Almost five years ago we predicted that electricity sales would start to grow again and that utility capital expenditures would soar. And we said that the industry was not spending enough. Apart from patting ourselves on the back, here are the latest numbers confirming our long-held view. Figure 1 shows the five-year spending of investor-owned utilities (IOUs) on electric plants in current dollars. Note how the numbers peaked in the early eighties, fell off, and finally picked up in this century. More meaningfully, Figure 2 shows the five-year…

The FBI has been investigating a longtime Exxon Mobil (NYSE:XOM) consultant over the contractor's alleged role in a hack-and-leak operation that targeted emails by environmentalists critical of Exxon Mobil’s role in climate change, Reuters has reported exclusively.  The multi-year operation involved hackers who breached email accounts of environmental activists and others. The scheme allegedly began in late 2015, when U.S. authorities contended that the names of the hacking targets were compiled by the DCI Group, a public affairs and…

The FBI has been investigating a longtime Exxon Mobil (NYSE:XOM) consultant over the contractor's alleged role in a hack-and-leak operation that targeted emails by environmentalists critical of Exxon Mobil’s role in climate change, Reuters has reported exclusively.  The multi-year operation involved hackers who breached email accounts of environmental activists and others. The scheme allegedly began in late 2015, when U.S. authorities contended that the names of the hacking targets were compiled by the DCI Group, a public affairs and…

The FBI has been investigating a longtime Exxon Mobil (NYSE:XOM) consultant over the contractor's alleged role in a hack-and-leak operation that targeted emails by environmentalists critical of Exxon Mobil’s role in climate change, Reuters has reported exclusively.  The multi-year operation involved hackers who breached email accounts of environmental activists and others. The scheme allegedly began in late 2015, when U.S. authorities contended that the names of the hacking targets were compiled by the DCI Group, a public affairs and…

27 de noviembre de 2024.- Un alto el fuego entre Israel y Hezbollah entró en vigor este día en Líbano en medio de esperanzas de que la tregua ponga fin permanente a más de un año de combates en el sur del Líbano y el norte de Israel. Menos de una hora antes de entrar en vigor el alto el fuego, I...

A cease-fire deal has ended over a year of fighting between Israel and Hezbollah, the Lebanese armed group and political party. The U.S.-brokered agreement is a major victory for Israel, which has achieved its key war aims, experts say. Israel has eroded Hezbollah as a military power as well as a political and economic force in Lebanon. Israel has also succeeded in decoupling Hezbollah's rocket and missile attacks on Israel from the Gaza war. The Iran-backed group began its attacks soon after Israel's air and ground invasion…

Es 27 de noviembre, mes 11 del 2024. Es el día número 332 del año (bisiesto) y faltan 34 días para su terminación, pues tiene 366 días. Hoy es miércoles. Los años bisiestos se presentan cada cuatro años en los que se añade un día más a febrero (29 F) y el año es de 366 días.

27 de noviembre de 2024.- Este miércoles 27 de noviembre hasta el 29 del presente mes, bajo el lema “Crecer en la unidad”, se realizará el VII Congreso Internacional de Saberes Africanos y del Sur Global, en la sede de la Fundación Salvador Allende de la Universidad de las Ciencias y la Salud, ubica...

China’s large industrial firms reported a 10 % Y/Y decline in profits in October, with the property and retail sectors hit the hardest, the National Bureau of Statistics in Beijing said on Wednesday. Total profits for the first 10 months of the current year fell 4.3% Y/Y to 5.87 trillion yuan (US$810.9 billion), worse than the 3.5 per cent drop recorded in the first nine months. China’s oil and steel industries are deeply in the red: the cumulative losses in the world’s biggest steel industry hit 34 billion yuan (S$4.76 billion)…

The UK government is set to review electric vehicle (EV) sales rules through a "fast track" consultation, following pressure from carmakers who argue that current sales targets are too ambitious given weaker-than-expected demand, according to the BBC.  Business Secretary Jonathan Reynolds is expected to announce the consultation at the Society of Motor Manufacturers and Traders’ annual dinner on Tuesday. Under existing rules, EVs must account for 22% of car sales and 10% of van sales this year, with non-compliance resulting in £15,000…

27 de noviembre de 2024.-El expresidente brasileño Jair Bolsonaro tuvo "plena conciencia y participación activa" de un frustrado plan de golpe de Estado en 2022 para impedir la asunción de Luiz Inacio Lula da Silva, según una investigación policial divulgada este martes. El líder ult...

