Author: Erick Parel

NextDecade, Jera seal 20-year LNG SPA – and what is the Energy mix for Japan

Energy News Beat ENB Pub Note: The update from LNGPrime is below on the 20-year LNG SPA, and I have included the LNG summary and energy mix for Japan above. Japan’s LNG Imports In fiscal year 2023 (April 2023–March 2024), Japan imported approximately 64.89 million metric tons of liquefied natural gas (LNG), equivalent to about […]

Solar is MORE expensive than Gas (w/ receipts)

Energy News Beat Daily Standup Top Stories Spain – the aftermath by Doug Sheridan – Wind and Solar are infact more expensive May 28, 2025 Clark Savage ENB Pub Note: This is an outstanding post on LinkedIn from Doug Sheridan, and I have invited him to be on the Energy News Beat podcast several times, but […]

Understanding Economic Growth vs. Debt and Spending – Without DOGE cuts the falicy of growing our way out out of dept is just foolish thinking.

Energy News Beat Peter St Onge, Ph.D. is one of my favorite X personalities in the finance world. He just posted a great post, and it prompted me to do a little digging. I have also reached out to him to be in the Energy News Beat Podcast. It would be fun to have Peter […]

Oil Prices Jump After Court Blocks Trump’s Tariffs

Energy News Beat A U.S. trade court ruled President Trump exceeded his authority by imposing tariffs, reinforcing congressional control over trade. Oil prices rose over 1% as traders welcomed the ruling and bullish signals from demand forecasts countering glut concerns. Analysts remain cautious due to expected OPEC+ supply increases and the limited impact of new […]

Noble fixes rig on UK carbon storage project

Energy News Beat Offshore rig owner Noble Corporation has secured work for its jackup Noble Innovator on the UK North Sea carbon storage project. The New York-listed Texas-headquartered driller has won a new contract from BP which will see the 2003-built ultra-harsh environment unit drill six firm wells for the Northern Endurance Partnership (NEP). The […]

Eni selling nearly half of its carbon capture business to BlackRock’s GIP

Energy News Beat Eni is selling nearly half of its carbon capture business, which prompts me to pause and examine the overall market first. We have seen the failure of Shell and BP’s run at the green energy markets, and is Eni getting back to being an oil company? We will be watching. Global Carbon […]

Avenir seals multi-year vessel deal with Excelerate Energy

Energy News Beat Avenir LNG Small-scale liquified natural gas (LNG) player Avenir has landed a charter extension with Excelerate Energy for one of its vessels. The London-based outfit with five LNG bunker ships on the water and two under construction has fixed the 2021-built Avenir Accolade on a multi-year deal, following Excelerate’s acquisition of New […]

What is the Energy mix in Brazil and Petrobras awards offshore work worth over $500m to Mota-Engil

Energy News Beat ENB Pub Note: The update on offshore work is provided below, along with the energy mix and oil production for Brazil.  Oil Production in Brazil In 2024, Brazil produced an average of 3.358 million barrels per day (bbl/d) of oil, a slight decrease of 1.29% from the 2023 record of 3.402 million […]

Sanctions still don’t work as intended – nor should we expect them to bring Putin to the table.

Energy News Beat Estimating Russia’s revenue from oil, gas, and LNG over the last four years (2021–2024) and its share of GDP involves compiling data from available sources, acknowledging gaps, and making reasonable approximations. Below, I provide a year-by-year breakdown of fossil fuel export revenues, federal budget revenues from oil and gas, and their contribution […]

America’s difficult path to resurrect its shipyards

Energy News Beat AmericasShipyards Philly Shipyard Philly Shipyard Donald Trump’s bid to resurrect American shipbuilding faces some stern demographic challenges. The American president has made shipbuilding a central plank of his industrial policies since returning to power in January. However, the maths behind having 250 US-built ships in 10 years’ time look daunting.  A new […]