Category: Energy News Beat

Seaspan, Hyundai Glovis order LNG-powered PCTCs in China

Energy News Beat Seaspan and Hyundai Glovis joined forces to order six large LNG dual-fuel pure car and truck carriers from China’s Shanghai Waigaoqiao Shipbuilding (SWS). The deal for the PCTCs with a capacity of 10,800 ceu also includes an option for four additional vessels, according to Seaspan’s parent Atlas. Besides LNG dual-fuel propulsion, the […]

California’s Salton Sea could hold enough lithium for 375 million batteries, and it could meet US EV needs for decades

Energy News Beat The US Department of Energy released an analysis estimating how much lithium is under the Salton Sea. Lithium is one of the prime components in batteries, making it crucial for electric vehicles. If they can make mining cheap enough, then this development could help clean energy transition. A federal analysis released Tuesday confirmed Southern California’s […]

Congress provided $7.5B for electric vehicle chargers. Built so far: Zero.

Energy News Beat Congress at the urging of the Biden administration agreed in 2021 to spend $7.5 billion to build tens of thousands of electric vehicle chargers across the country, aiming to appease anxious drivers while tackling climate change. Two years later, the program has yet to install a single charger. States and the charger […]

Is a new oil price war looming?

Energy News Beat Oil Price U.S. crude oil production broke another record in September, putting additional pressure on the OPEC+ group, which looks to keep oil prices above $80 per barrel by controlling “market stability.” Source: Reuters The underwhelming OPEC+ meeting last week showed that there is dissent within the group about deeper cuts and production quotas. […]

Duke Energy proposes energy efficiency enhancements and innovative pilot programs for South Carolina customers

Energy News Beat Duke Energy proposes energy efficiency enhancements and innovative pilot programs for South Carolina customers – 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. […]

U.S. Carbon Dioxide Emissions Expected to Decline by 3 Percent This Year

Energy News Beat IER . Commentary Contact The Expert Key Takeaways 1 Carbon Dioxide emissions are estimated to drop 3 percent this year as coal plants are idled and retired and natural gas mostly picks up the slack. 2 Carbon dioxide emissions increased in 2021 and 2022 as the impact of forced COVID closures that […]

Novatek forms Murmansk LNG unit

Energy News Beat Image: Novatek Russian LNG producer Novatek has formed a new unit to develop its planned Murmansk liquefied natural gas export project. According to a document posted on the website of Russia’s register of legal entities, the name of the new firm is Murmansk LNG Limited Liability Company. The new firm was registered […]

Putin arrives in Abu Dhabi

Energy News Beat 6 Dec, 2023 11:15 HomeRussia & FSU During his trip to the UAE, the Russian president will discuss bilateral ties and the situation in the Middle East, the Kremlin has said Vladimir Putin’s plane has landed in Abu Dhabi for the Russian leader’s first trip to the United Arab Emirates since 2019. […]

Venezuela adds disputed oil-rich region to its map

Energy News Beat Energy companies should start exploration in “our Guyana Esequiba,” President Nicolas Maduro has said Venezuelan President Nicolas Maduro has displayed an updated map showing a resource-rich territory disputed with neighboring Guyana as a part of Venezuela. The map including ‘Guyana Esequiba’ province will be published and distributed in schools and universities, Maduro […]

Mexico Pacific pens 20-year LNG supply deal with Woodside

Energy News Beat Mexico Pacific, the developer of the planned $14 billion Saguaro Energia LNG export project, has signed a long-term deal to supply liquefied natural gas to Australian LNG player Woodside. Under the 20-year SPA, Woodside will offtake 1.3 million tonnes per year of LNG on a FOB basis from Mexico Pacific’s anchor LNG […]