Day: May 20, 2025

Petrobras pens EPCI deal with Subsea 7 worth nearly $1.5bn

Energy News Beat Petrobras Brazilian oil and gas major Petrobras has signed an engineering, production, construction, and installation (EPCI) contract with Subsea 7 for the Búzios 11 Project, worth R$8.4bn ($1.48bn) The contract establishes a minimum requirement of 40% local content, but the expectation is to reach a percentage above 50%. In total, the deal […]

MAN Energy Solutions reveals world’s most powerful methanol engine

Energy News Beat MAN Energy Solutions Ship engine manufacturer MAN Energy Solutions has developed the world’s most powerful two-stroke methanol engine. The engine, rated at 82,440kW at 80rpm, is currently being built by Chinese licensee CSSC-MES Diesel. This will be the first engine of 12 bound for a series of a dozen 24,000 teu container […]

UK slaps sanctions on British ship finance veteran over shadow fleet deals

Energy News Beat Will Rose / Greenpeace The UK has imposed sanctions on a British ship finance veteran for allegedly buying tankers for Russia’s shadow fleet. John Ormerod was blacklisted on Tuesday alongside two Russian captains, 18 shadow fleet vessels and 46 financial institutions in the latest wave of British sanctions against Russia. Last year, […]

US DOE to start issuing final orders for pending non-FTA LNG export permits

Energy News Beat DOE revealed this in a statement on Monday, releasing its response to comments on the 2024 LNG export study. “With this action, DOE has completed the final hurdles left over from the Biden administration’s reckless pause on LNG export permits, paving the way for the Trump Administration to fully unleash American LNG […]

QatarEnergy eyes major LNG trading expansion

Energy News Beat ENB Pub Note: Below the line is the report from Bloomberg about QatarEnergy and money being left on the table. I added the Qatar LNG export capabilities on the top. Qatar’s LNG Export Capacity and Volumes (2024–2025) Export Capacity: As of 2024, Qatar’s LNG export capacity is 77 million metric tons per […]

Norway opens bidding for 1.5GW of floating wind

Energy News Beat ENB Pub Note: Below the line is the announcement of the tender for three floating offshore wind project areas.  I have added the Norway energy mix at the top for reference. Norway’s electricity production is almost entirely renewable, with hydropower dominating. The breakdown for 2023 is: Hydropower: 87.8% of electricity generation (132 […]

Petronet LNG logs higher profit, lower volumes

Energy News Beat ENB Pub Note: The total volume of India’s imports in 2025 is shown on top, and the update from the Dahej LNG terminal is shown below. Volume of LNG Imports for India (2025) Based on the most recent data, India’s liquefied natural gas (LNG) imports have shown significant growth, driven by increasing […]

New report: The true affordability of net zero – Watt-Logic

Energy News Beat ENB Pub Note: This report is from Kathryn Porter from Watt-Logic. She is coming on the Energy News Beat Podcast to discuss how she worked on the numbers and her findings on Net Zero. This is an excellent report, and we need to note that the same pattern is reflected in the […]

Freeport LNG seeks OK to return third tank to commercial service

Energy News Beat Following the incident in 2022, Freeport received approval from FERC for commercial operations of Phase 1 in February 2023. This phase includes all three trains, LNG storage tanks 1 and 2, and dock 1. Thereafter, Freeport received approval from FERC for commercial operations of Phase 2 in November 2023. This phase includes LNG loop 2 and […]

Denmark sets up offshore wind tender with up to $8.3bn in subsidies

Energy News Beat ENB Pub Note: The Danish power mix is interesting and interconnected, and an update is below on their plans for a 3 GW offshore wind tender. As of 2023, Denmark’s energy mix for electricity generation is heavily weighted toward renewables, with fossil fuels playing a diminishing role. Here’s a breakdown based on […]