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Home2025May

Month: May 2025

Press

America’s difficult path to resurrect its shipyards

May 29, 2025 Stu Turley

AmericasShipyards Philly Shipyard Philly Shipyard Donald Trump’s bid to resurrect American shipbuilding faces some stern demographic challenges. The American president has made shipbuilding a central plank of his industrial policies since returning to power in […]

Chevron Triumphs Over ExxonMobil, Ending 20-Month Battle to Acquire Hess
Crude Oil News

Chevron Announces Nearly 800 Job Cuts in Texas Amid Broader Industry Layoffs

May 28, 2025 Clark Savage

– Chevron Corporation, one of the world’s leading integrated energy companies, has announced plans to lay off nearly 800 employees in Texas as part of a sweeping global restructuring effort. The cuts, primarily targeting the […]

Crude Oil News

Texas oil companies face new deadlines to plug inactive wells

May 28, 2025 Clark Savage

Texas oil and gas companies face new deadlines to plug defunct wells after the Texas Legislature agreed this week to send Gov. Greg Abbott a bill setting new rules for the industry. The bill, which passed with […]

Gold Holdings
Finance

How the ECB’s Mark-to-Market of its Gold Holdings to €1 Trillion and €3.1 Trillion in QT Affect its Balance Sheet

May 28, 2025 Stu Turley

Under QT, the ECB shed €3.1 trillion in bonds and loans. Separately, it wrote up its gold assets by €409 billion, or by 68%, to reflect soaring gold prices. By Wolf Richter for WOLF STREET. The ECB values […]

Spain the aftermath by Doug Shridan
Electrical Generation / Utilities

Spain – the aftermath by Doug Sheridan – Wind and Solar are infact more expensive

May 28, 2025 Clark Savage

ENB Pub Note: This is an outstanding post on LinkedIn from Doug Sheridan, and I have invited him to be on the Energy News Beat podcast several times, but he is having way too much […]

Crude Oil News

The Crude Truth: Water Management Challenges Threaten Permian Basin Oil Production

May 28, 2025 Clark Savage

Source: The Crude Truth Substack. Rey Trevino, Pecos Operating, The Crude Truth Podcast Earlier in the week, I released the podcast “Water Shortage in Texas? Texas Land and Water: Big Plans with Commissioner Dr. Dawn Buckingham”. […]

Earnings

Golar chairman says FLNG industry set for ‘massive’ growth

May 28, 2025 Mariel Alumit

ENB Pub Note: Golar’s earnings call financial specifics are at the top, and the LNGPrime update follows. Golar LNG Limited (GLNG) held its Q1 2025 earnings call on May 27, 2025. Below is a summary […]

Exports

Woodside gets OK for NWS extension project and an update to the Austrailan LNG export market

May 28, 2025 Mariel Alumit

Australian LNG Exports: Companies, Volumes, and Destinations Australia stands as a global powerhouse in liquefied natural gas (LNG) exports, vying with Qatar and the United States for the top spot. In 2022, the country exported […]

Exports

Cheniere, Canadian Natural Resources pen gas supply deal

May 28, 2025 Mariel Alumit

Cheneire said on Wendesday that the integrated production marketing (IPM) gas supply agreement between Cheniere Marketing and a unit of the Canadian producer is for 15 years. Under the IPM agreement, Canadian Natural Resources has […]

Energy Policy

NextDecade’s Rio Grande LNG secures approval to build tug berth

May 28, 2025 Mariel Alumit

FERC said on Tuesday it had granted Rio Grande LNG’s May 7 request to construct the tug berth. “This approval is based on FERC staff review of the information filed on July 7, 2020; July […]

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