Author: Erick Parel

Greenland’s mineral wealth is out of EU’s reach – the US isn’t the reason

Energy News Beat [[{“value”:” NUUK, Greenland – Beneath Greenland’s icy surface lies a wealth of untapped minerals crucial for the green transition – and for the island’s push toward financial independence from Denmark. Much has been made of renewed American interest in Greenland since Donald Trump suggested the US should buy it for “economic security” […]

France unveils €109 billion AI investment plan

Energy News Beat [[{“value”:” President Macron said France will attract €109 billion in data centres and AI projects “in the coming years,” making it the first European country with AI infrastructure on par with the US and China. Ahead of the Artificial Intelligence Action Summit starting today in Paris, France is going all in to […]

Baltic states cut energy ties with Russia as Poland strengthens cooperation

Energy News Beat [[{“value”:” WARSAW – As the Baltic states finalized their transition from Russia’s electricity grid to the EU system on Sunday, cutting a decades-old Soviet-era connection, the LitPol link between Lithuania and Poland became operational. At 1:05pm local time, Lithuania’s electricity transmission system operator, Litgrid, announced that the Baltic states had successfully synchronised […]

BP, partners achieve first LNG at Tortue project

Energy News Beat Dallas-based Kosmos announced on Monday that first LNG production has been achieved at the BP-operated GTA LNG project. Last month, BP and its partners started flowing gas from wells at the GTA Phase 1 LNG project to its floating production storage and offloading (FPSO) vessel for the next stage of commissioning. At […]

Trump threatens sweeping tariffs on key metal imports

Energy News Beat [[{“value”:” The US president says he will slap additional 25% levies on all steel and aluminum purchases US President Donald Trump has threatened to hike tariffs on key metals imports. Speaking to reporters on board Air Force One on Sunday, Trump said he planned to place new 25% levies on all steel […]

EU nations aim to seize alleged ‘Russian shadow fleet’ vessels – Politico

Energy News Beat [[{“value”:” Cargo ships could reportedly be impounded on grounds of supposed piracy and the threat of environmental incidents Several EU members are considering strengthening the legal framework for seizing ships in the Baltic Sea with the aim of undermining Russian trade, Politico reported on Monday, citing insiders. Finland, Estonia, Lithuania, and Latvia […]

Deutsche ReGas terminates FSRU charter deal

Energy News Beat Deutsche ReGas announced the termination of the contract with the German Federal Ministry for Economic Affairs and Climate Protection in a statement on Monday. The vessel is one of two floating storage and regasification units (FSRUs) currently operating at the “Deutsche Ostsee” LNG import terminal in Mukran. Since December 2024, state-owned LNG […]

The battle for 5% that will shape Germany’s next government

Energy News Beat [[{“value”:” BERLIN/POTSDAM – The lack of spring in Christian Lindner’s step heralds the murky electoral prospects of Germany’s liberal Free Democratic Party (FDP).  Just a few months ago, the FDP leader was Germany’s finance minister, revelling in the role as Europe’s primary austerity advocate, who had the French begging for mercy just […]

TGS adds to 4D streamer backlog offshore Norway

Energy News Beat EuropeOffshore TGS Oslo-listed surveyor and seismic data specialist TGS has won two new contracts offshore Norway. The work scope covers 4D streamer acquisition projects, one in the North Sea and one in the Norwegian Sea, the company said Monday. The projects are scheduled to be acquired back-to-back, starting in June this year. […]

Crew evacuate laden suezmax in Russia after engine room explosions

Energy News Beat EuropeTankers A series of explosions yesterday in the engine room of a 22-year-old suezmax at the Russian Baltic port of Ust-Luga has put neighbour Finland on alert.  The Turkish-owned Koala tanker, laden with 130,000 tonnes of heavy fuel oil, was about to set off from Ust-Luga when three explosions ripped through the […]