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Month: September 2021

Category:
  • LNG

‘Carbon Neutral’ LNG Demand Soars in Asia Despite Criticism

Liquefied natural gas shipments tagged “carbon neutral” are gaining popularity among Asian buyers, despite criticism that the offsets used to justify the label don’t actually cancel out planet-warming emissions generated Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • Venezuela

China Sees Opportunity As Venezuela’s Oil Industry Hits Rock Bottom

Venezuela’s near-collapse and strict U.S. sanctions are creating an opportunity for Russia, Iran and China to strengthen their presence in Latin America, a region that for decades has been under Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • Mexico

Mexico Lowers Pemex Oil Output Forecast After Platform Woes

Mexico cut its forecast for oil production at Petroleos Mexicanos next year and reduced its tax burden after a string of accidents at offshore platforms signaled the highly indebted state Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • China

Chinese Coal Prices Hit Record Highs

Remember when China vowed last year to hit peak carbon emissions in 2030 and to reach carbon neutrality in 2060? Maybe it will (spoiler alert: it won’t)… … but long Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • Australia
  • Natural Gas Supply

Significant Onshore Australia Gas Discovery Made

Mineral Resources Limited revealed that recent drilling activity led to a ‘significant’ gas discovery at the Lockyer Deep 1 project in the onshore Perth Basin, Australia. Mineral Resources Limited (MRL) Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • Solar
  • USA

Biden solar energy goals may depend on Ohio factory

On the outskirts of Toledo, a short drive from Interstate 90, thousands of glass panels rumble along assembly lines at a factory that will help determine whether the Biden administration Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • Prices

Natural Gas Jumps to 7-Year High as Winter Supply Worries Mount

U.S. natural gas futures soared to a seven-year high amid escalating concerns about tight supplies heading into the winter-heating season. Gas prices are soaring across the northern hemisphere as anxiety Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • USA

U.S. economy “downshifted slightly” in August -Fed’s Beige Book

The U.S. economy “downshifted slightly” in August as the renewed surge of the coronavirus hit dining, travel and tourism, the Federal Reserve reported Wednesday, but the economy overall remained in Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Three-quarters of U.S. Gulf of Mexico oil output remains shut

More than three-quarters of the U.S. Gulf of Mexico’s offshore oil and natural gas output remained shut on Wednesday as the fallout from Hurricane Ida continued to hamper production. Some Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple
Category:
  • Nuclear

U.S. university, energy firm hail test of energy fusion project

Massachusetts Institute of Technology and Commonwealth Fusion Systems successfully tested the world’s most powerful high-temperature superconducting magnet in a step toward building a fusion power plant to generate carbon-free power. Continue Reading

Posted On : 9 Sep 2021 Published By : Tom Whipple

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