Energy News Beat In 2024, Chinese investments in Brazil surged to $4.18 billion across 39 projects, marking a 113% increase from the previous year and positioning Brazil as the top emerging market for Chinese capital. This influx, heavily concentrated in the energy and oil sectors, reflects Beijing’s strategic push to secure resources amid global energy […]
Energy News Beat The significant and growing energy demands of artificial intelligence are prompting a rapid expansion of energy production, often involving fossil fuel plants. This rush to increase energy capacity, including the reactivation of old coal plants, raises concerns about AI’s potential to undermine global decarbonization efforts. Major tech companies like Google are experiencing […]
Energy News Beat In a bold op-ed published in the Wall Street Journal, U.S. Treasury Secretary Scott Bessent has issued a scathing critique of the Federal Reserve, calling for a sweeping overhaul of the central bank’s operations. Bessent, a key figure in the Trump administration’s economic team, argued that the Fed’s recent policies have fueled […]
Energy News Beat AI isn’t just changing the way we work; it’s rewriting the energy demand curve. Every time a data center spins up to train a model or run cloud services, it pulls massive amounts of power from the grid. And the truth is, our current grid isn’t ready for how fast that demand […]
Energy News Beat PSA Mumbai The prime ministers of India and Singapore gave speeches yesterday ahead of the inauguration of what will become India’s largest container terminal. With the inauguration of its phase two expansion, PSA Mumbai is poised to become India’s largest container terminal, doubling its annual handling capacity to 4.8m teu. Designed to […]
Energy News Beat According to a stock exchange filing, Hanwha Ocean will build the LNG carrier for an unidentified North American owner. The contract is worth 351.2 billion won ($252 million). Hanwha Ocean will deliver the newbuild LNG carrier by March 2028. The shipbuilder did not provide further information. LNG Prime was unable to determine […]
Energy News Beat Exmar confirmed in its half-year report that the two firms failed to agree on the performance bonus, and Eni has “referred this matter to the London Court of International Arbitration.” Back in 2022, Exmar sold the FLNG to Italy’s Eni for deployment in the Republic of Congo, also known as Congo-Brazzaville. Besides buying Tango […]
Energy News Beat Kospo said it will receive a total of 4.4 million tons of natural gas from Kogas for 10 years from 2027. Unlike the existing “average rate system” where Kogas supplies gas uniformly to all power generators at the average price of all its LNG import contracts, this contract includes the “individual pricing […]
Energy News Beat NEW YORK–(BUSINESS WIRE)–New Fortress Energy Inc. (Nasdaq: NFE) (“NFE” or the “Company”) today reported its financial results for the second quarter of 2025. Adjusted EBITDA(1) of $(4) million in the second quarter of 2025 Net loss of $557 million in the second quarter of 2025 Significant non-cash impairments of assets and goodwill totaling […]
Energy News Beat In a move signaling a strategic pivot toward reclaiming market share amid softening global demand, OPEC+ has reached a preliminary agreement to boost oil production starting in October 2025. Key members of the alliance, including Saudi Arabia and Russia, are set to discuss and likely approve an addition of approximately 137,000 barrels […]
