A year and a half after a renowned Harvard professor described the pandemic of 2020 as “the mother of all shocks” to energy markets, oil and gas prices are still being rocked by supply and […]
Yemen’s AnsarAlla threatens to cut fibre optic cable in the Red Sea and the region, Azernews reports, citing foreign media. This will happen if the US and UK strike Yemen’s airports again. Internet cables serve as communication […]
Finnish state-owned energy firm and LNG supplier, Gasum, has decided to build a new liquefied biogas (bio-LNG) plant in Borlange, Sweden. Gasum said the the investment decision is the next step in its plan to […]
Shell’s LNG Canada terminal is more than 90 percent complete and the project is preparing to launch commissioning activities later this year, according to Shell’s CEO, Wael Sawan. This is the first large LNG export […]
Energy giants QatarEnergy and ExxonMobil are still expecting to start LNG production at their Golden Pass LNG export terminal on the US Gulf Coast near Sabine Pass, Texas, in the first half of 2025. State-owned […]
Tankers Even though more than 10 rusty ladies have been reported sold this year, prices are finally coming down for vintage VLCCs. Broking sources report that a raft of ships have been circulated, but buyers […]
GasShipyards Nakilat The pace of LNG newbuild deliveries will smash records this year, beating the previous annual gas ship delivery peak of 2021 by 48%. Data from Clarksons Research shows 89 LNG ships – with […]
Daily Standup Top Stories Wind Farms Are Overstating Their Output — And Consumers Are Paying For It February 3, 2024 Stu Turley Dozens of British wind farms run by some of Europe’s largest energy companies have […]
Wolf Richter on “This Week in Money,” at HoweStreet.com, recorded on February 1: Enjoy reading WOLF STREET and want to support it? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to […]
Reported earnings of $2.3 billion; adjusted earnings of $6.5 billion Record $26.3 billion cash returned to shareholders in 2023 Record annual worldwide and U.S. production Announced an 8 percent increase in quarterly dividend to $1.63/share […]
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