Energy News Beat In a significant development for the U.S. offshore wind sector, the Town and County of Nantucket, Massachusetts, has secured a $10.5 million settlement from GE Vernova to address the economic fallout from a turbine blade failure at the Vineyard Wind 1 project. The agreement, announced on July 11, 2025, compensates local businesses […]
Energy News Beat In a surprising turn for global energy markets, the recent surge in oil supply led by OPEC+ has failed to loosen the grip on the tight oil market. Despite announcements of substantial production hikes, oil prices have remained resilient, inventories stay critically low, and the U.S. shale sector—often referred to as the […]
Energy News Beat Daily Standup Top Stories Can President Trump Take Control of the California Refineries to Stop a National Security Crisis? What would the policial fall out be? Stu Turley Trump’s Push for New Oil and Gas Leases on Federal Lands: Implications for Investors, the U.S. Economy, and Alaska July 12, 2025 Clark Savage President […]
Energy News Beat In an escalating diplomatic standoff amid heightened tensions in the Middle East, the United States has issued a stern warning to Iraq over its alleged involvement in facilitating the smuggling of Iranian oil. This comes on the heels of fresh U.S. sanctions targeting networks that disguise Iranian crude as Iraqi oil, potentially […]
Energy News Beat In the wake of Russia’s invasion of Ukraine in 2022, the European Union has aggressively pursued energy independence, vowing to eliminate its reliance on Russian natural gas and liquefied natural gas (LNG). EU officials, including Energy Commissioner Dan Jørgensen, have framed this shift not just as a response to geopolitical tensions but […]
Energy News Beat In this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley speaks with Jon Brewton, CEO of Data Squared, about their groundbreaking work in AI and data management. Jon explains how their patented system eliminates AI hallucinations, making AI more trustworthy and transparent for industries like defense, energy, and engineering. They […]
Energy News Beat Spark’s data lead, Qasim Afghan, told LNG Prime on Friday that Spark30S (Atlantic) freight rates fell further this week, dropping by $10,250 to $31,750 per day. Meanwhile, Spark25S (Pacific) rates decreased marginally, falling by $1,250 to $38,750 per day. Afghan said this marks the first time since April that the Pacific basin is priced […]
Energy News Beat President Donald Trump has signaled a bold agenda to expand oil and gas leasing on federal lands, a move that could reshape America’s energy landscape. This policy shift, aimed at bolstering domestic energy production, has sparked intense debate about its economic, environmental, and geopolitical ramifications. Drawing on recent discussions, including insights from […]
Energy News Beat The U.S. oil and gas industry is witnessing a persistent decline in active drilling rigs, reflecting ongoing market uncertainties and volatile oil prices. According to the latest data from Baker Hughes, the total number of active oil and gas drilling rigs in the United States fell by two rigs for the week […]
Energy News Beat On July 11, 2025, a historic milestone was marked in Ranchester, Wyoming, as the Brook Mine, operated by Ramaco Resources, Inc., became the first U.S. rare earth mine to open in over 70 years. U.S. Energy Secretary Chris Wright, alongside Wyoming Governor Mark Gordon, former U.S. Senator Joe Manchin, and other dignitaries, […]
