Energy News Beat As homebuilders got aggressive with mortgage-rate buydowns, incentives, and lower prices, sales held up, unlike sales of existing homes, which collapsed. By Wolf Richter for WOLF STREET. With inventories of new single-family homes for sale very high – more on those in a moment – the big homebuilders have been aggressive in their efforts to […]
Energy News Beat Secretary Chris Wright is doing a fantastic job as our Energy Secretary. Watch the funny yet pointed Senator Kennedy ask Chris questions about the $93 billion worth of loans shoveled out the door between President Trump’s election and Biden’s departure. Even Senator Kennedy was at a loss for words. It is disgusting, […]
Energy News Beat ODESSA — As wind turbines and solar panels spread through farmland in Central Texas, Robert Fleming has made it his calling to stop them. Four years ago, the 61-year-old convinced a school board in Troy not to approve a tax incentive for a renewable energy company. When Bell County commissioners considered a […]
Energy News Beat News about massive oil and gas reserves identified in southwest Wyoming’s Mowry Shale formation has Josh Sorensen of Rock Springs reflecting on past booms. As president of Mountain States Pressure Service, Sorensen has over the years positioned his Rock Springs-based oil and gas well services company based on demand from producers moving […]
Energy News Beat ENB Pub Note: This story from David Blackmon’s Substack is a great way to start the holiday weekend. Having the Senate kill the waiver granted by the Biden EPA to California under the Clean Air Act would have effectively mandated EVs, and the rest of the US would have paid for it. […]
Energy News Beat ENB Pub Note: For March 2025, official Department of Energy data indicates that US LNG exports totaled 128.6 tanker loads, equivalent to 460.5 billion cubic feet (Bcf). Additionally, between May 15 and May 22, 2025, 27 LNG vessels departed from US terminals (Sabine Pass, Freeport, Corpus Christi, Cameron, Calcasieu Pass, Plaquemines, and […]
Energy News Beat According to a MOL statement on Friday, Dalian COSCO KHI Ship Engineering, which is jointly operated by Kawasaki Heavy Industries and China COSCO Shipping, will build the 309,000-dwt vessel. The LNG-powered VLCC is scheduled for delivery in 2027. MOL did not reveal the price tag of the contract. The LNG-powered VLCC will […]
Energy News Beat In a statement released on Wednesday, Vopak welcomed the recent Victorian Parliamentary approval of the energy and land legislation amendment (energy safety) bill. Vopak said this provides security for the crown maritime lease for its proposed Port Phillip Bay FSRU. “The legislative change enables Vopak to undertake its development in the gas […]
Energy News Beat “Spark30S (Atlantic) freight rates dropped for a third consecutive week, decreasing by $500 to $32,000 per day this week,” Spark’s data lead Qasim Afghan told LNG Prime on Friday. Meanwhile, Spark25S (Pacific) rates dropped by $1,500 to $20,750 per day, he said. In Europe, the SparkNWE DES LNG rose compared to last week. “The SparkNWE DES […]
Energy News Beat Several German media reports said that the 2006-built vessel, owned by Norway’s Knutsen, ran aground off the island of Rügen on Thursday morning local time whilst en route to the port of Sassnitz-Mukran. The tanker has been towed free and moored at the Sassnitz anchorage. According to the reports, no one was […]
