Day: March 12, 2025

Drewry: more than half of steam LNG carriers to be scrapped by 2030

Energy News Beat ENB Pub Note: This will be a vast opportunity zone for the U.S. shipbuilding business if it can get organized. President Trump is on task with the new shipbuilding office, and this needs to get investments and legs to run. The office of shipyards in the White House should also look at […]

Energy Sec’s Policy Shift

Energy News Beat Daily Standup Top Stories  Venezuela Stops Taking US Deportees After Trump Orders Chevron Out March 11, 2025 Clark Savage ENB Pub Note: We kind of need the Canadian heavy oil sands more now – just saying.  In 2023, Chevron’s joint ventures with Venezuela’s state oil company, Petróleos de Venezuela S.A. (PDVSA), were producing […]

MSC adds another LNG-powered containership to its fleet

Energy News Beat China’s Yangzijiang Shipbuilding has handed over the LNG dual-fuel containership, MSC Annamaria, to Switzerland-based shipping giant MSC. Jiangsu Yangzi Xinfu Shipbuilding, a unit of Yangzijiang, delivered the vessel last week. This is MSC’s fourth LNG dual-fuel containership in a new series of vessels with a capacity of 16,000 teu, according to Yangzijiang. […]

China Pledges a Trade Fight to the End

Energy News Beat China Brief on Beijing’s response to Trump’s tariff increases. ​Analysis By James Palmer, a deputy editor at Foreign Policy. China has toughened up its rhetoric amid U.S. President Donald Trump’s tariff increases. Last week, Chinese Foreign Ministry spokesperson Lin Jian said that if the United States “insists on a tariff war, trade war or any […]

State Democrats Fight Hochul’s ‘Impossible’ Electric Truck Mandate

Energy News Beat Democrats are moving to block Hochul’s ‘nearly impossible’ clean truck mandate requiring heavy-duty trucks to be emissions free. ​State Democratic lawmakers are trying to pump the brakes on the Hochul administration’s “nearly impossible” green-energy rule requiring more new large trucks to be emissions-free. [emphasis, links added] The proposal, pushed by state Sen. […]

Europe’s Economic Decoupling From America Is Underway

Energy News Beat ENB Pub Note: We are seeing the world waking up to the fact that the United States is no longer the piggy bank for the elite. They are forced to look to their own financial success, exacerbated by the Net Zero and “Renewable Energy” fiscal wealth transfer from the working population to […]

Egypt plans to charter FSRU from Germany

Energy News Beat The Egyptian Ministry of Petroleum and Mineral Resources revealed this in a statement on Tuesday following a meeting between Egypt’s Petroleum Minister Karim Badawi with German government officials at CERAWeek in Houston. According to the statement, German aims to buy gas as part of the recently concluded deal between Italy’s Eni and […]

EIA boosts Henry Hub price forecast

Energy News Beat This is 11 percent higher than in the previous forecast. EIA said below-normal temperatures in both January and February led to increased consumption of natural gas to meet space heating demand, which resulted in more natural gas being withdrawn from underground storage than estimated in the October STEO. In January and February […]

Ocean Installer joins team developing UK floating wind farm

Energy News Beat Ocean Installer Marine construction contractor Ocean Installer has joined the alliance of companies developing the Aspen floating offshore wind project in the North Sea. Ocean Installer’s addition to the alliance will drive down the costs of installation and its existing fleet of vessels and workforce can be transferred to the floating offshore […]

Debt-laden Sapura Energy secures $250m government bailout

Energy News Beat AsiaOffshore Sapura Energy Malaysia’s troubled offshore services player Sapura Energy has secured a RM1.1bn ($250m) bailout from the government to repay debts to vendors. The company said in a Bursa Malaysia filing on Wednesday that the country’s Ministry of Finance had agreed to provide a financial injection to the company. The investment […]