** An estimated 1.1 million gallons of crude oil have spilled into the Gulf of Mexico since Nov. 16, with emergency officials scrambling for nearly a week to locate the source of the leak and determine whether an underwater pipeline had ruptured off the Louisiana coast.
** Occidental Petroleum Corp, W&T Offshore Inc and Talos Energy are among oil drillers that shut offshore production following an oil spill that’s shaping up to be the largest in the US since the Deepwater Horizon disaster.
** New Jersey will prohibit the sale of new gasoline-powered vehicles by 2035 as part of an effort to improve air quality and reduce planet-warming pollutants, officials announced this week.
** Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers union.
** An October report by the Texas Public Policy Foundation found that, after accounting for all of the hidden costs involved in owning an EV, that price becomes much more significant than an internal combustion engine (ICE) vehicle. Adding in the costs of government subsidies, charging equipment and the added strain on the electric grid, the report says that the “true cost of fueling an EV would equate to an EV owner paying $17.33 per gallon of gasoline.”
** The Idaho National Laboratory (INL), a US government nuclear research center that works on the development, demonstration, and deployment of nuclear energy, has confirmed suffering a cyberattack and data theft.
World
** OPEC+ delayed its meeting to discuss possible oil production cuts until Nov. 30.
** Lithium extended an almost monthlong run of declines, taking its drop this year to 75%, with expectations the rout in the electric-vehicle battery metal is far from over.
** Nigerian and German companies have signed two accords in Berlin that include a $500 million renewable energy pact and a gas export deal, further strengthening economic ties between the two nations, a presidential spokesperson said.
** Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, the start of a levy that’s almost certainly going to rise as the continent steps up efforts to combat climate change.
** Shell plc’s SHEL subsidiary, Shell Egypt, made a significant natural gas discovery in the North East El-Amriya block of the Mediterranean Sea. This momentous achievement marks the culmination of drilling operations at the Mina West-1X exploratory well, the first of three wells planned for the Mina West exploration project.
** The global oil and gas industry will need to cut production in order to limit global warming to 1.5°C by the end of this century, according to a new report from the International Energy Agency (IEA).
