Energy quick reads

** The Biden administration approved Louisiana’s bid to take the lead role in vetting and overseeing carbon dioxide storage wells in the state, a blow to environmentalists and some local residents who battled the plan.

** NextEra Energy Partners, LP NEP completed the previously announced sale of its Texas natural gas pipeline portfolio for $1.815 billion to Kinder Morgan, Inc. KMI.

** Federal regulators have lessened the severity of their warning about cracks discovered in a backup emergency fuel line at a South Carolina nuclear plant northwest of the state capital.

** California’s Fisker said on Friday its electric vehicle deliveries jumped more than four-fold during the final quarter, helping it hand over about 4,700 vehicles for the year. The rise in quarterly sales volume was primarily driven by strong demand for the Fisker Ocean SUV, priced at about $69,000, the company said.

** California hopes its stringent rules combined with financial support — truck purchase grants from state agencies can total as much as $288,000 per vehicle, operators say — will help spur truckers, automakers, warehouse landlords, utilities and charging companies to make the investments needed to create a carbon-free port truck sector by 2035, when all diesel trucks will be banned from the ports.


** Huawei Technologies Co.’s revenue surged 9% in 2023, capping a dramatic year for a Chinese technology powerhouse that challenged Apple Inc. and US sanctions with a surprise breakthrough in chip technology.

** Canadians will need at least five years of “very heavy” financial incentives from Ottawa and the provinces in order to keep electric vehicles (EVs) sales growing at today’s pace, say consultants at global accounting firm Ernst & Young (EY).

** Venezuela’s state oil company said that an oil spill at a refinery on the country’s western coastline was no longer “active” and that more than 80 percent of the affected area had been cleaned up.

** German gas storage facilities are all but full as the heart of winter approaches, with levels equivalent to between two and three months worth of average winter consumption, the European Gas Storage Inventory (GIE) reported from Brussels on Friday.