Category: Energy News Beat

Russia’s neighbor to sign deal for new US military presence

Energy News Beat Under the agreement, American troops will be able to store weapons and supplies at 15 locations in Finland Finland plans to sign a Defense Cooperation Agreement (DCA) with the US, enabling Washington to send troops there and store weapons and ammunition, the Finnish Foreign Ministry said on Thursday. The Nordic country became […]

Visualizing the Demand for Battery Raw Materials

Energy News Beat The following content is sponsored by Wood Mackenzie Visualizing the Demand for Battery Raw Materials Metals play a pivotal role in the energy transition, as EVs and energy storage systems rely on batteries, which, in turn, require metals. This graphic, sponsored by Wood Mackenzie, forecasts raw material demand from batteries. It presents […]

Russia responds to US uranium ban claims

Energy News Beat Bloomberg had earlier reported that Moscow may stop supplies to the US before Washington issues a ban Russia is not planning to preemptively block enriched uranium exports to the US ahead of Washington’s decision on whether to ban the fuel as part of its sanctions, RBK news outlet reported on Friday, citing […]

Russia to help Africa gain control over resources – Lavrov

Energy News Beat Agreements were signed with 30 African universities during the Africa Seeks Solutions congress in St. Petersburg Russian institutes signed agreements with more than 30 African universities during a major congress in St. Petersburg, providing for cooperation in education and science, the training of mining engineers, and the development of the mining and […]

How giving trucks an electric boost can help cut mining pollution in Minnesota

Energy News Beat ​ The following story is the third in a series produced in collaboration with KAXE/KBXE, an independent, nonprofit community radio station that tells the stories of northern Minnesota. A Minnesota taconite mining company and its electric utility are seeking federal funding for a demonstration project aimed at slashing diesel fuel use and greenhouse gas emissions. […]

Community solar projects seen as key step toward energy justice in Illinois

Energy News Beat ​ An effort led by Chicago’s Blacks in Green has been recommended for $12.5 million in renewable energy credits to help develop three community solar projects to benefit underresourced communities. The three projects totaling 9 MW are valued at $25.7 million and will be developed by the Green Energy Justice Cooperative, a […]

Green hydrogen could make Minnesota a leader in climate-friendly steel 

Energy News Beat ​ The following story is the fourth in a series produced in collaboration with KAXE/KBXE, an independent, nonprofit community radio station that tells the stories of northern Minnesota. A Hoyt Lakes native leading a regional hydrogen partnership says the emerging fuel source could someday help make Minnesota’s Iron Range a leader in the production of […]

Unit Corporation announces completion of Texas Panhandle asset sale

Energy News Beat Oil and Gas 360 Dec 14, 2023 -TULSA, Okla. – On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the “Divested Assets”) to a third party for net cash proceeds received at closing of $50 million, subject […]

An Expected Surplus of Copper has Suddenly Disappeared

Energy News Beat Key Takeaways 1. Copper is an essential mineral for Biden’s energy transition, but an anticipated glut has disappeared around the world as politics and technological and economic problems have stopped or stalled projects.  A shortage is now predicted by some. 2. The United States has large copper resources, but mines in Alaska, […]

Spot LNG shipping rates, European prices continue to drop

Energy News Beat Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decline this week, while European and Asian prices dropped as well. Last week, the Spark30S Atlantic decreased to $142,500 per day, while the Spark25S Pacific decreased to $117,000 per day. “LNG freight rates fell once again week, with […]