In a significant move amid ongoing geopolitical tensions and U.S. sanctions, private Chinese company China Concord Resources Corp (CCRC), operating under the name Concord Resources, has committed to a $1 billion investment in Venezuela’s oil sector. This initiative aims to revitalize two underutilized oil fields, potentially boosting Venezuela’s crude production at a time when the […]
Cosco Orient Overseas (International) Ltd (OOIL), the listed entity of Hong Kong container line OOCL, has conceded that October’s likely introduction of extra port fees for Chinese-linked tonnage could be painful. OOCL, owned by China’s COSCO, posted its interims yesterday in which it noted in a release that the potential extra port charges levied by […]
Weekly Daily Standup Top Stories Solar Shares Rise as Trump Hit to Credits Softer Than Feared August 17, 2025 Clark Savage In a surprising turn for the renewable energy sector, solar stocks have surged following the Trump administration’s latest guidance on tax credits for wind and solar projects. Released on August 15, 2025, the new rules […] […]
The U.S. rig count continues its downward trend, reflecting a cautious approach by drillers amid fluctuating oil prices, economic uncertainties, and a focus on capital discipline rather than aggressive expansion. According to the latest data from Baker Hughes, the total number of active drilling rigs in the United States dropped by one to 538 for […]
In a decisive move to prioritize grid reliability, the Trump administration’s Department of Energy (DOE) has issued a second emergency order extending the operation of the J.H. Campbell coal-fired power plant in West Olive, Michigan, until November 19, 2025. This extension, announced on August 21, 2025, comes just as the plant was set to retire, […]
ENB Pub Note: This is a fantastic article from Irina Slav’s Substack, and we recommend you subscribe and support her channel! She is spot on, and the United States has a plan and a path for Energy Dominance that is the envy of the world energy markets. We will be covering this on our podcast. […]
In this episode of Energy Newsbeat – Conversations in Energy, Stu Turley sits down with Adam Hirschfeld, SVP of Workrise, to discuss the evolving landscape of the oil and gas industry. They dive into the impact of AI on energy demand, the challenges of permitting reforms, and the future of natural gas, microgrids, and decentralized […]
AsiaTankers Nereus Shipping Suezmax spot rates are surging as Kazakhstan runs into mounting difficulties with its oil exports, tightening the tonnage list across the Mediterranean and beyond. Kazakhstan has suspended flows via the Baku–Tbilisi–Ceyhan (BTC) pipeline after chloride-contaminated crude entered the system in late July, diverting volumes to the Caspian Pipeline Consortium’s (CPC) terminal near […]
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the holding company of HD Hyundai Group, has struck a deal to acquire Doosan Vina, the Vietnamese manufacturing unit of Doosan Enerbility, in a transaction worth 290bn won ($207.5m). The deal will see HD KSOE take full control of Doosan Vina’s heavy industry facility in Quang Ngai […]
Data source: U.S. Energy Information Administration, State Energy Data System Data values: Primary energy, electricity, and total energy expenditure estimates Alaska has the highest per capita energy expenditures of any state at $12,100, according to our recently published State Energy Data System information for 2023. Wyoming and North Dakota spent the next most on energy at $10,100 and $9,300 per capita, respectively. All three states […]
