Day: August 28, 2020

China Sees Record-Breaking Electricity Consumption In August

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China’s electricity consumption hit a record this month after rising steadily since the start of summer, the People’s Daily reported, noting that the trend suggested a robust recovery in economic activity in Asia’s second-largest economy. Electricity consumption in the manufacturing sector has specifically posted a marked recovery since July, reversing a negative consumption trend from the first half of the year. In even better news, electricity consumption in the consumer goods production sector rose by as much as 46.1 percent during the second quarter of the year, signaling expectations of…

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North Sea Oil Faces A Drilling Rig Supply Crunch

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The oil price collapse and deferred drilling campaigns have shrunk the available supply of drilling rigs in the North Sea to the point where operators now face a supply crunch for semisubmersible rigs for next year’s drilling campaigns off the UK, offshore rig brokerage and advisory Bassoe Offshore said in a recent analysis. The price crash and the capital expenditure (capex) cuts from exploration and production (E&P) companies have impacted the drilling rig market with less work contracted with offshore drilling providers than initially anticipated. This has caused drilling rig contractors in…

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Canada Set To Build $23 Million Rare Earth Plant

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Canada will have rare earth processing plant in operation by the end of 2022 as the province of Saskatchewan has committed C$31 million (about $24m) to build the facility, which aims at boosting domestic supply of the key ingredients for military weapons, electric vehicles and smartphones. The process of turning rare earth elements (REE) ore into individual products is done in two main stages. The first is the concentration of ore to mixed REE Carbonate. The second is the more complex separation stage that converts the mixed REE Carbonate to commercial…

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Is A Major Oil Price Breakout On The Horizon?

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U.S. West Texas Intermediate crude oil futures are trading slightly better on Friday as Hurricane Laura moved beyond the heart of the U.S. oil industry in Louisiana and Texas without causing any major damage to production and refining facilities. With refineries spared from feared massive flooding, the initial assessment shows no damage to the upstream or downstream facilities. Additionally, crude oil has given back most of the storm premium and could return to its elongated holding pattern. U.S. Energy Information Administration Weekly Inventories Report On Wednesday, the EIA reported a…

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Climate Crisis: Ideas for Investigative Journalists

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This GIJN resource page aims to encourage more investigative reporting about the climate crisis. In Part 1, we begin with articles that provide concrete suggestions for investigative projects. In Part 2, we have collected challenging commentaries on how the media has handled climate change and what it should be doing better. In Part 3, we provide links to some useful resources aimed at journalists. We welcome suggestions for expanding this resource. Please write to us here. Part 1: Investigative Journalism and Climate Change Climate Change: Investigating the Story of the Century,written by…

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