Energy News Beat A green energy company on Tuesday pulled the plug on two wind projects off the coast of New Jersey which were approved for an estimated $1 billion in taxpayer-funded subsidies by Democratic Gov. Phil Murphy and state lawmakers. The Danish outfit Orsted cited high inflation, rising interest rates and supply chain issues as their reasons […]
Energy News Beat Satellite images show the eastern gate of the GERD is fully open, despite objections from Egypt and Sudan over the infrastructure The eastern drainage gate has been opened to its full capacity in anticipation of the fifth filling of the controversial Grand Ethiopian Renaissance Dam (GERD), according to satellite images shared by […]
Energy News Beat Israel has rushed warships to the Red Sea, where US naval assets are also patrolling, after Yemen’s Houthis declared “war” earlier this week. The Houthis had also reportedly launched a ballistic missile at Israel, and released a video showing the launch. In total the Houthis are believed to have attempted three drone and […]
Energy News Beat This article was produced in partnership with Planet Detroit. A new community center in Detroit’s Jefferson Chalmers neighborhood is also a key part of the city’s climate strategy. The Community Center at A. B. Ford Park is part of the first three networks of resiliency hubs on the eastside of Detroit. […]
Energy News Beat The West’s sanctions proposals against Russia are becoming increasingly absurd, President Vladimir Putin said on Wednesday during a televised government meeting on economic issues. Earlier this month, Lithuania suggested including an embargo on buttons, nails, and sewing appliances in the 12th round of EU sanctions against Russia, which is currently being debated […]
Energy News Beat Oil Price The U.S. gasoline crack spread – a leading refining profitability indicator – slumped in October to the lowest level in nearly three years amid seasonally weaker American gasoline demand and the switch to the cheaper winter-grade gasoline, the Energy Information Administration said on Wednesday. Source: Reuters In October, the crack spread, or […]
Energy News Beat Oil and Gas 360 Calgary, Alberta–(Newsfile Corp. – October 31, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company“) is pleased to announce that it has entered into a definitive agreement (the “Agreement“) to offer to acquire all of the issued and outstanding common shares (the “Common Shares“) of […]
Energy News Beat Weekly Crude Oil Storage as of October 27, 2023 Click for EnerCom Analytics Dashboard. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week. At 421.9 million barrels, U.S. crude oil inventories are about 5% below the five year average for […]
Energy News Beat World Oil (WO) – Zephyr Energy plc provided updates on its non-operated asset portfolio in the Williston basin, North Dakota, U.S. In December 2022, the company announced that it had acquired a working-interest in six recently spudded wells operated by Slawson Exploration Company. The working interests acquired range from 11% to 32%. Zephyr’s […]
Energy News Beat Oil Price The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday. But the regulatory and permitting environment for the industry can be fixed, Anja-Isabel Dotzenrath, head of Gas and Low Carbon Energy at BP, […]
