Day: January 29, 2024

Europe Demand to Drive $223B Gas Investment in Next Decade: Study

Energy News Beat Europe’s demand for gas is driving $223 billion in new investment to produce the fuel globally during the next decade, according to a new study that casts a spotlight on the region’s broad carbon footprint even as it tries to rein in emissions. Two US liquefied natural gas companies — Venture Global LNG Inc. […]

Globalists Are Using ‘Green Energy’ to Destroy Our Way of Life

Energy News Beat In 10 years before the proverbial 2035 date when many mandated transitions to “green electricity” occur to reduce or eliminate usage of fossil fuels, most of today’s elected officials, policy advisers, and policymakers are: Mostly NOT trained in engineering. Only from wealthy countries. Unaware of the engineering reality that without the petrochemicals […]

Houthis claim missile attack on US warship

Energy News Beat The USS Lewis B. Puller was targeted in the Gulf of Aden, the Yemeni armed group has said. Houthi militants fired a missile at a US warship in the Gulf of Aden on Sunday, a spokesman for the Yemen-based group has claimed. He described the incident as the latest response to American […]

Drone attack prevented at Russian oil plant – governor

Energy News Beat [[{“value”:” A UAV spotted over a refinery in Yaroslavl Region was reportedly brought down using electronic warfare systems A drone was used to target an oil refinery in Russia’s Yaroslavl Region on Monday, according to local governor Mikhail Evraev. The attack was prevented using electronic warfare systems that successfully brought the UAV […]

Western Europe’s energy supply ‘vulnerable’ – Bloomberg

Energy News Beat Replacing Russian gas with liquefied natural gas (LNG) from the US has exposed the EU’s energy system to major security risks, Bloomberg has reported, citing industry experts. The US, which started exporting its shale gas only in 2016, is currently the second-biggest gas supplier to the EU after Norway. In 2023, the […]

NYK signs up for very large ammonia carriers

Energy News Beat AsiaGas HD Hyundai Broking sources report Japanese shipping line Nippon Yusen Kaisha (NYK) has joined the rush for very large ammonia carrier (VLAC) newbuilds in South Korea. The Tokyo-headquartered behemoth has been placed behind an order for three ships at HD Hyundai’s shipyard in the southeastern port of Ulsan. The deal worth […]

VLCC newbuild slots for 2027 sell out in China and South Korea

Energy News Beat Available VLCC berths at the world’s top two shipbuilding nations have all but dried up for 2027.  Tanker broker Gibson notes that 2027 delivery slots in China are over, with the possible exception of a couple of slots at Shanghai Waigaoqiao Shipbuilding and Dalian Shipbuilding Industry Co, while there are no more […]

Over $350bn in pre-FID offshore wind projects at risk

Energy News Beat OffshoreRenewables European Energy Nearly 40% of the 380GW pre-sanctioned offshore wind pipeline forecast to reach FID between 2024 and 2030 is considered under risk, a new analysis by Westwood claimed. In its recent Project Certainty White Paper, the analysis revealed that developers such as TotalEnergies and BP have the highest risk profiles, […]

Russia to launch nuclear power reactor in India this year – Rosatom

Energy News Beat [[{“value”:” Russian state atomic energy corporation Rosatom plans to commission the third unit at India’s Kudankulam nuclear power plant this year, the company’s chief executive, Aleksey Likhachev, revealed in an interview with the TV channel Russia-24 this past weekend. Located in the southern state of Tamil Nadu, Kudankulam is the largest nuclear […]

QatarEnergy, Excelerate ink long-term deal to supply LNG to Bangladesh

Energy News Beat State-owned LNG giant QatarEnergy has signed a long-term contract with US FSRU player Excelerate Energy to supply Bangladesh with liquefied natural gas. Under the SPA, Excelerate will buy up to one million tons per annum of LNG from QatarEnergy to be delivered to floating storage and regasification units in Bangladesh for 15 […]