Energy News Beat EuropeGasOffshore Northern Lights JV Northern Lights JV SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement and construction (EPC) contract from Equinor for the second phase of the Northern Lights CO₂ storage project offshore Norway. The contract covers the delivery of two satellite subsea […]
Energy News Beat Pacific Basin Hong Kong-based dry bulk shipping giant Pacific Basin has signed a memorandum of understanding (MOU) with The Hong Kong and China Gas Company Limited (Towngas) to secure supplies of green methanol, as the company moves to meet tightening international emissions standards. The deal outlines plans for Towngas to provide Pacific […]
Energy News Beat Lennar’s average sales price drops to lowest since Q2 2020, gives up entire 2020-2022 price explosion. Homeowners wanting to sell have no idea what they’re up against. By Wolf Richter for WOLF STREET. New single-family homes for sale at all stages of construction rose to 502,000 homes in May, the highest since November 2007, when […]
Energy News Beat The energy sector is buzzing with speculation following an exclusive report from The Wall Street Journal, which revealed that Shell (NYSE:SHEL) is in early-stage talks to acquire its British rival BP (NYSE:BP). This potential $80 billion-plus deal, if realized, could mark the largest oil industry merger since ExxonMobil’s $83 billion tie-up in […]
Energy News Beat U.S. crude oil inventories have dropped to an 11-year seasonal low, driven by robust summer driving demand, yet oil stocks are paradoxically declining. The U.S. Energy Information Administration (EIA) reported an 11.5 million barrel drawdown to 420.9 million barrels for the week ending June 13, 2025, the most significant weekly decline in […]
Energy News Beat On June 24, 2025, New York’s power grid faced a critical test as temperatures soared to 99°F in Central Park, pushing electricity demand to precarious levels. The New York Independent System Operator (NYISO) issued a rare energy warning, signaling potential rotating outages due to declining operating reserves. By late Tuesday, the grid […]
Energy News Beat The U.S. Department of Energy’s Office of Electricity (DOE-OE) has announced a significant step toward bolstering the nation’s electric grid with $15 million in funding for six innovative projects aimed at advancing energy storage resiliency. These projects, selected under the Technology Innovation for Improving Energy Storage Resiliency (TIIESR) initiative, focus on developing […]
Energy News Beat China’s EV market is quite fascinating, and some of their products are equipped with cool features; however, their predatory practices, which contribute to trade imbalances in export markets, are taking a toll on the EV market. Peter St. Onge, Ph.D., is a notable thought leader, and I highly recommend following him on […]
Energy News Beat The company currently produces about 46 mtpa at its LNG export facilities, with up to 13 mtpa under construction. Cheniere’s Sabine Pass facility in Louisiana, the largest LNG export plant in the US, currently has a capacity of about 30 mtpa following the launch of the sixth train in February 2022. Is Oil & […]
Energy News Beat Cheniere announced on Tuesday its decision to build Corpus Christi Midscale Trains 8 and 9, as well as the debottlenecking project. The CCL midscale trains 8 and 9 project is being built adjacent to the Corpus Christi Stage 3 project and consists of two midscale trains with an expected total liquefaction capacity […]
