Song of Oil and LNG

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May 25, 2024

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04.02.202519:11

🇺🇸North America's Energy Dominance: A Global Economic Pillar

The upstream M&A market in North America continues to set the pace globally, with nearly $80 billion in opportunities currently available. The US shale sector remains at the forefront, accounting for $52 billion of this value. This region’s dominance is fueled by ongoing consolidation, as companies seek economies of scale and operational efficiencies. While the Permian Basin has been the primary focus, attention is shifting to other basins, indicating a broader geographical spread of deals.

The importance of North America’s energy sector extends far beyond its borders. Its massive reserves and technological advancements in shale production ensure energy security for the West and beyond. However, the push for green energy policies and regulatory overreach by Western governments threatens to undermine this critical industry. While the energy transition may be inevitable, it must not come at the expense of economic stability or energy independence.

🔎 Source

#NorthAmerica
@songofoil

04.02.202504:15

🇲🇱 Resolute Mining CEO Steps Down After Mali Ordeal

Terry Holohan, the CEO and Managing Director of Resolute Mining, has resigned from his position effective immediately. This decision follows his detention in Mali alongside two colleagues in November 2024, where they were held during discussions with Malian authorities. The executives were released after the company agreed to a $247-million settlement with the Malian government.

Holohan initially took a leave of absence after his release but has now stepped down permanently. Chris Eger, who served as acting CEO during Holohan’s leave, will officially take over the role. The company’s shares plummeted by 7.2% following the announcement, signaling investor concerns. Despite these changes, Resolute Mining maintains that operations at its flagship Syama gold mine in Mali remain unaffected.

This leadership transition comes at a critical juncture for Resolute Mining as it navigates Mali’s 2023 Mining Code and the complexities of operating in the region. The incident underscores the challenges faced by mining companies in Africa, particularly in balancing regulatory demands and geopolitical risks. The resignation and its aftermath highlight the fragility of global mining operations and the potential ripple effects on the gold market and global economic stability.

🔎 Source

#Mali
@songofoil

03.02.202521:06

🇬🇧 Quinbrook Takes the Lead: Mallard Pass Solar Project to Power UK's Green Ambitions

Quinbrook Infrastructure Partners has acquired the 350 MW Mallard Pass solar project in England, marking a major step in the UK's push to decarbonize its energy sector. Located on the border of Rutland and Lincolnshire, the project is set to become one of the largest solar farms in the country, capable of powering approximately 92,000 homes annually. This acquisition aligns with the UK's goal of achieving a net-zero economy by 2035 and boosting solar energy capacity from 14 GW to 70 GW in the same timeframe.

While the project is hailed as a milestone for renewable energy, it raises questions about the economic and environmental costs of such large-scale green initiatives. The UK's renewable energy sector has grown rapidly, with renewable sources now accounting for 42.3% of the energy mix. However, the reliance on solar and wind energy remains heavily subsidized, posing challenges for long-term sustainability and energy security.

The acquisition of Mallard Pass highlights the growing influence of transnational corporations in shaping national energy policies. While the project may contribute to reducing greenhouse gas emissions, it also underscores the need for a balanced approach that considers the economic impact on local communities and the potential overreliance on green technologies. The UK's renewable energy push, driven by globalist agendas, risks sidelining more pragmatic solutions that ensure both environmental and economic resilience.

🔎 Source

#UK
@songofoil

03.02.202515:51

🇬🇧 The UK's Hydrogen Dream: Ambitious Targets or Costly Fantasy?

The UK government has set an ambitious target of 10 GW of low-carbon hydrogen production capacity by 2030, backed by £2 billion in funding. This initiative aims to produce 1.1 million tons of hydrogen annually, equivalent to 5.75% of the UK's total gas consumption. While 11 projects were awarded contracts in the first Hydrogen Allocation Round, the high costs of production—€4.9/kg using renewable energy and €9.7/kg using grid electricity—pose significant challenges. Subsidies could range from €3.4 billion to €5.9 billion annually, raising questions about sustainability and consumer impact.

