Energy News Beat In a revelation that has sent shockwaves through the global energy sector and international diplomacy, Russian seismic surveys have uncovered potential oil and gas reserves estimated at a staggering 511 billion barrels in the icy depths of Antarctica. This figure dwarfs Saudi Arabia’s proven reserves by nearly double and exceeds the North […]
Energy News Beat In a move that underscores the mounting pressures on California’s oil refining industry, Phillips 66 is set to begin winding down operations at its 139,000 barrel-per-day (bpd) Los Angeles-area refinery starting in September 2025, with full idling expected by the fourth quarter. This closure, affecting a facility that employs around 600 workers […]
Energy News Beat ENB Pub Note: Doug Sheridan on LinkedIn again hits it out of the park. The IRA has done more harm to the US economy than most people realize, and it was a wealth realignment tool that was taken advantage of by the rich to get really rich. The secondary effect, we are […]
Energy News Beat In a stunning blow to global climate finance efforts, the Net-Zero Banking Alliance (NZBA)—the world’s largest climate coalition for financial institutions—has suspended its operations and is now polling remaining members on whether to dismantle its membership structure entirely. This development, announced on August 27, 2025, follows a mass exodus of major banks […]
Energy News Beat In the early hours of August 28, 2025, Ukrainian forces launched a significant drone assault on multiple Russian oil refineries, marking yet another escalation in the ongoing conflict’s economic warfare. The attacks targeted the Kuibyshev refinery in Samara Oblast and the Afipsky refinery in Krasnodar Krai, with reports also indicating hits on […]
Energy News Beat ENB Pub Note: This article from Andrew Korybko’s Newsletter on Substack is spot on. President Trump is running on all cylinders with his domestic team, but the wheels are off the electric school bus, the short electric school bus, in terms of handling Putin, Zelensky, and India. This morning, we see that […]
Energy News Beat Hanwha Group has unveiled a $5bn expansion plan for Hanwha Philly Shipyard as well as ordering 10 tankers to be built in Philadelphia, in a landmark moment for Korea-US industrial cooperation designed to revive American shipbuilding. The announcement was made on Tuesday at the christening of the State of Maine, the third […]
Energy News Beat ENN Natural Gas announced the new SPA in a statement on Wednesday. Under the 10-year deal, Chevron will deliver “multiple” LNG cargoes annually to ENN, the Chinese firm said. Moreover, Chevron will deliver the LNG supplies, indexed to oil prices, from its global portfolio. The deliveries are scheduled to start in 2028. […]
Energy News Beat Under the new SPA, EQT will buy 2 million tonnes per annum of LNG for 20 years, according to a joint statement. EQT will purchase the LNG supplies on a free-on-board basis at a price indexed to Henry Hub. This new deal comes just a week after ConocoPhillips agreed to buy a […]
Energy News Beat Hanwha Ocean said on Wednesday that it has signed a contract to build one LNG carrier worth 346.6 billion won ($250 million) with its affiliate, Hanwha Philly Shipyard. The vessel is scheduled for delivery by February 2028. Last month, Hawnha Ocean announced a contract for what it says is the first US-ordered, […]
