Category: Energy News Beat

WATCH aftermath of Iranian strikes near US consulate

Energy News Beat Tehran won’t hesitate to protect its national security from terrorists, the Foreign Ministry has said Tehran’s Foreign Ministry has claimed that missile attacks launched by Iran’s Islamic Revolutionary Guard Corps (IRGC) on an alleged Israeli “espionage center” in Iraq and an Islamic State (IS, formerly ISIS) terrorist base in Syria were a […]

Chinese banks tightening restrictions on Russians – Bloomberg  

Energy News Beat The US has approved imposing secondary sanctions on institutions found aiding Moscow Chinese state-owned banks are tightening controls on servicing Russian clients after Washington approved secondary sanctions on financial institutions found aiding Russia’s military-industrial complex, Bloomberg reported on Tuesday, citing people familiar with the matter. In December, US President Joe Biden signed […]

Scholz booed at handball match (VIDEO)

Energy News Beat The chancellor has the lowest approval ratings for a German leader in over two decades, according to recent polls German Chancellor Olaf Scholz received a less than warm welcome from fans when he attended a Berlin handball match on Sunday, in an apparent show of discontent with his policies. He is one […]

Cosco’s yard completes Cyprus FSRU conversion job

Energy News Beat Cosco Shipping Heavy Industry in Shanghai has delivered ETYFA’s converted FSRU which will serve the first Cyprus LNG import terminal in Vasilikos. CHI Shanghai, the unit of Cosco Shipping, handed over the 137,000-cbm FSRU, Etyfa Prometheas, during a ceremony held on Tuesday, it said in an announcement. The shipbuilder converted the 2002-built […]

Enagas wraps up $653 million bond issue

Energy News Beat Spanish LNG terminal operator Enagas has completed the issue of 600 million euros ($653 million) in bonds maturing in 2034. Enagas said in a statement that the bond issue, with an annual coupon rate of 3.625 percent, has had a demand five times the amount offered, which shows the “positive reception” the […]

China Merchants yard kicks off work on Eastern Pacific Shipping’s LNG PCTC

Energy News Beat China Merchants Jinling Shipyard in Weihai has started building the sixth LNG-powered pure car and truck carrier for Singapore’s Eastern Pacific Shipping. The shipbuilder held a keel-laying ceremony on January 15 for the vessel (W0305) with a capacity of 7,000 ceu, it said in a statement. This is the sixth and the […]

Karpowership, MAN ink deal for 48 dual-fuel engines

Energy News Beat Turkey’s Karpowership, part of Karadeniz, and German engine maker MAN Energy Solutions have signed a contract for the delivery of a total of 48 dual-fuel engines for Karpowership’s fleet of powerships. MAN said in a statement that the engine order consists of MAN 18V51/60DF dual-fuel engines with a mechanical output of 20.7 […]

LNG Tankers Divert From Red Sea as Qatar Warns of Escalation

Energy News Beat Qatar rerouted three vessels heading to Europe via Suez Canal Russia also avoiding key waterway as Houthi attacks continue Liquefied natural gas suppliers, including Qatar and Russia, are avoiding the Red Sea amid heightened risk of attacks by Houthis militants and warnings of escalation from Doha. The LNG tankers are joining a […]

Shell sells Nigerian onshore unit

Energy News Beat LNG giant Shell has agreed to sell its Nigerian onshore subsidiary SPDC to Renaissance for up to $2.4 billion. Renaissance is a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group. The companies are ND Western, Aradel Energy, First E&P, Waltersmith, and Petrolin. […]

Davos 2024: Climate imperatives centre stage as global leaders wrestle with historic challenges, activist scepticism

Energy News Beat The World Economic Forum (WEF) annual meeting in Davos, Switzerland, has thrust climate change into the limelight as leaders grapple with the pressing challenges outlined in the WEF’s Global Risks report. With COP28 fresh in memory and the climate crisis topping the list of the next decade’s biggest risks, governments and business […]