Energy News Beat In a landmark move poised to reshape America’s freight rail landscape, Union Pacific (UP) and Norfolk Southern (NS) announced a proposed $85 billion merger on July 29, 2025. This deal, if approved by regulators, would create the nation’s first true transcontinental railroad, spanning over 50,000 miles across 43 states and unifying the […]
Energy News Beat Welcome back to the Energy News Beat Channel, where we break down the latest developments shaking up the global oil markets. Today, we’re diving into the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report, released on August 6, 2025, for the week ending August 1. The headline? U.S. crude oil inventories […]
Energy News Beat In a move that underscores the shifting dynamics of global energy alliances, the United States and Pakistan have inked a significant trade and energy pact aimed at unlocking Pakistan’s untapped oil reserves. Announced by President Donald Trump via his Truth Social platform, the agreement not only promises to bolster Pakistan’s domestic energy […]
Energy News Beat In a move signaling ongoing efforts to streamline operations and boost profitability, British energy giant BP has announced plans to eliminate approximately 6,200 office-based roles this year, marking an increase from its earlier target of 4,700 job cuts. This latest round of reductions comes as part of a second comprehensive business review […]
Energy News Beat Daily Standup Top Stories What is the Difference Between Oil, Gas and Wind, Solar and Hydrogen? Returns to investors and shareholders is the key. Stu Turley New Study Finds Wind-Turbine Dismantling Costs Are More Than Claimed, and There Is a Crisis Looming August 5, 2025 Clark Savage As the world races toward renewable […]
Energy News Beat In a volatile week for global energy markets, oil prices have edged higher, with Brent crude futures climbing to $68.70 per barrel and West Texas Intermediate (WTI) reaching $65.90 per barrel as of August 6, 2025. This modest rebound comes amid escalating U.S. trade threats under President Donald Trump, which are offsetting […]
Energy News Beat Data source: U.S. Energy Information Administration, Form EIA-930, Hourly and Daily Balancing Authority Operations Report Electricity demand in the Lower 48 states exceeded previous peaks on two days in the last week of July. Hot weather, which increases electricity demand for cooling, combined with an underlying trend of demand increases, pushed coincident peak demand for […]
Energy News Beat RegulatoryTankers Despite a torrent of sanctions from the US, UK, and EU this year, the shadow tanker fleet continues to expand at pace, according to new figures from broker BRS. The so-called grey fleet (see BRS methodology for assessing what constitutes a grey tanker at end of article) — comprising oil tankers […]
Energy News Beat According to shipment data by state-owned Perupetro, during July, the 4.4 mtpa LNG plant sent one shipment to the Netherlands, and two shipments each to France and South Korea. The shipments loaded onboard the LNG carriers LNG Prosperity, GasLog Gladstone, New Nature, GasLog Genoa, and Pan Americas equal about 349,896 tonnes, the […]
Energy News Beat Venture Global said the uprate approval increases Calcasieu Pass’ permitted peak liquefaction capacity from 12.0 million tonnes per annum (mtpa) to 12.4 mtpa. In a separate statement, DOE announced that it signed a final authorization for additional LNG exports to non-free trade agreement (non-FTA) countries from Venture Global’s Calcasieu Pass project in […]
