Woodfibre LNG said in a statement that this increase reflects the “evolving realities of delivering a complex, first-of-its-kind energy project in Canada—using hydroelectricity for liquefaction, net zero from day one and uniquely regulated by an Indigenous government under a consent-based environmental assessment agreement.” The JV noted that key cost drivers include remediation, construction, and geotechnical […]
Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share for the block of A-shares in the Copenhagen- and New York-listed firm. The transaction is subject to final documentation and […]
In a bold move that underscores growing tensions over global environmental regulations, the United States has reportedly urged other nations to oppose a proposed United Nations deal aimed at curbing emissions from marine fuels, threatening tariffs, visa restrictions, and port levies against those who support it. This development, revealed by sources familiar with the matter, […]
ENB Pub Note: I published Russia Wins in China with New Pipeline on September 2nd, and this article from Andrew Korybko’s Newsletter on Substack has some additional key points. We warned President Trump not to listen to the war mongers in Congress, and the two critical parts the main public is unaware of are how we […]
In a significant move amid ongoing challenges in the oil and gas sector, ConocoPhillips has announced plans to reduce its global workforce by 20 to 25%, affecting thousands of employees. This restructuring comes as the company grapples with declining oil prices, rising operational costs, and the need to streamline operations following its recent acquisition of […]
In the ever-evolving landscape of global finance, whispers from Beijing suggest that China may be on the cusp of a groundbreaking move: unveiling a new initiative that could position the yuan as a formidable contender in the international currency arena. While no official announcement has been made as of September 2025, recent developments within the […]
In recent years, Germany has been at the forefront of the global energy transition, championing ambitious green policies and aggressively phasing out both coal and nuclear power. However, as the country grapples with energy shortages and growing instability in its power grid, natural gas is emerging as a critical resource to keep the lights on […]
In a bold move signaling robust growth in the energy sector, Mitsubishi Heavy Industries Ltd. (MHI) has announced plans to double its gas turbine production capacity over the next two years. This decision comes amid surging global demand for gas turbines, fueled by the need for equipment replacements and the rapid expansion of data centers […]
The United States has achieved a new milestone in its liquefied natural gas (LNG) sector, exporting a record-breaking 9.33 million metric tons (MT) in August 2025. This figure surpasses the previous monthly high of 9.25 MT set in April 2025 and represents a notable increase from July’s 9.1 MT. The surge is attributed to increased […]
Data source: U.S. Energy Information Administration, Petroleum Supply Monthly (total U.S. production) and Enverus (county-level data) Data values: U.S. Field Production of Crude Oil Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (b/d), 93% of which was produced from just 10 counties in Texas and New Mexico. […]
