Category: Energy News Beat

Peru LNG terminal sent four cargoes in November

Energy News Beat Peru LNG’s liquefaction plant at Pampa Melchorita has shipped four liquefied natural gas cargoes in November, the same number of shipments as in the previous month. According to data by state-owned Perupetro, during October the LNG plant sent three shipments to the UK and one to Spain. The shipments loaded onboard the […]

Why an Ohio welding supply company is getting into the electric vehicle charging business

Energy News Beat ​ A 128-year-old Cleveland-area industrial equipment manufacturer is among the newest makers of fast chargers for the growing electric vehicle market. Lincoln Electric’s new Velion DC fast charger adapts and adds to technology the company has used for its welding machines and other heavy-duty power equipment. The innovation is an example of […]

Sentinel Midstream Announces ExxonMobil Joint Venture Serving the Louisiana Energy Market

Energy News Beat Sentinel Midstream Announces ExxonMobil Joint Venture Serving the Louisiana Energy Market – Oil & Gas 360 Market Data copyright © 2020 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.   The post […]

Maverick Energy Group, Ltd. and Willcox International Holdings, Inc. Form Joint Venture for Lithium Extraction from Saltwater Brine in Oil Production

Energy News Beat Maverick Energy Group, Ltd. and Willcox International Holdings, Inc. Form Joint Venture for Lithium Extraction from Saltwater Brine in Oil Production – Oil & Gas 360 Market Data copyright © 2020 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market […]

Biden administration’s new methane rule to hamper U.S. oil, gas production, trade associations warn

Energy News Beat World Oil (WO) – On Saturday, Dec. 2, the Biden administration unveiled a new methane emissions rule at COP28 aimed at “sharply reducing methane and other pollutants from the oil and natural gas industry” by “promoting the use of cutting-edge methane detection technologies,” according to a news release from the U.S. Environmental […]

EU countries buying record volumes of Russian LNG

Energy News Beat Russian exports of liquified natural gas (LNG) to Europe hit an all-time high of 1.75 million tons in November, the Kommersant business daily reported on Monday, citing data by Kpler. The previous record was set in December 2022, when Russia exported 1.737 million tons of LNG to the region. The largest November […]

Daily Energy Standup Episode #263 – Opt-Outs, Copper Surges, EV Challenges, and Global Transition Struggles

Energy News Beat Daily Standup Top Stories Chevron, Exxon opt out of funding COP28 methane-reduction fund December 4, 2023 Mariel Alumit (Bloomberg) — Six major oil companies each contributed tens of millions of dollars to a grant fund meant to help state-owned rivals cull the release of super-warming methane emissions, but Chevron Corp. and Exxon Mobil […] […]

Germany is the sick man of Europe – and the prognosis is grim

Energy News Beat Few countries are more aware than Germany of how important it is to keep public finances in order. But few countries have indulged in more creative accounting. As Germany’s highest court ruled current spending plans unconstitutional, it finally destroyed the nation’s cherished myth of fiscal prudence. The stakes could not be higher for […]

Copper climbs to 11-week high on Panama mine risk, shortfall

Energy News Beat Copper advanced to the highest level in 11 weeks on concerns over the looming shutdown of a large mine in Panama and amid expectations of a widening ore supply deficit in 2024. The Panama government has said it will shut First Quantum Minerals’s Cobre operation, which produces about 1.5% of the world’s supply. […]

The Dangerous Futility of the Energy Transition in a Single Graphic

Energy News Beat During the 1980s-2000s, the U.S. and Europe intentionally transferred their manufacturing and industrial sectors to China. Since 2015, we have been intentionally transferring our energy security to China. The chart below illustrates the utter futility of this energy transition. We are not achieving any real reduction in carbon and other emissions from […]