Category: Energy News Beat

U.S. Dept. of Energy To Purchase Crude for Strategic Petroleum Reserve

Energy News Beat ENB Pub Note: I bet they don’t ever fill it. It is too close to November Elections.   The U.S. Department of Energy (DOE) has announced a new solicitation to purchase oil to replenish the Strategic Petroleum Reserve (SPR), according to a DOE press release. The solicitation, announced by the DOE’s Office of […]

Innovative New Tech is Transforming the Battery Market

Energy News Beat Lithium-sulfur and solid-state batteries offer higher energy density and longer life. Fast-charging technology reduces charging time to minutes. Sustainable initiatives focus on recycling and using eco-friendly materials. In a world where the appetite for energy is insatiable, the battery market has become the playground for some of the brightest minds aiming to […]

Governments slap taxes on EVs as $110bn fuel duty shortfall looms

Energy News Beat ENB Pub Note: The EV failure is only the tip of the iceberg. – Just watch as the insurance companies and investors are the key downfalls of the EV market. The markets will not support the “energy transition” any longer.  Global policymakers are imposing new taxes on electric vehicles as the shift […]

Wyoming’s Powder River Basin Closes In On 9 Billion Tons Of Coal Dug Up

Energy News Beat Sometime this summer, there will be a silver anniversary celebration of sorts for Wyoming’s coal-rich Powder River Basin. Despite all the gloom and doom of coal industry projections that call for falling production from the Cowboy State, America’s coal heartland is expected to hit an astonishing 9 billion tons of coal produced […]

Greece suspends electricity imports until May 7 to protect system

Energy News Beat The Independent Power Transmission Operator (IPTO or Admie) of Greece has announced the suspension of all electricity imports in the hours around noon through May 7. According to the official announcement of IPTO, the import capacity in interconnections with Italy, Albania, North Macedonia, Bulgaria and Turkey will be zero from 8:00 until 17:00 every day from […]

bp’s first quarter profits fall below expectations

Energy News Beat bp has disclosed its financial performance for the first quarter of 2024. The energy giant reported an underlying profit of $2.7 billion (£2.1bn), which fell short of analyst predictions by a slight margin. This figure represents a decline from the $5 billion (£3.9bn) profit recorded in the same period last year. The […]

Pennsylvania Launches New Energy Initiative to Generate 50% of State’s Energy Needs with Solar Power

Energy News Beat Pennsylvania Governor Josh Shapiro has unveiled the Commonwealth’s new renewable energy initiative, which will see the State generate 50% of its electricity use from 10 new solar arrays. This initiative – known as the Pennsylvania Project to Utilize Light and Solar Energy (PA PULSE) – will make Pennsylvania the first state in […]

North Sea drilling to extend beyond net zero

Energy News Beat North Sea oil drilling is set to persist for years beyond Britain‘s net zero deadline, with officials granting approval for 31 new licences for oil and gas exploration. These licences, allocated to fossil fuel companies, are projected to extend production until as late as 2060, marking an extension of approximately two decades […]

Cargoes of Russian Oil Product Stranded amid Crackdown in Key Buyer SKorea

Energy News Beat Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine continues to impact flows more than two years after the war began. More than 2 million barrels of Russian naphtha, a building block for plastics, have been held […]

A green embargo by China will trigger a financial crisis that will implode the US economy!

Energy News Beat It seems that no one remembers the Oil Embargo of 1973, just 50 years ago, as America’s National Security is now with China’s monopoly of critical Minerals! In 1973, the Organization of Arab Petroleum Exporting Countries (OPEC) imposed an oil embargo against the United States, triggering a crude oil crisis that sent […]