Author: Erick Parel

Trump declares end to Red Sea shipping crisis

Energy News Beat The White House Donald Trump, the American president, has claimed that after more than 17 months, the Red Sea shipping crisis is coming to a close. Speaking at the White House yesterday, Trump said Yemen’s Houthis have agreed to halt their attacks on shipping and that Washington would in turn stop carrying […]

Kashmir conflict the latest disruption thrust shipping’s way

Energy News Beat AsiaOperations Narendra Modi Official Website Narendra Modi Official Website Shipping has a new hotspot to navigate through with South Asia erupting into conflict overnight. India conducted missile strikes on nine targets in Pakistan and Pakistan-administered Kashmir last night. India’s military reported seven civilian deaths from Pakistani shelling along the de facto border, […]

TGS clinches 4D streamer project in the Mediterranean

Energy News Beat EuropeOffshore TGS TGS Oslo-listed seismic data specialist TGS has been awarded a 4D streamer contract in the East Mediterranean. The company said in an Oslo Bors filing that the acquisition was scheduled to begin in the second quarter of this year. The deal has a duration of approximately 90 days. Kristian Johansen, […]

Solstad Offshore nets four-year anchor handler deal

Energy News Beat Solstad Offshore Norwegian vessel owner Solstad Offshore has won a new contract for one of its anchor handling tug supply vessels (AHTS). The 2007-built anchor handler Normand Turquesa was awarded a new four-year deal by Brazilian state-owned oil and gas major Petrobras. According to a statement by the Norwegian firm, the contract […]

How to manage uncertainty

Energy News Beat Kernel Mykhailo Kravchenko, head of fleet service and transhipment commercial operations at Kernel, reflects on key takeaways from last week’s Geneva Dry summit.  Geneva Dry 2025 brought together some of the most experienced players in dry bulk shipping — traders, shipowners, operators, and analysts — to discuss the current market and what […]

Smaller shipowners in danger: Geneva Dry risk workshop

Energy News Beat It was a standing room during a specialist workshop, sponsored by Paratus, at the opening day of the second edition of Geneva Dry that saw panellists turn their attention to various aspects of risk management for dry bulk shipowners and operators.  Moderator of the session, Neville Smith, director of maritime PR consultancy […]

Beyond Tariffs: The Real Struggle for Global Power

Energy News Beat ENB Pub Note: The following is an outstanding article from Armando Cavanha, from Brazil. He is a true energy leader and a friend of the Energy News Beat podcast. His opinions on the global tariff war and the perspective of power are spot on. If you have listened to my podcasts with […]

Senate Votes To Overturn Stringent Biden-Era Appliance Rules, Sending Bills To Trump

Energy News Beat The Senate voted to overturn two Biden-era appliance rules, sending bills to Trump to undo overly strict energy efficiency and appliance standards. ​ This week, the Senate voted to undo two Energy Department rules for appliances finalized during the Biden administration, sending the bills to President Donald Trump to sign into law. […]

Peak Shale May Be Here Says Diamondback CEO

Energy News Beat Before oil prices started plunging last month, most banks and research firms had forecast US shale production would grow this year and next before plateauing later in the decade. Diamondback Energy trimmed its own full-year production forecast Monday, and said that it expects onshore oil rigs across the entire US industry to drop […]

Marathon Petroleum Q1 down on earnings due to weak refining margins

Energy News Beat Marathon Petroleum Corporation (MPC) released its Q1 2025 earnings results on May 6, 2025, reporting a net loss attributable to MPC of $74 million, or $0.24 per diluted share, compared to a net income of $937 million, or $2.58 per diluted share, in Q1 2024. Below is a detailed analysis of the […]