Energy updates

** The Scheduled Special Meeting of the Oklahoma Space Industry Development Authority (OSIDA) scheduled for November 1st, 2023 has been cancelled.

** Cheniere Energy Partners, L.P.declared a cash distribution of $1.03 per common unit to unitholders of record as of November 6, 2023, comprised of a base amount equal to $0.775 and a variable amount equal to $0.255, and the related distribution to its general partner. These distributions are payable on November 14, 2023.

** Federal judges deny a request by landowners along the Mountain Valley Pipeline to halt construction until their eminent domain cases can be resolved.

** The rise of electric cars will cause an increase in traffic jams across the country, new analysis conducted by the Government shows. The revelation has emerged as part of research into the benefits of EVs, which are set to account for four in every five vehicles sold in the UK by the end of the decade.

** California Governor  wrapped up his China tour with a visit to Tesla Inc.’s Shanghai factory, taking in the carmaker’s general assembly line and a battery-pack facility, according to a statement from his office.

** Cummins Inc. predicts its new 15-liter natural gas engine designed for heavy-duty and on-highway applications could lead to a five-fold growth in customers for the alternative powertrain. It overcomes complaints about low power and torque and can run on potentially net-zero carbon renewable natural gas (RNG).


** Egypt’s natural gas imports have ground to a halt, the cabinet said Sunday, in a development that reflects the impact of the Gaza conflict on the North African nation and could dash hopes of a resumption of exports to Europe.

** Russia is counting on a planned new pipeline to China as it seeks to make up for lost gas sales in Europe, but industry insiders see major risks around the project and question whether it will justify the huge costs.

** Chevron Corporation (NYSE:CVX) will increase its dividend from last year’s comparable payment on the 11th of December to $1.51. Based on this payment, the dividend yield for the company will be 4.2%, which is fairly typical for the industry.

** The approval of 27 new drilling licenses in the North Sea has been hailed as a victory by Energy Minister Claire Coutinho, who said it will reduce Britain’s reliance on expensive imports.

** Germany is eyeing imports of natural gas from Nigeria in an effort to secure and diversify its energy supply, Chancellor  said during a visit to the country.

** Ukraine does not intend to extend the Russian gas transit contract after it expires at the end of 2024, , chairman of the state-owned oil and gas company Naftogaz, said in an interview with Radio Liberty published on Oct. 28.