Energy News Beat By ZeroHedge The global oil and gas industry is facing a severe downturn with widespread job losses and investment cuts. Falling crude prices, exacerbated by OPEC+ output increases, are making it difficult for western majors to fund projects and shareholder payouts. The downturn is significantly impacting the US shale industry and raising concerns […]
Energy News Beat ENB Pub Note: This article is from the Substack of Robert Bryce and it is fantastic. The world is waking up, and the rejection of the wind, solar and storage projects is growing. Don’t get me wrong, solar without subsidies has its place, and the grid has to take into account the […]
Energy News Beat In a dramatic turnaround amid California’s escalating energy crunch, state legislators are reportedly negotiating to hand over hundreds of millions of dollars to Valero Energy Corp. to prevent the shutdown of its Benicia refinery in the San Francisco Bay Area. The facility, which processes 145,000 barrels per day, was slated to cease […]
Energy News Beat The agreement establishes a framework for long-term collaboration that will leverage Argent LNG’s US export capacity and EPIAS’s role as Turkiye’s central energy trading platform, according to a statement sent to LNG Prime. The deal was signed on Tuesday during the Gastech exhibition and conference, currently being held in Milan, Italy. Are […]
Energy News Beat Under the HoA, TotalEnergies will deliver 1 million tons of LNG per year over a 10-year period starting from the end of 2027, according to TotalEnergies. Awarded to TotalEnergies by Kogas following an international tender, this contract increases to 3 Mt per year from 2028 onward the volume of LNG supplied by […]
Energy News Beat NextDecade said late on Tuesday that it has closed financial transactions to fully fund Train 4 and related infrastructure, and issued a full notice to proceed to Bechtel for the unit. Train 4 has expected LNG production capacity of approximately 6 mtpa, bringing the total expected LNG production capacity under construction at […]
Energy News Beat Global mining group Anglo American and Canadian miner Teck Resources have agreed to merge in a deal that will create one of the world’s largest copper producers with a combined market value of over $53bn. The combined group, to be named Anglo Teck, will rank among the top five copper players globally, […]
Energy News Beat Under the sales and purchase agreement, ConocoPhillips will purchase 1 million tonnes per annum (mtpa) of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, according to statements by NextDecade and ConocoPhillips. The deal remains subject to NextDecade making a positive final investment decision […]
