Energy News Beat As tensions simmer between the United States and Brazil, a potential trade war looms, with oil emerging as a central battleground. U.S. President Donald Trump’s threat to impose a 50% tariff on Brazilian imports starting August 1, 2025, has put Brazil’s vital oil export sector under scrutiny. This article explores the trade […]
Energy News Beat PGN said in a statement that this exploration is carried out to follow up on the potential utilization of natural gas from the Andaman block, which was formalized through the signing of a memorandum of understanding between PGN and Mubadala Energy on July 2. With an 80 percent working interest in South […]
Energy News Beat Petronet and Deepak Fertilisers announced the signing of the agreement in separate statements on Thursday. Performance Chemiserve Limited (PCL), a step-down subsidiary of Deepak Fertilisers signed the deal with Petronet. The deal is for 5.5 years. It is expected to start between May 2026 and July 2026 and end on December 31, […]
Energy News Beat Compared with EIA’s June forecast, the agency expects more natural gas in storage in the coming months because of slightly more natural gas production and less power sector demand. EIA’s forecast for more natural gas in storage and lower prices comes after seven consecutive weeks (from late April to early June) of […]
Energy News Beat According to a statement by REN, tank No. 90,000 was loaded at the Sines LNG terminal on June 27. “This is a very significant number for an activity that began in 2004 and which, in addition to supplying mainland Portugal, also serves the island of Madeira,” the firm said. In addition, the […]
Energy News Beat ONE While the Red Sea has roared back to the front pages of the shipping press this week, and the Black Sea remains blighted by war, one other chokepoint that has caused supply chain chaos in recent years has reported that it is operating at full capacity. The Panama Canal, which suffered […]
Energy News Beat Newcastle Coal Infrastructure Group China is slashing coal imports dramatically, forcing the world’s largest coal export port to contemplate a future beyond the black fossil fuel. This decline is largely driven, according to analysis by Greek broker Intermodal, by rising domestic coal output in China, elevated inventories, increased coal transportation via rail […]
Energy News Beat The global shipping industry has been rocked by two deadly attacks this week in the Red Sea, with Yemen’s Houthi rebels launching their most violent maritime campaign since early 2024, killing at least three seafarers, wounding others, and reportedly kidnapping crew. The bulk carrier Eternity C, owned by Greek interests and flagged […]
Energy News Beat Ørsted Danish offshore wind developer Ørsted has secured TWD 90bn ($3bn) in financing for the 632MW Greater Changhua 2 wind farm off Taiwan. The financing deal was arranged with 25 banks and five export credit agencies and covers part of the financing for the project. Simultaneously, the company is progressing with an […]
