Category: Energy News Beat

A Massive U.S.-Led Pledge Could Be A Global Gamechanger

Energy News Beat The United States is preparing to announce a pledge to triple the world’s production of nuclear energy by 2050, with more than 10 countries on four continents already signed on to the first major international agreement in modern history to ramp up the use of atomic power. Signatories to the pledge, set […]

Golar makes progress on FLNG plans

Energy News Beat Golar LNG said it continues to progress the company’s FLNG growth pipeline, while it is now in detailed commercial discussions to recharter its Hilli FLNG. The LNG firm led by Tor Olav Trøim said in its third-quarter report that it continues to hold talks on recontracting Hilli upon the end of its […]

Chevron says third Gorgon LNG train returns to full production

Energy News Beat The third liquefaction train at Chevron’s giant Gorgon LNG plant in Western Australia has returned to full production, Chevron told LNG Prime on Wednesday. A Chevron spokesperson said that Gorgon Train 3 had returned to full production “over the past few days.” The spokesperson did not provide any additional information. Earlier this […]

India and Russia hold joint naval drills

Energy News Beat 22 Nov, 2023 06:47 HomeIndia The joint exercise in the Bay of Bengal is aimed at countering global threats and ensuring safe shipping in the Asia-Pacific region, Moscow said The Russian and Indian navies are holding joint drills in the Bay of Bengal, the Russian Ministry of Defense announced on Tuesday. The […]

Clean Energy start-ups are struggling as they wait for government aid

Energy News Beat Oil Price Some American clean energy and technology startups are struggling to keep afloat while waiting for the U.S. Administration to disburse the pledged loans and funds under the landmark Inflation Reduction Act (IRA). Source: Oil Price Several startups have already filed for bankruptcy, others have flagged the ability to continue as […]

Enviva, the world’s largest biomass energy company, is near collapse

Energy News Beat The forest biomass energy industry took a major hit this month, as Enviva, the world’s largest producer of wood pellets — burned in former coal power plants to make energy on an industrial scale — saw catastrophic third quarter losses. Enviva’s stock tanked, its CEO was replaced and the company seems near […]

Türkiye, Algeria extend LNG agreement during Erdoğan’s visit

Energy News Beat Türkiye’s state pipeline operator Petroleum Pipeline Corporation (BOTAŞ) signed an agreement with Algeria’s state oil and gas firm Sonatrach to extend their existing deal for another three years, Energy Minister Alparslan Bayraktar said Tuesday. Under the deal signed during an official visit to Algiers by President Tayyip Erdoğan, Türkiye will continue to buy […]

With Trillions at Stake, the Cleaving Is Becoming Tenuous

Energy News Beat When I say the cleaving is becoming tenuous, do not take that expression to indicate the Western global alliance will back down, they will not.  However, as the fracturing of the global economic systems cleave into two very distinct formations, the citizens forced to live in the Western control system are going […]

The Strait of Hormuz is the world’s most important oil transit chokepoint

Energy News Beat The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world’s most important oil chokepoint because large volumes of oil flow through the strait. In 2022, its oil flow averaged 21 million barrels per […]

Predictions in anti-fracking ‘Gasland’ fail to come true nearly 14 years after documentary released

Energy News Beat Nearly 14 years after “Gasland” was released, numerous studies have contradicted its claims about fracking, and its dire predictions didn’t come to pass. Despite dozens of studies that dispel those claims, proponents say anti-fracking activists is based on ideology and not science. The Oscar-nominated and Emmy-winning documentary Gasland is often credited with spawning the movement […]