Day: November 14, 2023

DO WE FACE ELECTRICITY SHORTAGES THIS WINTER? NERC ISSUES 2023-2024 WINTER RELIABILITY ASSESSMENT

Energy News Beat The North American Electric Reliability Corporation (NERC) is responsible for reducing risks to the reliability of the electric power grid in the U.S., Canada, and a tiny part of Mexico.  NERC is overseen by the Federal Energy Regulatory Commission.  Each year, NERC assesses developments and risks that could impact electricity supplies for the […]

ENB # 152 Tucker Perkins, CEO, Critical issues around low-cost reliable energy and solutions to a net zero goal

Energy News Beat Energy poverty is a real thing. We have to look at solutions that take care of the environment while providing low-cost energy for humanity. I just had the opportunity to visit with leaders from Africa and the last mile. Please sit back, and enjoy our discussion with Tucker. You can connect with […]

Who Is The Main Beneficiary Of The Gas Hub In Turkey?

Energy News Beat Energy researcher Irina Mironova writes that a Turkish gas hub where Russian natural gas can be traded is becoming a tangible reality, with the project’s launch planned for 2024. However, the primary purpose will not be to maintaining Russia’s gas exports to the West, but rather advancing Turkey’s longstanding aspirations for EU membership. In October […]

Cape Codders say no to offshore wind transmission lines under their beaches

Energy News Beat BARNSTABLE — The scene at Barnstable High School on a recent Monday night felt like a homecoming rally — all anxious energy, cheers, and hugs. A crush of bodies flooded the hallway as revelers greeted friends and handed out fliers to people pouring into the auditorium. Except these weren’t high schoolers filling […]

Without Crude Oil There Would Be No Need for Electricity

Energy News Beat Everything that needs electricity is made from petrochemicals manufactured from crude oil. Most of the products that did not exist before the 1800’s are made from petrochemicals manufactured from crude oil.  To date, we have yet to have a backup to crude oil to support the materialistic needs of today’s society. Wind […]

Exxon to start lithium production for EVs in the US by 2027

Energy News Beat HOUSTON, Nov 13 (Reuters) – Exxon Mobil (XOM.N) said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics. Oil majors are investing in the electrification sector as governments in the United States and Europe set programs […]

Chinese yuan beats Euro, is 2nd most used currency in global payments system SWIFT

Energy News Beat As of September 2023, the yuan accounted for 5.8% of international payments, up from 4.82% in August, which is the highest share the Chinese currency has held in the last five years, according to SWIFT system data. The Chinese yuan has surpassed the euro to become the world’s second-most used currency in […]

Capital Product Partners shifts focus to LNG in $3.1bn deal for 11 newbuilds

Energy News Beat Greek owner Capital Product Partners has entered into an umbrella agreement with Capital Maritime and Capital GP for the acquisition of 11 newbuild LNG carriers from the Evangelos Marinakis-led company for a total acquisition price of $3.13bn. The 11 vessels in question are all two-stroke Mark III Flex 174,000 cu m LNG carriers […]

Mach Natural Resources to buy Anadarko Basin assets for $815 mln

Energy News Beat Nov 13 (Reuters) – Mach Natural Resources (MNR.N) said on Monday said it will buy certain oil and gas assets in the Anadarko Basin in Oklahoma from privately-held Paloma Partners for $815 million in cash. Mach Natural said the assets have reserves of 75 million barrels of oil equivalent (mmboe) and will boost its […]

Capital Product Partners to buy 11 LNG carriers for $3.1 billion

Energy News Beat New York-listed Capital Product Partners has entered into an umbrella agreement to buy 11 LNG carriers from its sponsor Capital Maritime & Trading Corp for a total acquisition price of $3.13 billion. CPLP entered into the deal with Evangelos Marinakis-led Capital Maritime and its general partner Capital GP. Earlier this year, CPLP […]