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Home2025May

Month: May 2025

Jeddah
Cyber Terrorism

MSC ship aground off Jeddah, likely victim of GPS spoofing

May 13, 2025 Stu Turley

Three days on from grounding off Jeddah, Saudi Arabia, the 7,000 teu MSC Antonia remains stuck in the Red Sea, with vessel tracking showing the ship was likely the victim of GPS jamming. Analysis from […]

Russia
International News

Russia readies billions for domestic fleet buildout

May 13, 2025 Stu Turley

Russia is stepping up the development and renewal of its fleet with plans to add more than 1,600 domestically built ships by 2036. Russian prime minister Mikhail Mishustin said that more than RUB500bn ($6.2bn) in […]

Energy Policy

Equinor could axe wind project off New York within days

May 13, 2025 Stu Turley

Norwegian energy giant Equinor is considering terminating its 810MW Empire Wind wind farm off Long Island due to the Trump administration putting a halt to the construction of the project. Interior secretary Doug Burgum directed […]

Höegh Evi
Imports

Höegh Evi signs decade-long FSRU charter with EGAS

May 13, 2025 Stu Turley

Norwegian marine infrastructure provider Höegh Evi has signed a 10-year time charter agreement with Egyptian Natural Gas Holding Company (EGAS) for the deployment of the 2013-built Hoegh Gandria LNG carrier as an FSRU in Egypt. […]

Housing Bubble
Finance

Housing Bubble & Bust #1 and #2 as Seen through Employment at Mortgage Lenders: They Shed Jobs Again, 38% Gone

May 12, 2025 Stu Turley

Nonbank mortgage lenders and loan brokers react quickly to demand, which has collapsed. By Wolf Richter for WOLF STREET. Mortgage lenders give a special perspective on the housing market because they sit at the epicenter of it. Employment […]

Newsom
Crude Oil News

Newsom relinquishing control to China to meet the energy demands of Californians?

May 12, 2025 Clark Savage

Co-authored by Ronald Stein, P.E. and Mike Umbro California’s Governor Newsom has been on this planet for 57 years and has yet to publicly recognize that modern life requires the use of fossil fuels to function. California is […]

ENB Pub Note

Secretary of Energy Chris Wright Plans to Cut 47 Regulations ‘Driving Up Costs and Lowering Quality of Life’

May 12, 2025 Clark Savage

U.S. Secretary of Energy Chris Wright has proposed cutting dozens of regulations he says are “driving up costs and lowering quality of life” for the American people, making the announcement on Monday. The Department of […]

Climate Crisis

Big Oil Companies Mergers, Or are they Moving?

May 12, 2025 Mariel Alumit

Big Oil Companies Mergers, Or are they Moving? Mounting speculation surrounds a potential BP-Shell mega merger and the growing likelihood that one or both oil giants may relocate to the U.S. amid hostile UK energy […]

Crude Oil News

Saudi Arabia Spends Like Oil’s Still at $90

May 12, 2025 Clark Savage

ENB Pub Note: Excellent article from Irina Slav at Oilprice.com. This article reinforces Doomberg’s comments about OPEC and its viability in the future as a cartel. Last week on the Energy News Beat podcast, he […]

ENB Pub Note

Texas Laws Aim To Stabilize ERCOT Grid By Leveling The Playing Field Among All Power Generators

May 12, 2025 Clark Savage

ENB Pub Note: This is an outstanding article from Ed Ireland’s Substack. We highly recommend following him here: https://edireland.substack.com/. Looking at the grid and the adverse effects of wind and solar before an incident like […]

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