Day: February 7, 2025

Huge Upward Adjustment to Employment & Labor Force as Wave of Immigrants is Finally Included, Unemployment Drops, Wage Growth Accelerates: The Annual Revisions Are Here

Energy News Beat The Fed, after complaining about missing immigrants in labor market data, now has further support for its pivot to wait-and-see. By Wolf Richter for WOLF STREET. We’ve been discussing this issue – and its impact on employment data – since April after the Congressional Budget Office came out with estimates of actual population growth that […]

PetroVietnam Power: first LNG power plant connected to grid

Energy News Beat PV Power said in a statement that the plant generated 50 MW of electricity as part of its testing phase. According to PetroVietnam’s unit, the LNG power plant is expected to start commercial operation in July this year, after meeting technical requirements. Last week, PV Power said that the LNG power plant […]

US LNG exports climb to 29 cargoes

Energy News Beat The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 29 LNG vessels is 110 Bcf. This compares to 24 shipments and 90 Bcf in the week ending January 29. According to data from S&P Global Commodity Insights, average natural gas deliveries to […]

Harvest, Marathon Petroleum revive Kenai LNG import plans

Energy News Beat Harvest Alaska said on Thursday it has signed a deal with Marathon Petroleum (MPC) and Chugach Electric Association to bolster Southcentral Alaska’s energy supplies through Harvest’s acquisition and re-development of the existing Kenai LNG terminal, currently owned by MPC’s Trans-Foreland Pipeline. The project is designed to repurpose existing assets to enable the […]

Why Trump’s assault on USAID could change US foreign policy forever

Energy News Beat The president’s offensive against America’s ‘state within a state’ marks the end of an era Over the decades, the United States Agency for International Development (USAID) has evolved into a “state within a state” within American foreign policy. As significant in its influence as the Department of Defense or the State Department, […]

TotalEnergies CEO says partners working hard on Papua LNG

Energy News Beat TotalEnergies has a 37.55 percent operating stake in the Papua LNG project, ExxonMobil has 37.04 percent, Santos owns a 22.83 percent interest, and JX Nippon holds 2.58 percent. In April last year, the partners delayed the project’s FID to 2025, saying that they needed to keep working with contractors to obtain “commercially […]

Trump administration sued over USAID clampdown

Energy News Beat   The US president intends to keep fewer than 300 employees out of more than 10,000 at the agency, sources have told Reuters The largest US government workers’ union and an association of foreign service workers have sued the administration of US President Donlad Trump in an attempt to prevent the dismantling […]

Russian GDP grew 4.1% in 2024 – Mishustin

Energy News Beat   Manufacturing was the main driver of the country’s economic growth, according to the prime minister Russia’s GDP reached a record high last year, according to Prime Minister Mikhail Mishustin. The prime minister made the remarks on Friday during a meeting with Russian President Vladimir Putin on macroeconomic policies for sustainable growth. […]

Trump ready to ‘double down’ on Russia sanctions – envoy

Energy News Beat ENB Pub Note: General Kellogg is an excellent negotiator and is a good man for this job. That being said, he is in the middle of a real mess. The Biden administration did not do any favors and really botched this up. I have talked for a long time about Russian Natural […]

In Washington, Trump and Modi Could Build on Rapport

Energy News Beat The two leaders’ bonhomie will continue if the Indian prime minister makes accommodations on trade and illegal immigration. On the campaign trail last year, U.S. President Donald Trump referred to India as a “big abuser” of trade ties, despite the bonhomie that he seemed to enjoy with Indian Prime Minister Narendra Modi […]