In a significant development for regional energy cooperation, Chevron Corporation, the operator of Israel’s Leviathan gas field, has secured approval and finalized agreements to construct a new natural gas pipeline to Egypt. This move is poised to bolster Egypt’s energy security amid its ongoing crisis, while enhancing Israel’s role as a key gas exporter in […]
Seatrium Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would allow the company to enhance capital and operational efficiencies while unlocking value from one of its surplus facilities. Following the […]
In a surprising turn of events amid ongoing geopolitical tensions, ExxonMobil has taken a bold step toward reclaiming billions in losses from its forced exit from Russia’s Sakhalin-1 oil project. According to recent reports, the U.S. energy giant signed a non-binding agreement with Russia’s state-owned Rosneft in late August or early September 2025, paving the […]
In a bold move that sent shockwaves through global energy markets, U.S. President Donald Trump urged European nations to immediately halt all purchases of Russian energy, including oil and natural gas. This call, renewed amid ongoing geopolitical tensions over Russia’s war in Ukraine, coincided with a rally in oil prices on Tuesday, with ICE Brent […]
Doug Sheridan on LinkedIn writes: Last month we came across the attached series of charts on the Grid Status app. They show continual generation on Ercot for the 30 days ending Aug 4—ie, the middle of the Texas summer. We marked the demand peaks in each chart with green dots, and demand troughs with red […]
Russia’s seaborne crude oil exports have surged to their highest levels in over a year, driven by a combination of increased production and disruptions to domestic refining capacity from Ukrainian drone strikes. According to recent vessel-tracking data, the four-week average shipments reached 3.62 million barrels per day (bpd) in the period ending September 21—the highest […]
In a stark admission during a September 2025 press conference, China’s Finance Minister revealed that “every penny we spend is borrowed,” highlighting the precarious state of the nation’s finances. This confession has reignited global concerns about China’s mounting debt crisis, often dubbed a “debt bomb” poised for detonation. With official government debt reaching 92.6 trillion […]
– Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, reach a two-year high of $29,888 per day as of last Friday, 50% above the 10-year trend. VLCC rates leapt last week, with some fixtures breaking through the $100,000 […]
In-brief analysis September 22, 2025 Utility-scale batteries are more commonly used for price arbitrage Data source: U.S. Energy Information Administration, Annual Electric Generator Report Data values: File 3.4—Energy Storage In our annual survey of power plant activity, we ask operators of utility-scale batteries how they are using their systems, and one use case is increasingly prevalent: price arbitrage. Arbitrage […]
Israeli maritime analytics firm Windward is reporting that the government of Comoros has begun a clean-out of its international registry, a flag which has been central to sanctions-circumventing dark fleet tankers shipping Russian, Iranian and Venezuelan oil. There are now 62 tankers, three liquefied petroleum gas carriers and one tug declared as falsely flying the […]
