Category: Energy News Beat

The news distillery

Energy News Beat One of the favourite parts of my job is compiling Splash Extra’s monthly review – a chance to assess concisely what were the biggest stories of the past few weeks and to place them in context and level of importance. In the six years – and 73 monthly reviews neatly composed – […]

Tankers best placed in the Year of the Snake

Energy News Beat As shipping slithers somewhat apprehensively into the Year of the Snake, analysts reckon tankers – whether hauling gas or oil – are best placed to see an uptick in fortunes. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkSea Index, […]

Bahri and Petredec form partnership to meet Saudi Arabia’s LPG and ammonia needs

Energy News Beat GasMiddle East Petredec Bahri and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team. Bahri already controls a 40% shareholding in Petredec.  Ahmed Ali Al Subaey, CEO of Bahri, Saudi’s top shipping […]

Sliding into the year of the snake

Energy News Beat Lunar New Year comes early this year. The biggest festival in the Chinese calendar sets its date by the first new moon of the lunar calendar and this year, that’s at the end of January. With the passing of the Year of the Dragon, we now enter the Year of the Snake. […]

Key Shipping Statistics

Energy News Beat Post Content The post Key Shipping Statistics appeared first on Energy News Beat.  

Germany ramps up Russian LNG imports via EU ports – report

Energy News Beat   Germany has boosted purchases of Russian liquefied natural gas (LNG) via other EU countries, despite having previously halted direct shipments of the fuel, according to a new report. The analysis, jointly released by Belgian, German, and Ukrainian NGOs on Tuesday, claims that German state-owned energy company SEFE acquired 58 shipments of […]

California Dems Unveil Bill Letting Insurers, Policyholders Sue Big Oil For ‘Climate’ Disasters

Energy News Beat California Democrats unveiled legislation allowing insurers and policyholders affected by ‘climate’ disasters to sue oil companies. Two California Democrats unveiled a bill Monday that they said would allow insurers and policyholders affected by the Los Angeles fires to sue major oil corporations for their alleged role in the disaster. [emphasis, links added] […]

Glut of New Houses for Sale in the South Is Bigger Even than during the Housing Bust. The Glut in the West Gets Close

Energy News Beat By Wolf Richter for WOLF STREET. Yesterday, we looked at the surge of new completed “spec” houses for sale, and at the surge of new houses for sale at all stages of construction, for the US overall. Now we’ll look at at new houses for sale in the four regions of the US. In the […]

Ukraine conflict could end in weeks – Putin

Energy News Beat Ukraine is entirely dependent on its Western sponsors and the conflict could end within two months if Kiev runs out of money and ammunition, Russian President Vladimir Putin has said. Speaking to reporter Pavel Zarubin on Tuesday, Putin was asked about the possibility of a negotiated end to the Russia-Ukraine conflict. “They […]

Russian LNG exports hit new record – Kpler

Energy News Beat The EU purchased more than half of the volumes despite vows to eliminate dependence on the sanctioned country’s energy, data shows Russia exported a record 33.6 million tons of liquefied natural gas (LNG) last year, more than half of which went to the EU market, business daily RBK reported on Tuesday, citing […]