Energy News Beat Image: Oman LNG State-owned producer Oman LNG has signed a deal to supply liquefied natural gas to UK-based energy giant BP. Oman LNG announced the signing of the sales and purchase agreement on Tuesday. Under the SPA, Oman LNG will supply 1 million metric tonnes per annum of LNG to BP for […]
Energy News Beat BEIJING, Nov 20 (Reuters) – The People’s Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to gather momentum. Saudi Arabia, the world’s top oil exporter, […]
Energy News Beat The regional electric grid operator in Texas, the Electric Reliability Council of Texas (ERCOT), sent a request to stakeholders earlier this year asking for more reserve generating capacity for this upcoming winter when electricity demand is typically at its highest. The request specifically targeted decommissioned coal and natural gas plants owned by municipalities, wanting […]
Energy News Beat November 20, 2023 Data source: U.S. Energy Information Administration, Form EIA-860M, Monthly Electric Power Industry Report The average utilization rate (or capacity factor) for the entire U.S. fleet of combined-cycle natural gas turbine (CCGT) electric power plants has risen as the operating efficiency of new CCGT units has improved. The CCGT capacity […]
Energy News Beat In a recent Angus Reid Institute survey, Canadians were asked which political party they would prefer to manage the country’s climate change file. The winner was the Conservative Party of Canada; 28 per cent wanted the Tories, against 14 per cent who wanted the Liberal status quo. What’s more, respondents were endorsing a […]
Energy News Beat For decades, the fruits of the fracking revolution, plus our newly minted status as the world’s top net exporter of natural gas, demonstrated that American consumers were swimming in bountiful energy. But as the pandemic effects of supply chain shortages, the war in Ukraine, and higher government spending gave way to inflation hikes, suddenly […]
Energy News Beat The modern American version of “the environmental emperor has no clothes” until now has been the rise and fall of Enron. As former Ken Lay speechwriter Robert Bradley, Jr., says, “(T)he cause of Enron’s financial bankruptcy were at root philosophical…. Enron’s leaders were certainly engaged in massive philosophical fraud – an attempt to cheat reality […]
Energy News Beat When an Appalachian-based company begins operations at a Wyoming coal mining site late this year, the energy and enthusiasm around the work may focus more on its energy transition potential than old-school fossil fuel. Ramaco Resources has its board approval to begin work at the Brook Mine property in Sheridan, Wyoming this […]
Energy News Beat Wall Street rushed to embrace sustainable investing just a few years ago. Now it is quietly closing funds or scrubbing their names after disappointing returns that have investors cashing out billions. The about-face comes after tightened regulatory oversight, higher interest rates that have slammed clean-energy stocks and a backlash that has made […]
Energy News Beat Golar LNG has announced that the FLNG Gimi has departed Singapore’s Seatrium Shipyard and is now sailing under its own propulsion, supported by an escort tug, toward BP’s purpose-built Greater Tortue Ahmeyim (GTA) hub offshore Mauritania and Senegal. The voyage is expected to take around 60 days, including refuelling stops in Mauritius prior to rounding the Cape of Good […]
