Energy News Beat In a move signaling ongoing efforts to streamline operations and boost profitability, British energy giant BP has announced plans to eliminate approximately 6,200 office-based roles this year, marking an increase from its earlier target of 4,700 job cuts. This latest round of reductions comes as part of a second comprehensive business review […]
Energy News Beat Daily Standup Top Stories What is the Difference Between Oil, Gas and Wind, Solar and Hydrogen? Returns to investors and shareholders is the key. Stu Turley New Study Finds Wind-Turbine Dismantling Costs Are More Than Claimed, and There Is a Crisis Looming August 5, 2025 Clark Savage As the world races toward renewable […]
Energy News Beat In a volatile week for global energy markets, oil prices have edged higher, with Brent crude futures climbing to $68.70 per barrel and West Texas Intermediate (WTI) reaching $65.90 per barrel as of August 6, 2025. This modest rebound comes amid escalating U.S. trade threats under President Donald Trump, which are offsetting […]
Energy News Beat Data source: U.S. Energy Information Administration, Form EIA-930, Hourly and Daily Balancing Authority Operations Report Electricity demand in the Lower 48 states exceeded previous peaks on two days in the last week of July. Hot weather, which increases electricity demand for cooling, combined with an underlying trend of demand increases, pushed coincident peak demand for […]
Energy News Beat RegulatoryTankers Despite a torrent of sanctions from the US, UK, and EU this year, the shadow tanker fleet continues to expand at pace, according to new figures from broker BRS. The so-called grey fleet (see BRS methodology for assessing what constitutes a grey tanker at end of article) — comprising oil tankers […]
Energy News Beat According to shipment data by state-owned Perupetro, during July, the 4.4 mtpa LNG plant sent one shipment to the Netherlands, and two shipments each to France and South Korea. The shipments loaded onboard the LNG carriers LNG Prosperity, GasLog Gladstone, New Nature, GasLog Genoa, and Pan Americas equal about 349,896 tonnes, the […]
Energy News Beat Venture Global said the uprate approval increases Calcasieu Pass’ permitted peak liquefaction capacity from 12.0 million tonnes per annum (mtpa) to 12.4 mtpa. In a separate statement, DOE announced that it signed a final authorization for additional LNG exports to non-free trade agreement (non-FTA) countries from Venture Global’s Calcasieu Pass project in […]
Energy News Beat In June 2025, GasLog Partners entered into an agreement to sell, subject to customary and other closing conditions, the 145,000-cbm LNG carrier Methane Alison Victoria to an unrelated third party for a gross sale price of approximately $27 million, the company said in its recent second-quarter results report. This resulted in the […]
Energy News Beat In a bold escalation of its foreign policy, the United States is intensifying sanctions against Iran, with a particular focus on disrupting financial channels that support the regime’s oil exports. This move primarily targets China, Iran’s largest oil buyer and de facto key financier, as part of a broader strategy to curtail […]
Energy News Beat As the world races toward renewable energy targets, a new Finnish study has cast a shadow over the wind power industry, revealing that the costs of dismantling onshore wind turbines are far higher than industry estimates suggest. Published in August 2025, the report titled “Assessment of Decommissioning Costs and Financing Models for […]
