Energy News Beat In the ever-evolving landscape of global finance, whispers from Beijing suggest that China may be on the cusp of a groundbreaking move: unveiling a new initiative that could position the yuan as a formidable contender in the international currency arena. While no official announcement has been made as of September 2025, recent […]
Energy News Beat In recent years, Germany has been at the forefront of the global energy transition, championing ambitious green policies and aggressively phasing out both coal and nuclear power. However, as the country grapples with energy shortages and growing instability in its power grid, natural gas is emerging as a critical resource to keep […]
Energy News Beat In a bold move signaling robust growth in the energy sector, Mitsubishi Heavy Industries Ltd. (MHI) has announced plans to double its gas turbine production capacity over the next two years. This decision comes amid surging global demand for gas turbines, fueled by the need for equipment replacements and the rapid expansion […]
Energy News Beat The United States has achieved a new milestone in its liquefied natural gas (LNG) sector, exporting a record-breaking 9.33 million metric tons (MT) in August 2025. This figure surpasses the previous monthly high of 9.25 MT set in April 2025 and represents a notable increase from July’s 9.1 MT. The surge is […]
Energy News Beat Data source: U.S. Energy Information Administration, Petroleum Supply Monthly (total U.S. production) and Enverus (county-level data) Data values: U.S. Field Production of Crude Oil Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (b/d), 93% of which was produced from just 10 counties in Texas […]
Energy News Beat Cheniere’s Corpus Christi plant currently liquefies natural gas at three operational trains, each with a capacity of about 5 mtpa. In June 2022, Cheniere made the final investment decision on the Corpus Christi Stage 3 expansion project, worth about $8 billion, while compatriot Bechtel officially started construction on the project in October of the same year. Are […]
Energy News Beat Floater specialist BW Offshore has signed a head of agreement with Equinor confirming its selection as the preferred bidder for the FPSO unit for the Bay du Nord project offshore Newfoundland and Labrador, Canada. Bay du Nord, Canada’s first deepwater oil project, is operated by Equinor in partnership with BP and holds […]
Energy News Beat In a significant move to curb Iran’s illicit oil revenues, the U.S. Treasury Department has imposed sanctions on a shipping network accused of smuggling Iranian crude oil by disguising it as Iraqi crude. The network, led by Iraqi-Kittitian businessman Waleed Khaled Hameed al-Samarra’i based in the United Arab Emirates, is said to […]
