Category: Energy News Beat

US ambassador laments ‘scary’ Biden poll numbers

Energy News Beat The diplomat is worried to see voters “strongly favor” Donald Trump, but advised not to underestimate the president’s chances of victory US Ambassador to Canada David Cohen has recently revealed that fresh polling in six key swing states paints a grim picture for incumbent President Joe Biden, who leads in only one […]

DAVID BLACKMON: Fear Factor Surrounding Oil Prices Has Vanished

Energy News Beat The price fear factor for crude oil rose following the Oct. 7 Hamas terrorist attacks on Israel, and crude prices continued to rise in subsequent weeks over fears the conflict could escalate region-wide. But in recent days, this fear premium in prices has all but disappeared from the market as such concerns […]

Russia’s oil and gas revenues hit 18-month high

Energy News Beat Soaring crude prices have boosted Moscow’s income from energy exports, according to Rossiyskaya Gazeta Russia’s proceeds from oil and gas sales surged to their highest level in one and a half years in October, Rossiyskaya Gazeta reported on Wednesday. The country’s revenues from energy exports reached 1.63 trillion rubles ($17.7 billion) last […]

TC Energy beats third-quarter profit estimates on high LNG demand

Energy News Beat Nasdaq Pipeline operator TC Energy TRP.TO on Wednesday beat third-quarter profit estimates, as it gained from transporting higher volumes of liquefied natural gas. Source: Reuters The company reported an adjusted profit of C$1.00 ($0.7262) per share for the quarter ended Sept. 30, compared with the average analyst estimate of C$0.97 per share, according to […]

Daily Energy Standup Episode #248 – Switzerland’s Nuclear Extension, Rep. Brecheen’s Climate Job Proposal, Biden’s LNG Prioritization, Texas Energy Fund Approval, and DOE Oil Refill Bids

Energy News Beat Daily Standup Top Stories Switzerland To Keep Nuclear Plants Operating For Longer Than Planned November 8, 2023 Allen Santos Switzerland’s nuclear power plant operators plan to keep the facilities operational for longer than initially planned, spokespeople for the large Swiss utilities Axpo Holding and Alpiq Holding told Bloomberg on Tuesday. Switzerland has four nuclear reactors, […]

ENB #148 Dan Gualitieri Talk about the “Shark Tank” opportunity to present to a board your oil and gas deal

Energy News Beat Do you have the desire to win? Can you evaluate an oil and gas deal? Do you want to get live feedback and the opportunity to win a huge industry trophy? Dan Gualtieri has a huge opportunity next week SPE A&D workshop is coming up on 11/15 at 4 pm Petroleum Club […]

Switzerland To Keep Nuclear Plants Operating For Longer Than Planned

Energy News Beat Switzerland’s nuclear power plant operators plan to keep the facilities operational for longer than initially planned, spokespeople for the large Swiss utilities Axpo Holding and Alpiq Holding told Bloomberg on Tuesday. Switzerland has four nuclear reactors, which generate up to 40% of its electricity, according to the World Nuclear Association. The Swiss voted in a 2017 […]

Biden puts himself before LNG-related economic and national security needs

Energy News Beat Delaying export permits for liquefied natural gas , or LNG, from already constructed and permitted LNG facilities on the U.S. Gulf Coast, President Joe Biden is demonstrating that he is more interested in appeasing environmental zealots than he is in the national security and the economic well-being of the country. Basic economic theory says that free […]

Texas voters approve $10B energy fund, with most going to build gas-fired power plants

Energy News Beat By about a two-thirds margin, voters in the Lone Star State on Tuesday approved a constitutional amendment authorizing a new $10 billion Texas Energy Fund to provide low-interest loans to build gas-fired power plants, develop microgrids and modernize portions of the state’s electric grid. Supporters of the fund say new power generation […]

What green energy transition? Half of mining still exploring for gold

Energy News Beat New study shows a $1.1 billion drop in gold exploration budgets this year as juniors struggle to raise capital, but the precious metal still accounts for 46% of the total.  According to a new study by S&P Global Market Intelligence, overall mining exploration budgets fell this year for the first time since 2020, […]