Category: Energy News Beat

British household energy debt highest ever – regulator

Energy News Beat British households have piled up record debts of almost £3 billion ($3.8 billion) with electricity and gas suppliers, national energy regulator Ofgem has revealed. The total amount owed to energy suppliers has soared by £400 million since mid-October, according to a report released on Friday. It is now at its highest ever […]

Daily Energy Standup Episode #271 – Weekly Recap: Unraveling Geopolitical Dynamics, Investment Hypocrisy, and Technological Breakthroughs in the Ever-Evolving Energy Landscape

Energy News Beat Daily Standup Weekly Top Stories Russia’s Shadow Fleet – 24 min Bloomberg Video – “Ships aquired by “We don’t know who; and insured by who knows?” December 9, 2023 Stu Turley ENB Pub Note: Michael and I have talked about the “Shadow Fleet” for several years. Iran had been ahead of Russia in […]

Failure of Cop28 on fossil fuel phase-out is ‘devastating’, say scientists

Energy News Beat The failure of Cop28 to call for a phase-out of fossil fuels is “devastating” and “dangerous” given the urgent need for action to tackle the climate crisis, scientists have said. One called it a “tragedy for the planet and our future” while another said it was the “dream outcome” for the fossil fuel industry. […]

Pipelines and Global Political Center of Gravity Alternatives – George McMillan Energy and Geopolitical series

Energy News Beat ENB Pub Note: This is the 4th article in a series with George McMillian, CEO of McMillian and Associates. The other articles and the first podcast are listed below. Buckle up, get your popcorn, and flight suit for some eye-opening conversations.   Please follow George on his LinkedIn HERE. Introduction—Cold War History of […]

Breathing contributes to global warming – study

Energy News Beat Human breathing contributes to global warming, according to a study published Wednesday in PLoS One. The authors argued that human respiration’s contribution to climate change has been underestimated and merits further study. After measuring the gas composition in the exhaled breaths of 328 study participants, the researchers concluded human breath comprises 0.05% […]

GM to lay off 1,300 Michigan workers as vehicles end production

Energy News Beat GM plans to lay off about 1,300 workers in Michigan starting early next year due to vehicles they produce ending production. The largest of the layoffs were expected. They include 945 workers at Orion Assembly who build Chevrolet Bolt models, which are ending production after this year. The other 369 workers to […]

Global coal use to reach record high in 2023, energy agency says

Energy News BeatGlobal coal use is expected to reach a record high in 2023 as demand in emerging and developing economies remains strong, the International Energy Agency (IEA) has said. The demand for coal is seen rising 1.4 percent in 2023, surpassing 8.5 billion tonnes for the first time as usage in India is expected […]

Biden’s EV Push Takes Major Hit As Democrats Turn On Mandate

Energy News Beat The House passed the Choice in Automobile Retail Sales Act, aiming to block an EPA rule seen as a backdoor mandate for electric vehicles. The rule would require a significant percentage of new vehicle purchases to be electric by 2032. The Act received bipartisan support, with concerns about affordability, consumer choice, and the impact on […]

ERCOT joins group of U.S. utilities warning about blackouts this winter

Energy News Beat The leader of the Texas energy grid has joined a group of U.S. energy and utilities leaders sounding the alarm about the increased risk of blackouts during the approaching winter months. According to the Houston Chronicle’s James Osborne, Pablo Vegas, the Electric Relability Council of Texas’ CEO, said at an event hosted by the trade […]

Shell acquires 100% interest in Kaikias field in U.S. Gulf of Mexico

Energy News Beat (WO) − Shell Offshore Inc., a subsidiary of Shell plc, has acquired the 20% Working Interest (WI) of MOEX North America LLC, a 100% subsidiary of Mitsui & Co., Ltd., in the Kaikias field in the U.S. Gulf of Mexico. Shell now has 100% WI and remains the operator. The Kaikias field […]