Author: Erick Parel

What is the future of BRICS?

Energy News Beat What is the future of BRICS? With significant changes facing the world right now, what is the future of the BRICS Movement? David Blackmon, Irina Slav, Tammy Nemeth, and Stu Turley will discuss the key issues surrounding the BRICS live on X, LinkedIn, and YouTube on Monday at 8:00 Central US time. […]

UK blacklists 40 shadow fleet ships

Energy News Beat Will Rose / Greenpeace The UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of oil tankers sanctioned by the UK to 133—more than any other European nation. Publishing details of […]

Charting U.S. Oil Future

Energy News Beat Daily Standup Top Stories Redrawing of global energy markets map set to heap benefits on US February 23, 2025 Clark Savage The prospects of peace and the return of Russian gas looks likely to serve the interests of Donald Trump The Kremlin’s invasion of Ukraine three years ago has reverberated through the global […]

AGDC: market interest in Alaska LNG continues to rise

Energy News Beat AGDC stated this via its social media after Philippine Ambassador to the US Jose Manuel Romualdez said that the Philippines plans to procure LNG from Alaska to meet its growing needs to develop the country’s energy sector. Last month, Glenfarne confirmed to LNG Prime that it had entered into an exclusive agreement […]

American AI Is High on Its Own Supply

Energy News Beat Why hasn’t the messianic urge for “efficiency” hit the tech industry? ​ Argument An expert’s point of view on a current event. American AI Is High on Its Own Supply Why hasn’t the messianic urge for “efficiency” hit the tech industry? By Bhaskar Chakravorti, the dean of global business at Tufts University’s […]

Adnoc wraps up $2.84 billion offering of Adnoc Gas shares

Energy News Beat Adnoc said in a statement that the offering of 3.1 billion ordinary shares in Adnoc Gas represents 4 percent of the issued and outstanding share capital of the company. According to Adnoc, the offering saw “exceptional” demand from institutional investors in the GCC and internationally, with a total oversubscription of 4.4x. It […]

Cheniere targets Sabine Pass LNG expansion FID in 2026 or 2027

Energy News Beat Cheniere’s Sabine Pass facility currently has a capacity of about 30 mtpa following the launch of the sixth train in February 2022. In December 2023, Cheniere said it plans to build two instead of three liquefaction trains as part of the Sabine Pass Stage 5 expansion project with an optimized unit/cost footprint. The project […]

BP, partners near first Tortue LNG cargo

Energy News Beat BP operates GTA with a 56 percent working interest alongside Kosmos Energy (27 percent), Petrosen (10 percent), and SMH (7 percent).  “The first LNG cargo is expected later this quarter, with an LNG tanker currently standing by the hub terminal ready for loading,” Dallas-based Kosmos said on Monday. Also, the partnership is […]

Whitewashing the greenwashing

Energy News Beat Rob Mortimer, managing director of fuel specialist Fuelre4m, takes a challenging look at the outcomes from last week’s IMO Intersessional Working Group on the Reduction of GHG Emissions from Ships My biggest takeaways from the recent convening of 107 parties, representing 97% of the world’s shipping tonnage are: We’re committed to cutting […]

Shearwater Geoservices gets work in oil-rich Guyana with ExxonMobil

Energy News Beat Shearwater Geoservices Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded a contract for a large deepwater 4D OBN reservoir surveillance program by US supermajor ExxonMobil in Guyana. Under the award, Shearwater will commence a six-month survey starting in the first half of 2025. The field unit will be comprised of […]