Energy News Beat The United Kingdom’s car manufacturing sector is in freefall, with production plummeting to its lowest level since 1949. According to the Society of Motor Manufacturers and Traders (SMMT), UK factories produced just 49,810 cars and vans in May 2025, a staggering 32.8% year-on-year decline. While headlines point to U.S. President Donald Trump’s […]
Energy News Beat Alberta, Canada’s oil and gas powerhouse, has delivered a stunning fiscal surprise, posting an $8.3 billion (CAD) budget surplus for the 2024-25 fiscal year, far exceeding the modest $355 million projection in its February budget. This windfall, driven by soaring resource royalties, robust oil prices, and record production, underscores Alberta’s pivotal role […]
Energy News Beat Weekly Daily Standup Top Stories What Will Happen to the Strait of Hormuz and Oil? Iran’s Threat and Its Global Impact Will Iran retaliate after the U.S. strikes on their nuclear program? Banks Drop the Climate Pretense and Follow the Money: A Shift Back to Fossil Fuels June 22, 2025 Clark Savage The […]
Energy News Beat EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 30 LNG vessels is 113 Bcf. The agency did not release its weekly report in the prior week due to holidays. US LNG terminals shipped 28 cargoes in the week ending June 11. […]
Energy News Beat Cheniere’s Corpus Christi plant currently liquefies natural gas at three operational trains, each with a capacity of about 5 mtpa. In June 2022, Cheniere made the final investment decision on the Corpus Christi Stage 3 expansion project, worth about $8 billion, while compatriot Bechtel officially started construction on the project in October of the same year. Is […]
Energy News Beat “Spark30S (Atlantic) freight rates remained relatively steady this week, dropping by $1,000 to $48,750 per day this week,” Spark’s data lead Qasim Afghan told LNG Prime on Friday. In comparison, Spark25S (Pacific) rates continue to rise, increasing by $10,500 to $42,500 per day, as tight vessel availability continues to affect the market, he said. […]
Energy News Beat Germany’s new government under Chancellor Friedrich Merz is taking a hardline stance against any potential reactivation of the Nord Stream gas pipelines, signaling a commitment to geopolitical priorities over economic pragmatism. According to reports from the Financial Times and posts on X, Berlin is exploring legal measures to permanently disable the pipelines […]
Energy News Beat Wages & salaries rose at a solid pace, but Social Security payments returned to trend after a spike in April due to policy changes. By Wolf Richter for WOLF STREET. The recession talk started heating up again on Friday when the personal income data for May hit the news. Total personal income from all sources […]
Energy News Beat EuropeOffshore GEOS GEOS Oslo-listed OSV pure play Golden Energy Offshore Services (GEOS) has won a new contract for its large platform supply vessel Energy Swan. The 2005-built unit has been fixed out to Vår Energi to support the semisubmersible rig Deepsea Yantai. The rig is in PL 586 in the Norwegian Sea, […]
Energy News Beat EuropeOffshore Equinor Equinor Norwegian energy major Equinor will invest more than NOK 21bn ($2.1bn) in the North Sea Fram Sør subsea development. The Fram Sør project is a combined development of several discoveries that will export oil and gas via the Troll C platform. Recoverable volumes are estimated at 116m barrels of […]