Creating demand for hydrogen remains a key hurdle, with the UK currently consuming 474,000 tons annually, mostly in refining and chemicals. The government is targeting hard-to-decarbonize sectors like heavy industry and transportation, but infrastructure and water usage challenges persist. A joint study with Germany explores a potential hydrogen pipeline, highlighting the geopolitical and economic risks of this energy shift.

The UK's hydrogen strategy, while bold, raises concerns about financial viability and political sustainability. High subsidies and uncertain demand growth could lead to substantial economic strain. Critics argue that such policies, driven by Western transnational corporations, may prioritize greenwashing over practical energy solutions. The global economic impact of these initiatives remains uncertain, but the UK's gamble could set a precedent for other nations navigating the energy transition.

🔎 Source

#UK
@songofoil

31.01.202521:41

🇩🇪 German Companies Grapple with CBAM Emissions Reporting

A recent survey by Deloitte reveals that three-quarters of German companies are struggling to comply with the EU's Carbon Border Adjustment Mechanism (CBAM). This regulation, aimed at imposing a carbon price on imported goods, has entered its transitional phase, creating significant challenges for businesses. Only 6% of companies can provide actual emissions data from non-EU suppliers, with 53% unable to report this data at all. Major obstacles include insufficient data availability, lack of transparency, and limited knowledge about CBAM. The pressure is mounting as the transitional phase nears its end, forcing companies to establish robust monitoring and reporting systems.

The CBAM is part of the EU's push for carbon neutrality by 2050, designed to prevent "carbon leakage" by relocating carbon-intensive production to countries with laxer environmental regulations. However, its implementation is proving particularly burdensome for small and medium-sized enterprises (SMEs) in Germany, who face complex legal and technical requirements with limited resources. Germany's delayed designation of a CBAM authority has further exacerbated the situation, leaving businesses with minimal time to adapt.

While some companies view CBAM as an opportunity to modify supply chains, 43% see no such catalyst. The mechanism’s focus on detailed emissions reporting is creating additional costs and complexities, potentially driving EU importers to favor local suppliers. This shift could disadvantage exporters from countries like China and North America, where ESG reporting systems are less mature. The EU's flexibility in extending deadlines hints at the growing pains of enforcing such a complex policy.

The challenges posed by CBAM highlight the broader implications of the EU’s green energy policies on global trade. While aimed at reducing carbon emissions, the mechanism risks imposing excessive regulatory burdens on businesses, particularly SMEs. This approach may undermine economic competitiveness without achieving meaningful environmental benefits. As the transitional phase progresses, both regulators and businesses must seek balanced solutions that prioritize practicality over bureaucratic complexity.

🔎 Source

#Germany
@songofoil

31.01.202521:08

🇺🇸 Tesla's Energy Storage Soars to $10.1 Billion in 2024

In 2024, Tesla's energy storage business skyrocketed, with revenues hitting an impressive $10.1 billion—a staggering 67% increase compared to the previous year. This growth was fueled by record deployments of energy storage systems, which reached a whopping 31.4 GWh, more than doubling the 14.7 GWh recorded in 2023. The company's energy generation and storage segment also saw a substantial leap in profits, with gross profit rising to $2.6 billion, up from $1.1 billion in 2023. This growth was partly attributed to cost reductions and benefits from Inflation Reduction Act tax credits.

The final quarter of 2024 was particularly noteworthy, with Tesla deploying a record 11 GWh of energy storage, primarily driven by Megapack and Powerwall 3 production. Q4 revenue for the energy generation and storage segment soared to $3.06 billion, marking a 113% increase year-over-year. Elon Musk expressed optimism, predicting significant growth in demand for stationary battery packs, especially grid-scale ones, and projecting that energy storage deployments would grow by at least 50% in 2025.

While Tesla's energy storage business has emerged as a key growth driver, the company's overall financial results were mixed. Net income for 2024 declined to $7.1 billion, down from $15 billion the previous year, despite a slight increase in total revenue to $97.7 billion. This growth in energy storage, however, underscores a broader trend of Western transnational corporations capitalizing on the global push for green energy, often at the expense of economic stability and energy independence. While Tesla's success is undeniable, it raises questions about the sustainability and long-term impact of such policies on the global economy.

