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America
Electric Vehicles
2023-12-11
Tesla Model Y Is Electrek's Vehicle of the Year
For 2023, Electrek has decided to make the Tesla Model Y its vehicle of the year. Well, it’s not as much us who decided, car buyers did.With Model Y becoming the first electric vehicle to become the best-selling car in the world and officially m
Biofuel
2023-12-11
Wasde Maintains Forecast for 2023-'24 Soybean Oil Use in Biofuel
The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Dec. 8. The expected price of soybean oil was revised down.According to the agency,
LNG
2023-12-11
Papua New Guinea in Advanced Talks With Chinese Banks to Fund Its Stakes in LNG Megaprojects
Papua New Guinea's state-owned petroleum company is in advanced talks with Chinese banks to help fund its stakes in the two major liquefied natural gas (LNG) projects in the country, a senior executive said on Monday.Kumul Petroleum is holding tal
Renewable Energy
2023-12-11
U.S. Department of Energy Announces Clean Energy Achievements at COP28
This week, U.S. Deputy Secretary of Energy David M. Turk traveled to Dubai, United Arab Emirates for the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP28), where he led the U.S. energy delegation. The Department of
Solar Panel
2023-12-09
Heliogen Tests Its Concentrated Solar Control Software at Sandia Labs
Concentrated solar power manufacturer Heliogen's demonstration facility in Lancaster, California. (Courtesy: Heliogen)Heliogen, a provider of AI-enabled concentrating solar energy technology, says it has demonstrated the effectiveness of its propr
Nuclear Power Plant (NPP)
2023-12-09
Gov.J.B. Pritzker Signs Measure Lifting Illinois' Moratorium on New Nuclear Power Plants
The Byron Nuclear Generating Station in Byron on Sept. 7, 2021. (Antonio Perez/Chicago Tribune)A nearly four-decade moratorium on the construction of nuclear plants in Illinois will end next year under a measure signed Friday by Gov. J.B. Pritzker, who ve
Natural Gas
2023-12-09
Exclusive: Venezuela Prods BP, Chevron to Revive Gas Project Near Trinidad, Guyana
Venezuelan President Nicolas Maduro gestures as he attends an event at the National Electoral Council (CNE) after voters in a referendum rejected the International Court of Justice's (ICJ) jurisdiction over the country's territorial disput
Carbon Emissions
2023-12-09
COP28: US-UAE Climate-Friendly Farming Effort Grows to $17 Bln
People on horses ride past a soy plantation affected by a long drought that finally ended this month by the arrival of rain, is pictured in a farm in 25 de Mayo, in the outskirts of Buenos Aires, Argentina January 24, 2022. REUTERS/Agustin Marcarian Acqui
Carbon Emissions
2023-12-09
COP28: US-UAE Climate-Friendly Farming Effort Grows to $17 Bln
People on horses ride past a soy plantation affected by a long drought that finally ended this month by the arrival of rain, is pictured in a farm in 25 de Mayo, in the outskirts of Buenos Aires, Argentina January 24, 2022. REUTERS/Agustin Marcarian Acqui
Oil & Gas Trade
2023-12-09
US Seeks to Buy Up to 3 Million Barrels of Oil for Strategic Petroleum Reserve
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Acquire Licensing RightsThe U.S. Department of Energy o
CCS
2023-12-09
Utility Company Dte Energy Sees Higher Profit in 2024
Utility firm DTE Energy (DTE.N) expects higher operating profit in 2024 and plans to explore small carbon capture storage projects next year, betting on revenue from its energy supply and trading business segments and higher electricity rates.The company
LNG
2023-12-09
Two Japan Energy Companies Seek US Approvals for Venture Global's CP2 LNG
Two Japanese energy companies, oil and gas producer Inpex Corp (1605.T) and power utility JERA, urged a U.S. energy regulator to give prompt approvals for Venture Global to begin construction on its CP2 LNG project in Louisiana.JERA's letter to th
United States
2023-12-09
U.S. LNG Developer Tellurian Ousts Co-founder Souki as Chairman
The logo of Tellurian Inc is seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsTellurian (TELL.A) ousted its chairman and co-founder Ch
Singapore
2023-12-08
Singapore Signs Carbon Credits Deal With Papua New Guinea
Singapore has signed its first carbon credits implementation agreement with Papua New Guinea, setting out a legally binding framework and processes for generating and transferring the credits, the city-state's trade ministry said on Friday."T
Coal Production
2023-12-08
Coal Generation Decreased in 2022, but Overall U.S. Emissions Increased
U.S. coal-related CO2 emissions decreased by 7%, or 68 million metric tons (MMmt), in 2022 relative to 2021. This decrease was largely due to an 8% decline in coal-fired power generation because of retiring coal-fired generating capacity. Changes in elect
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Japan Weighs Foreign Bank Financing for U.S. Gas Power Projects