Day: May 28, 2025

Golar chairman says FLNG industry set for ‘massive’ growth

Energy News Beat ENB Pub Note: Golar’s earnings call financial specifics are at the top, and the LNGPrime update follows. Golar LNG Limited (GLNG) held its Q1 2025 earnings call on May 27, 2025. Below is a summary based on available information from the earnings call transcript and related sources: Key Financial Highlights: Net Income: […]

Woodside gets OK for NWS extension project and an update to the Austrailan LNG export market

Energy News Beat Australian LNG Exports: Companies, Volumes, and Destinations Australia stands as a global powerhouse in liquefied natural gas (LNG) exports, vying with Qatar and the United States for the top spot. In 2022, the country exported a record 81.4 million tonnes (Mt) of LNG, generating an estimated A$92.8 billion in revenue, a staggering […]

Cheniere, Canadian Natural Resources pen gas supply deal

Energy News Beat Cheneire said on Wendesday that the integrated production marketing (IPM) gas supply agreement between Cheniere Marketing and a unit of the Canadian producer is for 15 years. Under the IPM agreement, Canadian Natural Resources has agreed to sell 140,000 MMBtu per day of natural gas to Cheniere Marketing. The supplies are expected […]

NextDecade’s Rio Grande LNG secures approval to build tug berth

Energy News Beat FERC said on Tuesday it had granted Rio Grande LNG’s May 7 request to construct the tug berth. “This approval is based on FERC staff review of the information filed on July 7, 2020; July 25, 2023; October 15, 2024; and May 7, 2025,” FERC said. The regulator noted that Rio Grande […]

Dynagas LNG Partners reports higher Q1 net income

Energy News Beat The NYSE-listed limited partnership formed by shipowner Dynagas posted a net income of $13.6 million for the first quarter of this year. This represents a 15.3 percent increase compared to $11.7 million in the same quarter last year. Net income dropped compared to $14.1 million in the fourth quarter. Dynagas LNG attributed […]

Avenir LNG seals charter deal with Excelerate

Energy News Beat ENB Pub Note – Jamaica remains 88.67% oil and natural gas, with oil still being the primary fuel source. As listed on LNGPrime.com, Excellerate has just completed its billion-dollar acquisition. This is good news from Excellerate Energy, and I have reached out to interview Steven Kobos, President and CEO, on the Energy […]

Glenfarne taps Worley for Alaska LNG pipeline gig

Energy News Beat ENB Pub Note: I have loved all of my trips to Alaska and treasure the memories. I still have many things from my grandfather’s time, including his role as the chief geologist, which led to the discovery of the North Slope oil fields. The following story is near and dear to my […]

Why Goldman Sachs Is Wrong (Again) About Oil Prices!

Energy News Beat Daily Standup Top Stories Trump Administration Fast-Tracks Utah Uranium Mine, Signals Robust Push for Critical Minerals May 27, 2025 Clark Savage Today, I had the privilege of visiting with Robert Bryce,  (David Blackmon) Energy Transition Absurdities, and Douglas C. Sandridge  about President Trump’s executive orders on nuclear energy. That podcast transcript and video will be published on Friday. We […]

World’s largest port launches three European green corridor projects – is this just greenwashing at it’s finest, or does it have any value?

Energy News Beat Without subsidies, the projects can’t even get off the ground, and much like wind and solar, they are not fiscally sustainable. So why are we looking to spend this much money? As I write this article, it is fitting that it aligns with the trading bloc realignment currently underway in the world. […]

Petrobras to add 48 new ships

Energy News Beat Brazil’s state-controlled oil firm Petrobras plans to commission 48 new support vessels, expanding its original target of 44, CEO Magda Chambriard announced. The initiative is part of a BRL118bn ($21bn) investment focused on strengthening Brazil’s maritime and offshore sectors. The project is expected to create around 180,000 jobs and includes a mix […]