Day: May 15, 2025

Beyond the Squiggles in Retail Sales

Energy News Beat Our Drunken Sailors may be in a crappy mood, but that doesn’t stop them. By Wolf Richter for WOLF STREET. The big thing – from a data-geek point of view – in today’s retail sales report by the Census Bureau was that the entire data series was rejiggered for several factors, including two massive changes […]

What is really going on with the Texas ERCOT grid? – Do we have a plan for success?

Energy News Beat I have been saying that the Texas ERCOT system is the best setup for the projected electric demand growth in the United States. The other two of the three groups in the U.S. grid don’t seem to have as good a grip on the growth. We have been saying that there is […]

Rogue communication devices found in Chinese solar power inverters – It is worse than you can imagine

Energy News Beat ENB Pub Note: This article, “Rogue communication devices found in Chinese solar inverters,” ran on Reuters on March 14th. We have been talking about equipment in the U.S. Grid that can be remotely controlled by rogue countries for years.  The Biden Administration put back in over 490 major grid interconnects that the […]

Oil Prices Sink 4% on Hints of U.S.-Iran Deal

Energy News Beat Oil prices decreased sharply following comments from President Trump indicating the U.S. is close to a nuclear deal with Iran. Iran’s officials have suggested they would consider abandoning uranium enrichment if the United States lifts economic sanctions. Recent reports of a U.S. crude oil inventory build further contributed to the downward pressure […]

Venture Global reveals LNG fleet details

Energy News Beat In March last year, Venture Global announced that it had nine LNG carriers on order in South Korea, further advancing its business integration across the entire LNG supply chain. Six of these vessels have a cargo capacity of 174,000 cbm, and three have a cargo capacity of 200,000 cbm. The LNG carriers are being […]

Liners confident of pushing through rate rises on surging transpacific business

Energy News Beat Port of Los Angeles Liner executives are reporting a dramatic pick-up in box bookings between China and the US this week as a 90-day mini-reprieve in the tariff war between the world’s two largest economies gets underway. The busier liner bookings have yet to translate into an immediate rate surge, but analysts […]

Star Bulk clears out five ageing supramaxes

Energy News Beat Dry CargoEurope Star Bulk Carriers Star Bulk Carriers Nasdaq-listed Greek dry bulk giant Star Bulk Carriers has confirmed sales of five older supramax vessels. The Athens-based company revealed in its first-quarter earnings report it had sold the 2005-built Star Omicron and the 2006-built Strange Attractor. Both ships have already been delivered and […]

EU Sanctions & LNG Boom: What’s Next?

Energy News Beat Daily Standup Top Stories Aramco plans to join Woodside’s Louisiana LNG project May 14, 2025 Mariel Alumit ENB Pub Note: This is huge. The Woodside Louisiana LNG project has a total permitted export capacity of 27.6 million tonnes per annum (Mtpa). The foundational phase, approved with a final investment decision in April […] EU […]

Keyfield finds partner for expansion into Indonesia

Energy News Beat AsiaOffshore Keyfield International Keyfield International Offshore support and accommodation vessels company Keyfield International has entered into a memorandum of understanding with Indonesia’s PT Elnusa Trans Samudera (ETSA). Keyfield entered into the agreement through its subsidiary Keyfield Offshore. The collaborative framework between the two companies will explore and pursue various marine services opportunities, […]

Staatsolie secures $1.6bn loan to enter TotalEnergies project in Suriname

Energy News Beat Staatsolie Staatsolie arranged the loan with a group of 18 international, regional and local banks and financial institutions. With this loan, the company can partly finance its 20% participation in the GranMorgu project in Suriname’s offshore block 58. The new loan will also be used to fully repay the outstanding bank loan […]