Author: Erick Parel

US Cut Forecast for Oil Output Just Before Crude’s Latest Plunge

Energy News Beat ENB Pub Note: Yesterday, we examined Cap Ex budgets, and today, we are investigating production, demand estimates, and storage. The current storage levels are low and are listed below. Here is a lot of data to chew on. Go ahead and skip to the summary if you want to know what price […]

Saudi Arabia’s Billion-Dollar Gamble: Boom or Bust?

Energy News Beat In this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley sits down with Michael McDonnell, founder of MMD Global Advisory, to dive deep into Saudi Arabia’s Vision 2030, the NEOM project challenges, and the broader impact of global trade wars. They explore how Trump’s tariffs are reshaping global finance, Saudi […]

Oil Prices Bounce Back From OPEC+ Bombshell

Energy News Beat Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel’s decision to unwind production cuts at a faster rate than previously planned. Despite the recovery, uncertainty remains in markets and more volatility is likely. – Oil majors have been surprisingly inert in reacting to […]

Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash

Energy News Beat ENB Pub Note: The story below is from Tsvetana Paraskova on Oilprice.com, and she has some great points about the Saudi Budgets. I have been saying that the Saudis need the $80 to $85 oil, but the IMF states that the oil break-even for their social programs is $90. Saudi Arabia’s budget […]

Commonwealth LNG seals 20-year SPA with Asian buyer

Energy News Beat ENB Pub Note: This article from LNG Prime has some great information, and I added more specifications of the Commonwealth’s LNG export facility above.  The Commonwealth LNG Export Terminal is a proposed liquefied natural gas (LNG) export facility under development by Commonwealth LNG, LLC, a Houston-based company specializing in LNG production. Located […]

BP, partners to ship second Tortue LNG cargo

Energy News Beat ENB Pub Note: I have added a better description of the GTA LNG Export hub above: The GTA LNG Export Hub refers to the Greater Tortue Ahmeyim (GTA) Liquefied Natural Gas (LNG) project, a major offshore gas development located on the maritime border of Mauritania and Senegal, approximately 120 km offshore. It […]

Wood bags Louisana LNG pipeline gig from Woodside

Energy News Beat Wood announced the contract in a social media post last week. “Working on the Woodside Line 200 project Indian Bayou compressor station in Louisiana, Wood will deliver the detailed engineering and design for the compressors and gas turbine generators,” it said. Wood did not provide further details. In October 2024, Woodside acquired all issued […]

Antarctic Rebound: Why The Ice Sheet’s Mass Gain Is Shocking Experts

Energy News Beat ENB Pub Note: This brings up so many questions. Why have we been forced to listen to John Kerry and Gretta, and have all of the “Renewable Energy” that is not Renewable or sustainable forced upon consumers? Why are energy policies for countries based upon emotions and climate religion rather than science? […]

Peru LNG terminal shipped three cargoes in April

Energy News Beat ENB Pub Note: I have added some background information on Peru LNG exports here.  Peru’s LNG exports primarily originate from the Peru LNG Terminal at Pampa Melchorita, which has a nominal capacity of approximately 4.4–4.5 million metric tons per year. In 2023, Peru LNG exported 3.69 million metric tons of LNG, loaded […]

ExxonMobil CEO expects Golden Pass LNG launch by end of this year

Energy News Beat State-owned QatarEnergy owns a 70 percent stake in the three-train Golden Pass project with a capacity of more than 18 mtpa and will offtake 70 percent of the capacity, while US energy firm ExxonMobil has a 30 percent share. Asked about the start-up of the Golden Pass LNG project during ExxonMobil’s first-quarter earnings […]