Category: Energy News Beat

Anglo Teck merger creates top five global copper producer

Energy News Beat Global mining group Anglo American and Canadian miner Teck Resources have agreed to merge in a deal that will create one of the world’s largest copper producers with a combined market value of over $53bn. The combined group, to be named Anglo Teck, will rank among the top five copper players globally, […]

NextDecade, ConocoPhillips seal 20-year Rio Grande LNG SPA

Energy News Beat Under the sales and purchase agreement, ConocoPhillips will purchase 1 million tonnes per annum (mtpa) of LNG for 20 years on a free on board basis at a price indexed to Henry Hub, according to statements by NextDecade and ConocoPhillips. The deal remains subject to NextDecade making a positive final investment decision […]

Ukraine Strikes Russian Pipelines, Fuel Supply Hit Hard – Do they even want Peace?

Energy News Beat In a bold escalation of the ongoing conflict, Ukrainian forces have targeted key Russian energy infrastructure, striking multiple oil and gas pipelines in a 24-hour blitz. These attacks, confirmed by Ukrainian military intelligence, have crippled vital supply lines that fuel both Russia’s military operations and its domestic economy. As the war drags […]

Natural Gas Companies Need to Brace for Price Volatility, Energy CEO Says

Energy News Beat In a rapidly evolving energy landscape, natural gas companies are facing an era of heightened price swings, according to Expand Energy CEO Nick Dell’Osso. Speaking on the challenges ahead, Dell’Osso emphasized the need for agile strategies, stating, “Successful drilling companies will need a strategy to quickly dial up or down their production.” […]

US urges Europe to stop buying Russian oil, gas in exchange for tougher Moscow sanctions

Energy News Beat ENB Pub Note: We have recommended against trying to take a hammer to get Putin to the table. It takes two to negotiate, and it appears that Zelensky, the UK, and the EU are willing to prolong the war. President Trump is correct not to add more sanctions if the UK and […]

‘The end of globalisation is fast approaching’: IUMI president

Energy News Beat Geopolitical conflicts and shifting trade patterns are redefining risks and opportunities for the marine insurance sector. Opening this year’s International Union of Marine Insurance (IUMI) conference in Singapore, IUMI president Frédéric Denèfle warned that marine insurers are facing significant change as the world approaches the end of an era of seamless globalisation. […]

Golden Pass gets OK to place MP 33 compressor station in service

Energy News Beat Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, has secured approval from the US FERC to place into service its MP 33 compressor station, as it continues to move forward with commissioning activities at its three-train LNG plant in Texas. According to a FERC order dated September […]

HSBC warns COSCO and OOCL face $2.1bn hit from looming US port fees

Energy News Beat The looming US port fee regime aimed squarely at Chinese-linked tonnage could saddle COSCO and its Hong Kong-listed subsidiary OOCL with a combined bill of more than $2.1bn in 2026, according to fresh calculations from HSBC. The US Trade Representative (USTR) is due to impose port fees from October 14, though the […]

Japan’s Financial Crisis and Its Impact on Energy Imports

Energy News Beat Japan, the world’s fourth-largest economy as of mid-2025, is grappling with a confluence of economic pressures that threaten its stability and energy security. From sluggish growth and surging bond yields to demographic decline and political upheaval, these challenges are amplifying the nation’s heavy reliance on imported energy. As a net importer of […]

China-Russia Pipeline: A Game-Changer Set to Displace One-Third of China’s LNG Imports

Energy News Beat In a move that underscores the deepening energy ties between Beijing and Moscow, Russia and China have signed a legally binding memorandum for the Power of Siberia 2 pipeline. This ambitious project, routed through Mongolia, promises to deliver 50 billion cubic meters (bcm) of natural gas annually from Russia’s western Siberian fields […]