Day: November 29, 2023

Venezuela prepares for vote on border dispute with Guyana over oil-rich territory

Energy News Beat ‘We support a diplomatic solution’: Guyana defense spokesperson  356,513 soldiers, 120,000 officers to be deployed during voting   The Venezuelan government is fine-tuning the details, including the deployment of military personnel, to carry out a Dec. 3 referendum on its dispute with Guyana over the oil-rich Essequibo territory. General Domingo Hernández Lárez, […]

Thousands of car dealers have a potent warning for electric vehicle enthusiasts

Energy News Beat In a public letter to President Biden, 3,882 car dealers spread across the country are asking that his administration slow down its proposed regulations mandating the production and distribution of electric vehicles. The letter comes after the Biden Administration in April proposed a set of stringent climate regulations that could require two-thirds of all […]

Dwindling copper supply from Panama and Peru could wipe out global surplus in 2024

Energy News Beat Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions are not resolved in coming months, analysts said on Tuesday. Panama’s top court on Tuesday ruled that Canadian miner First Quantum’s contract to operate […]

Cold weather prompts National Grid to activate energy blackout scheme

Energy News Beat The National Grid is to pay some households to cut their energy use after activating its blackout prevention scheme during the current cold snap. Eligible properties with smart meters will be offered cash and other rewards in return for reducing their usage between 5pm and 6.30pm on Wednesday, it has been announced. […]

Auto Dealers Call on Biden to Hit Brakes on Unrealistic, Unachievable Electric Vehicles Mandate

Energy News Beat A coalition of nearly 4,000 auto dealers on Tuesday sent a letter to President Joe Biden explaining why his plans to force Americans into electric vehicles are unworkable. The bottom line: Despite subsidies to car manufacturers to make the EVs, and tax credits for drivers to buy the cars, only 7% of new vehicle […]

Royal Caribbean takes delivery of LNG-powered giant in Finland

Energy News Beat Royal Caribbean International, a unit of Royal Caribbean, has taken delivery of its LNG-powered Icon of the Seas from Finland’s Meyer Turku. After 900 days of design and construction by thousands of experts, Royal Caribbean International welcomed the highly anticipated Icon of the Seas to the family on November 27, it said […]

UAE officially stops using dollar for oil trades

Energy News Beat The global financial landscape is witnessing a seismic shift as the United Arab Emirates (UAE) boldly moves away from the US dollar in its oil trade dealings. This strategic pivot aligns with the broader ambitions of the BRICS economic alliance, of which the UAE is a recent addition. The changeover, involving the transition to […]

Delfin seals long-term LNG supply deal with Gunvor

Energy News Beat Delfin Midstream, the US developer of a floating LNG export project in the Gulf of Mexico, has signed a long-term liquefied natural gas supply deal with a unit of Geneva-based energy and LNG trader, Gunvor. Delfin LNG, a unit of Delfin Midstream, and Gunvor Singapore entered into the LNG sale and purchase […]

CoolCo says LNG newbuild duo still available for charter

Energy News Beat LNG carrier operator CoolCo is still in talks with charterers to find work for two newbuild LNG vessels it purchased from its largest shareholder Eastern Pacific Shipping. “CoolCo continues to be in discussions with multiple potential charterers seeking employment for the newbuilds,” the firm said in its third-quarter report on Tuesday. CoolCo exercised […]

Origin: Australia Pacific LNG deliveries impacted as tanker loses power at jetty

Energy News Beat Deliveries from the ConocoPhillips-operated Australia Pacific LNG plant on Curtis Island have been delayed as a loaded LNG tanker docked at the terminal’s jetty had lost power and was unable to leave, according to shareholder Origin. Origin, which is subject to a takeover offer from a consortium consisting of Canada’s Brookfield Asset Management […]