Day: January 30, 2024

Scarborough pipeline damaged in incident on Saipem’s pipelayer

Energy News Beat EuropeOffshore Saipem Woodside has been forced to stop installation of an offshore gas pipeline on its $12bn Scarborough gas project after an incident on Saipem’s Castorone pipelayer punched a hole in the pipeline. According to Australian media outlets, the Castorone pipeline installation vessel lost control of the pipeline during installation on Monday […]

Tesla Closes in on Toyota in California: The Battle for #1. Total EV Sales +46% in 2023, EV Share Hits 21%

Energy News Beat Tesla +24.6%, Toyota +2%. Model Y +52%, #1 bestseller by far; Model 3 is #2 bestseller. Toyota loses it, Camry sales -16%, RAV4 +1%. By Wolf Richter for WOLF STREET. Tesla’s share of all light vehicles sold in California in 2023 surged to 13.0%, behind only Toyota, whose share fell to 15.7% (from 17.3% in […]

Daily Energy Standup Episode #297 – EV Lane Fees, Turbine Explosions, and Financial Outlook

Energy News Beat Daily Standup Top Stories You’ll Have to Pay to Use the Highway. Blame EVs. January 29, 2024 Stu Turley When Europe last year agreed that by 2035 all cars sold in the region would be zero-emissions (read: electric), the most obvious question in my mind was: Who would pay for that? Because gasoline […]

Treasury Department Trying Very Hard to Push Down Yields with its Quarterly Refunding Announcements. So We Take a Look

Energy News Beat The actual actual increase in marketable Treasury securities is far higher than the “actual” increase announced in the “Marketable Borrowing Estimates.” By Wolf Richter for WOLF STREET. The Treasury Department’s Quarterly Refunding announcements, normally cause of a global yawn, have turned into a market-moving circus: Longer-term Treasury yields surged from August through October 2023 after […]