Category: Energy News Beat

A Jobs Report of an Economy Plugging Along Just Fine Despite 5.5% Rates & Recession Fears. But Wage Growth Heats Up

Energy News Beat Average hourly earnings fuel worries on the inflation front. By Wolf Richter for WOLF STREET. It was the kind of jobs data you’d expect from an economy that is plugging along just fine. The number of payroll jobs created by employers was “better than expected,” the prior two months were revised down, and after revisions, […]

Gavin Newsom’s Problems May Be About To Get Worse

Energy News Beat Chevron, one of the world’s largest oil companies, has said in a securities filing that regulations in the state of California may hurt its business in the fourth quarter of 2023. In a January 2 notice to the U.S. Securities and Exchange Commission, the company said that it “will be impairing a […]

India to expand free-trade deals in 2024 – report

Energy News Beat India is expected to progress on FTA negotiations with several countries, including Russia, in 2024 Multiple countries intend to sign free-trade agreements (FTAs) with India in 2024, driven by their interest in tapping into India’s  “large and rapidly growing market,” according to a report by the Global Trade Research Initiative (GTRI). Negotiations […]

Germany’s economic downturn sees carbon emissions drop to 70-year low – report

Energy News Beat The reduction caused by the industrial slump is not sustainable, a think tank has warned A slump in industrial production and an economic downturn in Germany, Europe’s biggest economy, have caused carbon emissions to drop to their lowest level in seven decades, a German think tank has reported. Last year, Germany’s greenhouse […]

Capital Product Partners welcomes newbuild LNG carrier to its fleet

Energy News Beat New York-listed Capital Product Partners has taken delivery of a newbuild liquefied natural gas (LNG) carrier from South Korea’s HD Hyundai Heavy. CPLP took delivery on January 2 of the 174,000-cbm MEGA LNG carrier, Axios II, as part of the previously announced umbrella agreement to buy 11 LNG carriers from its sponsor […]

Cedar LNG confirms FLNG order

Energy News Beat Canada’s Pembina Pipeline and the Haisla Nation confirmed they had selected Samsung Heavy Industries and Black & Veatch to provide engineering, procurement, and construction for Cedar LNG’s floating LNG production unit. Cedar LNG revealed the contract award in a statement issued on Thursday, adding that the contract remains subject to a final […]

LNG carrier orders dip from record 2022

Energy News Beat Orders for liquefied natural gas (LNG) carriers in South Korea and China dropped significantly in 2023 from the record number of orders logged in the year before. According to data compiled by LNG Prime from South Korean and Chinese yards and shipbuilding sources, there were at least 68 orders for large LNG […]

India responds to hijacking of ship off Somalian coast

Energy News Beat The country has deployed a warship to the Arabian Sea after armed men seized a vessel carrying Indian crew India’s navy said on Friday it had responded to a maritime incident in the Arabian Sea involving an attempt to hijack the Liberian-flagged bulk carrier MV Lila Norfolk, which has 15 Indian crew […]

Free Russian grain arrives in African state

Energy News Beat Moscow’s envoy to Eritrea has welcomed a ship loaded with food in the port of Massawa A bulk carrier delivering 25,000 tons of free grain to Eritrea was received in the port of Massawa by Russia’s ambassador to the country, Igor Mozgo, on Thursday. Mozgo told RT that the supply was certainly […]

Was Biden Blackmailed by China to Give Them Afghanistan?

Energy News Beat That the CCP owns Joe Biden is no longer in doubt. There is nothing he does that does not benefit Communist China. That includes the illegal invasion on our southern border through which thousands of military age Chinese are entering our country, He also allowed the CCP to survey our military installations by […]