Energy News Beat In the intricate landscape of global finance, where the credibility of nations is constantly under the microscope, credit ratings emerge as crucial indicators. These ratings, determined by the big three of the financial world – Standard & Poor’s (S&P), Moody’s, and Fitch Ratings – serve as a barometer for a country’s financial […]
Energy News Beat A group of 28 premature babies has been evacuated from al-Shifa Hospital in the besieged Gaza Strip and taken to Egypt for urgent treatment as Palestinian officials say Israeli forces have attacked another hospital in northern Gaza. The newborns had been patients at al-Shifa, Gaza’s largest medical facility, where several others had […]
Energy News Beat News|Technology Hundreds of staff at leading artificial intelligence company OpenAI have threatened to quit and join Microsoft after the sudden firing of the company’s co-founder Sam Altman. The OpenAI staff said they would follow Altman, who said he would be starting an artificial intelligence (AI) subsidiary at Microsoft after his surprise removal […]
Energy News Beat A unit of LNG giant Shell has completed its previously announced deal with BP to sell a 27 percent stake in the Woodside-led Browse project in Australia. “Shell Australia has completed the sale of our interest in the Browse project to BP as was announced on April 29, 2023,” the company said […]
Energy News Beat World Oil (WO) — As a result of the order issued by the United States Court of Appeals for the Fifth Circuit on Nov. 14, 2023, the Bureau of Ocean Energy Management (BOEM) has scheduled Lease Sale 261 for Dec. 20, 2023. Source: World Oil The Gulf of Mexico oil and gas […]
Energy News Beat Oil Price OPEC’s third-largest producer, the United Arab Emirates (UAE), could raise its oil output next year as it has won a higher quota under the OPEC+ agreement. Source: Oil Price The UAE, OPEC’s third-biggest producer after Saudi Arabia and Iraq, said in the summer that it would not join the Saudis in making […]
Energy News Beat A pair of community microgrid projects in Massachusetts are already helping to inspire similar projects in the state before construction has even begun. The city of Chelsea and Boston’s Chinatown neighborhood are each developing projects that supporters hope can become powerful case studies for the potential of microgrids to increase resilience […]
Energy News Beat ENB Pub Note: The US administration clearly has its head in the sand. China and Saudi Arabia have just exchanged billions in currency to trade oil outside the “Petro Dollar.” After the Biden administration weaponized the dollar through sanctions, they escalated the total devaluation of the dollar and subsequently crippled the US’s […]
Energy News Beat Investing Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further supply cuts in OPEC+ production are expected in the coming weeks. Source: Reuters Brent crude futures were up $2.19 to $82.80 a barrel by 10:32 a.m. CT (1632 GMT). U.S. West Texas Intermediate crude was up $1.98, […]
Energy News Beat World Oil (Bloomberg) — Kimmeridge Energy Management Co., which is among the most active and outspoken U.S. oil and gas investors, said a merger of Chesapeake Energy Corp. and Southwestern Energy Co. would create one of the industry’s most sought-after stocks. Source: Reuters “There are only a few must-own stocks in the […]
