Category: Energy News Beat

Ford cuts price of 2023 Mustang Mach-E by up to $8,100, offers 0% financing

Energy News Beat Ford Motor Co. slashed the cost of its electric 2023 Mustang Mach-E on Tuesday to be more competitive with Tesla and get the award-winning SUV into the hands of budget-conscious buyers. Prices are being reduced $3,100 to $8,100 depending on the model, effective immediately, according to a pricing chart the automaker sent to its […]

Russia to triple LNG exports by 2030 – deputy PM

Energy News Beat The country now ranks fourth in the world in terms of liquefied natural gas sales, according to Aleksandr Novak Russia plans to continue ramping up both output and exports of liquefied natural gas (LNG), Deputy Prime Minister Aleksandr Novak announced on Tuesday, as cited by RIA Novosti news agency. During an address […]

Boris Johnson wanted $1 million for interview – Tucker Carlson

Energy News Beat The former Fox host accused Britain’s ex-prime minister of attempting a “shakedown” American journalist Tucker Carlson has said former UK Prime Minister Boris Johnson would only agree to an interview if he received a $1 million fee. He made the claim following his high-profile interview with Russian President Vladimir Putin. Speaking to […]

Rotterdam LNG throughput up 3.7 percent in 2023

Energy News Beat LNG throughput in the Dutch port of Rotterdam rose 3.7 percent in 2023 as Europe continued to boost LNG imports and demand for LNG as fuel increased. The port, home to Gasunie’s and Vopak’s Gate LNG import terminal, said that total LNG throughput reached 11.92 million tonnes last year, compared to 11.49 million […]

With limited options, Maine governor announces site for offshore wind port

Energy News Beat   This article was originally published by the Maine Morning Star. The International Energy Agency has estimated that offshore wind could generate $1 trillion in worldwide investments in the next 15 years. Gov. Janet Mills said, “the time has come to bring some of that investment to Maine.” Mills announced at a press conference […]

Daily Energy Standup Episode #313 – Wind Farms Paid to Stay Offline and China’s Real Estate Woes: Affecting Oil Demand Dynamics

Energy News Beat Daily Standup Top Stories Two Wind Farms Received Over $100 Million To Switch Off February 20, 2024 Mariel Alumit Regular readers will know that I have long been concerned over the extraordinary level of payments to wind farms to switch off. These so-called ‘constraint payments’ are deemed necessary when the wires in the […]

CHART: China’s Belt and Road mining investment hits record

Energy News Beat A new report from Griffith Asia Institute, a unit of Australia’s Griffith University, shows 10 years after the launch of China’s Belt & Road Initiative (BRI) cumulative engagement tops $1 trillion with about $634 billion in construction contracts and $419 billion in non-financial investments. The authors point out that 2023 was the […]

Offshore wind farms more vulnerable to cyberattacks – study

Energy News Beat The complex architecture that connects offshore wind farms to the main power grid using high-voltage direct-current (HVDC) technologies makes them more vulnerable to cyberattacks, according to new research. In a recent paper and presentation, researchers from Concordia University and the Hydro-Quebec Research Institute explained that offshore wind farms, particularly those that use […]

KoBold Metals expands Zambia footprint with Midnight Sun deal

Energy News Beat   KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, is expanding its footprint in Zambia after inking a deal with Midnight Sun Mining (TSX-V: MMA) to jointly explore the Dumbwa target on the Canadian miner’s Solwezi copper project. The US-based startup aims to earn a 75% interest in […]

Seaway 7 and Dong Fang Offshore in Taiwanese wind link-up

Energy News Beat Dong Fang Offshore Subsea 7’s offshore wind contractor Seaway 7 and Taiwan-based offshore wind service player Dong Fang Offshore, a subsidiary of Hung Hua Construction, have joined forces in the expanding Taiwanese renewables sector. Under a memorandum of understanding, the duo will focus on developing a localised cable installation offering. Seaway 7 […]