Energy News Beat Golar announced the sale of the 2003-built steam turbine LNG carrier, Golar Arctic, in a statement on Thursday, but the firm did not reveal the buyer. The sale price for the vessel is $24 million before transaction-related expenses. Golar said the LNG carrier is unencumbered. Moreover, the transaction is expected to close, […]
Energy News Beat Trump froze billions in renewable energy funding, sparking opposition in rural districts and legal battles over local control of renewable projects. President Donald Trump last month froze billions of dollars the Biden-Harris administration was pouring out to renewable energy projects. [emphasis, links added] Despite the widespread claim that wind and solar power […]
Energy News Beat Trump may try to reclaim $4.3B in unspent federal funds for California’s high-speed rail, following delays and disputes with Newsom and Biden. President Donald Trump could claw back $4.3 billion in unspent federal funds for California’s high-speed rail project, just as he froze $1 billion for the perpetually delayed and derailed project […]
Energy News Beat BP has halted renewable investments, refocusing on oil and gas with asset sales and major projects after profits fell and investor pressure rose. BP has halted all investments in renewable energy as part of a “fundamental reset” of its strategy. [emphasis, links added] As part of a bid to refocus on fossil […]
Energy News Beat Industry is at loggerheads over whether to scrap the EU’s strict green hydrogen rules in the face of a flagging market ramp-up. Last year, Europe fell significantly short of its target to produce 6 million tonnes of green hydrogen. Industry holds out little hope of meeting a lofty EU target of […]
Energy News Beat ENB Pub Note: This article has some interesting points, but we will be following the India/U.S. conversations about tariffs and trade as India will be one of the largest global importers of LNG. And we know President Trump loves to move our energy dominance. The Indian leader’s trip comes on the heels […]
Energy News Beat Treasury Secretary Scott Bessent has personally delivered the US president’s demands to Ukrainian leader Vladimir Zelensky US President Donald Trump expects Treasury Secretary Scott Bessent, who visited Ukraine on Wednesday, to secure a deal ensuring Washington gets a return on the billions of dollars it has invested in aid to Kiev. Trump […]
Energy News Beat AsiaContainers APMT The Indian government has laid out plans to develop a brand new containerline. To be called Bharat Container Line, the new entity will have around 100 ships in its fleet, including ships on charter. Details as to when the liner will launch have yet to be revealed with officials saying […]
Energy News Beat EuropeOffshore Transocean Swiss-based offshore driller Transocean has won one new contract and one extension for two of its rigs. The first of those deals was awarded to the 2016-built Transocean Enabler semisub by Norwegian energy major Equinor. According to the company’s fleet status report, Equinor exercised a three-well option in Norway for […]
Energy News Beat Seatrium Singapore shipyard group Seatrium has signed a memorandum of understanding with energy giant BP for a second floating production unit project in the US Gulf of Mexico. Under the agreement, Seatrium would carry out the engineering, procurement, construction, and commissioning of an FPU for the Tiber project, located some 480 km […]
