Category: Energy News Beat

Daily Energy Standup Episode #246 – China-Russia Gas Agreement, Southeast Asia’s LNG Peak, Mideast War Impact, BP Exit, and Canadian Deal

Energy News Beat Daily Standup Top Stories China, Russia Intensify Efforts to Expedite New Gas Route Supply Agreement November 6, 2023 Mariel Alumit (MENAFN) China National Petroleum Corporation (CNPC) Vice President, Xie Jun, has disclosed that Russian energy giant Gazprom is collaborating with China to fast-track the implementation of a new gas supply route known as […]

Africa’s Geothermal Power Sector Set To Overtake Europe

Energy News Beat Total geothermal power generation capacity in Africa may reach 13GW in 2050. Kenya and Ethiopia will lead the growth of Africa’s geothermal sector, accounting for close to 90% of total capacity. Many African countries with geothermal potential rely heavily on hydropower for their electricity supply. Africa’s geothermal sector will attract at least […]

#ENB 148: Energy poverty, ecological devastation, and a path forward can only be fixed by sustainable Action. – Captian Kelly

Energy News Beat There is no ESG without accountability, and energy poverty, hypocrisy, and pollution will continue without action. Which side will you be on? Energy poverty is one of my biggest concerns, and my conversation with Captin Kelly is one of the most fun yet emotional I have had. We could have gone on […]

Spain’s business lobby calls for extension of nuclear power

Energy News Beat MADRID, Nov 3 (Reuters) – One of Spain’s top business lobby groups called for extending the use of the country’s nuclear plants on Friday, that the government led by acting Prime Minister Pedro Sanchez plans to start closing down from 2027. The fate of Spain’s nuclear fleet became a hot issue during the recent […]

In the rapidly shifting world of geoeconomics, the Rest is getting tired of the West

Energy News Beat If you have not heard about the rise of geopolitics over the past year, where have you been hiding? So now I want to complicate your lives further and introduce you to its lesser-known but arguably even more important cousin: geoeconomics. Another fancy name for a nebulous concept that boffins regularly confuse […]

Mideast War Turns Spotlight on Arab Gas Pipeline

Energy News Beat The Israel-Hamas war has not significantly impacted Mideast oil and gas flows so far, but critical energy infrastructure such as the Arab Gas Pipeline (AGP) is being watched closely. The pipeline connects Egypt with Jordan and gas shipments via AGP have been disrupted in the past by attacks in the Sinai Peninsula. Jordan […]

China, Russia Intensify Efforts to Expedite New Gas Route Supply Agreement

Energy News Beat (MENAFN) China National Petroleum Corporation (CNPC) Vice President, Xie Jun, has disclosed that Russian energy giant Gazprom is collaborating with China to fast-track the implementation of a new gas supply route known as the Far Eastern route. This initiative aims to deliver Russian natural gas to China from the offshore reserves near […]

Southeast Asia’s LNG investments predicted to peak by 2040: Study

Energy News Beat More natural gas facilities than ever will be firing in Southeast Asia almost two decades from now, according to a report by Singapore-based research firm Asia Research & Engagement (ARE). Led by Thailand, Indonesia and Singapore, the region currently has liquified natural gas (LNG) facilities operating at a capacity of 45 million tonnes per annum (Mtpa), which release […]

Following BP’s exit, operatorship of giant gas discoveries changes hands, as US player takes the reins

Energy News Beat U.S.-headquartered oil and gas exploration and production company Kosmos Energy has boosted its working interest and taken the operatorship helm of giant gas discoveries offshore Senegal, after BP’s withdrawal from the field. This is subject to customary government approvals and will assist the American firm in advancing significant future natural gas and LNG […]

Shell Prefers Share Buybacks over Big Acquisitions: CEO

Energy News Beat Shell PLC’s capital deployment strategy favors repurchasing company stocks more than absorbing rivals, chief executive officer (CEO) Wael Sawan has said, in contrast to USA competitors Chevron Corp. and Exxon Mobil Corp. Reporting a 23 percent quarter-on-quarter increase in adjusted earnings to $6.2 billion for the third quarter, the British energy giant […]