Day: January 2, 2024

Samsung Heavy scores FLNG order

Energy News Beat South Korean shipbuilding giant Samsung Heavy Industries has secured an order for one floating liquefied natural gas (FLNG) unit. SHI said on Tuesday the order won from an owner in North America is worth 2.01 trillion won ($1.56 billion). However, this is a conditional contract and remains subject to a final investment […]

Grant seeks to recruit Appalachian manufacturers for clean energy economy

Energy News Beat ​As federal incentives spur a wave of new domestic clean energy manufacturing, economic boosters in Ohio and neighboring states see an opportunity to “Make it in Appalachia.” A virtual summit this month will serve as part of public kickoff efforts to identify and support small and medium manufacturers in the region so […]

Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues

Energy News Beat China’s renminbi keeps losing ground, after initial progress. But the tiny “other” reserve currencies combined are taking share from the USD. By Wolf Richter for WOLF STREET. The US dollar has been the dominant global reserve currency for decades, amid many global reserve currencies. And there are lots of people, institutions, and governments that want […]

Oil Advances as Iran Warship Entering Red Sea Increases Tensions

Energy News Beat Iran sends destroyer to waterway as US navy sinks Houthi boats Brent declined 10% last year, its first annual drop since 2020 Oil rose after Iran sent a warship to the Red Sea in response to the US Navy’s sinking of three Houthi boats over the weekend, adding to regional tensions as ships […]