Energy News Beat The U.S. energy landscape is at a crossroads. Aging coal and natural gas power plants, once slated for retirement, are being propped up with temporary fixes to meet surging electricity demand, particularly from the booming AI data center sector. These “band-aid” solutions—ranging from delayed retirements to innovative turbine workarounds—are reshaping the power […]
Energy News Beat Federal government jobs fell by 22,000, to the lowest share of total payrolls since… whenever. By Wolf Richter for WOLF STREET. Total nonfarm payrolls rose by 139,000 in May, to 159.6 million, according to the Bureau of Labor Statistics today (blue columns in the chart). The increase of 139,000 new jobs is fine. It’s close […]
Energy News Beat ENB Pub Note: I covered Egypt’s energy mix and why they need to import LNG rather than export here:Second FSRU arrives in Egypt – Why did an LNG export country now have to start importing energy? Energos Eskimo’s AIS data shows that the vessel was sailing in the Red Sea, offshore Sharm […]
Energy News Beat EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 25 LNG vessels is 94 Bcf. This compares to 29 shipments and 109 Bcf in the week ending May 28. According to data from S&P Global Commodity Insights, average natural gas deliveries to US LNG export terminals […]
Energy News Beat “Spark30S (Atlantic) freight rates held steady this week, decreasing marginally by $500 to $29,000 per day this week,” Spark’s commercial analyst Max Glen-Doepel told LNG Prime on Friday. Meanwhile, Spark25S (Pacific) rates also remained stable, decreasing by $750 to $20,000 per day, he said. In Europe, the SparkNWE DES LNG rose compared […]
Energy News Beat About 1.80 million tonnes of LNG or 28 cargoes left the three Gladstone terminals on Curtis Island last month, GPC’s data shows. This compares to about 1.89 million tonnes of LNG or 28 cargoes in May 2024. May LNG exports also decreased compared to 2 million tonnes of LNG or 31 cargoes in April this year. Curtis […]
Energy News Beat Hengli Heavy Industry Shandong Ocean Shipping Group is making strategic moves to bolster its dry bulk fleet by tapping into the domestic shipbuilding market. The maritime logistics subsidiary of Shandong Port Group has selected Hengli Shipbuilding for the construction of two 95,500 dwt vessels. The total value of the deal stands at […]
Energy News Beat Efforts to bring the fire-stricken Morning Midas under control are facing a significant delay, with salvage teams not expected to reach the drifting vessel until Monday, nearly a full week after the crew abandoned ship. Zodiac Maritime, the manager of the Panama-flagged car carrier, confirmed that it has appointed Florida-based Resolve Marine […]
Energy News Beat French Armed Forces The volume of ship traffic in the Red Sea has increased by 60% since August 2024, now reaching 36 to 37 ships per day. Despite the rebound, volumes remain well below pre-crisis levels, according to Rear Admiral Vasileios Gryparis, commander of the EU’s Aspides naval mission. Gryparis told Reuters […]
Energy News Beat Drewry’s weekly World Container Index (WCI) increased 41% to $3,527 per feu yesterday, the second highest leap dollars-wise since the index was created, with the busy transpacific leading the way once again amid a brief trade detente between the world’s two largest economies, the US and China. Rival spot index, the Shanghai […]
