Day: January 30, 2024

Sanctions nearly always fail: That is the lesson the EU and the United States should take from their vain attempts to curtail Russia and China

Energy News Beat The last year has shown significant shortcomings when it comes to West’s ability to use economic statecraft as a tool in international politics. Almost all schemes developed to weaken potential opponents have either failed or were less effective than expected. Lets begin with Russia: In order to drain the financial resources that […]

ENB #178 Empowering Veterans and Oilfield Workers: A Conversation with Nick Burns of PetroFit

Energy News Beat This was a fun podcast with Nick Burns of PetroFit. Boy, we got into helping our great veterans and their charities. Not only helping get veterans transitioning from active duty to the oil and gas field but also helping with PTSD. After interviewing Kyle Ryes, Law Enforcement Today, Blue Lives Matter, and […]

‘African leaders have the right to define their own energy policy’

Energy News Beat ENB Pub Note: The following is an excellent article from the Africa Report with NJ Ayuk, from the African Energy Chamber. I just interviewed NJ on the Energy News Beat Podcast, and the staff will be rolling out in the next week. Africa First is a humanitarian theme. We sat down with […]

China to Refill Oil Reserves Following 2023 Drawdown

Energy News Beat China’s onshore oil inventories have fallen, signaling a potential increase in international market purchases. Beijing’s oil consumption and reserve levels are key to global price trajectories, with moderate restocking expected due to economic struggles. While China’s crude imports reached a record high in 2023, its strategic reserve replenishment in 2024 is expected […]

The dependency on China and ‘blood minerals’ human rights abuses for EV batteries supported by our government

Energy News Beat Many of us had a chance to view the 2006 movie “Blood Diamond” starring Leonardo DiCaprio, which portrays many of the similar atrocities now occurring in poorer developing countries in pursuit of exotic minerals and metals to support the “green” movement within wealthy countries, i.e., “Blood Minerals.” The “green” movement continues to […]

German net power imports to triple this year – Icis

Energy News Beat (Montel) German net electricity imports are set to rise more than threefold in 2024 as the nation continues its coal exit on the heels of a nuclear phase-out, consultancy Icis said on Monday. German net electricity imports were likely to reach 38 TWh, compared to just short of 12 TWh in 2023, […]

Ontario to announce refurbishment of four reactors at Pickering nuclear power plant

Energy News Beat Ontario is proceeding with a massive, multibillion-dollar refurbishment of four aging nuclear reactors at its Pickering power plant east of Toronto, according to two provincial government sources. The decision will be formally unveiled by Ontario Energy Minister Todd Smith at the facility in Pickering on Tuesday, a senior government source said. This would mark […]

U.S. coal exports account for larger share of a shrinking market

Energy News Beat Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2024, and U.S. Census Bureau data As domestic consumption of U.S. coal declines in the near term, we expect exports to account for a larger share of total U.S. coal consumption, according to our recently released Short-Term Energy Outlook (STEO). We expect U.S. coal consumption will […]

Japanese reveal plans to slash emissions from oil imports

Energy News Beat Four Japanese players have joined forces to design and build a low-carbon emission very large crude carrier (VLCC). Idemitsu Tanker, the shipping affiliate of Japan’s second-biggest oil refiner, Idemitsu Kosan, has formed a consortium with fellow shipping lines Iino and NYK and builder Nippon Shipyard with the goal of slashing greenhouse gas […]

Two vessels freed following Somali pirate hijackings

Energy News Beat AfricaOperations Indian Navy Two fishing vessels – one from Iran and the other from Sri Lanka – have been freed following hijackings by Somali pirates. Seychelles forces rescued a Sri Lankan fishing boat on Monday, while the Indian Navy said it had freed an Iranian-flagged fishing vessel. Somali pirates are back hunting […]