Energy News Beat In a significant setback for Australia’s renewable energy ambitions, Norwegian energy giant Equinor has abandoned its third offshore wind project in the country, casting further doubt on the viability of the nascent industry Down Under. The latest casualty is the Bass Offshore Wind Energy (BOWE) project off the northeast coast of Tasmania, […]
Energy News Beat As we navigate through July 2025, the global energy landscape continues to evolve amid economic uncertainties, policy shifts, and fluctuating demand. From traditional fossil fuels to emerging renewables, various sectors are experiencing notable movements—some upward, others facing headwinds. This article examines key markets, starting with the concerning decline in U.S. clean energy […]
Energy News Beat In a significant move toward advancing renewable energy technologies, the United States Department of Energy (DOE) has extended its commitment to collaborate with Norway’s Royal Ministry of Energy on water power research and development. Announced on July 8, 2025, this renewed Memorandum of Understanding (MoU) builds on years of partnership, focusing on […]
Energy News Beat In the evolving global energy landscape, natural gas has undergone a profound transformation. Once positioned as a mere “bridge fuel” to facilitate the shift from coal to renewables, it is now recognized as a cornerstone of energy supply that will endure for decades. This narrative shift is driven by surging demand, technological […]
Energy News Beat Shipbuilding hogged the headlines at Splash this week with images of the White House and its occupant down considerably week-on-week. The East Asian shipbuilding tango – one of the persistent shipping news themes of 2025 – garnered the most column inches. A contraction in Chinese shipbuilding orders has been registered in the […]
Energy News Beat The European Union officially rolled out its 18th sanctions package today, overcoming opposition from Slovakia earlier in the week. The sanctions are aimed squarely at crippling Moscow’s revenue streams and tightening the noose on its shadow fleet of sanctioned tankers Under the new measures, the oil price cap for Russian crude will […]
Energy News Beat In the ever-evolving landscape of global energy markets, the Organization of the Petroleum Exporting Countries (OPEC) continues to navigate a delicate balance between securing greater market share and sustaining elevated oil prices. As of mid-2025, OPEC’s strategy appears firmly rooted in a “long game” approach, where the cartel unwinds production cuts to […]
Energy News Beat Shell-chartered GasLog Glasgow arrived in Tongyeong, home of the Kogas-operated Tongyeong LNG import terminal, on Thursday, its AIS data provided by VesselsValue shows. South Korea’s Kogas, Japan’s Mitsubishi, Malaysia’s Petronas, and PetroChina are LNG Canada shareholders and offtakers of LNG. At 40 percent, Shell has the largest working interest in the LNG […]
Energy News Beat Data from the General Administration of Customs shows that the country received 5.31 million tonnes last month. This compares to 5.62 million tonnes in June 2024. During the first six months of this year, China imported 30.11 million tonnes of LNG, a decrease of 20.6 percent compared to the same period last year. […]
Energy News Beat We are seeing more and more stories of key indicators of the shift back to energy normalcy. A small increase in Rigs this week in the U.S., but globally up 27; however, that is still not enough to increase production and lower prices. We are going to see another swing away from […]
