Energy News Beat It also wrote down its €1 trillion in gold by €30 billion due to its price decline in euros in Q2. By Wolf Richter for WOLF STREET. The ECB’s two big QE categories – loans to banks and bonds – declined by €64 billion in June, to €3.98 trillion combined, the lowest since June 2020, […]
Energy News Beat Under the deal, SEFE’s subsidiary, SEFE Energy, will purchase an additional 0.75 million tonnes per annum (mtpa) of LNG from CP2 LNG, Venture Global’s third project, for 20 years. Ventire Global said this amends the existing sales and purchase agreement signed by the companies in 2023, increasing the total volume of LNG […]
Energy News Beat South America is emerging as the epicenter of a new oil boom, with Brazil, Guyana, and Argentina leading the charge. As global oil majors like ExxonMobil, Chevron, and others pivot to these resource-rich nations, their low-cost, low-emission production opportunities are reshaping drilling programs and offering significant implications for investors and corporate balance […]
Energy News Beat The European Union, long a champion of the green energy transition, is facing a stark reality: fossil fuel power generation is surging as renewable energy sources struggle to meet demand. A recent report from OilPrice.com highlights this shift, noting that coal and gas plants are expected to increase output by 50% this […]
Energy News Beat Gulfstream LNG said in its application dated July 7 that it requests the Commission to issue an order granting the authorization to site, construct, and operate the liquefaction and export facility by no later than December 31, 2026 to allow the company to commence commercial exports by early 2030. In May 2024, […]
Energy News Beat Preliminary data from the Directorate General of Customs shows that the country received 1.90 million tonnes of LNG in June This is down 0.5 percent year-over-year compared to 1.91 million metric tons in June 2024, and the first monthly drop since January this year. Is Oil & Gas Right for Your Portfolio? […]
Energy News Beat Exclerate said in a social media post on Tuesday that the reliquefaction unit is expected to be installed during the next planned dry dock for the 2014-built 174,000-cbm Experience. “As the sole provider of FSRUs to Petrobras, Excelerate is proud to support this next step in our partnership,” the company said. Is […]
Energy News Beat Besides 801 LNG stations, there are 4239 CNG fueling stations for vehicles in Europe, data by the Brussels-based association shows. Established in 1990, Eurogas now has over one hundred members across Europe and the world. Is Oil & Gas Right for Your Portfolio? Last year, Eurogas merged with NGVA Europe, which said […]
Energy News Beat Daily Standup Top Stories UAE Says Oil Market Needs More Oil with Healthy Demand July 9, 2025 Clark Savage 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 […]
Energy News Beat India Coast Guard The Kerala state government has filed an admiralty suit against Mediterranean Shipping Company (MSC), seeking $1.1bn in compensation for environmental and economic damages resulting from the sinking of the MSC Elsa-3 off the state’s coast on May 25. The Liberian-flagged, 1997-built containership, en route from Vizhinjam to Kochi, capsized […]
