Category: Energy News Beat

SFL takes delivery of LNG-powered PCTC chartered by K Line

Energy News Beat China’s Guangzhou Shipyard International (GSI) delivered SFL Corporation’s LNG dual-fuel pure car and truck carrier, Odin Highway. This PCTC will serve a charter deal with Japan’s K Line. CSSC’s GSI handed over the vessel with a capacity of 7,000 units to John Fredriksen-controlled SFL on January 19. The shipbuilder says this is […]

Shell’s QGC business to drill more wells

Energy News Beat Shell’s QGC business in Australia revealed plans to drill more wells as it looks to boost gas supply to its Queensland Curtis LNG export plant and the domestic market. Shell Australia said in a statement that about 115 newly planned gas wells would be drilled and connected in the Western Downs region […]

Status of the Housing Bust in San Francisco (Lowest Price for any December since 2017 & 2019), Silicon Valley & the Bay Area

Energy News Beat In 19 months, prices in San Francisco dropped nearly as much as in the first 19 months of Housing Bust 1. Overall Bay Area is well behind. We’re keeping score. By Wolf Richter for WOLF STREET. The median price of single-family houses In San Francisco dropped to $1.45 million in December, down by 29.6%, or […]

Daily Energy Standup Episode #291 – Evolving Energy Landscape: Renewables Bubble Burst, California Solar Woes, and the Chilling Impact on Net Zero Goals

Energy News Beat Daily Standup Top Stories 2023 – The Year The Renewables Bubble Burst January 20, 2024 Stu Turley In 2023. clean energy witnessed one of the toughest years in its short history. Supply chain issues, the energy crisis post Russia’s invasion of Ukraine and the ensuing ramp of interest rates and inflation hit […] California […]

Mexican MP asks for prior consultation principle to be added to new Mining Law

Energy News Beat ​ Left-wing MP Mary Carmen Bernal presented an initiative before the Mexican Parliament to make prior consultation mandatory in the new Mining Law. In detail, Bernal proposed that if the Ministry Economy plans to grant mining concessions on Indigenous land, an informed, culturally appropriate and good-faith consultation must be carried out with […]

Global inventory of world’s mines needed – researchers

Energy News Beat ​A lack of a comprehensive inventory of the world’s mines and the absence of robust data on various aspects of mining operations is hampering sustainability efforts, a recent commentary in the journal Nature states. In the article, Victor Maus, a researcher in the Novel Data Ecosystems for Sustainability Research Group of the […]

Glencore’s Lomas Bayas transfers water rights to Chilean farming community

Energy News Beat ​Glencore’s (LON: GLEN) Minera Lomas Bayas in Chile signed an agreement – deemed as ‘historic’ by the company – with the Calama Farmers Association (ASAC) transferring water rights on the Loa River and also the land corresponding to Plot 12 in the Progreso Campesino area. Through a dialogue process that started in […]

Scores dead as frigid conditions ravage US – CBS

Energy News Beat Weather-related fatalities have been reported in at least nine US states in recent days At least 89 people have died in weather-related incidents across the United States in recent days, a report by CBS News said on Sunday, as dangerously cold conditions continue to impact various parts of the country. Tens of […]

Energy bills must rise to pay for net zero, says Siemens Energy boss – Like they have not risen enough

Energy News Beat The German boss of Britain’s biggest wind turbine maker has warned energy bills will have to keep rising to pay for the green transition as he attacked “fairytale” thinking about net zero. Joe Kaeser, chairman of Siemens Energy, suggested higher energy bills were inevitable as turbine makers grapple with huge losses, forcing them to pass […]

Energy bills must rise to pay for net zero, says Siemens Energy boss – Like they have not risen enough

Energy News Beat The German boss of Britain’s biggest wind turbine maker has warned energy bills will have to keep rising to pay for the green transition as he attacked “fairytale” thinking about net zero. Joe Kaeser, chairman of Siemens Energy, suggested higher energy bills were inevitable as turbine makers grapple with huge losses, forcing them to pass […]