Energy News Beat Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the US Gulf Coast near Sabine Pass, Texas. State-owned QatarEnergy owns a 70 percent stake in the Golden Pass project with a capacity of more than 18 mtpa and will offtake 70 percent of the […]
Energy News Beat South Korean shipbuilding giant Samsung Heavy Industries has secured an order for one floating liquefied natural gas (FLNG) unit. SHI said on Tuesday the order won from an owner in North America is worth 2.01 trillion won ($1.56 billion). However, this is a conditional contract and remains subject to a final investment […]
Energy News Beat As federal incentives spur a wave of new domestic clean energy manufacturing, economic boosters in Ohio and neighboring states see an opportunity to “Make it in Appalachia.” A virtual summit this month will serve as part of public kickoff efforts to identify and support small and medium manufacturers in the region so […]
Energy News Beat China’s renminbi keeps losing ground, after initial progress. But the tiny “other” reserve currencies combined are taking share from the USD. By Wolf Richter for WOLF STREET. The US dollar has been the dominant global reserve currency for decades, amid many global reserve currencies. And there are lots of people, institutions, and governments that want […]
Energy News Beat Iran sends destroyer to waterway as US navy sinks Houthi boats Brent declined 10% last year, its first annual drop since 2020 Oil rose after Iran sent a warship to the Red Sea in response to the US Navy’s sinking of three Houthi boats over the weekend, adding to regional tensions as ships […]
Energy News Beat Most analysts polled by the newspaper believe the single currency bloc is already in a recession The 20-nation euro currency bloc is expected to see only moderate economic growth, +0.6% in 2024, according to the results of a survey carried out by the Financial Times among 48 economists. The outlooks issued by […]
Energy News Beat A little-known judicial advocacy organization funded by left-wing nonprofits is quietly training judges nationwide on preparing for cases related to climate change, according to a Fox News Digital review. The Washington, D.C.-based Environmental Law Institute (ELI) created the Climate Judiciary Project (CJP) in 2018, establishing a first-of-its-kind resource to provide “reliable, up-to-date information” […]
Energy News Beat Note: For quite a while now I (Roger Caiazza) have put my Citizens Guide to the Climate Act article as the top post on the website because it summarizes the Climate Leadership & Community Protection Act (Climate Act). This post updates my current thoughts about the Climate Act and will replaces that post at the top […]
Energy News Beat The sovereign funds have been seized by the West as part of Ukraine-related sanctions Nearly $300 billion worth of Russian forex reserves have been frozen by Western countries since March 2022. The EU has been looking into ways to legalize tapping profits from those funds, but Moscow has warned that any such […]
Energy News Beat ENB Pub Note: – “Sanctions do not work as intended.” – Irina Slav – Her quote will also play out in these latest sanctions against Russia. In case anyone missed the numbers, Russia has successfully avoided a financial demise from the West. The weaponization of the US Dollar has only sped up […]