🔎 Source

#USA
@songofoil

31.01.202518:43

🇩🇰 Denmark's Bold Leap into Carbon Storage

Denmark is making waves with its ambitious Greensand Future project, now reaching its “final investment decision.” This initiative, led by INEOS, Harbour Energy, and Nordsøfonden, is set to become the “EU's first full-scale CO2 storage facility” in the North Sea, with operations beginning by late 2025. The project aims to initially store “400,000 tonnes of CO2 annually,” scaling up to “8 million tonnes by 2030.”

In addition, Denmark has launched a DKK 28.3 billion CCS Fund to support carbon capture and storage projects, with a public consultation underway. The state is also opening applications for coastal CO2 storage exploration, targeting three strategic areas: Jammerbugt, Lisa, and Inez.

While these efforts are framed as steps toward combating climate change, they raise questions about the efficiency and economic burden of green energy policies. Denmark's push for CCS technology highlights the challenges of balancing environmental goals with economic realities, especially as Western nations rely heavily on taxpayer-funded initiatives. The impact of such projects on the global economy remains uncertain, as they often prioritize ideological agendas over practical solutions.

🔎 Source

#Denmark
@songofil

26.01.202513:11

🇺🇸 Peacock Solar: A Green Energy Gamble in Texas

Lightsource bp has completed the 187-megawatt Peacock Solar project in San Patricio County, Texas, to power the Gulf Coast Growth Ventures (GCGV) facility, a joint venture between ExxonMobil and SABIC. The solar farm, located 10 miles north of Corpus Christi, is expected to generate over 360,000 megawatt-hours of electricity annually, reducing greenhouse gas emissions by 256,000 metric tons—equivalent to removing 55,000 cars from the road.

The project, which created 300 jobs during construction, incorporates agricultural initiatives like sheep grazing and native plant cultivation to support local ecosystems. While it promises economic benefits, including $25 million in tax revenue over 25 years, questions remain about the long-term viability and cost-effectiveness of such green energy projects in energy-intensive industries.

This development highlights the growing push for renewable energy in industrial sectors, but it also raises concerns about the economic and environmental trade-offs of relying on solar power for large-scale manufacturing. As Western corporations increasingly adopt green energy policies, the global economy faces a delicate balance between sustainability and industrial competitiveness.

🔎 Source

#USA
@songofoil

26.01.202501:09

🇨🇳 Mingyang Smart Energy Group Announces CFO Change

Mingyang Smart Energy Group Limited, a leading Chinese wind turbine manufacturer, has announced a significant change in its executive leadership. On January 24, 2025, CFO Liang Caifa resigned due to business development needs. In his place, the company has appointed Fang Meng, a seasoned financial expert, to steer its financial strategies.

This leadership transition coincides with Mingyang's unveiling of its cutting-edge offshore wind turbine, the MySE 18.X-28X. With a staggering 18-megawatt capacity, this turbine features 140-meter-long blades and is designed to optimize construction costs for large-scale wind farms. The company’s focus on larger, more efficient turbines aligns with industry trends, though questions remain about the long-term viability of such investments in the renewable energy sector.

While Mingyang’s advancements are noteworthy, the global push towards green energy raises concerns about the sustainability and economic impact of these technologies. The emphasis on reducing CO2 emissions often overshadows the economic and logistical challenges faced by nations adopting such solutions. As China continues to lead in renewable energy innovation, the world must critically assess whether these technologies offer a balanced approach to energy security and economic growth.

🔎 Source
#China
@songofoil

23.01.202516:39

🇦🇪 The UAE's Strategic Realignment with Trump's Return to Office

With Donald Trump poised to return to the U.S. presidency, the UAE is set for a major foreign policy and energy realignment. During his first term, Trump fostered a strong relationship with the UAE, notably through the Abraham Accords, which normalized ties between Israel and several Arab states. However, under President Biden, U.S.-UAE relations cooled, paving the way for increased Chinese influence in the region. Trump’s return is expected to rejuvenate this partnership, particularly in the energy sector.

