Energy News Beat In a historic step toward securing America’s energy and technological future, U.S. Energy Secretary Chris Wright will break ground on July 11, 2025, at Ramaco Resources’ Brook Mine Carbon Ore Rare Earth project in Ranchester, Wyoming—the first new rare earth mine in the United States in over seven decades. This milestone, celebrated […]
Energy News Beat Saudi Aramco, the world’s largest oil exporter, is making waves in the liquefied natural gas (LNG) market with advanced negotiations to secure 2 million tonnes per annum (Mtpa) of LNG from Commonwealth LNG’s terminal in Cameron, Louisiana, according to an exclusive Reuters report. This move signals Aramco’s strategic pivot to diversify its […]
Energy News Beat Copper prices have gone stratospheric, with U.S. Comex futures spiking as much as 17% in a single day—the largest intraday gain in over three decades—following President Donald Trump’s announcement of a 50% tariff on copper imports. The move, part of a broader trade strategy to bolster domestic production, has sent shockwaves through […]
Energy News Beat The global oil market is showing signs of robust demand, according to United Arab Emirates Energy Minister Suhail al-Mazrouei, who recently stated that the market is “thirsty” for additional OPEC+ barrels. Speaking at a biennial OPEC seminar, Mazrouei highlighted that despite recent production increases by OPEC+, global oil inventories have not significantly […]
Energy News Beat The Department of Energy report is an eye-opening document, and I am glad that they are addressing this issue now, rather than waiting until 2030. The United States has experienced minimal electricity demand growth, and now, with 104 GW of energy set to retire and only 22 GW coming online, a considerable […]
Energy News Beat Daily Standup Top Stories Shell and TotalEnergies Boosting Oil and Gas Output in Nigeria: A Global Trend with Financial Implications July 8, 2025 Clark Savage The global energy landscape is witnessing a resurgence in oil and gas production, with major players like Shell and TotalEnergies leading the charge in Nigeria, Africa’s top oil […]
Energy News Beat Shelf Drilling United Arab Emirates-based jackup rig pure-play Shelf Drilling has won an extension for one of its rigs. Italian energy giant Eni awarded a one-year extension to the 1980-built Key Manhattan. Work under the extension will start in direct continuation of its current contract. The total added contract value is approximately […]
Energy News Beat There’s no stopping the tsunami of maritime podcasts hitting the airwaves. Chris Aversano, host of the entertaining podcast The Last Dinosaur, has produced his annual maritime podcast landscape (see below) with five names deleted for inactivity and a further 12 added, taking the total number of commercial shipping-focused podcasts to 61. “It’s […]
Energy News Beat A new policy brief by the Washington DC-based International Council on Clean Transportation (ICCT)is urging the maritime industry to adopt a global 0.1% fuel sulphur limit and to ditch open-loop scrubbers. This move aims to significantly reduce air pollution and its associated health risks, building upon the International Maritime Organization’s (IMO) 2020 […]
Energy News Beat Dry Cargo Bocimar Bocimar Activity in the secondhand bulker market has surged in the opening days of July, with owners pushing hard to finalise sales ahead of the summer holidays. Despite persistent weakness in dry cargo charter rates, there’s been a notable uptick in transactions, particularly in the capesize segment, as first-tier […]
