Category: Energy News Beat

Russia planning ‘peaceful’ nuclear projects with BRICS state

Energy News Beat [[{“value”:” Russia and Ethiopia have agreed to develop cooperation in the use of nuclear technologies for “peaceful purposes,” according to a statement posted on the Russian government’s Telegram channel on Wednesday. The agreement was reached during talks between Russia’s economic development minister, Maxim Reshetnikov, and his Ethiopian counterpart in charge of innovation […]

Zelensky lied to Trump about Ukraine’s mineral reserves – Bloomberg

Energy News Beat What the country has is “scorched earth; what it doesn’t have is rare earths,” columnist Javier Blas has said Ukraine has vastly and deliberately overstated its rare-earth mineral reserves in an attempt to win the favor of US President Donald Trump, Bloomberg columnist and commodities expert Javier Blas suggested in an op-ed […]

Environmentalists sue to block Trump’s offshore drilling plans

Energy News Beat Conservation and environmentalist groups have sued US president Donald Trump and his administration over his order to roll back the ban on future oil and gas leasing. The court battle against Trump is a two-parter. Several organisations are collectively challenging the order by the US president to revoke Biden’s withdrawal of certain […]

Sumitomo buys stake in Estonian offshore wind project

Energy News Beat DNV Japan’s Sumitomo Corporation has bought a 50% stake in the 1GW Liivi wind farm being developed by Enefit Green off the coast of Estonia. Sumitomo bought into the wind farm through the acquisition of half the ownership interest in project company Liivi Offshore. The remaining half is owned by Enefit Green, […]

Shelf Drilling bags $50m rig contract extension from Chevron

Energy News Beat MarineTraffic / Jonathan Lord United Arab Emirates-based jackup rig pure-play Shelf Drilling has secured an extension for one of its rigs. Namely, the 2008-built Shelf Drilling Scepter will continue its drilling operations offshore West Africa for one more year. The name of the client was left undisclosed in an Oslo Bors filing. […]

Seatrium bags offshore rig deal from International Maritime Industries

Energy News Beat LeTourneau Seatrium Offshore Technology, the offshore jackup designer for Singapore shipyard group Seatrium, has won an international tender from International Maritime Industries (IMI) to supply equipment and the license for a self-elevating drilling unit. This comes after ARO Drilling, a joint venture between Aramco and Valaris, and IMI agreed to build a […]

Series of tanker explosions around the Med add to European shipping security concerns

Energy News Beat EuropeTankers Thenamaris A spate of blasts recorded across the Mediterranean on tankers that have recently called at Russian ports has security analysts concerned about a new form of attack targeting merchant shipping. Two Thenamaris aframax tankers – the Seajewel and the Seacharm – have both reported explosions onboard in the past month […]

Five top brokers join forces to launch recap and charter party platform

Energy News Beat Five of the world’s leading shipbroking firms—Arrow, Gibson Shipbrokers, Howe Robinson, IFCHOR Galbraiths and SSY—have united to introduce Ocean Recap – a purpose-built recap and charter party management platform.  Developed in partnership with Signal Ocean, Ocean Recap seeks to address the growing concerns of monopolisation and data security in the recap and […]

Russia Sanctions Shift

Energy News Beat Daily Standup Top Stories Iranian Oil Exports to China are rolling February 19, 2025 Clark Savage Iranian crude oil flows to China have rebounded this month after a U.S. crackdown on shipments launched in late 2024 decimated them in January. In a last-minute push to sanction Iran, the Biden admin blacklisted […] West will […]

Cargill and Hafnia form bunkering joint venture

Energy News Beat Cargill’s Ocean Transportation business and product tanker giant Hafnia have joined forces to launch Seascale Energy, a joint venture, combining Cargill’s existing bunker business Pure Marine Fuels and Hafnia’s Bunker Alliance. “Cargill and Hafnia’s global reach and trading strength, coupled with maritime operational excellence, create a first-class solution for bunker management,” said […]