China's coal production in September rose 4.4% due to safety improvements and chemical industry demand
Data from the Statistics Bureau showed that China's coal production rose by 4.4% in September compared to the same period last year, following safety inspections completed earlier this year and increased coal-tochemicals capacity. The September output increased to 414.46 millions metric tons from 396.55 millions tons in August. According to the mine safety administration of Shanxi…
ADM accused for misconduct and lack of safety inspections following explosion that injured US worker
Archer-Daniels-Midland Co intentionally failed to test and maintain safety systems on its grain equipment for years, which contributed to an explosion that immolated a worker and put him in a coma last year, according to a lawsuit filed against the company. The explosion is part of a series of safety incidents that have occurred at ADM's facilities in Decatur (Illinois)…
Voters in British Columbia's provincial election are focused on affordability and healthcare.
British Columbia, Canada's most western province, is preparing to elect its provincial government on October 19. Polls indicate that the incumbent New Democratic Party holds a narrow lead over the main rival Conservative Party. The provincial elections will be closely watched for clues as to how Canadians might vote at the federal election that is due to occur within the next 12 months…
Canada regulator suspends Imperial's application to extend Norman Wells oil permits
The Canada Energy Regulator announced on Tuesday that Imperial Oil has put its application to extend life of the remote Norman Wells oil-and-gas facility in Canada's Northwest Territories on hold until a report on environmental assessment is completed. The Norman Wells site is located on nine islands, both natural and artificial in the Mackenzie River (Canada's longest river) and near the town of Norman Wells.
Mexican officials reassure investors at bilateral business summit
Mexican officials called for safety and stability of private investment after a summit held with business leaders on Tuesday. Fears about constitutional reforms were the main topic. According to Economy Minister Marcelo Ebrard, Amazon, Mexico Pacific and Woodside Energy will make significant investments into the country over the next 12 months.
The legal limit for toxic gas released by Pemex near Houston, Texas was exceeded in hours-long leakage of toxic gas
Pemex, the Mexican state-owned oil refinery, reported to Texas regulators that it released 43,500 lbs of highly toxic hydrogen sulfur gas in an incident that killed one person earlier this week. Two contract workers were killed and 35 injured in an accident that occurred on Thursday at a refinery. According to Pemex’s initial report submitted to the Texas Commission on Environmental Quality on October 10…
Pemex's Deer Park refinery reduces operations following fatal accident
The Deer Park refinery of the Mexican national oil company Pemex, near Houston, will be operating at a reduced level this weekend following a deadly leak two days ago. The state-owned oil company added that it continues to investigate the cause of last Thursday's hydrogen sulfide gas leak that killed two contract workers while injuring 35 others during work on a unit at the 312,500-barrel-per-day (bpd) refinery.
Pemex reports two deaths and five injuries from an oil leakage at a refinery in Texas
Two people were believed to have died and five were being treated for injuries on Thursday after a chemical release at Pemex's 312,500-barrels-per-day Deer Park oil refinery in Texas, the Mexican national oil company said. According to two anonymous sources familiar with the refinery's operations, a contractor who worked there is believed to be the one responsible for opening a hydrogen sulfide line.
New Industry Minister: Japan will keep nuclear but boost renewables as part of its energy mix
Japan will continue to restart nuclear power plants safely and use as much renewable electricity as possible, said Industry Minister Yojimuto on Wednesday. This indicates that the policy of newly appointed Prime Minister ShigeruIshiba is not likely to change significantly. Ishiba had promised to eliminate nuclear power before he was elected leader of the Liberal Democratic Party. He was sworn into office on Tuesday.
Copper output at Freeport's Manyar smelter delayed until November
Two sources familiar with the situation said that due to leakages of water and steam during an initial testing period, copper production at Freeport McMoRan’s giant Manyar smelter will be delayed until late November. Analysts expect that new supplies will be available soon. If the $3.7 billion smelter is delayed, it could support the price.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Le Monde reported that France's new Premier Michel Barnier was considering a temporary rise in corporate tax for the biggest companies of France, as well as taxation on share buybacks. Bloomberg News, citing sources familiar with the issue…
Wall Street Journal Sept. 27
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. U.S. Antitrust enforcers will bar Hess CEO John Hess joining the board at Chevron in a deal that approves a $53 Billion tie-up between Hess & Chevron. Accident investigators from the National Transportation…
HydroWing Technololgy Works, says Dadd
Inyanga Marine Energy Group completed hydrodynamic testing of its Passive Pitch Unit for its patented HydroWing technology, which was recently awarded the largest tidal energy project in the UK in Allocation Round 6 of the UK government’s Contracts for Difference scheme and the company is now on course for deploying a 20MW tidal energy project at Morlais in Wales…
As a major hurricane approaches, oil companies are evacuating their staff from the Gulf of Mexico.
On Monday, U.S. producers of oil scrambled to evacuate their staff from offshore oil fields in the Gulf of Mexico as the second major storm to hit in two weeks is predicted to ravage them. The U.S. National Hurricane Center stated that a potential Tropical Cyclone over the warm waters of the Gulf could rapidly intensify and become a major Hurricane with winds up to 115 mph (185 kph).
As Russia attacks Ukraine's energy infrastructure, the price of gas in Europe is rising.
The Dutch and British wholesale prices of gas closed higher on Monday amid concerns about supply as Russia fired missiles against energy infrastructure in Sumy, a city located north-east Ukraine. LSEG data show that the benchmark front-month contract for the Dutch TTF hub at 1600 GMT was 1.17 euros higher, at 35.37 Euros per Megawatt Hour (MWH), which is $11.81 mmBtu.
Rural towns in New Mexico's arid region are looking to treated oil wastewater for a drought solution.
Stephen Aldridge, a pilot of a four-seater helicopter, could see a dozen lagoons filled with toxic waste glistening in the distance between drill rigs. The mayor of Jal, a tiny town nestled in the middle of U.S. Oil Country near the Texas border, saw the scene as a chance to find water for the state that is suffering from a worsening drought.
Lower renewables output lifts spot prices
German renewable energy generation is expected to fall on Wednesday. Marcus Eriksson, LSEG analyst, says that residual load will increase in Germany Wednesday. Exports are expected to peak at mid-morning, and imports afterward. LSEG data show that German baseload day-ahead power jumped 48.3%, to 86 Euro per Megawatt Hour (MWh), by 0857 GMT. The French equivalent contract increased by 20.8%, to 50.75 Euros/MWh.
Developments in Clean Hydrogen Production
The recent release of proposed regulations to the Clean Hydrogen Production Credit by the U.S. Department of the Treasury and IRS has stirred significant interest in the energy sector. These changes mark a pivotal moment in advancing towards a cleaner, more sustainable energy economy. Ongoing review and analysis will be crucial as stakeholders adapt to these regulations…
EU tightens hydrogen subsidy regulations after China concerns
After local industries expressed concerns about cheap Chinese imports and the EU's climate change policy head, said Monday, that the European Commission is working to tighten rules so that EU funding for projects involving hydrogen benefits European companies. This month, the EU will launch its second round of funding to support green hydrogen projects.
EU tightens hydrogen subsidy regulations after China concerns
After local industries expressed concerns about cheap Chinese imports and the EU's climate change policy head, said Monday, that the European Commission is working to tighten rules so that EU funding for projects involving hydrogen benefits European companies. This month, the EU will launch its second round of funding to support green hydrogen projects.
