Energy News Beat In a landmark victory for Chevron Corporation (NYSE: CVX), the oil giant has officially completed its $53 billion acquisition of Hess Corporation (NYSE: HES) today, following Hess’s successful arbitration win against ExxonMobil Corporation (NYSE: XOM). This resolution ends a protracted 20-month legal skirmish that had cast uncertainty over one of the most […]
Energy News Beat In a bold yet unilateral move, the European Union has rolled out its 18th sanctions package against Russia and Belarus, slashing the price cap on Russian crude oil from $60 to $47.60 per barrel. This adjustment, representing a 15% reduction below the average market price, aims to further squeeze Moscow’s energy revenues […]
Energy News Beat In a world where oil prices are currently languishing below $70 per barrel, with analysts predicting they could average in the mid-$60s for the remainder of 2025, it’s easy to assume a bearish outlook dominates the energy markets. Yet, beneath this apparent oversupply narrative lies a confluence of factors poised to drive […]
Energy News Beat In a bold, but horrifically bad idea, may move to pressure Russia into ending its war with Ukraine, President Donald Trump has threatened to impose 100% secondary tariffs on countries purchasing Russian oil and gas if no peace deal is reached within 50 days. This warning, delivered during discussions with NATO leaders, targets […]
Energy News Beat In a move that has heightened tensions in one of the world’s most critical energy corridors, Iranian authorities have seized a foreign oil tanker in the Gulf of Oman on suspicion of fuel smuggling. The incident, announced by the Chief Justice of Hormozgan Province, involves the confiscation of a vessel allegedly carrying […]
Energy News Beat The Iberian blackout demonstrated the importance of voltage control and reactive power, and how a weak grid, with poor controls, was brought down bu a single faulty solar inverter. In this second part of my analysis of the Iberian blackout, I examine the specific technical causes of the incident. Where technical concepts […]
Energy News Beat The U.S. oil industry has been a powerhouse of global energy production for over a decade, largely fueled by the shale revolution and the explosive growth in the Permian Basin. However, a recent analysis from Goldman Sachs has cast a shadow over this narrative. In an interview with Bloomberg TV, Daan Struyven, […]
Energy News Beat NFE said on Tuesday that its unit has executed a five-year agreement for the deployment of the 138,350-cbm Energos Winter with state-owned EGAS. The FSRU will operate at EGAS’ LNG import terminal located at Damietta, Egypt. No Taxes for Me – Ask about investments with Tax Benefits This is NFE’s second FSRU […]
Energy News Beat The Russian Arctic LNG 2 project, a flagship liquefied natural gas (LNG) initiative operated by Novatek on the Gydan Peninsula, appears to be pushing forward despite heavy Western sanctions. Recent vessel-tracking data indicates that loadings may have resumed, signaling Moscow’s determination to revive exports from the sanctioned facility. This development comes amid […]
Energy News Beat In a series of escalating attacks that underscore the fragile security in Iraq’s oil-rich regions, drone strikes have targeted multiple oilfields in the semi-autonomous Kurdistan area, leading to the shutdown of up to 200,000 barrels per day (bpd) of crude production. These incidents, attributed to Iran-aligned militias, come amid longstanding disputes over […]
