Energy News Beat (MENAFN) China National Petroleum Corporation (CNPC) Vice President, Xie Jun, has disclosed that Russian energy giant Gazprom is collaborating with China to fast-track the implementation of a new gas supply route known as the Far Eastern route. This initiative aims to deliver Russian natural gas to China from the offshore reserves near […]
Energy News Beat More natural gas facilities than ever will be firing in Southeast Asia almost two decades from now, according to a report by Singapore-based research firm Asia Research & Engagement (ARE). Led by Thailand, Indonesia and Singapore, the region currently has liquified natural gas (LNG) facilities operating at a capacity of 45 million tonnes per annum (Mtpa), which release […]
Energy News Beat U.S.-headquartered oil and gas exploration and production company Kosmos Energy has boosted its working interest and taken the operatorship helm of giant gas discoveries offshore Senegal, after BP’s withdrawal from the field. This is subject to customary government approvals and will assist the American firm in advancing significant future natural gas and LNG […]
Energy News Beat Shell PLC’s capital deployment strategy favors repurchasing company stocks more than absorbing rivals, chief executive officer (CEO) Wael Sawan has said, in contrast to USA competitors Chevron Corp. and Exxon Mobil Corp. Reporting a 23 percent quarter-on-quarter increase in adjusted earnings to $6.2 billion for the third quarter, the British energy giant […]
Energy News Beat This investigation was done in collaboration with Environmental Progress and The Blind Spot Last August, in an amalgamation of “The Green New Deal” meets “Build Back Better,” President Joe Biden’s Inflation Reduction Act gifted the renewables industry with billions of dollars worth of taxpayer-funded subsidies. What few backing the bill realized was that the largest beneficiary would likely […]
Energy News Beat (The Center Square) – The complete costs of “fueling” an electric vehicle for 10 years are $17.33 per equivalent gallon of gasoline, a new analysis from the Texas Public Policy Foundation says. The study authors say the $1.21 cost-per-gallon equivalent of charging a car cited by EV advocates excludes the real costs born by […]
Energy News Beat Xcel Energy is dedicating a bigger share of its Minnesota solar incentives to lower-income customers in response to a new state law. Since launching in 2014, Solar Rewards has provided financial incentives to help thousands of Minnesota homeowners pay for small solar installations. Over the past five years, state lawmakers, regulators, […]
Energy News Beat Authored by Doug French via The Mises Institute, Bloomberg reports that price inflation in Turkey was more than 60 percent in September. The 61.5 percent reading was released by the Turkish government’s statistical office. Being on the ground in Turkey for Hans-Hermann and Gülçin Hoppe’s Property and Freedom Society meeting, I can […]
Energy News Beat Daily Standup Top Stories Berkshire Cash Pile Hits All-Time High $157 Billion, As Buffett Sells A Record $38BN In Stock In Past Year November 5, 2023 Allen Santos Over the years, Warren Buffett has been opportunistic and “fluid” with his ideals and political opinions – he describes himself as a “democrat” yet without […]
Energy News Beat BAKERSFIELD, Calif. (KGET) — The City of Bakersfield’s plan that would ban gas stoves in new construction is dead — at least, for now — after a huge pushback from the community. The public feedback portion of the plan ended Aug. 31, and because of that feedback, the city of Bakersfield has […]
