Day: June 3, 2025

The 2025 Regular Texas Legislative Session Concludes: Key Energy, Oil, and Natural Gas Bills Analyzed

Energy News Beat I have several guests lined up on the Energy News Beat podcast to talk about the Texas Legislative session. We will cover the good, the bad, and the homely. If you have article requests or questions, we have opened the Substack Chat channel for paid subscribers, and we are already getting suggestions […]

Russian LNG Exports Dip Amid Sanctions and EU Clampdown: The Dark Fleet’s Role in Russia’s Energy Trade

Energy News Beat As geopolitical tensions simmer, Russia’s liquefied natural gas (LNG) exports are feeling the heat from Western sanctions and a tightening European Union clampdown. In early 2025, Russian LNG exports dropped by 3% year-over-year, totaling 13.2 million tons from January to May, according to Reuters’ preliminary data from LSEG. The decline, though modest, […]

Brazil’s GNA launches second LNG power plant

Energy News Beat ENB Pub Note: What is Brazil’s energy mix, you might ask, so we included above the update from LNGPime.com. We are seeing LNG to power plant model being a great solution for coastal countries wanting low-carbon solutions. Brazil’s energy mix is one of the most renewable-heavy in the world, with a strong […]

Viper Energy to Acquire Sitio Royalties in $4.1 Billion Stock Deal: A Game-Changer for Permian Basin Investors

Energy News Beat In a blockbuster move shaking up the oil and gas sector, Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG), has announced its acquisition of Sitio Royalties Corp. (NYSE: STR) in an all-equity transaction valued at approximately $4.1 billion, including $1.1 billion in net debt. This strategic merger, […]

Peace Talks In Ukraine Cut Short

Energy News Beat Daily Standup Top Stories Russia-Ukraine Talks Stall: Will Congress Ramp Up Sanctions Pressure on Moscow? June 2, 2025 Clark Savage It has been clear for well over 6 months that President Trump does not have the information he needs to end the war in Ukraine, and we are watching peace slip through his […]

UK North Sea Oil and Gas: Jobs at Risk, Costs Skyrocketing, and the Anti-Fossil Fuel Push

Energy News Beat The UK’s North Sea has long been a powerhouse for oil and gas production, fueling the nation’s economy, supporting high-skilled jobs, and bolstering energy security. But with anti-fossil fuel regulations tightening their grip, the industry faces an uncertain future. From punitive taxes to outright bans on new exploration, these policies are threatening […]

ADES wins jackup work in Cameroon

Energy News Beat ADES Saudi oil and gas driller ADES has won a new contract for one of its jackup rigs from Sinopec Group subsidiary Addax Petroleum. Addax hired the Admarine 510 rig for work in Cameroon. It will be ADES’ 13th country of operations and continuation of the company’s expansion across the high-potential West […]

MR2 tankers lead secondhand sales

Energy News Beat Tankers Pyxis Tankers Pyxis Tankers A flurry of secondhand tanker sales has emerged across various size segments this week, with MR2 units drawing the most buyer interest in the wet trades. Yet, while steady charter rates have supported asset values longer than expected, multiple brokerages now warn that prices—particularly for modern eco-design […]

The port productivity revolution transforming global shipping supply chains

Energy News Beat Punit Oza from Singapore consultancy Maritime NXT writes for Splash today.  When I started my career in Precious Shipping in 1993, the company was abuzz with then parent group, G. Premjee, looking to secure a deal with Kandla (now Deendayal) Port to operate a berth for its grain trade. It was a […]

Port of Corpus Christi celebrates completion of $625m channel deepening project – Investing in U.S. infrastructure, utilities, oil and gas is a top global priortiy.

Energy News Beat  Investing in U.S. infrastructure, utilities, and oil and gas is shaping up to be the safest investment globally. The port of Corpus Christi has launched itself onto the national stage through hard work and has become a key source for energy exports. The update below from Americas Ports and Logistics follows a […]