Author: Erick Parel

President Trump’s dilemma is now a huge political problem – Secondary sanctions to get Putin to stop the war will drive prices to $90 or $100 and is a win for Democrats.

Energy News Beat President Trump has had people advising him on the Russia/Ukraine war who do not have all of the critical information. That I have covered in many podcasts with George McMillan, and you can check out his information here as an Energy News Beat contributor.  But today, as President Trump has a huge […]

Cido reverses course on VLACs with suezmax newbuild switch

Energy News Beat HD Hyundai Cido Shipping has had a change of heart on its entry into the very large ammonia carriers (VLACs) segment, choosing instead to pivot back to a more conventional market. The Hong Kong-based tonnage provider has reportedly converted its previous order at HD Hyundai Heavy Industries for a pair of 88,000 […]

Technip Energies bags Cyprus LNG gig – and how does this impact Cyprus’s clean energy?

Energy News Beat ENB Pub Note: Interesting about the import into Cyprus, and the Chinese equipment being used on the LNG tanker being converted to the FSRU. It is an excellent use for the older tankers to convert them into FSRUs, but there are now questions about the electronics that go into the updates. I […]

DET’s second Wilhelmshaven FSRU gets commissioning LNG cargo

Energy News Beat “We can confirm that Energy Endurance has made the first delivery to the FSRU Excelsior,” a DET spokesman told LNG Prime via email. The spokesman did not provide further details. According to its AIS data provided by VesselsValue, the 2024-built 174,000-cbm Energy Endurance, owned by Alpha Gas, delivered the shipment from Venture Global […]

NOV secures Energean FPSO work

Energy News Beat Energean UK-based energy company Energean has awarded a contract to US oilfield services giant NOV (National Oilwell Varco) for critical upgrade work on its floating production, storage and offloading (FPSO) vessel, supporting its development in the Mediterranean Sea offshore Israel. The Katlan project, which ties back to the existing Energean Power FPSO […]

Wood brings in $2bn Asia Pacific contracts

Energy News Beat Wood UK-based consulting and engineering firm Wood has achieved a record-breaking year in the Asia Pacific region, securing A$3 billion (US$2 billion) in contract awards over the past 12 months. Headquartered in Aberdeen, the company has won a combination of new contracts, extensions, and renewals to deliver advisory, design, execution, and operational […]

Lila Global expands tanker fleet

Energy News Beat Middle EastTankers MarineTraffic / Sushin Surendran MarineTraffic / Sushin Surendran Dubai-based Lila Global is continuing its fleet diversification strategy with a string of acquisitions in the tanker segment, a notable pivot from its traditionally dry bulk-heavy profile. The shipowning affiliate of ship recycling powerhouse GMS has now added its third stainless steel […]

Panama tries to crack down on shadow fleet

Energy News Beat AmericasRegulatoryTankers Panama Maritime Authority Panama Maritime Authority The Panama flag has strengthened its requirements for ship-to-ship (STS) oil transfer operations involving tankers registered under its flag in a bid to crack down on the shadow fleet.  Effective immediately, all Panama-flagged vessels with a gross tonnage of 150 or more must notify the […]

Second officer charged with negligent navigation over last week’s high-profile grounding in Norway

Energy News Beat ContainersEuropeOperations Redningsselskapet (Norway’s Rescue Society) Redningsselskapet (Norway’s Rescue Society) A Ukrainian second officer aboard the container vessel NCL Salten has been charged with negligent navigation following a grounding incident early Thursday morning near Trondheim, Norway. The ship ran aground just meters from a summer home in Byneset, narrowly avoiding significant property damage. […]

Boxport congestion spreads from Europe to the US and China

Energy News Beat Hamburg Port Authority Port congestion seen across key Northern European hubs is intensifying and is now spreading to China and the US, a situation expected to worsen as a result of Donald Trump’s on/off tariff strategy.  Compounding the situation, low water levels on the Rhine are limiting barge capacity, particularly out of […]