Author: Erick Parel

Duke Energy Corporation (NYSE: DUK) released its Q1 2025 earnings

Energy News Beat Duke Energy Corporation (NYSE: DUK) released its Q1 2025 earnings on May 6, 2025, reporting strong financial performance that surpassed analyst expectations. Below is a detailed analysis of the key metrics, segment performance, and strategic insights from the earnings report, based on available data. Key Financial Highlights Adjusted Earnings Per Share (EPS): […]

Gladstone LNG exports up in April

Energy News Beat About 2 million tonnes of LNG or 31 cargoes left the three Gladstone terminals on Curtis Island last month, GPC’s data shows. This compares to about 1.98 million tonnes of LNG or 30 cargoes in April 2024. April LNG exports decreased compared to 2.17 million tonnes of LNG or 34 cargoes in March this year. Curtis […]

NextDecade to launch financing process for fourth Rio Grande LNG train

Energy News Beat In an update on Tuesday, NextDecade said that once the financing arrangements are finalized, it expects to make a positive FID (final investment decision) on Train 4. The company expects to finance the construction of the train utilizing a combination of debt and equity funding. In connection with consummating the Rio Grande […]

Why did Saudi Arabia raise prices to the Asia market while increasing OPEC+ production quotas?

Energy News Beat Earlier this week, I published an article titled “What does the OPEC+ increase of 411,000 mean to the United States?” I was asked about Saudi Arabia’s increase in the Asia market and how it would impact the United States. Those two points are broken out into sections below. They seem to be trying […]

ZeroHedge In The White House: Who Blew Up The Nord Stream Pipelines? Trump Responds

Energy News Beat ENB Pub Note: President Trump knows who blew up the Nord Stream pipelines. This is a terrific article from ZeoHedge’s Tyler Durden. We all speculated, and we are thrilled to see the White House have reporters like Tyler in the Oval Office who can ask fundamental questions to a real president: great […]

Ocean Yield increases stake in French LNG player

Energy News Beat Norwegian owner and sale and leaseback player Ocean Yield has increased its stake in France’s Geogas LNG. In July 2024, Ocean Yield took over interests from infrastructure fund CVC DIF, which held a 31% stake in Geogas LNG. This provided the company with an indirect economic interest of 34% in France LNG […]

Cheniere to introduce fuel gas to second Corpus Christi LNG expansion train

Energy News Beat According to a filing with the US FERC dated May 6, Cheniere’s unit Corpus Christi Liquefaction (CCL) sent compliance statements and associated documentation to the regulator. “The compliance statements and associated documentation are in support of a forthcoming request by CCL to introduce fuel gas to midscale Train 2,” it said. A […]

Energy Transfer seals Lake Charles LNG supply deals

Energy News Beat During the company’s earnings call on Tuesday, Energy Transfer’s co-CEO, Tom Long, said that Energ Transfer is making “substantial” progress towards commercialization of the project. He noted that Lake Charles LNG and MidOcean Energy, the LNG unit of US-based energy investor EIG, recently signed a heads of agreement, which provides a non-binding framework […]

Apollo snaps up LNG shipping platform Hav Energy – for 10 LNG Tankers

Energy News Beat ENB Pub Note: This article is quietly essential, as President Trump is talking about buying tankers. We need American-flagged LNG tankers at a huge volume, and we also need cargo carriers so we can’t have sanctions placed on our exports. We are looking up information, but the ship sizes built by Hyundai […]

Saudi Deficit & US Oil Cuts: What’s Next for Prices?

Energy News Beat Daily Standup Top Stories Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash May 6, 2025 Clark Savage ENB Pub Note: The story below is from Tsvetana Paraskova on Oilprice.com, and she has some great points about the Saudi Budgets. I have been saying that the Saudis need the $80 to $85 […]