Energy News Beat In the race to decarbonize, Spain has emerged as a frontrunner in Europe, boasting one of the continent’s highest shares of renewable energy from solar and wind. By mid-2025, renewables accounted for over 50% of the country’s electricity generation, with solar photovoltaic capacity surging past 30 gigawatts and wind nearing 30 gigawatts […]
Energy News Beat In a market already grappling with supply concerns and shifting global dynamics, oil prices dipped modestly this week following the U.S. Energy Information Administration’s (EIA) latest Weekly Petroleum Status Report. Released on September 4, 2025, the report confirmed an unexpected build in crude oil inventories, adding downward pressure to prices that have […]
Energy News Beat In a bold move to rein in the chaos gripping its solar industry, China is cracking down on destructive price wars that have left the sector bloated with overcapacity and drowning in billions of dollars in losses. As the world’s dominant solar manufacturer, China’s struggles are sending ripples through global energy markets, […]
Energy News Beat Woodfibre LNG said in a statement that this increase reflects the “evolving realities of delivering a complex, first-of-its-kind energy project in Canada—using hydroelectricity for liquefaction, net zero from day one and uniquely regulated by an Indigenous government under a consent-based environmental assessment agreement.” The JV noted that key cost drivers include remediation, […]
Energy News Beat Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share for the block of A-shares in the Copenhagen- and New York-listed firm. The transaction is subject to […]
Energy News Beat German owner TB Marine and Sweden’s Ektank have signed up for 22,000 dwt methanol-ready chemical carriers to join the IceChem Tankers pool. The Danish pool operator said four ships have been contracted, with the first newbuild due in autumn 2026, and subsequent units arriving every three months until summer 2027. Are you […]
Energy News Beat French OSV owner Bourbon has strengthened its long-standing relationship with ExxonMobil in Angola with a five-year charter for newbuild crew transfer vessels. The deal will see Bourbon Mobility deliver tailor-made 34-m crewboats to shuttle personnel between Soyo and Block 15, located around 80 miles offshore. The new units will replace 32-m vessels […]
Energy News Beat Malaysia’s Nam Cheong has terminated a charter deal for one of its offshore support vessels with an offshore wind farm contractor in Japan after the charterer failed to meet its obligations. The Singapore-listed company said the contract collapsed following the cancellation of the charterer’s downstream agreement with its end-user, leaving it unable […]
Energy News Beat Saudi Arabia’s ADES has signed a multi-year contract extension with QatarEnergy for its jackup rig Aquamarine Driller, marking its second long-term award in Qatar this year. The deal secures the rig for a firm period of four years, with three additional one-year options. If fully exercised, the contract would run to 2032. […]
Energy News Beat Daily Standup Top Stories China may be About to Unveil a New Global Currency: Dollar Dominance Challenged, Global Trade Reshaped September 3, 2025 Clark Savage 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 […]
