In a bold op-ed published in the Wall Street Journal, U.S. Treasury Secretary Scott Bessent has issued a scathing critique of the Federal Reserve, calling for a sweeping overhaul of the central bank’s operations. Bessent, a key figure in the Trump administration’s economic team, argued that the Fed’s recent policies have fueled inflation, exacerbated wealth […]
AI isn’t just changing the way we work; it’s rewriting the energy demand curve. Every time a data center spins up to train a model or run cloud services, it pulls massive amounts of power from the grid. And the truth is, our current grid isn’t ready for how fast that demand is growing. Just […]
PSA Mumbai The prime ministers of India and Singapore gave speeches yesterday ahead of the inauguration of what will become India’s largest container terminal. With the inauguration of its phase two expansion, PSA Mumbai is poised to become India’s largest container terminal, doubling its annual handling capacity to 4.8m teu. Designed to accommodate multiple mega […]
According to a stock exchange filing, Hanwha Ocean will build the LNG carrier for an unidentified North American owner. The contract is worth 351.2 billion won ($252 million). Hanwha Ocean will deliver the newbuild LNG carrier by March 2028. The shipbuilder did not provide further information. LNG Prime was unable to determine the identity of […]
Exmar confirmed in its half-year report that the two firms failed to agree on the performance bonus, and Eni has “referred this matter to the London Court of International Arbitration.” Back in 2022, Exmar sold the FLNG to Italy’s Eni for deployment in the Republic of Congo, also known as Congo-Brazzaville. Besides buying Tango FLNG from Exmar, […]
Kospo said it will receive a total of 4.4 million tons of natural gas from Kogas for 10 years from 2027. Unlike the existing “average rate system” where Kogas supplies gas uniformly to all power generators at the average price of all its LNG import contracts, this contract includes the “individual pricing system”, according to […]
In a move signaling a strategic pivot toward reclaiming market share amid softening global demand, OPEC+ has reached a preliminary agreement to boost oil production starting in October 2025. Key members of the alliance, including Saudi Arabia and Russia, are set to discuss and likely approve an addition of approximately 137,000 barrels per day (bpd) […]
In this episode of Energy Newsbeat – Conversations in Energy, Stu Turley sits down with Bill Mazzetti of Rosendin to break down the explosive growth of AI-driven data centers, behind-the-meter power strategies, and the future of energy infrastructure in the U.S. From Abilene’s gas-turbine projects to modular nuclear, battery mandates, and California’s near-blackout save, this […]
Weekly Daily Standup Top Stories High Energy Costs Push UK Industry to the Brink September 1, 2025 Clark Savage This week saw yet another hike in Britain’s electricity price cap—the latest in a string of hikes that have ranked the country among the top five with the most expensive electricity in the world. But […] The UK […]
In a bold move that has heightened geopolitical tensions in the South China Sea, China has been accused of installing oil drilling platforms and vessels within Taiwan’s exclusive economic zone (EEZ), marking a new phase in Beijing’s “gray-zone” tactics against the island. According to recent reports, the state-owned China National Offshore Oil Corporation (CNOOC) has […]