The military regime in Mali has arrested four senior employees of a Canadian mining company as it continues to detain workers to pressure companies in the West African mining sector to pay millions in additional taxes. Barrick Gold (NYSE:GOLD) has revealed that four employees of its Loulo-Gounkoto mining complex in Mali have been detained pending trial, as a dispute over its local mining operations escalates. The giant gold miner says it will continue to engage with Mali's government to find an amicable settlement and ensure sustainable operations…

The military regime in Mali has arrested four senior employees of a Canadian mining company as it continues to detain workers to pressure companies in the West African mining sector to pay millions in additional taxes. Barrick Gold (NYSE:GOLD) has revealed that four employees of its Loulo-Gounkoto mining complex in Mali have been detained pending trial, as a dispute over its local mining operations escalates. The giant gold miner says it will continue to engage with Mali's government to find an amicable settlement and ensure sustainable operations…

As governments worldwide put increasing pressure on oil and gas companies to decarbonize, many have responded by pledging to expand their renewable energy portfolios and cut emissions in fossil fuel operations. However, despite big promises, little progress is being seen by most oil and gas majors, which suggests some might have so far overstated their commitment to a green transition.  In 2020, during the COVID-19 pandemic, when the global demand for oil sunk to a record low, several oil and gas companies turned their attention to renewable…

27 de noviembre de 2024.- Al menos dos caravanas avanzan por la costa de Chiapas y Oaxaca en busca de llegar al centro y norte de México. Cientos de migrantes ilegales salieron el pasado miércoles de la ciudad mexicana de Tapachula con la intención de llegar a la frontera con Estados Unidos antes...

27 de noviembre de 2024.- Organismos de seguridad detuvieron a 10 militares acusados de traición a la patria, entre otros delitos. Los detenidos son un oficial general, 3 oficiales superiores, 2 oficiales subalternos y 4 efectivos de tropa profesional, según fuentes castrenses. Uno de los dete...

Abu Dhabi’s oil company ADNOC is launching a new firm, XRG, which will be an international lower-carbon energy and chemicals investment company with an enterprise value of over $80 billion, the company pumping nearly all the oil of the United Arab Emirates (UAE) said on Wednesday. XRG will formally commence activities in the first quarter of 2025. Initially, XRG will focus on transformational global investments that create value across natural gas, chemicals, and lower-carbon energy solutions, ADNOC said in a statement. The independently…

Abu Dhabi’s oil company ADNOC is launching a new firm, XRG, which will be an international lower-carbon energy and chemicals investment company with an enterprise value of over $80 billion, the company pumping nearly all the oil of the United Arab Emirates (UAE) said on Wednesday. XRG will formally commence activities in the first quarter of 2025. Initially, XRG will focus on transformational global investments that create value across natural gas, chemicals, and lower-carbon energy solutions, ADNOC said in a statement. The independently…

Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory draw of 1.8 million barrels for the week to November 22. The change compared with a draw of 5.9 million barrels for the reported week as estimated by the American Petroleum Institute. It also followed an estimated inventory build of a modest half a million barrels for the previous week.  The partial confirmation of the API estimate will likely push prices higher but it would be countered by fuel inventory changes. In these, the EIA estimated…

Following the end of autumn maintenance season at refineries, Russia’s shipments of refined petroleum products have surged so far in November to their highest level in eight months, data compiled by Bloomberg showed on Wednesday. During the first 20 days of November, Russian fuel exports by sea averaged 2.3 million barrels per day (bpd), up by 18% compared to October, according to Bloomberg’s estimates on data compiled from analytics firm Vortexa. The surge in refined product exports came as several refineries returned from maintenance,…