Energy News Beat In a significant development for the global energy sector, Russian President Vladimir Putin has signed a decree that could pave the way for Exxon Mobil to reclaim its stake in the Sakhalin-1 oil and gas project, marking a potential thaw in U.S.-Russia energy relations amid ongoing geopolitical tensions. This move comes three […]
Energy News Beat Venture Global recently took FID on the first phase of its CP2 LNG project. First LNG from this phase is expected in late 2027. The company also closed the $15.1 billion project financing, claiming that it represents the largest standalone project financing ever, and the second-largest project financing after the combined financings […]
Energy News Beat In an era where headlines are dominated by stock market volatility, housing bubbles, and geopolitical tensions, a quieter but potentially devastating economic threat is brewing: electricity inflation. Over the past five years, electricity prices have surged by 35%, far outpacing the modest 12% increase seen in the decade prior. This isn’t just […]
Energy News Beat Golar revealed this in its second-quarter results report on Thursday. The company said it had increased its focus on securing “attractive” FLNG growth units, following 20-year charter deals in Argentina for FLNG Hilli Episeyo and the MKII FLNG, currently under conversion at CIMC Raffles shipyard in Yantai, China. In addition, FLNG Gimi reached the […]
Energy News Beat Origin said in its full-year report that this was partially offset by lower realized LNG prices and the reduction in revenue following completion of the price review with China’s Sinopec effective from January 2025, as well as lower domestic volumes delivered under short-term contracts. APLNG revenue reached about A$9.95 billion ($6.5 billion) […]
Energy News Beat EuropeGas Knutsen LNG Knutsen LNG Norwegian shipleasing specialist Ocean Yield and KKR-managed vehicles have agreed to acquire CapeOmega Gas Transportation from private equity firm Partners Group, expanding their exposure to the LNG sector. CapeOmega holds joint ownership in a fleet of ten 174,000 cu m LNG carriers operated by Knutsen. Seven of […]
Energy News Beat The US decision to go public on its offensive against the International Maritime Organization’s proposed net-zero framework has created considerable debate within the shipping community. Various ministers within the Donald Trump administration issued a joint statement this week branding the plan a “global carbon tax on Americans” and threatening retaliation ahead of […]
