National
• Boeing on Monday launched a stock offering that could raise up to $19 billion as the plane maker looks to strengthen its finances squeezed by an over monthlong strike by its workers and preserve its investment-grade credit rating.
• Campaign spending by ethanol producers related to a South Dakota carbon pipeline ballot measure far outweighs spending by farming interests and climate advocates ahead of the Nov. 5 vote.
• Baker Hughes, an energy technology company, announced Monday significant contracts with Petrobras to provide 77 km (47.8 miles) of flexible pipe systems to be deployed in Brazil’s pre-salt fields. The agreement was signed Oct. 15, 2024, following an open tender.
• Virginia residents begin to organize against newly announced plans for a 3,500 MW natural gas-fired power plant that would be built alongside a data center complex and tap into the Mountain Valley Pipeline.
• U.S. Sen. Joe Manchin (I-W.Va.) announces $44 million in federal money for a carbon storage hub in West Virginia and Ohio.
• The Federal Energy Regulatory Commission gave an ExxonMobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant. The extension was granted due to delays caused when lead construction contractor Zachry Holdings filed for bankruptcy in March, according to a Federal Energy Regulatory Commission filing.
• The owner and manager of the cargo ship that caused the Baltimore bridge collapse have agreed to pay more than $100 million to settle a lawsuit brought by the Justice Department, officials said. World
• China renewed warnings to the European Union that if the bloc conducts separate negotiations with electric vehicle companies while in talks with China, that would “shake mutual trust” and interfere with the overall negotiations, Chinese commerce ministry said on Monday.
• Plans to shut down a vital terminal in the North Sea have sparked a bitter legal row over claims it will damage the UK’s oil and gas production. The proposal by French energy giant TotalEnergies to decommission the Gryphon terminal, which serves four offshore oil and gas fields, has triggered a claim from a rival operator.
• An overturned fuel tanker exploded in Majia, Jigawa State, northern Nigeria, resulting in the deaths of at least 153 individuals and injuring more than 100 others on the night of October 15, 2024. The tanker tipped over on a major highway, causing locals to rush to the scene to gather the spilling gasoline that was flowing into a nearby drainage ditch.
• The European Commission is offering 85 net-zero projects a share of €4.8 billion ($5.2 billion) in grants from the latest round of the EU Innovation Fund. Some of the projects will contribute to 3 GW of new solar manufacturing capacity.
• Cuba’s large-scale blackouts that left 10 million people without power this month may not have happened if the government had built out more solar power to boost its failing electric grid as promised, some experts say. In a nation with plentiful sunshine, Cuban officials have long had the opportunity to encourage solar power as one solution to national energy problems, reported The Associated Press.
• Indonesia said it recently drove a Chinese Coast Guard ship out of its waters in the South China Sea. It said the Chinese ship disrupted an Indonesian oil and gas company surveying the waters.
• A new UN report warns that the world faces catastrophic climate consequences under current policies. It says the world is on a path to warm more than 3 degrees Celsius – or 5.4 degrees Fahrenheit – by the end of the century. That’s double the 1.5 degrees Celsius cap that countries agreed to in Paris nearly a decade ago.