Day: June 2, 2025

BP seals LNG SPA with India’s Torrent Power

Energy News Beat BP Singapore does not produce liquefied natural gas (LNG) itself, as it primarily functions as a trading and supply hub for BP’s global LNG operations rather than a production facility. Instead, BP Singapore sources LNG from BP’s global portfolio, which includes production from various projects worldwide, and supplies it to markets, particularly […]

Venture Global’s CP2 LNG to start mobilization and site preparation

Energy News Beat ENB Pub Note: Update from LNGPrime.com below, and I added the summary from the Venture Global Q1 2025 report as we review investment discussions and opportunities. Venture Global expects to ship 367–389 LNG cargos in 2025, with 145–150 from the Calcasieu Pass facility and 222–239 from the Plaquemines facility. These projections include […]

New report: The true affordability of net zero – Special Guest Kathryn Porter

Energy News Beat New report: The true affordability of net zero – Special Guest Kathryn Porter This is a massive story about the UK and the EU on the path to Net Zero. We recognize that many energy policies are written based on Net Zero policies, and subsequent patterns emerge. Deindustrialization and fiscal failure. Kathryn […]

Cheniere kicks off Sabine Pass LNG maintenance

Energy News Beat Cheniere Energy, Inc., the largest U.S. LNG exporter, operates two major LNG facilities: Sabine Pass in Louisiana and Corpus Christi in Texas. Based on available data, Cheniere’s total LNG production capacity across these facilities is significant, with specific export volumes for 2025 outlined as follows: Sabine Pass LNG Terminal: This facility has […]

Trump Administration to Roll Back Biden’s Curbs on Alaska Oil Drilling

Energy News Beat The Trump Administration is working to roll back the severe restrictions on oil and gas drilling in Alaska imposed by the Biden administration, Interior Secretary Doug Burgum has said. The Biden administration suspended in 2021 oil leases in the Arctic National Wildlife Refuge in Alaska, months after former President Joe Biden took over from Trump’s […]

Tight oil production in Permian drives growth in onshore U.S. Lower 48 states production

Energy News Beat I have added the international 2025 numbers for the top producers above the current EIA Lower 48 production number report. The United States is the world’s leading crude oil producer in 2025, significantly outpacing other top oil-producing countries. Based on available data, the U.S. is projected to produce around 13.55 to 13.59 […]

Union Maritime launches financing scheme to spur wind propulsion use

Energy News Beat UK shipowner Union Maritime has launched a new lease financing programme, which will help accelerate the adoption of wind-assisted propulsion systems in the maritime sector. The new programme, named SeaBreeze, offers 100% financing, making sustainable technologies more accessible for shipowners aiming to meet evolving emissions targets. Under the programme, the company will […]

Why Goldman Sachs Expects OPEC+ Output Hikes to End in August: Implications for the Oil Market and U.S. Investors

Energy News Beat Recent projections from Goldman Sachs indicate that OPEC+ is likely to conclude its series of production increases in August 2025, marking a significant shift in global oil supply dynamics. This forecast, based on Goldman’s analysis of market conditions and OPEC+ strategies, suggests a tightening of oil markets in the near term, with […]

Wallenius Wilhelmsen locks in $100m contract renewal

Energy News Beat EuropeOperations Wallenius Wilhelmsen Wallenius Wilhelmsen Oslo-listed Wallenius Wilhelmsen has secured a renewed logistics contract with one of its long-standing strategic automotive original equipment manufacturer (OEM) partners. The new deal spans three years and is expected to generate about $100m in revenue. The company, which operates a fleet of about 125 vessels globally, […]

Flex LNG hammers out $175m refinancing deal for LNG carrier

Energy News Beat John Fredriksen-backed Flex LNG has arranged a $175m lease financing for its 173,400 cu m Flex Courageous LNG carrier. The JOLCO refinancing deal will generate net proceeds of approximately $42m and extend debt maturity to 2035. The deal will also significantly reduce the cost of debt by around 1.5% per annum. The […]