Category: Energy News Beat

Daily Energy Standup Episode #268 – Grid Reliability Warning, India’s Oil Expansion, and Occidental’s $10.8B CrownRock Acquisition

Energy News Beat Daily Standup Top Stories Major grid operator warns legal agreement to shutter coal plant will devastate electric reliability December 11, 2023 Mariel Alumit A major power grid operator that oversees electricity supplies across the mid-Atlantic repeated its warning that the looming shutdown of a coal-fired power plant in Baltimore will threaten the region’s grid reliability […]

3 Podcasters Walk in a Bar Episode 39 – Global Financial Ripples: UAE’s Petrodollar Exit Explored and MORE!!..

Energy News Beat Highlights of the podcast: 04:31 – The significance of UAE ditching the petrodollar and its implications in global trade. 05:56 – Concerns about the Biden administration’s foreign policy and its impact on relationships in the Middle East. 08:03 – Speculation about potential candidates and dynamics in the upcoming 2024 election. 19:48 – […]

ENERGY TRANSITION EPISODE 90 -Filmed Live On YouTube on December 11, 2023

Energy News Beat ENERGY TRANSITION #90-Venezuela wants Guyana’s oil Highlights of the podcast: 01:02 -Guyana is standing on its own 02:08 -Hess and Chevron 02:50 – Guyana’s 11 billion barrels in reserves 05:41 – Inflation rate in Venezuela 08:37 – Financial assistance from China 11:51 – CapEx investment into new wells 13:43 – The Monroe […]

Poof Goes the Electric Car Dream

Energy News Beat The electric car will not whisk us towards an ever growing yet greener future. If governments were truly serious about reducing emissions, I have argued, they would celebrate walking and subsidize bicycles instead of $70,000 vehicles for the rich. They would improve public transportation and make our cities walkable again. And, bottom line, […]

Building wind power, canceling coal — it’s all drowning under borrowing costs

Energy News Beat DUBAI, United Arab Emirates — Plans to push South Africa and Indonesia off coal sputtered. So have offshore wind farms on the New Jersey and British coasts, and a green hydrogen project in an Italian port city. Climate projects around the world are sinking because of high borrowing costs driven by interest […]

India to Boost Oil Refining Capacity by 1 Million Bpd a Year Until 2028

Energy News Beat India, the world’s third-largest crude oil importer, expects to raise its refining capacity by around 1.12 million barrels per day (bpd) each year until 2028, according to India’s junior oil minister Rameswar Teli. Total Indian refining capacity is expected to increase by 22% in five years from the current 254 million metric […]

Qatar to account for 40% of all new LNG supplies by 2029: Al-Kuwari

Energy News Beat HE the Finance Minister Ali bin Ahmed al-Kuwari said Qatar will account for about 40% of all new LNG supplies by 2029 and noted the country is providing the world with the “cleanest” hydrocarbon source of energy. He was speaking at a panel session at the Doha Forum Sunday. The minister spoke […]

Major grid operator warns legal agreement to shutter coal plant will devastate electric reliability

Energy News Beat A major power grid operator that oversees electricity supplies across the mid-Atlantic repeated its warning that the looming shutdown of a coal-fired power plant in Baltimore will threaten the region’s grid reliability and may have devastating impacts on consumers. In a follow-up letter obtained by FOX Business this week, PJM Interconnection warned the shutdown […]

State order seeks to limit natural gas pipelines, mains

Energy News Beat BOSTON — After more than three years of considering the future of the natural gas industry in Massachusetts and what role it can play in the state’s efforts to significantly reduce its greenhouse gas emissions over the next three decades, the Department of Public Utilities issued an order Wednesday meant to signal […]

South America’s Offshore Oil Boom Will Challenge OPEC’s Dominance

Energy News Beat South America’s offshore oil boom is set to make the region a major play in global oil markets, challenging OPEC’s dominance. The combined efforts of Guyana and Brazil alone are expected to add nearly three million barrels per day of oil production by the end of the decade. Brazil aims to boost […]