Day: July 3, 2024

Oil Prices Rise As EIA Confirms Huge Crude Draw

Energy News Beat Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 12.2 million barrels for the week to June 28. The inventory change compared with an inventory build of 3.6 million barrels estimated for the previous week, when the EIA also saw fuel inventories rising, which weighed on oil prices. […]

Google falling short of important climate target, cites electricity needs of AI

Energy News Beat Three years ago, Google set an ambitious plan to address climate change by going “net zero,” meaning it would release no more climate-changing gases into the air than it removes, by 2030. But a report from the company Tuesday shows it is nowhere near meeting that goal. Rather than declining, its emissions […]

EU Commission clears Romania’s plans to build two new nuclear reactors

Energy News Beat The European Commission has issued a positive opinion on the technical and nuclear safety aspects of the project for units 3 and 4 of Romania’s only nuclear power plant, the Romanian Energy Ministry announced on Tuesday. With the Commission’s green light, the plant, managed by the country’s sole nuclear power producer, the […]

Green New Scam Is Dying

Energy News Beat It’s no secret that the vast majority of the so-called elites are advocates of climate alarmism and are taken in by the Green New Scam. Whether this preference is based on ignorance of the science, ideological zeal, a willful desire to hurt American growth or simple greed because of their investments in […]

French nuclear giant scraps SMR plans due to soaring costs, will start over

Energy News Beat The French nuclear giant EdF, the government owned company that manages the country’s vast fleet of nuclear power stations, has reportedly scrapped its plans to develop a new design for small nuclear reactors because of fears of soaring costs. EdF, which is now fully government owned after facing potential bankruptcy due to […]

New Florida windmill ban law goes into effect along with language removing “climate change”

Energy News Beat TAMPA, Fla. — The state of Florida currently has zero windmills operating on land or offshore, and some Republican legislators want to keep it that way. In May, Gov. DeSantis signed HB 1645 into law, going into effect July 1. According to the language of the law, it “Prohibits the construction or expansion of […]

Peru LNG terminal sent four cargoes to Dutch Gate in June

Energy News Beat Peru LNG’s liquefaction plant at Pampa Melchorita has shipped four liquefied natural gas cargoes to the Dutch Gate LNG import terminal in the port of Rotterdam in June, according to the shipment data by state-owned Perupetro. The 174,000-cbm LNGShips Manhattan, which departed the 4.4 mtpa Peru LNG plant on May 31 and […]

Glenfarne’s Texas LNG pens new offtake deal

Energy News Beat Glenfarne Group’s Texas LNG has signed a new heads of agreement to supply liquefied natural gas from its planned 4 mtpa LNG export terminal in the port of Brownsville. According to a statement by Glenfarne, Texas LNG entered into the deal with a “top-tier credit-rated market participant” for a long-term LNG free-on-board […]