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Home2025May

Month: May 2025

Climate Crisis

Chris Wright Warns Europeans That Net Zero Is Fueling Blackouts, Economic Decline

May 1, 2025 Stu Turley

ENB Pub Note: The grid requires adherence to the laws of physics and fiscal responsibility. Anything less and blackouts and a financial crisis occur. We are witnessing the decline of Western Civilization, and Net Zero […]

Climate Crisis

Sen. Thune’s High-Stakes Move To Kill California’s EV Mandate

May 1, 2025 Stu Turley

Senate Majority Leader Thune faces a tough call on defying Senate rules to block California’s EV mandate using CRA, with a mid-May deadline looming. ​Senate Majority Leader John Thune, R-S.D., is facing a tough decision […]

Climate Crisis

Spain and Portugal’s Blackouts Expose The Real Risks Of UK’s Net Zero Push

May 1, 2025 Stu Turley

ENB Pub Note: This is also a vital lesson for grid operators in New York, New Jersey, Delaware, California, and other regions that have installed heavy wind and solar capacity without the critical dispatchable power […]

No Picture
Big Oil Companies

TotalEnergies targets Mozambique LNG restart by mid-year, CEO says

May 1, 2025 Clark Savage

TotalEnergies declared force majeure on the Mozambique LNG project in April 2021 and withdrew all personnel from the site due to new attacks. Mozambique LNG includes the development of offshore gas fields in Mozambique’s Area 1 and […]

Big Oil Companies

New rig deals boost Valaris backlog to $4.2bn

May 1, 2025 Stu Turley

ENB Pub Note: Interesting update from Valaris for ExxonMobil. The unit is offshore Cyprus and may be heading to Angola. The offshore business is one we are tracking as global oil demand is expected to […]

Kasuga
Press

Japan’s Kasuga back for more New Dayang ultramaxes

May 1, 2025 Stu Turley

Japanese owner Kasuga Kaiun has returned to Chinese builder New Dayang with an order for two more ultramax bulk carrier newbuilds. No price has been revealed for the pair of 64,100 dwt vessels, which takes […]

Crude Oil News

US issues further sanctions against Iran

May 1, 2025 Stu Turley

ENB Pub Note: “Sanctions do not work as intended” is an excellent quote from Irina Slav, Energy Writer and Podcast Host. The Biden Sanctions and weaponization of the U.S. Dollar did nothing to impact the […]

Ørsted
Finance

Ørsted sells stake in UK offshore wind farm for $600m

May 1, 2025 Clark Savage

Danish offshore wind developer Ørsted has sold a 24.5% stake in the 389MW West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat. Schroders Greencoat has a combined net generating capacity of […]

SBM Offshore
Big Oil Companies

SBM Offshore to install BP’s Gulf of America production unit

May 1, 2025 Stu Turley

ENB Pub Note: BP’s offshore production in the Gulf of America is significant, with the company operating several major platforms and aiming to increase output. As of the latest available data: Current Production: BP operates […]

Big Oil Companies

Why is U.S. LNG Dominating Global Markets?

May 1, 2025 Clark Savage

Daily Standup Top Stories U.S. LNG will be the United States’ largest export product – Secretary Chris Wright On the Crude Truth Substack, Rey Trevino writes: Secretary Chris Wright provided a comprehensive summary of the […]

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