Sources say that oil and gas traders and majors suspend their shipments via Hormuz due to US attacks on Iran.
Four trading sources reported on Saturday that some oil majors, as well as top trading houses, have suspended shipments of crude oil, fuel, and liquefied gas (LNG) via the Strait of Hormuza, after the U.S., Israel, and Iran attacked each other and Tehran responded. The tanker association INTERTANKO stated that the U.S. Navy warned against navigation within the operation area…
Acelen, a Mubadala company, will increase diesel production at Brazilian refinery Mataripe 10%
Celso Ferreira, the Chief Operations Officer of Mubadala's Acelen, said that it was aiming to increase the diesel production capacity at its Brazilian refinery Mataripe in June by 10% as part of its 143 million reais (?736 millions) investment plan for this year. Mataripe, Brazil’s second largest refinery, which accounts for 14% of the country’s capacity…
US Chemical Safety Board blames Pemex for fatal 2024 accident
According to the 'U.S. Department of Homeland Security,' the lack of a standard identifier for idle equipment at Pemex Deer Park refinery in Texas led to a poison gas release that killed two workers. Chemical Safety and Hazard Investigation Board released a report on Monday. The report stated that workers were preparing a de-inventory unit which was idled for future work on 10 October 2024…
Trump EPA will weaken the rule limiting harmful air toxins and mercury from coal plants
The Trump administration announced Friday that it would roll back clean air regulations that limit mercury and hazardous toxic pollutants from power plants. Public health groups warned it would harm America's most disadvantaged. The Environmental Protection Agency of President Donald Trump has stated that easing pollution standards would?alleviate the costs for utilities who run older coal-fired plants…
Trump EPA will weaken the rule limiting harmful air toxics and mercury from coal plants
The Trump administration announced Friday that it would roll back air regulations for power plant?limiting mercury, and hazardous air toxin at an?event? in Kentucky. It says this will boost baseload electricity but public health groups claim it will harm the health of America's most vulnerable populations. The EPA of President Donald Trump…
Canada boosts investments in Ukraine's Energy Sector
The two governments announced on Wednesday that Canada would increase its support for Ukraine's energy industry, working with the industry to provide?oil and gas equipment at favorable terms, as well as boost investments in renewable energy. As part of the full-scale invasion that began in February 2020, Russia has attacked power stations, gas installations, and electricity transmission lines.
EDF's costs are higher due to oversupply of electricity
EDF, the French nuclear operator, said that it would have to increase its maintenance costs by around 1.5 million euros to 3.75 millions euros per year because it has to reduce power in 'its nuclear reactors' to a'respond to an increased electricity supply and a slow demand. Around 70% of French power comes from nuclear energy, which accounts for about half of the state-owned EDF revenue.
Tesla executives announce that the company is expanding its solar strategy to include more employees.
According to senior executives, Tesla is currently hiring to help support Elon Musk’s plan to become the largest U.S. manufacturer for solar energy components. The posts indicate that 'the company is implementing Musk's vision to set up 100 gigawatts domestic solar production. Musk announced this goal?last?month. Seth Winger wrote, "This is a bold…
Tesla executives are hiring to support Musk’s solar expansion strategy
According to senior executives, Tesla is currently hiring to support Elon Musk’s recent announcement to become the largest U.S. producer of solar energy components. The posts indicate that 'the company is implementing Musk's vision to set up 100 gigawatts domestic solar production. Musk announced this goal?last? month. Seth Winger is Tesla's senior manager of solar product engineering.
Sources say that Japan's Mitsui is close to purchasing a stake in Qatar LNG Project.
Five sources said that Japan's Mitsui & Co. is on the verge of buying a stake, in the second phase, in QatarEnergy’s massive North Field project as it seeks a stable liquefied gas (LNG). The deal, if reached, would strengthen Japan's energy safety as it seeks to meet the increase in electricity demands from the artificial-intelligence boom using conventional fuels.
Sources: Mitsui Japan is close to a stake in Qatar LNG Project
Five sources said that Japan's Mitsui & Co. is on the verge of?buying a share in the second phase QatarEnergy’s massive North Field Project?in order to ensure a stable liquefied gas supply (LNG). The deal, if reached, would strengthen Japan's energy safety as it seeks to meet the increase in electricity demands from the artificial-intelligence boom using conventional fuels.
BP Whiting refinery workers are preparing for a possible strike after union talks fail
United ?Steelworkers is asking workers at BP's 440,000-barrel-per-day refinery ?in Whiting, Indiana, to prepare for ?a strike ?or lockout, the union said on Thursday after weeks of negotiations with the British oil major that did not yield results. The comments follow a vote by 98% of the?800 Whiting?refinery workers that the local USW represents to authorize a walkout. Eric Schultz is the president of USW 7-1.
Kazakhstan announces that oil production at Tengiz has resumed
The energy ministry announced on Saturday that oil production at Kazakhstan's massive Tengiz Oilfield has been restored, with five wells now operating again. Since the outage, production data for the largest field in Kazakhstan has been unavailable. Kazakhstan announced on Wednesday that it would restart the Tengiz Oilfield in stages. It aims to reach full production within a week.
Union rejects Marathon's Contract Offer
United Steelworkers rejected a comprehensive offer from Marathon Petroleum during talks to create a national model agreement for U.S. workers at refineries and chemical plants, the union said on Wednesday. USW and Marathon, the lead negotiators for energy companies, have a deadline of 12:01 am on Sunday morning to "hammer out" a new contract to the current four-year agreement.
Baker Hughes sees a significant revenue opportunity for Venezuela
Baker Hughes, an oilfield services company, said on Monday that there are significant revenue opportunities in Venezuela. The main considerations when operating there were safety, conditions for employees and clarity of legal and regulatory frameworks. The Houston-headquartered company has been working with authorities on Venezuela after the U.S.
SLB is about to increase its activities in Venezuela
SLB, an oilfield service company, said that it could increase its activities in Venezuela if the necessary licensing, safety parameters, and compliance measures were put into place. SLB was one of the oil companies who met with the White House in order to discuss investment opportunities in Venezuela following the ouster of President Nicolas Maduro by the U.S. in early January.
US Judge weighs Dominion's request to restart Virginia offshore Wind Project Stopped by Trump
In a lawsuit filed against the Trump administration, a federal judge will decide on Friday whether to allow Dominion Energy?to resume construction on its $11.2 billion Virginia offshore wind project. This hearing will be the third in a row this week that a federal judge will consider a challenge to an Interior Department order from December 22, filed by a developer of offshore wind.
China may require asset sales in the Rio Tinto-Glencore merge to win them over
The proposed tie-up of Rio?Tinto with Glencore may require asset sales in order to gain regulatory approval from China, the world's largest commodity buyer. China has long-standing concerns over resource security and market consolidation. Last week, the 'two mining giants' revealed that they are in early merger talks for the second year in a row.
Indonesian forces save 18 Freeport workers in Papua from rebels
Officials said that the Indonesian military rescued on Thursday 18 workers from Freeport Indonesia, a gold and copper mining company. The workers had been surrounded for three days by armed rebels at a Freeport Indonesia outpost located in Papua's insurgency-plagued region. Free Papua Movement, a rebel?group, says that it fights for the secession of a region from Indonesia.
US oil lobby group supports repeal of climate rule for vehicles but not power plants
According to its president, the American Petroleum Institute supports EPA's proposal to repeal greenhouse gas regulations for vehicles. However, it does not support the proposal for power plants and stationary industrial facilities. API President Mike Sommers' told reporters that "we would not support the repeal of the endangerment findings for stationary sources".