuts by the Organization of the Petroleum Exporting Countries that nevertheless saw oil prices fall, Angola said on Thursday it was quitting the 13-strong group. It’s a …
Angola’s OPEC Exit is a Sideshow With a Hard Edge Read More »
Interior required to hold auction by Congress in climate law Gulf lease sales set to go on two-year hiatus under Biden plan Hess Corp. was the high bidder in a US auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a …
Green Hess, Oxy Are Top Winners of Gulf of Mexico Oil Lease Sale Read More »
Credit: https://www.freepik.com/free-photo/earth-environment_8668094.htm As we head into 2024, developing Cleantech is no longer an option but a necessity for many firms large and small. Last year, U.S. President Joe Biden significantly pushed Cleantech in the Inflation Reduction Act and the Chips and Science Act. By offering an estimated $400 billion in tax credits and subsidies, the …
Cleantech – can engineers and system integrators supercharge these projects? Read More »
A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.The auction total was the highest of any federal offshore oil and gas lease sale since 2015, according to a Reuters tally. Shell, Hess, …
U.S. Gulf of Mexico Oil Auction is Largest Since 2015 Read More »
Watch: If Regular Cars were like EVs…
By David Wethe Closely held explorers, once the engine to the Permian’s shale growth coming out of the pandemic, are now expected to lead US oil explorers into spending contraction next year. Private oil and natural gas explorers are projected to cut their budgets by 4% to an average of $34.4 billion in 2024, according to the 39th …
Private Shale Drillers Set to Cut Spending After Boom in 2023 Read More »
U.S. launches Red Sea force as ships reroute to avoid attacks LONDON, Dec 19 (Reuters) – Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world’s main East-West trade route, following attacks launched by Yemen’s Houthi group on commercial ships at the southern end of the Red Sea. The attacks raised the …
How Does the Red Sea Attacks Affect Gas Shipping? Read More »
A Sad Story about Budget Rentals and a Tesla Model 3 By Geoffrey Cann I had an occasion to rent a car for the first time since the pandemic, for a few days out of Halifax, and visited the usual suspects to see what was on offer. Interestingly, Budget was making a vague commitment for the availability of a Tesla …
Electric Cars Are Cool But Only When They Work – Geoffrey Cann Read More »
Summary US launches multinational push to safeguard Red Sea commerce Disruption unlikely to have big effect on oil -Goldman U.S. crude inventories expected to have fallen last week LONDON, Dec 19 (Reuters) – Oil steadied on Tuesday as investors considered the potential impact on oil supply from attacks by Yemen’s Iran-aligned Houthi militants against ships …
Oil Steadies as U.S. Leads Push to Safeguard Red Sea Vessels Read More »
(Reuters) – SunPower (SPWR.O) on Monday raised doubts about its ability to stay in business, saying that its breach of a key term in a credit agreement could prompt lenders to recall certain loans, sending its shares tumbling 23%. The company said in a regulatory filing that lenders may demand immediate payment of $65.3 million in …
SunPower Shares Slide After Raising Going-Concern Doubts Read More »
