Category: Energy News Beat

Payback: Top Execs Of Green Org Receiving Biden’s Billions Are Huge Dem Donors

Energy News Beat Top executives of a green organization that received billions of dollars in EPA funding are also major Democratic donors. ​Top executives of a green organization that the Biden Environmental Protection Agency (EPA) selected to receive billions in public funds have collectively made hundreds of thousands of dollars in personal political donations to […]

Trump’s EPA To Roll Back CO2 Endangerment Finding

Energy News Beat EPA head Lee Zeldin is reconsidering the CO2 Endangerment Finding, a key climate regulation used to restrict and suppress the use of hydrocarbons. ​As discussed in a couple of recent posts here and here, the so-called CO2 Endangerment Finding (EF) was an EPA regulatory action early in the Obama Administration (December 2009) […]

Republicans Work To End Taxpayer-Funded Green Energy Boondoggles On Farmland

Energy News Beat A Treasury Department report says renewable subsidies for clean energy projects could cost taxpayers $425B over next decade. ​House Republicans are seeking to prevent the use of taxpayer dollars to incentivize what they describe as “green energy boondoggles” on agricultural lands, citing subsidies that could cost taxpayers hundreds of billions of dollars […]

Miclyn Express Offshore changes name to Aesen

Energy News Beat AsiaOffshore Miclyn Express Offshore Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has officially changed its name to Aesen. Following the rebrand, the company will effect respective entity name changes progressively. Clients, vendors, and business partners will be notified as these changes take effect. All other company details remain unchanged. The OSV […]

Frontline seals four-ship refinancing

Energy News Beat Frontline John Fredriksen’s Frontline has secured a fresh refinancing deal for four of its vessels. The New York- and Oslo-listed tanker giant said it had entered into three senior secured credit facilities of $239m in total, which will refinance three VLCCs and one suezmax vessel and, in addition, provide revolving credit capacity […]

Crewmember injured as robbers board chemical tanker in the Singapore Strait

Energy News Beat A crewmember has been injured by robbers who boarded the Singapore-flagged chemical tanker Basset this morning in the Singapore Strait, out side Singapore territorial waters  The vessel has now currently anchored in Singapore waters and the Singapore Police Coast Guard and Singapore Civil Defence Force have been activated to render assistance with […]

MOL and SMT link up on direct reduced iron shipping

Energy News Beat MOL Japanese shipowner Mitsui OSK Lines (MOL) is joining forces with Cyprus-based dry bulk specialist SMT Shipping to jointly explore options for shipping direct reduced iron (DRI). Interest in DRI produced by reducing iron ore with natural gas or hydrogen is developing as the steel sector ramps up attempts to reduce CO2 […]

Costamare spinning off bulkers business

Energy News Beat Costamare New York-listed Greek shipowner Costamare has moved to spin off its dry bulk operation into a separate publicly traded company. The new company Costamare Bulkers Holdings is expected to launch this year and to be listed on the New York Stock Exchange. The outfit will own nearly 40 vessels in addition […]

Cadeler’s newbuild wins work on US offshore wind farm

Energy News Beat Cadeler Copenhagen-headquartered offshore wind installation player Cadeler has signed a firm contract with an undisclosed client for one of its newbuild vessels for work at an offshore wind farm in the United States. This will be the first time Cadeler’s second P-Class newbuild vessel, Wind Pace, will be deployed following its anticipated […]

KNOT Offshore Partners in new vessel swap deal with parent

Energy News Beat EuropeTankers KNOT Shuttle tanker player KNOT Offshore Partners has agreed a new swap dead with parent Knutsen NYK Offshore Tankers (KNOT) that will see the company add a modern suezmax in exchange for its nine years older panamax unit. The New York-listed firm is buying the 2021-built 152,800 dwt Live Knutsen from […]