Energy News Beat In a bold move that caught markets off guard, OPEC+ announced a hefty production increase of 548,000 barrels per day (bpd) for August 2025 during a virtual meeting on July 5, surpassing expectations of a 411,000 bpd hike. This decision, led by the “Voluntary Eight” — Saudi Arabia, Russia, Iraq, UAE, Kuwait, […]
Energy News Beat In a bold statement that underscores Europe’s shifting energy landscape, Patrick Pouyanne, CEO of TotalEnergies SE, declared that Europe is well-positioned to withstand a proposed ban on Russian gas imports by 2028. Speaking at an energy conference, Pouyanne highlighted the rapid development of alternative liquefied natural gas (LNG) export capacities, particularly from […]
Energy News Beat Weekly Daily Standup Top Stories Big Beautiful Bill May Still Yet End the Green New Deal June 29, 2025 Clark Savage Senate Republicans have taken a significant step toward passing President Donald Trump’s sweeping legislative package, dubbed the “One Big Beautiful Bill Act,” with a narrow 51-49 procedural vote on June 28, 2025. […]
Energy News Beat Despite unprecedented investments in renewable energy, global carbon emissions hit a record high of 40.8 billion metric tons of CO2-equivalent in 2024, according to the 2025 Statistical Review of World Energy. This sobering milestone, reported by OilPrice.com, underscores a persistent reality: the world’s push for wind, solar, and hydrogen has failed to […]
Energy News Beat This week, the National Energy System Operator (“NESO”) published its final report into the North Hyde substation fire on 20 March that caused a local power outage which cut supplies to over 71,500 homes and businesses including nearby Heathrow Airport. The airport was without power for most of the day, disrupting thousands […]
Energy News Beat “Spark30S (Atlantic) freight rates fell sharply this week, dropping by $6,750 to $42,000 per day this week and the largest week-on-week decline since January,” Spark’s data lead Qasim Afghan told LNG Prime on Friday. Similarly, Spark25S (Pacific) rates decreased by $2,500 to $40,000 per day, he said. Is Oil & Gas Right for Your […]
Energy News Beat Enarsa revealed this in a document posted on its website after it completed three tenders seeking spot cargoes. Each of the cargoes, with a capacity of 2,100,000 MMBtu, is expected to meet peak seasonal demand for natural gas. Is Oil & Gas Right for Your Portfolio? The document shows that Enarsa selected […]
Energy News Beat Energy Drilling SED Energy Holdings, a company recently created through the merger of SeaBird Exploration and Energy Drilling, has signed a contract with Thailand’s PTTEP for one of its drilling rigs. The contract, awarded to the company’s wholly owned subsidiary Energy Drilling, is for an offshore drilling campaign using the 2014-built EDrill-2 […]
Energy News Beat South Korea’s Samsung Heavy Industries is set to deepen its footprint in Southeast Asia through a newly announced strategic partnership with PetroVietnam, marking a significant step in Vietnam’s ambitions to become a regional shipbuilding hub. The collaboration will focus on the construction of oil and chemical tankers at Vietnamese yards, leveraging Samsung […]
Energy News Beat Kenya Port Authority The Competition Authority of Kenya (CAK) has launched an investigation into several multinational companies operating in Kenya’s shipping and logistics sector over allegations of market abuse, collusion, and discriminatory practices that have marginalised local players. The investigation follows complaints by the Kenya Transporters Association and the Kenya International Freight […]