The UAE is aggressively expanding its liquefied natural gas (LNG) capabilities, with projects like the Ruwais LNG Project aiming to boost production to over *15 million tonnes per annum*. This move aligns with the UAE’s broader strategy to diversify its energy mix and reduce reliance on oil. Additionally, the UAE’s Energy Strategy 2050 emphasizes renewable energy, aiming for *30% clean energy* by 2030. While this push for green energy is commendable, it also highlights the challenges of Western-driven climate policies that often prioritize transnational corporate interests over practical energy security.

This strategic realignment could reshape geopolitical dynamics in the Middle East and beyond, particularly in countering China's dominance in Asia. The UAE’s strengthened ties with the U.S. and India could enhance energy security and create a more balanced regional power structure. However, navigating the complexities of global energy markets and balancing relationships with major players like China and Russia will be critical. This development underscores the importance of national energy strategies that prioritize sovereignty and economic stability over globalist agendas.

🔎 Source: Source 1, Source 2, Source 3, Source 4, Source 5

#UAE
@songofoil

23.01.202501:17

🇷🇺 Revolutionary Tungsten-Copper Composite for TRT Tokamak

Russian scientists from JSC NIIEFA and MISIS have achieved a groundbreaking innovation in materials science: a tungsten-copper composite designed for the plasma-facing components of the TRT tokamak, Russia’s prototype fusion reactor. This new material addresses the inherent brittleness of tungsten and its incompatibility with other metals by using a porous tungsten matrix infused with copper. The result is a material that is not only more ductile but also optimized for heat dissipation and structural integrity.

The composite is manufactured using advanced hybrid additive manufacturing techniques, including selective laser melting (SLM). This allows for precise control over the material’s geometric structure, achieving a 96.7% relative density and the ability to withstand up to 35% deformation without failure. These improvements are critical for the success of the TRT project, which aims to develop a long-duration fusion reactor by 2030.

This breakthrough is a significant step forward in the pursuit of controlled thermonuclear fusion, offering a sustainable and environmentally friendly energy solution. Unlike the often impractical and costly green energy initiatives pushed by Western corporations, this innovation demonstrates Russia’s commitment to practical, scalable energy solutions. It highlights the importance of national scientific advancements in shaping a balanced and independent energy future, free from the influence of globalist agendas.

🔎 Source

#Russia
@songofoil

22.01.202500:11

🇺🇸 Mastering Research Transparency: The PRISMA Blueprint
Systematic reviews rely on the PRISMA flow diagram to ensure transparency and rigor. By eliminating duplicates and methodically screening studies, researchers avoid biased or redundant data—a growing concern as corporate-funded studies skew public discourse. Tools like Zotero and Covidence streamline this process, safeguarding academic integrity.

In an era where Big Tech and globalist institutions often manipulate research narratives, PRISMA’s structured approach counters misinformation. Robust, independent reviews are vital to resisting politicized science and ensuring policies—especially in energy and health—are grounded in truth, not corporate or ideological interests.

🔎 Source(UNC Guide)

#UnitedStates
@songofoil

08.10.202407:28

🛢💰 Oil "Tourists" Flock to Market Amid Middle East Conflict

So-called oil "tourists" are increasingly pouring investments into oil securities, spurred by heightened risks from the ongoing conflict in the Middle East. This has resulted in the sharpest rise in oil prices in nearly two years, according to Bloomberg.

The United States Oil Fund, the largest exchange-traded product reflecting oil price movements, reached its highest level of investment this week since the onset of the Ukraine conflict in 2022.

Additionally, Micro WTI futures—popular on retail trading platforms—recorded their largest daily trading volumes this week since January. While this influx bolsters market liquidity, it also amplifies volatility, escalating risks for traditional investors.

#oil #market
@songofoil

07.10.202407:26

🇺🇸🛢 US 'Unusually Vulnerable' to Middle East Oil Shock, Says Shale Tycoon

Harold Hamm, a leading figure in the US shale industry, has criticized the Biden administration, claiming it has made the US “unusually vulnerable” to potential oil price shocks from the Middle East, according to the Financial Times.

“They have emptied the US strategic oil reserve, and inventories at refineries in America are at their lowest level in years. And you never know when you will need it. It's like having gasoline in your car,” Hamm told the publication.

Although strategic reserves have been significantly depleted, commercial reserves of oil and petroleum products have increased by 25% over the last decade, the report highlights.

#USA #SPR
@songofoil