Day: March 14, 2024

Queen’s University, UBC, unveil C$2 million Don Lindsay Teck Award in mining engineering

Energy News Beat   ​[[{“value”:” Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK), The University of British Columbia (UBC) and Queen’s University announced Wednesday the Don Lindsay Teck Award in Mining Engineering, comprised of two C$1 million endowments that will generate annual scholarships for students in mining engineering at both universities. The Don Lindsay Teck […]

Covert forms of sexual harassment remain an issue in Western Australia’s mining industry – study

Energy News Beat   ​[[{“value”:” Being put down or condescended to based on gender, and receiving offensive sexist remarks, remain common themes in Western Australia’s mining sector, the Mental Awareness, Respect and Safety (MARS) Program Landmark Study shows. The report was produced by the Centre for Transformative Work at Curtin University, whose researchers surveyed more than […]

Copper price soars to 7-month high on China’s plans to cut output

Energy News Beat Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut. Benchmark three-month copper on the London Metal Exchange (LME) touched $8,799 a metric ton, the highest since Aug. 1, 2023. It last traded 1.6% up at […]

Oxy deploys “industry first” fully electric well service rig from Axis on Permian production wells

Energy News Beat (WO) – Axis Energy Services successfully deployed the oil and gas industry’s first fully electric well service rig on wells operated by Occidental. Axis’ EPIC RIG provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions and increased fuel flexibility. Axis’ EPIC RIG […]

Californians Paying 140% More For Electricity than Other States

Energy News Beat Electricity in Taft, California costs 275% more than what electricity costs in Bullhead City, Arizona. While residents of Los Angeles and San Francisco may feel comfortably smug hundreds of miles away from the Kern County city, it is rare to get a side-by-side comparison of energy bills in neighboring states. How could […]

The costs to New Yorkers of Cuomo’s crazy climate law keep rising

Energy News Beat State lawmakers voted for major cuts in greenhouse-gas emissions and massive buildouts of wind turbines, solar panels, power lines and batteries by 2030 without knowing how it would work, let alone what it would cost. The 2019 bill, the Climate Leadership and Community Protection Act, essentially wrote Gov. Andrew Cuomo’s executive branch a blank check, allowing […]

Leaked documents reveal Kremlin control over Turkish Stream pipeline construction through Bulgaria

Energy News Beat   Leaked documents from the emails of Russian politicians show that the Kremlin, through Russian and Belarusian companies, had full control over the construction of the Turkish Stream gas pipeline through Bulgaria from 2019-2021, despite then-Prime Minister Boyko Borisov’s claims that the project was under the Bulgarian government’s control, Capital reported. Capital […]

Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks

Energy News Beat NEW YORK, March 13 (Reuters) – Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply disruptions after Ukrainian attacks on Russian refineries. Brent futures rose $2.11, or 2.6%, to settle at $84.03 […]

Three companies bag $1.75bn in offshore drilling deals with Equinor

Energy News Beat EuropeOffshore Equinor Norwegian energy giant Equinor has extended contracts for drilling services on the Norwegian Continental Shelf with KCA Deutag, Odfjell Technology, and Archer. The initial contracts with the trio were signed in 2018 with three option periods of two years. The first two-year option was exercised in 2022. Equinor said that […]

Expanded BRICS will keep ‘trademark’ name – Moscow

Energy News Beat The bloc’s acronym is a “brand” and the addition of new members will not change that, a top Russian diplomat has said The BRICS economic group will keep its current name despite the bloc’s expansion, a top Russian diplomat has said. BRICS is a recognizable brand and a “trademark,” according to Deputy […]