Category: Energy News Beat

75 US Lawmakers Now Support CBDC Anti-Surveillance Bill

Energy News Beat Congressman Tom Emmer’s CBDC Anti-Surveillance State Act now has 75 cosponsors. “A central bank digital currency is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil and restrict Americans’ transactions,” the lawmaker cautioned. CBDC Anti-Surveillance Bill Gains Support in Congress Seventy-five U.S. […]

Initial US employment reports overstated by 439,000 jobs in 2023

Energy News Beat There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows. That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests. Since […]

Angola quit OPEC to sustain oil production above 1MMbpd, top official states

Energy News Beat (Bloomberg) – Angola quit OPEC because its quota limits hindered the country’s plans to stabilize crude production above 1 MMbpd, according to the country’s top oil official. The African nation’s December exit from OPEC came after the group imposed a much lower production limit. The tighter cap was too much for Angola, […]

Gavin Newsom’s 10 favorite myths about energy and climate, refuted

Energy News Beat As a Californian who studies energy for a living, I am acutely aware of the very damaging energy ideas and policies of our current Governor, Gavin Newsom. I was thus very happy to see Governor Ron DeSantis quickly demolish Newsom’s “government-dictated green energy policies” (the exact right term, which I’ve actually never […]

E&S Tankers takes delivery of third LNG-powered vessel

Energy News Beat Hamburg-based E&S Tankers, a joint venture of Essberger Tankers and Stolt Tankers, has taken delivery of the LNG-powered chemical tanker, Eberhart Essberger. E&S Tankers announced the delivery of the 6,600-dwt vessel, the third of four LNG-powered newbuilds, in a social media post. China Merchants Jinling Shipyard (Yangzhou) built the ship. According to […]

NextDecade enters loan as it works on FID for fourth Rio Grande LNG train

Energy News Beat US LNG firm NextDecade has entered into a credit agreement as it works to take a final investment decision to build the fourth liquefaction train at its Rio Grande LNG export project in Texas. The company’s unit NextDecade LNG has entered into a credit agreement with MUFG Bank as lender and administrative […]

Flex LNG’s carrier will be available for charter later this year

Energy News Beat Flex LNG’s 2019-built 173,400-cbm, Flex Constellation, will be available for charter later this year after a trading house decided not to utilize its extension option. In May 2021, the shipping firm controlled by billionaire John Fredriksen announced a three-year charter for this ME-GI LNG carrier with the trading house, said to be […]

Kiev mayor buys $6 million mansion in Germany – media

Energy News Beat The transaction was concluded through a unique debt repayment scheme, according to a report  Kiev Mayor Vitaly Klitschko has publicly declared the acquisition of a lavish mansion in Hamburg, Germany worth almost a quarter of a billion hryvnias ($6 million), Strana.ua reported on Sunday, citing the politician’s official tax return.  The document […]

Shell expects ‘significantly’ higher LNG trading results in Q4

Energy News Beat LNG giant Shell is expecting “significantly” higher trading and optimization results for its integrated gas business in the fourth quarter of 2023 compared to the previous quarter. The UK-based firm revealed this in its fourth-quarter update note on Monday. According to Shell, trading and optimization results for integrated gas are expected to […]

IRA offers lucrative incentives for low-income community solar, but also creates new challenges

Energy News Beat ​ Community solar is inherently a way to expand equity in solar access, as advocates describe it, since it makes clean energy and savings accessible to people who lack the capital or the space to install their own arrays. The Inflation Reduction Act has the potential to drive a boom in community […]